JPX:8920

Tosho Co., Ltd. · JPX · Consumer Cyclical · JPY · FY for 2026

Figures on this page computed 2026-11-08 09:58 UTC

Last close

n/aJPY

Market data

We are not showing closes for this listing. A line drawn through points we do not hold would look exactly like a listing that did not move.

  • 7.1xP/E

    Price / Earnings per Share (diluted)

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
    • Computed from the filing for 2026
  • 14.2%ROIC

    NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • 12.9%Net margin

    Net Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • 18.8%FCF margin

    Free Cash Flow / Revenue x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • 0.48Debt/equity

    Total Debt / Shareholders' Equity

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • n/aDividend yield

    We do not hold this figure for this company, so there is nothing to place.

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed

A find tonight

The business including its debt costs 3.04 times the operating profit it filed, the free cash flow it filed is 20.3 percent of its market value, and earns 14.2 percent on the capital it has invested.

Value
73
Cheap
95
Sound
52
Unwatched
87

What stands out

  • Returns: earns 14.2 percent on the capital it has invested, which is better than 80 percent of the companies we rank in Tokyo Stock Exchange.
  • Price: the business including its debt costs 3.04 times the operating profit it filed, which is better than 99 percent of the companies we rank in Tokyo Stock Exchange.

What could make it a trap

  • None of the tests we hold fired against it: we checked Altman's Z, the five-year net margin trend, share count, Beneish's M, interest cover, debt to equity and the last year of price. That is the absence of a flag we look for and not a clean bill of health.

Why it is cheap

Except where said otherwise: Computed from the filing for 2026

  • Earnings yield13.9%

    Filed net income for the last annual period, over market value

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    JPY
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Free cash flow yield20.3%

    Filed operating cash flow less capital expenditure, over market value

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    JPY
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Price to book0.7x

    Market value over filed total equity

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    JPY
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • EV to EBIT multiple3.0x

    Market value plus filed net debt, over filed operating profit

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    JPY
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Cash and equivalents against market value81.3%

    Filed cash and equivalents, over market value

    Source
    computed
    Fiscal year
    2026
    Taken on
    2026-11-04
    Reported in
    JPY
    • Computed from the FY for 2026
    • Market data, 2026-11-04
  • Return on invested capital14.2%Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    JPY
  • Altman Z-Score2.24Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    JPY
  • Piotroski F-Score7.00Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    JPY
  • Earnings quality (Sloan accruals)1.06Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    JPY
  • Consecutive profitable filed years2Computed from the FY for 2026
    Source
    computed
    Statement
    income
    Fiscal year
    2026
    Reported in
    JPY

Last close: Market data, 2026-11-04

The filed years, as a table

10

Each line is 100 at 2017-03-31, the first year we hold.

Filed yearSalesProfitShares in issue
2017-03-31100.0100.0100.0
2018-03-31113.1101.1100.0
2019-03-31127.6108.0100.0
2020-03-31161.4155.8100.0
2021-03-3182.65.8100.0
2022-03-31128.065.1100.0
2023-03-31105.423.0100.0
2024-03-31144.9-59.8100.0
2025-03-31166.833.0100.0
2026-03-31129.395.297.4
How sales was got
Source
computed
Statement
income
Fiscal year
2026
Reported in
JPY
How profit was got
Source
computed
Statement
income
Fiscal year
2026
Reported in
JPY
How shares in issue was got
Source
computed
Statement
income
Fiscal year
2026
Reported in
JPY

Figures behind the shape

Growth

9.4%

faster is higher, placed against 4,950 companies as of 2026-11-07

  • Five-year revenue growth rate9.4%
    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
  • Five-year EPS growth rate75.6%
    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
  • One-year change in net income188.9%
    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed

Returns on capital

14.2%

higher is higher, placed against 5,089 companies as of 2026-11-07

  • Return on invested capital14.2%

    NOPAT / Invested Capital x 100, where NOPAT = Operating Income x (1 - Tax Rate) and Invested Capital = Equity + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Return on equity9.4%

    Net Income / Shareholders' Equity x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Return on assets4.9%

    Net Income / Total Assets x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026

Margins

33.3%

wider is higher, placed against 3,412 companies as of 2026-11-07

  • Gross margin33.3%

    Gross Profit / Revenue x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Operating margin27.1%

    Operating Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Net margin12.9%

    Net Income / Revenue x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Free cash flow margin18.8%

    Free Cash Flow / Revenue x 100

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026

Price

7.1x

cheaper is higher, placed against 4,362 companies as of 2026-11-07

  • Price to earnings7.1x

    Price / Earnings per Share (diluted)

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
    • Computed from the filing for 2026
  • Price to book0.7x

    Price / Book Value per Share, where BVPS = Shareholders' Equity / Diluted Shares

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
    • Computed from the filing for 2026
    • computed
    • Computed from the filing for 2026
  • EV to EBITDA2.3x

    Enterprise Value / EBITDA, where EV = Market Cap + Total Debt - Cash

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Price to sales ratio0.9x

    Market Cap / Revenue, where Market Cap = Price x Diluted Shares

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
    • Computed from the filing for 2026
    • Computed from the filing for 2026

Safety

0.48

safer is higher, placed against 3,227 companies as of 2026-11-07

  • Debt to equity0.48

    Total Debt / Shareholders' Equity

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Current ratio3.03

    Current Assets / Current Liabilities

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Interest coverage44.1x

    Operating Income / Interest Expense

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Altman Z-Score2.23

    1.2 x A + 1.4 x B + 3.3 x C + 0.6 x D + 1.0 x E (A=WC/TA, B=RE/TA, C=EBIT/TA, D=MktCap/TL, E=Rev/TA)

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026

What it pays out

8.5%

more, and better covered, is higher, placed against 1,091 companies as of 2026-11-07

  • Dividend yieldn/a

    We do not hold this figure for this company, so there is nothing to place.

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed
  • Payout ratio8.5%

    Common Dividends Paid / Net Income x 100, both from the latest filed fiscal year

    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • Computed from the filing for 2026
    • Computed from the filing for 2026
    • Computed from the filing for 2026
  • Dividend cover ratio17.1x
    Source
    computed
    Taken on
    2026-11-08
    Reported in
    JPY
    • computed

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