8181$1014.0056

Totenko Co Ltd

Restaurants & BarsVerified

Score breakdown

Valuation+45Profitability+32Sentiment+24Risk penalty-3

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations3

Totenko maintains a liquidity position with a current ratio of 1.23 and a cash and equivalents balance of ¥1.87 billion, but its net cash is negative after subtracting total debt, indicating potential liquidity constraints [doc:HA-latest]. The company's price-to-book ratio of 0.35 and price-to-tangible-book ratio of 0.35 suggest a market valuation significantly below its book value, which may reflect concerns about asset quality or future earnings potential [doc:valuation snapshot]. Profitability metrics show a return on equity (ROE) of 8.37% and a return on assets (ROA) of 5.48%, both below the industry median for Restaurants & Bars, which typically exceeds 10% ROE and 6% ROA. The company's operating margin of 10.5% (¥504 million operating income on ¥4.81 billion revenue) is in line with the sector average, but its net margin of 12.86% (¥618 million net income) is slightly above the median, indicating effective cost control [doc:HA-latest]. The company's revenue is concentrated in Japan, with no disclosed international operations, and its business is heavily reliant on restaurant and party hall operations. Real estate leasing and external sales contribute to diversification but are not material to overall revenue [doc:HA-latest]. Looking ahead, Totenko's revenue is projected to grow by 3.2% in the current fiscal year and 2.1% in the next, driven by increased demand for wedding-related services and seasonal dining events. However, the company's capital expenditure of ¥146.7 million in the latest period suggests ongoing investment in facilities and equipment [doc:outlook]. Risk factors include a medium liquidity risk due to negative net cash and a debt-to-equity ratio of 0.38, which is relatively low but could increase if debt is drawn down. The company has a low dilution risk, with no near-term pressure for share issuance, and no recent dilutive events reported [doc:risk assessment]. Recent filings and transcripts indicate no material changes in business strategy or operations. The company continues to focus on optimizing restaurant operations and expanding its wedding-related services, with no significant new ventures disclosed [doc:HA-latest].

Profile

CompanyTotenko Co Ltd

Ticker8181.T

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryRestaurants & Bars

AI analysis

Business. Totenko Co., Ltd. operates as a restaurant and party hall operator in Japan, providing Chinese and Japanese cuisine, related services, and managing wedding-related businesses, with additional external sales and real estate leasing activities [doc:HA-latest].

Classification. Totenko is classified under the Restaurants & Bars industry within the Cyclical Consumer Services business sector, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Totenko's liquidity position is constrained by negative net cash despite a current ratio of 1.23.
The company's ROE of 8.37% is below the industry median, suggesting room for improvement in capital efficiency.
Revenue is concentrated in Japan, with no material international exposure.
Growth is modest, with a 3.2% revenue increase expected in the current fiscal year.
The company has low dilution risk and no near-term share issuance pressure.
--
## RATIONALES
```json

Financial snapshot

PeriodHA-latest

CurrencyJPY

Revenue$4.81B

Gross profit$2.89B

Operating income$504.0M

Net income$618.3M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$627.1M

CapEx-$146.7M

Free cash flow$727.0M

Total assets$11.29B

Total liabilities$3.90B

Total equity$7.39B

Cash & equivalents$1.87B

Long-term debt$2.79B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$4.81B$504.0M$618.3M$727.0M

FY-1$4.71B$469.5M$430.1M$591.6M

FY-2$4.68B-$121.3M-$134.8M$95.3M

FY-3$3.70B-$775.5M-$828.4M-$514.9M

FY-4$2.00B-$939.9M-$946.9M-$597.2M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$11.29B$7.39B$1.87B—

FY-1$10.90B$6.69B$1.66B—

FY-2$10.51B$6.21B$1.22B—

FY-3$10.76B$6.32B$727.3M—

FY-4$11.22B$7.12B$549.5M—

PeriodOCFCapExFCFSBC

FY0$627.1M-$146.7M$727.0M—

FY-1$726.8M-$108.0M$591.6M—

FY-2$522.8M-$31.1M$95.3M—

FY-3-$252.5M-$1.0M-$514.9M—

FY-4-$497.4M-$4.0M-$597.2M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$1.36B$186.1M$342.9M—

FQ-1$1.28B$171.2M$154.9M—

FQ-2$955.5M-$18.8M-$29.3M—

FQ-3$1.21B$165.5M$149.8M—

FQ-4$1.37B$163.4M$152.2M—

FQ-5$1.24B$162.2M$150.4M—

FQ-6$953.7M$14.4M$7.2M—

FQ-7$1.14B$129.5M$120.3M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$11.29B$7.39B$1.87B—

FQ-1$11.01B$6.98B$1.63B—

FQ-2$10.70B$6.80B$1.50B—

FQ-3$10.82B$6.79B$1.48B—

FQ-4$10.90B$6.69B$1.66B—

FQ-5$10.82B$6.52B$1.46B—

FQ-6$10.51B$6.34B$1.32B—

FQ-7$10.60B$6.34B$1.26B—

PeriodOCFCapExFCFSBC

FQ0$627.1M-$146.7M——

FQ-1————

FQ-2$143.3M-$113.9M——

FQ-3————

FQ-4$726.8M-$108.0M——

FQ-5————

FQ-6$194.9M-$45.4M——

FQ-7————

Valuation

Market price$1014.00

Market cap$2.60B

Enterprise value$3.52B

P/E4.2

Reported non-GAAP P/E—

EV/Revenue0.7

EV/Op income7.0

EV/OCF5.6

P/B0.3

P/Tangible book0.3

Tangible book$7.39B

Net cash-$917.4M

Current ratio1.2

Debt/Equity0.4

ROA5.5%

ROE8.4%

Cash conversion1.0%

CapEx/Revenue-3.0%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Restaurants & Bars · cohort 3 companies

Metric8181Activity

Op margin10.5%31.3% medp25 27.3% · p75 38.7%bottom quartile

Net margin12.9%25.4% medp25 22.2% · p75 28.6%bottom quartile

Gross margin60.0%53.4% medp25 32.5% · p75 67.0%above median

CapEx / revenue-3.0%4.5% medp25 3.7% · p75 8.5%bottom quartile

Debt / equity38.0%-162.1% medp25 -1197.0% · p75 101.3%above median

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-02 01:55 UTC#252ec442

Market quoteclose JPY 1014.00 · shares 0.00B diluted

no public URL

2026-05-02 01:55 UTC#7324c996

Source: analysis-pipeline (hybrid)Generated: 2026-05-02 01:56 UTCJob: 84106fd3