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Toa Road Corporation (1882.T)

JPY1,595.00 +21.00 (+1.33%)
JP JPX Industrials Engineering & Construction
Address 7-3-7 Roppongi 106-0032
Tokyo, JP
CEO Kyouichi Morishita
IPO 2001-01-01
ISIN JP3558000000

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Description

Established in Tokyo in 1930, Toa Road Corporation is a Japanese civil engineering firm. The company specializes in the construction and enhancement of vital infrastructure, including road networks, expressways, and national routes, alongside related structures like bridges and tunnels. Beyond roads, their expertise extends to significant civil works such as airport development, high-speed rail, railway container yards, and photovoltaic power generation projects. They are also actively involved in regional development initiatives and disaster recovery efforts. A core component of their operations is the manufacturing and sale of a diverse array of paving materials. This includes various asphalt types, such as emulsions for roads, railways, landscape, and sports facilities; standard asphalt mixtures; and specialized polymer-modified asphalt designed for demanding conditions like heavy traffic, porous pavements, bridge decks, or cold climates. They also produce pavement materials for general applications like garages and bridges, as well as specialized landscaping solutions for historical sites and parks, and sports surfaces for running tracks, baseball stadiums, tennis courts, and bicycle racetracks. Furthermore, Toa Road Corporation provides environmental services, encompassing the surveying and remediation of soil pollution, and designs and builds underground reservoirs. They undertake demolition for urban redevelopment projects, clearing buildings, factories, and chimneys. The company also offers comprehensive road maintenance planning, integrating advanced pavement management techniques from inspection and diagnosis to performance evaluation, forecasting, and rehabilitation design, all supported by asset management principles.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY1,595.00 +21.00 (+1.33%)
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Volume Profile
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Liquidity & share structure
Average Volume
270.9K
Beta
0.32
Float Shares
30.36M
Free Float %
65.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.96% -2.63% -9.33% -18.12% +0.32% -9.55% +5.14% +71.71% +253.99% +324.59% +696.92%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,595.00
DCF (Unlevered) 2,000.89 +25.4%
DCF (Levered) 1,594.97 0.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.71
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    -4.2% Q1'26: -2.1% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    -16.8% Q1'26: +5.3% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +8.6% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +4.8% Q1'26: +8.2% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +8.1% Q1'26: +15.7% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    -0.2% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    0.78× Q1'26: 0.39× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.33) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,429.00 Current price: 1,595.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-11 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-08 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 3/5 3/5 4/5
2026-05-01 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-04-27 B+ 3/5 4/5 2/5 4/5 2/5 3/5 3/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 2/5 3/5 3/5
2026-04-23 B+ 3/5 4/5 2/5 4/5 2/5 3/5 3/5
2026-04-22 B+ 3/5 4/5 2/5 4/5 2/5 3/5 3/5
2026-04-21 B 3/5 4/5 2/5 4/5 2/5 2/5 3/5
2026-04-20 B 3/5 4/5 2/5 4/5 2/5 2/5 3/5
2026-04-17 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5
2026-04-16 B 3/5 3/5 2/5 4/5 2/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.15B
OE per share TTM
24.94
Owner's Yield
1.61%
Maintenance CapEx ratio
35.26%
Maint CapEx / Avg PPE
18.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 33 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Japan SmallCap Dividend Fund DFJ 0.14% 527.7K 0.58%
2 State Street SPDR S&P International Small Cap ETF GWX 0.08% 731.4K 0.40%
3 WisdomTree International SmallCap Dividend Fund DLS 0.05% 521.5K 0.58%
4 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.05% 205.0K 0.48%
5 WisdomTree International High Dividend Fund DTH 0.03% 199.7K 0.58%
6 Schwab International Small-Cap Equity ETF SCHC 0.02% 836.7K 0.06%
7 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.48M 0.06%
8 iShares Core TOPIX ETF 1475.T 0.00% 860.6K 0.05%
9 Avantis Responsible International Equity ETF AVSD 0.00% 19.7K 0.23%
10 Dimensional - International Small Cap ETF DFIS 0.00% 177.3K 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.91M
Shares Outstanding
46.21M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Katsuo Tokura Executive Officer & Accounting Manager
Kazuhiko Ohtake Managing Executive Officer
Kazuhiro Yoshida Managing Executive Officer
Kunihiko Oka Managing Executive Officer
Kyouichi Morishita President & Chairman male
Masataka Sugizaki Senior Managing Executive Officer
Masatoshi Murayama Managing Executive Officer
Naoki Nakamura Managing Executive Officer, GM of the Administration Division & Director male
Satoru Horinouchi Executive Vice President, GM of Construction Division & Representative Director male
Takashi Tako Managing Executive Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits