Tokyu Fudosan Holdings Corp. (JP:3289)
:3289
Top Page
Tokyu Fudosan Holdings
(3289)
Select Model
Select Model
Rating:78Outperform
Price Target:
¥1,790.00
▲(31.67% Upside)
Action:ReiteratedDate:11/22/25
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
Diversified revenue mix
Tokyu Fudosan's business spans development sales, leased income, and management fees, creating multiple durable cash streams. Recurring rental and fee income smooths earnings versus cyclical residential sales, while development provides additional margin upside and asset accumulation over time.
Negative Factors
High leverage
Leverage at roughly 2.1x equity is elevated even for real estate, increasing interest and refinancing risk if cash flows soften. High debt reduces financial flexibility for opportunistic land buys or distress scenarios and makes the company more sensitive to rate upcycles and credit market tightening.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue mix
Tokyu Fudosan's business spans development sales, leased income, and management fees, creating multiple durable cash streams. Recurring rental and fee income smooths earnings versus cyclical residential sales, while development provides additional margin upside and asset accumulation over time.
Read all positive factors
Tokyu Fudosan Holdings (3289) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥977.91B
Dividend Yield2.88%
Average Volume (3M)2.33M
Price to Earnings (P/E)25.4
Beta (1Y)0.98
Revenue Growth11.00%
EPS Growth88.70%
CountryJP
Employees21,170
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)14.12
Shares Outstanding719,831,000
10 Day Avg. Volume2,020,730
30 Day Avg. Volume2,328,523
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)0.87
Price to Sales (P/S)0.62
P/FCF Ratio-30.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,571.82Price Target Upside15.62% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)128.05
Revenue Forecast (FY)¥1.30T
Tokyu Fudosan Holdings Business Overview & Revenue Model
Company Description
Tokyu Fudosan Holdings Corporation, together with its subsidiaries, engages in the real estate business in Japan and internationally. The company operates through four segments: Urban Development, Strategic Investment, Property Management & Operat...
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 sp...
Tokyu Fudosan Holdings Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.22T | 1.15T | 1.10T | 1.01T | 989.05B | 907.74B |
| Gross Profit | 204.40B | 189.53B | 166.36B | 147.40B | 145.18B | 119.66B |
| EBITDA | 227.22B | 192.12B | 164.68B | 130.65B | 115.68B | 98.88B |
| Net Income | 92.30B | 77.56B | 68.55B | 48.23B | 35.13B | 21.67B |
Balance Sheet | ||||||
| Total Assets | 3.41T | 3.26T | 3.03T | 2.74T | 2.63T | 2.65T |
| Cash, Cash Equivalents and Short-Term Investments | 193.84B | 182.24B | 263.19B | 186.01B | 177.60B | 210.93B |
| Total Debt | 1.93T | 1.75T | 1.61T | 1.48T | 1.42T | 1.48T |
| Total Liabilities | 2.55T | 2.42T | 2.26T | 2.04T | 1.99T | 2.04T |
| Stockholders Equity | 844.75B | 822.52B | 750.15B | 684.63B | 631.79B | 596.67B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -23.10B | -88.85B | 10.11B | 30.19B | 143.00M |
| Operating Cash Flow | 0.00 | 47.43B | 156.47B | 94.74B | 76.45B | 100.41B |
| Investing Cash Flow | 0.00 | -139.38B | -171.37B | -107.00B | -30.98B | -112.87B |
| Financing Cash Flow | 0.00 | 871.00M | 90.95B | 29.71B | -82.08B | 105.19B |
Tokyu Fudosan Holdings Technical Analysis
Negative
1359.50
Price Trends
1469.47
Negative
1437.38
Negative
1284.47
Positive
Market Momentum
-37.24
Positive
39.90
Neutral
25.38
Neutral
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 1359.5 is below the 20-day moving average (MA) of 1431.48, below the 50-day MA of 1469.47, and above the 200-day MA of 1284.47, indicating a neutral trend. The MACD of -37.24 indicates Positive momentum. The RSI at 39.90 is Neutral, neither overbought nor oversold. The STOCH value of 25.38 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥977.91B | 25.41 | 11.06% | 2.88% | 11.00% | 88.70% | |
78 Outperform | ¥4.78T | 18.13 | 10.15% | 1.86% | 18.31% | 71.89% | |
74 Outperform | ¥1.19T | 9.43 | 19.43% | 5.16% | 5.16% | 6.00% | |
72 Outperform | ¥1.13T | 9.44 | 19.60% | 1.94% | 3.13% | 11.87% | |
71 Outperform | ¥5.35T | 11.76 | 7.67% | 1.18% | 7.97% | 13.59% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥157.89B | 20.44 | 8.95% | 3.39% | 28.94% | 109.35% |
* Real Estate Sector Average
JP:3289
Tokyu Fudosan Holdings
1,359.50
336.18
32.85%
JP:1878
Daito Construction
3,495.00
481.22
15.97%
JP:8802
Mitsubishi Estate Company
4,476.00
1,922.42
75.28%
JP:8801
Mitsui Fudosan Co
1,738.50
357.85
25.92%
JP:3288
Open House Co
9,937.00
4,277.39
75.58%
JP:8803
Heiwa Real Estate Co., Ltd.
2,383.00
42.71
1.83%
Tokyu Fudosan Holdings Corporate Events
Tokyu Fudosan Revamps Top Management to Drive 2030 Growth Plan
Feb 6, 2026
Tokyu Fudosan Holdings has announced a top management change effective April 1, 2026, as part of efforts to reinforce its management base and accelerate progress toward the targets in its Medium-Term Management Plan 2030. Current President CEO Hi...
Tokyu Fudosan Holdings Lifts Nine-Month Profit 31% and Confirms Strong FY2025 Outlook
Feb 6, 2026
Tokyu Fudosan Holdings reported solid results for the first nine months of fiscal 2025, with operating revenue up 9.0% year on year to ¥832.2 billion and profit attributable to owners of parent rising 31.1% to ¥62.2 billion, reflecting i...
Tokyu Fudosan Pioneers Japan’s First Climate/Nature-Linked Bonds
Dec 5, 2025
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 ye...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.