Toppan Inc
TOPPAN Holdings Inc. develops solutions based on its printing technologies in Japan, Asia, and internationally. It operates through three segments: Information & Communication, Lifestyle & Industry, and Electronics. The Information & Communication segment offers securities in general, bankbooks, cards, business forms, catalogs and other advertising and promotional printed materials, magazines, bo… Read more
Toppan Inc (TONPF) - Net Assets
Latest net assets as of September 2025: $1.41 Trillion USD
Based on the latest financial reports, Toppan Inc (TONPF) has net assets worth $1.41 Trillion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.46 Trillion) and total liabilities ($1.05 Trillion). 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 | $1.41 Trillion |
| % of Total Assets | 57.36% |
| Annual Growth Rate | 2.63% |
| 5-Year Change | -2.38% |
| 10-Year Change | 32.97% |
| Growth Volatility | 5.82 |
Toppan Inc - Net Assets Trend (2000–2025)
This chart illustrates how Toppan Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Toppan Inc (2000–2025)
The table below shows the annual net assets of Toppan Inc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.42 Trillion | -9.49% |
| 2024-03-31 | $1.57 Trillion | +7.93% |
| 2023-03-31 | $1.45 Trillion | +1.04% |
| 2022-03-31 | $1.44 Trillion | -1.10% |
| 2021-03-31 | $1.45 Trillion | +10.91% |
| 2020-03-31 | $1.31 Trillion | -1.40% |
| 2019-03-31 | $1.33 Trillion | +1.93% |
| 2018-03-31 | $1.30 Trillion | +11.24% |
| 2017-03-31 | $1.17 Trillion | +9.85% |
| 2016-03-31 | $1.07 Trillion | -1.48% |
| 2015-03-31 | $1.08 Trillion | +18.59% |
| 2014-03-31 | $913.11 Billion | +2.78% |
| 2013-03-31 | $888.42 Billion | +2.56% |
| 2012-03-31 | $866.22 Billion | +0.25% |
| 2011-03-31 | $864.02 Billion | -1.15% |
| 2010-03-31 | $874.03 Billion | +0.72% |
| 2009-03-31 | $867.74 Billion | -7.72% |
| 2008-03-31 | $940.30 Billion | +2.43% |
| 2007-03-31 | $918.00 Billion | +2.41% |
| 2006-03-31 | $896.43 Billion | +7.82% |
| 2005-03-31 | $831.38 Billion | +4.14% |
| 2004-03-31 | $798.30 Billion | +3.37% |
| 2003-03-31 | $772.26 Billion | +1.75% |
| 2002-03-31 | $758.95 Billion | -0.66% |
| 2001-03-31 | $763.98 Billion | +3.03% |
| 2000-03-31 | $741.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toppan Inc'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 117.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.05 Trillion | 80.94% |
| Common Stock | $104.99 Billion | 8.12% |
| Other Components | $141.61 Billion | 10.95% |
| Total Equity | $1.29 Trillion | 100.00% |
Toppan Inc Competitors by Market Cap
The table below lists competitors of Toppan Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doosan
KO:000150
|
$7.78 Billion |
|
BAWAG Group AG
PINK:BWAGF
|
$7.78 Billion |
|
UGI Corporation
NYSE:UGI
|
$7.78 Billion |
|
Bilibili Inc
NASDAQ:BILI
|
$7.78 Billion |
|
Blueprint Medicines Corp
NASDAQ:BPMC
|
$7.77 Billion |
|
TFI International Inc
NYSE:TFII
|
$7.76 Billion |
|
Valmont Industries Inc
NYSE:VMI
|
$7.76 Billion |
|
Columbia Banking System Inc
NASDAQ:COLB
|
$7.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toppan Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,416,778,000,000 to 1,293,557,000,000, a change of -123,221,000,000 (-8.7%).
- Net income of 89,348,000,000 contributed positively to equity growth.
- Dividend payments of 14,918,000,000 reduced retained earnings.
- Share repurchases of 102,653,000,000 reduced equity.
- Other comprehensive income decreased equity by 231,801,000,000.
- Other factors increased equity by 136,803,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $89.35 Billion | +6.91% |
| Dividends Paid | $14.92 Billion | -1.15% |
| Share Repurchases | $102.65 Billion | -7.94% |
| Other Comprehensive Income | $-231.80 Billion | -17.92% |
| Other Changes | $136.80 Billion | +10.58% |
| Total Change | $- | -8.70% |
Book Value vs Market Value Analysis
This analysis compares Toppan Inc'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: 0.01x
- 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 |
|---|---|---|---|
| 2000-03-31 | $1964.18 | $30.21 | x |
| 2001-03-31 | $2038.75 | $30.21 | x |
| 2002-03-31 | $2046.15 | $30.21 | x |
| 2003-03-31 | $2052.04 | $30.21 | x |
| 2004-03-31 | $2127.31 | $30.21 | x |
| 2005-03-31 | $2269.86 | $30.21 | x |
| 2006-03-31 | $2336.54 | $30.21 | x |
| 2007-03-31 | $2428.60 | $30.21 | x |
| 2008-03-31 | $2855.35 | $30.21 | x |
| 2009-03-31 | $2271.00 | $30.21 | x |
| 2010-03-31 | $2317.41 | $30.21 | x |
| 2011-03-31 | $2281.44 | $30.21 | x |
| 2012-03-31 | $2274.30 | $30.21 | x |
| 2013-03-31 | $2352.64 | $30.21 | x |
| 2014-03-31 | $2362.00 | $30.21 | x |
| 2015-03-31 | $2608.70 | $30.21 | x |
| 2016-03-31 | $2615.60 | $30.21 | x |
| 2017-03-31 | $3009.79 | $30.21 | x |
| 2018-03-31 | $3341.10 | $30.21 | x |
| 2019-03-31 | $3430.37 | $30.21 | x |
| 2020-03-31 | $3546.74 | $30.21 | x |
| 2021-03-31 | $3828.54 | $30.21 | x |
| 2022-03-31 | $4049.84 | $30.21 | x |
| 2023-03-31 | $4029.10 | $30.21 | x |
| 2024-03-31 | $4410.08 | $30.21 | x |
| 2025-03-31 | $4471.44 | $30.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toppan Inc 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): 6.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.20%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.94x
- Recent ROE (6.91%) is above the historical average (3.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.33% | 2.46% | 0.95x | 1.85x | $-39.88 Billion |
| 2001 | 2.06% | 1.14% | 0.94x | 1.93x | $-56.86 Billion |
| 2002 | 3.94% | 2.15% | 0.96x | 1.92x | $-42.90 Billion |
| 2003 | 4.07% | 2.33% | 0.95x | 1.84x | $-42.42 Billion |
| 2004 | 4.22% | 2.41% | 0.89x | 1.97x | $-42.82 Billion |
| 2005 | 5.28% | 2.87% | 0.95x | 1.93x | $-36.25 Billion |
| 2006 | 1.88% | 0.98% | 0.90x | 2.15x | $-65.22 Billion |
| 2007 | 3.24% | 1.67% | 0.85x | 2.29x | $-54.27 Billion |
| 2008 | 4.10% | 2.31% | 0.93x | 1.90x | $-55.51 Billion |
| 2009 | -1.05% | -0.48% | 0.96x | 2.27x | $-81.66 Billion |
| 2010 | 1.57% | 0.78% | 0.90x | 2.23x | $-62.93 Billion |
| 2011 | 1.66% | 0.78% | 0.92x | 2.31x | $-61.25 Billion |
| 2012 | 0.42% | 0.20% | 0.95x | 2.17x | $-70.05 Billion |
| 2013 | 2.46% | 1.24% | 0.92x | 2.16x | $-56.99 Billion |
| 2014 | 2.63% | 1.35% | 0.89x | 2.19x | $-57.69 Billion |
| 2015 | 2.45% | 1.50% | 0.77x | 2.14x | $-70.46 Billion |
| 2016 | 3.77% | 2.39% | 0.79x | 2.01x | $-58.17 Billion |
| 2017 | 3.19% | 2.27% | 0.72x | 1.96x | $-69.45 Billion |
| 2018 | 3.72% | 2.91% | 0.67x | 1.89x | $-71.38 Billion |
| 2019 | 3.52% | 2.80% | 0.67x | 1.88x | $-75.63 Billion |
| 2020 | 7.36% | 5.86% | 0.69x | 1.81x | $-31.22 Billion |
| 2021 | 6.19% | 5.59% | 0.62x | 1.79x | $-50.38 Billion |
| 2022 | 9.02% | 7.96% | 0.68x | 1.68x | $-13.42 Billion |
| 2023 | 4.59% | 3.71% | 0.73x | 1.69x | $-71.65 Billion |
| 2024 | 5.25% | 4.43% | 0.69x | 1.72x | $-67.28 Billion |
| 2025 | 6.91% | 5.20% | 0.68x | 1.94x | $-40.01 Billion |
Industry Comparison
This section compares Toppan Inc's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $104,908,722,791
- Average return on equity (ROE) among peers: -580.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toppan Inc (TONPF) | $1.41 Trillion | 4.33% | 0.74x | $7.77 Billion |
| American Biltrite Inc (ABLT) | $54.10 Million | 22.74% | 0.53x | $786.16K |
| Agro Capital Management Corp (ACMB) | $-7.15 Million | 0.00% | 0.00x | $1.01 Million |
| African Discovery Group Inc (AFDG) | $54.66K | -5848.93% | 8.34x | $87.96 |
| Asahi Kaisei Corp (AHKSY) | $824.45 Billion | 6.51% | 1.18x | $14.57 Billion |
| Ai Holdings Corporation (AIHZF) | $80.51 Billion | 19.48% | 0.17x | $516.06 Million |
| Air T Inc (AIRT) | $21.31 Million | -34.15% | 5.60x | $21.25 Million |
| Alliance Global Group Inc (ALGGY) | $144.01 Billion | 9.65% | 0.89x | $1.28 Billion |
| Alpine 4 Holdings Inc (ALPP) | $-3.86 Million | 0.00% | 0.00x | $13.53K |
| Alaska Power & Telephone Company (APTL) | $48.02 Million | 21.25% | 1.61x | $538.24K |
| Alliance Recovery Corporation (ARVY) | $-1.81 Million | 0.00% | 0.00x | $26.21 |