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TOCALO Co.,Ltd. (3433.T)

JPY3,150.00 +130.00 (+4.30%)
JP JPX Industrials Industrial - Machinery
Address 6-4-4, Minatojimaminami-Machi 650-0047
Kobe, JP
CEO Kazuya Kobayashi
Website tocalo.co.jp
IPO 2003-12-19
ISIN JP3552290003

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Description

TOCALO Co.,Ltd., a Japanese company with its headquarters in Kobe, specializes in pioneering surface modification technologies for both domestic and international markets. The firm produces a variety of high-performance functional coatings, employing an extensive array of thermal spraying techniques. These include advanced processes like vacuum and atmospheric plasma, electric arc, high velocity oxy-fuel (HVOF), and suspension plasma spraying, alongside SDC thick coatings and traditional powder, rod, and wire flame spraying methods. Furthermore, TOCALO offers other specialized surface enhancement solutions, such as CDC-ZAC coating, the TD process, PTA process, WIN KOTE, PVD process, and laser cladding. Its sophisticated products are integral to a broad spectrum of industries, including semiconductor and flat panel displays, iron and steel, medical equipment, power generation, diverse transportation and industrial machinery, pulp and paper, petrochemical plants, plastics and films, construction, food production, and cutting tools. Originally established in 1951 as Toyo Calorizing Industry Co., Ltd., the company officially changed its name to TOCALO Co.,Ltd. in 1981.

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
JPY3,150.00 +130.00 (+4.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
242.5K
Beta
0.86
Float Shares
53.71M
Free Float %
90.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.69% +3.76% +16.27% +17.22% +56.15% +48.72% +84.58% +147.02% +142.86% +620.65% +1,142.13%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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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
3,150.00
DCF (Unlevered) 2,275.97 -27.7%
DCF (Levered) 3,008.46 -4.5%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
9.54
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Industrial - Machinery: +7.4%
    +7.9% ★ Q1'26: +10.8% (vs Q1'25)
  • ✓
    EPS growth Industrial - Machinery: +15.6%
    +24.9% ★ Q1'26: +59.2% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Industrial - Machinery: +38.2%
    +6.5% Q1'26: +0.0% (vs Q1'25)
  • ✓
    EBIT margin Industrial - Machinery: +10.0%
    +24.1% ★ Q1'26: +28.8% (vs Q1'25)
  • ✓
    ROIC Industrial - Machinery: +6.8%
    +17.2% ★ Q1'26: +24.1% (vs Q1'25)
  • ✗
    Share dilution Industrial - Machinery: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    0.16× ★ Q1'26: 0.13× (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 (0.85) × ERP
WACC = 98% × Ke + 2% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 2,258.12 Current price: 3,150.00
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

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

Consensus Estimates
Metric Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
3 Rev. Ana.
3 EPS Ana. 		Mar 2027
1 Rev. Ana.
1 EPS Ana. 		Mar 2028
3 Rev. Ana.
3 EPS Ana. 		Mar 2029
1 Rev. Ana.
1 EPS Ana. 		Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
26.07B
est: 25.50B (+2.2%)
28.75B
est: 28.00B (+2.7%)
28.96B
est: 28.70B (+0.9%)
34.11B
est: 34.00B (+0.3%)
39.56B
est: 40.00B (-1.1%)
37.90B
est: 37.80B (+0.3%)
39.29B
est: 38.70B (+1.5%)
43.81B
est: 43.80B (+0.0%)
48.14B
est: 48.50B (-0.7%)
46.74B
est: 47.81B (-2.3%)
54.23B
est: 54.03B (+0.4%)
57.95B
57.31B – 58.32B
+7.3% YoY
65.40B
63.66B – 68.18B
+12.9% YoY
72.00B
68.24B – 77.99B
+10.1% YoY
75.50B
73.49B – 78.70B
+4.9% YoY
81.40B
79.23B – 84.85B
+7.8% YoY
EBITDA
6.06B
est: 7.35B (-17.5%)
6.42B
est: 8.07B (-20.4%)
7.36B
est: 8.27B (-11.0%)
9.06B
est: 9.80B (-7.5%)
10.40B
est: 11.53B (-9.8%)
9.54B
est: 10.89B (-12.4%)
11.66B
est: 11.15B (+4.6%)
13.04B
est: 12.62B (+3.3%)
13.55B
est: 13.98B (-3.1%)
12.25B
est: 13.63B (-10.1%)
15.57B
est: 15.40B (+1.1%)
16.52B
16.34B – 16.62B
+7.3% YoY
18.64B
18.14B – 19.43B
+12.9% YoY
20.52B
19.45B – 22.23B
+10.1% YoY
21.52B
20.95B – 22.43B
+4.9% YoY
23.20B
22.58B – 24.19B
+7.8% YoY
EBIT
4.57B
est: 5.70B (-19.9%)
4.81B
est: 6.26B (-23.3%)
5.65B
est: 6.42B (-12.1%)
7.11B
est: 7.61B (-6.5%)
7.74B
est: 8.95B (-13.5%)
6.55B
est: 8.46B (-22.5%)
8.89B
est: 8.66B (+2.7%)
10.26B
est: 9.80B (+4.7%)
10.56B
est: 10.85B (-2.7%)
9.20B
est: 10.55B (-12.8%)
12.27B
est: 11.92B (+3.0%)
12.78B
12.64B – 12.86B
+7.3% YoY
14.42B
14.04B – 15.04B
+12.9% YoY
15.88B
15.05B – 17.20B
+10.1% YoY
16.65B
16.21B – 17.36B
+4.9% YoY
17.95B
17.47B – 18.72B
+7.8% YoY
Net Income
3.03B
est: 2.88B (+5.1%)
3.02B
est: 3.32B (-9.3%)
4.07B
est: 3.42B (+18.9%)
4.84B
est: 4.79B (+0.9%)
5.44B
est: 5.77B (-5.6%)
4.40B
est: 4.40B (+0.1%)
5.46B
est: 5.29B (+3.2%)
6.91B
est: 6.84B (+1.0%)
7.35B
est: 7.23B (+1.7%)
6.33B
est: 6.67B (-5.2%)
8.05B
est: 7.80B (+3.2%)
8.83B
8.51B – 9.15B
+13.1% YoY
10.60B
10.04B – 10.97B
+20.0% YoY
12.00B
11.54B – 14.31B
+13.2% YoY
11.70B
11.66B – 12.74B
-2.5% YoY
13.37B
12.91B – 14.11B
+14.3% YoY
SGA
3.65B
est: 2.97B (+22.9%)
4.07B
est: 3.26B (+24.8%)
4.10B
est: 3.35B (+22.5%)
4.63B
est: 3.96B (+16.8%)
4.95B
est: 4.66B (+6.2%)
4.98B
est: 4.41B (+13.1%)
4.58B
est: 4.51B (+1.6%)
5.04B
est: 5.11B (-1.3%)
5.42B
est: 5.65B (-4.2%)
5.54B
est: 5.56B (-0.4%)
6.45B
est: 6.29B (+2.6%)
6.74B
6.67B – 6.79B
+7.3% YoY
7.61B
7.41B – 7.93B
+12.9% YoY
8.38B
7.94B – 9.07B
+10.1% YoY
8.78B
8.55B – 9.16B
+4.9% YoY
9.47B
9.22B – 9.87B
+7.8% YoY
EPS
49.85
est: 48.53 (+2.7%)
49.60
est: 55.93 (-11.3%)
66.95
est: 57.58 (+16.3%)
79.55
est: 80.60 (-1.3%)
89.50
est: 97.00 (-7.7%)
72.44
est: 74.00 (-2.1%)
89.86
est: 89.07 (+0.9%)
113.62
est: 115.10 (-1.3%)
120.82
est: 121.60 (-0.6%)
105.51
est: 111.90 (-5.7%)
135.44
est: 129.95 (+4.2%)
149.40
143.07 – 154.00
+15.0% YoY
174.90
168.84 – 184.55
+17.1% YoY
210.75
194.08 – 240.65
+20.5% YoY
203.10
196.06 – 214.30
-3.6% YoY
224.90
217.10 – 237.31
+10.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-11 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-08 A 4/5 4/5 4/5 5/5 3/5 4/5 3/5
2026-05-07 A 4/5 4/5 4/5 5/5 3/5 4/5 3/5
2026-05-01 A 4/5 4/5 4/5 5/5 3/5 4/5 3/5
2026-04-30 A 4/5 4/5 4/5 5/5 3/5 4/5 3/5
2026-04-28 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-22 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-21 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-20 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-17 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-16 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
981.83M
OE per share TTM
16.66
Owner's Yield
0.51%
Maintenance CapEx ratio
70.19%
Maint CapEx / Avg PPE
70.8%

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 88 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Japan SmallCap Dividend Fund DFJ 0.20% 773.1K 0.58%
2 WisdomTree International SmallCap Dividend Fund DLS 0.10% 1.08M 0.58%
3 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.10% 410.9K 0.48%
4 iShares International Small-Cap Equity Factor ETF ISCF 0.09% 550.3K 0.24%
5 State Street SPDR S&P International Small Cap ETF GWX 0.08% 714.7K 0.40%
6 iShares MSCI Japan Small Cap UCITS ETF IDJP.L 0.08% 463.6K 0.58%
7 iShares MSCI Japan Small-Cap ETF SCJ 0.07% 183.2K 0.50%
8 WisdomTree Japan Hedged Equity Fund DXJ 0.07% 4.93M 0.48%
9 WisdomTree Japan Equity UCITS ETF DXJ.L 0.06% 471.7K 0.48%
10 WisdomTree Japan Equity UCITS ETF - GBP Hedged DXJP.L 0.06% 630.9K 0.45%

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
10.15M
Shares Outstanding
59.47M

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
Hiroshi Goto Senior Managing Executive Officer, Vice President of Administrative Hq. & Director — male
Hiroshi Murata Executive Officer & GM of Akashi Plant — —
Hiroyuki Aisaka Executive Officer & Vice President of Quality Management Headquarters — —
Katsunori Nakai Executive Officer & GM of Corporate Planning Division — —
Kazuya Kobayashi President, Chief Executive Officer & Representative Director — male
Kenji Hosomi General Manager of HR & General Affairs Division — male
Takayuki Yoshizumi Senior Managing Executive Officer & Representative Director — male
Takema Teratani Executive Officer & GM of Thermal Spraying Technology R&D Laboratories — —
Takeshi Takabatake Managing Executive Officer, GM of Manufacturing Division & Director — male
Tatsuo Suidzu Managing Executive Officer, GM of Tokyo Plant & Director — male
Tatsuo Suizu Director, Managing Executive Officer & VP of Development Headquarters — male
Tatsuya Hamaguchi Executive Officer & GM of Sales Headquarters — —
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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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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