Revenue & Margin ImprovementSustained revenue growth with rising gross and net margins indicates durable pricing power and better cost control in core leasing and finance businesses. Higher margins support internal reinvestment, dividend capacity, and resilience to cyclical demand swings over the medium term.

Positive Free Cash FlowTurning free cash flow positive signals improved cash generation from operations and reduces reliance on external funding. A strong OCF-to-net-income ratio implies earnings quality, enabling debt repayment, selective asset growth, or strategic investments without undermining liquidity over coming quarters.

Large Asset Base & Diversified Leasing ModelScale and a diversified leasing franchise (equipment, vehicles, auto services) bolster origination capabilities and distribution via partners. A large asset base supports cross-selling, residual-value management expertise, and competitive positioning that sustain earnings across economic cycles.

Bears Say

High LeverageA high debt-to-equity ratio materially increases sensitivity to interest-rate moves and refinancing risk for a leasing financier. Elevated leverage constrains strategic flexibility, raises funding costs under stress, and amplifies downside from asset-residual shocks over the medium term.

Thin Equity CushionA low equity ratio implies a limited capital buffer against credit losses or asset-value declines. For an asset-heavy lessor, thin equity heightens risk of capital shortfalls during downturns, potentially forcing asset sales or dilutive capital raises to preserve regulatory and counterparty confidence.

Limited Public Disclosure / GuidanceAbsence of earnings-call details and limited corporate-event disclosure reduces investor visibility into portfolio quality, residual-value assumptions, and management responses to funding or market shifts. That opacity makes assessing execution risk and capital plans harder over coming quarters.

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 ¥2290.00 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 77 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.