TOWA Corporation
TOWA Corporation engages in the design, development, manufacture, and sale of semiconductor manufacturing equipment and high-precision molds in Japan and internationally. It operates through three segments: Semiconductor Manufacturing Equipment, Medical Device, and Laser Processing Equipment. The Semiconductor Manufacturing Equipment segment manufactures and sells precision molds for semiconducto… Read more
TOWA Corporation (TWA) - Net Assets
Latest net assets as of September 2025: €63.83 Billion EUR
Based on the latest financial reports, TOWA Corporation (TWA) has net assets worth €63.83 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€91.01 Billion) and total liabilities (€27.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €63.83 Billion |
| % of Total Assets | 70.14% |
| Annual Growth Rate | 11.85% |
| 5-Year Change | 94.85% |
| 10-Year Change | 179.72% |
| Growth Volatility | 9.59 |
TOWA Corporation - Net Assets Trend (2014–2025)
This chart illustrates how TOWA Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TOWA Corporation (2014–2025)
The table below shows the annual net assets of TOWA Corporation from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €61.39 Billion | +5.05% |
| 2024-03-31 | €58.44 Billion | +22.70% |
| 2023-03-31 | €47.62 Billion | +15.81% |
| 2022-03-31 | €41.12 Billion | +30.53% |
| 2021-03-31 | €31.50 Billion | +16.60% |
| 2020-03-31 | €27.02 Billion | -2.54% |
| 2019-03-31 | €27.72 Billion | -0.65% |
| 2018-03-31 | €27.91 Billion | +11.17% |
| 2017-03-31 | €25.10 Billion | +14.37% |
| 2016-03-31 | €21.95 Billion | +4.22% |
| 2015-03-31 | €21.06 Billion | +17.59% |
| 2014-03-31 | €17.91 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOWA Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 531.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €45.48 Billion | 74.09% |
| Other Components | €15.91 Billion | 25.91% |
| Total Equity | €61.39 Billion | 100.00% |
TOWA Corporation Competitors by Market Cap
The table below lists competitors of TOWA Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Friendship&Apollo Commercial Co Ltd
SHE:002277
|
$893.82 Million |
|
Zhejiang Wolwo Bio-Pharmaceutical Co Ltd
SHE:300357
|
$893.83 Million |
|
Gray Television Inc
NYSE:GTN-A
|
$894.19 Million |
|
China Suntien Green Energy Corporation Limited
PINK:CSGEF
|
$894.23 Million |
|
Harbin Gloria Pharmaceuticals
SHE:002437
|
$893.29 Million |
|
Nippon Light Metal Holdings Company Ltd
F:N9L
|
$893.22 Million |
|
Great Wall Enterprise Co Ltd
TW:1210
|
$893.11 Million |
|
Hanwha Corp Preferred
KO:00088K
|
$892.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOWA Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 58,435,901,000 to 61,386,366,000, a change of 2,950,465,000 (5.0%).
- Net income of 8,121,050,000 contributed positively to equity growth.
- Dividend payments of 1,001,188,000 reduced retained earnings.
- Share repurchases of 2,111,000 reduced equity.
- Other factors decreased equity by 4,167,286,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €8.12 Billion | +13.23% |
| Dividends Paid | €1.00 Billion | -1.63% |
| Share Repurchases | €2.11 Million | -0.0% |
| Other Changes | €-4.17 Billion | -6.79% |
| Total Change | €- | 5.05% |
Book Value vs Market Value Analysis
This analysis compares TOWA Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €987.38 | €14.20 | x |
| 2018-03-31 | €1115.78 | €14.20 | x |
| 2019-03-31 | €1104.23 | €14.20 | x |
| 2020-03-31 | €1076.63 | €14.20 | x |
| 2021-03-31 | €1246.80 | €14.20 | x |
| 2022-03-31 | €1628.59 | €14.20 | x |
| 2023-03-31 | €1887.38 | €14.20 | x |
| 2024-03-31 | €2337.55 | €14.20 | x |
| 2025-03-31 | €818.41 | €14.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOWA Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.19%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.36x
- Recent ROE (13.23%) is above the historical average (10.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.22% | 3.31% | 0.59x | 1.65x | €-1.20 Billion |
| 2015 | 10.10% | 9.88% | 0.67x | 1.53x | €21.00 Million |
| 2016 | 8.30% | 8.07% | 0.69x | 1.50x | €-367.90 Million |
| 2017 | 15.66% | 14.00% | 0.77x | 1.46x | €1.40 Billion |
| 2018 | 10.85% | 9.76% | 0.77x | 1.45x | €236.07 Million |
| 2019 | 3.18% | 3.10% | 0.64x | 1.59x | €-1.88 Billion |
| 2020 | 1.37% | 1.46% | 0.59x | 1.60x | €-2.32 Billion |
| 2021 | 8.54% | 8.96% | 0.57x | 1.66x | €-454.92 Million |
| 2022 | 19.96% | 16.05% | 0.71x | 1.75x | €4.06 Billion |
| 2023 | 15.56% | 13.65% | 0.73x | 1.56x | €2.62 Billion |
| 2024 | 11.03% | 12.77% | 0.57x | 1.50x | €600.60 Million |
| 2025 | 13.23% | 15.19% | 0.64x | 1.36x | €1.98 Billion |
Industry Comparison
This section compares TOWA Corporation's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $25,243,657,334
- Average return on equity (ROE) among peers: 8.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOWA Corporation (TWA) | €63.83 Billion | 3.22% | 0.43x | $893.35 Million |
| Daqo New Energy Corp (5DQ2) | $6.45 Billion | 6.66% | 0.15x | $1.45 Billion |
| Kokusai Electric Corporation (69B) | $119.52 Billion | 42.95% | 1.98x | $5.02 Billion |
| ASM Pacific Technology Limited (AY7A) | $15.29 Billion | 2.26% | 0.55x | $3.72 Billion |
| Smoltek Nanotech Holding AB (GY9) | $83.10 Million | -40.19% | 0.11x | $3.69 Million |
| Mimasu Semiconductor Industry Co. Ltd (MU2) | $51.54 Billion | 0.76% | 0.23x | $745.20 Million |
| Nova Measuring Instruments Ltd (NMR) | $927.79 Million | 19.81% | 0.50x | $11.55 Billion |
| First Sensor AG (SIS) | $135.62 Million | 38.59% | 0.33x | $92.99 Million |
| SAMCO Inc (SMU) | $8.00 Billion | -3.32% | 0.27x | $170.96 Million |