Toho Acetylene Hits Day High with 9.5% Surge Amid Market Decline

Toho Acetylene Co., Ltd., a small-cap player in the specialty chemicals industry, has experienced a significant uptick in its stock performance, gaining 9.5% on February 25, 2026. The stock reached an intraday high of JPY 439.00, marking a notable achievement amid a challenging market backdrop, as the Japan Nikkei 225 index declined by 1.12% on the same day. Over the past month, Toho Acetylene has shown a robust performance, with a 16.8% increase, significantly outpacing the Nikkei 225's 7.24% rise. Year-to-date, the company's stock has risen by 21.67%, while the broader market has seen a gain of 12.88%. However, despite these short-term gains, the company has faced difficulties over the longer term, with a 66.31% decline over the past three years. Financially, Toho Acetylene maintains a strong ability to service its debt, evidenced by a healthy EBIT to interest ratio of 47.18. The company’s return on equity stands at 6.59%, and it trades at a price-to-book ratio of 0.70, indicating an attractive valuation relative to its peers.