Tosei Corporation (JP:8923)

:8923

8923

Tosei

RESEARCH TOOLSreports

Tosei (8923) Price & Analysis

Compare

0 Followers

8923 Stock Chart & Stats

¥1787.00

-¥52.00(-2.11%)

At close: Jan 08 4:00 PM EST

¥1787.00

-¥52.00(-2.11%)

Day’s Range― - ―

52-Week Range¥1,005.00 - ¥1,943.00

Previous CloseN/A

Volume104.20K

Average Volume (3M)136.85K

Market Cap

¥151.58B

Enterprise Value¥295.81B

Total Cash (Recent Filing)¥39.60B

Total Debt (Recent Filing)¥184.04B

Price to Earnings (P/E)10.7

Beta0.87

Next Earnings

Apr 06, 2026

EPS Estimate

87.66

Next Dividend Ex-DateN/A

Dividend Yield2.95%

Share Statistics

EPS (TTM)7.30

Shares Outstanding97,367,600

10 Day Avg. Volume213,080

30 Day Avg. Volume136,853

Financial Highlights & Ratios

PEG Ratio0.47

Price to Book (P/B)1.54

Price to Sales (P/S)1.67

P/FCF Ratio-34.99

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

¥2,270.00

Price Target Upside27.03% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

EPS Forecast (FY)163.2

Revenue Forecast (FY)¥117.05B

Bulls Say, Bears Say

Bulls Say

Improving ProfitabilitySustained margin expansion to ~15.6% indicates the business is extracting more profit from revenues, improving earnings quality and operational efficiency. Over months this strengthens ability to fund investments, support returns and withstand cyclical rent/asset volatility.

Diversified, Fee-generating Business MixA multi-segment model (rental, fund management, property management, trading, revitalization) provides complementary revenue streams. Recurring fees from funds and property management plus rental cash flows reduce reliance on one channel and improve resilience across property cycles.

Improved Capital Efficiency And Shareholder ReturnsROE roughly doubling signals better use of equity capital and stronger returns to shareholders. Growing equity alongside improved ROE supports sustainable dividend policy or reinvestment, and reflects operational improvements that can compound over the medium term.

Bears Say

Negative Operating And Free Cash FlowRepeated negative OCF and FCF despite accounting profits weakens financial flexibility. Over 2–6 months this raises refinancing and liquidity risk, may force timing-dependent asset sales or constrain capex and fund formation, and undermines the durability of reported earnings.

Elevated LeverageHigh and rising leverage increases sensitivity to interest rates and property-cycle swings. Elevated debt levels limit strategic flexibility, heighten refinancing risk if cash generation is weak, and can amplify earnings volatility during downturns or tighter financing conditions.

Top-line SlowdownA declining revenue trend signals weaker deal flow or softer leasing/trading activity. If top-line weakness persists it will pressure margins, reduce fee and rental income scalability, and make it harder to convert improved accounting profits into sustainable cash flows.

Tosei News

Tosei Completes Restricted Stock Treasury Share Disposal for Director Remuneration

Tosei ( ($JP:8923) ) has shared an update. Tosei Corporation has completed the payment process for the disposal...

5d ago

Tosei Reaffirms Governance Focus and Gradual Diversity Push

An announcement from Tosei ( ($JP:8923) ) is now available. Tosei Corporation has reaffirmed its fundamental commitment to...

28d ago

Tosei Details Strategic Ties With Nagoya Railroad and Confirms Limited Dealings

Tosei ( ($JP:8923) ) has issued an update. Tosei Corporation has clarified its relationship with other affiliated company...

1M ago

Tosei to Grant Treasury Shares as Performance-Linked Restricted Stock to Directors

An update from Tosei ( ($JP:8923) ) is now available. Tosei Corporation has approved the disposal of 36,450...

1M ago

Tosei Files Annual Securities Report and Issues English Translation for Global Investors

Tosei ( ($JP:8923) ) has shared an update. Tosei Corporation has submitted its Annual Securities Report for the...

1M ago

Tosei Outlines Corporate Governance Framework and Diversity Approach

The latest announcement is out from Tosei ( ($JP:8923) ). Tosei Corporation has detailed its current corporate governance...

2M ago

Tosei to Seek Reappointment of Entire Board at February Shareholders’ Meeting

Tosei ( ($JP:8923) ) has provided an update. Tosei Corporation has resolved at its board meeting to propose...

2M ago

Tosei Posts Strong FY2025 Earnings, Hikes Dividend and Projects Further Growth for 2026

Tosei ( ($JP:8923) ) just unveiled an announcement. Tosei Corporation reported solid growth for the fiscal year ended...

2M ago

TOETF Earnings this Week: How Will it Perform?

Tosei Corporation (TOETF) is scheduled to report 4th quarter earnings on 01/14/2026. Regarding Q4 estimates, Wall Street analysts...

3M ago

Tosei’s Asset Arm Launches Tender Offer to Privatize Undervalued J-REIT SANKEI REAL ESTATE

Tosei ( ($JP:8923) ) has issued an announcement. Tosei’s asset management arm Tosei Asset Advisors will launch a...

3M ago

8923 FAQ

What was Tosei Corporation’s price range in the past 12 months?

Tosei Corporation lowest stock price was ¥1005.00 and its highest was ¥1943.00 in the past 12 months.

What is Tosei Corporation’s market cap?

Tosei Corporation’s market cap is ¥151.58B.

When is Tosei Corporation’s upcoming earnings report date?

Tosei Corporation’s upcoming earnings report date is Apr 06, 2026 which is in 7 days.

How were Tosei Corporation’s earnings last quarter?

Tosei Corporation released its earnings results on Jan 14, 2026. The company reported ¥7.305 earnings per share for the quarter, beating the consensus estimate of ¥3.7 by ¥3.605.

Is Tosei Corporation overvalued?

According to Wall Street analysts Tosei Corporation’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Tosei Corporation pay dividends?

Tosei Corporation pays a Annually dividend of ¥50 which represents an annual dividend yield of 2.95%. See more information on Tosei Corporation dividends here

What is Tosei Corporation’s EPS estimate?

Tosei Corporation’s EPS estimate is 87.66.

How many shares outstanding does Tosei Corporation have?

Tosei Corporation has 97,367,600 shares outstanding.

What happened to Tosei Corporation’s price movement after its last earnings report?

Tosei Corporation reported an EPS of ¥7.305 in its last earnings report, beating expectations of ¥3.7. Following the earnings report the stock price went down -0.551%.

Which hedge fund is a major shareholder of Tosei Corporation?

Currently, no hedge funds are holding shares in JP:8923

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Tosei Corporation

Tosei Corporation operates in the revitalization, development, rental, fund and consulting, and property management businesses in Japan. The company acquires properties whose asset value has declined and improves value-up activities; develops office buildings, commercial facilities, condominiums, detached houses, and hotels; and leases buildings, apartments, commercial facilities, car parks, and other properties. It is also involved in the provision of asset management services for real estate funds, as well as consultancy and intermediary services for corporates; acquisition and disposition of properties; and investment management, investment advisory and agency, and financial instrument businesses. In addition, the company offers property management services, including building management, security, renovation, and tenant leasing services. Further, it is involved in the consultancy services; real estate brokerage activities; hotel planning, operation, and management businesses. The company was formerly known as Tosei Fudosan Co., Ltd. and changed its name to Tosei Corporation in October 2006. Tosei Corporation was incorporated in 1950 and is headquartered in Tokyo, Japan.

Tosei (8923) Earnings & Revenues

Historic Earnings Reports

8923 Stock 12 Month Forecast

Average Price Target

¥2,270.00

▲(27.03% Upside)

{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"1155":"¥1,155","1434":"¥1,434","1713":"¥1,713","1992":"¥1,992","2271":"¥2,271"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":2270,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">¥2.27K</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":2270,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">¥2.27K</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":2270,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">¥2.27K</span>\n  </div></div>","useHTML":true}}],"tickPositions":[1155,1434,1713,1992,2271],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"Mar<br/>2025","6":"Jul<br/>2025","9":"Oct<br/>2025","12":"Mar<br/>2026","25":"Mar<br/>2027"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,1625,1674.6153846153845,1724.2307692307693,1773.8461538461538,1823.4615384615386,1873.076923076923,1922.6923076923076,1972.3076923076924,2021.923076923077,2071.5384615384614,2121.153846153846,2170.7692307692305,2220.3846153846152,{"y":2270,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,1625,1674.6153846153845,1724.2307692307693,1773.8461538461538,1823.4615384615386,1873.076923076923,1922.6923076923076,1972.3076923076924,2021.923076923077,2071.5384615384614,2121.153846153846,2170.7692307692305,2220.3846153846152,{"y":2270,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,1625,1674.6153846153845,1724.2307692307693,1773.8461538461538,1823.4615384615386,1873.076923076923,1922.6923076923076,1972.3076923076924,2021.923076923077,2071.5384615384614,2121.153846153846,2170.7692307692305,2220.3846153846152,{"y":2270,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":1180.236,"date":1733011200000,"info":"<div class=\"mt2 colorgray-1\">\n          No historical consensus available\n      </div>","marker":{"enabled":true,"symbol":"circle"}},{"y":1222.977,"date":1735689600000,"info":"<div class=\"mt2 colorgray-1\">\n          No historical consensus available\n      </div>","marker":{"enabled":true,"symbol":"circle"}},{"y":1163.722,"date":1738368000000,"info":"<div class=\"mt2 colorgray-1\">\n          No historical consensus available\n      </div>","marker":{"enabled":true,"symbol":"circle"}},{"y":1178.293,"date":1740787200000,"info":"<div class=\"mt2 colorgray-1\">\n          No historical consensus available\n      </div>","marker":{"enabled":true,"symbol":"circle"}},{"y":1156.922,"date":1743465600000,"info":"<div class=\"mt2 colorgray-1\">\n          No historical consensus available\n      </div>","marker":{"enabled":true,"symbol":"circle"}},{"y":1156.922,"date":1743465600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":1231.233,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":1443.967,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 3,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 3, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":1542.078,"date":1756684800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 3,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":1622.217,"date":1759276800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 4,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":1593.075,"date":1761955200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 2,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":1716,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 9,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 9, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":1625,"date":1772323200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 17,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 15, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}

Detailed Analyst Forecast >