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  2. •

    Finance

  3. •

    Real estate development
Tosei Corporation

Tosei Corporation

1,779.00
JPY
+26.00
(+1.48%)
155.99BMarket Cap
Jan 13Next Earn
Tosei Corporation
TSE:8923
(Tokyo Stock Exchange)

Recent

price

1,779.00

P/E

ratio

- -

div

yld

2.81%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
305.72
270.98
264.82
376.27
517.58
445.35
515.89
598.07
634.83
634.11
674.9
654.61
748.75
830.76
848.41
976.62
- -
Revenue per Share
4.87
8.23
16.04
21.53
29.76
42.83
57.45
63.74
70.68
88.2
38.02
71.28
90.83
109.87
123.71
152.18
- -
Basic EPS, GAAP
-19.1
64.79
-3.88
29.58
2.75
-47.14
-78.23
72.95
77.46
-40.64
128.68
-0.42
-3.86
55.15
-137.02
-19.91
- -
Free Cash Flow per Basic Share
2.3
2.49
2.49
2.94
3.98
5.99
7.99
10.99
12.45
15.2
21.08
9.51
19.15
25.19
32.95
39.47
49.97
Dividend per Share
267.66
273.36
290.52
311.62
338.91
375.16
424.68
477.99
535.81
612.64
625
690.18
764.82
847.99
933.74
1,060.18
1,146.24
Book Value per Share
266.95
272.62
290.04
311.29
338.11
374.16
423.68
477.13
534.91
611.71
622.78
672.16
747.82
832.07
918.07
1,044.8
1,130.92
Tangible Book Value per Share
87
91
91
93
97
97
97
97
97
96
95
94
95
96
97
97
97
Basic Weighted Avg Shares
26,450
24,759
24,196
35,070
49,982
43,007
49,818
57,754
61,543
60,728
63,940
61,726
70,953
79,446
82,192
94,689
- -
Sales/Revenue/Turnover
6.53
9.65
11.81
11.16
11.13
16.03
18.63
17.03
17.67
20.9
10.05
17.76
19.05
20.46
22.49
23.59
- -
Operating Margin (%)
364
336
180
173
189
222
333
393
621
874
1,216
1,492
1,589
1,594
1,596
1,676
- -
Depreciation Expense
422
752
1,465
2,006
2,874
4,136
5,547
6,155
6,852
8,447
3,602
6,721
8,607
10,507
11,985
14,755
- -
Net Income, GAAP
43.38
51.09
33.96
37.73
38.37
31.53
34.35
31.98
32.63
30.13
38.96
34.74
32.51
31.37
30.89
28.28
- -
Effective Tax Rate (%)
1.59
3.04
6.06
5.72
5.75
9.62
11.14
10.66
11.13
13.91
5.63
10.89
12.13
13.23
14.58
15.58
- -
Profit Margin (%)
33,585
35,117
37,461
42,694
50,250
54,070
77,941
73,699
77,676
84,279
86,877
103,017
114,695
138,478
155,682
177,368
187,237
Working Capital
23,439
23,904
24,659
27,449
35,025
39,176
60,772
60,674
67,717
73,552
79,193
103,522
111,108
132,804
145,114
155,014
155,819
LT Debt
24,456
24,976
26,544
30,092
32,728
36,228
41,010
46,159
52,022
58,306
58,970
65,959
72,291
82,319
90,867
102,836
111,192
Total Equity
1.68
2.05
3.31
3.9
4.88
5.88
6.12
5.89
6.02
6.35
2.61
4.28
4.77
5.17
5.19
5.83
- -
Return on Invested Capital (%)
1.64
2.08
3.32
3.93
4.96
5.99
6.26
6.01
6.15
6.52
2.74
4.42
4.96
5.37
5.43
6.06
- -
Return on Capital (%)
1.81
3.04
5.69
7.09
9.15
12
14.36
14.12
13.96
15.31
6.14
10.76
12.45
13.62
13.89
15.27
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Nov'25
Feb'26
May'26
ST Debt
27,626
20,026
- -
LT Borrowings
155,014
151,770
155,819
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
97
97
97
Market Capitalization
160,582
160,000
155,986

Working Capital

JPY

•

in mil. unless spec.
Nov'25
Feb'26
May'26
Total Current Assets
220,252
213,018
222,999
Cash, Cash Equivalents & STI
39,604
46,224
48,073
Accounts Receivable, Net
10,198
7,242
13,925
Inventories
170,358
159,524
159,971
Total Current Liabilities
42,884
33,496
35,762
Payables & Accruals
- -
- -
- -
ST Debt
27,626
20,026
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.05%
11.77%
13.17%
Free Cash Flow
-193.89%
-250.62%
-85.46%
Net Income, GAAP
19.62%
34.78%
23.11%
Sales/Revenue/Turnover
8.44%
8.42%
15.2%
Total Cash Common Dividend
27.5%
26.5%
19.88%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34,869
22,750
11,801
12,772
82,192
2025
46,067
19,992
- -
10,727
94,689
2026
60,498
25,459
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
66.49
37.39
12.13
7.75
123.71
2025
84.36
41.77
- -
7.31
152.18
2026
104.99
37.37
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32.46
0.5
0.02
- -
32.95
2025
38.99
0.49
- -
- -
39.47
2026
49.02
0.96
- -
- -
- -
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Business
Tosei Corporation engages in real estate revitalization, development, rental, fund and consulting, property management, and hotel businesses primarily in Japan, with a focus on the Greater Tokyo area. The company acquires properties whose asset values have declined, enhances their value through improvements, and resells them to domestic and overseas investors, general corporations, and individuals; develops and sells condominiums, detached houses under brands such as THE PALMS series and THE PALMS COURT series, offices, commercial facilities, hotels, logistics facilities, and apartments; leases offices, apartments, and commercial facilities; provides asset management for real estate funds, crowdfunding, security token offerings, and digital matching services; offers comprehensive property management including building management, security, renovation contracting, tenant management, and leasing; and operates hotels under the TOSEI HOTEL COCONE brand. Founded in 1950 and headquartered at Tamachi Tosei Bldg., 4-5-4 Shibaura, Minato-ku, Tokyo, Tosei lists on the Tokyo Stock Exchange Prime Market (8923). In recent developments, the company concluded a capital and business alliance with Nagoya Railroad Co., Ltd. in 2024 and has aggressively pursued real estate acquisitions through business succession support and M&A, completing six properties worth approximately 4 billion yen in Tokyo and Kanagawa in early 2025 as part of a 100 billion yen annual target, bringing its total track record to 94 properties across 19 deals since 2001.