Toa Road Corporation logo

Toa Road Corporation

1882.T

JPXIndustrialsEngineering & Construction

Latest quote

¥1,624

−¥3.00 · -0.18%

Aug 25, 11:30 AM JST

1882.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

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.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Kyouichi Morishita
Listed since
Jan 1, 2001
Employees
1,644

Market position

Day range

Current ¥1,624

52-week range

Current ¥1,624

Open
¥1,637
Previous close
¥1,627
Volume
224.9K
0.76× average
Average volume
297.83K
Average daily volume
Market cap
75.04B JPY
Beta
0.33
Market reference 1
50-day average
¥1,580.82
+2.73% above average
200-day average
¥1,660.35
-2.19% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
69.61B JPY
P/E (TTM)
21.71×
P/B (TTM)
1.46×
P/S (TTM)
0.62×
EV / EBITDA
12.5×
Earnings yield
4.34%
Free cash flow yield
12.27%
Dividend yield
5.54%

Profitability & efficiency

Gross margin
12.13%
Operating margin
4.80%
Net margin
2.84%
Return on equity
6.39%
Return on assets
3.87%
Return on invested capital
5.88%

Financial health

Debt / equity
0.01×
Current ratio
1.89×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%9%5%2%Gross margin, FY2021: 11.40%Gross margin, FY2022: 10.40%Gross margin, FY2023: 11.42%Gross margin, FY2024: 10.66%Gross margin, FY2025: 11.97%Operating margin, FY2021: 4.92%Operating margin, FY2022: 3.99%Operating margin, FY2023: 4.67%Operating margin, FY2024: 3.98%Operating margin, FY2025: 4.77%Net margin, FY2021: 3.31%Net margin, FY2022: 2.66%Net margin, FY2023: 3.21%Net margin, FY2024: 3.26%Net margin, FY2025: 2.82%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.40%. Gross margin FY2022 10.40%. Gross margin FY2023 11.42%. Gross margin FY2024 10.66%. Gross margin FY2025 11.97%. Operating margin FY2021 4.92%. Operating margin FY2022 3.99%. Operating margin FY2023 4.67%. Operating margin FY2024 3.98%. Operating margin FY2025 4.77%. Net margin FY2021 3.31%. Net margin FY2022 2.66%. Net margin FY2023 3.21%. Net margin FY2024 3.26%. Net margin FY2025 2.82%.

Income trends

Revenue

121.33B JPY-4.15%

Operating income

5.79B JPY+15.02%

Net income

3.43B JPY-16.96%
Income trends across reported periods138.92B JPY89.55B JPY40.18B JPY−9.18B JPYRevenue, FY2021: 112.12B JPYRevenue, FY2022: 118.72B JPYRevenue, FY2023: 118.06B JPYRevenue, FY2024: 126.58B JPYRevenue, FY2025: 121.33B JPYOperating income, FY2021: 5.52B JPYOperating income, FY2022: 4.74B JPYOperating income, FY2023: 5.51B JPYOperating income, FY2024: 5.03B JPYOperating income, FY2025: 5.79B JPYNet income, FY2021: 3.72B JPYNet income, FY2022: 3.16B JPYNet income, FY2023: 3.79B JPYNet income, FY2024: 4.13B JPYNet income, FY2025: 3.43B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 112.12B JPY. Revenue FY2022 118.72B JPY. Revenue FY2023 118.06B JPY. Revenue FY2024 126.58B JPY. Revenue FY2025 121.33B JPY. Operating income FY2021 5.52B JPY. Operating income FY2022 4.74B JPY. Operating income FY2023 5.51B JPY. Operating income FY2024 5.03B JPY. Operating income FY2025 5.79B JPY. Net income FY2021 3.72B JPY. Net income FY2022 3.16B JPY. Net income FY2023 3.79B JPY. Net income FY2024 4.13B JPY. Net income FY2025 3.43B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue121.33B JPY126.58B JPY118.06B JPY118.72B JPY112.12B JPY
Cost of goods sold106.8B JPY113.09B JPY104.58B JPY106.38B JPY99.34B JPY
Gross profit14.53B JPY13.49B JPY13.48B JPY12.34B JPY12.78B JPY
Research and development275M JPY337M JPY294M JPY264M JPY
Selling, general, and administrative8.74B JPY8.18B JPY7.64B JPY7.31B JPY7B JPY
Operating expenses8.74B JPY8.46B JPY7.97B JPY7.61B JPY7.27B JPY
Interest income22M JPY8M JPY5M JPY5M JPY7M JPY
Interest expense66M JPY67M JPY28M JPY43M JPY56M JPY
Depreciation and amortization2.29B JPY2.19B JPY2.06B JPY2.14B JPY
Operating income5.79B JPY5.03B JPY5.51B JPY4.74B JPY5.52B JPY
Net income3.43B JPY4.13B JPY3.79B JPY3.16B JPY3.72B JPY

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
-1.74

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates51.832.413.01-6.39Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 22.57, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 6, 2025: actual 47.79, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 28.39, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 1, 2025: actual -2.38, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 7, 2025: actual 12.57, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 34.14, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 29.91, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 3, 2026: actual -1.74, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates38.13B32.68B27.24B21.8BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 30.58B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 6, 2025: actual 36.66B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 36.03B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 1, 2025: actual 23.27B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 7, 2025: actual 28.19B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 34.6B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 35.26B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 3, 2026: actual 23.56B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Mar 28, 2024

5:1

Stock split

Effective Mar 30, 2023

2:1

Stock split

Effective Sep 27, 2017

1:10

1882.T peers

ETFs holding 1882.T

Funds reporting this stock among their holdings, ordered by reported position size.

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