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Toyo Tanso Co., Ltd.
(5310)
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Rating:67Neutral
Price Target:
¥7,378.00
▲(6.16% Upside)
Action:Reiterated
Date:09/09/26
The score is driven primarily by strong financial durability from a very conservative balance sheet, partially offset by the 2025 revenue/margin downshift and negative free cash flow. Technicals add caution due to weakening momentum and trading below key short/medium-term averages, while valuation remains a headwind given the high P/E despite a modest dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and a substantial equity base give Toyo Tanso financial flexibility to absorb demand volatility and continue investing without relying heavily on borrowing. That conservative funding structure can support resilience and preserve capital-allocation options over the next several quarters.
Negative Factors
Revenue contraction
The 2025 revenue decline indicates that demand or sales mix weakened rather than continuing the prior growth trajectory. If the contraction persists, it could reduce operating leverage, limit reinvestment capacity, and make earnings more dependent on recovery in semiconductor and other industrial end markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a substantial equity base give Toyo Tanso financial flexibility to absorb demand volatility and continue investing without relying heavily on borrowing. That conservative funding structure can support resilience and preserve capital-allocation options over the next several quarters.
Read all positive factors
Toyo Tanso Co., Ltd. (5310) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥152.05B
Dividend Yield2%
Average Volume (3M)88.23K
Price to Earnings (P/E)34.9
Beta (1Y)1.36
Revenue Growth-8.46%
EPS Growth-40.41%
CountryJP
Employees1,678
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)212.66
Shares Outstanding20,992,588
10 Day Avg. Volume94,050
30 Day Avg. Volume88,233
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)1.04
Price to Sales (P/S)2.19
P/FCF Ratio-17.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)244.75
Revenue Forecast (FY)¥49.88B
Toyo Tanso Co., Ltd. Business Overview & Revenue Model
Company Description
Toyo Tanso Co., Ltd., headquartered in Osaka, Japan, is a global producer and distributor of a wide range of carbon materials. Established in 1941 and originally known as Kondo Carbon Manufacturing Co., Ltd. until its renaming in November 1949, th...
How the Company Makes Money
Toyo Tanso makes money primarily by selling manufactured graphite materials and finished carbon/graphite components to industrial customers. Key revenue streams include: (1) materials sales—especially isotropic graphite blocks and other graphite m...
Toyo Tanso Co., Ltd. Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
92
Very Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.58B | 46.19B | 53.09B | 49.25B | 43.77B | 37.73B |
| Gross Profit | 13.54B | 15.73B | 21.49B | 17.72B | 14.43B | 12.38B |
| EBITDA | 10.19B | 11.10B | 17.50B | 13.71B | 9.81B | 9.11B |
| Net Income | 4.46B | 5.46B | 9.96B | 7.51B | 5.18B | 4.46B |
Balance Sheet | ||||||
| Total Assets | 119.59B | 117.92B | 113.19B | 96.61B | 89.43B | 83.66B |
| Cash, Cash Equivalents and Short-Term Investments | 15.66B | 15.26B | 18.50B | 18.13B | 18.44B | 18.36B |
| Total Debt | 5.33B | 5.67B | 495.00M | 474.00M | 671.00M | 199.00M |
| Total Liabilities | 21.97B | 20.36B | 18.98B | 12.09B | 12.23B | 11.40B |
| Stockholders Equity | 97.56B | 97.49B | 94.15B | 84.47B | 77.15B | 72.20B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.77B | 2.78B | 1.52B | 1.41B | 2.25B |
| Operating Cash Flow | 0.00 | 6.07B | 9.49B | 6.22B | 5.63B | 7.33B |
| Investing Cash Flow | 0.00 | -11.31B | -6.31B | -2.69B | -5.25B | -6.25B |
| Financing Cash Flow | 0.00 | 2.40B | -2.56B | -1.97B | -1.39B | -1.26B |
Toyo Tanso Co., Ltd. Technical Analysis
Positive
6950.00
Price Trends
6945.60
Positive
7172.50
Positive
6278.24
Positive
Market Momentum
73.94
Negative
61.33
Neutral
91.66
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5310, the sentiment is Positive. The current price of 6950 is below the 20-day moving average (MA) of 7000.00, above the 50-day MA of 6945.60, and above the 200-day MA of 6278.24, indicating a bullish trend. The MACD of 73.94 indicates Negative momentum. The RSI at 61.33 is Neutral, neither overbought nor oversold. The STOCH value of 91.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5310.
Toyo Tanso Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥127.08B | 6.85 | 12.49% | 3.88% | 40.52% | 147.61% | |
74 Outperform | ¥57.07B | 13.20 | ― | 1.21% | 15.89% | 2.08% | |
69 Neutral | ¥201.85B | 18.18 | ― | 1.93% | 16.79% | 100.39% | |
68 Neutral | ¥8.69T | 39.48 | 38.53% | 0.76% | 27.94% | 99.60% | |
67 Neutral | ¥152.05B | 34.89 | 4.63% | 2.00% | -8.46% | -40.41% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥56.39B | -22.48 | ― | 4.01% | 17.15% | -463.16% |
* Industrials Sector Average
JP:5310
Toyo Tanso Co., Ltd.
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Toyo Tanso Co., Ltd. Corporate Events
Toyo Tanso Profit Slides Sharply Despite Stable Sales, Keeps Full-Year Dividend Plan
Aug 21, 2026
Toyo Tanso reported consolidated net sales of ¥22.37 billion for the six months to June 30, 2026, down 2.7% year on year, with operating profit plunging 53.7% to ¥1.78 billion and profit attributable to owners of parent falling 37.4% to ...
Toyo Tanso Misses First-Half Profit Forecasts on Weaker Semiconductor Components Demand
Aug 7, 2026
Toyo Tanso reported that its consolidated results for the first half of the fiscal year ending December 31, 2026 fell short of its earlier forecasts, with operating profit, ordinary profit, and profit attributable to owners of the parent all below...
Toyo Tanso Profit Slides in First Half, Keeps 2026 Dividend and Sales Growth Forecast
Aug 7, 2026
Toyo Tanso reported consolidated net sales of ¥22.37 billion for the six months ended June 30, 2026, down 2.7% year on year, with operating profit plunging 53.7% to ¥1.78 billion and profit attributable to owners of parent falling 37.4% ...
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.