Market Closed -
Japan Exchange
02:00:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
3,637
JPY
|
+0.14%
|
|
+2.57%
|
-7.57%
|
Apr. 10 |
INDUSTRIAL-X Co., Ltd. announced that it has received ¥700 million in funding from Hiroshima Venture Capital Co., Ltd., QR Investment Co., Ltd., TOPPAN Holdings Inc., THK Co., Ltd., Shizuoka Capital Company Limited, Iyogin Capital Co. Ltd. other investors
|
CI
| Apr. 01 |
Tranche Update on TOPPAN Holdings Inc.'s Equity Buyback Plan announced on May 12, 2023.
|
CI
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
537,787
|
573,237
|
640,829
|
725,780
|
869,855
|
1,144,372
|
-
|
-
|
Enterprise Value (EV)
1 |
484,768
|
458,165
|
421,682
|
515,203
|
588,715
|
865,972
|
860,672
|
870,472
|
P/E ratio
|
13.1
x
|
6.34
x
|
7.88
x
|
5.93
x
|
14.4
x
|
17.3
x
|
15.9
x
|
14.9
x
|
Yield
|
2.39%
|
3.62%
|
2.14%
|
2.03%
|
1.73%
|
1.32%
|
1.46%
|
1.57%
|
Capitalization / Revenue
|
0.37
x
|
0.39
x
|
0.44
x
|
0.47
x
|
0.53
x
|
0.69
x
|
0.68
x
|
0.66
x
|
EV / Revenue
|
0.33
x
|
0.31
x
|
0.29
x
|
0.33
x
|
0.36
x
|
0.52
x
|
0.51
x
|
0.5
x
|
EV / EBITDA
|
4.58
x
|
3.74
x
|
3.46
x
|
3.74
x
|
3.99
x
|
5.88
x
|
5.06
x
|
4.58
x
|
EV / FCF
|
168
x
|
8.04
x
|
2.67
x
|
5.28
x
|
42.1
x
|
13.8
x
|
12.1
x
|
11.7
x
|
FCF Yield
|
0.6%
|
12.4%
|
37.5%
|
18.9%
|
2.37%
|
7.27%
|
8.24%
|
8.52%
|
Price to Book
|
0.46
x
|
0.48
x
|
0.48
x
|
0.53
x
|
0.66
x
|
0.85
x
|
0.83
x
|
0.81
x
|
Nbr of stocks (in thousands)
|
321,835
|
346,157
|
342,689
|
335,078
|
326,400
|
314,647
|
-
|
-
|
Reference price
2 |
1,671
|
1,656
|
1,870
|
2,166
|
2,665
|
3,637
|
3,637
|
3,637
|
Announcement Date
|
5/13/19
|
6/19/20
|
5/12/21
|
5/11/22
|
5/12/23
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,464,755
|
1,486,007
|
1,466,935
|
1,547,533
|
1,638,833
|
1,650,333
|
1,685,000
|
1,741,333
|
EBITDA
1 |
105,928
|
122,366
|
121,790
|
137,700
|
147,436
|
147,150
|
170,000
|
190,000
|
EBIT
1 |
45,743
|
66,413
|
58,789
|
73,505
|
76,636
|
70,267
|
88,000
|
105,000
|
Operating Margin
|
3.12%
|
4.47%
|
4.01%
|
4.75%
|
4.68%
|
4.26%
|
5.22%
|
6.03%
|
Earnings before Tax (EBT)
1 |
65,203
|
134,854
|
130,020
|
180,943
|
109,558
|
110,650
|
112,650
|
109,550
|
Net income
1 |
41,060
|
87,047
|
81,997
|
123,182
|
60,866
|
66,933
|
71,600
|
75,167
|
Net margin
|
2.8%
|
5.86%
|
5.59%
|
7.96%
|
3.71%
|
4.06%
|
4.25%
|
4.32%
|
EPS
2 |
127.6
|
261.1
|
237.2
|
365.2
|
185.1
|
210.0
|
228.7
|
244.0
|
Free Cash Flow
1 |
2,891
|
56,991
|
158,107
|
97,550
|
13,980
|
62,967
|
70,900
|
74,133
|
FCF margin
|
0.2%
|
3.84%
|
10.78%
|
6.3%
|
0.85%
|
3.82%
|
4.21%
|
4.26%
|
FCF Conversion (EBITDA)
|
2.73%
|
46.57%
|
129.82%
|
70.84%
|
9.48%
|
42.79%
|
41.71%
|
39.02%
|
FCF Conversion (Net income)
|
7.04%
|
65.47%
|
192.82%
|
79.19%
|
22.97%
|
94.07%
|
99.02%
|
98.63%
|
Dividend per Share
2 |
40.00
|
60.00
|
40.00
|
44.00
|
46.00
|
48.00
|
53.00
|
57.00
|
Announcement Date
|
5/13/19
|
6/19/20
|
5/12/21
|
5/11/22
|
5/12/23
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
712,621
|
-
|
686,012
|
-
|
376,040
|
719,027
|
390,092
|
438,414
|
-
|
391,046
|
411,211
|
802,257
|
411,371
|
425,205
|
387,734
|
412,541
|
800,275
|
415,533
|
434,193
|
389,500
|
412,000
|
429,300
|
446,200
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
16,262
|
-
|
15,135
|
-
|
15,763
|
24,093
|
20,316
|
29,096
|
-
|
13,818
|
14,809
|
28,627
|
21,165
|
26,844
|
9,981
|
15,380
|
25,361
|
14,366
|
30,273
|
13,700
|
16,800
|
22,300
|
38,200
|
Operating Margin
|
2.28%
|
-
|
2.21%
|
-
|
4.19%
|
3.35%
|
5.21%
|
6.64%
|
-
|
3.53%
|
3.6%
|
3.57%
|
5.14%
|
6.31%
|
2.57%
|
3.73%
|
3.17%
|
3.46%
|
6.97%
|
3.52%
|
4.08%
|
5.19%
|
8.56%
|
Earnings before Tax (EBT)
|
101,925
|
-
|
10,834
|
-
|
-
|
29,359
|
124,708
|
-
|
-
|
22,954
|
-
|
83,941
|
22,984
|
-
|
15,204
|
-
|
29,194
|
57,659
|
-
|
-
|
-
|
-
|
-
|
Net income
|
69,035
|
-
|
5,675
|
-
|
-
|
19,447
|
87,002
|
-
|
-
|
13,980
|
39,250
|
53,230
|
11,897
|
-4,261
|
9,651
|
-
|
18,061
|
39,700
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
9.69%
|
-
|
0.83%
|
-
|
-
|
2.7%
|
22.3%
|
-
|
-
|
3.58%
|
9.54%
|
6.64%
|
2.89%
|
-1%
|
2.49%
|
-
|
2.26%
|
9.55%
|
-
|
-
|
-
|
-
|
-
|
EPS
|
212.7
|
-
|
16.39
|
-
|
-
|
57.33
|
257.6
|
-
|
-
|
42.04
|
-
|
160.8
|
36.76
|
-
|
29.59
|
-
|
55.62
|
123.1
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
20.00
|
40.00
|
20.00
|
20.00
|
-
|
20.00
|
-
|
-
|
24.00
|
-
|
-
|
22.00
|
-
|
-
|
-
|
-
|
24.00
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/11/19
|
6/19/20
|
11/11/20
|
5/12/21
|
11/10/21
|
11/10/21
|
2/9/22
|
5/11/22
|
5/11/22
|
8/5/22
|
11/9/22
|
11/9/22
|
2/8/23
|
5/12/23
|
8/14/23
|
11/13/23
|
11/13/23
|
2/14/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
53,019
|
115,072
|
219,147
|
210,577
|
281,140
|
278,400
|
283,700
|
273,900
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,891
|
56,991
|
158,107
|
97,550
|
13,980
|
62,967
|
70,900
|
74,133
|
ROE (net income / shareholders' equity)
|
3.6%
|
7.4%
|
6.5%
|
9.2%
|
4.5%
|
5.1%
|
5.15%
|
5%
|
ROA (Net income/ Total Assets)
|
2.26%
|
3.08%
|
2.58%
|
3.28%
|
3.59%
|
3.2%
|
4.1%
|
4.8%
|
Assets
1 |
1,816,372
|
2,829,490
|
3,182,928
|
3,754,061
|
1,697,266
|
2,091,667
|
1,746,341
|
1,565,972
|
Book Value Per Share
2 |
3,626
|
3,416
|
3,870
|
4,090
|
4,060
|
4,272
|
4,358
|
4,494
|
Cash Flow per Share
2 |
315.0
|
429.0
|
-
|
556.0
|
400.0
|
180.0
|
225.0
|
188.0
|
Capex
1 |
67,182
|
72,695
|
56,607
|
42,539
|
92,100
|
96,333
|
100,667
|
102,000
|
Capex / Sales
|
4.59%
|
4.89%
|
3.86%
|
2.75%
|
5.62%
|
5.84%
|
5.97%
|
5.86%
|
Announcement Date
|
5/13/19
|
6/19/20
|
5/12/21
|
5/11/22
|
5/12/23
|
-
|
-
|
-
|
Last Close Price
3,637
JPY Average target price
4,640
JPY Spread / Average Target +27.58% Consensus |
1st Jan change
|
Capi.
|
---|
| -7.57% | 7.27B | | +9.15% | 6.93B | | +11.28% | 2.37B | | -32.55% | 1.28B | | +180.00% | 1.21B | | -5.13% | 896M | | -18.44% | 861M | | -7.76% | 605M | | -10.09% | 510M | | -11.47% | 461M |
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