Toyota Tsusho Corp (TYHOY) AI Stock Analysis
TYHOY AI stock analysis summary
AI ResearchToyota Tsusho Corp is a Japanese conglomerate operating across metals, mobility, supply chain, digital solutions, and infrastructure sectors. In FY2026, the company generated revenue of $11.56T and net income of $370.52B. Over the past year, TYHOY stock delivered a return of 52.0%, outperforming the S&P 500's return of 16.8%.
- Market cap
- $44.39B
- Revenue (TTM)
- $12.54T
- P/E
- 18.8x
- 1Y return
- 52.0% S&P 500 16.8%
- Avg. target
- —
Bull case
- Annual revenue expanded by 12.1% in FY2026 to reach $11.56T.
- The balance sheet carries positive net cash of $80.58B supported by $1.40T in cash and short-term investments.
- Trailing twelve months return on equity reached 16.1% alongside trailing twelve months EPS of $1.26.
Bear case
- Annual free cash flow declined from $312.63B in FY2025 to $277.71B in FY2026.
- Operating cash flow decreased from $511.87B in FY2025 to $461.17B in FY2026.
- Net margin contracted to 3.2% in FY2026 compared to 3.5% reported in FY2025.
What Toyota Tsusho does
Toyota Tsusho Corporation, along with its subsidiaries, operates as a diversified trading and manufacturing entity in Japan and internationally. It conducts business through segments including Metal+, Circular Economy, Supply Chain, Mobility, Green Infrastructure, Digital Solutions, Lifestyle, and Africa. The company processes and sells automotive steel, aluminum, electrical steel sheets, critical metals, batteries, and synthetic resins. In addition, it develops and services mobility parts, provides logistics and recycling services, trades in machinery and equipment, and operates power plants, ports, and airports. It also distributes electronic components, software, and cybersecurity services.
Growth and profitability
Between FY2022 and FY2026, Toyota Tsusho grew annual revenue from $8.03T to $11.56T, reflecting a four-year compound annual growth rate of 9.5%. Operating margin expanded from 3.7% in FY2022 to 4.8% in FY2026, while gross margin climbed from 9.5% to 10.9%. Net income rose from $222.24B in FY2022 to $370.52B in FY2026. For the trailing twelve months, revenue reached $12.54T with an operating margin of 5.2% and a profit margin of 3.2%. For the quarter ended March 31, 2024, quarterly revenue growth was 37.6% and quarterly earnings growth was 40.1% year-over-year.
Balance sheet and cash flow
As of March 31, 2026, Toyota Tsusho held $1.40T in cash and short-term investments alongside total debt of $1.32T, resulting in net cash of $80.58B. The company maintained a current ratio of 1.60 and a debt-to-equity ratio of 0.42 against shareholders' equity of $3.16T. In FY2026, operating cash flow stood at $461.17B and free cash flow reached $277.71B. Cash usage during FY2026 included $183.46B in capital expenditures, $119.37B in dividends paid, and $15.0M in share buybacks.
Valuation and performance
Toyota Tsusho trades at a trailing price-to-earnings multiple of 18.8x, compared to the median of 24.8x for its US-listed Industrials peers. Its enterprise value to EBITDA ratio is 10.6x, below the peer group median of 13.9x. The company's price-to-book ratio sits at 2.7x, while its EV to revenue multiple is 0.7x. Over the past year, the stock returned 52.0%, exceeding the S&P 500 (SPY) return of 16.8%, and stands 11.2% above its 200-day moving average.
TYHOY dividend
Toyota Tsusho distributes a semiannual dividend with an annual forward dividend of $0.38, yielding 1.59%. The company has paid dividends for 2 consecutive years and registered a payout ratio of 29.4%. Its last ex-dividend date occurred on March 31, 2026.
What analysts expect
Consensus analyst estimates project revenue of $12.75T for the current fiscal year ending March 31, 2027. For the following fiscal year, analysts expect revenue to reach $13.26T, representing a projected annual revenue growth of 4.0%.
Key risks and what to watch
- Profit margin for the trailing twelve months was modest at 3.2%, leaving little cushion against input cost volatility.
- Total debt remains significant at $1.32T, even with a manageable debt-to-equity ratio of 0.42.
- Revenue growth is projected to slow to 4.0% in the fiscal year following FY2027 compared to the 12.1% growth achieved in FY2026.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this TYHOY AI stock analysis
This page is an AI-written research summary of Toyota Tsusho Corp (TYHOY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: TYHOY income statement, TYHOY balance sheet, TYHOY key metrics, TYHOY analyst forecast, TYHOY chart. See the TYHOY stock overview for the latest quote and news.
TYHOY AI stock analysis FAQ
What is Toyota Tsusho's forward dividend yield?
Toyota Tsusho carries a forward dividend yield of 1.59%, which corresponds to an annual forward dividend of $0.38 per share paid semiannually.
How much debt does Toyota Tsusho have?
As of March 31, 2026, Toyota Tsusho had $1.32T in total debt, offset by $1.40T in cash and short-term investments, resulting in net cash of $80.58B.
What are analysts forecasting for Toyota Tsusho's revenue?
Analysts estimate revenue will reach $12.75T for the fiscal year ending March 31, 2027, and $13.26T for the following fiscal year, an expected increase of 4.0%.
How does Toyota Tsusho's valuation compare to its peers?
Toyota Tsusho trades at a trailing P/E of 18.8x and an EV/EBITDA of 10.6x, both below the US-listed Industrials peer medians of 24.8x and 13.9x, respectively.