1. Japan Stocks

  2. •

    Industrials

  3. •

    Specialty Business Services
Toppan Inc.

Toppan Inc.

TOPPY
Toppan Inc.US flagOther OTC
14.83
USD
+0.15
- -
8.36BMarket Cap
Toppan Inc.
TOPPY
(Other OTC)

Recent

price

14.83

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
2,418.7
2,349.03
2,338.97
2,386.19
2,381.43
2,303.08
2,232.94
2,256.77
2,275.59
2,228.3
2,121.37
2,294.06
2,491.48
2,675.31
2,971.93
3,162.52
1,404.37
Revenue per Share
18.89
4.77
28.9
32.12
35.67
55.04
50.75
65.66
63.77
130.53
118.58
182.6
92.53
118.28
155.8
113.54
90.11
Basic EPS, GAAP
63.38
15.34
63.38
70.44
42.28
55.54
46.17
-25.44
4.31
16.09
11.65
14.05
33.42
88.03
-135.48
-108.34
- -
Free Cash Flow per Basic Share
22.05
16.05
18.07
18.07
18.09
18.12
19.1
20.13
20.12
19.93
30.22
20.19
23.28
24.9
25.78
30.56
- -
Dividend per Share
1,068.07
1,057.69
1,069.73
1,084.26
1,100.49
1,137
1,167.38
1,208.32
1,251.78
1,314.99
1,356.42
1,550.82
1,661.62
1,769.22
1,991.85
1,919.82
1,761.31
Book Value per Share
1,311.87
1,318.47
1,351.8
1,386.59
1,645.82
1,623.29
1,788.77
1,969.84
2,006.47
1,890.28
2,031.78
2,006.73
2,077.94
2,352.81
2,301.04
1,977.34
2,310.42
Tangible Book Value per Share
644
643
642
642
641
640
641
644
644
667
692
675
658
627
579
571
625
Basic Weighted Avg Shares
1,556,457
1,510,414
1,502,307
1,532,042
1,526,914
1,474,682
1,431,595
1,452,751
1,464,755
1,486,007
1,466,935
1,547,533
1,638,833
1,678,249
1,719,512
1,805,033
877,974
Sales/Revenue/Turnover
7.15
2.09
2.14
2.33
2.68
3.29
3.6
3.61
3.12
4.47
4.01
4.75
4.68
4.43
4.95
3.72
5.57
Operating Margin (%)
82,939
80,923
67,965
62,473
61,176
59,691
58,535
60,218
60,285
55,953
64,883
66,581
75,464
86,876
81,668
87,749
- -
Depreciation Expense
12,153
3,068
18,562
20,621
22,868
35,245
32,535
42,267
41,049
87,047
81,997
123,182
60,866
74,198
90,144
64,801
56,334
Net Income, GAAP
49.24
6.4
44.35
39.58
40.95
22.04
27.61
25.47
35.42
33.49
35.58
28.62
30.62
30.11
45.97
32.42
30.21
Effective Tax Rate (%)
0.78
0.2
1.24
1.35
1.5
2.39
2.27
2.91
2.8
5.86
5.59
7.96
3.71
4.42
5.24
3.59
6.42
Profit Margin (%)
396,122
359,886
347,524
416,529
409,192
390,102
453,215
434,063
395,931
412,773
630,502
554,640
638,688
652,415
584,021
544,391
570,585
Working Capital
281,665
232,263
224,040
299,586
254,345
208,339
226,129
243,450
198,396
183,135
283,581
188,309
184,243
152,967
142,201
379,358
132,474
LT Debt
864,016
866,217
888,419
913,105
1,082,841
1,066,850
1,171,957
1,303,673
1,328,871
1,310,231
1,453,163
1,437,206
1,452,168
1,567,040
1,418,606
1,410,066
1,534,582
Total Equity
4.67
2.52
1.54
1.77
1.79
2.69
2.67
2.6
1.85
2.74
2.22
2.98
3.12
2.98
2.44
2.31
1.95
Return on Invested Capital (%)
0.84
0.11
1.58
1.64
1.7
2.66
2.02
3.2
3.44
6.96
6.26
8.69
3.46
4.41
5.15
3.72
3.32
Return on Capital (%)
1.77
0.45
2.72
2.98
3.26
4.92
4.41
5.54
5.18
10.35
9.04
12.42
5.69
6.74
7.97
5.76
5.21
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
55,488
- -
47,524
LT Borrowings
152,967
- -
132,474
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
314
- -
301
Market Capitalization
1,251,138
1,412,978
1,268,856

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
1,196,642
- -
1,057,712
Cash, Cash Equivalents & STI
558,028
- -
460,653
Accounts Receivable, Net
441,810
- -
399,414
Inventories
148,302
- -
161,657
Total Current Liabilities
544,227
- -
487,127
Payables & Accruals
- -
- -
- -
ST Debt
55,488
- -
47,524
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.03%
-0.44%
-0.6%
Free Cash Flow
1.08%
7.53%
-21.11%
Net Income, GAAP
14.05%
2.98%
-28.11%
Sales/Revenue/Turnover
2.08%
4.25%
4.97%
Total Cash Common Dividend
6.32%
-1.59%
16.91%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
387,734
412,541
415,533
462,441
1,678,249
2025
- -
- -
- -
- -
1,719,512
2026
- -
- -
- -
- -
1,805,033

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14.51
- -
- -
- -
118.28
2025
- -
- -
- -
- -
155.8
2026
- -
- -
- -
- -
113.54

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
24.9
2025
- -
- -
- -
- -
25.78
2026
- -
- -
- -
- -
30.56
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Business
TOPPAN Inc. is a leading global provider of integrated solutions with core business activities centered on printing technologies. Founded in 1900 and headquartered in Tokyo, Japan, the company operates primarily through three segments: Information & Communication; Living & Industry; and Electronics. Its product portfolio includes commercial printing services; security printing and document management solutions; packaging products such as flexible packaging, barrier films, and thermoformed packaging; décor materials including decorative sheets and wallpaper; and electronics products such as photomasks, optical films, and LCD modules. Additionally, the company manufactures synthetic resin products and operates bottling and contract beverage filling businesses. In the last two years, TOPPAN has undergone significant strategic transformations, including the acquisition of Sonoco’s Thermoformed & Flexibles Packaging business in December 2024 to scale up its global sustainable packaging solutions. It launched a hybrid manufacturing line for BOPP and BOPE films focused on sustainable packaging in November 2025 and expanded into new markets with alternative business offerings such as sales support for Japanese anime and manga merchandise in the UK in mid-2025. The company also rebranded its photomask business to Tekscend Photomask to enhance global recognition. TOPPAN focuses on innovation in sustainable materials and digital transformation across its business portfolio. TOPPAN's geographic footprint spans Japan, Asia, the Americas, and Europe through its various subsidiaries such as TOPPAN USA, TOPPAN Europe, and other regional companies, supporting a diverse customer base across industrial, commercial, and consumer sectors. The company emphasizes digital and sustainable transformation under its Medium-Term Plan, aligning business growth with sustainability objectives to enhance corporate value. As of 2025, TOPPAN consolidates its multidisciplinary expertise to integrate printing technologies into advanced electronic, communication, packaging, and décor solutions on a global scale.