Tosei Corporation

8923.T
Real Estate - Diversified
2026/08/21 Updated
Market Cap: $1.1B (¥175.2B)
Stock Price: $11.36 (¥1,806)
Exchange Rate: 1 USD = ¥158.98

Stock Price Chart

2026/08/21 Updated
10.59
PER (Price Earnings Ratio)
vs Industry Avg: +1.0
1.58
PBR (Price to Book Ratio)
vs Industry Avg: +0.3
3.05%
Dividend Yield
vs Industry Avg: +0.10%

Price Trend

2026/08/21 Updated
Short-term
5-Day MA
+1.12%
Near-term
25-Day MA
+1.23%
Mid-term
75-Day MA
+7.29%
Long-term
200-Day MA
+8.93%

Price & Trading Details

2026/08/21 Updated

PRICE

Previous Close ¥1,767
Open ¥1,794
High ¥1,809
Low ¥1,788
Close ¥1,806

TRADING

Volume 160,800
Average Volume 275,106
Turnover ¥3億
Min. Purchase ¥180,600

Analyst Recommendations 2 analysts

Updated 2026/08/01
Strong Buy
1
1
Buy
0
Hold
1
1
Sell
0
Strong Sell
0
Target Price (Mean)
¥2,038
None
¥2,350
High
¥2,038
Median
¥1,725
Low
+18% vs Current Price
This information is based on market data from third-party data providers and is for reference only. Investment decisions are your own responsibility.

Earnings Calendar

Updated 2026/08/01

Recent Earnings

Date EPS Est. EPS Actual Surprise
2026/07/06 ¥34.74 ¥37.36 +7.5%
2026/04/06 ¥87.66 ¥104.99 +19.8%
2026/01/14 ¥3.70 ¥7.01 +89.3%
2025/10/06 ¥9.56 ¥18.76 +96.3%

Shareholder Composition

Updated 2026/08/01
41.9%
Insider Holdings
30.3%
Institutional
27.8%
Public Float
90
Institutional Holders
Insider Holdings 41.9%
Institutional 30.3%
Public Float 27.8%

Major Holders

Updated 2026/08/01
Institution Ownership Shares Change
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
0.81%
785.0K +2.65%
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
0.55%
533.2K 0.00%
Fidelity Select Portfolios-Fidelity International Real Estate Fund
0.55%
531.7K -9.62%
Third Avenue Trust-Third Avenue International Real Estate Value Fund
0.53%
513.4K +28.29%
Manning & Napier Fund, Inc.-Rainier International Discovery Series
0.51%
495.2K 0.00%
GMO TRUST-GMO-Usonian Japan Value Creation Fund
0.47%
454.0K +35.36%

Dividend History 4Years Growth

Updated 2026/08/23
-%
Dividend Yield
¥50
Annual Dividend
+26.6%
YoY Growth
32.9%
Payout Ratio
Year Dividend Change
2025 ¥50 +26.6%
2024 ¥40 +19.7%
2023 ¥33 +29.4%
2022 ¥26 +34.2%
2021 ¥19 -

Financial Performance

2026/08/23 Updated

Revenue & Profit

Margins

Cash Flow

Financial Health

2021 2022 2023 2024
Income Statement
Revenue ¥61,726M ¥70,953M ¥79,446M ¥82,192M
Gross Profit ¥20,702M ¥25,267M ¥30,285M ¥35,196M
Operating Income ¥10,966M ¥13,514M ¥16,255M ¥18,489M
Pretax Income ¥11,215M ¥13,892M ¥16,659M ¥19,110M
Net Income ¥6,721M ¥8,607M ¥10,507M ¥11,985M
EPS ¥71.19 ¥90.67 ¥109.66 ¥123.61
Operating Margin 17.76% 19.05% 20.46% 22.49%
Balance Sheet
Total Assets ¥195,011M ¥210,956M ¥245,330M ¥276,815M
Total Equity ¥65,959M ¥72,291M ¥82,047M ¥90,500M
Total Liabilities ¥129,052M ¥138,665M ¥163,283M ¥186,315M
Cash ¥33,561M ¥31,767M ¥39,198M ¥34,874M
Interest-bearing Debt ¥114,955M ¥124,848M ¥146,588M ¥165,901M
Equity Ratio 33.82% 34.27% 33.44% 32.69%
D/E Ratio 1.74 1.73 1.79 1.83
Cash Flow
Operating CF ¥975M -¥197M ¥5,722M -¥13,046M
Investing CF -¥15,449M -¥9,081M -¥16,102M -¥5,608M
Financing CF ¥10,994M ¥7,477M ¥17,806M ¥14,330M
Free CF -¥39M -¥365M ¥5,274M -¥13,274M
Efficiency
ROE 10.19% 11.91% 12.81% 13.24%
ROA 3.45% 4.08% 4.28% 4.33%

Latest IR Information

Company Information

English Name Tosei Corporation
Japanese Name トーセイ(株)
Stock Code 8923.T (JPX)
Sector / Industry Real Estate / Real Estate - Diversified
Employees 875

About

Tosei Corporation operates in the revitalization, development, rental, fund and consulting, property management, and hotel businesses in Japan. It acquires properties whose asset value has declined and improves value-up activities; develops and sells properties, including offices, commercial facilities, condominiums, detached houses, hotels, logistics facilities, and apartments; and leasing offices, apartments, and commercial facilities. The company also provides asset management services for real estate funds; property management services, including building management, security, renovation contracting, tenant management, and leasing. In addition, it operates hotel under the TOSEI HOTEL COCONE name. Further, the company provides real estate services comprising crowdfunding, security token, and digital matching. 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 based in Minato, Japan.

Data provided by Yahoo Finance