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Togami Electric Mfg.Co., Ltd.
(6643)
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Rating:84Outperform
Price Target:
¥5,955.00
▲(30.88% Upside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by strong financial fundamentals—especially the very low leverage and improving profitability—supported by an attractive valuation (low P/E and solid dividend yield). Technical signals are also positive, with the stock trading above key moving averages and showing healthy momentum, while the main offsetting risk is weaker cash-flow conversion versus earnings.
Positive Factors
Revenue and Profitability Growth
Revenue growth accelerated to about 9.9% in 2026, while net margin rose from about 5.5% in 2022 to 8.7% in 2026. This combination indicates improving operating economics and gives the company more internally generated capacity to support investment and compete across its electrical-equipment markets.
Negative Factors
Weak Cash Conversion
The gap between reported earnings and cash generation can make available liquidity more volatile than profits suggest. Working-capital swings or investment needs may absorb cash, limiting internally funded growth and making cash returns less predictable even when net income remains positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Growth
Revenue growth accelerated to about 9.9% in 2026, while net margin rose from about 5.5% in 2022 to 8.7% in 2026. This combination indicates improving operating economics and gives the company more internally generated capacity to support investment and compete across its electrical-equipment markets.
Read all positive factors
Togami Electric Mfg.Co., Ltd. (6643) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥23.75B
Dividend Yield2.93%
Average Volume (3M)3.98K
Price to Earnings (P/E)8.4
Beta (1Y)0.78
Revenue Growth12.68%
EPS Growth31.19%
CountryJP
Employees1,105
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)608.91
Shares Outstanding4,711,858
10 Day Avg. Volume5,510
30 Day Avg. Volume3,983
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)1.08
Price to Sales (P/S)0.85
P/FCF Ratio16.19
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)N/A
Revenue Forecast (FY)N/A
Togami Electric Mfg.Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 1925 and headquartered in Saga, Japan, Togami Electric Mfg. Co., Ltd. operates as a global manufacturer and supplier of an extensive array of electrical and control systems. The company provides advanced tracing and measuring instru...
How the Company Makes Money
Togami Electric makes money primarily by selling electrical equipment it manufactures for use in power distribution and industrial electrical applications. Revenue is generated through (1) product sales of its electrical apparatus (typically recog...
Togami Electric Mfg.Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.51B | 30.75B | 27.65B | 26.73B | 24.81B | 23.58B |
| Gross Profit | 8.15B | 7.80B | 7.17B | 6.20B | 5.27B | 4.81B |
| EBITDA | 4.85B | 4.62B | 4.11B | 3.41B | 2.46B | 2.14B |
| Net Income | 2.87B | 2.68B | 2.39B | 2.09B | 1.43B | 1.29B |
Balance Sheet | ||||||
| Total Assets | 33.93B | 33.43B | 32.40B | 31.40B | 28.88B | 26.88B |
| Cash, Cash Equivalents and Short-Term Investments | 7.62B | 7.24B | 7.71B | 7.12B | 6.81B | 6.56B |
| Total Debt | 579.40M | 652.21M | 766.77M | 338.25M | 354.68M | 380.88M |
| Total Liabilities | 9.07B | 9.00B | 9.75B | 10.30B | 9.97B | 9.21B |
| Stockholders Equity | 24.57B | 24.15B | 22.40B | 20.88B | 18.73B | 17.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.61B | 1.00B | 745.22M | 808.54M | 1.06B |
| Operating Cash Flow | 0.00 | 2.42B | 2.81B | 2.15B | 1.50B | 1.80B |
| Investing Cash Flow | 0.00 | -1.23B | -1.62B | -1.54B | -874.74M | -1.52B |
| Financing Cash Flow | 0.00 | -1.73B | -705.97M | -438.44M | -423.68M | -453.46M |
Togami Electric Mfg.Co., Ltd. Technical Analysis
Negative
4550.00
Price Trends
5504.26
Negative
5391.73
Negative
5421.90
Negative
Market Momentum
-121.28
Positive
40.84
Neutral
48.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6643, the sentiment is Negative. The current price of 4550 is below the 20-day moving average (MA) of 5382.00, below the 50-day MA of 5504.26, and below the 200-day MA of 5421.90, indicating a bearish trend. The MACD of -121.28 indicates Positive momentum. The RSI at 40.84 is Neutral, neither overbought nor oversold. The STOCH value of 48.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6643.
Togami Electric Mfg.Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥23.75B | 8.41 | ― | 2.93% | 12.68% | 31.19% | |
79 Outperform | ¥11.58B | 9.88 | ― | 4.14% | -0.88% | -1.47% | |
79 Outperform | ¥98.18B | 8.83 | ― | 2.37% | 7.79% | 174.34% | |
75 Outperform | ¥115.72B | 6.23 | 12.49% | 4.86% | 40.52% | 147.61% | |
74 Outperform | ¥50.29B | 11.39 | ― | 1.58% | 15.89% | 2.08% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥53.06B | -19.82 | ― | 4.26% | 17.15% | -463.16% |
* Industrials Sector Average
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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.