Margin ImprovementImproving gross and net margins signal durable operating leverage and effective cost management in leasing operations. Sustained margin expansion supports internal funding for growth, improves return on equity and provides a buffer versus cyclical pressure in residual values or interest costs.

Free Cash Flow TurnaroundTransition to positive free cash flow enhances financial flexibility and reduces reliance on external funding for asset origination. Persisting positive FCF enables deleveraging, dividend support and reinvestment in core leasing businesses, strengthening balance sheet resilience over time.

Scale & Diversified Leasing PlatformA large, growing asset base and diversified equipment, vehicle and specialty finance lines provide competitive scale. Scale supports origination, distribution partnerships and risk pooling, lowering unit operating costs and sustaining market position across business cycles.

Bears Say

High LeverageSignificant leverage elevates refinancing, interest rate and liquidity risks for a leasing-heavy balance sheet. High debt levels constrain strategic flexibility, amplify downside in economic stress and can increase funding costs, limiting the company's ability to invest or absorb asset-value shocks.

Operating Cash Flow VolatilityVolatile operating cash flow undermines predictability of funding for asset rollovers and dividends. For a finance-leasing model that requires steady origination and asset replacement, cash flow variability raises execution risk and complicates plans to sustainably reduce leverage.

Residual Value ExposureEarnings and capital are exposed to used-asset price cycles and residual value assumptions. Structural declines or misestimates in resale values can cause loss recognition and capital strain, making profitability and cash generation sensitive to durable shifts in secondary markets.

8439 FAQ

What was Tokyo Century Corporation’s price range in the past 12 months?

Tokyo Century Corporation lowest stock price was ¥1261.50 and its highest was ¥2270.00 in the past 12 months.

What is Tokyo Century Corporation’s market cap?

Tokyo Century Corporation’s market cap is ¥1.10T.

When is Tokyo Century Corporation’s upcoming earnings report date?

Tokyo Century Corporation’s upcoming earnings report date is May 07, 2026 which is in 80 days.

How were Tokyo Century Corporation’s earnings last quarter?

Tokyo Century Corporation released its earnings results on Feb 06, 2026. The company reported ¥47.25 earnings per share for the quarter, missing the consensus estimate of ¥52.76 by -¥5.51.

Is Tokyo Century Corporation overvalued?

According to Wall Street analysts Tokyo Century Corporation’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Tokyo Century Corporation pay dividends?

Tokyo Century Corporation pays a Semiannually dividend of ¥36 which represents an annual dividend yield of 3.37%. See more information on Tokyo Century Corporation dividends here

What is Tokyo Century Corporation’s EPS estimate?

Tokyo Century Corporation’s EPS estimate is -32.68.

How many shares outstanding does Tokyo Century Corporation have?

Tokyo Century Corporation has 492,113,280 shares outstanding.

What happened to Tokyo Century Corporation’s price movement after its last earnings report?

Tokyo Century Corporation reported an EPS of ¥47.25 in its last earnings report, missing expectations of ¥52.76. Following the earnings report the stock price went up 1.59%.

Which hedge fund is a major shareholder of Tokyo Century Corporation?

Currently, no hedge funds are holding shares in JP:8439

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Tokyo Century Corporation

Tokyo Century Corporation provides leasing, installment sales, and other financial services for IT-related equipment, industrial equipment, and other machinery and facilities in Japan and internationally. The company offers financial services for various types of equipment and machinery, including information and communications, office, factory, and commercial equipment, as well as construction machinery; financial services in the fields of shipping, aviation, environment and energy, and real estate, as well as structured finance products; and account receivable financing and securitization services. It also provides auto and aviation leasing, and car rental and sharing services for corporate customers and individuals; telematics; refurbishment of IT equipment; casualty insurance; factoring and reverse factoring; and business processing and inspection services, as well as sells electricity generated using biogas and solar. In addition, the company is involved in auto financing, property management, real estate leasing, general trading, real estate investment, IT equipment leasing, and investment/shareholding and ancillary businesses. The company was formerly known as Century Tokyo Leasing Corporation and changed its name to Tokyo Century Corporation in October 2016. Tokyo Century Corporation was founded in 1964 and is headquartered in Tokyo, Japan.