Tomoegawa Co., Ltd. logo

Tomoegawa Co., Ltd.

3878.T

JPXBasic MaterialsPaper, Lumber & Forest Products

Latest quote

¥877

+¥4.00 · +0.46%

Aug 24, 1:26 PM JST

3878.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Tomoegawa Co., Ltd., founded in Tokyo, Japan, in 1914, is a multifaceted enterprise engaged in the manufacturing, processing, and sale of an extensive array of advanced materials, primarily serving the Japanese market. Their diverse product lineup includes electronic components, display materials, fine particulate matter, specialized functional sheets, and various paper goods. The company delivers sophisticated solutions for managing heat, electricity, and electromagnetic waves, offering products such as high-frequency electromagnetic wave absorption sheets, highly insulative and thermally conductive adhesive sheets, low-induction and low-dielectric tangent adhesive sheets, and both conductive and re-affixable heat conduction sheets. They also produce functional sheets specifically designed for integral molding of engineering plastics. Within their electronics division, key items include lead frame fixing tapes, adhesive tapes, electrostatic chucks, and lids for hermetic seal packages. For display applications, Tomoegawa supplies optical adhesive, light control, and hard coat films. Their expertise in fine particle technology extends to a range of toners, encompassing magnetic, non-magnetic, full-color, and lower-energy fixable types. The paper products segment is equally comprehensive, featuring information printing papers such as inkjet, laser printer, and thermal recording papers, alongside magnetic sheet materials used for tickets and prepaid cards. Additionally, they produce special fiber sheets, including those made from stainless and fluorine fibers, and distribute TYVEK polyethylene non-woven fabrics. The company's vast selection of papers also comprises electrical insulating, telecommunications, disinfecting, and ultra-lightweight printing papers, as well as the acclaimed Tomoe River FP and tracing papers for printing. Industrial applications benefit from their conductive, absorbing, sterilization bag, handling release, and insulating papers. Completing their portfolio are impact-absorption films, optical fiber sheet optical plug assembly cleaners, copper fiber sheets, and other related light-sensitive products.

Industry
Paper, Lumber & Forest Products
Sector
Basic Materials
Headquarters
JP
CEO
Yoshio Inoue
Listed since
Jan 1, 2001
Employees
1,346

Market position

Day range

Current ¥877

52-week range

Current ¥877

Open
¥874
Previous close
¥873
Volume
40.2K
0.61× average
Average volume
66.17K
Average daily volume
Market cap
8.6B JPY
Beta
0.69
Market reference 1
50-day average
¥814.1
+7.73% above average
200-day average
¥825
+6.30% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
17.61B JPY
P/E (TTM)
6.97×
P/B (TTM)
0.47×
P/S (TTM)
0.23×
EV / EBITDA
4.97×
Earnings yield
12.47%
Free cash flow yield
0.08%
Dividend yield
1.71%

Profitability & efficiency

Gross margin
23.73%
Operating margin
5.41%
Net margin
3.33%
Return on equity
5.35%
Return on assets
1.86%
Return on invested capital
3.16%

Financial health

Debt / equity
0.81×
Current ratio
1.08×
Altman Z-score
1.31
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%17%8%-0%Gross margin, FY2021: 20.61%Gross margin, FY2022: 22.05%Gross margin, FY2023: 21.87%Gross margin, FY2024: 22.86%Gross margin, FY2025: 23.28%Operating margin, FY2021: 6.05%Operating margin, FY2022: 6.01%Operating margin, FY2023: 3.95%Operating margin, FY2024: 3.73%Operating margin, FY2025: 4.55%Net margin, FY2021: 5.03%Net margin, FY2022: 4.25%Net margin, FY2023: 1.76%Net margin, FY2024: 2.18%Net margin, FY2025: 2.66%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.61%. Gross margin FY2022 22.05%. Gross margin FY2023 21.87%. Gross margin FY2024 22.86%. Gross margin FY2025 23.28%. Operating margin FY2021 6.05%. Operating margin FY2022 6.01%. Operating margin FY2023 3.95%. Operating margin FY2024 3.73%. Operating margin FY2025 4.55%. Net margin FY2021 5.03%. Net margin FY2022 4.25%. Net margin FY2023 1.76%. Net margin FY2024 2.18%. Net margin FY2025 2.66%.

Income trends

Revenue

35.55B JPY+3.25%

Operating income

1.62B JPY+26.09%

Net income

945M JPY+26.00%
Income trends across reported periods39.05B JPY25.06B JPY11.08B JPY−2.9B JPYRevenue, FY2021: 32.79B JPYRevenue, FY2022: 34.17B JPYRevenue, FY2023: 33.69B JPYRevenue, FY2024: 34.43B JPYRevenue, FY2025: 35.55B JPYOperating income, FY2021: 1.98B JPYOperating income, FY2022: 2.05B JPYOperating income, FY2023: 1.33B JPYOperating income, FY2024: 1.28B JPYOperating income, FY2025: 1.62B JPYNet income, FY2021: 1.65B JPYNet income, FY2022: 1.45B JPYNet income, FY2023: 594M JPYNet income, FY2024: 750M JPYNet income, FY2025: 945M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 32.79B JPY. Revenue FY2022 34.17B JPY. Revenue FY2023 33.69B JPY. Revenue FY2024 34.43B JPY. Revenue FY2025 35.55B JPY. Operating income FY2021 1.98B JPY. Operating income FY2022 2.05B JPY. Operating income FY2023 1.33B JPY. Operating income FY2024 1.28B JPY. Operating income FY2025 1.62B JPY. Net income FY2021 1.65B JPY. Net income FY2022 1.45B JPY. Net income FY2023 594M JPY. Net income FY2024 750M JPY. Net income FY2025 945M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue35.55B JPY34.43B JPY33.69B JPY34.17B JPY32.79B JPY
Cost of goods sold27.28B JPY26.56B JPY26.32B JPY26.64B JPY26.03B JPY
Gross profit8.28B JPY7.87B JPY7.37B JPY7.53B JPY6.76B JPY
Research and development1.85B JPY1.55B JPY1.38B JPY931M JPY582M JPY
Selling, general, and administrative4.81B JPY5.04B JPY4.55B JPY4.44B JPY4.09B JPY
Operating expenses6.66B JPY6.59B JPY6.04B JPY5.48B JPY4.77B JPY
Interest income8M JPY6M JPY10M JPY10M JPY4M JPY
Interest expense278M JPY229M JPY216M JPY227M JPY252M JPY
Depreciation and amortization1.93B JPY1.78B JPY1.67B JPY1.63B JPY1.73B JPY
Operating income1.62B JPY1.28B JPY1.33B JPY2.05B JPY1.98B JPY
Net income945M JPY750M JPY594M JPY1.45B JPY1.65B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
60.52

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates67.2434.782.32-30.14Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 40.01, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 23.2, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual -23.42, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 30.06, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 11, 2025: actual 27.19, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 25.47, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 12.68, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 60.52, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates10.51B9.71B8.9B8.09BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 8.74B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 8.71B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 8.5B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 8.53B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 11, 2025: actual 8.64B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 9.04B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 9.36B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 10.11B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥15.00

2025 complete year-40.0% since 2020

2026 partial: ¥15.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥15.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥15.00

Annual

Record Mar 31, 2026 · Payment Jun 8, 2026

Dividend

Ex-dividend Mar 28, 2025

¥15.00

Annual

Record Mar 31, 2025 · Payment Jun 9, 2025

Dividend

Ex-dividend Mar 28, 2024

¥15.00

Annual

Record Mar 31, 2024 · Payment Jun 6, 2024

Dividend

Ex-dividend Mar 30, 2023

¥15.00

Annual

Record Mar 31, 2023 · Payment Jun 7, 2023

Dividend

Ex-dividend Mar 30, 2022

¥15.00

Annual

Record Mar 31, 2022 · Payment Jun 29, 2022

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