1766
TOKEN CORPORATION
東建コーポレーション株式会社
Construction
Token Corporation operates as a construction company in Japan. It is involved in the general lease construction business for landowners; corporate leasing business; intermediation business for rental condominiums, rental apartments, and rental stores. The company also engages in the house renovation business; fixed-term land leasehold housing sales business; furnished rental apartment business; urban redevelopment; and internet advertising services. Token Corporation was founded in 1974 and is headquartered in Nagoya, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Net Sales
¥366.6B
¥340.8B
¥316.8B
¥311.6B
Cost of Sales
¥303.1B
¥290.8B
¥272.2B
¥261.7B
Gross Profit
¥63.5B
¥50.0B
¥44.7B
¥49.9B
SG&A
¥41.3B
¥37.0B
¥34.9B
¥34.9B
Operating Income
¥22.3B
¥13.0B
¥9.7B
¥15.0B
Non-Operating Income
¥565M
¥457M
¥439M
¥464M
Interest Income
¥141M
¥105M
¥70M
¥65M
Non-Operating Expenses
¥71M
¥83M
¥86M
¥142M
Ordinary Income
¥22.8B
¥13.4B
¥10.1B
¥15.4B
Pre-tax Income
¥22.8B
¥13.3B
¥8.5B
¥15.3B
Income Taxes
¥7.0B
¥4.3B
¥3.3B
¥5.1B
Current Tax
¥7.7B
¥4.6B
¥3.4B
¥5.3B
Deferred Tax
¥-670M
¥-262M
¥-102M
¥-183M
Net Income (owners)
¥15.8B
¥8.9B
¥5.2B
¥10.3B
Comprehensive Income
¥15.5B
¥9.7B
¥5.2B
¥10.3B
EBITDA
¥24.4B
¥15.0B
¥12.0B
¥17.3B
EPS
¥1,173.64
¥665.21
¥389.70
¥764.25
Shares Outstanding
13.4M
13.4M
13.4M
13.4M
Shares Issued (total)
13.5M
13.5M
13.5M
13.5M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥228.7B
¥210.0B
¥198.4B
¥194.2B
Current Assets
¥150.5B
¥134.1B
¥132.1B
¥135.3B
Cash & Deposits
¥136.6B
¥121.0B
¥118.2B
¥123.5B
Trade Receivables
¥1.1B
¥1.1B
¥1.1B
¥1.0B
Non-Current Assets
¥78.2B
¥75.9B
¥66.4B
¥58.9B
PP&E
¥41.8B
¥41.9B
¥42.5B
¥44.6B
Intangible Assets
¥2.8B
¥2.3B
¥2.4B
¥2.6B
Deferred Tax Assets
¥6.1B
¥5.3B
¥5.4B
¥5.3B
Total Liabilities
¥94.9B
¥88.4B
¥83.2B
¥80.7B
Current Liabilities
¥66.6B
¥60.7B
¥54.6B
¥52.5B
Taxes Payable
¥5.8B
¥2.9B
¥1.5B
¥2.5B
Non-Current Liabilities
¥28.4B
¥27.7B
¥28.6B
¥28.2B
Pension Obligations
¥3.5B
¥2.9B
¥3.8B
¥3.7B
Total Equity
¥133.8B
¥121.6B
¥115.3B
¥113.4B
Capital Stock
¥4.8B
¥4.8B
¥4.8B
¥4.8B
Capital Surplus
¥20M
¥20M
¥20M
¥20M
Retained Earnings
¥128.5B
¥116.1B
¥110.5B
¥108.6B
Treasury Stock
¥-211M
¥-209M
¥-208M
¥-203M
AOCI
¥623M
¥898M
¥158M
¥166M
Equity (owners)
¥133.1B
¥120.7B
¥115.1B
¥113.3B
Net Cash ⓘ
¥136.6B
¥121.0B
¥118.2B
¥123.5B
NCAV ⓘ
¥55.6B
¥45.7B
¥48.9B
¥54.5B
NCAV/Share
¥4,132
¥3,401
¥3,640
¥4,055
BV/Share
¥9,902
¥8,979
¥8,564
¥8,424
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥22.7B
¥18.2B
¥8.9B
¥2.9B
Interest Received
¥136M
¥111M
¥67M
¥71M
D&A
¥2.1B
¥2.0B
¥2.2B
¥2.2B
Investing CF
¥-3.7B
¥-4.0B
¥-241M
¥-1.3B
CapEx
¥1.6B
¥871M
¥819M
¥786M
Financing CF
¥-3.4B
¥-3.4B
¥-3.4B
¥-3.0B
Dividends Paid
¥-3.4B
¥-3.4B
¥-3.4B
¥-3.0B
Free Cash Flow
¥21.1B
¥17.3B
¥8.1B
¥2.2B
Net Change in Cash
¥15.6B
¥10.8B
¥5.3B
¥-1.3B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
12.4%
7.5%
4.6%
9.4%
ROA
7.2%
4.4%
2.7%
5.3%
EPS
¥1,173.64
¥665.21
¥389.70
¥764.25
DPS
¥330.00
¥250.00
¥250.00
¥250.00
BPS
¥9,949.03
¥9,045.85
¥8,575.60
¥8,436.45
FCF/Share
¥1,570
¥1,288
¥605
¥160
NCAV/Share
¥4,132
¥3,401
¥3,640
¥4,055
Payout Ratio
28.1%
37.6%
64.2%
32.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 17
Date Activist Stake Event Flag Demands Source
2026-04-30
Hikari Tsushin K.K.
22.18%
+1.01%
change
Passive
—
2026-03-11
Hikari Tsushin K.K.
21.17%
+1.0%
change
Passive
—
2026-02-26
Minoru Soda
24.52%
correction
Passive
—
2026-02-17
Minoru Soda
24.52%
-17.39%
change
Passive
—
2026-02-05
Minoru Soda
41.91%
correction
Passive
—
2026-01-26
Minoru Soda
41.91%
change
Passive
—
2025-09-26
Hikari Tsushin K.K.
20.17%
+0.66%
change
Passive
—
2025-06-03
Hikari Tsushin K.K.
19.51%
+1.01%
change
Passive
—
2025-03-24
Hikari Tsushin K.K.
18.5%
+1.05%
change
Passive
—
2024-11-26
Hikari Tsushin K.K.
17.45%
+1.0%
change
Passive
—
2024-10-15
SOUDA MINORU
41.91%
correction
Passive
—
2024-09-20
SOUDA MINORU
41.91%
change
Passive
—
2024-05-07
Hikari Tsushin K.K.
16.45%
+1.35%
change
Passive
—
2023-12-04
Hikari Tsushin K.K.
15.1%
+1.01%
change
Passive
—
2023-10-05
Hikari Tsushin K.K.
14.09%
+1.03%
change
Passive
—
2023-08-08
Hikari Tsushin K.K.
13.06%
+1.02%
change
Passive
—
2023-06-21
Hikari Tsushin K.K.
12.04%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
㈱東名商事
4,600,000
34.20%
2
左右田 稔
1,046,400
7.70%
3
㈱UH Partners 2
1,002,000
7.40%
4
光通信㈱
994,600
7.30%
5
㈱UH Partners 3
615,900
4.50%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱(信託口)
554,700
4.10%
7
左右田 善猛
404,000
3.00%
8
Citibank, N.A.
THE NOMURA TRUSTAND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND(常任代理人)シティバンク、エヌ・エイ東京支店 カストディ業務部長石川 潤
243,100
1.80%
9
SMBC日興証券㈱
180,900
1.30%
10
Custody Bank of Japan, Ltd. (Trust Account)
㈱日本カストディ銀行(信託口)
120,300
0.80%
Domestic Nominees
4.9%
-0.7% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.8%
+1.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
65.4%
+1.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
㈱東名商事
30.40%
30.40%
34.20%
+3.80%
左右田 稔
11.50%
11.50%
7.70%
-3.80%
㈱UH Partners 2
—
7.40%
7.40%
光通信
7.30%
7.30%
7.30%
㈱UH Partners 3
↑
—
1.60%
4.50%
+2.90%
日本マスタートラスト信託銀行
5.80%
4.40%
4.10%
-0.30%
左右田 善猛
3.00%
3.00%
3.00%
Citibank
NEW ENTRY
—
—
—
1.80%
NEW
SMBC日興証券
2.10%
2.20%
1.30%
-0.90%
日本カストディ銀行
0.70%
1.20%
0.80%
-0.40%
住友生命保険
last seen 2024
Exited Top 10
0.80%
0.80%
—
㈱UH PARTNERS 2
last seen 2023
Exited Top 10
4.50%
—
—
Fidelity
last seen 2023
Exited Top 10
1.70%
—
—
Concentration (HHI)
ⓘ
1181
1202
1389
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved