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Employees: 972
Size Toyo Gosei (4970.T) is a Japan Materials company (Chemicals: Specialty) with a market value of $346M, the 1269th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥6,870 on 6 Nov 2026.
Performance Over six months the shares fell 54.7%, against -23.2% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 16.4% over the last twelve months (peer median +8.3%); the operating margin is 11.6% (peer median 2.3%).
Valuation It trades at 12.2× forward earnings against a peer median of 12.9× (4th cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.1 points below its cost of capital (12.4% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥44.9B | ¥42.0B | ¥38.7B | ¥32.0B | ¥34.2B |
| Revenue growth | — | +9% | +21% | -6% | — |
| Gross profit | ¥10.8B | ¥8.95B | ¥8.98B | ¥7.51B | ¥8.95B |
| EBITDA | ¥10.3B | ¥8.37B | ¥7.50B | ¥6.26B | ¥7.63B |
| Net income | ¥3.78B | ¥2.69B | ¥3.28B | ¥2.40B | ¥3.83B |
| Free cash flow | n/a | ¥3.73B | -¥4.12B | -¥2.80B | ¥114M |
| Capital expenditure | n/a | ¥4.85B | ¥12.0B | ¥7.59B | ¥3.69B |
| Total debt | ¥24.5B | ¥27.1B | ¥28.6B | ¥22.6B | ¥18.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4970.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -39.1% | -14.6% | lowest of 21 |
| 6-month return | -54.7% | -23.2% | lowest of 21 |
| Distance from 52-week high | -64.4% | -45.4% | lowest of 21 |
| Revenue growth (TTM) | +16.4% | +8.3% | 6th highest of 21 |
| Operating margin | 11.6% | 2.3% | 4th highest of 21 |
| Forward P/E | 12.2× | 12.9× | 4th cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 15.9% | 16.9% | 3rd least demanding of 8 |
| Growth delivered (Del g) | +9.1% | +4.1% | 4th highest of 8 |
| Hurdle (Req g minus delivered) | +6.8 pp | +4.3 pp | 4th most demanding of 8 |
| ROIC minus cost of capital | -5.1 pp | -3.6 pp | 9th lowest of 20 |
| EV / EBITDA | 7.3× | 8.1× | 3rd cheapest of 9 |
| Net debt / EBITDA | 2.0× | 0.2× | 4th most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Toyo Gosei 4970.T | Japan | $346M | -55% | +16% | 12% | 12.2× | 15.9% | +9.1% |
| Wuxi Acryl Technology 603722.SS | China | $346M | -37% | +34% | -15% | 64.7× | n/a | n/a |
| Kiri Industries KIRIINDUS.NS | India | $345M | +16% | +11% | -25% | n/a | n/a | n/a |
| Styrenix Performance Materials STYRENIX.NS | India | $345M | -20% | +10% | 9% | 11.9× | 17.4% | +16.1% |
| Juheshun Advanced Material 605166.SS | China | $348M | -37% | -19% | 2% | 16.4× | n/a | n/a |
| Gevo GEVO | United States | $344M | -24% | +121% | -30% | 30.2× | n/a | n/a |
| Chongqing Jiheng Pharmaceutical 002742.SZ | China | $354M | -26% | -48% | -20% | n/a | n/a | n/a |
| Zhejiang Wanfeng Chemical 603172.SS | China | $338M | -22% | +17% | 11% | n/a | n/a | n/a |
| Tomoe Engineering 6309.T | Japan | $336M | +3% | +2% | 9% | 12.4× | n/a | n/a |
| Longxing Technology 002442.SZ | China | $335M | -27% | +7% | 1% | n/a | n/a | n/a |
| Henan Qingshuiyuan Technology 300437.SZ | China | $358M | -38% | +13% | -1% | n/a | 28.1% | -6.8% |
| Jiangsu HSC New Energy Materials 688353.SS | China | $332M | -35% | +153% | 39% | 12.9× | n/a | n/a |
| Stella Chemifa 4109.T | Japan | $332M | -22% | +4% | 12% | 14.7× | 6.5% | +2.3% |
| Guangdong Quanwei Technology 300716.SZ | China | $331M | +2% | +47% | -333% | n/a | n/a | n/a |
| Sakai Chemical Industry 4078.T | Japan | $362M | -16% | 0% | 8% | 11.9× | -3.4% | -0.8% |
| Anhui Annada Titanium Industry 002136.SZ | China | $327M | -33% | +12% | 2% | n/a | n/a | n/a |
| PCC Rokita Spolka Akcyjna PCR.WA | Poland | $327M | -7% | -6% | 3% | 10.2× | 16.1% | +4.1% |
| Aekyung Chemical 161000.KS | South Korea | $326M | -41% | +3% | 2% | n/a | n/a | n/a |
| Grauer & Weil India GRAUWEIL.NS | India | $367M | +9% | +10% | 13% | n/a | 29.0% | +14.6% |
| Guangdong Huiyun Titanium Industry 300891.SZ | China | $368M | -29% | +2% | 0% | n/a | 16.9% | +12.8% |
| Chung Hwa Chemical Industrial Works 1727.TW | Taiwan | $325M | -4% | +5% | 5% | n/a | n/a | n/a |