8151
TOYO Corporation
株式会社東陽テクニカ
Wholesale Trade
TOYO Corporation provides measurement solutions in Japan. The company provides advanced measurement technologies for energy; equipment and solutions for measurement, analysis, and experimental data management to support research and development of transportation equipment such as automobiles and trains, as well as noise and vibration, and safety and durability of industrial machinery; and standard compliance testing services and solutions. It also offers test systems and analysis/monitoring systems; software development lifecycle products and services; and electromagnetic compatibility compliance testing and over the air measurement systems for 5G and connected vehicles, as well as installs, support, and maintains large parabolic antenna ground systems. In addition, the company provides ocean survey and measurement equipment for offshore, underwater, and submarine applications, as well as port areas; measurement technologies to cyber security products and services; and medical imaging solutions, including interpretation support systems for chest X-ray and CT images, and 2D and 3D preoperative digital planning tools in orthopedic surgery. Further, it develops customized products and autonomous driving/advanced driver assistance system. The company was formerly known as TOYO Trading Co., Ltd. and changed its name to TOYO Corporation in February 1977. The company was incorporated in 1946 and is headquartered in Tokyo, Japan.
Read more
← Companies
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥32.6B
¥35.0B
¥28.2B
¥26.5B
¥23.5B
Cost of Sales
¥18.4B
¥19.9B
¥16.6B
¥14.9B
¥13.2B
Gross Profit
¥14.2B
¥15.2B
¥11.5B
¥11.6B
¥10.3B
SG&A
¥12.3B
¥11.8B
¥10.1B
¥9.2B
¥8.6B
Operating Income
¥1.9B
¥3.4B
¥1.5B
¥2.3B
¥1.7B
Non-Operating Income
¥219M
¥157M
¥447M
¥506M
¥571M
Dividend Income
¥27M
¥18M
¥32M
¥65M
¥124M
Interest Income
¥40M
¥52M
¥93M
¥119M
¥94M
Non-Operating Expenses
¥148M
¥148M
¥118M
¥61M
¥65M
Interest Expense
¥19M
¥6M
¥0M
¥1M
¥3M
Ordinary Income
¥2.0B
¥3.4B
¥1.8B
¥2.8B
¥2.2B
Pre-tax Income
¥2.0B
¥3.3B
¥2.2B
¥2.8B
¥2.6B
Income Taxes
¥767M
¥797M
¥708M
¥904M
¥836M
Current Tax
¥901M
¥821M
¥661M
¥542M
¥858M
Deferred Tax
¥-134M
¥-24M
¥47M
¥363M
¥-22M
Net Income (owners)
¥1.2B
¥2.5B
¥1.5B
¥1.9B
¥1.7B
Minority Interest
¥-6M
—
—
—
—
Comprehensive Income
¥1.6B
¥2.4B
¥1.6B
¥1.7B
¥1.5B
EBITDA
¥3.1B
¥4.5B
¥2.3B
¥3.3B
¥2.7B
Goodwill Amort. (J-GAAP)
¥200M
¥159M
¥38M
¥25M
¥21M
EPS
¥55.55
¥112.95
¥67.50
¥81.16
¥70.97
Shares Outstanding
21.5M
21.5M
22.4M
23.4M
23.6M
Shares Issued (total)
26.1M
26.1M
26.1M
26.1M
26.1M
Treasury Shares
4.5M
4.6M
3.7M
2.7M
2.4M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥39.9B
¥39.1B
¥40.0B
¥41.6B
¥38.9B
Current Assets
¥19.5B
¥18.4B
¥16.7B
¥17.0B
¥21.6B
Cash & Deposits
¥3.7B
¥3.1B
¥2.7B
¥3.8B
¥3.5B
Trade Receivables
¥5.4B
¥6.2B
¥4.5B
¥4.8B
—
Non-Current Assets
¥20.4B
¥20.7B
¥23.2B
¥24.5B
¥17.3B
PP&E
¥12.9B
¥13.1B
¥16.0B
¥15.0B
¥8.2B
Goodwill
¥1.5B
¥1.6B
¥268M
¥93M
¥95M
Intangible Assets
¥2.4B
¥2.5B
¥1.2B
¥948M
¥935M
Investment Securities
¥2.4B
¥2.4B
¥3.5B
¥6.0B
¥5.5B
Deferred Tax Assets
¥859M
¥812M
¥725M
¥804M
¥820M
Total Liabilities
¥11.8B
¥11.0B
¥11.6B
¥12.2B
¥9.1B
Current Liabilities
¥10.8B
¥9.9B
¥10.8B
¥7.3B
¥4.4B
Accounts Payable
¥1.7B
¥1.7B
¥1.7B
¥1.8B
¥1.4B
ST Debt
¥2.7B
¥2.0B
—
—
—
Taxes Payable
¥580M
¥592M
¥428M
¥154M
¥508M
Non-Current Liabilities
¥1.0B
¥1.1B
¥816M
¥4.9B
¥4.8B
Pension Obligations
¥800M
¥810M
¥672M
¥655M
¥643M
Total Equity
¥28.1B
¥28.1B
¥28.3B
¥29.4B
¥29.7B
Capital Stock
¥4.2B
¥4.2B
¥4.2B
¥4.2B
¥4.2B
Capital Surplus
¥4.6B
¥4.6B
¥4.6B
¥4.6B
¥4.6B
Retained Earnings
¥24.9B
¥25.2B
¥24.0B
¥23.7B
¥23.4B
Treasury Stock
¥-5.8B
¥-5.8B
¥-4.5B
¥-3.0B
¥-2.7B
AOCI
¥189M
¥-180M
¥-41M
¥-119M
¥148M
Equity (owners)
¥27.8B
¥28.2B
¥28.3B
¥29.4B
¥29.5B
Minority Interests
¥43M
¥47M
—
—
—
Total Interest-Bearing Debt ⓘ
¥2.7B
¥2.0B
—
—
—
Net Cash ⓘ
¥958M
¥1.1B
¥2.7B
¥3.8B
¥3.5B
NCAV ⓘ
¥7.7B
¥7.4B
¥5.1B
¥4.9B
¥12.5B
NCAV/Share
¥356
¥344
¥227
¥207
¥527
BV/Share
¥1,291
¥1,309
¥1,264
¥1,255
¥1,245
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.2B
¥4.1B
¥-105M
¥1.8B
¥6.1B
Interest Paid
¥-18M
¥-6M
¥-0M
¥-1M
¥-3M
Interest Received
¥68M
¥75M
¥153M
¥195M
¥241M
D&A
¥979M
¥992M
¥835M
¥917M
¥947M
Goodwill Amort.
¥200M
¥159M
¥38M
¥25M
¥21M
Investing CF
¥-770M
¥-2.9B
¥1.8B
¥-1.7B
¥-5.3B
CapEx
¥470M
¥1.6B
¥1.4B
¥7.1B
¥269M
Purchase Investments
¥-553M
¥-595M
¥-403M
¥-1.7B
¥-1.6B
Proceeds from Invest.
¥37M
¥1.2B
¥3.2B
—
¥1.7B
Financing CF
¥-972M
¥-736M
¥-2.9B
¥-1.5B
¥-2.2B
Dividends Paid
¥-1.6B
¥-1.3B
¥-1.2B
¥-1.1B
¥-982M
Share Buybacks
¥-100M
¥-1.4B
¥-1.7B
¥-373M
¥-1.1B
Free Cash Flow
¥1.7B
¥2.5B
¥-1.5B
¥-5.3B
¥5.8B
Net Change in Cash
¥566M
¥432M
¥-1.1B
¥-1.2B
¥-1.4B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
4.3%
9.0%
5.3%
6.5%
5.8%
ROA
3.0%
6.4%
3.8%
4.8%
4.5%
EPS
¥55.55
¥112.95
¥67.50
¥81.16
¥70.97
DPS
¥69.00
¥68.00
¥54.00
¥50.00
¥43.00
BPS
¥1,299.65
¥1,300.50
¥1,262.58
¥1,249.91
¥1,251.60
FCF/Share
¥80
¥118
¥-67
¥-227
¥244
NCAV/Share
¥356
¥344
¥227
¥207
¥527
Payout Ratio
124.2%
60.2%
80.0%
61.6%
60.6%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 2
Date Activist Stake Event Flag Demands Source
2025-12-19
Sumitomo Mitsui DS Asset Management Company, Limited
5.11%
+1.03%
initial_5pct
Passive
—
2024-07-22
Sumitomo Mitsui DS Asset Management Company, Limited
4.08%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
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)
3,381
15.69%
2
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
2,441
11.33%
3
NOMURA CUSTODY NOMINEES LIMITED OMNIBUS-FULLY PAID (CASHPB) (常任代理人 野村證券株式会社)
1,166
5.41%
4
RBC IST 15 PCT NON LENDING ACCOUNT- CLIENT ACCOUNT (常任代理人 シティバンク、エヌ・エイ東京支店)
1,072
4.97%
5
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
1,036
4.80%
6
Employee Stock Ownership Plan
東陽テクニカ従業員持株会
1,002
4.65%
7
Nippon Life Insurance
日本生命保険相互会社
343
1.59%
8
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行)
287
1.33%
9
BANK JULIUS BAER AND CO., LTD. (常任代理人 株式会社三菱UFJ銀行)
268
1.24%
10
丸三証券株式会社
226
1.05%
Domestic Nominees
27.0%
+1.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.3%
-0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
23.7%
-0.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
12.80%
14.91%
15.69%
+0.78%
Japan Custody Bank
日本カストディ銀行
13.18%
11.11%
11.33%
+0.22%
NOMURA CUSTODY NOMINEES LIMITED OMNIBUS-FULLY PAID (CASHPB)
NEW ENTRY
—
—
—
5.41%
NEW
RBC IST 15 PCT NON LENDING ACCOUNT- CLIENT ACCOUNT
—
4.91%
4.97%
+0.06%
Meiji Yasuda Life Insurance
明治安田生命保険
4.63%
4.81%
4.80%
-0.01%
Employee Stock Ownership Plan
東陽テクニカ従業員持株会
4.10%
4.49%
4.65%
+0.16%
Nippon Life Insurance
日本生命保険
1.53%
1.59%
1.59%
JP Morgan
—
1.35%
1.33%
-0.02%
BANK JULIUS BAER AND CO., LTD.
1.64%
1.24%
1.24%
丸三証券
NEW ENTRY
—
—
—
1.05%
NEW
CGML PB CLIENT ACCOUNT/COLLATERAL
last seen 2024
Exited Top 10
4.80%
4.70%
—
野村とき
last seen 2024
Exited Top 10
2.10%
2.18%
—
式会社三菱UFJ銀行
last seen 2023
Exited Top 10
1.20%
—
—
RBC IST 15 PCT NON LENDING ACCOUNT-CLIENT ACCOUNT
last seen 2023
Exited Top 10
4.73%
—
—
Concentration (HHI)
ⓘ
432
446
480
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved