TOTO (5332) AI Stock Analysis

• Market Cap: $623.83B
• Dividend Yield: 2.55%
• Average Volume (3M): 683.91K
• Price to Earnings (P/E): 160.3
• Beta (1Y): 0.53
• Revenue Growth: -0.03%
• EPS Growth: -88.91%
• Country: JP
• Employees: 33,386
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 15.35
• Shares Outstanding: 166,358,400
• 10 Day Avg. Volume: 690,950
• 30 Day Avg. Volume: 683,906
• PEG Ratio: -0.81
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 24.62
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 0.76
• Enterprise Value/Gross Profit: 2.19
• Enterprise Value/Ebitda: 12.63
• 1Y Price Target: $4,527.81
• Price Target Upside: 15.33% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ¥4,141.00 ▲(5.48% Upside)

TOTO's overall stock score is primarily driven by its solid financial performance, despite challenges in profitability. Technical analysis shows mixed signals, with no strong momentum. The high P/E ratio suggests overvaluation, which impacts the overall score negatively. The absence of earnings call data and corporate events means these factors do not influence the score.

TOTO Business Overview & Revenue Model

Company Description

TOTO Ltd. is a leading Japanese manufacturer of bathroom fixtures and sanitary ware, specializing in innovative and high-quality products designed for residential and commercial use. The company operates primarily within the plumbing and sanitary ware sector, offering a diverse range of products including toilets, bidets, faucets, bathtubs, and washbasins. TOTO is renowned for its commitment to sustainability and technological advancement, focusing on water-saving technologies and smart bathroom solutions.

How the Company Makes Money

TOTO generates revenue through the sale of its extensive range of bathroom and kitchen products, with key revenue streams coming from the manufacturing and distribution of toilets, washlets, faucets, and other sanitary ware. The company also benefits from a strong presence in both domestic and international markets, with significant sales in North America, Europe, and Asia. Additionally, TOTO engages in strategic partnerships with construction firms, architects, and interior designers, which helps to secure large-scale contracts for commercial projects. The company's focus on innovation, such as the development of smart toilets and water-saving technologies, further enhances its market appeal and contributes to increased sales. Moreover, TOTO's commitment to sustainability and eco-friendly practices positions it favorably in a market that increasingly values environmentally responsible products.

TOTO Financial Statement Overview

Summary

TOTO demonstrates solid financial performance with consistent revenue growth and strong operational margins. The balance sheet is stable with a good equity base and manageable debt levels. While cash flow generation is strong, there is a need to address the declining net income and its impact on profitability metrics.

Income Statement

TOTO's income statement shows a steady revenue growth with a significant increase from 2024 to 2025. The gross profit margin remains healthy, indicating effective cost management. However, the net profit margin declined due to a substantial drop in net income, potentially indicating increased expenses or other financial pressures. EBIT and EBITDA margins remain solid, demonstrating operational efficiency.

Balance Sheet

The balance sheet reflects a strong equity position with a high equity ratio, showcasing financial stability. The debt-to-equity ratio is manageable, although there is a slight increase in total debt. Return on equity shows a decline, aligning with the decrease in net income. Overall, the company maintains a robust financial structure with ample assets to cover liabilities.

Cash Flow

Operating cash flow remains strong, indicating good cash generation from operations. The free cash flow has improved significantly year-over-year, reflecting better capital expenditure management. However, the free cash flow to net income ratio indicates potential challenges in converting profits into cash flow, which requires monitoring.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	725.69B	724.45B	702.28B	701.19B	645.27B	577.84B
Gross Profit	253.68B	254.07B	239.00B	242.97B	236.89B	212.50B
EBITDA	43.90B	59.67B	88.58B	80.53B	84.92B	64.14B
Net Income	9.73B	12.17B	37.20B	38.94B	40.13B	26.98B
Balance Sheet
Total Assets	770.44B	813.92B	790.25B	731.64B	641.02B	647.63B
Cash, Cash Equivalents and Short-Term Investments	92.59B	122.75B	103.55B	98.12B	90.54B	143.33B
Total Debt	24.65B	67.87B	67.89B	67.92B	38.04B	97.96B
Total Liabilities	262.41B	283.52B	279.70B	270.55B	227.66B	273.93B
Stockholders Equity	500.41B	522.28B	502.72B	453.80B	405.73B	367.03B
Cash Flow
Free Cash Flow	0.00	26.83B	18.17B	-4.75B	14.26B	15.82B
Operating Cash Flow	0.00	71.38B	76.31B	31.58B	49.36B	59.55B
Investing Cash Flow	0.00	-38.38B	-53.79B	-35.27B	-31.89B	-42.62B
Financing Cash Flow	0.00	-19.01B	-18.95B	8.78B	-75.77B	22.70B

TOTO Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3926.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5332, the sentiment is Positive. The current price of 3926 is below the 20-day moving average (MA) of 3955.00, below the 50-day MA of 3930.48, and above the 200-day MA of 3758.04, indicating a neutral trend. The MACD of 6.19 indicates Positive momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 33.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5332.

TOTO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5929	68 Neutral	$862.10B	14.61	18.61%	2.87%	2.90%	36.52%
5943	67 Neutral	¥88.00B	15.66	4.66%	3.54%	3.31%	―
5930	66 Neutral	€134.69B	11.62	12.39%	3.44%	4.00%	8.80%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5332	62 Neutral	$623.83B	160.31	0.83%	2.55%	-0.03%	-88.91%
7943	61 Neutral	¥99.70B	53.04	―	4.15%	1.05%	-76.91%
5938	49 Neutral	$496.45B	53.42	1.45%	5.26%	0.68%	―

TOTO Corporate Events

TOTO LTD. Completes Share Acquisition and Announces Cancellation

TOTO LTD. has completed the acquisition and cancellation of its own shares, as resolved by its Board of Directors. The company acquired a total of 5,312,900 shares for approximately 19.99 billion yen, and plans to cancel 10,622,900 shares by September 30, 2025. This strategic move is aimed at optimizing its capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4159.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO LTD. Announces Share Buyback Progress

TOTO LTD. announced the acquisition of 1,954,000 of its own shares for a total of 7,455,897,500 yen during July 2025. This move is part of a broader strategy approved by the Board of Directors to acquire up to 8,000,000 shares by the end of December 2025, aiming to optimize the company’s capital structure and potentially enhance shareholder value.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4400.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO Corporation Reports Mixed Quarterly Earnings

TOTO Corporation, a prominent player in the housing equipment industry, is recognized for its innovative bathroom and kitchen products, operating primarily in Japan and expanding globally. In its latest earnings report for the quarter ending June 30, 2025, TOTO Corporation reported a slight increase in net sales to 165.7 billion yen, representing a 0.8% year-on-year growth. However, the company faced challenges with a significant decline in operating profit by 16.3% and ordinary profit by 39.2%, attributed to increased costs and foreign exchange losses. Key financial metrics revealed a decrease in total assets to 770.4 billion yen, with net assets also declining to 508 billion yen. Despite these setbacks, TOTO maintained its annual dividend forecast, reflecting a stable outlook. Looking ahead, TOTO Corporation remains committed to its strategic goals, with management projecting a modest increase in net sales for the fiscal year ending March 2026, while focusing on enhancing operational efficiencies to improve profitability.

TOTO LTD. Reports First Quarter Results and Strategic Growth Initiatives

TOTO LTD. has announced its first quarter results for the fiscal year ending March 2026, highlighting its strategic focus on leveraging its expertise in the sanitary ware business to develop new ceramic products for semiconductor and flat panel display manufacturing equipment. This move is part of TOTO’s growth strategy, positioning itself as a key player in the international housing equipment market, and aiming to become indispensable in regions like the Americas and Asia. The announcement underscores TOTO’s commitment to innovation and market expansion, which could have significant implications for its operations and stakeholders.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4400.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.

TOTO Corporation Reports Mixed Financial Results for Q1 2025

TOTO Corporation reported its consolidated financial results for the three months ending June 30, 2025, showing a slight increase in net sales by 0.8% compared to the previous year. However, the company experienced a decline in operating profit by 16.3% and ordinary profit by 39.2%, indicating challenges in maintaining profitability. The financial outlook for the fiscal year ending March 31, 2026, projects a 4.0% increase in net sales with a modest rise in operating profit, suggesting cautious optimism for future performance.

The most recent analyst rating on (JP:5332) stock is a Hold with a Yen4400.00 price target. To see the full list of analyst forecasts on TOTO stock, see the JP:5332 Stock Forecast page.