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Tosei Corporation (8923.T)

JPY1,739.00 -5.00 (-0.29%)
JP JPX Real Estate Real Estate - Diversified
Address Tamachi Tosei Building 105-0001
Tokyo, JP
CEO Seiichiro Yamaguchi
IPO 2006-11-22
ISIN JP3595070008

Explore sections of this company profile

Description

Tosei Corporation, a Tokyo-headquartered real estate firm founded in Japan in 1950 (and known as Tosei Fudosan Co., Ltd. until its rebranding in October 2006), operates across diverse sectors. The company excels in revitalizing real estate by acquiring properties with diminished asset value and implementing improvements to boost their worth. Its development division constructs various property types, including office buildings, commercial facilities, residential complexes like condominiums and detached homes, and hotels. Tosei also maintains a substantial rental portfolio, leasing buildings, apartments, commercial spaces, and parking areas. Furthermore, its fund and consulting segment offers comprehensive asset management for real estate funds, corporate advisory services, property acquisition and disposition, alongside investment management and financial instrument activities. The property management arm provides services such as building oversight, security, renovations, and tenant leasing. Beyond these, Tosei engages in general real estate consultancy, brokerage, and the planning, operation, and management of hotels.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY1,739.00 -5.00 (-0.29%)
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Volume Profile
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Liquidity & share structure
Average Volume
279.2K
Beta
0.07
Float Shares
54.78M
Free Float %
56.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.77% +0.56% -1.47% -2.55% -2.90% -5.69% +26.91% +93.62% +209.23% +310.20% +151.25%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,739.00
DCF (Unlevered) 21,215.36 +1,120.0%
Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.72
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Diversified: +6.8%
    +15.2% Q2'26: +27.3% (vs Q2'25)
  • EPS growth Real Estate - Diversified: +19.8%
    +22.9% Q2'26: -12.5% (vs Q2'25)
  • FCF margin Real Estate - Diversified: +10.4%
    -4.0% Q2'26: +18.0% (vs Q2'25)
  • EBIT margin Real Estate - Diversified: +36.9%
    +24.3% Q2'26: +23.7% (vs Q2'25)
  • ROIC Real Estate - Diversified: +3.3%
    +6.6% Q2'26: +6.9% (vs Q2'25)
  • Share dilution Real Estate - Diversified: +0.0%
    +0.2% Q2'26: +2.3% (vs Q2'25)
  • Debt / EBITDA Real Estate - Diversified: 3.17×
    7.45× Q2'26: 6.93× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.07) × ERP
WACC = 46% × Ke + 54% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 21,215.36 Current price: 1,739.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Nov 2015
actual
Nov 2016
actual
Nov 2017
actual
Nov 2018
actual
Nov 2019
actual
Nov 2020
actual
Nov 2021
actual
Nov 2022
actual
Nov 2023
actual
Nov 2024
actual
Nov 2025
actual
Nov 2026
4 Rev. Ana.
4 EPS Ana.
Nov 2027
4 Rev. Ana.
4 EPS Ana.
Nov 2028
3 Rev. Ana.
3 EPS Ana.
Revenue
43.16B
est: 47.60B (-9.3%)
49.82B
est: 53.50B (-6.9%)
57.75B
est: 67.55B (-14.5%)
61.54B
est: 69.30B (-11.2%)
60.73B
est: 69.70B (-12.9%)
63.94B
est: 65.35B (-2.2%)
61.73B
est: 62.75B (-1.6%)
70.95B
est: 73.90B (-4.0%)
79.45B
est: 83.26B (-4.6%)
82.19B
est: 82.20B (0.0%)
94.69B
est: 97.33B (-2.7%)
118.75B
115.24B – 123.03B
+22.0% YoY
128.58B
118.70B – 134.88B
+8.3% YoY
137.08B
136.74B – 137.41B
+6.6% YoY
EBITDA
7.14B
est: 9.63B (-25.9%)
9.68B
est: 10.82B (-10.6%)
10.30B
est: 13.66B (-24.6%)
11.58B
est: 14.01B (-17.4%)
13.72B
est: 14.10B (-2.7%)
7.91B
est: 13.22B (-40.1%)
12.71B
est: 12.69B (+0.1%)
15.48B
est: 14.95B (+3.6%)
18.25B
est: 26.78B (-31.9%)
20.71B
est: 26.89B (-23.0%)
24.71B
est: 31.84B (-22.4%)
38.85B
37.70B – 40.25B
+22.0% YoY
42.07B
38.84B – 44.13B
+8.3% YoY
44.85B
44.74B – 44.96B
+6.6% YoY
EBIT
6.91B
est: -14.89B (+146.4%)
9.34B
est: -16.74B (+155.8%)
9.91B
est: -21.13B (+146.9%)
10.96B
est: -21.68B (+150.6%)
12.85B
est: -21.81B (+158.9%)
6.70B
est: -20.45B (+132.7%)
11.22B
est: -19.63B (+157.1%)
13.89B
est: -23.12B (+160.1%)
16.66B
est: -9.12B (+282.7%)
19.11B
est: 26.00B (-26.5%)
23.03B
est: 30.78B (-25.2%)
37.56B
36.45B – 38.92B
+22.0% YoY
40.67B
37.55B – 42.66B
+8.3% YoY
43.36B
43.25B – 43.46B
+6.6% YoY
Net Income
4.14B
est: 7.72B (-46.4%)
5.55B
est: 6.03B (-7.9%)
6.16B
est: 6.29B (-2.1%)
6.85B
est: 6.79B (+0.9%)
8.45B
est: 8.15B (+3.6%)
3.60B
est: 3.45B (+4.5%)
6.72B
est: 7.39B (-9.0%)
8.61B
est: 8.32B (+3.5%)
10.51B
est: 24.96B (-57.9%)
11.99B
est: 11.84B (+1.3%)
14.75B
est: 14.24B (+3.6%)
15.95B
15.33B – 16.53B
+12.0% YoY
16.88B
16.59B – 17.70B
+5.8% YoY
18.30B
17.73B – 19.54B
+8.4% YoY
SGA
est: 7.65B (-100.0%)
est: 8.60B (-100.0%)
est: 10.86B (-100.0%)
est: 11.14B (-100.0%)
est: 11.21B (-100.0%)
est: 10.51B (-100.0%)
est: 10.09B (-100.0%)
est: 11.88B (-100.0%)
est: 11.39B (-100.0%)
— – —
— – —
— – —
EPS
42.83
est: 79.60 (-46.2%)
57.45
est: 62.15 (-7.6%)
63.74
est: 64.88 (-1.7%)
70.68
est: 70.05 (+0.9%)
88.20
est: 84.10 (+4.9%)
38.03
est: 35.55 (+7.0%)
71.28
est: 76.18 (-6.4%)
90.83
est: 85.80 (+5.9%)
109.87
est: 260.35 (-57.8%)
123.72
est: 122.75 (+0.8%)
152.18
est: 147.71 (+3.0%)
166.03
157.81 – 170.21
+12.4% YoY
176.00
170.77 – 182.19
+6.0% YoY
191.25
182.49 – 201.19
+8.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-28 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-27 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-26 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-25 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-22 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-21 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-20 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-19 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-18 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-15 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-05-14 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-05-13 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-12 B+ 3/5 1/5 5/5 5/5 2/5 3/5 2/5
2026-05-11 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-05-08 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-05-07 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-05-01 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 B+ 3/5 1/5 5/5 5/5 1/5 4/5 2/5
2026-04-24 B 3/5 1/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 B+ 3/5 1/5 5/5 5/5 1/5 4/5 3/5
2026-04-22 B+ 3/5 1/5 5/5 5/5 1/5 4/5 3/5
2026-04-21 B+ 3/5 1/5 5/5 5/5 1/5 4/5 3/5
2026-04-20 B+ 3/5 1/5 5/5 5/5 1/5 4/5 3/5
2026-04-17 B+ 3/5 1/5 5/5 5/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 1/5 5/5 5/5 1/5 3/5 3/5
2026-04-15 B+ 3/5 1/5 5/5 5/5 1/5 3/5 3/5
2026-04-14 B+ 3/5 1/5 5/5 5/5 1/5 3/5 3/5
2026-04-13 B+ 3/5 1/5 5/5 5/5 1/5 3/5 3/5
2026-04-10 B+ 3/5 1/5 5/5 5/5 1/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
4.58B
OE per share TTM
46.29
Owner's Yield
2.94%
Maintenance CapEx ratio
47.63%
Maint CapEx / Avg PPE
34.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
28.47M
Shares Outstanding
96.97M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Seiichiro Yamaguchi President, Chief Executive Officer & Chairman 92M male
Hiroyasu Yoneda Director, Managing Executive Officer & Deputy Chief of Administrative Division male
Hitoshi Oshima Managing Executive Officer male
Junji Murata Chief Compliance Officer
Masaaki Watanabe Managing Executive Officer & Deputy Chief of Business Division male
Noboru Hirano CFO, Sr. Executive Officer of Administrative Division & Director male
Nobuto Fujiwara Managing Executive Officer
Ryoji Nishimoto Senior Executive Officer & Deputy Chief of Business Division male
Hideki Nakanishi Chief Operating Officer, Senior Executive Officer of Business Division & Director male
Shunsuke Yamaguchi Director, Managing Executive Officer & Deputy Chief of Administrative Division male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits