Tokyu Fudosan Holdings (3289) AI Stock Analysis

• Market Cap: $723.63B
• Dividend Yield: 5.07%
• Average Volume (3M): 2.10M
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.98
• Revenue Growth: 4.28%
• EPS Growth: 12.67%
• Country: JP
• Employees: 21,170
• Sector: Real Estate
• Sector Strength: 57
• Industry: Real Estate - Diversified
• EPS (TTM): 42.18
• Shares Outstanding: 719,831,000
• 10 Day Avg. Volume: 1,964,510
• 30 Day Avg. Volume: 2,098,076
• PEG Ratio: 0.98
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $1,280.26
• Price Target Upside: 27.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 76 Outperform
• Price Target: ¥1,166.00 ▲(15.90%Upside)

The overall stock score reflects strong financial performance and a favorable valuation, indicating the company is fundamentally sound with an attractive investment profile. However, technical indicators suggest cautious optimism due to potential short-term price weakness. Investors should be mindful of the company's high leverage and negative Free Cash Flow, which are typical in the real estate sector but require careful management.

Tokyu Fudosan Holdings Business Overview & Revenue Model

Company Description

Tokyu Fudosan Holdings Corporation is a prominent Japanese real estate company engaged in various sectors including urban development, commercial and residential real estate, and property management. The company is involved in the development and management of office buildings, retail facilities, residential properties, and resorts, primarily in Japan. It operates through various segments such as Urban Development, Residential, Wellness, and others, offering comprehensive real estate solutions to both individual and corporate clients.

How the Company Makes Money

Tokyu Fudosan Holdings generates revenue through multiple streams, primarily from its real estate development and management activities. The company's Urban Development segment earns revenue from the leasing and management of office buildings and commercial facilities. The Residential segment contributes through the sale and leasing of residential properties. Additionally, the company operates wellness facilities and resorts, generating income from hospitality services. Tokyu Fudosan Holdings also engages in property management services, providing maintenance and operational support for real estate assets, which adds to its revenue. Strategic partnerships and joint ventures in real estate projects further enhance its financial performance, while its diverse portfolio allows for stable income generation across different market conditions.

Tokyu Fudosan Holdings Financial Statement Overview

Summary

Tokyu Fudosan Holdings demonstrates strong financial health with consistent revenue growth and improved profit margins. The balance sheet shows high leverage, common in real estate, balanced by a strong equity base. Cash flow is a concern due to negative Free Cash Flow from high capital expenditure, requiring careful management.

Income Statement

Tokyu Fudosan Holdings shows a strong performance in its income statement with consistent revenue growth and improving profit margins. The Gross Profit Margin improved to 21.33% in 2025 from 19.59% in 2024. Net Profit Margin increased to 6.74% from 6.21% over the same period, indicating better cost management. Revenue growth has been steady, with a 4.28% increase from 2024 to 2025. The EBIT Margin improved to 12.23%, reflecting enhanced operational efficiency. However, the EBITDA Margin of 17.08% suggests room for further improvement in operational leverage.

Balance Sheet

The company's balance sheet remains robust, with a stable Equity Ratio of 25.23% in 2025. The Debt-to-Equity Ratio is slightly high at 2.12, indicating significant leverage, which is typical in the real estate industry but poses a risk if cash flow weakens. The Return on Equity improved to 9.43%, showcasing a solid return for shareholders. Overall, while leveraging is high, the company maintains a strong equity base.

Cash Flow

Cash flow analysis reveals challenges with negative Free Cash Flow due to high capital expenditures, typical for real estate expansion. The Operating Cash Flow to Net Income Ratio is 0.61, indicating decent cash generation relative to net income. The Free Cash Flow to Net Income Ratio is negative, reflecting heavy reinvestment, which could impact liquidity if not managed properly. However, the company's operating cash flow remains positive, supporting ongoing operations.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.15T	1.10T	1.01T	989.05B	907.74B
Gross Profit	245.32B	216.03B	197.15B	193.90B	164.79B
EBITDA	196.55B	169.92B	160.16B	132.54B	101.66B
Net Income	77.56B	68.55B	48.23B	35.13B	21.67B
Balance Sheet
Total Assets	3.26T	3.03T	2.74T	2.63T	2.65T
Cash, Cash Equivalents and Short-Term Investments	182.24B	263.19B	186.01B	177.60B	210.93B
Total Debt	1.75T	1.59T	1.48T	1.42T	1.48T
Total Liabilities	2.42T	2.26T	2.04T	1.99T	2.04T
Stockholders Equity	822.53B	750.15B	684.63B	631.79B	596.67B
Cash Flow
Free Cash Flow	-23.10B	-88.85B	10.11B	30.19B	143.00M
Operating Cash Flow	47.43B	156.47B	94.74B	76.45B	100.41B
Investing Cash Flow	-139.38B	-178.19B	-120.06B	-31.79B	-116.03B
Financing Cash Flow	871.00M	97.77B	42.76B	-81.27B	108.34B

Tokyu Fudosan Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1006.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3289, the sentiment is Negative. The current price of 1006 is below the 20-day moving average (MA) of 1036.98, below the 50-day MA of 1045.46, and above the 200-day MA of 988.18, indicating a neutral trend. The MACD of -2.21 indicates Positive momentum. The RSI at 37.77 is Neutral, neither overbought nor oversold. The STOCH value of 16.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3289.

Tokyu Fudosan Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3288	80 Outperform	¥790.25B	8.72	18.00%	3.82%	10.51%	-9.28%
3289	76 Outperform	$723.63B	9.26	9.70%	5.07%	4.28%	12.67%
1878	72 Outperform	¥1.05T	10.81	21.32%	5.53%	6.40%	28.89%
8801	72 Outperform	$3.69T	14.91	7.82%	2.25%	10.16%	11.46%
8802	71 Outperform	¥3.30T	17.81	7.53%	2.34%	4.99%	14.35%
Sector *	70 Outperform	¥232.09B	14.43	10.69%	5.57%	18.27%	21.04%

Tokyu Fudosan Holdings Corporate Events

Tokyu Fudosan Holdings Affirms Independence Amid Tokyu Corporation Affiliation

Tokyu Fudosan Holdings Corporation announced its relationship with Tokyu Corporation, highlighting that Tokyu owns 16.06% of its voting rights. The company maintains a degree of independence in its operations despite its affiliation with Tokyu, ensuring that transactions between the two are limited in financial value. This positioning allows Tokyu Fudosan Holdings to pursue corporate activities that align with diverse values while enhancing the Tokyu brand.

The most recent analyst rating on (JP:3289) stock is a Buy with a Yen1350.00 price target. To see the full list of analyst forecasts on Tokyu Fudosan Holdings stock, see the JP:3289 Stock Forecast page.

Tokyu Fudosan Launches Employee Shareholding Incentive Plan

Tokyu Fudosan Holdings Corporation has introduced a Trust-type Employee Shareholding Incentive Plan (E-Ship) to motivate employees and increase the company’s medium- to long-term corporate value. This plan involves establishing a trust to acquire company shares, with employees participating in the Employee Shareholding Association benefiting from potential surplus distributions. The initiative seeks to align employee interests with those of shareholders, fostering unity and enhancing motivation while ensuring financial well-being through expanded employee benefits.

Tokyu Fudosan Unveils Ambitious Medium-Term Management Plan for 2030

Tokyu Fudosan Holdings has announced its medium-term management plan for 2030, aiming to build a solid and distinctive business portfolio to drive further profit growth. The plan emphasizes resilience and efficiency, leveraging the company’s unique business ecosystem and synergies across its group companies to meet evolving societal needs and expand market opportunities.

Tokyu Fudosan Holdings Increases Year-End Dividend Amid Profit Growth

Tokyu Fudosan Holdings Corporation announced an increase in its year-end dividend to 19.50 yen per share, up from the previous forecast of 17.00 yen, resulting in annual dividends of 36.50 yen per share. This decision reflects a profit increase to 77.6 billion yen, surpassing the earlier forecast, and demonstrates the company’s confidence in its financial performance and future business environment.