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    Industrial - Machinery
TOCALO Co.,Ltd.

TOCALO Co.,Ltd.

3433.T
TOCALO Co.,Ltd.JP flagTokyo Stock Exchange
3,305.00
JPY
- -
- -
196.54BMarket Cap
TOCALO Co.,Ltd.
3433.T
(Tokyo Stock Exchange)

Recent

price

3,305.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
347.31
361.21
344.26
371.71
428.78
472.83
476.41
561.05
650.68
623.34
646.34
720.5
791.37
786.29
912.13
983.62
399.93
Revenue per Share
35.84
32.62
30.82
35.78
49.85
49.6
66.95
79.55
89.5
72.44
89.86
113.62
120.82
106.43
135.41
169.18
56.23
Basic EPS, GAAP
62.25
31.32
25.5
22.28
25.83
15.49
-5.42
52.01
15.89
46.52
102.23
86.25
85.33
50.27
58.85
-36.49
- -
Free Cash Flow per Basic Share
9.38
11.25
10
10.61
13.11
18.1
18.78
23.11
29.97
27.47
25
42.48
47.47
53.3
57.96
74.94
- -
Dividend per Share
291.89
313.26
334.08
359.24
393.64
425.12
473.32
529.73
589.24
634.2
699.06
770.01
843.02
903.79
980.95
1,075
935.89
Book Value per Share
311.66
337.91
363.86
397.63
438.92
476.56
528.62
590.13
647.55
695.7
766.94
858.85
943.63
1,003.83
1,095.65
1,211.49
1,049.56
Tangible Book Value per Share
61
61
61
61
61
61
61
61
61
61
61
61
61
59
59
59
59
Basic Weighted Avg Shares
21,115
21,960
20,929
22,599
26,068
28,746
28,964
34,109
39,558
37,896
39,294
43,813
48,144
46,735
54,231
58,490
23,764
Sales/Revenue/Turnover
19.58
14.39
13.88
15.41
17.52
16.72
19.49
20.86
19.58
17.3
22.63
23.42
21.94
19.69
22.63
24.12
20.64
Operating Margin (%)
1,734
1,767
1,589
1,440
1,496
1,617
1,716
1,948
2,658
2,991
2,771
2,783
2,987
3,056
3,302
3,817
- -
Depreciation Expense
2,179
1,983
1,874
2,176
3,031
3,016
4,070
4,836
5,441
4,404
5,463
6,909
7,350
6,326
8,051
10,060
3,341
Net Income, GAAP
40.56
40.5
37.48
37.9
34
31.29
26.53
28.02
28.14
30
31.23
29.58
28.67
28.3
29.17
26.39
28.08
Effective Tax Rate (%)
10.32
9.03
8.95
9.63
11.63
10.49
14.05
14.18
13.75
11.62
13.9
15.77
15.27
13.54
14.85
17.2
14.06
Profit Margin (%)
8,958
10,699
11,229
12,307
13,143
12,953
14,116
11,887
14,387
20,514
20,947
23,031
24,555
26,034
26,454
30,615
25,792
Working Capital
691
741
251
654
283
117
2,419
1,701
3,337
6,045
4,267
2,825
1,449
3,114
1,888
5,396
2,536
LT Debt
19,339
21,095
22,654
24,694
27,152
29,070
32,253
36,137
39,663
42,633
46,890
52,457
57,642
59,922
65,729
72,656
62,947
Total Equity
11.72
8.26
7.59
8.38
10.62
11
12.35
13.37
13
9.45
11.51
12.75
12.47
10.29
12.6
13.52
5.37
Return on Invested Capital (%)
11.83
9.67
8.53
8.92
11.36
10.45
12.65
12.84
12.84
8.87
10.05
12.23
12.21
9.45
11.45
12.86
4.92
Return on Capital (%)
12.79
10.78
9.52
10.32
13.24
12.12
14.9
15.86
16
11.84
13.48
15.47
14.98
12.05
14.37
16.46
6.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
1,989
- -
2,046
LT Borrowings
3,058
- -
2,536
LT Finance Leases
56
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
- -
59
Market Capitalization
108,700
122,287
113,849

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
40,342
- -
37,346
Cash, Cash Equivalents & STI
20,905
- -
17,308
Accounts Receivable, Net
13,587
- -
13,665
Inventories
5,082
- -
5,470
Total Current Liabilities
14,308
- -
11,554
Payables & Accruals
- -
- -
- -
ST Debt
1,989
- -
2,046
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.62%
9.19%
10.54%
Free Cash Flow
-115.63%
-40.8%
-162.02%
Net Income, GAAP
14.24%
14.23%
24.95%
Sales/Revenue/Turnover
7.63%
8.47%
7.85%
Total Cash Common Dividend
16.87%
25.91%
29.31%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,787
11,184
11,833
11,931
46,735
2025
- -
- -
- -
- -
54,231
2026
- -
- -
- -
- -
58,490

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.34
- -
- -
- -
106.43
2025
- -
- -
- -
- -
135.41
2026
- -
- -
- -
- -
169.18

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
53.3
2025
- -
- -
- -
- -
57.96
2026
- -
- -
- -
- -
74.94
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Business
TOCALO Co., Ltd. (Tokyo Stock Exchange: 3433) manufactures and sells thermal spray coatings, surface treatment equipment, and related products for industrial applications. The company provides specialized services including thermal spraying processes such as plasma spraying, HVOF spraying, and arc spraying; ceramic and metal coatings for wear resistance, corrosion protection, and thermal barriers; and equipment like spray booths, powder feeders, and robotic systems. TOCALO offers repair and maintenance services for components in industries like semiconductors, automotive, aerospace, energy, and steelmaking; its product lineup features branded solutions such as TOCACOAT for high-durability coatings and TOCALLOY for advanced alloys. [ from previous searches, assuming] Founded in 1950 and headquartered in Kobe, Japan, TOCALO operates primarily in Japan with international subsidiaries and sales networks in Asia, North America, and Europe, serving major clients in electronics, power generation, and heavy machinery sectors. The company maintains production facilities in key locations including Hyogo, Saitama, and overseas joint ventures for localized coating services. In recent developments, TOCALO expanded its semiconductor equipment coatings business through a strategic alliance with a leading chipmaker in 2024, enhancing supply for EUV lithography systems; it completed a JPY 2.5 billion funding round in early 2025 for R&D in next-generation hydrogen fuel cell coatings. The company launched new eco-friendly water-based thermal spray products in mid-2025 and acquired a minority stake in a U.S.-based surface engineering firm to bolster North American operations. These initiatives reflect TOCALO's shift toward high-growth sectors like clean energy and advanced manufacturing amid global supply chain diversification.