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Totech Corporation
(9960)
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Rating:72Outperform
Price Target:
¥4,812.00
▲(31.30% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial performance (profit growth and a low-leverage balance sheet), supported by reasonable valuation (moderate P/E and solid dividend yield). These positives are tempered by mixed cash-flow quality in 2026 and a weak-to-neutral technical backdrop (negative MACD and price below key moving averages).
Positive Factors
Multi-year revenue growth
The sustained revenue increase indicates expanding business activity over several years rather than reliance on a single strong period. Continued positive growth provides a durable base for operating profit, supports reinvestment, and suggests the company is retaining or expanding demand across its activities.
Negative Factors
Volatile cash conversion
The sharp year-over-year decline in operating and free cash flow makes earnings quality less consistent and increases sensitivity to working-capital or capital-spending demands. If this pattern persists, it could constrain internally funded growth and reduce flexibility for capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
The sustained revenue increase indicates expanding business activity over several years rather than reliance on a single strong period. Continued positive growth provides a durable base for operating profit, supports reinvestment, and suggests the company is retaining or expanding demand across its activities.
Read all positive factors
Totech Corporation (9960) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥183.22B
Dividend Yield3.11%
Average Volume (3M)76.75K
Price to Earnings (P/E)13.6
Beta (1Y)1.17
Revenue Growth6.33%
EPS Growth13.50%
CountryJP
Employees2,855
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)314.05
Shares Outstanding41,964,000
10 Day Avg. Volume75,839
30 Day Avg. Volume76,753
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)2.03
Price to Sales (P/S)0.88
P/FCF Ratio38.76
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)353.6
Revenue Forecast (FY)¥185.00B
Totech Corporation Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1955, Totech Corporation primarily operates within Japan, specializing in the provision of air conditioning and control system equipment. The company delivers comprehensive facility environment management solutions ...
How the Company Makes Money
A detailed, factual explanation of Totech Corporation (9960)'s revenue model and key revenue streams (e.g., primary sources of sales, customer types, contract structure, and any notable partnerships) could not be reliably determined from the infor...
Totech Corporation Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 170.54B | 170.01B | 155.96B | 140.73B | 126.70B | 110.12B |
| Gross Profit | 48.38B | 48.28B | 41.68B | 33.98B | 31.06B | 27.01B |
| EBITDA | 19.73B | 20.55B | 17.72B | 12.67B | 10.10B | 8.89B |
| Net Income | 12.92B | 13.13B | 11.19B | 7.00B | 5.23B | 4.72B |
Balance Sheet | ||||||
| Total Assets | 113.02B | 115.12B | 105.23B | 100.48B | 92.06B | 84.69B |
| Cash, Cash Equivalents and Short-Term Investments | 12.08B | 11.30B | 13.08B | 8.69B | 6.05B | 7.84B |
| Total Debt | 8.21B | 6.67B | 4.82B | 9.88B | 13.26B | 13.06B |
| Total Liabilities | 38.34B | 41.45B | 44.00B | 47.04B | 46.56B | 43.02B |
| Stockholders Equity | 74.67B | 73.67B | 61.23B | 53.44B | 45.49B | 41.67B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.86B | 12.61B | 8.53B | 454.00M | 9.41B |
| Operating Cash Flow | 0.00 | 9.59B | 13.88B | 9.94B | 4.76B | 11.01B |
| Investing Cash Flow | 0.00 | -8.51B | -1.10B | -437.00M | -5.03B | -5.13B |
| Financing Cash Flow | 0.00 | -4.97B | -8.41B | -6.02B | -2.65B | -3.30B |
Totech Corporation Technical Analysis
Positive
3665.00
Price Trends
3974.10
Positive
3942.20
Positive
3909.45
Positive
Market Momentum
124.71
Negative
67.73
Neutral
85.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9960, the sentiment is Positive. The current price of 3665 is below the 20-day moving average (MA) of 4092.50, below the 50-day MA of 3974.10, and below the 200-day MA of 3909.45, indicating a bullish trend. The MACD of 124.71 indicates Negative momentum. The RSI at 67.73 is Neutral, neither overbought nor oversold. The STOCH value of 85.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9960.
Totech Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥183.22B | 13.58 | ― | 3.08% | 6.33% | 13.50% | |
70 Outperform | ¥793.45B | 24.61 | 8.79% | 2.11% | 15.94% | 6.46% | |
70 Outperform | ¥67.42B | 17.94 | ― | 5.17% | 8.87% | -12.83% | |
64 Neutral | ¥34.66B | 19.99 | 1.96% | 2.32% | -5.29% | ― | |
59 Neutral | ¥176.98B | 22.87 | ― | 1.51% | 0.36% | 45.02% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ¥178.22B | 26.43 | 4.63% | 1.96% | 7.73% | -29.74% |
* General Sector Average
JP:9960
Totech Corporation
4,160.00
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36.41%
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2.48%
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Totech Corporation Corporate Events
Totech Posts Softer Quarterly Profits but Confirms Stable Dividend and Growth Outlook
Aug 19, 2026
Totech Corporation reported consolidated net sales of ¥36.7 billion for the three months ended June 30, 2026, a modest 1.5% increase year on year, while operating profit, ordinary profit, and profit attributable to owners of parent all declin...
Totech Hits Record Q1 Sales but Earnings Dip on Human-Capital Investments
Aug 7, 2026
Totech Corporation reported record-high first-quarter net sales of ¥36.6 billion for the fiscal year ending March 2027, with growth in both its Product Sales and Construction businesses fueled by robust demand from urban redevelopment, privat...
Totech Posts Softer Quarterly Profit but Confirms Dividend and Growth Outlook
Aug 7, 2026
Totech Corporation reported consolidated net sales of ¥36.69 billion for the three months ended June 30, 2026, a modest 1.5% increase year on year. Profitability weakened, with operating profit down 12.4% to ¥2.60 billion and profit attr...
Totech Completes Treasury Share Disposal for Executive Restricted Stock Pay
Jul 17, 2026
Totech Corporation has completed the payment procedures for the disposal of 4,400 shares of its treasury stock as part of a restricted stock compensation plan for three internal directors. The transaction, approved by the board in late June, was e...
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.