Tayca Corp

Tayca Corp's capital structure is supported by a low debt-to-equity ratio of 0.21, indicating a conservative leverage profile. The company maintains a strong liquidity position with a current ratio of 3.0 and cash and equivalents of ¥14.09 billion. However, free cash flow is negative at ¥2.54 billion, driven by capital expenditures of ¥7.33 billion, which may signal ongoing investment in operations. Profitability metrics show a return on equity (ROE) of 4.12% and return on assets (ROA) of 2.74%, both below the typical thresholds for high-performing chemical firms. The gross margin of 18.25% (¥10.18 billion gross profit on ¥55.74 billion revenue) is in line with industry norms, but operating margin of 5.89% (¥3.28 billion operating income) suggests pressure from cost of goods sold and operating expenses. The company's revenue is split between the Titanium Oxide segment and the Others segment, with no disclosed geographic breakdown. Given the lack of geographic segmentation, it is unclear whether revenue is concentrated in any particular region, though the company's operations are based in Japan. Growth trajectory appears modest, with no specific revenue growth rates provided in the latest financials. The company's price-to-earnings ratio of 18.5 and price-to-book ratio of 0.76 suggest a valuation that is in line with or slightly below industry medians, depending on the cohort. Risk factors are minimal, with low liquidity and dilution risk identified. No immediate filing-based flags were detected, and the company's capital structure remains stable with no near-term dilution pressure. The absence of dilution risk is supported by the fact that shares outstanding have not changed between basic and diluted counts. Recent events include the latest actual EPS of ¥105.46 and revenue of ¥55.74 billion, aligning with analyst estimates. No recent filings or transcripts were provided in the input data to indicate material changes in operations or strategy.