Tomoe Corporation

TSE:1921 Stock Report

Market Cap: JP¥60.4b

Tomoe Past Earnings Performance

Past criteria checks 1/6

Tomoe has been growing earnings at an average annual rate of 30.9%, while the Construction industry saw earnings growing at 11.6% annually. Revenues have been growing at an average rate of 6% per year. Tomoe's return on equity is 8.4%, and it has net margins of 17.8%.

Key information

30.86%

Earnings growth rate

31.31%

EPS growth rate

Construction Industry Growth0.80%
Revenue growth rate6.04%
Return on equity8.45%
Net Margin17.82%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article • May 21

Tomoe's (TSE:1921) Problems Go Beyond Weak Profit

The market wasn't impressed with the soft earnings from Tomoe Corporation ( TSE:1921 ) recently. Our analysis has found...

Recent updates

Analysis Article • May 21

Tomoe's (TSE:1921) Problems Go Beyond Weak Profit

The market wasn't impressed with the soft earnings from Tomoe Corporation ( TSE:1921 ) recently. Our analysis has found...
Analysis Article • Feb 04

Returns On Capital Signal Tricky Times Ahead For Tomoe (TSE:1921)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Nov 07

Tomoe Corporation (TSE:1921) Soars 27% But It's A Story Of Risk Vs Reward

Tomoe Corporation ( TSE:1921 ) shareholders have had their patience rewarded with a 27% share price jump in the last...
Analysis Article • Oct 27

Does Tomoe (TSE:1921) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • May 26

There May Be Underlying Issues With The Quality Of Tomoe's (TSE:1921) Earnings

Last week's profit announcement from Tomoe Corporation ( TSE:1921 ) was underwhelming for investors, despite headline...
Analysis Article • May 04

Tomoe Corporation (TSE:1921) Soars 26% But It's A Story Of Risk Vs Reward

Tomoe Corporation ( TSE:1921 ) shareholders have had their patience rewarded with a 26% share price jump in the last...
Analysis Article • Apr 15

Is Tomoe (TSE:1921) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Feb 06

Investors Still Aren't Entirely Convinced By Tomoe Corporation's (TSE:1921) Earnings Despite 27% Price Jump

Despite an already strong run, Tomoe Corporation ( TSE:1921 ) shares have been powering on, with a gain of 27% in the...
Analysis Article • Jan 23

Returns On Capital At Tomoe (TSE:1921) Paint A Concerning Picture

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • Nov 25

Concerns Surrounding Tomoe's (TSE:1921) Performance

Following the solid earnings report from Tomoe Corporation ( TSE:1921 ), the market responded by bidding up the stock...
Analysis Article • Nov 19

Risks To Shareholder Returns Are Elevated At These Prices For Tomoe Corporation (TSE:1921)

With a median price-to-earnings (or "P/E") ratio of close to 13x in Japan, you could be forgiven for feeling...
Analysis Article • Aug 06

Sentiment Still Eluding Tomoe Corporation (TSE:1921)

There wouldn't be many who think Tomoe Corporation's ( TSE:1921 ) price-to-earnings (or "P/E") ratio of 11x is worth a...
Analysis Article • Mar 26

Cautious Investors Not Rewarding Tomoe Corporation's (TSE:1921) Performance Completely

With a price-to-earnings (or "P/E") ratio of 9.3x Tomoe Corporation ( TSE:1921 ) may be sending bullish signals at the...

Revenue & Expenses Breakdown

How Tomoe makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:1921 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2634,9516,2272,7660
31 Dec 2529,0862,0612,7500
30 Sep 2530,6402,3042,7350
30 Jun 2533,86014,6782,7850
31 Mar 2534,67014,8492,7110
31 Dec 2434,49115,1312,5570
30 Sep 2433,49814,8532,4870
30 Jun 2432,8042,9992,3710
31 Mar 2433,3422,7822,3830
31 Dec 2336,1523,1672,3510
30 Sep 2338,8063,4422,2500
30 Jun 2337,5103,0862,2020
31 Mar 2335,9823,1752,1030
31 Dec 2230,9302,4512,0140
30 Sep 2227,1892,4261,9910
30 Jun 2226,0992,5681,9490
31 Mar 2225,3012,7561,9560
31 Dec 2128,6053,0691,9220
30 Sep 2125,3432,6231,9220
30 Jun 2124,0912,3681,9490
31 Mar 2123,2221,6791,9080
31 Dec 2029,1432,0821,9140
30 Sep 2030,6221,7511,8870
30 Jun 2034,5172,1481,8650
31 Mar 2031,6832,0221,8550
31 Dec 1927,2521,6991,8680
30 Sep 1931,8843,0381,8910
30 Jun 1929,2962,6221,8980
31 Mar 1932,5843,0861,9250
31 Dec 1832,4633,3021,9690
30 Sep 1833,0992,6141,9760
30 Jun 1834,8322,9501,9920
31 Mar 1833,3552,9241,9910
31 Dec 1732,8392,9031,9690
30 Sep 1725,7482,5941,9440
30 Jun 1728,7062,6931,9210
31 Mar 1727,5382,5331,9200
31 Dec 1626,2702,1931,8640
30 Sep 1630,6922,5671,8720
30 Jun 1625,9212,2741,9090
31 Mar 1628,7672,1161,8780
31 Dec 1528,5481,7781,9300
30 Sep 1523,6709081,8560
30 Jun 1523,1869681,7980

Quality Earnings: 1921 has a large one-off gain of ¥2.8B impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: 1921's current net profit margins (17.8%) are lower than last year (42.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 1921's earnings have grown significantly by 30.9% per year over the past 5 years.

Accelerating Growth: 1921's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1921 had negative earnings growth (-58.1%) over the past year, making it difficult to compare to the Construction industry average (25.4%).

Return on Equity

High ROE: 1921's Return on Equity (8.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/30 22:12
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tomoe Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.