Togami Electric Mfg Co Ltd

Togami Electric maintains a strong liquidity position, with cash and equivalents amounting to ¥7.71 billion, representing 23.8% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by a current ratio of 3.18 and a debt-to-equity ratio of 0.03, indicating minimal leverage and strong balance sheet health. Profitability metrics show Togami Electric outperforming typical industry benchmarks. The company's return on equity (ROE) of 10.68% and return on assets (ROA) of 7.39% are well above the median for electrical equipment manufacturers. Gross margin of 25.95% (¥7.17 billion gross profit on ¥27.65 billion revenue) and operating margin of 11.02% (¥3.05 billion operating income) reflect efficient cost management and pricing power. Geographically, Togami Electric's revenue is concentrated in Japan, with no disclosed international segments. The company's exposure to domestic industrial demand is a key risk factor, as it lacks diversification across global markets. Segment-wise, the company operates as a single business unit, with no material diversification across product lines. Growth trajectory appears stable, with revenue of ¥27.65 billion in the latest period. While no forward-looking guidance is provided, the company's operating cash flow of ¥2.81 billion and free cash flow of ¥662.5 million suggest capacity for reinvestment or shareholder returns. However, capital expenditures of ¥1.86 billion indicate ongoing investment in production capabilities. Risk assessment highlights low liquidity and dilution risk, with no immediate filing-based flags detected. The company's low debt-to-equity ratio and strong cash position reduce refinancing risk. No dilution pressure is currently evident, as shares outstanding remain unchanged between basic and diluted counts. Recent filings and transcripts show no material events affecting the company's operations or financial position. The latest actual EPS of ¥491.27 and revenue of ¥27.65 billion align with analyst estimates, suggesting stable performance and no unexpected volatility.