Tokyo Tatemono Co Ltd (JP:8804)
:8804
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Tokyo Tatemono Co
(8804)
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Rating:65Neutral
Price Target:
¥3,366.00
▼(-7.40% Downside)
Action:Downgraded
Date: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
Profitability / Margins
Consistent high operating and EBITDA margins (low-20s to high-20s) and net margins in the low-to-mid teens provide durable profitability. This margin profile supports capacity to fund development and property upkeep, absorb cyclical rent swings, and sustain long-term cash generation resilience.
Negative Factors
High Leverage
Leverage near 2.2–2.5x and rising absolute debt materially reduce financial flexibility. High indebtedness raises exposure to interest-rate moves and refinancing risk, meaning slower rent growth or higher costs could quickly pressure cash coverage and limit strategic options over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability / Margins
Consistent high operating and EBITDA margins (low-20s to high-20s) and net margins in the low-to-mid teens provide durable profitability. This margin profile supports capacity to fund development and property upkeep, absorb cyclical rent swings, and sustain long-term cash generation resilience.
Read all positive factors
Tokyo Tatemono Co (8804) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥667.35B
Dividend Yield2.94%
Average Volume (3M)745.24K
Price to Earnings (P/E)32.6
Beta (1Y)0.88
Revenue Growth-5.83%
EPS Growth-26.32%
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)309.36
Revenue Forecast (FY)¥524.09B
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
3599.82
Negative
3723.37
Negative
3335.02
Negative
Market Momentum
-140.17
Positive
37.34
Neutral
22.52
Neutral
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 above the 20-day moving average (MA) of 3393.40, above the 50-day MA of 3599.82, and above the 200-day MA of 3335.02, indicating a bearish trend. The MACD of -140.17 indicates Positive momentum. The RSI at 37.34 is Neutral, neither overbought nor oversold. The STOCH value of 22.52 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥667.35B | 32.57 | 10.59% | 2.94% | -5.83% | -26.32% | |
65 Neutral | ¥1.28T | 19.14 | 13.29% | 3.25% | 24.50% | 11.52% | |
62 Neutral | ¥205.31B | 7.44 | 16.39% | 2.38% | 11.56% | 14.99% | |
61 Neutral | ¥114.58B | 8.03 | 15.81% | 2.93% | 12.51% | 12.42% | |
56 Neutral | ¥841.17B | 10.45 | 7.40% | 3.68% | 24.40% | 11.46% | |
56 Neutral | ¥3.69T | 19.23 | 9.64% | 0.97% | 4.29% | 12.76% |
* Real Estate Sector Average
JP:8804
Tokyo Tatemono Co
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Tokyo Tatemono Co Corporate Events
Tokyo Tatemono Q1 Profit Slumps, But Full-Year Outlook and Dividend Plan Held
May 27, 2026
Tokyo Tatemono reported a sharp downturn in earnings for the three months ended March 31, 2026, with operating revenues falling 22.1% year on year to ¥98.6 billion and profit attributable to owners of parent dropping 60.2% to ¥5.7 billio...
Tokyo Tatemono Injects ¥2.1 Billion Into Board Stock Compensation Trust
May 13, 2026
Tokyo Tatemono Co. has approved additional funding for its existing Board Benefit Trust stock compensation plan, which grants company shares to directors. The move underscores the company’s commitment to equity-based incentives as part of it...
Tokyo Tatemono Posts Soft Q1 FY2026 Results but Keeps Full-Year Outlook Intact
May 13, 2026
Tokyo Tatemono reported consolidated results for the first quarter of the fiscal year ending December 2026, showing operating revenue of ¥98.6 billion and operating profit of ¥12.6 billion. Operating gross profit came in at ¥24.0 bi...
Tokyo Tatemono Q1 Profit Slumps but Full-Year Outlook and Higher Dividend Intact
May 13, 2026
Tokyo Tatemono reported a sharp decline in earnings for the three months ended March 31, 2026, with operating revenues down 22.1% year on year to ¥98.6 billion and profit attributable to owners of parent falling 60.2% to ¥5.7 billion. De...
Tokyo Tatemono to Add ¥2.1 Billion to Board Stock Compensation Trust
May 13, 2026
Tokyo Tatemono will inject up to ¥2.1 billion into its existing Board Benefit Trust stock compensation plan to fund the purchase of additional common shares for directors’ future benefits. The move underscores the company’s contin...
Tokyo Tatemono Posts Softer Q1 but Keeps Aggressive 2026 Profit Outlook
May 13, 2026
Tokyo Tatemono reported its fact sheet for the first quarter of the fiscal year ending December 31, 2026, showing operating revenue of ¥98.6 billion and operating profit of ¥12.6 billion, both down from the previous year’s first qu...
Tokyo Tatemono Q1 Profit Slides, Full-Year Outlook Kept Intact
May 13, 2026
Tokyo Tatemono reported a sharp year-on-year decline in first-quarter earnings for the period ended March 31, 2026, with operating revenues down 22.1% to ¥98.6 billion and profit attributable to owners of the parent dropping 60.2% to ¥5....
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’...
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.