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Tokyo Tatemono Co ( (JP:8804) ) has provided an update.
Tokyo Tatemono Co. reported steady growth in operating revenue and profits, with operating revenue rising from ¥340.5 billion in fiscal 2021 to ¥375.9 billion in 2023 and a further increase to ¥474.6 billion in 2024, supported by higher gross profit and relatively stable margins. Operating profit climbed from ¥58.8 billion in 2021 to ¥70.5 billion in 2023 and ¥95.8 billion in 2024, and the company forecasts continued gains in fiscal 2025, targeting ¥524.0 billion in operating revenue and ¥100.0 billion in operating profit, underscoring a trajectory of earnings expansion that may strengthen its balance sheet and competitive standing in the real estate sector.
Ordinary profit and profit attributable to owners of parent also trended upward, with ordinary profit increasing to ¥78.2 billion and net profit to ¥58.9 billion in 2024, reflecting improved core operations despite non-operating expenses and extraordinary items. The introduction of a revised “business profit” definition from 2024, which now incorporates equity-method income, investment-related gains and gains on sale of non-current assets, signals a shift toward highlighting comprehensive earnings from both domestic and overseas investment vehicles, which could offer investors a clearer view of underlying profitability and capital efficiency.
The most recent analyst rating on (JP:8804) stock is a Buy with a Yen4162.00 price target. To see the full list of analyst forecasts on Tokyo Tatemono Co stock, see the JP:8804 Stock Forecast page.
More about Tokyo Tatemono Co
Tokyo Tatemono Co. is a Japanese real estate developer and property manager, operating across commercial, residential and investment properties. The company focuses on generating stable revenue from its domestic portfolio while expanding profit through development projects and related real estate services.
Average Trading Volume: 821,496
Technical Sentiment Signal: Buy
Current Market Cap: Yen821.7B
For a thorough assessment of 8804 stock, go to TipRanks’ Stock Analysis page.