Trinity Industrial Corp

Trinity Industrial Corp maintains a strong liquidity position, with cash and equivalents amounting to ¥14.17 billion, representing 33.5% of total assets. The company operates with no long-term debt, resulting in a debt-to-equity ratio of 0.0, which is significantly lower than the industry median. The current ratio of 2.83 indicates a robust ability to meet short-term obligations.

Profitability metrics for Trinity Industrial Corp are modest, with a return on equity (ROE) of 0.54% and a return on assets (ROA) of 0.38%. These figures are below the industry median for ROE and ROA, suggesting that the company is underperforming in terms of capital efficiency and asset utilization.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and sector-specific risks.

Looking ahead, Trinity Industrial Corp is projected to experience a decline in revenue, with a year-over-year decrease of 53.5% in the current fiscal year. This is primarily driven by reduced demand in the construction and manufacturing sectors, as well as ongoing supply chain disruptions.

Risk factors for Trinity Industrial Corp include low liquidity risk and low dilution potential. The company has no immediate filing-based liquidity or dilution flags, and there are no indications of near-term equity issuance or share buybacks.

Recent events include the release of the latest financial results, which showed a significant drop in revenue and net income compared to the previous year. The company has not disclosed any major strategic initiatives or capital expenditures in the near term.

Net income grew at a 10.3% CAGR over four years, demonstrating consistent profitability expansion despite revenue volatility.

The company maintains a zero debt-to-equity ratio, placing it in the top quartile for financial leverage safety among peers.

Free cash flow surged 112.9% year-over-year in the latest period, indicating a significant improvement in cash generation.

Gross profit reached 8.58 billion JPY in FY2026, showing resilience in core production margins despite revenue fluctuations.

Low dilution, liquidity, and credit risk flags suggest a stable operational environment with minimal immediate financial threats.

Revenue declined 3.1% year-over-year in the latest fiscal year, breaking the previous growth trend and raising demand concerns.

Free cash flow turned negative in FY2025, highlighting volatility in cash generation despite recent recovery in FY2026.

Revenue ¥11.03B, −8,9% YoY; Operating income −20,6% YoY.

• ▍Revenue ¥11.03B, −8,9% YoY
• ▍Operating income −20,6% YoY
• ▍Net income +27,9% YoY
• ▍Net margin 7.9%

Revenue ¥9.01B, −10,3% YoY; Operating income −15,9% YoY.

• ▍Revenue ¥9.01B, −10,3% YoY
• ▍Operating income −15,9% YoY
• ▍Net income −27,8% YoY
• ▍Net margin 7.7%

Revenue ¥10.05B, +6,6% YoY; Operating income +25,0% YoY.

• ▍Revenue ¥10.05B, +6,6% YoY
• ▍Operating income +25,0% YoY
• ▍Net income +10,5% YoY
• ▍Net margin 6.6%

Revenue ¥8.88B, +2,6% YoY; Operating income +39,3% YoY.

• ▍Revenue ¥8.88B, +2,6% YoY
• ▍Operating income +39,3% YoY
• ▍Net income +187,3% YoY
• ▍Net margin 5.2%

Revenue ¥12.10B; Operating income ¥1.19B.

• ▍Revenue ¥12.10B
• ▍Operating income ¥1.19B
• ▍Net margin 5.6%

Revenue ¥10.04B; Operating income ¥891.9M.

• ▍Revenue ¥10.04B
• ▍Operating income ¥891.9M
• ▍Net margin 9.6%

Revenue ¥9.42B; Operating income ¥663.6M.

• ▍Revenue ¥9.42B
• ▍Operating income ¥663.6M
• ▍Net margin 6.4%

Revenue ¥8.66B; Operating income ¥453.1M.

• ▍Revenue ¥8.66B
• ▍Operating income ¥453.1M
• ▍Net margin 1.9%

Revenue ¥38.96B, −3,1% YoY; Operating income −1,3% YoY.

• ▍Revenue ¥38.96B, −3,1% YoY
• ▍Operating income −1,3% YoY
• ▍Net income +11,9% YoY
• ▍Free cash flow +112,8% YoY
• ▍Net margin 6.9%

Revenue ¥40.22B, +8,7% YoY; Operating income +17,2% YoY.

• ▍Revenue ¥40.22B, +8,7% YoY
• ▍Operating income +17,2% YoY
• ▍Net income +16,7% YoY
• ▍Free cash flow −166,5% YoY
• ▍Net margin 6.0%

Revenue ¥36.99B, +27,4% YoY; Operating income +185,1% YoY.

• ▍Revenue ¥36.99B, +27,4% YoY
• ▍Operating income +185,1% YoY
• ▍Net income +62,4% YoY
• ▍Free cash flow +463,0% YoY
• ▍Net margin 5.6%

Revenue ¥29.05B, −15,0% YoY; Operating income −50,2% YoY.

• ▍Revenue ¥29.05B, −15,0% YoY
• ▍Operating income −50,2% YoY
• ▍Net income −30,1% YoY
• ▍Free cash flow −60,2% YoY
• ▍Net margin 4.4%