Towa Corp
F:TWA

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Towa Corp
F:TWA
Watchlist
Price: 11.5 EUR Market Closed
Market Cap: 287.5m EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-10%
5Y
+87%
10Y
+126%
Operating Income
+
3Y
-48%
5Y
+193%
10Y
+217%
Net Income
+
3Y
-30%
5Y
+321%
10Y
+187%

Earnings Waterfall
Towa Corp

Revenue
49.5B JPY
Cost of Revenue
-32.1B JPY
Gross Profit
17.4B JPY
Operating Expenses
-11.3B JPY
Operating Income
6.1B JPY
Other Expenses
40.6m JPY
Net Income
6.1B JPY

Income Statement
Towa Corp

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Income Statement
Currency: JPY
Jun-2004 Sep-2004 Dec-2004 Jun-2005 Sep-2005 Dec-2005 Jun-2006 Sep-2006 Dec-2006 Jun-2007 Sep-2007 Dec-2007 Jun-2008 Sep-2008 Dec-2008 Jun-2009 Sep-2009 Dec-2009 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
72
0
0
71
0
0
57
108
153
197
177
158
140
120
106
93
85
79
72
73
73
74
76
77
76
74
71
64
58
55
52
50
49
45
41
36
31
27
25
24
29
30
38
45
45
50
50
50
53
55
54
52
51
52
55
61
66
70
73
73
72
72
74
77
82
91
0
0
Revenue
12 562
N/A
16 513
+31%
18 117
+10%
15 409
-15%
12 077
-22%
11 982
-1%
15 600
+30%
17 830
+14%
17 798
0%
18 299
+3%
16 912
-8%
16 355
-3%
13 457
-18%
13 422
0%
9 811
-27%
9 259
-6%
7 114
-23%
9 369
+32%
12 045
+29%
16 082
+34%
18 322
+14%
22 593
+23%
21 285
-6%
17 862
-16%
16 751
-6%
17 140
+2%
18 735
+9%
20 042
+7%
18 614
-7%
16 454
-12%
14 406
-12%
14 067
-2%
13 905
-1%
17 165
+23%
18 508
+8%
19 730
+7%
21 361
+8%
21 150
-1%
21 985
+4%
21 935
0%
21 537
-2%
22 270
+3%
23 277
+5%
24 747
+6%
27 826
+12%
27 632
-1%
27 962
+1%
29 084
+4%
28 769
-1%
31 011
+8%
31 555
+2%
30 703
-3%
29 674
-3%
28 272
-5%
25 391
-10%
24 616
-3%
25 732
+5%
25 255
-2%
26 294
+4%
26 484
+1%
27 169
+3%
29 707
+9%
35 897
+21%
41 169
+15%
47 282
+15%
50 667
+7%
53 299
+5%
55 118
+3%
52 547
-5%
53 823
+2%
48 742
-9%
46 304
-5%
45 684
-1%
50 472
+10%
54 214
+7%
56 606
+4%
57 698
+2%
53 479
-7%
48 306
-10%
49 530
+3%
Gross Profit
Cost of Revenue
(9 965)
(12 871)
(14 092)
(12 445)
(10 273)
(10 302)
(12 840)
(13 981)
(13 683)
(13 870)
(12 389)
(11 301)
(9 903)
(10 262)
(8 590)
(7 973)
(6 495)
(7 677)
(8 577)
(10 441)
(11 417)
(14 442)
(13 682)
(11 771)
(11 290)
(11 790)
(12 700)
(13 578)
(13 527)
(12 697)
(11 881)
(11 989)
(11 542)
(12 623)
(13 280)
(13 700)
(14 388)
(14 674)
(15 331)
(15 389)
(15 199)
(15 163)
(15 758)
(16 435)
(17 956)
(17 947)
(17 806)
(18 723)
(19 011)
(21 206)
(22 324)
(22 593)
(22 360)
(21 286)
(19 573)
(18 770)
(19 406)
(18 668)
(18 944)
(18 675)
(18 432)
(20 089)
(23 455)
(26 531)
(30 231)
(32 013)
(34 026)
(35 200)
(33 973)
(35 014)
(31 864)
(30 819)
(29 962)
(32 274)
(34 359)
(34 803)
(35 880)
(33 572)
(31 019)
(32 146)
Gross Profit
2 597
N/A
3 642
+40%
4 026
+11%
2 964
-26%
1 804
-39%
1 679
-7%
2 760
+64%
3 849
+39%
4 115
+7%
4 429
+8%
4 523
+2%
5 055
+12%
3 554
-30%
3 161
-11%
1 221
-61%
1 287
+5%
619
-52%
1 693
+173%
3 468
+105%
5 641
+63%
6 905
+22%
8 151
+18%
7 603
-7%
6 091
-20%
5 461
-10%
5 350
-2%
6 034
+13%
6 464
+7%
5 086
-21%
3 758
-26%
2 525
-33%
2 078
-18%
2 363
+14%
4 542
+92%
5 228
+15%
6 031
+15%
6 974
+16%
6 476
-7%
6 654
+3%
6 546
-2%
6 337
-3%
7 108
+12%
7 519
+6%
8 312
+11%
9 869
+19%
9 685
-2%
10 155
+5%
10 361
+2%
9 758
-6%
9 805
+0%
9 232
-6%
8 110
-12%
7 315
-10%
6 986
-4%
5 818
-17%
5 845
+0%
6 326
+8%
6 588
+4%
7 350
+12%
7 809
+6%
8 737
+12%
9 617
+10%
12 442
+29%
14 638
+18%
17 052
+16%
18 654
+9%
19 272
+3%
19 918
+3%
18 574
-7%
18 809
+1%
16 877
-10%
15 486
-8%
15 722
+2%
18 198
+16%
19 855
+9%
21 803
+10%
21 818
+0%
19 907
-9%
17 287
-13%
17 385
+1%
Operating Income
Operating Expenses
(2 954)
(3 294)
(3 732)
(3 604)
(3 460)
(3 358)
(3 432)
(3 458)
(3 306)
(3 342)
(3 470)
(3 649)
(3 681)
(3 610)
(3 235)
(2 909)
(2 450)
(2 451)
(2 616)
(2 841)
(3 016)
(4 084)
(4 072)
(3 951)
(3 922)
(3 874)
(3 961)
(4 169)
(4 201)
(4 197)
(4 115)
(4 033)
(4 045)
(4 085)
(4 198)
(4 315)
(4 382)
(4 497)
(4 602)
(4 621)
(4 889)
(5 153)
(5 412)
(5 659)
(5 774)
(5 853)
(5 958)
(6 006)
(5 965)
(6 122)
(5 926)
(6 046)
(6 256)
(6 049)
(6 094)
(5 963)
(5 801)
(5 776)
(5 687)
(5 727)
(5 792)
(5 998)
(6 337)
(6 432)
(6 708)
(7 175)
(7 676)
(8 287)
(8 630)
(8 801)
(8 808)
(8 953)
(9 145)
(9 567)
(9 917)
(10 276)
(10 718)
(11 060)
(11 209)
(11 281)
Selling, General & Administrative
(2 954)
(3 353)
(3 732)
(3 604)
(3 584)
(3 358)
(3 432)
(3 439)
(3 306)
(3 342)
(3 269)
(3 649)
(3 681)
(4 016)
(3 235)
(2 909)
(2 450)
(2 451)
(2 616)
(2 841)
(3 016)
(3 752)
(4 072)
(3 951)
(3 922)
(3 635)
(3 961)
(4 169)
(4 201)
(4 010)
(4 115)
(4 033)
(4 046)
(3 955)
(4 198)
(4 316)
(4 382)
(4 303)
(4 602)
(4 621)
(4 889)
(4 680)
(5 412)
(5 659)
(5 774)
(5 129)
(5 958)
(6 006)
(5 965)
(5 429)
(5 926)
(6 046)
(6 256)
(5 405)
(6 094)
(5 963)
(5 801)
(5 446)
(5 686)
(5 727)
(5 792)
(5 362)
(6 337)
(6 432)
(6 708)
(6 563)
(7 669)
(8 225)
(8 607)
(7 857)
(8 778)
(8 923)
(9 123)
(8 573)
(9 901)
(10 268)
(10 710)
(9 872)
(11 201)
(11 272)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(331)
0
0
0
(239)
0
0
0
(188)
0
0
0
(130)
0
0
0
(194)
0
0
0
0
0
0
0
(724)
0
0
0
(693)
0
0
0
(645)
0
0
0
(330)
0
0
0
(637)
0
0
0
(586)
0
0
0
(915)
0
0
0
(963)
0
0
0
(1 155)
0
0
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(26)
(7)
(15)
(22)
(30)
(30)
(30)
0
(30)
(16)
0
(33)
(33)
0
0
Other Operating Expenses
0
59
0
0
124
0
0
(20)
0
0
(201)
0
0
406
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
(473)
0
0
0
(0)
0
0
0
(0)
0
0
0
(0)
0
(0)
0
(0)
(0)
(0)
0
(0)
(0)
(0)
0
(0)
(0)
(48)
(0)
(0)
(0)
(0)
(23)
0
0
(8)
25
0
(8)
(8)
Operating Income
(357)
N/A
348
N/A
294
-16%
(640)
N/A
(1 657)
-159%
(1 679)
-1%
(672)
+60%
391
N/A
809
+107%
1 087
+34%
1 053
-3%
1 406
+33%
(127)
N/A
(449)
-255%
(2 014)
-348%
(1 622)
+19%
(1 831)
-13%
(759)
+59%
852
N/A
2 801
+229%
3 889
+39%
4 067
+5%
3 531
-13%
2 140
-39%
1 539
-28%
1 476
-4%
2 073
+40%
2 295
+11%
885
-61%
(440)
N/A
(1 590)
-261%
(1 955)
-23%
(1 682)
+14%
457
N/A
1 030
+125%
1 715
+67%
2 592
+51%
1 979
-24%
2 052
+4%
1 926
-6%
1 449
-25%
1 954
+35%
2 107
+8%
2 652
+26%
4 095
+54%
3 832
-6%
4 197
+10%
4 355
+4%
3 792
-13%
3 682
-3%
3 305
-10%
2 064
-38%
1 059
-49%
937
-11%
(276)
N/A
(118)
+57%
525
N/A
812
+55%
1 663
+105%
2 082
+25%
2 945
+41%
3 619
+23%
6 105
+69%
8 206
+34%
10 344
+26%
11 479
+11%
11 596
+1%
11 631
+0%
9 944
-14%
10 007
+1%
8 069
-19%
6 533
-19%
6 577
+1%
8 631
+31%
9 938
+15%
11 527
+16%
11 100
-4%
8 847
-20%
6 078
-31%
6 104
+0%
Pre-Tax Income
Interest Income Expense
0
0
0
0
0
0
0
0
0
0
0
0
(37)
(53)
(221)
(330)
(394)
(263)
(86)
(147)
(219)
(47)
(98)
(144)
8
74
(42)
135
677
1 041
1 083
1 075
805
159
123
144
(160)
269
380
410
420
204
42
97
264
207
219
79
(144)
(232)
(182)
(104)
(190)
(95)
(216)
(283)
(114)
(247)
(181)
(212)
(375)
(192)
(233)
(148)
(63)
94
501
717
229
4
(140)
(273)
66
235
178
(278)
446
1 507
1 149
1 505
Non-Reccuring Items
(27)
(48)
(20)
(2 964)
(2 952)
(2 840)
87
158
(62)
(56)
(40)
98
114
27
(204)
(157)
(129)
21
(44)
(35)
(12)
(130)
(131)
(692)
(712)
(50)
(1 079)
(506)
(489)
73
(21)
(22)
(27)
(16)
16
(170)
(163)
(196)
(168)
17
17
48
(7)
(4)
(5)
(3)
(9)
(9)
(9)
(3)
64
57
56
(0)
(11)
(5)
(3)
0
0
(1)
(0)
(0)
0
0
0
(74)
(48)
0
(48)
(18)
0
(2)
(5)
0
(9)
(17)
(18)
498
507
604
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
1
1
(1)
(2)
34
47
47
18
6
8
7
2
15
(542)
576
576
584
23
24
33
13
12
11
0
0
0
0
0
4
0
0
5
6
9
9
5
1
63
15
18
18
57
0
54
56
(2)
(0)
7
0
(3)
(5)
(18)
(18)
11
(20)
(20)
(20)
(5)
(16)
(10)
21
35
33
33
5
4
2
2
Total Other Income
(86)
6
(30)
19
43
212
110
54
(6)
172
112
(150)
(258)
(250)
6
(31)
75
193
249
180
37
44
26
15
88
122
208
194
186
62
81
120
81
50
62
160
315
48
88
(56)
(216)
48
39
60
79
93
102
127
110
89
106
62
88
98
137
103
81
82
103
288
350
390
378
238
198
186
169
146
161
194
193
219
218
213
245
297
305
353
327
263
Pre-Tax Income
(470)
N/A
305
N/A
244
-20%
(3 585)
N/A
(4 566)
-27%
(4 307)
+6%
(475)
+89%
603
N/A
741
+23%
1 203
+62%
1 126
-6%
1 354
+20%
(308)
N/A
(723)
-135%
(2 433)
-237%
(2 142)
+12%
(2 245)
-5%
(761)
+66%
1 017
N/A
2 818
+177%
3 702
+31%
3 942
+6%
3 336
-15%
1 321
-60%
938
-29%
1 080
+15%
1 737
+61%
2 695
+55%
1 843
-32%
760
-59%
(423)
N/A
(749)
-77%
(810)
-8%
663
N/A
1 243
+87%
1 850
+49%
2 584
+40%
2 101
-19%
2 352
+12%
2 298
-2%
1 674
-27%
2 255
+35%
2 181
-3%
2 811
+29%
4 437
+58%
4 137
-7%
4 519
+9%
4 556
+1%
3 751
-18%
3 601
-4%
3 309
-8%
2 098
-37%
1 031
-51%
997
-3%
(366)
N/A
(246)
+33%
544
N/A
645
+18%
1 585
+146%
2 164
+37%
2 920
+35%
3 815
+31%
6 246
+64%
8 279
+33%
10 461
+26%
11 695
+12%
12 198
+4%
12 474
+2%
10 266
-18%
10 183
-1%
8 106
-20%
6 467
-20%
6 877
+6%
9 115
+33%
10 386
+14%
11 562
+11%
11 838
+2%
11 208
-5%
8 063
-28%
8 478
+5%
Net Income
Tax Provision
(3 208)
(147)
(195)
(155)
(261)
(150)
(149)
(93)
(204)
(184)
(103)
(71)
(107)
(118)
(94)
(50)
(24)
(36)
(62)
(120)
(135)
(190)
(150)
(120)
(121)
(112)
(179)
(215)
(205)
(76)
(18)
23
60
(77)
(118)
(218)
(261)
(140)
(137)
(105)
(138)
(330)
(394)
(567)
(687)
(216)
(432)
(626)
(610)
(557)
(451)
157
326
(127)
252
26
(147)
(294)
(528)
(716)
(862)
(1 149)
(1 804)
(2 349)
(2 939)
(3 544)
(3 665)
(3 700)
(3 102)
(2 831)
(2 333)
(1 933)
(2 054)
(2 671)
(3 034)
(3 250)
(3 354)
(3 087)
(2 161)
(2 333)
Income from Continuing Operations
(3 678)
159
49
(3 740)
(4 826)
(4 456)
(623)
510
537
1 019
1 023
1 283
(415)
(841)
(2 527)
(2 192)
(2 269)
(797)
955
2 697
3 567
3 752
3 187
1 201
817
968
1 557
2 480
1 638
683
(441)
(725)
(750)
586
1 125
1 632
2 322
1 961
2 214
2 193
1 536
1 925
1 786
2 244
3 750
3 921
4 086
3 930
3 142
3 044
2 858
2 254
1 357
870
(114)
(220)
397
350
1 057
1 449
2 059
2 666
4 443
5 931
7 522
8 151
8 532
8 774
7 164
7 352
5 773
4 534
4 823
6 444
7 352
8 312
8 484
8 121
5 902
6 145
Income to Minority Interest
(35)
(46)
(43)
(28)
(4)
29
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(5)
(7)
28
8
6
1
(31)
(18)
(22)
(38)
(52)
(27)
(51)
(51)
(53)
(99)
(90)
(95)
(65)
(54)
(30)
(14)
(38)
(18)
0
0
6
8
12
15
19
18
16
11
3
(3)
(8)
(11)
(14)
(21)
(23)
(21)
(19)
(6)
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
(3 713)
N/A
113
N/A
6
-95%
(3 768)
N/A
(4 830)
-28%
(4 428)
+8%
(596)
+87%
530
N/A
537
+1%
1 019
+90%
1 023
+0%
1 283
+25%
(416)
N/A
(841)
-102%
(2 527)
-201%
(2 192)
+13%
(2 269)
-3%
(797)
+65%
955
N/A
2 697
+182%
3 567
+32%
3 752
+5%
3 187
-15%
1 201
-62%
817
-32%
968
+19%
1 552
+60%
2 473
+59%
1 666
-33%
691
-59%
(436)
N/A
(724)
-66%
(781)
-8%
568
N/A
1 104
+94%
1 594
+44%
2 270
+42%
1 934
-15%
2 163
+12%
2 142
-1%
1 483
-31%
1 826
+23%
1 696
-7%
2 149
+27%
3 685
+71%
3 868
+5%
4 057
+5%
3 916
-3%
3 104
-21%
3 027
-2%
2 842
-6%
2 251
-21%
1 363
-39%
878
-36%
(102)
N/A
(205)
-101%
416
N/A
369
-11%
1 073
+191%
1 459
+36%
2 061
+41%
2 663
+29%
4 435
+67%
5 919
+33%
7 508
+27%
8 130
+8%
8 509
+5%
8 753
+3%
7 145
-18%
7 347
+3%
5 772
-21%
4 537
-21%
4 828
+6%
6 444
+33%
7 352
+14%
8 312
+13%
8 484
+2%
8 121
-4%
5 902
-27%
6 145
+4%
EPS (Diluted)
-178.51
N/A
5.35
N/A
0.29
-95%
-181.14
N/A
-230
-27%
-212.86
+7%
-23.92
+89%
20.94
N/A
21.48
+3%
40.78
+90%
40.43
-1%
51.33
+27%
-16.61
N/A
-33.22
-100%
-101.09
-204%
-87.68
+13%
-89.66
-2%
-31.86
+64%
38.2
N/A
107.89
+182%
142.68
+32%
150.08
+5%
127.46
-15%
48.02
-62%
32.65
-32%
38.71
+19%
62.07
+60%
98.9
+59%
66.65
-33%
27.64
-59%
-17.42
N/A
-28.96
-66%
-31.2
-8%
22.72
N/A
44.14
+94%
63.74
+44%
90.8
+42%
77.35
-15%
86.52
+12%
85.68
-1%
59.33
-31%
73
+23%
67.84
-7%
85.96
+27%
147.4
+71%
154.64
+5%
162.26
+5%
156.63
-3%
124.14
-21%
121.02
-3%
113.69
-6%
90.03
-21%
54.5
-39%
35.09
-36%
-4.08
N/A
-8.21
-101%
16.64
N/A
14.75
-11%
42.92
+191%
58.34
+36%
82.42
+41%
106.49
+29%
177.34
+67%
236.68
+33%
300.22
+27%
108.36
-64%
340.25
+214%
349.93
+3%
285.56
-18%
97.89
-66%
230.69
+136%
181.4
-21%
64.37
-65%
85.9
+33%
98.02
+14%
110.83
+13%
113.13
+2%
108.28
-4%
78.69
-27%
81.92
+4%

See Also

Summary
TWA intrinsic value, competitors valuation, and company profile.
DCF Valuation
TWA stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TWA stock valuation using valuation multiples.
Wall Street Estimates
TWA price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TWA stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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