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Employees: 3,083
Size Toa (6809.T) is a Japan Information Technology company (Telecommunications Equipment) with a market value of $362M, the 1242nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,645 on 6 Nov 2026.
Performance Over six months the shares fell 4.9%, against -28.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median +0.3%); the operating margin is 10.5% (peer median -5.0%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 3.9× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points above its cost of capital (7.2% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥58.2B | ¥55.4B | ¥50.6B | ¥48.8B | ¥45.1B |
| Revenue growth | — | +9% | +4% | +8% | — |
| Gross profit | ¥26.7B | ¥23.6B | ¥21.5B | ¥19.9B | ¥17.2B |
| EBITDA | ¥7.96B | ¥6.65B | ¥5.30B | ¥4.66B | ¥3.25B |
| Net income | ¥4.35B | ¥3.31B | ¥2.37B | ¥2.00B | ¥1.77B |
| Free cash flow | n/a | ¥5.40B | ¥5.01B | ¥4.43B | -¥115M |
| Capital expenditure | n/a | ¥746M | ¥869M | ¥917M | ¥1.40B |
| Total debt | ¥1.09B | ¥1.37B | ¥2.98B | ¥3.02B | ¥3.84B |
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 | 6809.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | -14.4% | 5th highest of 21 |
| 6-month return | -4.9% | -28.3% | 3rd highest of 21 |
| Distance from 52-week high | -14.6% | -49.6% | 2nd highest of 21 |
| Revenue growth (TTM) | +12.0% | +0.3% | 6th highest of 21 |
| Operating margin | 10.5% | -5.0% | 2nd highest of 21 |
| EV / Sales | 0.6× | 3.9× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -10.6% | 10.2% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +6.4% | -2.0% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -17.0 pp | +16.9 pp | least demanding of 10 |
| ROIC minus cost of capital | +3.3 pp | -10.8 pp | 3rd highest of 21 |
| EV / EBITDA | 4.2× | 9.6× | 2nd cheapest of 7 |
| Net debt / EBITDA | -3.4× | -7.0× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Toa 6809.T | Japan | $362M | -5% | +12% | 10% | 0.6× | -10.6% | +6.4% |
| AVIT 300264.SZ | China | $361M | -40% | -63% | -68% | 40.9× | n/a | n/a |
| Zhuhai Raysharp Technology 301042.SZ | China | $357M | -68% | -1% | 6% | 3.6× | n/a | n/a |
| Beijing Hanbang Technology 300449.SZ | China | $353M | -19% | -11% | -40% | 14.7× | 29.0% | -17.4% |
| Hangzhou Prevail Optoelectronic Equipment 300710.SZ | China | $352M | -28% | -15% | -19% | 9.4× | 58.6% | -12.0% |
| Comba Telecom Systems 2342.HK | Hong Kong | $352M | -44% | +4% | 5% | 0.3× | -7.5% | -2.0% |
| Fullink Technology 301067.SZ | China | $352M | -26% | -26% | -15% | 4.1× | n/a | n/a |
| 3onedata 688618.SS | China | $349M | -41% | -9% | -4% | 6.5× | 32.4% | +11.3% |
| Joyware Electronics 300270.SZ | China | $376M | -38% | +66% | -7% | 10.3× | 10.1% | -4.2% |
| Beijing InHand Networks Technology 688080.SS | China | $346M | -31% | +6% | 19% | 1.9× | 4.0% | +20.2% |
| Hillstone Networks 688030.SS | China | $386M | -14% | -8% | -16% | 3.5× | n/a | n/a |
| Clearfield CLFD | United States | $389M | -28% | -27% | 2% | 2.3× | 42.9% | +10.0% |
| Nanjing Huamai Technology 603042.SS | China | $389M | -21% | +7% | 10% | 2.8× | 10.2% | -6.7% |
| Lootom Telcovideo Network (Wuxi) 300555.SZ | China | $337M | -17% | -17% | -75% | 17.3× | n/a | n/a |
| Intellian Technologies 189300.KS | South Korea | $329M | -67% | +41% | 8% | 1.6× | n/a | n/a |
| IDT International 0167.HK | Hong Kong | $401M | +4% | +2,165% | 4% | 10.1× | n/a | n/a |
| Shenzhen Genvict Technologies 002869.SZ | China | $404M | -27% | -26% | -39% | 4.5× | n/a | n/a |
| Satrec Initiative 099320.KS | South Korea | $405M | -70% | +18% | 5% | 2.5× | n/a | n/a |
| Gospell Digital Technology 002848.SZ | China | $322M | -18% | +332% | -6% | 3.3× | n/a | n/a |
| Beilong Precision Technology 301567.SZ | China | $320M | -29% | +2% | -9% | 5.2× | n/a | n/a |
| Icom 6820.T | Japan | $319M | +16% | +5% | 9% | 0.6× | -11.1% | +5.8% |