Tosnet Corp

Tosnet Corp maintains a strong liquidity position, with cash and equivalents amounting to ¥5.62 billion, significantly exceeding its total liabilities of ¥3.2 billion, as reflected in a current ratio of 3.11. The company's price-to-book ratio of 0.95 suggests that the market value is slightly below the book value, indicating a potentially undervalued asset base.

Profitability metrics for Tosnet Corp show a return on equity of 0.69% and a return on assets of 0.48%, which are relatively low compared to industry benchmarks. The company's operating income of ¥75.12 million and net income of ¥50.48 million indicate modest profitability, with a gross profit of ¥787.09 million contributing to these figures.

The company's revenue is concentrated within its core industrial services segment, with no disclosed geographic diversification. This concentration may pose a risk if demand in the industrial services sector declines. The company's revenue of ¥2.59 billion is derived from a single business activity, highlighting the need for diversification to mitigate sector-specific risks.

Tosnet Corp's growth trajectory is modest, with a price-to-earnings ratio of 137.66 and an enterprise value-to-revenue ratio of 0.92. The company's capital expenditure of -¥51.31 million suggests a reduction in investment, which may impact future growth. Analyst estimates indicate a last actual revenue of ¥11.91 billion, suggesting a potential for growth if the company can expand its market share.

Risk factors for Tosnet Corp include low liquidity and dilution risks, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.14 indicates a conservative capital structure, reducing financial risk. However, the low return on equity and assets suggests operational inefficiencies that may need addressing.

Recent events, including analyst estimates and financial disclosures, indicate a stable but not rapidly growing company. The company's market price of ¥1,494 and market cap of ¥6.95 billion reflect a moderate valuation, with the price-to-tangible-book ratio of 0.95 aligning with the price-to-book ratio.

Revenue grew at a 4.7% CAGR over four years, demonstrating consistent top-line expansion for the company.

Cash conversion of 10.95x ranks best-in-class among 364 peers, indicating superior efficiency in generating cash from operations.

Net income achieved a 7.7% CAGR over four years, showing long-term profitability growth despite recent volatility.

Debt-to-equity ratio of 0.14 is above the median, suggesting a conservative capital structure with low leverage risk.

The company faces low dilution, liquidity, and credit risks, providing a stable financial foundation for investors.

ROE of 0.69% sits in the bottom quartile of peers, reflecting poor returns generated on shareholder equity.

Revenue ¥3.00B, −7,7% YoY; Operating income −103,5% YoY.

• ▍Revenue ¥3.00B, −7,7% YoY
• ▍Operating income −103,5% YoY
• ▍Net income −104,4% YoY
• ▍Net margin -0.3%

Revenue ¥3.04B, −1,6% YoY; Operating income −48,9% YoY.

• ▍Revenue ¥3.04B, −1,6% YoY
• ▍Operating income −48,9% YoY
• ▍Net income −35,7% YoY
• ▍Net margin 12.2%

Revenue ¥2.89B, −1,6% YoY; Operating income −10,8% YoY.

• ▍Revenue ¥2.89B, −1,6% YoY
• ▍Operating income −10,8% YoY
• ▍Net income +41,6% YoY
• ▍Net margin 4.0%

Revenue ¥2.72B, +5,2% YoY; Operating income −53,6% YoY.

• ▍Revenue ¥2.72B, +5,2% YoY
• ▍Operating income −53,6% YoY
• ▍Net income −24,1% YoY
• ▍Net margin 1.4%

Revenue ¥3.25B; Operating income ¥392.1M.

• ▍Revenue ¥3.25B
• ▍Operating income ¥392.1M
• ▍Net margin 7.2%

Revenue ¥3.09B; Operating income ¥838.4M.

• ▍Revenue ¥3.09B
• ▍Operating income ¥838.4M
• ▍Net margin 18.7%

Revenue ¥2.94B; Operating income ¥162.3M.

• ▍Revenue ¥2.94B
• ▍Operating income ¥162.3M
• ▍Net margin 2.8%

Revenue ¥2.59B; Operating income ¥75.1M.

• ▍Revenue ¥2.59B
• ▍Operating income ¥75.1M
• ▍Net margin 2.0%

Revenue ¥11.91B, +3,0% YoY; Operating income −25,6% YoY.

• ▍Revenue ¥11.91B, +3,0% YoY
• ▍Operating income −25,6% YoY
• ▍Net income −15,0% YoY
• ▍Free cash flow −28,5% YoY
• ▍Net margin 6.4%

Revenue ¥11.56B, +5,7% YoY; Operating income +64,2% YoY.

• ▍Revenue ¥11.56B, +5,7% YoY
• ▍Operating income +64,2% YoY
• ▍Net income +54,6% YoY
• ▍Free cash flow +53,5% YoY
• ▍Net margin 7.7%

Revenue ¥10.94B, +9,0% YoY; Operating income +18,6% YoY.

• ▍Revenue ¥10.94B, +9,0% YoY
• ▍Operating income +18,6% YoY
• ▍Net income +15,7% YoY
• ▍Free cash flow +123,3% YoY
• ▍Net margin 5.3%

Revenue ¥10.03B, +1,1% YoY; Operating income −8,3% YoY.

• ▍Revenue ¥10.03B, +1,1% YoY
• ▍Operating income −8,3% YoY
• ▍Net income −11,6% YoY
• ▍Free cash flow −59,7% YoY
• ▍Net margin 5.0%