Want to see JP:4970 full AI Analyst Report?
Top Page
Toyo Gosei Co., Ltd.
(4970)
Select Model
Select Model
Rating:59Neutral
Price Target:
¥12,331.00
▼(-2.21% Downside)
Action:Downgraded
Date:08/11/26
The score is supported by improving financial health—especially meaningful deleveraging and a strong free-cash-flow rebound—despite softer margins and declining net income. However, the overall rating is held down by weak technicals (price below key moving averages and negative MACD) and a relatively high P/E with a low dividend yield.
Positive Factors
Revenue Recovery and Growth
Revenue growth and continued sales recovery indicate improving demand for Toyo Gosei’s specialty chemicals. Higher volumes in electronics and industrial applications can support operating scale and reinforce customer relationships over the next several quarters.
Negative Factors
Margin and Earnings Pressure
Flat gross profit alongside higher revenue indicates margin pressure or rising costs, while declining net income weakens earnings quality. Persistent pressure could limit reinvestment capacity and reduce the benefit of the company’s current revenue recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery and Growth
Revenue growth and continued sales recovery indicate improving demand for Toyo Gosei’s specialty chemicals. Higher volumes in electronics and industrial applications can support operating scale and reinforce customer relationships over the next several quarters.
Read all positive factors
Toyo Gosei Co., Ltd. (4970) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥90.96B
Dividend Yield0.35%
Average Volume (3M)57.46K
Price to Earnings (P/E)24.1
Beta (1Y)1.28
Revenue Growth16.43%
EPS Growth50.52%
CountryJP
Employees503
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)353.56
Shares Outstanding8,143,390
10 Day Avg. Volume36,350
30 Day Avg. Volume57,456
Financial Highlights & Ratios
PEG Ratio-1.65
Price to Book (P/B)2.89
Price to Sales (P/S)1.89
P/FCF Ratio21.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥19,766.67Price Target Upside56.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)526.54
Revenue Forecast (FY)¥49.31B
Toyo Gosei Co., Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Tokyo, Japan, Toyo Gosei Co., Ltd. has operated in the chemical sector since its establishment in 1954, initially as Nihon Acetylene Chemical Engineering Co., Ltd. before adopting its current name in 1961. The company primarily sp...
How the Company Makes Money
Toyo Gosei makes money primarily by manufacturing and selling specialty chemical products (functional materials) to business customers. A key revenue stream comes from supplying materials used in electronics manufacturing processes—particularly pr...
Toyo Gosei Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.50B | 41.96B | 38.66B | 31.96B | 34.16B | 33.14B |
| Gross Profit | 7.77B | 9.05B | 9.06B | 7.60B | 9.03B | 8.39B |
| EBITDA | 6.59B | 8.75B | 7.79B | 6.29B | 7.83B | 7.32B |
| Net Income | 2.81B | 2.69B | 3.28B | 2.40B | 3.83B | 3.46B |
Balance Sheet | ||||||
| Total Assets | 56.83B | 66.95B | 66.10B | 59.72B | 51.28B | 47.05B |
| Cash, Cash Equivalents and Short-Term Investments | 3.52B | 3.68B | 3.60B | 3.65B | 3.25B | 3.68B |
| Total Debt | 21.18B | 27.15B | 28.55B | 22.80B | 18.33B | 18.55B |
| Total Liabilities | 35.73B | 39.49B | 41.26B | 37.90B | 31.63B | 30.99B |
| Stockholders Equity | 21.10B | 27.45B | 24.83B | 21.82B | 19.64B | 16.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.73B | -4.12B | -3.02B | -29.69M | 2.39B |
| Operating Cash Flow | 0.00 | 7.49B | 6.79B | 4.57B | 3.66B | 5.81B |
| Investing Cash Flow | 0.00 | -4.87B | -11.97B | -7.59B | -3.27B | -3.42B |
| Financing Cash Flow | 0.00 | -2.55B | 5.19B | 3.60B | -406.16M | -2.56B |
Toyo Gosei Co., Ltd. Technical Analysis
Negative
12610.00
Price Trends
14270.60
Negative
14598.30
Negative
11490.23
Negative
Market Momentum
-732.10
Negative
39.11
Neutral
35.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4970, the sentiment is Negative. The current price of 12610 is above the 20-day moving average (MA) of 12469.50, below the 50-day MA of 14270.60, and above the 200-day MA of 11490.23, indicating a bearish trend. The MACD of -732.10 indicates Negative momentum. The RSI at 39.11 is Neutral, neither overbought nor oversold. The STOCH value of 35.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4970.
Toyo Gosei Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥197.17B | 15.18 | 6.41% | 3.82% | -1.20% | 29.04% | |
65 Neutral | ¥913.07B | 8.61 | 6.28% | 2.51% | -5.54% | 995.46% | |
60 Neutral | ¥559.06B | 68.58 | 0.44% | 2.91% | 2.93% | -46.99% | |
59 Neutral | ¥90.96B | 24.06 | ― | 0.67% | 16.43% | 50.52% | |
57 Neutral | ¥845.64B | 15.18 | 5.11% | 3.52% | -0.63% | 15.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ¥287.66B | 21.26 | 5.26% | 3.71% | -2.99% | ― |
* General Sector Average
JP:4970
Toyo Gosei Co., Ltd.
11,460.00
6,186.87
117.33%
JP:4061
Denka Co
3,338.00
1,158.44
53.15%
JP:3405
Kuraray Co
1,856.50
133.89
7.77%
JP:4005
Sumitomo Chemical Co
555.90
118.92
27.21%
JP:4045
Toagosei Co
1,852.00
376.66
25.53%
JP:4042
Tosoh
2,657.50
402.34
17.84%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.