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Tokyo Tatemono (8804) investor relations material
Tokyo Tatemono Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue and profit declined year-over-year due to lower sales and gross profit from for-sale condominiums, but progress is generally in line with the full-year forecast.
Operating revenues for Q1 2026 were ¥98,619 million, down 22.1% year-over-year.
Operating profit decreased 46.7% to ¥12,645 million compared to the same quarter last year.
Profit attributable to owners of parent fell 60.2% year-over-year to ¥5,717 million.
Major redevelopment projects advanced, including completion of TOFROM YAESU TOWER and approval for Kyobashi 3-chome project.
Financial highlights
Q1 FY2026 operating revenue: ¥98.6B (down ¥28.0B YoY); operating profit: ¥12.6B (down ¥11.0B YoY); profit attributable to owners: ¥5.7B (down ¥8.6B YoY).
Business profit: ¥12.3B (down ¥12.0B YoY); ordinary profit: ¥9.2B (down ¥11.3B YoY).
Total assets at Q1-end: ¥2,388.5B, up ¥115.8B from prior year-end, driven by increased real estate for sale and redevelopment investments.
Net assets as of March 31, 2026, were ¥603.6B; equity-to-asset ratio stood at 24.8%.
Interest-bearing debt rose to ¥1,469.1B, with a debt-equity ratio of 2.5x.
Outlook and guidance
FY2026 full-year forecast: operating revenue ¥524.0B, operating profit ¥100.0B, business profit ¥102.0B, profit attributable to owners ¥63.0B.
Business profit and payout ratio targets for FY2027 expected to be achieved one year ahead of schedule.
Dividend per share projected at ¥122 for FY2026, payout ratio 40.2%.
- Record revenue and profit in FY2025, with FY2026 set for further growth and higher dividends.8804
Q4 202527 Feb 2026 - Full-year profit and dividend forecasts revised upward amid strong leasing and commercial property growth.8804
Q3 202527 Nov 2025 - Revenue and profit fell on weaker residential sales, but full-year growth and stable financing are forecast.8804
Q2 202522 Aug 2025 - Profits and revenue surged on strong condo and commercial sales, with a robust outlook.8804
Q3 202413 Jun 2025 - Profits and dividends rose on strong residential sales and robust project execution.8804
Q2 202413 Jun 2025 - Q1 FY2025 saw revenue and profit surge, but full-year profit is forecast to decline.8804
Q1 20256 Jun 2025 - Record profit growth driven by housing and building sales; FY2025 sees higher payouts.8804
Q4 20245 Jun 2025
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Next Tokyo Tatemono earnings date
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