Tobishima Holdings Inc

Tobishima Holdings Inc maintains a debt-to-equity ratio of 0.72, indicating a moderate reliance on debt financing, while holding cash and equivalents of 24,074,000,000 JPY. However, the company's operating cash flow is negative at -9,993,000,000 JPY, raising concerns about its short-term liquidity. The current ratio of 1.45 suggests the company has sufficient current assets to cover its current liabilities, but the negative net cash position after subtracting total debt highlights potential liquidity constraints.

In terms of profitability, Tobishima Holdings Inc reports a return on equity (ROE) of 3.1% and a return on assets (ROA) of 1.0%, both of which are below the industry median for construction and engineering firms. The company's operating income margin is 6.0%, which is also below the industry median, indicating that it is less efficient in converting revenue into operating profit.

The company's revenue is concentrated in the construction and engineering services segment, with no disclosed geographic diversification. This concentration increases exposure to regional economic fluctuations and regulatory changes in the construction sector.

Tobishima Holdings Inc's revenue growth is expected to remain flat in the current fiscal year, with no significant changes anticipated in the next fiscal year. The company's capital expenditure of -1,886,000,000 JPY reflects ongoing investment in infrastructure and equipment, but the negative operating cash flow suggests that these investments are not yet generating positive cash returns.

The company faces moderate liquidity risk due to its negative net cash position and negative operating cash flow. While dilution risk is currently low, the company's reliance on debt financing and the potential need for additional capital could increase dilution risk in the future.

Recent filings and transcripts indicate that Tobishima Holdings Inc is focused on expanding its project portfolio and improving operational efficiency. The company has also taken steps to manage its debt levels and improve cash flow generation.

Net income surged 30.1% year-over-year to JPY 4.8 billion in FY2026, demonstrating strong bottom-line growth momentum.

Operating income expanded 15.9% to JPY 7.4 billion in FY2026, indicating robust core operational profitability improvements.

Net margin of 3.97% outperforms the 3.81% cohort median, reflecting better cost control relative to peers.

Revenue grew at a 4.3% CAGR over four years, providing a stable top-line expansion foundation.

High credit risk flags suggest significant potential for loan losses or counterparty defaults impacting future earnings stability.

Long-term debt increased sharply to JPY 36.0 billion in FY2026, raising concerns about leverage and interest obligations.

Cash conversion of -6.61 ranks in the bottom quartile, signaling poor ability to turn profits into cash.

Medium liquidity risk indicates potential difficulties in meeting short-term financial obligations without external financing.

Revenue ¥34.29B, +11,2% YoY; Operating income +52,1% YoY.

• ▍Revenue ¥34.29B, +11,2% YoY
• ▍Operating income +52,1% YoY
• ▍Net income +61,7% YoY
• ▍Net margin 2.2%

Revenue ¥29.91B, −7,3% YoY; Operating income +57,1% YoY.

• ▍Revenue ¥29.91B, −7,3% YoY
• ▍Operating income +57,1% YoY
• ▍Net income +88,4% YoY
• ▍Net margin 3.9%

Revenue ¥37.99B, −0,3% YoY; Operating income +3,3% YoY.

• ▍Revenue ¥37.99B, −0,3% YoY
• ▍Operating income +3,3% YoY
• ▍Net income −16,8% YoY
• ▍Net margin 3.3%

Revenue ¥37.18B; Operating income ¥2.01B.

• ▍Revenue ¥37.18B
• ▍Operating income ¥2.01B
• ▍Net margin 3.7%

Revenue ¥32.26B; Operating income ¥1.03B.

• ▍Revenue ¥32.26B
• ▍Operating income ¥1.03B
• ▍Net margin 1.9%

Revenue ¥38.09B; Operating income ¥2.28B.

• ▍Revenue ¥38.09B
• ▍Operating income ¥2.28B
• ▍Net margin 4.0%

Revenue ¥139.25B, +0,7% YoY; Operating income +15,9% YoY.

• ▍Revenue ¥139.25B, +0,7% YoY
• ▍Operating income +15,9% YoY
• ▍Net income +30,1% YoY
• ▍Free cash flow +0,9% YoY
• ▍Net margin 3.5%

Revenue ¥138.26B, +4,7% YoY; Operating income +21,6% YoY.

• ▍Revenue ¥138.26B, +4,7% YoY
• ▍Operating income +21,6% YoY
• ▍Net income +9,3% YoY
• ▍Free cash flow +55,1% YoY
• ▍Net margin 2.7%

Revenue ¥132.05B, +4,8% YoY; Operating income +28,6% YoY.

• ▍Revenue ¥132.05B, +4,8% YoY
• ▍Operating income +28,6% YoY
• ▍Net income +12,0% YoY
• ▍Free cash flow −40,7% YoY
• ▍Net margin 2.6%

Revenue ¥125.94B, +7,0% YoY; Operating income −2,4% YoY.

• ▍Revenue ¥125.94B, +7,0% YoY
• ▍Operating income −2,4% YoY
• ▍Net income −5,6% YoY
• ▍Free cash flow +46,1% YoY
• ▍Net margin 2.4%

Revenue ¥117.67B; Operating income ¥4.16B.

• ▍Revenue ¥117.67B
• ▍Operating income ¥4.16B
• ▍Net margin 2.7%