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← CockpitCompetitor Analysis › 652A.T toggle holdings, Inc.Open in the cockpit ↗

toggle holdings, Inc.652A.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Packaged Software
Mkt cap
$331M
US dollars, full cap
$/day
$15.1M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-2.0 pp
WACC 7.0%
Hurdle
n/a
no reverse DCF
Close · JPY¥3,540
1D-6.6%
1Wn/a
1Mn/a
3Mn/a
6Mn/a
YTDn/a
1Yn/a

What toggle does

Employees: 140

toggle at a glance

Size toggle (652A.T) is a Japan Information Technology company (Packaged Software) with a market value of $331M, the 1294th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,540 on 6 Nov 2026.

Growth Revenue grew 24.6% over the last twelve months (peer median +12.3%); the operating margin is 9.2% (peer median 10.5%).

Valuation It trades at 4.8× enterprise value to sales against a peer median of 4.7× (9th most expensive of 18).

Capital Return on invested capital runs 2.0 points below its cost of capital (7.0% WACC).

toggle financials

Reported figures in JPY; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024
Revenuen/a¥12.4B¥9.91B
Revenue growth—+25%—
Gross profitn/a¥3.50B¥1.93B
EBITDAn/a¥1.20B¥575M
Net incomen/a¥565M¥145M
Free cash flown/a-¥3.97B-¥786M
Capital expendituren/a¥48.1M¥28.8M
Total debt¥12.2B¥9.89B¥5.90B

Quarterly statements and history in the cockpit →

toggle competitor charts

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.

Fundamentals: revenue growth against valuation

-50%0%+50%0×1,000×2,000×CBRAINALBFR39326880810797EMUDHRASVRE3663300930652A.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. toggle is the large dot.

toggle competitors and peer comparison

How toggle compares with its peers

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.

toggle against its 20 peers (data as of 6 Nov 2026)
Measure652A.TPeer medianRank in peer set
Revenue growth (TTM)+24.6%+12.3%6th highest of 21
Operating margin9.2%10.5%9th lowest of 20
EV / Sales4.8×4.7×9th most expensive of 18
ROIC minus cost of capital-2.0 pp-2.3 pp9th highest of 17
EV / EBITDA49.8×15.0×3rd most expensive of 11
Net debt / EBITDA6.2×-1.6×most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
toggle 652A.TJapan$331Mn/a+25%9%4.8×n/an/a
cBrain A/S CBRAIN.CODenmark$332M+84%-1%24%8.5×11.6%+15.9%
Sidetrade ALBFR.PAFrance$327M+24%+13%5%4.5×33.9%+16.1%
Reconova Technologies 7656.HKHong Kong$336Mn/a+12%-15%5.8×n/an/a
Akatsuki 3932.TJapan$327M+29%+31%34%1.7×-13.6%-3.6%
COLOPL 3668.TJapan$337M-4%-13%10%n/an/an/a
Wuhan Xingtu Xinke Electronics 688081.SSChina$337M-59%-13%-49%16.6×n/an/a
DEAR U 376300.KSSouth Korea$338M-40%+20%22%4.9×5.1%+45.1%
7Road 0797.HKHong Kong$338M+83%+71%27%3.6×n/an/a
eMudhra EMUDHRA.NSIndia$324M-31%+30%18%4.1×n/an/a
Beijing Infosec Technologies 688201.SSChina$340M-9%+7%2%4.1×56.5%+5.5%
SaverOne 2014 Ltd. ADR SVREUnited States$342M-85%-68%-6,262%1,956.6×n/an/a
Carvolix CVX.PAFrance$342M+62%-100%n/an/an/an/a
Stillfront SF.STSweden$320M+9%-12%16%1.3×-15.4%+7.4%
CELSYS 3663.TJapan$344M+22%+16%36%4.7×3.4%+8.2%
Hangzhou Yitong New Materials 300930.SZChina$345M-27%+51%7%2.7×n/an/a
Zengame Technology 2660.HKHong Kong$318M-15%+19%24%n/an/an/a
Hunan Creator Information Technologies 300730.SZChina$346M-28%-4%-53%10.5×n/an/a
FFRI Security 3692.TJapan$347M+15%+28%29%11.8×34.6%+21.9%
Beijing SunwayWorld Science & Technology 301159.SZChina$347M-23%+17%3%5.4×53.6%+7.0%
TDC SOFT 4687.TJapan$347M+19%+7%10%0.8×-4.5%+12.1%

Questions

Which companies are toggle's closest peers?
The cockpit's peer set: cBrain A/S (CBRAIN.CO), Sidetrade (ALBFR.PA), Reconova Technologies (7656.HK), Akatsuki (3932.T), COLOPL (3668.T), Wuhan Xingtu Xinke Electronics (688081.SS), DEAR U (376300.KS), 7Road (0797.HK).
Is toggle expensive compared with its peers?
On ev / sales it trades at 4.8× against a peer median of 4.7×, 9th most expensive of 18 in its peer set.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.