Toyo Tanso
5310.TMEDIUMScore: 34.5Materials / Forgings · Weight: 5%· Data as of 2026-04-21
Also in:Nuclear
¥6,150+1.32%
6-month dailyInvestment Thesis
MONOPOLY: Only supplier of IG-110 nuclear-grade graphite used in ALL HTGRs globally (Japan HTTR, China HTR-PM, X-energy Xe-100). $40M X-energy supply agreement. No substitute exists. Micro-cap with massive leverage to SMR/HTGR buildout.
Risk
HTGR commercialization timeline uncertain. Small revenue base. Xe-100 construction delays would push out revenue.
Monitoring Trigger
X-energy Xe-100 construction milestones. HTGR orders from other countries.
Key Metrics
23.2
PE
23.8
Fwd PE
1.3
P/B
5.7%
ROE
14.6%
Op Margin
6%
D/E
2.42%
Div Yield
-¥5.8B (capex phase)
FCF
¥127B
Mkt Cap
Supply Chain Evidence
| Evidence | Customer | Product | Detail |
|---|---|---|---|
| confirmed | X-energy | IG-110 graphite for Xe-100 HTGR fuel pebbles | $40M supply agreement |