View ValuationTOA 향후 성장Future 기준 점검 0/6TOA 의 수익은 연간 1.7% 감소할 것으로 예상되는 반면, 연간 수익은 2.3% 로 증가할 것으로 예상됩니다. EPS는 연간 1.5% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.9% 로 예상됩니다.핵심 정보-1.7%이익 성장률-1.45%EPS 성장률Construction 이익 성장4.2%매출 성장률2.3%향후 자기자본이익률12.90%애널리스트 커버리지Low마지막 업데이트20 May 2026최근 향후 성장 업데이트공고 • Nov 11+ 1 more updateToa Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024TOA Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company reported net sales of JPY 260,000 million, Operating profit of JPY 12,200 million, Profit attributable to owners of parent of JPY 7,400 million and Basic earnings per share of JPY 356.15.모든 업데이트 보기Recent updatesDeclared Dividend • Jul 25Final dividend of JP¥38.50 announcedShareholders will receive a dividend of JP¥38.50. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.3% over the next 3 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range.공고 • Jun 04TOA Corporation to Report Q1, 2027 Results on Aug 04, 2026TOA Corporation announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 04, 2026분석 기사 • May 24TOA's (TSE:1885) Performance Is Even Better Than Its Earnings SuggestInvestors were underwhelmed by the solid earnings posted by TOA Corporation ( TSE:1885 ) recently. Our analysis says...공고 • May 13TOA Corporation, Annual General Meeting, Jun 26, 2026TOA Corporation, Annual General Meeting, Jun 26, 2026.Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥85.84 (vs JP¥63.66 in 3Q 2025)Third quarter 2026 results: EPS: JP¥85.84 (up from JP¥63.66 in 3Q 2025). Revenue: JP¥91.9b (up 2.0% from 3Q 2025). Net income: JP¥6.64b (up 31% from 3Q 2025). Profit margin: 7.2% (up from 5.6% in 3Q 2025). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥3,735, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Construction industry in Japan. Total returns to shareholders of 557% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,218 per share.New Risk • Jan 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.분석 기사 • Jan 14There's Reason For Concern Over TOA Corporation's (TSE:1885) Massive 26% Price JumpDespite an already strong run, TOA Corporation ( TSE:1885 ) shares have been powering on, with a gain of 26% in the...분석 기사 • Jan 06Returns Are Gaining Momentum At TOA (TSE:1885)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...공고 • Dec 13TOA Corporation to Report Q3, 2026 Results on Feb 06, 2026TOA Corporation announced that they will report Q3, 2026 results on Feb 06, 2026Declared Dividend • Dec 06First half dividend of JP¥39.00 announcedShareholders will receive a dividend of JP¥39.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.8%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Dec 04Is TOA (TSE:1885) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Nov 17Optimistic Investors Push TOA Corporation (TSE:1885) Shares Up 25% But Growth Is LackingThe TOA Corporation ( TSE:1885 ) share price has done very well over the last month, posting an excellent gain of 25...Buy Or Sell Opportunity • Nov 17Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to JP¥2,608. The fair value is estimated to be JP¥2,053, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to decline by 1.6% in the next 2 years.Reported Earnings • Nov 13Second quarter 2026 earnings released: EPS: JP¥54.05 (vs JP¥67.18 in 2Q 2025)Second quarter 2026 results: EPS: JP¥54.05 (down from JP¥67.18 in 2Q 2025). Revenue: JP¥81.4b (flat on 2Q 2025). Net income: JP¥4.22b (down 21% from 2Q 2025). Profit margin: 5.2% (down from 6.5% in 2Q 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Oct 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change).Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,543, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Construction industry in Japan. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,756 per share.Buy Or Sell Opportunity • Oct 22Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to JP¥2,238. The fair value is estimated to be JP¥1,746, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.3% in 2 years. Earnings are forecast to decline by 8.9% in the next 2 years.Buy Or Sell Opportunity • Oct 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to JP¥2,088. The fair value is estimated to be JP¥1,735, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.3% in 2 years. Earnings are forecast to decline by 8.9% in the next 2 years.분석 기사 • Oct 03The Trend Of High Returns At TOA (TSE:1885) Has Us Very InterestedWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Buy Or Sell Opportunity • Sep 19Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 42% to JP¥2,150. The fair value is estimated to be JP¥1,754, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.3% in 2 years. Earnings are forecast to decline by 8.9% in the next 2 years.공고 • Sep 02TOA Corporation to Report Q2, 2026 Results on Nov 11, 2025TOA Corporation announced that they will report Q2, 2026 results on Nov 11, 2025Buy Or Sell Opportunity • Aug 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to JP¥2,109. The fair value is estimated to be JP¥1,729, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 0.9% in 2 years. Earnings are forecast to decline by 9.1% in the next 2 years.Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥43.58 (vs JP¥42.03 in 1Q 2025)First quarter 2026 results: EPS: JP¥43.58 (up from JP¥42.03 in 1Q 2025). Revenue: JP¥83.5b (up 11% from 1Q 2025). Net income: JP¥3.45b (up 3.4% from 1Q 2025). Profit margin: 4.1% (down from 4.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Jul 26TOA Corporation (TSE:1885) Stock Catapults 26% Though Its Price And Business Still Lag The MarketDespite an already strong run, TOA Corporation ( TSE:1885 ) shares have been powering on, with a gain of 26% in the...Reported Earnings • Jul 01Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥188 (up from JP¥128 in FY 2024). Revenue: JP¥330.5b (up 16% from FY 2024). Net income: JP¥14.9b (up 42% from FY 2024). Profit margin: 4.5% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 37% per year.공고 • Jun 10TOA Corporation to Report Q1, 2026 Results on Aug 08, 2025TOA Corporation announced that they will report Q1, 2026 results on Aug 08, 2025분석 기사 • May 20TOA's (TSE:1885) Promising Earnings May Rest On Soft FoundationsDespite posting some strong earnings, the market for TOA Corporation's ( TSE:1885 ) stock hasn't moved much. Our...공고 • May 16TOA Corporation (TSE:1885) announces an Equity Buyback for 4,200,000 shares, representing 5.29% for ¥4,000 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 4,200,000 shares, representing 5.29% of its issued share capital, for ¥ 4000 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency. The program is valid until November 30, 2025. As of March 31, 2025, the company had 79,352,476 outstanding shares (excluding treasury shares) and 8,626,040 treasury shares.Reported Earnings • May 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥188 (up from JP¥128 in FY 2024). Revenue: JP¥330.5b (up 16% from FY 2024). Net income: JP¥14.9b (up 42% from FY 2024). Profit margin: 4.5% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 31% per year.공고 • May 13TOA Corporation, Annual General Meeting, Jun 27, 2025TOA Corporation, Annual General Meeting, Jun 27, 2025.분석 기사 • May 07TOA Corporation (TSE:1885) Shares Fly 30% But Investors Aren't Buying For GrowthTOA Corporation ( TSE:1885 ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,102, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 75% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥71.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%).Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,399, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 131% over the past three years.Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥63.66 (vs JP¥47.47 in 3Q 2024)Third quarter 2025 results: EPS: JP¥63.66 (up from JP¥47.47 in 3Q 2024). Revenue: JP¥90.1b (up 18% from 3Q 2024). Net income: JP¥5.05b (up 32% from 3Q 2024). Profit margin: 5.6% (up from 5.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.공고 • Feb 07+ 1 more updateTOA Corporation Revises Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2025TOA Corporation previously announced the year-end dividend forecast for the fiscal year ending March 31, 2025 to be ¥54.00 per share. However, taking into comprehensive consideration the current financial results forecast, financial status and other factors, the Company have revised the dividend forecast to ¥71.00 per share, a ¥17.00 increase from the previous forecast, based on the above policy.Declared Dividend • Jan 06Dividend of JP¥54.00 announcedShareholders will receive a dividend of JP¥54.00. Ex-date: 28th March 2025 Payment date: 28th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.분석 기사 • Dec 03TOA Corporation (TSE:1885) Shares Fly 25% But Investors Aren't Buying For GrowthDespite an already strong run, TOA Corporation ( TSE:1885 ) shares have been powering on, with a gain of 25% in the...New Risk • Nov 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change).Reported Earnings • Nov 13Second quarter 2025 earnings released: EPS: JP¥67.18 (vs JP¥19.92 in 2Q 2024)Second quarter 2025 results: EPS: JP¥67.18 (up from JP¥19.92 in 2Q 2024). Revenue: JP¥81.4b (up 20% from 2Q 2024). Net income: JP¥5.33b (up 221% from 2Q 2024). Profit margin: 6.5% (up from 2.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,125, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 97% over the past three years.공고 • Aug 27TOA Corporation to Report Q2, 2025 Results on Nov 11, 2024TOA Corporation announced that they will report Q2, 2025 results on Nov 11, 2024Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: JP¥16.86 (vs JP¥33.06 in 1Q 2024)First quarter 2025 results: EPS: JP¥16.86 (down from JP¥33.06 in 1Q 2024). Revenue: JP¥68.4b (up 9.4% from 1Q 2024). Net income: JP¥1.34b (down 53% from 1Q 2024). Profit margin: 2.0% (down from 4.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Aug 06Now 26% overvaluedOver the last 90 days, the stock has fallen 12% to JP¥915. The fair value is estimated to be JP¥728, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥799, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 50% over the past three years.분석 기사 • May 22We Think TOA's (TSE:1885) Robust Earnings Are ConservativeInvestors were underwhelmed by the solid earnings posted by TOA Corporation ( TSE:1885 ) recently. Our analysis says...Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥511 (up from JP¥56.14 in FY 2023). Revenue: JP¥283.9b (up 33% from FY 2023). Net income: JP¥10.5b (up 118% from FY 2023). Profit margin: 3.7% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공고 • May 15TOA Corporation, Annual General Meeting, Jun 27, 2024TOA Corporation, Annual General Meeting, Jun 27, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥150 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%).분석 기사 • Mar 20TOA (TSE:1885) Is Increasing Its Dividend To ¥150.00TOA Corporation's ( TSE:1885 ) dividend will be increasing from last year's payment of the same period to ¥150.00 on...분석 기사 • Mar 02TOA's (TSE:1885) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of TOA Corporation ( TSE:1885 ) has announced that it will be paying its dividend of ¥150.00 on the 1st of...공고 • Mar 02TOA Corporation to Report Fiscal Year 2024 Results on May 02, 2024TOA Corporation announced that they will report fiscal year 2024 results on May 02, 2024분석 기사 • Feb 26TOA Corporation (TSE:1885) Stock Catapults 36% Though Its Price And Business Still Lag The MarketThe TOA Corporation ( TSE:1885 ) share price has done very well over the last month, posting an excellent gain of 36...Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥190 (vs JP¥68.63 in 3Q 2023)Third quarter 2024 results: EPS: JP¥190 (up from JP¥68.63 in 3Q 2023). Revenue: JP¥76.4b (up 41% from 3Q 2023). Net income: JP¥3.84b (up 158% from 3Q 2023). Profit margin: 5.0% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥4,500, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 135% over the past three years.공고 • Nov 30TOA Corporation to Report Q3, 2024 Results on Feb 08, 2024TOA Corporation announced that they will report Q3, 2024 results on Feb 08, 2024Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥79.66 (vs JP¥4.36 loss in 2Q 2023)Second quarter 2024 results: EPS: JP¥79.66 (up from JP¥4.36 loss in 2Q 2023). Revenue: JP¥67.6b (up 44% from 2Q 2023). Net income: JP¥1.66b (up JP¥1.75b from 2Q 2023). Profit margin: 2.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.공고 • Nov 11+ 1 more updateToa Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024TOA Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company reported net sales of JPY 260,000 million, Operating profit of JPY 12,200 million, Profit attributable to owners of parent of JPY 7,400 million and Basic earnings per share of JPY 356.15.공고 • Aug 30TOA Corporation to Report Q2, 2024 Results on Nov 10, 2023TOA Corporation announced that they will report Q2, 2024 results on Nov 10, 2023New Risk • Aug 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change).Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥132 (vs JP¥29.01 in 1Q 2023)First quarter 2024 results: EPS: JP¥132 (up from JP¥29.01 in 1Q 2023). Revenue: JP¥62.6b (up 33% from 1Q 2023). Net income: JP¥2.84b (up 358% from 1Q 2023). Profit margin: 4.5% (up from 1.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.공고 • May 31TOA Corporation to Report Q1, 2024 Results on Aug 09, 2023TOA Corporation announced that they will report Q1, 2024 results on Aug 09, 2023Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥225 (vs JP¥383 in FY 2022)Full year 2023 results: EPS: JP¥225 (down from JP¥383 in FY 2022). Revenue: JP¥213.6b (down 2.8% from FY 2022). Net income: JP¥4.84b (down 35% from FY 2022). Profit margin: 2.3% (down from 3.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.공고 • May 13+ 3 more updatesTOA Corporation, Annual General Meeting, Jun 29, 2023TOA Corporation, Annual General Meeting, Jun 29, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%).Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥68.63 (vs JP¥78.61 in 3Q 2022)Third quarter 2023 results: EPS: JP¥68.63 (down from JP¥78.61 in 3Q 2022). Revenue: JP¥54.3b (flat on 3Q 2022). Net income: JP¥1.49b (down 1.3% from 3Q 2022). Profit margin: 2.7% (down from 2.8% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.공고 • Feb 09TOA Corporation (TSE:1885) announces an Equity Buyback for 1,200,000 shares, representing 5.52% for ¥2,000 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 5.52% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will expire on August 31, 2023. As of January 31, 2023, the company had 21,738,534 issued shares (excluding treasury stock) and 756,095 treasury shares.공고 • Feb 08+ 1 more updateTOA Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend guidance of JPY 90.00 per share for the fiscal year ending March 31, 2023, compare to JPY 90.00 per share a year ago.공고 • Nov 27TOA Corporation to Report Q3, 2023 Results on Feb 08, 2023TOA Corporation announced that they will report Q3, 2023 results on Feb 08, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: JP¥4.36 loss per share (vs JP¥128 profit in 2Q 2022)Second quarter 2023 results: JP¥4.36 loss per share (down from JP¥128 profit in 2Q 2022). Revenue: JP¥47.0b (down 14% from 2Q 2022). Net loss: JP¥93.0m (down 104% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Shiro Kuniya was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Nov 12Second quarter 2023 earnings released: JP¥4.36 loss per share (vs JP¥128 profit in 2Q 2022)Second quarter 2023 results: JP¥4.36 loss per share (down from JP¥128 profit in 2Q 2022). Revenue: JP¥47.0b (down 14% from 2Q 2022). Net loss: JP¥93.0m (down 104% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year.공고 • Nov 11+ 1 more updateTOA Corporation Provides Dividend Forecast for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend guidance of JPY 90.00 per share for the fiscal year ending March 31, 2023, compare to JPY 90.00 per share a year ago.공고 • Nov 03TOA Corporation (TSE:1885) announces an Equity Buyback for 400,000 shares, for ¥313.2 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.23% of its issued share capital (excluding treasury stock), for a total purchase price of ¥313.2 million. The shares will be repurchased at a price of ¥783 per share. The purpose of the program is to flexibly respond to changes in the business environment and implement a capital policy that will lead to increased shareholder value. As of September 30, 2022, the company had 32,566,133 issued shares (excluding treasury stock) and 1,970,502 treasury shares.공고 • Sep 02TOA Corporation to Report Q2, 2023 Results on Nov 10, 2022TOA Corporation announced that they will report Q2, 2023 results on Nov 10, 2022Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥29.01 (vs JP¥59.82 in 1Q 2022)First quarter 2023 results: EPS: JP¥29.01 (down from JP¥59.82 in 1Q 2022). Revenue: JP¥47.1b (down 7.4% from 1Q 2022). Net income: JP¥620.0m (down 45% from 1Q 2022). Profit margin: 1.3% (down from 2.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.공고 • Aug 06+ 1 more updateTOA Corporation Provides Dividend Forecast for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend forecast of JPY 90.00 for the fiscal year ending march 31, 2023.공고 • Jun 05TOA Corporation to Report Q1, 2023 Results on Aug 05, 2022TOA Corporation announced that they will report Q1, 2023 results on Aug 05, 2022Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥383 (vs JP¥351 in FY 2021)Full year 2022 results: EPS: JP¥383 (up from JP¥351 in FY 2021). Revenue: JP¥219.8b (up 16% from FY 2021). Net income: JP¥7.39b (up 7.7% from FY 2021). Profit margin: 3.4% (down from 3.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Buying Opportunity • May 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.0%. The fair value is estimated to be JP¥3,291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 31%.공고 • May 14+ 1 more updateToa Corporation Provides Dividend Forecast for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend forecast of JPY 90.00 for the fiscal year ending march 31, 2023.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Shiro Kuniya was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Apr 08TOA Corporation to Report Fiscal Year 2022 Results on May 02, 2022TOA Corporation announced that they will report fiscal year 2022 results on May 02, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%).공고 • Feb 09TOA Corporation (TSE:1885) announces an Equity Buyback for 1,200,000 shares, representing 6.2% for ¥2,000 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 6.2% for ¥2,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until August 31, 2022. As of January 31, 2022, the company had 19,345,563 shares outstanding and 3,149,066 shares in treasury.Reported Earnings • Feb 09Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥78.60 (down from JP¥103 in 3Q 2021). Revenue: JP¥54.2b (up 7.8% from 3Q 2021). Net income: JP¥1.51b (down 25% from 3Q 2021). Profit margin: 2.8% (down from 4.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.이익 및 매출 성장 예측TSE:1885 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029386,00018,800N/A20,30013/31/2028367,20017,20010,50019,00023/31/2027353,20016,35015,30019,61323/31/2026358,69719,36144,29048,006N/A12/31/2025347,24117,492N/AN/AN/A9/30/2025345,48215,90612,49214,407N/A6/30/2025345,49617,019N/AN/AN/A3/31/2025330,47214,908-16,058-14,255N/A12/31/2024317,25113,897N/AN/AN/A9/30/2024303,48612,68712,86914,991N/A6/30/2024289,7149,016N/AN/AN/A3/31/2024283,85210,51736,27339,350N/A12/31/2023271,71311,159N/AN/AN/A9/30/2023249,6138,805-12,391-8,004N/A6/30/2023228,9987,053N/AN/AN/A3/31/2023213,5694,835-17,490-13,947N/A12/31/2022208,1974,357N/AN/AN/A9/30/2022208,1374,376-6,157-3,046N/A6/30/2022216,0646,873N/AN/AN/A3/31/2022219,8147,385-5,351-2,671N/A12/31/2021216,8287,441N/AN/AN/A9/30/2021212,8917,9522,5057,840N/A6/30/2021203,3147,129N/AN/AN/A3/31/2021189,7126,859-4,4871,471N/A12/31/2020189,4775,448N/AN/AN/A9/30/2020189,0415,4487,65510,802N/A6/30/2020188,9435,323N/AN/AN/A3/31/2020190,2785,0077,69911,496N/A12/31/2019189,3814,902N/AN/AN/A9/30/2019186,3654,560N/A-8,537N/A6/30/2019177,4233,042N/AN/AN/A3/31/2019173,6923,072N/A-2,347N/A12/31/2018166,0601,383N/AN/AN/A9/30/2018157,958369N/A-2,314N/A6/30/2018160,1711,646N/AN/AN/A3/31/2018161,0451,750N/A9,928N/A12/31/2017161,822-8,597N/AN/AN/A9/30/2017163,544-7,510N/A10,049N/A6/30/2017162,662-8,227N/AN/AN/A3/31/2017167,200-7,438N/A-8,769N/A12/31/2016168,3994,100N/AN/AN/A9/30/2016179,4174,017N/A-9,046N/A6/30/2016194,9316,133N/AN/AN/A3/31/2016200,2826,038N/A19,850N/A12/31/2015220,7666,765N/AN/AN/A9/30/2015216,5716,364N/A15,405N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1885 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -1.7%).수익 vs 시장: 1885 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -1.7%).고성장 수익: 1885 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 1885 의 수익(연간 2.3%)이 JP 시장(연간 6.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 1885 의 수익(연간 2.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1885의 자본 수익률은 3년 후 12.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/30 20:08종가2026/07/30 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TOA Corporation는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yoko MizoguchiIchiyoshi Research Institute Inc.Yoshihiro NakagawaMizuho Securities Co., Ltd.
공고 • Nov 11+ 1 more updateToa Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024TOA Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company reported net sales of JPY 260,000 million, Operating profit of JPY 12,200 million, Profit attributable to owners of parent of JPY 7,400 million and Basic earnings per share of JPY 356.15.
Declared Dividend • Jul 25Final dividend of JP¥38.50 announcedShareholders will receive a dividend of JP¥38.50. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 4.3% over the next 3 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range.
공고 • Jun 04TOA Corporation to Report Q1, 2027 Results on Aug 04, 2026TOA Corporation announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 04, 2026
분석 기사 • May 24TOA's (TSE:1885) Performance Is Even Better Than Its Earnings SuggestInvestors were underwhelmed by the solid earnings posted by TOA Corporation ( TSE:1885 ) recently. Our analysis says...
공고 • May 13TOA Corporation, Annual General Meeting, Jun 26, 2026TOA Corporation, Annual General Meeting, Jun 26, 2026.
Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥85.84 (vs JP¥63.66 in 3Q 2025)Third quarter 2026 results: EPS: JP¥85.84 (up from JP¥63.66 in 3Q 2025). Revenue: JP¥91.9b (up 2.0% from 3Q 2025). Net income: JP¥6.64b (up 31% from 3Q 2025). Profit margin: 7.2% (up from 5.6% in 3Q 2025). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥3,735, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Construction industry in Japan. Total returns to shareholders of 557% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,218 per share.
New Risk • Jan 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
분석 기사 • Jan 14There's Reason For Concern Over TOA Corporation's (TSE:1885) Massive 26% Price JumpDespite an already strong run, TOA Corporation ( TSE:1885 ) shares have been powering on, with a gain of 26% in the...
분석 기사 • Jan 06Returns Are Gaining Momentum At TOA (TSE:1885)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
공고 • Dec 13TOA Corporation to Report Q3, 2026 Results on Feb 06, 2026TOA Corporation announced that they will report Q3, 2026 results on Feb 06, 2026
Declared Dividend • Dec 06First half dividend of JP¥39.00 announcedShareholders will receive a dividend of JP¥39.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.8%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Dec 04Is TOA (TSE:1885) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Nov 17Optimistic Investors Push TOA Corporation (TSE:1885) Shares Up 25% But Growth Is LackingThe TOA Corporation ( TSE:1885 ) share price has done very well over the last month, posting an excellent gain of 25...
Buy Or Sell Opportunity • Nov 17Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to JP¥2,608. The fair value is estimated to be JP¥2,053, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 2.3% in 2 years. Earnings are forecast to decline by 1.6% in the next 2 years.
Reported Earnings • Nov 13Second quarter 2026 earnings released: EPS: JP¥54.05 (vs JP¥67.18 in 2Q 2025)Second quarter 2026 results: EPS: JP¥54.05 (down from JP¥67.18 in 2Q 2025). Revenue: JP¥81.4b (flat on 2Q 2025). Net income: JP¥4.22b (down 21% from 2Q 2025). Profit margin: 5.2% (down from 6.5% in 2Q 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Oct 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change).
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,543, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Construction industry in Japan. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,756 per share.
Buy Or Sell Opportunity • Oct 22Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to JP¥2,238. The fair value is estimated to be JP¥1,746, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.3% in 2 years. Earnings are forecast to decline by 8.9% in the next 2 years.
Buy Or Sell Opportunity • Oct 06Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 27% to JP¥2,088. The fair value is estimated to be JP¥1,735, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.3% in 2 years. Earnings are forecast to decline by 8.9% in the next 2 years.
분석 기사 • Oct 03The Trend Of High Returns At TOA (TSE:1885) Has Us Very InterestedWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Buy Or Sell Opportunity • Sep 19Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 42% to JP¥2,150. The fair value is estimated to be JP¥1,754, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 1.3% in 2 years. Earnings are forecast to decline by 8.9% in the next 2 years.
공고 • Sep 02TOA Corporation to Report Q2, 2026 Results on Nov 11, 2025TOA Corporation announced that they will report Q2, 2026 results on Nov 11, 2025
Buy Or Sell Opportunity • Aug 13Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to JP¥2,109. The fair value is estimated to be JP¥1,729, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 0.9% in 2 years. Earnings are forecast to decline by 9.1% in the next 2 years.
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥43.58 (vs JP¥42.03 in 1Q 2025)First quarter 2026 results: EPS: JP¥43.58 (up from JP¥42.03 in 1Q 2025). Revenue: JP¥83.5b (up 11% from 1Q 2025). Net income: JP¥3.45b (up 3.4% from 1Q 2025). Profit margin: 4.1% (down from 4.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Jul 26TOA Corporation (TSE:1885) Stock Catapults 26% Though Its Price And Business Still Lag The MarketDespite an already strong run, TOA Corporation ( TSE:1885 ) shares have been powering on, with a gain of 26% in the...
Reported Earnings • Jul 01Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥188 (up from JP¥128 in FY 2024). Revenue: JP¥330.5b (up 16% from FY 2024). Net income: JP¥14.9b (up 42% from FY 2024). Profit margin: 4.5% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 37% per year.
공고 • Jun 10TOA Corporation to Report Q1, 2026 Results on Aug 08, 2025TOA Corporation announced that they will report Q1, 2026 results on Aug 08, 2025
분석 기사 • May 20TOA's (TSE:1885) Promising Earnings May Rest On Soft FoundationsDespite posting some strong earnings, the market for TOA Corporation's ( TSE:1885 ) stock hasn't moved much. Our...
공고 • May 16TOA Corporation (TSE:1885) announces an Equity Buyback for 4,200,000 shares, representing 5.29% for ¥4,000 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 4,200,000 shares, representing 5.29% of its issued share capital, for ¥ 4000 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency. The program is valid until November 30, 2025. As of March 31, 2025, the company had 79,352,476 outstanding shares (excluding treasury shares) and 8,626,040 treasury shares.
Reported Earnings • May 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥188 (up from JP¥128 in FY 2024). Revenue: JP¥330.5b (up 16% from FY 2024). Net income: JP¥14.9b (up 42% from FY 2024). Profit margin: 4.5% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 31% per year.
공고 • May 13TOA Corporation, Annual General Meeting, Jun 27, 2025TOA Corporation, Annual General Meeting, Jun 27, 2025.
분석 기사 • May 07TOA Corporation (TSE:1885) Shares Fly 30% But Investors Aren't Buying For GrowthTOA Corporation ( TSE:1885 ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,102, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 75% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥71.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%).
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,399, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 131% over the past three years.
Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥63.66 (vs JP¥47.47 in 3Q 2024)Third quarter 2025 results: EPS: JP¥63.66 (up from JP¥47.47 in 3Q 2024). Revenue: JP¥90.1b (up 18% from 3Q 2024). Net income: JP¥5.05b (up 32% from 3Q 2024). Profit margin: 5.6% (up from 5.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
공고 • Feb 07+ 1 more updateTOA Corporation Revises Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2025TOA Corporation previously announced the year-end dividend forecast for the fiscal year ending March 31, 2025 to be ¥54.00 per share. However, taking into comprehensive consideration the current financial results forecast, financial status and other factors, the Company have revised the dividend forecast to ¥71.00 per share, a ¥17.00 increase from the previous forecast, based on the above policy.
Declared Dividend • Jan 06Dividend of JP¥54.00 announcedShareholders will receive a dividend of JP¥54.00. Ex-date: 28th March 2025 Payment date: 28th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.
분석 기사 • Dec 03TOA Corporation (TSE:1885) Shares Fly 25% But Investors Aren't Buying For GrowthDespite an already strong run, TOA Corporation ( TSE:1885 ) shares have been powering on, with a gain of 25% in the...
New Risk • Nov 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change).
Reported Earnings • Nov 13Second quarter 2025 earnings released: EPS: JP¥67.18 (vs JP¥19.92 in 2Q 2024)Second quarter 2025 results: EPS: JP¥67.18 (up from JP¥19.92 in 2Q 2024). Revenue: JP¥81.4b (up 20% from 2Q 2024). Net income: JP¥5.33b (up 221% from 2Q 2024). Profit margin: 6.5% (up from 2.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,125, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 97% over the past three years.
공고 • Aug 27TOA Corporation to Report Q2, 2025 Results on Nov 11, 2024TOA Corporation announced that they will report Q2, 2025 results on Nov 11, 2024
Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: JP¥16.86 (vs JP¥33.06 in 1Q 2024)First quarter 2025 results: EPS: JP¥16.86 (down from JP¥33.06 in 1Q 2024). Revenue: JP¥68.4b (up 9.4% from 1Q 2024). Net income: JP¥1.34b (down 53% from 1Q 2024). Profit margin: 2.0% (down from 4.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Aug 06Now 26% overvaluedOver the last 90 days, the stock has fallen 12% to JP¥915. The fair value is estimated to be JP¥728, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 2.5% per annum over the same time period.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥799, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 50% over the past three years.
분석 기사 • May 22We Think TOA's (TSE:1885) Robust Earnings Are ConservativeInvestors were underwhelmed by the solid earnings posted by TOA Corporation ( TSE:1885 ) recently. Our analysis says...
Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥511 (up from JP¥56.14 in FY 2023). Revenue: JP¥283.9b (up 33% from FY 2023). Net income: JP¥10.5b (up 118% from FY 2023). Profit margin: 3.7% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공고 • May 15TOA Corporation, Annual General Meeting, Jun 27, 2024TOA Corporation, Annual General Meeting, Jun 27, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥150 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%).
분석 기사 • Mar 20TOA (TSE:1885) Is Increasing Its Dividend To ¥150.00TOA Corporation's ( TSE:1885 ) dividend will be increasing from last year's payment of the same period to ¥150.00 on...
분석 기사 • Mar 02TOA's (TSE:1885) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of TOA Corporation ( TSE:1885 ) has announced that it will be paying its dividend of ¥150.00 on the 1st of...
공고 • Mar 02TOA Corporation to Report Fiscal Year 2024 Results on May 02, 2024TOA Corporation announced that they will report fiscal year 2024 results on May 02, 2024
분석 기사 • Feb 26TOA Corporation (TSE:1885) Stock Catapults 36% Though Its Price And Business Still Lag The MarketThe TOA Corporation ( TSE:1885 ) share price has done very well over the last month, posting an excellent gain of 36...
Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥190 (vs JP¥68.63 in 3Q 2023)Third quarter 2024 results: EPS: JP¥190 (up from JP¥68.63 in 3Q 2023). Revenue: JP¥76.4b (up 41% from 3Q 2023). Net income: JP¥3.84b (up 158% from 3Q 2023). Profit margin: 5.0% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change).
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥4,500, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 135% over the past three years.
공고 • Nov 30TOA Corporation to Report Q3, 2024 Results on Feb 08, 2024TOA Corporation announced that they will report Q3, 2024 results on Feb 08, 2024
Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥79.66 (vs JP¥4.36 loss in 2Q 2023)Second quarter 2024 results: EPS: JP¥79.66 (up from JP¥4.36 loss in 2Q 2023). Revenue: JP¥67.6b (up 44% from 2Q 2023). Net income: JP¥1.66b (up JP¥1.75b from 2Q 2023). Profit margin: 2.5% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
공고 • Nov 11+ 1 more updateToa Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024TOA Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company reported net sales of JPY 260,000 million, Operating profit of JPY 12,200 million, Profit attributable to owners of parent of JPY 7,400 million and Basic earnings per share of JPY 356.15.
공고 • Aug 30TOA Corporation to Report Q2, 2024 Results on Nov 10, 2023TOA Corporation announced that they will report Q2, 2024 results on Nov 10, 2023
New Risk • Aug 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change).
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥132 (vs JP¥29.01 in 1Q 2023)First quarter 2024 results: EPS: JP¥132 (up from JP¥29.01 in 1Q 2023). Revenue: JP¥62.6b (up 33% from 1Q 2023). Net income: JP¥2.84b (up 358% from 1Q 2023). Profit margin: 4.5% (up from 1.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings.
공고 • May 31TOA Corporation to Report Q1, 2024 Results on Aug 09, 2023TOA Corporation announced that they will report Q1, 2024 results on Aug 09, 2023
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥225 (vs JP¥383 in FY 2022)Full year 2023 results: EPS: JP¥225 (down from JP¥383 in FY 2022). Revenue: JP¥213.6b (down 2.8% from FY 2022). Net income: JP¥4.84b (down 35% from FY 2022). Profit margin: 2.3% (down from 3.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
공고 • May 13+ 3 more updatesTOA Corporation, Annual General Meeting, Jun 29, 2023TOA Corporation, Annual General Meeting, Jun 29, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%).
Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥68.63 (vs JP¥78.61 in 3Q 2022)Third quarter 2023 results: EPS: JP¥68.63 (down from JP¥78.61 in 3Q 2022). Revenue: JP¥54.3b (flat on 3Q 2022). Net income: JP¥1.49b (down 1.3% from 3Q 2022). Profit margin: 2.7% (down from 2.8% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Feb 09TOA Corporation (TSE:1885) announces an Equity Buyback for 1,200,000 shares, representing 5.52% for ¥2,000 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 5.52% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will expire on August 31, 2023. As of January 31, 2023, the company had 21,738,534 issued shares (excluding treasury stock) and 756,095 treasury shares.
공고 • Feb 08+ 1 more updateTOA Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend guidance of JPY 90.00 per share for the fiscal year ending March 31, 2023, compare to JPY 90.00 per share a year ago.
공고 • Nov 27TOA Corporation to Report Q3, 2023 Results on Feb 08, 2023TOA Corporation announced that they will report Q3, 2023 results on Feb 08, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: JP¥4.36 loss per share (vs JP¥128 profit in 2Q 2022)Second quarter 2023 results: JP¥4.36 loss per share (down from JP¥128 profit in 2Q 2022). Revenue: JP¥47.0b (down 14% from 2Q 2022). Net loss: JP¥93.0m (down 104% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Shiro Kuniya was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Nov 12Second quarter 2023 earnings released: JP¥4.36 loss per share (vs JP¥128 profit in 2Q 2022)Second quarter 2023 results: JP¥4.36 loss per share (down from JP¥128 profit in 2Q 2022). Revenue: JP¥47.0b (down 14% from 2Q 2022). Net loss: JP¥93.0m (down 104% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year.
공고 • Nov 11+ 1 more updateTOA Corporation Provides Dividend Forecast for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend guidance of JPY 90.00 per share for the fiscal year ending March 31, 2023, compare to JPY 90.00 per share a year ago.
공고 • Nov 03TOA Corporation (TSE:1885) announces an Equity Buyback for 400,000 shares, for ¥313.2 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.23% of its issued share capital (excluding treasury stock), for a total purchase price of ¥313.2 million. The shares will be repurchased at a price of ¥783 per share. The purpose of the program is to flexibly respond to changes in the business environment and implement a capital policy that will lead to increased shareholder value. As of September 30, 2022, the company had 32,566,133 issued shares (excluding treasury stock) and 1,970,502 treasury shares.
공고 • Sep 02TOA Corporation to Report Q2, 2023 Results on Nov 10, 2022TOA Corporation announced that they will report Q2, 2023 results on Nov 10, 2022
Reported Earnings • Aug 07First quarter 2023 earnings released: EPS: JP¥29.01 (vs JP¥59.82 in 1Q 2022)First quarter 2023 results: EPS: JP¥29.01 (down from JP¥59.82 in 1Q 2022). Revenue: JP¥47.1b (down 7.4% from 1Q 2022). Net income: JP¥620.0m (down 45% from 1Q 2022). Profit margin: 1.3% (down from 2.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year.
공고 • Aug 06+ 1 more updateTOA Corporation Provides Dividend Forecast for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend forecast of JPY 90.00 for the fiscal year ending march 31, 2023.
공고 • Jun 05TOA Corporation to Report Q1, 2023 Results on Aug 05, 2022TOA Corporation announced that they will report Q1, 2023 results on Aug 05, 2022
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥383 (vs JP¥351 in FY 2021)Full year 2022 results: EPS: JP¥383 (up from JP¥351 in FY 2021). Revenue: JP¥219.8b (up 16% from FY 2021). Net income: JP¥7.39b (up 7.7% from FY 2021). Profit margin: 3.4% (down from 3.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • May 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 6.0%. The fair value is estimated to be JP¥3,291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 31%.
공고 • May 14+ 1 more updateToa Corporation Provides Dividend Forecast for the Fiscal Year Ending March 31, 2023TOA Corporation provided dividend forecast of JPY 90.00 for the fiscal year ending march 31, 2023.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Shiro Kuniya was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Apr 08TOA Corporation to Report Fiscal Year 2022 Results on May 02, 2022TOA Corporation announced that they will report fiscal year 2022 results on May 02, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%).
공고 • Feb 09TOA Corporation (TSE:1885) announces an Equity Buyback for 1,200,000 shares, representing 6.2% for ¥2,000 million.TOA Corporation (TSE:1885) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 6.2% for ¥2,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until August 31, 2022. As of January 31, 2022, the company had 19,345,563 shares outstanding and 3,149,066 shares in treasury.
Reported Earnings • Feb 09Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥78.60 (down from JP¥103 in 3Q 2021). Revenue: JP¥54.2b (up 7.8% from 3Q 2021). Net income: JP¥1.51b (down 25% from 3Q 2021). Profit margin: 2.8% (down from 4.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.