Toray Industries, Inc. (TYO:3402)

Toray Industries Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, Toray Industries stock has a consensus rating of "Buy" and an average price target of ¥1,435. The average 1-year stock price forecast is 21.29% higher than the current stock price, while the lowest is ¥1,060 (-10.44%) and the highest is ¥1,700 (+43.64%).

Price Target: ¥1,435 (+21.29%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	¥1,060	¥1,435	¥1,450	¥1,700
Change	-10.44%	+21.29%	+22.52%	+43.64%

Analyst Ratings

The average analyst rating for Toray Industries stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	4	5	5	4	4	4
Buy	3	4	4	4	4	4
Hold	3	2	2	2	2	2
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	11	12	12	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst UBS No rating	UBS	Hold Maintains ¥1,220	Hold	Maintains	¥1,220	+3.08%	Oct 21, 2026
Unknown Analyst Okasan Securities No rating	Okasan Securities	Buy Maintains ¥1,600	Buy	Maintains	¥1,600	+35.19%	Sep 28, 2026
Takato Watabe Morgan Stanley	Morgan Stanley	Buy Reiterates ¥1,600 → ¥1,700	Buy	Reiterates	¥1,600 → ¥1,700	+43.64%	Sep 10, 2026
Unknown Analyst Nomura No rating	Nomura	Hold Maintains ¥1,170 → ¥1,180	Hold	Maintains	¥1,170 → ¥1,180	-0.30%	Sep 1, 2026
Unknown Analyst SBI Securities No rating	SBI Securities	Hold Maintains ¥1,420	Hold	Maintains	¥1,420	+19.98%	Sep 1, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.80T

Increased by 8.33%

from 2.59T

Revenue Next Year

2.90T

Increased by 3.71%

from 2.80T

EPS This Year

70.59

Increased by 33.51%

from 52.87

EPS Next Year

81.62

Increased by 15.62%

from 70.59

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	2.23T	2.49T	2.46T	2.56T	2.59T	2.80T
Revenue Growth	18.31%	11.70%	-0.99%	4.00%	0.85%	8.33%
Gross Profit	435.97B	420.84B	443.52B	505.90B	520.05B	564.21B
Gross Margin	19.56%	16.91%	18.00%	19.74%	20.12%	20.15%
Operating Income	132.06B	92.62B	100.81B	140.81B	141.91B	159.34B
Net Income	84.24B	72.82B	21.90B	77.91B	79.52B	102.89B
EPS	52.19	45.40	13.65	48.84	52.87	70.59
EPS Growth	82.67%	-13.01%	-69.93%	257.80%	8.25%	33.51%
Forward PE	17.98	16.69	13.35	15.87	15.44	16.77
Dividend / Share	16.00	18.00	18.00	18.00	20.00	26.11
Dividend Growth	77.78%	12.50%	-	-	11.11%	30.56%
Free Cash Flow	-	-	-	-	144.80B	41.50B
No. Analysts	-	-	-	-	-	10

Financial currency is JPY.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	2.9T
Avg	2.8T
Low	2.7T

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	11.0%
Avg	8.3%
Low	4.5%

EPS Forecast

Chart

EPS	2027	2028	2029
High	79.27
Avg	70.59
Low	56.10

EPS Growth

EPS Growth	2027	2028	2029
High	49.9%
Avg	33.5%
Low	6.1%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Oct 21, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

Data Sources Report a data error