For the first half of the fiscal year ending November 2026, consolidated results were strong, with revenue of 85,956 million yen (YoY +30.1%), operating income of 21,214 million yen (YoY +20.5%), and net income attributable to owners of parent of 13,809 million yen (YoY +12.9%). Real estate rehabilitation led the performance by segment. Full-year guidance remains unchanged. No interim dividend; full-year dividend is expected to be 55 yen (post-share split). Cash and cash equivalents increased by 48,072 million yen. AUM expanded to 2,735,523 million yen.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8923","jir_company_name":"Tosei Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-07-06","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/07\/8923-20260706-01.pdf","jir_short_summary":"For the first half of the fiscal year ending November 2026, consolidated results were strong, with revenue of 85,956 million yen (YoY +30.1%), operating income of 21,214 million yen (YoY +20.5%), and net income attributable to owners of parent of 13,809 million yen (YoY +12.9%). Real estate rehabilitation led the performance by segment. Full-year guidance remains unchanged. No interim dividend; full-year dividend is expected to be 55 yen (post-share split). Cash and cash equivalents increased by 48,072 million yen. AUM expanded to 2,735,523 million yen.","jir_summary":"### Overview of results\nIn the second quarter of the fiscal year ending November 2026, Tosei posted revenue of 85,956 million yen, operating income of 21,214 million yen, and net income attributable to owners of parent of 13,806 million yen, all exceeding the prior-year period. By segment, the real estate rehabilitation business was a key driver of performance, with total progress at 69.9% of full-year plans for revenue and 91.5% for pretax interim profit, indicating a high level of progress. Market conditions remain firm supported by active real estate investment markets, with rent increases and strong demand underpinning performance. The company continues new investment and development activity while maintaining healthy liquidity.\n\n### Outlook and dividends\nFull-year earnings guidance announced on January 14, 2026 remains unchanged at this time. Regarding dividends, for the year ended November 2025 the actual dividend includes year-end, totaling 100 yen, and for the year ending November 2026, an interim dividend of 55 yen and a year-end dividend are assumed, shown on a post-split basis. AUM has expanded to about 2.73 trillion yen, and the company intends to pursue a portfolio management approach balancing stable businesses and trading activities, while addressing geopolitical risks and fluctuations in money markets.","jir_financial_highlights":"Revenue: 85,956 \u767e\u4e07\u5186 (YoY +30.1%)\nOperating income: 21,214 \u767e\u4e07\u5186 (YoY +20.5%)\nNet income attributable to owners of parent: 13,806 \u767e\u4e07\u5186 (YoY +12.9%)\nAUM (Asset Management entrusted assets): 2,735,523 \u767e\u4e07\u5186 (vs prior year-end +72,?7\u767e\u4e07\u5186)\nCash and cash equivalents: 48,072 \u767e\u4e07\u5186 (increase vs prior period)","jir_category":"","jir_hashtags":"#ToseiCo.,Ltd., #financial_summary, #JapanEquities","jir_key_figures":"Revenue: 85,956 million yen\nOperating income: 21,214 million yen\nNet income: 13,809 million yen\nAUM: 2,735,523 million yen\nCash and cash equivalents: 48,072 million yen","jir_meta_title":"[Tosei Co., Ltd.] Q2 FY2026 Financial Results \u2014 Revenue 85,956 million yen, Operating income 21,214 million yen","jir_meta_description":"Summary of Tosei's IFRS consolidated financial results for the Q2 FY2026. Revenue rose 30.1% YoY to 85,956 million yen, operating income 21,214 million yen, and AUM expanded to 2,735,523 million yen. Real estate rehabilitation led the growth. Outlook and dividend policy explained.","jir_og_title":"[Tosei] Q2 FY2026 Financial Results \u2014 Revenue 85,956 million yen, profit increase","jir_og_description":"Tosei's interim results show revenue of 85,956 million yen and operating income of 21,214 million yen. AUM expanded to 2.735 trillion yen. Real estate rehabilitation led the growth; full-year outlook unchanged. 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