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Tokushu Tokai Paper Co 3708.T · JPY

Materials · Tokyo Stock Exchange · 🇯🇵 Japan

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2,186

+2.63%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥95.41bn

FY2017FY2026

Net income

¥4.37bn

FY2017FY2026

Free cash flow

¥1.66bn

FY2017FY2026

Shareholders' equity

¥83.46bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥95.41bn¥94.80bn¥86.52bn¥84.13bn¥80.71bn¥76.40bn¥80.60bn¥81.90bn¥79.09bn¥77.72bn
Gross profit¥13.19bn¥11.81bn¥9.68bn¥8.21bn¥11.15bn¥10.55bn¥10.43bn¥10.42bn¥11.16bn¥13.70bn
Research and development—¥574.0m¥536.0m¥629.0m¥935.0m¥916.0m¥1.01bn¥861.0m¥881.0m¥813.0m
Operating income¥4.30bn¥3.93bn¥2.45bn¥1.78bn¥4.23bn¥3.42bn¥3.06bn¥3.35bn¥3.93bn¥4.71bn
Net income¥4.37bn¥3.61bn¥4.59bn¥4.13bn¥5.25bn¥5.59bn¥3.69bn¥4.21bn¥2.19bn¥3.85bn
Diluted earnings per share123.72102.86130.03116.24147.18138.8691.34100.7352.4589.58

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥141.31bn¥140.77bn¥134.27bn¥124.15bn¥126.82bn¥129.70bn¥133.92bn¥131.30bn¥128.83bn¥131.80bn
Cash and short-term investments¥7.81bn¥11.38bn¥13.43bn¥10.30bn¥12.06bn¥13.53bn¥10.18bn¥8.89bn¥10.55bn¥11.47bn
Total liabilities¥51.20bn¥54.93bn¥50.34bn¥45.57bn¥48.25bn¥49.41bn¥56.24bn¥55.58bn¥56.06bn¥57.13bn
Debt¥26.49bn¥29.60bn¥27.21bn¥24.64bn¥24.79bn¥24.82bn¥30.76bn¥29.20bn¥32.14bn¥32.51bn
Shareholders' equity¥83.46bn¥78.68bn¥77.01bn¥72.23bn¥72.29bn¥73.61bn¥71.06bn¥69.19bn¥66.48bn¥68.53bn
Shares outstanding35m35m35m36m36m40m40m42m42m43m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥9.89bn¥8.77bn¥11.40bn¥2.58bn¥9.58bn¥11.64bn¥11.01bn¥8.24bn¥8.77bn¥11.97bn
Capital spending−¥8.24bn−¥9.90bn−¥6.31bn−¥4.76bn−¥7.39bn−¥8.47bn−¥7.77bn−¥7.87bn−¥4.95bn−¥11.12bn
Free cash flow¥1.66bn−¥1.13bn¥5.09bn−¥2.18bn¥2.19bn¥3.17bn¥3.24bn¥368.0m¥3.82bn¥854.0m
Dividends paid−¥1.45bn−¥1.53bn−¥1.18bn−¥1.45bn−¥1.67bn−¥1.03bn−¥1.04bn−¥693.0m−¥1.02bn−¥744.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥25.23bn¥23.51bn¥23.99bn¥23.63bn¥24.28bn¥23.55bn¥24.68bn¥23.87bn
Gross profit¥3.75bn¥3.18bn¥3.35bn¥3.21bn¥3.45bn¥3.19bn¥3.11bn¥2.92bn
Operating income¥1.47bn¥755.0m¥1.18bn¥1.03bn¥1.33bn¥1.05bn¥1.00bn¥825.0m
Net income¥1.65bn¥341.0m¥1.72bn¥937.0m¥1.37bn−¥94.0m¥1.60bn¥689.0m
Diluted earnings per share46.629.6649.0526.7239.07-2.6845.4419.52
Cash from operations———————¥2.49bn
Capital spending———————−¥1.89bn
Free cash flow———————¥594.0m
Total assets¥141.86bn¥141.31bn¥143.83bn¥139.39bn¥137.66bn¥140.77bn¥136.63bn¥132.60bn
Cash and short-term investments¥7.53bn¥7.81bn¥10.48bn¥8.65bn¥8.90bn¥11.38bn¥10.59bn¥10.12bn
Debt¥12.37bn¥26.49bn¥18.13bn¥28.05bn¥15.65bn¥29.27bn¥13.95bn¥26.20bn
Shareholders' equity¥84.49bn¥83.46bn¥82.79bn¥81.12bn¥79.26bn¥78.68bn¥78.06bn¥77.98bn

Financial ratios

Data as of 15 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin13.8%12.5%11.2%9.8%13.8%13.8%—
Operating margin4.5%4.1%2.8%2.1%5.2%4.5%—
Net margin4.6%3.8%5.3%4.9%6.5%7.3%—
Return on equity5.2%4.6%6.0%5.7%7.3%7.6%—
Return on assets3.1%2.6%3.4%3.3%4.1%4.3%—
Free cash flow yield23.6%24.5%23.1%9.5%21.9%23.0%—
Revenue growth0.6%9.6%2.8%4.2%5.6%-5.2%—
Earnings growth21.1%-21.4%11.1%-21.3%-6.1%51.4%—
Current ratio1.53x1.56x1.61x1.63x1.41x1.57x—
Debt to equity0.32x0.37x0.35x0.34x0.34x0.34x—
Equity ratio59.1%55.9%57.4%58.2%57.0%56.8%—
Interest coverage14.67x19.35x15.79x12.98x30.89x17.39x—
R&D as a share of sales—0.6%0.6%0.7%1.2%1.2%1.3%
Buybacks as a share of market value-0.7%0.7%0.7%0.4%11.4%0.4%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue4.3%4.5%2.0%
Operating income34.2%4.6%1.4%
Net income1.9%-4.8%5.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin13.1%11.9%12.5%13.6%
Operating margin4.3%3.5%3.9%4.2%
Net margin4.2%4.6%5.3%4.8%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings18.115.49.311.36.49.918.213.426.115.8
Price to sales0.80.60.50.60.40.70.80.70.70.8

Dividends and splits

Per share, in the currency the company pays

Paid for 18 years. Last went ex-dividend on 29 Sept 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year47.0073.66743.33333.33340.0041.66725.0025.00
  • 3-for-1 split · 29 Sept 2025
  • 10-to-1 reverse split · 28 Sept 2016

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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