Tokyu Fudosan Holdings (3289) AI Stock Analysis

• Market Cap: $893.75B
• Dividend Yield: 2.9%
• Average Volume (3M): 2.34M
• Price to Earnings (P/E): 10.0
• Beta (1Y): 0.94
• 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: 2,334,170
• 30 Day Avg. Volume: 2,339,210
• 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: 2.67
• Enterprise Value/Revenue: 2.04
• Enterprise Value/Gross Profit: 9.26
• Enterprise Value/Ebitda: 11.51
• 1Y Price Target: $1,304.62
• Price Target Upside: 3.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: ¥1,409.00 ▲(11.78% Upside)

Tokyu Fudosan Holdings receives a strong overall score driven by solid financial performance and attractive valuation. The company's robust revenue growth and profitability improvements are significant strengths, while the high leverage and negative free cash flow warrant careful monitoring. The technical analysis supports a positive outlook with bullish momentum, and the valuation metrics suggest the stock is undervalued, enhancing its appeal to investors.

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 & Operation, and Real Estate Agents. The Urban Development segment develops and operates office buildings, commercial facilities, condominiums, leased housing, and other facilities. The Strategic Investment segment develops and improves infrastructures, such as renewable energy power generation and logistics facilities. The Property Management & Operation segment manages condominiums, buildings and facilities, and other properties; and constructs rental conference rooms and hotels, as well as leisure, healthcare, and environmental and greening management facilities. The Real-Estate Agents segment provides real-estate sales agent service and consignment sales; and engages in operations related to rental housing management. It also owns and manages resort facilities, urban style hotels, senior housings, and membership sports clubs. The company was founded in 1918 and is headquartered in Tokyo, Japan.

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: 1260.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1260.5 is above the 20-day moving average (MA) of 1236.92, above the 50-day MA of 1222.90, and above the 200-day MA of 1062.60, indicating a bullish trend. The MACD of 10.47 indicates Negative momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 82.16 is Negative, 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	79 Outperform	$893.75B	9.95	12.53%	2.90%	11.00%	88.70%
8801	76 Outperform	$4.42T	14.34	9.59%	1.89%	18.31%	71.89%
3288	75 Outperform	¥888.93B	9.30	19.77%	2.34%	6.54%	-1.16%
1878	73 Outperform	$986.53B	10.25	19.43%	5.13%	5.16%	6.00%
8802	71 Outperform	$4.03T	20.94	7.99%	1.32%	4.42%	13.51%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Tokyu Fudosan Holdings Corporate Events

Tokyu Fudosan Introduces Employee Shareholding Incentive Plan to Boost Growth

Tokyu Fudosan Holdings Corporation has introduced a Trust-type Employee Shareholding Incentive Plan (E-Ship) to boost its medium- to long-term corporate value by aligning employees’ interests with shareholders. The plan involves the acquisition and distribution of company shares to employees, aiming to enhance employee motivation and financial well-being while supporting the company’s growth objectives.

The most recent analyst rating on (JP:3289) stock is a Buy with a Yen1160.00 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 Reports Strong Q1 FY2025 Growth

Tokyu Fudosan Holdings Corp is a prominent player in the real estate sector, primarily engaged in urban development, property management, and real estate agency services, with a strong presence in the Greater Shibuya Area of Japan.

Tokyu Fudosan Holdings Extends Stock Compensation Plan with Additional Share Acquisition

Tokyu Fudosan Holdings Corporation has announced the continuation of its stock compensation plan for directors and executive officers, with an additional trust contribution to acquire more company shares. This move, approved by the board of directors, aims to align the interests of the company’s leadership with its long-term performance, potentially impacting shareholder value and corporate governance positively.

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.