6809
TOA CORPORATION
TOA株式会社
Industrials · Security & Protection Services
TOA Corporation manufactures and sells broadcasting, communications, and transmission equipment in Japan. The company offers public address / voice evacuation systems, commercial audio systems, professional sound systems, intercom systems, wireless systems, and conference systems. It also provides security camera systems, such as coaxial cable camera system and network camera systems; loudspeakers, PA systems, and wireless systems; remote broadcasting equipment and audio transmission equipment; railway vehicle-related products; audio and video-related products; and railroad vehicle-related products. In addition, the company is involved in the design, rental, and installation of audio and visual equipment, electrical, and electronic devices; and engineering and construction of audio and video-related products. Further, it plans, produces, and sells audio and video software, as well as provides telecommunications services. Additionally, the company engages in the rental and management of halls and studios; and plans and manages musical events. TOA Corporation was founded in 1934 and is headquartered in Kobe, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥55.4B
¥50.6B
¥48.8B
¥45.1B
¥40.9B
Cost of Sales
¥30.7B
¥28.1B
¥27.9B
¥27.0B
¥23.5B
Gross Profit
¥24.7B
¥22.5B
¥20.9B
¥18.2B
¥17.4B
SG&A
¥20.1B
¥18.9B
¥17.9B
¥16.4B
¥15.2B
Operating Income
¥4.7B
¥3.6B
¥3.0B
¥1.7B
¥2.2B
Non-Operating Income
¥751M
¥475M
¥825M
¥484M
¥305M
Dividend Income
—
¥140M
¥128M
¥112M
¥103M
Interest Income
—
¥152M
¥132M
¥34M
¥30M
Non-Operating Expenses
—
¥144M
¥143M
¥93M
¥57M
Interest Expense
—
¥83M
¥95M
¥61M
¥40M
Ordinary Income
¥5.2B
¥3.9B
¥3.7B
¥2.1B
¥2.4B
Pre-tax Income
¥5.2B
¥3.9B
¥3.7B
¥2.6B
¥2.4B
Income Taxes
¥1.4B
¥1.1B
¥1.3B
¥667M
¥766M
Current Tax
—
¥1.2B
¥1.2B
¥812M
¥647M
Deferred Tax
—
¥-77M
¥170M
¥-144M
¥119M
Net Income (owners)
¥3.3B
¥2.4B
¥2.0B
¥1.8B
¥1.5B
Minority Interest
—
¥464M
¥366M
¥193M
¥193M
Comprehensive Income
—
¥4.8B
¥4.3B
¥3.3B
¥1.5B
EBITDA
¥6.5B
¥5.3B
¥4.7B
¥3.3B
¥3.6B
Goodwill Amort. (J-GAAP)
—
¥70M
¥44M
¥44M
¥37M
EPS
¥105.89
¥78.66
¥62.61
¥54.51
¥45.08
Shares Outstanding
—
30.1M
30.1M
32.2M
32.5M
Shares Issued (total)
—
34.1M
34.1M
34.1M
34.5M
Treasury Shares
—
4.1M
4.1M
2.0M
2.0M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥76.8B
¥68.6B
¥64.7B
¥63.9B
¥60.7B
Current Assets
¥54.9B
¥45.2B
¥42.6B
¥42.9B
¥40.4B
Cash & Deposits
¥27.4B
¥19.0B
¥16.4B
¥16.9B
¥17.9B
Trade Receivables
—
¥8.6B
¥7.6B
¥7.6B
¥6.3B
Non-Current Assets
¥21.8B
¥23.4B
¥22.1B
¥21.1B
¥20.3B
PP&E
¥10.1B
¥10.6B
¥10.6B
¥10.7B
¥10.3B
Goodwill
—
¥850M
¥419M
¥470M
¥450M
Intangible Assets
—
¥2.3B
¥1.7B
¥1.9B
¥1.7B
Investment Securities
¥7.4B
¥9.0B
¥8.2B
¥7.3B
¥7.2B
Deferred Tax Assets
—
¥474M
¥460M
¥402M
¥292M
Total Liabilities
¥15.2B
¥16.0B
¥15.5B
¥15.1B
¥13.7B
Current Liabilities
¥9.7B
¥10.0B
¥9.6B
¥9.8B
¥9.1B
Accounts Payable
—
¥4.0B
¥3.6B
¥3.5B
¥3.8B
ST Debt
¥204M
¥1.8B
¥1.8B
¥2.7B
¥2.2B
Taxes Payable
—
¥548M
¥579M
¥641M
¥384M
Non-Current Liabilities
¥5.5B
¥6.1B
¥5.9B
¥5.3B
¥4.7B
Pension Obligations
—
¥3.1B
¥3.1B
¥2.9B
¥2.6B
Deferred Tax Liab.
—
¥1.5B
¥1.3B
¥872M
¥975M
Total Equity
¥61.6B
¥52.6B
¥49.2B
¥48.8B
¥46.9B
Capital Stock
—
¥5.3B
¥5.3B
¥5.3B
¥5.3B
Capital Surplus
—
¥5.1B
¥5.0B
¥5.0B
¥5.1B
Retained Earnings
¥35.5B
¥34.0B
¥32.9B
¥32.2B
¥31.6B
Treasury Stock
—
¥-3.7B
¥-3.7B
¥-1.4B
¥-1.4B
AOCI
—
¥8.8B
¥7.1B
¥5.1B
¥4.1B
Equity (owners)
¥49.1B
¥40.7B
¥39.5B
¥41.1B
¥40.6B
Minority Interests
—
¥3.1B
¥2.7B
¥2.5B
¥2.2B
Total Interest-Bearing Debt ⓘ
¥204M
¥1.8B
¥1.8B
¥2.7B
¥2.2B
Net Cash ⓘ
¥27.2B
¥17.2B
¥14.5B
¥14.2B
¥15.7B
NCAV ⓘ
¥39.7B
¥29.2B
¥27.1B
¥27.7B
¥26.7B
NCAV/Share
—
¥971
¥903
¥862
¥819
BV/Share
—
¥1,353
¥1,315
¥1,278
¥1,248
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥5.9B
¥5.6B
¥5.1B
¥583M
¥1.6B
Taxes Paid
—
¥-1.1B
¥-1.1B
¥-847M
¥-556M
Interest Paid
—
¥-86M
¥-96M
¥-64M
¥-39M
Interest Received
—
¥283M
¥259M
¥141M
¥134M
D&A
¥1.9B
¥1.6B
¥1.6B
¥1.5B
¥1.4B
Goodwill Amort.
—
¥70M
¥44M
¥44M
¥37M
Investing CF
¥1.1B
¥-2.4B
¥-928M
¥-2.8B
¥-752M
CapEx
¥484M
¥607M
¥641M
¥698M
¥237M
Financing CF
¥2.8B
¥-2.1B
¥-5.2B
¥-1.4B
¥-458M
Dividends Paid
—
¥-1.2B
¥-1.3B
¥-975M
¥-649M
Share Buybacks
—
¥0M
¥-2.3B
¥-313M
¥0M
Free Cash Flow
¥5.4B
¥5.0B
¥4.4B
¥-115M
¥1.4B
Net Change in Cash
—
¥1.9B
¥-307M
¥-2.9B
¥996M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.8%
4.9%
4.3%
3.9%
3.3%
ROA
4.6%
3.5%
3.1%
2.8%
2.4%
EPS
¥105.89
¥78.66
¥62.61
¥54.51
¥45.08
DPS
¥40.00
¥40.00
¥40.00
¥40.00
¥20.00
BPS
¥1,680.92
¥1,646.47
¥1,549.88
¥1,437.61
¥1,374.07
FCF/Share
—
¥167
¥147
¥-4
¥43
NCAV/Share
—
¥971
¥903
¥862
¥819
Payout Ratio
37.8%
50.9%
63.9%
73.4%
44.4%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 9
Date Activist Stake Event Flag Demands Source
2025-12-22
Sumitomo Mitsui DS Asset Management Company, Limited
5.3%
initial_5pct
Passive
—
2025-09-16
KOUJI TOMINAGA
7.86%
change
Passive
—
2025-05-26
KENJI ITANI
4.54%
correction
Passive
—
2025-05-08
KENJI ITANI
4.54%
change
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
6.87%
change
Passive
—
2024-02-22
Dalton Investments, Inc.
—
exit
✓ Activist
—
2024-02-08
Dalton Investments, Inc.
6.23%
change
✓ Activist
—
2024-01-11
Dalton Investments LLC
6.23%
+0.11%
change
✓ Activist
—
2023-10-04
Dalton Investments LLC
6.12%
change
✓ Activist
—
Capital Allocation Signals 2
Date
Type
Amount
Summary
2026-05-25
15:30
Div Increase
¥1.7B ¥50.0/sh
+150%
TOA announced a dividend increase for fiscal year ending March 31, 2026, with a per-share payout of ¥50 (base ¥45 + perf…
Summary
TOA announced a dividend increase for fiscal year ending March 31, 2026, with a per-share payout of ¥50 (base ¥45 + performance-linked ¥5), up 150% from ¥20 in the prior year. Total dividend payout is ¥1,734 million with an effective date of June 26, 2026. The increase reflects strong earnings with an 85% consolidated payout ratio on performance-linked components.
Deadline: 2026-06-26
YoY: +150%
Source (JP)
2026年3月期の期末配当は安定配当45円と連結配当性向85%を加味した業績連動配当5円の合計50円とさせていただきます。
2026-05-07
15:30
Div Increase
¥50.0/sh
+25%
TOA Corporation revised upward its FY2026 (ending March 2026) final dividend forecast from 48 yen to 50 yen per share, r…
Summary
TOA Corporation revised upward its FY2026 (ending March 2026) final dividend forecast from 48 yen to 50 yen per share, representing a 25% increase from the prior year's 40 yen. The revision comprises a stable dividend of 45 yen plus performance-linked dividend of 5 yen, reflecting stronger-than-expected consolidated earnings results. Full-year dividend guidance increased to 90 yen per share (from 88 yen), subject to shareholder approval at the June 2026 ordinary general meeting.
YoY: +25%
Source (JP)
2026年3月期の期末配当につきましては、連結業績が前回予想を上回ったことに伴い、安定配当45円に連結配当性向85%を加味した業績連動配当5円の合計50円に修正いたします。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
TOA Business Partner Stock Ownership Plan
TOA取引先持株会
2,816
9.37%
2
Japan Master Trust Bank
日本マスタートラスト信託銀行 株式会社(信託口)
2,640
8.78%
3
公益財団法人神戸やまぶき財団
2,000
6.65%
4
MUFG Bank
株式会社三菱UFJ銀行
1,500
4.99%
5
SYSMEX CORPORATION
シスメックス株式会社
1,457
4.85%
6
井 谷 憲 次
1,373
4.57%
7
公益財団法人中谷財団
1,297
4.32%
8
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
1,188
3.95%
9
国立大学法人京都大学
1,000
3.33%
10
TOAグループ従業員持株会
807
2.68%
Domestic Nominees
8.8%
-3.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
44.7%
+2.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
TOA Business Partner Stock Ownership Plan
TOA取引先持株会
8.44%
9.26%
9.37%
+0.11%
Japan Master Trust Bank
日本マスタートラスト信託銀行
8.95%
8.84%
8.78%
-0.06%
公益財団法人神戸やまぶき財団
6.22%
6.65%
6.65%
MUFG Bank
式会社三菱UFJ銀行
4.99%
5.34%
4.99%
-0.35%
SYSMEX CORPORATION
シスメックス
4.53%
4.85%
4.85%
井 谷 憲 次
5.02%
4.57%
4.57%
公益財団法人中谷財団
NEW ENTRY
—
—
—
4.32%
NEW
Sumitomo Mitsui Banking Corporation
三井住友銀行
3.70%
3.96%
3.95%
-0.01%
国立大学法人京都大学
NEW ENTRY
—
—
—
3.33%
NEW
TOAグループ従業員持株会
NEW ENTRY
—
—
—
2.68%
NEW
公益財団法人中谷医工計測技術振興財団
last seen 2024
Exited Top 10
4.03%
4.32%
—
Japan Custody Bank
日本カストディ銀行
last seen 2024
Exited Top 10
2.54%
3.34%
—
井 谷 博 一
last seen 2024
Exited Top 10
3.09%
3.33%
—
Concentration (HHI)
ⓘ
307
338
331
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥8,544M
+19% since 2023
Holdings
5
Trend
2 building
vs 2023
Held Company
FY2025
¥8,544M total
FY2023
¥7,197M total
Book Val ¥M
Shares
Book Val ¥M
Shares
SYSMEX CORPORATION
シスメックス㈱
5,447
+200.0%
↑
1,920,000
5,531
640,000
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
1,636
814,000
690
814,000
M
Inaba Denki Sangyo Co., Ltd.
因幡電機産業㈱
1,062
279,600
808
279,600
M
FURUNO ELECTRIC CO., LTD.
古野電気㈱
207
81,000
79
81,000
M
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
192
+200.0%
↑
50,700
89
16,900
M
Portfolio total
8,544
7,197
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding