Tokyu Fudosan Holdings (3289) AI Stock Analysis

• Market Cap: ¥1.06T
• Dividend Yield: 2.88%
• Average Volume (3M): 2.33M
• Price to Earnings (P/E): 10.0
• Beta (1Y): 0.92
• Revenue Growth: 11.00%
• EPS Growth: 88.70%
• Country: JP
• Employees: 21,170
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 30.20
• Shares Outstanding: 719,831,000
• 10 Day Avg. Volume: 2,020,730
• 30 Day Avg. Volume: 2,328,523
• PEG Ratio: 0.72
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.62
• P/FCF Ratio: -30.84
• 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: ¥1,450.00
• Price Target Upside: 3.09% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ¥1,603.00 ▲(13.97% Upside)

Tokyu Fudosan Holdings is well-positioned with strong financial performance and attractive valuation. The stock's bullish technical indicators are tempered by overbought signals, suggesting caution. The company's high leverage and negative Free Cash Flow are risks that should be monitored.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for the company's real estate offerings and effective market strategies, supporting long-term business expansion.

Profit Margin Improvement

Improved profit margins reflect better cost management and operational efficiency, enhancing the company's profitability and competitive position.

Operational Efficiency

Higher EBIT margins demonstrate effective cost control and resource allocation, contributing to sustainable profitability and competitive advantage.

Negative Factors

High Leverage

High leverage can increase financial risk, potentially impacting the company's ability to invest in growth and weather economic downturns.

Negative Free Cash Flow

Negative free cash flow suggests potential liquidity constraints, limiting the company's ability to fund new projects or return capital to shareholders.

Cash Flow Management

Moderate cash generation relative to net income indicates potential challenges in converting earnings into cash, affecting financial flexibility.

Tokyu Fudosan Holdings Business Overview & Revenue Model

Company Description

Tokyu Fudosan Holdings (3289) is a leading real estate development and management company in Japan, part of the Tokyu Group. The company operates primarily in the real estate sector, focusing on residential, commercial, and office properties. Its core products and services include property development, leasing, asset management, and real estate investment, catering to a diverse clientele including individuals, corporations, and institutional investors. Tokyu Fudosan Holdings also engages in the development of urban infrastructure and community services, enhancing the quality of life in the areas it operates.

How the Company Makes Money

Tokyu Fudosan Holdings generates revenue through several key streams. The primary source is from the sale and leasing of residential properties, where it develops and sells condominiums and houses, as well as rents out apartments and commercial spaces. Additionally, the company earns income from its property management services, which involve managing real estate assets for clients. Another significant revenue stream comes from real estate investment trusts (REITs) and partnerships with other developers and investors, enabling the company to share profits from larger projects. Moreover, Tokyu Fudosan Holdings benefits from its strategic collaborations with other entities in the Tokyu Group, which can lead to bundled services and integrated development projects, further enhancing its revenue potential.

Tokyu Fudosan Holdings Financial Statement Overview

Summary

Tokyu Fudosan Holdings demonstrates solid financial health with strong revenue growth and profitability improvements. The balance sheet shows high leverage, which is common in the industry, balanced by a firm equity base. Cash flow management is crucial, given the negative Free Cash Flow due to heavy capital investments. Overall, the company is on a positive trajectory, with strengths in revenue and profit margins, but should monitor leverage and cash flow closely.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.17T	1.15T	1.10T	1.01T	989.05B	907.74B
Gross Profit	257.73B	245.32B	216.03B	197.15B	193.90B	164.79B
EBITDA	207.21B	192.12B	164.68B	160.16B	132.54B	101.66B
Net Income	89.22B	77.56B	68.55B	48.23B	35.13B	21.67B
Balance Sheet
Total Assets	3.33T	3.26T	3.03T	2.74T	2.63T	2.65T
Cash, Cash Equivalents and Short-Term Investments	224.25B	182.24B	263.19B	186.01B	177.60B	210.93B
Total Debt	1.85T	1.75T	1.59T	1.48T	1.42T	1.48T
Total Liabilities	2.48T	2.42T	2.26T	2.04T	1.99T	2.04T
Stockholders Equity	826.12B	822.52B	750.15B	684.63B	631.79B	596.67B
Cash Flow
Free Cash Flow	0.00	-23.10B	-88.85B	92.33B	75.55B	143.00M
Operating Cash Flow	0.00	47.43B	156.47B	94.74B	76.45B	100.41B
Investing Cash Flow	0.00	-139.98B	-178.19B	-120.06B	-31.79B	-116.03B
Financing Cash Flow	0.00	1.47B	97.77B	42.76B	-81.27B	108.34B

Tokyu Fudosan Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1406.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3289, the sentiment is Positive. The current price of 1406.5 is below the 20-day moving average (MA) of 1442.18, above the 50-day MA of 1395.24, and above the 200-day MA of 1162.82, indicating a bullish trend. The MACD of 15.83 indicates Positive momentum. The RSI at 61.59 is Neutral, neither overbought nor oversold. The STOCH value of 68.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3289.

Tokyu Fudosan Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3289	78 Outperform	¥1.06T	10.02	12.53%	2.88%	11.00%	88.70%
8801	78 Outperform	¥5.15T	16.48	9.59%	1.86%	18.31%	71.89%
1878	73 Outperform	¥1.04T	10.84	19.43%	5.16%	5.16%	6.00%
3288	72 Outperform	¥1.10T	10.79	19.60%	1.94%	3.13%	11.87%
8802	71 Outperform	¥4.78T	25.17	7.67%	1.18%	7.97%	13.59%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Tokyu Fudosan Holdings Corporate Events

Tokyu Fudosan Pioneers Japan’s First Climate/Nature-Linked Bonds

Tokyu Fudosan Holdings Corporation has announced the issuance of Climate/Nature-Linked Bonds, marking a significant step as Japan’s first Sustainability-Linked Bond aligned with ICMA’s guidelines. This issuance, valued at 40 billion yen, aims to support the company’s sustainability goals, including CO2 emission reductions and forest conservation, reflecting its commitment to environmental responsibility and enhancing its market position in sustainable finance.

The most recent analyst rating on (JP:3289) stock is a Buy with a Yen1603.00 price target. To see the full list of analyst forecasts on Tokyu Fudosan Holdings stock, see the JP:3289 Stock Forecast page.

Tokyu Fudosan Holdings Revises Financial Forecast and Increases Dividends

Tokyu Fudosan Holdings has revised its financial forecast for the fiscal year ending March 31, 2026, reflecting an expected increase in operating revenue, profit, and dividends due to strong performance in its real estate agent business and sales to investors. The company has also increased its interim and year-end dividend forecasts, indicating confidence in its financial outlook and commitment to shareholder returns.

The most recent analyst rating on (JP:3289) stock is a Buy with a Yen1409.00 price target. To see the full list of analyst forecasts on Tokyu Fudosan Holdings stock, see the JP:3289 Stock Forecast page.

Tokyu Fudosan Holdings Issues Climate-Linked Hybrid Bonds to Boost Sustainability

Tokyu Fudosan Holdings announced the issuance of publicly offered hybrid bonds, specifically Climate/Nature-Linked Bonds, as part of its strategy to enhance its financial base and support its environmental goals. These bonds align with the company’s Medium-Term Management Plan 2030, which includes ambitious targets for reducing CO2 emissions and addressing environmental issues, reinforcing its commitment to sustainability and potentially improving its market positioning.

The most recent analyst rating on (JP:3289) stock is a Buy with a Yen1409.00 price target. To see the full list of analyst forecasts on Tokyu Fudosan Holdings stock, see the JP:3289 Stock Forecast page.