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Topy Industries, Limited
(7231)
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Rating:71Outperform
Price Target:
¥3,337.00
▲(7.82% Upside)
Action:Upgraded
Date:08/17/26
The score is driven primarily by improving profitability and a healthier leverage profile, supported by strong technical positioning above key moving averages. The biggest risk factor is multi-year revenue contraction and uneven cash conversion, while the low P/E and high dividend yield provide meaningful valuation support.
Positive Factors
Improving Profitability
The substantial increase in net income and improved margins indicate better earnings capacity than in prior periods. If sustained, this provides greater resilience against cyclical demand and input-cost pressure, although profitability remains modest.
Negative Factors
Multi-Year Revenue Contraction
Persistent revenue contraction signals weaker volumes or demand across the company’s industrial and automotive customer base. Without a durable return to growth, fixed-cost absorption and operating leverage may remain constrained, limiting the sustainability of recent earnings improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The substantial increase in net income and improved margins indicate better earnings capacity than in prior periods. If sustained, this provides greater resilience against cyclical demand and input-cost pressure, although profitability remains modest.
Read all positive factors
Topy Industries, Limited (7231) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥70.95B
Dividend Yield4.24%
Average Volume (3M)53.60K
Price to Earnings (P/E)7.1
Beta (1Y)0.94
Revenue Growth1.87%
EPS Growth46.10%
CountryJP
Employees5,290
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)430.90
Shares Outstanding24,077,510
10 Day Avg. Volume46,530
30 Day Avg. Volume53,603
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.44
Price to Sales (P/S)0.21
P/FCF Ratio19.66
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)274.6
Revenue Forecast (FY)¥325.00B
Topy Industries, Limited Business Overview & Revenue Model
Company Description
Operating primarily in Japan, Topy Industries, Limited is a diversified manufacturer with interests spanning steel production, automotive parts, industrial machinery components, power generation, and various other sectors. Its extensive product po...
How the Company Makes Money
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Topy Industries, Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 303.76B | 297.75B | 300.61B | 333.99B | 334.50B | 271.18B |
| Gross Profit | 45.72B | 46.32B | 42.43B | 45.88B | 44.62B | 31.06B |
| EBITDA | 24.35B | 19.69B | 22.06B | 17.26B | 21.61B | 15.19B |
| Net Income | 9.34B | 10.15B | 6.39B | 4.68B | 6.32B | 386.00M |
Balance Sheet | ||||||
| Total Assets | 277.90B | 271.58B | 281.75B | 298.29B | 292.32B | 282.19B |
| Cash, Cash Equivalents and Short-Term Investments | 30.53B | 29.42B | 27.47B | 25.01B | 23.74B | 21.04B |
| Total Debt | 67.42B | 59.43B | 68.79B | 74.98B | 83.92B | 86.43B |
| Total Liabilities | 133.73B | 126.16B | 145.03B | 157.30B | 170.89B | 168.49B |
| Stockholders Equity | 142.68B | 143.97B | 135.28B | 139.68B | 120.27B | 112.66B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.22B | 7.49B | 12.98B | 6.47B | -14.01B |
| Operating Cash Flow | 0.00 | 13.13B | 15.39B | 22.32B | 15.06B | -5.53B |
| Investing Cash Flow | 0.00 | 1.64B | -1.97B | -9.40B | -8.36B | -2.61B |
| Financing Cash Flow | 0.00 | -13.68B | -10.83B | -12.58B | -4.68B | 3.53B |
Topy Industries, Limited Technical Analysis
Positive
3095.00
Price Trends
2872.68
Positive
2870.15
Positive
2963.98
Positive
Market Momentum
56.62
Negative
61.35
Neutral
68.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7231, the sentiment is Positive. The current price of 3095 is above the 20-day moving average (MA) of 2972.25, above the 50-day MA of 2872.68, and above the 200-day MA of 2963.98, indicating a bullish trend. The MACD of 56.62 indicates Negative momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 68.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7231.
Topy Industries, Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥226.42B | 15.79 | 7.38% | 5.39% | 0.38% | 30.22% | |
71 Outperform | ¥70.95B | 7.11 | ― | 3.66% | 1.87% | 46.10% | |
71 Outperform | ¥189.29B | 7.94 | 12.23% | 2.87% | 11.33% | 23.30% | |
69 Neutral | ¥700.30B | 20.18 | ― | 2.60% | 3.12% | -15.85% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥653.38B | 34.25 | 1.57% | 2.96% | 4.64% | 106.98% | |
50 Neutral | ¥210.49B | 147.13 | ― | 1.93% | 3.50% | -77.77% |
* Consumer Cyclical Sector Average
JP:7231
Topy Industries, Limited
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9.53%
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Topy Industries, Limited Corporate Events
Topy Industries Completes ¥1.28 Billion Treasury Stock Buyback
Aug 5, 2026
Topy Industries, Limited, a Japan-listed industrial manufacturer, operates on the Tokyo Stock Exchange Prime Market and Nagoya Stock Exchange Premier Market. The company aims to maintain a flexible capital structure to navigate changes in its mana...
Topy Industries Launches Targeted Share Buyback to Bolster Capital Policy
Aug 4, 2026
Topy Industries, Limited has moved to adjust its capital structure through a new share repurchase program authorized by its board of directors on August 4, 2026. The initiative reflects the company’s intent to manage shareholder equity more ...
Topy Industries Lifts First-Half Forecast but Keeps Full-Year Guidance Unchanged
Aug 4, 2026
Topy Industries has revised upward its consolidated earnings forecast for the second quarter of the fiscal year ending March 31, 2027, citing stronger-than-expected sales volumes of undercarriage parts for construction machinery and other componen...
Topy Industries Sales Rise as Profits Slump, Earnings Forecasts Cut
Aug 4, 2026
Topy Industries reported consolidated net sales of ¥77.2 billion for the quarter ended June 30, 2026, up 8.4% year-on-year, but suffered a sharp profit squeeze, with operating profit down 56.8% to ¥693 million and profit attributable to ...
Topy Industries Reaffirms Independence Despite Nippon Steel Stake
Jun 25, 2026
Topy Industries has clarified its relationship with Nippon Steel Corporation, which holds 23.0% of its voting rights and is classified as an “other affiliate” and equity-method associate. The company buys some raw materials from Nippon...
Topy Industries Lifts Annual Dividend to ¥130 Under Progressive Payout Policy
May 21, 2026
Topy Industries’ board has approved a year-end dividend of ¥90 per share for the fiscal year ended March 31, 2026, with a total payout of ¥1.97 billion funded from retained earnings. This brings the full-year dividend to ¥130 ...
Topy Industries to Overhaul Governance Structure With Audit and Supervisory Committee
May 21, 2026
Topy Industries plans to shift its governance structure from a company with an Audit Supervisory Board to a company with an Audit and Supervisory Committee, subject to shareholder approval at its 132nd Ordinary General Meeting on June 25, 2026. T...
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.