Tokyo Tatemono Co Ltd (JP:8804)
:8804
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Tokyo Tatemono Co
(8804)
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Rating:65Neutral
Price Target:
¥3,826.00
▲(5.25% Upside)
Action:DowngradedDate:03/04/26
The score is driven by strong technical momentum and solid profitability, but capped by weak cash-flow generation (frequently negative free cash flow) and high leverage, which increase financing and cyclical risk. Valuation is reasonable with a moderate dividend yield, providing partial support.
Positive Factors
Revenue growth and margins
Sustained double-digit revenue growth with healthy operating and net margins indicates durable demand and effective cost controls across development and leasing. This combination supports long-term cash generation potential from operations and strengthens project economics over a multi-quarter horizon.
Negative Factors
High leverage
Leverage at over 2x equity materially increases sensitivity to interest-rate moves and refinancing risk. High debt limits financial flexibility for new projects or stress periods, raising the probability of costly refinancing, margin pressure, or constrained capital allocation over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and margins
Sustained double-digit revenue growth with healthy operating and net margins indicates durable demand and effective cost controls across development and leasing. This combination supports long-term cash generation potential from operations and strengthens project economics over a multi-quarter horizon.
Read all positive factors
Tokyo Tatemono Co (8804) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥739.22B
Dividend Yield2.94%
Average Volume (3M)745.24K
Price to Earnings (P/E)6.3
Beta (1Y)0.91
Revenue Growth2.34%
EPS Growth-10.23%
CountryJP
Employees4,925
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)262.26
Shares Outstanding207,978,580
10 Day Avg. Volume964,040
30 Day Avg. Volume745,236
Financial Highlights & Ratios
PEG Ratio-1.22
Price to Book (P/B)1.25
Price to Sales (P/S)1.55
P/FCF Ratio-27.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,800.00Price Target Upside32.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)309.28
Revenue Forecast (FY)¥524.27B
Tokyo Tatemono Co Business Overview & Revenue Model
Company Description
Tokyo Tatemono Co., Ltd. operates as a real estate company in Japan. It operates through Building Business, Housing Business, Asset Service Business, Overseas Business, and Other Business segments. The company develops, leases, and operates office...
How the Company Makes Money
Tokyo Tatemono primarily earns revenue through a mix of (1) recurring income from leasing and property operations and (2) transactional income from real estate development and sales. Leasing/asset operations generate relatively steady revenue from...
Tokyo Tatemono Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 394.90B | 474.59B | 463.72B | 375.95B | 349.94B | 340.48B |
| Gross Profit | 83.93B | 118.02B | 104.01B | 88.43B | 82.38B | 73.68B |
| EBITDA | 115.78B | 128.22B | 129.54B | 97.44B | 88.82B | 83.22B |
| Net Income | 54.74B | 58.88B | 65.88B | 45.08B | 43.06B | 34.97B |
Balance Sheet | ||||||
| Total Assets | 2.21T | 2.27T | 2.08T | 1.91T | 1.72T | 1.65T |
| Cash, Cash Equivalents and Short-Term Investments | 147.76B | 152.29B | 111.14B | 127.31B | 82.44B | 87.01B |
| Total Debt | 1.35T | 1.34T | 1.21T | 1.09T | 987.57B | 954.40B |
| Total Liabilities | 1.65T | 1.67T | 1.53T | 1.40T | 1.26T | 1.22T |
| Stockholders Equity | 544.01B | 591.02B | 536.06B | 496.90B | 445.99B | 417.05B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -26.55B | -106.26B | -24.21B | -25.83B | 46.50B |
| Operating Cash Flow | 0.00 | 32.11B | 18.89B | 20.59B | -3.33B | 65.89B |
| Investing Cash Flow | 0.00 | -97.39B | -142.09B | -54.03B | -21.17B | -1.64B |
| Financing Cash Flow | 0.00 | 104.15B | 105.64B | 77.87B | 18.39B | -32.19B |
Tokyo Tatemono Co Technical Analysis
Negative
3635.00
Price Trends
3905.38
Negative
3708.87
Negative
3227.67
Positive
Market Momentum
-47.47
Negative
42.16
Neutral
13.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8804, the sentiment is Negative. The current price of 3635 is below the 20-day moving average (MA) of 3699.40, below the 50-day MA of 3905.38, and above the 200-day MA of 3227.67, indicating a neutral trend. The MACD of -47.47 indicates Negative momentum. The RSI at 42.16 is Neutral, neither overbought nor oversold. The STOCH value of 13.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8804.
Tokyo Tatemono Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥128.57B | 20.19 | 15.81% | 2.93% | 53.39% | 67.02% | |
73 Outperform | ¥4.42T | 16.16 | 9.64% | 0.97% | -1.33% | 25.13% | |
70 Outperform | ¥217.13B | 7.44 | 16.39% | 2.38% | 11.56% | 14.99% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥739.22B | 6.28 | 10.59% | 2.94% | 2.34% | -10.23% | |
65 Neutral | ¥1.37T | 19.14 | 13.29% | 3.25% | 24.50% | 11.52% | |
56 Neutral | ¥914.31B | 5.42 | 7.40% | 3.68% | 24.40% | 11.46% |
* Real Estate Sector Average
JP:8804
Tokyo Tatemono Co
3,559.00
1,061.45
42.50%
JP:3003
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1,799.00
349.05
24.07%
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Ichigo
496.00
126.16
34.11%
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Nomura Real Estate Holdings
998.80
175.77
21.36%
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Sun Frontier Fudousan Co
2,648.00
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40.93%
JP:8830
Sumitomo Realty & Development Co
4,735.00
2,031.69
75.16%
Tokyo Tatemono Co Corporate Events
Tokyo Tatemono to Invest ¥165 Billion in Kyobashi Mixed-Use Redevelopment
Mar 24, 2026
Tokyo Tatemono will acquire part of the land and building in the Kyobashi 3-Chome Higashi District Urban Redevelopment Project in central Tokyo for approximately ¥165 billion, following the Tokyo governor’s approval of the project’...
Tokyo Tatemono Lifts Dividend as 2025 Profit Dips but Outlook Strengthens
Feb 27, 2026
Tokyo Tatemono reported consolidated operating revenues of ¥474.6 billion for the year ended December 31, 2025, up 2.3% year on year, with operating profit rising 20.2% to ¥95.8 billion and ordinary profit up 9% to ¥78.2 billion. Pr...
Tokyo Tatemono to Double Stock-Based Pay Ceiling for Directors in Trust Plan Revision
Feb 12, 2026
Tokyo Tatemono has resolved to revise its stock compensation plan, the Board Benefit Trust, for internal directors and certain executive officers to strengthen the link between executive pay and the company’s share performance. The revised p...
Tokyo Tatemono Raises Year-End Dividend After Earnings Beat
Feb 12, 2026
Tokyo Tatemono has proposed increasing its year-end dividend for the fiscal year ended December 31, 2025, to ¥57 per share, up from the previously forecast ¥55, bringing the total annual dividend to ¥105 per share. The proposal, to ...
Tokyo Tatemono Projects Further Earnings Growth on Strong 2024 Results
Feb 12, 2026
Tokyo Tatemono Co. reported steady growth in operating revenue and profits, with operating revenue rising from ¥340.5 billion in fiscal 2021 to ¥375.9 billion in 2023 and a further increase to ¥474.6 billion in 2024, supported by hi...
Tokyo Tatemono Lifts Dividend as 2025 Profits Dip but 2026 Outlook Improves
Feb 12, 2026
Tokyo Tatemono reported a 2.3% rise in operating revenues to ¥474.6 billion for the fiscal year ended December 31, 2025, with operating profit up 20.2% and ordinary profit up 9.0%, but profit attributable to owners of parent fell 10.6% to ...
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.