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Toyota Tsusho
(8015)
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Rating:68Neutral
Price Target:
¥8,144.00
▲(7.87% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by solid financial performance (growth and improving margins plus a better leverage profile), partially offset by weaker/volatile free cash flow. Technicals add support because the stock trades above major moving averages, while valuation is only average given a P/E near 19 and a modest ~1.8% dividend yield.
Positive Factors
Revenue and Margin Growth
Sustained revenue growth alongside higher gross and net margins indicates improving commercial execution and earnings quality. If maintained, this combination can strengthen internal funding capacity, support reinvestment across business lines, and improve resilience through the next several quarters.
Negative Factors
Weak Free Cash Flow Conversion
The sharp decline in free cash flow and conversion of only about two-thirds of net income indicate that reported earnings are not translating consistently into cash. Persistent volatility could constrain dividends, investment and debt reduction, while making financial performance less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Growth
Sustained revenue growth alongside higher gross and net margins indicates improving commercial execution and earnings quality. If maintained, this combination can strengthen internal funding capacity, support reinvestment across business lines, and improve resilience through the next several quarters.
Read all positive factors
Toyota Tsusho (8015) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥6.68T
Dividend Yield1.74%
Average Volume (3M)2.00M
Price to Earnings (P/E)18.5
Beta (1Y)1.39
Revenue Growth21.00%
EPS Growth12.31%
CountryJP
Employees74,927
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)388.34
Shares Outstanding944,074,100
10 Day Avg. Volume2,214,140
30 Day Avg. Volume1,998,153
Financial Highlights & Ratios
PEG Ratio7.71
Price to Book (P/B)1.99
Price to Sales (P/S)0.54
P/FCF Ratio21.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥8,650.00Price Target Upside14.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)464.61
Revenue Forecast (FY)¥12.64T
Toyota Tsusho Business Overview & Revenue Model
Company Description
Toyota Tsusho Corporation, established in 1948 and headquartered in Nagoya, Japan, operates as a highly diversified global trading company. Its expansive portfolio encompasses a wide array of sectors, beginning with the metals domain, where it pro...
How the Company Makes Money
Toyota Tsusho primarily makes money by combining (1) trading and distribution margins, (2) service fees and logistics income, and (3) earnings from consolidated operating companies and equity-method investments across its business segments.
1) Tr...
Toyota Tsusho Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
73
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.54T | 11.56T | 10.19T | 9.85T | 8.03T | 6.31T |
| Gross Profit | 1.36T | 1.26T | 992.39B | 909.18B | 706.71B | 554.88B |
| EBITDA | 826.35B | 805.67B | 652.28B | 572.14B | 449.74B | 346.43B |
| Net Income | 407.43B | 370.52B | 331.44B | 284.16B | 222.24B | 134.60B |
Balance Sheet | ||||||
| Total Assets | 8.40T | 8.52T | 7.06T | 6.38T | 6.14T | 5.23T |
| Cash, Cash Equivalents and Short-Term Investments | 919.68B | 1.40T | 878.71B | 771.61B | 653.01B | 677.48B |
| Total Debt | 2.69T | 2.17T | 2.13T | 2.15T | 1.97T | 1.75T |
| Total Liabilities | 5.67T | 5.22T | 4.44T | 4.31T | 4.20T | 3.57T |
| Stockholders Equity | 2.59T | 3.16T | 2.47T | 1.91T | 1.74T | 1.47T |
Cash Flow | ||||||
| Free Cash Flow | 198.10B | 297.20B | 367.09B | 283.31B | -85.63B | 120.73B |
| Operating Cash Flow | 372.34B | 461.17B | 542.13B | 444.29B | 50.14B | 245.06B |
| Investing Cash Flow | -42.65B | -39.30B | -222.92B | -329.20B | -157.30B | -104.37B |
| Financing Cash Flow | -381.92B | -22.07B | -259.92B | -17.39B | 44.87B | 26.27B |
Toyota Tsusho Technical Analysis
Neutral
7550.00
Price Trends
7255.21
Negative
6786.33
Positive
6430.61
Positive
Market Momentum
-1.85
Positive
43.53
Neutral
43.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8015, the sentiment is Neutral. The current price of 7550 is above the 20-day moving average (MA) of 7333.84, above the 50-day MA of 7255.21, and above the 200-day MA of 6430.61, indicating a neutral trend. The MACD of -1.85 indicates Positive momentum. The RSI at 43.53 is Neutral, neither overbought nor oversold. The STOCH value of 43.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8015.
Toyota Tsusho Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥16.76T | 16.67 | 14.15% | 2.04% | 3.10% | -3.40% | |
70 Outperform | ¥8.04T | 13.18 | 13.18% | 2.34% | 2.61% | 3.34% | |
70 Neutral | ¥7.80T | 13.38 | 13.68% | 2.45% | 10.23% | 13.04% | |
68 Neutral | ¥6.68T | 18.50 | 14.06% | 1.74% | 21.00% | 12.31% | |
67 Neutral | ¥15.36T | 19.00 | 9.67% | 2.55% | 9.52% | 20.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥13.43T | 14.65 | 10.95% | 2.93% | 6.52% | 16.70% |
* Industrials Sector Average
JP:8015
Toyota Tsusho
7,121.00
2,891.92
68.38%
JP:8001
Itochu
2,155.00
522.87
32.04%
JP:8002
Marubeni
4,702.00
1,160.78
32.78%
JP:8031
Mitsui & Co
4,775.00
1,179.60
32.81%
JP:8058
Mitsubishi
4,596.00
1,156.42
33.62%
JP:8053
Sumitomo
1,708.00
636.05
59.34%
Toyota Tsusho Corporate Events
Toyota Tsusho First-Quarter Profit Surges, Full-Year Outlook Raised
Jul 31, 2026
Toyota Tsusho reported a sharp jump in first-quarter results for the three months to June 30, 2026, with revenue up 37.6% year-on-year to ¥3.57 trillion and operating profit climbing 45.6% to ¥184.4 billion. Profit attributable to owners...
Toyota Tsusho Lifts Full-Year Profit Forecast on Weak Yen and Strong Q1
Jul 31, 2026
Toyota Tsusho Corporation has raised its consolidated earnings forecast for the fiscal year ending March 31, 2027, signaling stronger-than-expected performance across its diversified trading and industrial operations. The move underscores the comp...
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.