Tocalo Co Ltd
Tocalo Co Ltd is a Japanese mining company that produces and sells iron ore, primarily serving the domestic steel industry.
Business. Tocalo Co Ltd (3433.T) is a mining company operating within the Iron & Steel industry, primarily engaged in the extraction of mineral resources. The firm is headquartered in Japan and is listed on the Tokyo Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
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2 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Tocalo Co Ltd (3433.T) is a mining company operating within the Iron & Steel industry, primarily engaged in the extraction of mineral resources. The firm is headquartered in Japan and is listed on the Tokyo Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Tocalo maintains a strong liquidity position with a current ratio of 2.96 and a cash and equivalents balance of ¥14.48 billion, which is well above the industry median for liquidity coverage. The company's debt-to-equity ratio is 0.06, indicating a conservative capital structure with minimal leverage. This low debt burden supports financial flexibility and reduces exposure to interest rate volatility.
Profitability metrics show Tocalo outperforms the industry median in return on equity (13.28%) and return on assets (9.86%). These returns are driven by a gross profit margin of 37.3% and an operating margin of 22.0%, both of which are above the industry average. The company's ability to maintain high margins in a cyclical industry suggests strong pricing power and operational efficiency.
Geographically, Tocalo's revenue is concentrated in Japan, with no material international operations disclosed. The company's business is heavily dependent on the domestic steel industry, which is sensitive to macroeconomic conditions and infrastructure spending. This concentration increases exposure to local demand fluctuations and regulatory changes.
Tocalo's growth trajectory is stable, with revenue of ¥54.23 billion in the latest period. While no specific growth rate is provided, the company's free cash flow of ¥2.91 billion and operating cash flow of ¥9.08 billion support reinvestment and shareholder returns. The absence of a detailed outlook for the next fiscal year suggests a focus on maintaining current operations rather than aggressive expansion.
Risk factors for Tocalo include exposure to commodity price volatility and regulatory changes in the mining sector. The company has no immediate liquidity or dilution flags, and its capital structure remains stable. However, the low dilution risk is partly due to the absence of recent share issuance or shelf registration activity.
Recent events include the publication of the latest financial results and analyst estimates. Analysts have assigned a mean price target of ¥3,400, with a median of ¥3,400 and a range from ¥2,800 to ¥4,000. The mean recommendation of 2.00 (Buy) indicates a generally positive outlook, though no strong buy ratings were issued.
- Tocalo maintains a conservative capital structure with a low debt-to-equity ratio of 0.06 and strong liquidity.
- The company outperforms industry medians in return on equity (13.28%) and return on assets (9.86%).
- Revenue is concentrated in Japan, increasing exposure to local demand and regulatory changes.
- Analysts have a generally positive outlook, with a mean price target of ¥3,400 and a Buy recommendation.
- Tocalo has no immediate liquidity or dilution risks, but its growth trajectory is not explicitly outlined.
Bull / Bear case
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 149,40 |
| Revenue | —no estimate | —no estimate | 58,0B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Tocalo Co Ltd Market data — financials · 2026-05-26
- Tocalo Co Ltd Market data — analyst estimates · 2026-05-26