Toppan Inc. (7911.T) stock analysis

In our weekly check, Toppan Inc. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 2, red flags: 8.

About Toppan Inc.

Toppan Inc. is an Industrials company (Specialty Business Services) based in Japan, listed on JPX as 7911.T.

What our checks show for 7911.T

Red flags

• The net margin fell by 3.8 points over 5 years, to 4.1%: the company keeps less of each sale as profit.
• The net margin is only 4.1%: little room if costs rise.
• Free cash flow is negative (-2.3% of revenue): the business spends more cash than it brings in.
• The price swings a lot: 54% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 71% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 10 years.
• Return on capital (ROCE) is only 3.7%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect only about 3.6% a year of growth in revenue.
• Revenue grew only 4.4% a year over the last 3 years.

Strengths

• Net debt is only 0.5x a year of EBITDA: the balance sheet has room.
• The gross margin is 23.6% and has risen by 1.9 points: pricing power is holding.
• Earnings per share grew 13.7% a year over the last 3 years.
• Beta 0.55: the stock usually moves less than the market.
• The share count fell by 11.2% in 2 years: the company buys back its own shares.
• Actively traded: about 3.1 million shares a day.

Next earnings report: 2026-11-13

Similar companies

7912.T · SIEMENS.NS · POWERINDIA.NS · POLYCAB.NS · CUMMINSIND.NS · 5201.T

Questions

What grade does Toppan Inc. (7911.T) have?

In our weekly check, Toppan Inc. is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 2, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 7911.T stock?

This week's biggest flags for Toppan Inc.: Margins falling, Thin margins, Weak free cash flow. In total 10 of 24 checks show a warning or a red flag.

What does Toppan Inc. do?

Toppan Inc. is an Industrials company (Specialty Business Services) based in Japan, listed on JPX as 7911.T.

When does Toppan Inc. report earnings next?

The next earnings report is expected on 2026-11-13. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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