Komori
Presentation materials for financial results8804Tokyo Tatemono Co.,Ltd.Real estate

Fiscal year ended December 2025: Earnings highlights

For the fiscal year ending December 2025, operating revenue, operating profit and other figures increased due to growth in rental revenue and improved profit margins on sales of properties to investors. Net income declined because of the反動 from gains on sales of cross-held shares in the previous fiscal year. For the fiscal year ending December 2026, record-high operating revenue, operating profit and other figures are expected, driven by increased property sales and other factors.

Worth reading
66In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
160
¥100 million (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ended December 2025, full year8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales4,745 Hundreds of millions of yen+2.3%
Operating profit957 Hundreds of millions of yen+20.2%
Ordinary income781 Hundreds of millions of yen+9.0%
Net income588 Hundreds of millions of yen-10.6%
Gross Profit Margin
Rate分譲マンション粗利益率 29.4%
Year-on-year change (points)0.4ポイント上昇（前期29.0%）
Full-year earnings forecast
Fiscal year ending December 2026
Operating revenue
5,240 Hundreds of millions of yen
Operating profit
1,000 Hundreds of millions of yen
Ordinary income
805 Hundreds of millions of yen
Profit attributable to owners of the parent
630 Hundreds of millions of yen
Business profit
1,020 Hundreds of millions of yen
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Operating revenue101.0%
Operating profit103.5%
Ordinary income99.6%
Profit attributable to owners of the parent101.5%
Business profit98.3%
What the company explained in this material
New initiatives
TOFROM YAESUの竣工予定が示されているが、新規施策としての詳細はNot disclosed。
Key KPIsA metric the company considers important as a management benchmark.
  • Number of office buildings36 buildings
    Year on year against the same period last year-0.0%
  • Office building floor area520 thousand sq. m
    Year on year against the same period last year-7.0%
    Prior-year period527
  • Vacancy rate1.8 %
    Year-on-year change (points)-0.4
  • Average rent¥29,411 /tsubo
    Year on year against the same period last year+868.0%
  • Condominium gross profit margin29.4 %
    Year-on-year change (points)0.4
  • Completed condominium inventory107 units
    Year on year against the same period last year-81.0%
  • Contracted but unrecorded units1,194 units
    Year on year against the same period last year-184.0%
  • 駐車場拠点数1,906 Location
    Year on year against the same period last year+1.0%
  • 駐車場車室数91,650 parking spaces
    Year on year against the same period last year+4,858.0%
  • 温浴施設数11 Facility
    Year on year against the same period last year0.0%
  • ゴルフ場数13 Facility
    Year on year against the same period last year+1.0%
  • レジーナリゾート施設数10 Facility
    Year on year against the same period last year+2.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Recognized condominium units
1,287 units
Prior-year period1,711
Unit price per property
¥7,551 10,000
Prior-year period9,215
Segment results
Buildings
Operating revenue
2,201 Hundreds of millions of yen
Year-on-year change436
Business profit
673 Hundreds of millions of yen
Year-on-year change254
Housing
Operating revenue
1,651 Hundreds of millions of yen
Year-on-year change-463
Business profit
255 Hundreds of millions of yen
Year-on-year change-120
Asset services
Operating revenue
634 Hundreds of millions of yen
Year-on-year change87
Business profit
114 Hundreds of millions of yen
Year-on-year change0
Other
Operating revenue
258 Hundreds of millions of yen
Year-on-year change48
Business profit
-25 Hundreds of millions of yen
Year-on-year change-35
Eliminations and Corporate
Business profit
-124 Hundreds of millions of yen
Year-on-year change3
Medium-term management plan targets
Business profit2027年度定量目標950億円。2026年度予想1,020億円で1年前倒しの超過達成見通し
Profit attributable to owners of the parent2027年度参考指標600億円。2026年度予想630億円で1年前倒しの超過達成見通し
Payout ratio2027年度定量目標40%。2026年度予想40.2%で1年前倒しの達成見通し
Number of stores and locations
駐車場事業の期末拠点数は1,906拠点。期中の出退店数はNot disclosed。その他の施設数は温浴施設11、ゴルフ場13、レジーナリゾート10。
Annual Dividend
Fiscal year ending December 2025
Annual¥105 per share
Fiscal year ending December 2026
Annual¥122 per share
Interim¥61 per share
End of period¥61 per share
Payout ratio
Fiscal year ending December 202537.1 %
Fiscal year ending December 202640.2 %
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ended December 2025, full year
Net Sales4,745 Hundreds of millions of yen (YoY +2.3%)
Operating profit957 Hundreds of millions of yen (YoY +20.2%)
Ordinary income781 Hundreds of millions of yen (YoY +9.0%)
Net income588 Hundreds of millions of yen (YoY -10.6%)
Gross Profit MarginRate 分譲マンション粗利益率 29.4% / Year-on-year change (points) 0.4ポイント上昇（前期29.0%）
Full-year earnings forecastFiscal year ending December 2026 Operating revenue 5,240 Hundreds of millions of yen / Operating profit 1,000 Hundreds of millions of yen / Ordinary income 805 Hundreds of millions of yen / Profit attributable to owners of the parent 630 Hundreds of millions of yen / Business profit 1,020 Hundreds of millions of yen
Progress against full-year forecastOperating revenue 101.0% / Operating profit 103.5% / Ordinary income 99.6% / Profit attributable to owners of the parent 101.5% / Business profit 98.3%
Segment resultsBuildings Operating revenue 2,201 Hundreds of millions of yen / Business profit 673 Hundreds of millions of yen / Housing Operating revenue 1,651 Hundreds of millions of yen / Business profit 255 Hundreds of millions of yen / Asset services Operating revenue 634 Hundreds of millions of yen / Business profit 114 Hundreds of millions of yen / Other Operating revenue 258 Hundreds of millions of yen / Business profit -25 Hundreds of millions of yen / Eliminations and Corporate Business profit -124 Hundreds of millions of yen
Key KPIsIndicator name Number of office buildings / Value 36 buildings / Year on year against the same period last year -0 buildings, Indicator name Office building floor area / Value 520 thousand sq. m / Year on year against the same period last year -7 thousand sq. m / Prior-year period 527 thousand sq. m, Indicator name Vacancy rate / Value 1.8 % / Year-on-year change (points) -0.4 %, Indicator name Average rent / Value ¥29,411 /tsubo / Year on year against the same period last year ¥868 /tsubo, Indicator name Condominium gross profit margin / Value 29.4 % / Year-on-year change (points) 0.4 %, Indicator name Completed condominium inventory / Value 107 units / Year on year against the same period last year -81 units, Indicator name Contracted but unrecorded units / Value 1,194 units / Year on year against the same period last year -184 units, Indicator name 駐車場拠点数 / Value 1,906 Location / Year on year against the same period last year 1 Location, Indicator name 駐車場車室数 / Value 91,650 parking spaces / Year on year against the same period last year 4,858 parking spaces, Indicator name 温浴施設数 / Value 11 Facility / Year on year against the same period last year 0 Facility, Indicator name ゴルフ場数 / Value 13 Facility / Year on year against the same period last year 1 Facility, Indicator name レジーナリゾート施設数 / Value 10 Facility / Year on year against the same period last year 2 Facility
Unit price and quantity metricsRecognized condominium units 1,287 units / Unit price per property ¥7,551 10,000
Number of stores and locations駐車場事業の期末拠点数は1,906拠点。期中の出退店数はNot disclosed。その他の施設数は温浴施設11、ゴルフ場13、レジーナリゾート10。
Medium-term management plan targetsBusiness profit 2027年度定量目標950億円。2026年度予想1,020億円で1年前倒しの超過達成見通し / Profit attributable to owners of the parent 2027年度参考指標600億円。2026年度予想630億円で1年前倒しの超過達成見通し / Payout ratio 2027年度定量目標40%。2026年度予想40.2%で1年前倒しの達成見通し
Annual DividendFiscal year ending December 2025 Annual ¥105 per share / Fiscal year ending December 2026 Annual ¥122 per share / Interim ¥61 per share / End of period ¥61 per share
Payout ratioFiscal year ending December 2025 37.1 % / Fiscal year ending December 2026 40.2 %
New initiativesTOFROM YAESUの竣工予定が示されているが、新規施策としての詳細はNot disclosed。
Items this document does not state (14)
Operating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planBreakdown of Factors Affecting the ChangeNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

2025年12月期は、好調な不動産市況を捉えた戦略、賃貸収益の伸長、投資家向け物件売却の利益率向上が増収増益の理由とされている。純利益の減少は、前期の政策保有株式売却の反動によるもの。2026年12月期は、TOFROM YAESU竣工等に伴う費用が発生する一方、投資家向け物件売却の売上・粗利益の増加を見込んでいる。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Fiscal year ended December 2025: Earnings highlights | Tokyo Tatemono Co.,Ltd. (8804) timely disclosure | Komori