Tomoe Engineering Co Ltd
Tomoe Engineering Co Ltd is a Japanese company engaged in the production and distribution of commodity chemicals, primarily serving industrial and manufacturing sectors.
Business. Tomoe Engineering Co Ltd (6309.T) is a Japanese chemical manufacturer headquartered in Japan and listed on the Tokyo Stock Exchange. The company operates within the commodity chemicals industry, producing chemical products for various industrial applications. As specific segment and geographic breakdowns are not provided, the firm is characterized broadly by its position in the basic materials and chemicals sector. Its primary business activity involves the production and sale of chemical goods consistent with industry standards for commodity and specialty formulations.
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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
Tomoe Engineering Co Ltd (6309.T) is a Japanese chemical manufacturer headquartered in Japan and listed on the Tokyo Stock Exchange. The company operates within the commodity chemicals industry, producing chemical products for various industrial applications. As specific segment and geographic breakdowns are not provided, the firm is characterized broadly by its position in the basic materials and chemicals sector. Its primary business activity involves the production and sale of chemical goods consistent with industry standards for commodity and specialty formulations.
Tomoe Engineering maintains a strong liquidity position, with cash and equivalents amounting to ¥14.78 billion, representing 29% of total assets. The company's liquidity FPT score is high, supported by a current ratio of 3.57 and no long-term debt. This positions the firm with significant financial flexibility to fund operations or pursue strategic opportunities.
Profitability metrics show a return on equity (ROE) of 3.46% and return on assets (ROA) of 2.61%, both below the industry median for commodity chemicals. The operating margin of 12.9% is in line with the sector average, but the net margin of 9.2% suggests some pressure from operating expenses or tax costs.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of segmentation increases exposure to sector-specific volatility and limits visibility into regional performance drivers.
Revenue growth has been modest, with a 23.6% increase in the latest fiscal year to ¥14.44 billion. Analysts project a 6.9% growth in the next fiscal year, aligning with the company's historical performance. However, the absence of disclosed capital expenditures and R&D spending suggests limited innovation or expansion plans.
Risk factors are minimal, with no immediate liquidity or dilution concerns. The company has no long-term debt and a low dilution risk score. However, the lack of disclosed risk management strategies for commodity price volatility or supply chain disruptions remains a concern.
Recent filings and transcripts show no material events or earnings surprises. The last actual EPS of ¥128.66 exceeded the mean estimate of ¥143.60, indicating strong earnings performance. Revenue also outperformed estimates, with actuals at ¥59.37 billion versus a mean forecast of ¥63.1 billion.
- Strong liquidity position with no long-term debt and a current ratio of 3.57.
- ROE and ROA below industry medians, indicating moderate profitability.
- Revenue growth is in line with analyst expectations but lacks diversification or innovation drivers.
- Minimal near-term dilution or liquidity risks, but exposure to commodity price volatility remains unaddressed.
Bull / Bear case
Generated · model-assistedRevenue grew 13.9% year-over-year to JPY 59.4 billion in fiscal 2025, demonstrating strong top-line expansion.
Operating income surged 17.9% to JPY 5.35 billion, indicating robust operational efficiency and cost management.
The company maintains a zero long-term debt position, providing a pristine balance sheet with no leverage risk.
Net income compounded at a 16.3% CAGR over four years, showing consistent profitability growth.
Net income growth slowed to 6.5% year-over-year, lagging significantly behind the 13.9% revenue growth rate.
Return on invested capital of 4.85% suggests modest value creation relative to capital employed.
In focus — financials by report
Revenue ¥15.33B, +1,6% YoY; Operating income −7,2% YoY.
- ▍Revenue ¥15.33B, +1,6% YoY
- ▍Operating income −7,2% YoY
- ▍Net income −10,3% YoY
- ▍Net margin 7.2%
Revenue ¥12.96B, +5,2% YoY; Operating income −14,9% YoY.
- ▍Revenue ¥12.96B, +5,2% YoY
- ▍Operating income −14,9% YoY
- ▍Net income −39,5% YoY
- ▍Net margin 3.8%
Revenue ¥15.09B, +14,1% YoY; Operating income +19,9% YoY.
- ▍Revenue ¥15.09B, +14,1% YoY
- ▍Operating income +19,9% YoY
- ▍Net income +19,7% YoY
- ▍Net margin 5.3%
Revenue ¥16.23B, +12,4% YoY; Operating income +2,8% YoY.
- ▍Revenue ¥16.23B, +12,4% YoY
- ▍Operating income +2,8% YoY
- ▍Net income −0,2% YoY
- ▍Net margin 8.2%
Revenue ¥15.09B; Operating income ¥1.79B.
- ▍Revenue ¥15.09B
- ▍Operating income ¥1.79B
- ▍Net margin 8.2%
Revenue ¥12.32B; Operating income ¥640.8M.
- ▍Revenue ¥12.32B
- ▍Operating income ¥640.8M
- ▍Net margin 6.6%
Revenue ¥13.22B; Operating income ¥911.1M.
- ▍Revenue ¥13.22B
- ▍Operating income ¥911.1M
- ▍Net margin 5.0%
Revenue ¥14.44B; Operating income ¥1.87B.
- ▍Revenue ¥14.44B
- ▍Operating income ¥1.87B
- ▍Net margin 9.2%
Revenue ¥59.37B, +13,9% YoY; Operating income +17,9% YoY.
- ▍Revenue ¥59.37B, +13,9% YoY
- ▍Operating income +17,9% YoY
- ▍Net income +6,5% YoY
- ▍Free cash flow −91,8% YoY
- ▍Net margin 6.5%
Revenue ¥52.12B, +5,0% YoY; Operating income +17,3% YoY.
- ▍Revenue ¥52.12B, +5,0% YoY
- ▍Operating income +17,3% YoY
- ▍Net income +32,3% YoY
- ▍Free cash flow −5,4% YoY
- ▍Net margin 6.9%
Revenue ¥49.63B, +8,9% YoY; Operating income +17,4% YoY.
- ▍Revenue ¥49.63B, +8,9% YoY
- ▍Operating income +17,4% YoY
- ▍Net income +2,8% YoY
- ▍Free cash flow −1,7% YoY
- ▍Net margin 5.5%
Revenue ¥45.59B, +1,0% YoY; Operating income +13,4% YoY.
- ▍Revenue ¥45.59B, +1,0% YoY
- ▍Operating income +13,4% YoY
- ▍Net income +26,1% YoY
- ▍Free cash flow +129,2% YoY
- ▍Net margin 5.8%
Valuation TTM
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 143,60 |
| Revenue | —no estimate | —no estimate | 63,1B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
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consensus EPS · 26-week trendSell-side observations
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- No immediate filing-based liquidity or dilution flags were detected.
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- Tomoe Engineering Co Ltd Market data — financials · 2026-05-27
- Tomoe Engineering Co Ltd Market data — analyst estimates · 2026-05-27