1. Japan Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
TOCALO Co., Ltd.

TOCALO Co., Ltd.

TTSE:3433
2,731.00
JPY
-103.00
(-3.63%)
148.67BMarket Cap
Nov 05Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
- -
Basic EPS, GAAP
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
- -
Free Cash Flow per Basic Share
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
- -
Dividend per Share
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
- -
Book Value per Share
390.18
427.37
456.92
504.11
562.09
617.78
662.26
727.04
807.27
884.81
933.05
1,020.01
1,122.56
1,122.56
Tangible Book Value per Share
381.64
419.68
455.32
502.21
557.81
612.93
656.7
722.69
803.47
880.95
928.72
1,010.14
1,112.2
1,112.2
Basic Weighted Avg Shares
61
61
61
61
61
61
61
61
61
61
59
59
59
59
Sales/Revenue/Turnover
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
- -
Operating Margin (%)
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
- -
Depreciation Expense
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
- -
Net Income, GAAP
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
- -
Effective Tax Rate (%)
37.9
34
31.29
26.53
28.02
28.14
30
31.23
29.58
28.67
28.3
29.17
26.39
- -
Profit Margin (%)
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
- -
Working Capital
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
30,615
LT Debt
654
283
117
2,419
1,701
3,337
6,045
4,267
2,825
1,449
3,114
1,888
5,396
5,396
Total Equity
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
72,656
Return on Invested Capital (%)
8.38
10.62
11
12.35
13.36
12.99
9.44
11.5
12.75
12.46
10.28
12.6
13.52
- -
Return on Capital (%)
8.31
10.54
9.74
11.91
12.18
12.27
8.55
9.72
11.79
11.71
9.13
11.11
12.41
- -
Return on Common Equity (%)
9.53
12.2
11.22
13.93
14.92
15.17
11.32
12.94
14.81
14.28
11.58
13.87
15.79
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
1,658
2,172
LT Borrowings
- -
1,532
5,245
LT Finance Leases
- -
- -
151
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
59
59
Market Capitalization
113,144
129,404
148,672

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
38,998
40,875
Cash, Cash Equivalents & STI
- -
16,472
14,735
Accounts Receivable, Net
- -
15,155
16,858
Inventories
- -
6,414
7,311
Total Current Liabilities
- -
14,168
10,260
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,658
2,172
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

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

JPY

•

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

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.34
24.06
21.75
34.42
106.43
2025
- -
- -
- -
- -
135.41
2026
- -
- -
- -
- -
169.18

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
53.3
2025
- -
- -
- -
- -
57.96
2026
- -
- -
- -
- -
74.94

Company Description

Company Profile APIChatGPT
CEO
Kazuya Kobayashi
Full Time Employees
1,573
Sector
Process industries
Industry
Industrial specialties
Address
6-4-4, Minatojimaminami-Machi Kobe HY Japan 650-0047
IPO Date
Dec 19, 2003
Website
tocalo.co.jp
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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.