Toyota Tsusho Corp (TYHOY) Key Metrics
TYHOY key metrics, FY2022–FY2026
Fiscal year ended March 31, 2026 · Japanese yenTYHOY returns How much profit the business earns on the capital it uses.
TYHOY financial health Debt, liquidity and how easily interest is covered.
TYHOY efficiency & capital use Working capital cycle and where the cash goes.
TYHOY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TYHOY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TYHOY cash returned to shareholders
TYHOY key metrics in Japanese yen
FY2022–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Returns & profitability | |||||
| Return on equity (ROE) | 12.6% | 13.5% | 14.1% | 14.2% | 11.4% |
| Return on invested capital (ROIC) | 14.1% | 12.8% | 12.5% | 12.8% | 9.8% |
| Return on assets (ROA) | 4.8% | 5.1% | 4.9% | 4.5% | 3.6% |
| Return on tangible assets | 4.3% | 5.1% | 4.9% | 4.6% | 3.7% |
| Free cash flow margin | 2.4% | 3.0% | 3.4% | 2.7% | −1.5% |
| Income quality (OCF / net income) | 1.24 | 1.41 | 1.64 | 1.56 | 0.23 |
| Financial health | |||||
| Total debt | ¥1.32T | ¥1.29T | ¥1.36T | ¥1.28T | ¥1.12T |
| Cash & short-term investments | ¥1.40T | ¥951.88B | ¥878.71B | ¥771.61B | ¥653.01B |
| Net debt | −¥80.58B | ¥336.75B | ¥482.85B | ¥503.42B | ¥462.71B |
| Debt / equity | 0.42 | 0.47 | 0.52 | 0.62 | 0.57 |
| Debt / assets | 0.16 | 0.18 | 0.19 | 0.20 | 0.18 |
| Net debt / EBITDA | −0.10 | 0.45 | 0.72 | 0.83 | — |
| Current ratio | 1.60 | 1.66 | 1.62 | 1.52 | 1.45 |
| Quick ratio | 1.11 | 1.19 | 1.15 | 1.06 | 1.03 |
| Interest coverage | 8.7 | 8.8 | 7.4 | 8.6 | 11.3 |
| Working capital | ¥2.02T | ¥1.69T | ¥1.60T | ¥1.39T | ¥1.23T |
| Invested capital | ¥3.08T | ¥3.08T | ¥3.10T | ¥2.57T | ¥2.41T |
| Tangible asset value | ¥3.30T | ¥2.75T | ¥2.35T | ¥1.88T | ¥1.76T |
| Net current asset value | ¥179.15B | −¥70.80B | −¥243.31B | −¥239.78B | −¥241.88B |
| Capital allocation | |||||
| Dividends paid | ¥119.37B | ¥107.39B | ¥81.33B | ¥65.48B | ¥46.47B |
| Share buybacks (net) | ¥15.0M | ¥22.0M | ¥55.0M | ¥20.0M | ¥31.0M |
| Dividend payout ratio | 32.2% | 29.6% | 24.5% | 23.0% | 20.9% |
| Dividends + buybacks / free cash flow | 43.0% | 34.4% | 23.7% | 24.9% | — |
| Capex / revenue | 1.6% | 1.9% | 2.0% | 1.8% | 2.1% |
| Capex / operating cash flow | 39.8% | 38.9% | 36.7% | 40.7% | 333.7% |
| Capex / depreciation | 1.04 | 1.31 | 1.42 | 1.40 | 1.51 |
| SG&A / revenue | 6.2% | 6.0% | 5.7% | 5.4% | 5.6% |
| Efficiency | |||||
| Days sales outstanding | 60.7 | 64.1 | 63.2 | 65.4 | 81.7 |
| Days of inventory on hand | 50.3 | 47.7 | 48.6 | 49.1 | 58.3 |
| Days payables outstanding | 63.3 | 65.0 | 65.5 | 68.7 | 85.6 |
| Cash conversion cycle (days) | 47.7 | 46.8 | 46.2 | 45.8 | 54.4 |
| Receivables turnover | 6.01 | 5.69 | 5.78 | 5.58 | 4.47 |
| Payables turnover | 5.77 | 5.61 | 5.57 | 5.32 | 4.26 |
| Inventory turnover | 7.25 | 7.65 | 7.52 | 7.44 | 6.26 |
| Asset turnover | 1.48 | 1.46 | 1.52 | 1.57 | 1.31 |
| Average receivables | ¥1.92T | ¥1.81T | ¥1.76T | ¥1.76T | ¥1.80T |
| Average payables | ¥1.79T | ¥1.64T | ¥1.64T | ¥1.67T | ¥1.70T |
| Average inventory | ¥1.42T | ¥1.20T | ¥1.22T | ¥1.19T | ¥1.16T |
| Intangibles / total assets | 0.0% | 0.0% | 3.9% | 2.9% | 3.0% |
Computed from TYHOY's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Japanese yen; data from EODHD. Averages use the opening and closing balance of each year.
TYHOY valuation and financial ratios
Toyota Tsusho earned a return on equity of 12.6% and a return on invested capital of 14.1% in fiscal 2026. It ended the year with ¥1.32 trillion of debt and ¥1.40 trillion in cash and short-term investments, a net cash position of ¥80.6 billion. It returned ¥119.4 billion to shareholders: ¥119.4 billion in dividends and ¥15.0 million in share buybacks, 43% of free cash flow.
See the TYHOY income statement, the TYHOY chart for price history, or the TYHOY stock overview for the latest quote and news.
TYHOY key metrics FAQ
What is Toyota Tsusho's return on equity?
Toyota Tsusho's return on equity (ROE) was 12.6% in fiscal 2026: net income of ¥370.5 billion on average shareholders' equity of ¥2.95 trillion.
What is Toyota Tsusho's ROIC?
Toyota Tsusho's return on invested capital was 14.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Toyota Tsusho have?
Toyota Tsusho had total debt of ¥1.32 trillion at the end of fiscal 2026, a debt-to-equity ratio of 0.42 and more cash than debt.
Does Toyota Tsusho buy back its shares?
Yes. Toyota Tsusho spent ¥15.0 million on net share repurchases in fiscal 2026.
What is Toyota Tsusho's current ratio?
Toyota Tsusho's current ratio was 1.60 at the end of fiscal 2026: current assets were 1.60 times current liabilities.