Tokyo Tatemono KK

8804

Equity

ISIN JP3582600007 / Valor 763738

Tokyo Stock Exchange (2024-12-26)

JPY 2,557.00+0.02%

Tokyo Tatemono KK
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About company

Tokyo Tatemono KK, established over 125 years ago, is a prominent player in Japan's real estate industry, specializing in urban development and a diverse range of property-related services. The company engages in the development, leasing, and management of office buildings, commercial facilities, and residential properties. Additionally, Tokyo Tatemono is involved in the hospitality sector, offering hotel and resort services, and in the real estate investment business. The company's long-term vision and medium-term business plan focus on balancing corporate growth with addressing social issues, leveraging its extensive experience and expertise to deliver comprehensive solutions and value to its customers.

Summarized from source with an LLMView SourceSector: Finance

Increased Revenue and Profit

Tokyo Tatemono KK reported increased revenue and profit for the first two quarters of FY2022. This growth was driven by higher sales and gross profit from for-sale condominiums and property sales to investors, as well as solid performance in leasing buildings and recording a share of profit from entities accounted for using the equity method in overseas businesses.

Revised Full-Year Earnings Forecast

Due to strong sales performance of for-sale condominiums and steady property sales to investors, Tokyo Tatemono KK revised its full-year earnings forecast for FY2022. Despite a decrease in operating revenue compared to the initial forecast, each profit item is expected to increase.

Dividend Forecast Revision

Tokyo Tatemono KK has revised its dividend forecast for the fiscal year ending December 31, 2022, upward by ¥3, from ¥59 to ¥62 per share. This represents an ¥11 increase from the previous fiscal year's dividend, with a scheduled payout ratio of 31.2%.

Balance Sheet Highlights

For the first two quarters of FY2022, Tokyo Tatemono KK's total assets increased by ¥16 billion, primarily due to the acquisition of land for development of properties for sale to investors. The balance of real estate for sale rose to ¥364.6 billion, reflecting further acquisitions despite ongoing sales of for-sale condominiums and property sales to investors.

Property Sales to Investors

Tokyo Tatemono KK's property sales to investors increased by approximately ¥10 billion, reaching a total investment basis of approximately ¥395 billion. The company secured around 8,700 units of for-sale condominiums, indicating a steady increase in its land bank.

Summarized from source with an LLMView Source

Key figures

23.3%1Y

52.7%3Y

49.3%5Y

Performance

37.7%1Y

29.2%3Y

34.5%5Y

Volatility