8804
Tokyo Tatemono Co., Ltd.
東京建物株式会社
Real Estate · Real Estate Services
Tokyo Tatemono Co., Ltd. operates as a real estate company in Japan. It operates through Building Business, Housing Business, Asset Services Business, and Other Business segments. The company engages in the development, leasing, and management of office buildings, retail facilities, and others; development, sales, leasing, and management of condominiums and detached houses; sale/purchase, brokerage, and consulting for real estate; parking lot development and management; leisure business; logistics facilities development; asset management business; overseas business; and real estate appraisal activities. Tokyo Tatemono Co., Ltd. was incorporated in 1896 and is headquartered in Chuo, Japan.
Price
¥3,269
Market Cap
¥679.7B
Ent. Value
¥1.9T
Net Debt
−¥1.2T
Shares Out.
207.9M
P / E
11.5×
EV / EBIT
19.4×
P / Book
1.15×
P / NCAV
N/M
Div. Yield
3.21%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,272.7B | ¥2,081.2B | ¥1,905.3B | ¥1,720.1B | ¥1,650.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥826.9B | ¥730.7B | ¥692.5B | ¥552.5B | ¥481.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥152.3B | ¥111.1B | ¥127.3B | ¥82.4B | ¥87.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥1,445.9B | ¥1,350.5B | ¥1,212.8B | ¥1,167.6B | ¥1,169.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥1,005.1B | ¥974.6B | ¥843.6B | ¥815.0B | ¥813.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥10.7B | ¥11.4B | ¥1.5B | ¥1.7B | ¥1.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥136.5B | ¥137.3B | ¥131.6B | ¥132.6B | ¥130.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥197.7B | ¥139.3B | ¥153.8B | ¥128.7B | ¥128.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥2.3B | ¥2.1B | ¥2.3B | ¥2.0B | ¥2.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,669.6B | ¥1,533.7B | ¥1,397.3B | ¥1,263.3B | ¥1,223.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥195.9B | ¥297.8B | ¥240.1B | ¥199.5B | ¥212.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥65.5B | ¥80.9B | ¥56.8B | ¥52.0B | ¥83.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥10.5B | ¥20.0B | ¥17.4B | ¥4.8B | ¥11.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,473.7B | ¥1,235.9B | ¥1,157.2B | ¥1,063.8B | ¥1,010.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥1,268.4B | ¥1,043.6B | ¥970.2B | ¥875.5B | ¥830.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥12.5B | ¥13.9B | ¥14.1B | ¥13.0B | ¥13.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥40.8B | ¥28.2B | ¥24.0B | ¥17.6B | ¥19.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥603.1B | ¥547.5B | ¥508.0B | ¥456.8B | ¥427.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥92.5B | ¥92.5B | ¥92.5B | ¥92.5B | ¥92.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥66.1B | ¥66.3B | ¥66.3B | ¥66.5B | ¥66.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥303.3B | ¥269.9B | ¥219.5B | ¥189.5B | ¥166.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-752M | ¥-747M | ¥-421M | ¥-443M | ¥-439M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥129.9B | ¥108.2B | ¥119.1B | ¥97.9B | ¥92.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥461.1B | ¥427.9B | ¥377.8B | ¥348.0B | ¥325.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥12.1B | ¥11.5B | ¥11.1B | ¥10.8B | ¥10.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥1,333.9B | ¥1,124.5B | ¥1,027.0B | ¥927.6B | ¥914.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-1,181.6B | ¥-1,013.4B | ¥-899.7B | ¥-845.1B | ¥-827.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-842.7B | ¥-803.0B | ¥-704.8B | ¥-710.8B | ¥-741.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-4,053 | ¥-3,840 | ¥-3,370 | ¥-3,399 | ¥-3,547 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,217 | ¥2,046 | ¥1,807 | ¥1,664 | ¥1,554 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥32.1B | ¥18.9B | ¥20.6B | ¥-3.3B | ¥65.9B |
| Taxes Paid | ¥-37.2B | ¥-31.3B | ¥-13.7B | ¥-22.1B | ¥-18.6B |
| Interest Paid | ¥-12.5B | ¥-8.9B | ¥-7.0B | ¥-6.1B | ¥-6.5B |
| Interest Received | ¥5.3B | ¥6.6B | ¥7.5B | ¥6.2B | ¥6.2B |
| D&A | ¥23.6B | ¥22.4B | ¥20.5B | ¥18.8B | ¥18.6B |
| Goodwill Amort. | ¥736M | ¥235M | ¥229M | ¥317M | ¥290M |
| Investing CF | ¥-97.4B | ¥-142.1B | ¥-54.1B | ¥-21.2B | ¥-1.6B |
| Purchase Investments | ¥-34.4B | ¥-10.4B | ¥-3.3B | ¥-5.6B | ¥-1.6B |
| Financing CF | ¥104.2B | ¥105.6B | ¥77.9B | ¥18.4B | ¥-32.2B |
| Dividends Paid | ¥-22.1B | ¥-15.5B | ¥-15.0B | ¥-11.7B | ¥-10.0B |
| Share Buybacks | ¥-3.0B | ¥-344M | ¥-3M | ¥-4M | ¥-234M |
| LT Debt Repaid | ¥-81.1B | ¥-56.7B | ¥-52.1B | ¥-112.5B | ¥-68.8B |
| Free Cash Flow | ¥32.1B | ¥18.9B | ¥20.6B | ¥-3.3B | ¥65.9B |
| Net Change in Cash | ¥41.2B | ¥-16.2B | ¥44.9B | ¥-4.6B | ¥32.4B |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 10.4% | 12.8% | 9.6% | 10.0% | 8.7% |
| ROA | 2.7% | 3.3% | 2.5% | 2.6% | 2.1% |
| EPS | ¥283.08 | ¥315.50 | ¥215.82 | ¥206.15 | ¥167.35 |
| DPS | ¥105.00 | ¥95.00 | ¥73.00 | ¥65.00 | ¥51.00 |
| BPS | ¥2,846.85 | ¥2,567.66 | ¥2,378.61 | ¥2,135.08 | ¥1,996.52 |
| FCF/Share | ¥154 | ¥90 | ¥98 | ¥-16 | ¥315 |
| NCAV/Share | ¥-4,053 | ¥-3,840 | ¥-3,370 | ¥-3,399 | ¥-3,547 |
| Payout Ratio | 37.1% | 30.1% | 33.8% | 31.5% | 30.5% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 80
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
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）
|
38,442 | 18.49% |
| 2 |
Japan Custody Bank
㈱日本カストディ銀行（信託口）
|
24,099 | 11.59% |
| 3 | 日本証券金融㈱ | 4,758 | 2.29% |
| 4 | 損害保険ジャパン㈱ （常任代理人 ㈱日本カストディ銀行） | 4,744 | 2.28% |
| 5 | 明治安田生命保険(相) （常任代理人 ㈱日本カストディ銀行） | 4,729 | 2.27% |
| 6 |
State Street Bank and Trust Company
ステート ストリート バンク アンド トラスト カンパニー 505001 （常任代理人 ㈱みずほ銀行決済営業部）
|
4,724 | 2.27% |
| 7 |
State Street Bank and Trust Company
ステート ストリート バンク アンド トラスト カンパニー 505103 （常任代理人 ㈱みずほ銀行決済営業部）
|
4,422 | 2.13% |
| 8 | シービーロンドンスティッチングペンショエンフォンズゾーグエンウェルジジン （常任代理人 シティバンク、エヌ・エイ東京支店） | 3,881 | 1.87% |
| 9 |
JPMorgan Chase Bank, N.A.
ジェーピー モルガン チェースバンク 380055 （常任代理人 ㈱みずほ銀行決済営業部）
|
3,413 | 1.64% |
| 10 | エムエスアイピ－クライアントセキユリテイ－ズ （常任代理人 モルガン・スタンレーＭＵＦＧ証券㈱） | 3,161 | 1.52% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
30.1%
+2.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
6.0%
+1.9% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
10.2%
-2.3% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 46.3% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 18.16% | 16.73% | 18.49% +1.76% | |
| Japan Custody Bank 日本カストディ銀行 | 10.40% | 10.49% | 11.59% +1.10% | |
| State Street | — | 4.17% | 4.40% +0.23% | |
| 日本証券金融 ↑ | 1.86% | 1.86% | 2.29% +0.43% | |
| 損害保険ジャパン | 2.27% | 2.27% | 2.28% +0.01% | |
| 明治安田生命保険 | 2.26% | 2.26% | 2.27% +0.01% | |
| シービーロンドンスティッチングペンショエンフォンズゾーグエンウェルジジン | 2.42% | 2.23% | 1.87% -0.36% | |
| JP Morgan NEW ENTRY | 2.57% | — | 1.64% NEW | |
| エムエスアイピ－クライアントセキユリテイ－ズ NEW ENTRY | — | — | — | 1.52% NEW |
| Morgan Stanley last seen 2024 | Exited Top 10 | 1.93% | 2.02% | — |
| THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AG FUND 2024-09 （LIMITED OT FINANC IN RESALE RSTRCT） THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AG FUND 2024-09 （LIMITED OT FINANC IN RESALE RSTRCT） last seen 2024 | Exited Top 10 | — | 1.90% | — |
| SMBC日興証券 last seen 2023 | Exited Top 10 | 2.07% | — | — |
| JPモルガン証券 last seen 2023 | Exited Top 10 | 1.86% | — | — |
| Concentration (HHI) ⓘ | 476 | 434 | 520 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥97,755M
-3% since 2023
Holdings
43
6 exited
Trend
5 unwinding
vs 2023
| Held Company | FY2025 ¥97,755M total | FY2023 ¥100,911M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Hulic Co.,Ltd.
ヒューリック㈱
|
34,942 |
-50.0%
↓
20,374,433
|
60,165 | 40,749,033 | M |
|
Sompo Holdings, Inc.
ＳＯＭＰＯホールディングス㈱
|
10,822 |
+152.9%
↑
2,028,215
|
5,529 | 801,905 | M |
|
taisei corporation
大成建設㈱
|
7,032 |
-50.2%
↓
474,080
|
4,590 | 951,980 | M |
|
SEIBU HOLDINGS INC.
㈱西武ホールディングス
|
4,279 |
994,300
|
1,945 | 994,300 | M |
|
Yasuda Logistics corporation
安田倉庫㈱
|
3,528 |
1,603,000
|
1,880 | 1,603,000 | M |
|
Fuyo General Lease Co., Ltd.
芙蓉総合リース㈱
|
3,233 |
+343.0%
↑
753,100
|
2,081 | 170,000 | M |
|
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
|
3,042 |
1,423,000
|
1,997 | 1,423,000 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
3,035 |
-22.1%
↓
532,612
|
1,650 | 684,112 | M |
|
Katakura Industries Co.,Ltd.
片倉工業㈱
|
2,829 |
980,000
|
1,605 | 980,000 | M |
|
TPR CO .,LTD.
ＴＰＲ㈱
|
2,410 |
+100.0%
↑
1,867,374
|
1,591 | 933,687 | M |
|
TEIKOKU SEN-I Co.,Ltd.
帝国繊維㈱
|
2,305 |
698,733
|
1,427 | 698,733 | M |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
2,251 |
-12.5%
↓
387,000
|
1,560 | 442,200 | M |
|
THE JAPAN WOOL TEXTILE CO., LTD.
日本毛織㈱
|
1,974 |
1,112,500
|
1,492 | 1,112,500 | M |
|
TAKARA HOLDINGS INC.
宝ホールディングス㈱
|
1,607 |
1,000,000
|
1,239 | 1,000,000 | M |
|
OKAMOTO INDUSTRIES,INC.
オカモト㈱
|
1,423 |
260,200
|
1,294 | 260,200 | M |
|
Nippi,Incorporated
㈱ニッピ
|
1,379 |
100,000
|
596 | 100,000 | M |
|
Taikisha Ltd.
㈱大気社
|
1,322 |
+100.0%
↑
401,400
|
819 | 200,700 | M |
|
Mitsuuroko Group Holdings Co.,Ltd.
㈱ミツウロコグループホールディングス
|
1,248 |
567,000
|
899 | 567,000 | M |
|
TODA CORPORATION
戸田建設㈱
|
873 |
690,300
|
643 | 690,300 | M |
|
HEIWA REAL ESTATE CO.,LTD.
平和不動産㈱
|
814 |
+100.0%
↑
364,800
|
687 | 182,400 | M |
|
TOA CORPORATION
東亜建設工業㈱
|
720 |
+300.0%
↑
254,400
|
226 | 63,600 | M |
|
NOF CORPORATION
日油㈱
|
652 |
+200.0%
↑
216,561
|
505 | 72,187 | M |
|
DAI-DAN CO.,LTD.
ダイダン㈱
|
629 |
+200.0%
↑
254,100
|
120 | 84,700 | M |
|
YAMATO HOLDINGS CO.,LTD.
ヤマトホールディングス㈱
|
574 |
260,000
|
677 | 260,000 | M |
|
Matsui Construction Co., Ltd.
松井建設㈱
|
546 |
363,000
|
304 | 363,000 | M |
|
Nippon Signal Company,Limited
日本信号㈱
|
491 |
375,000
|
363 | 375,000 | M |
|
TAKARA STANDARD CO.,LTD.
タカラスタンダード㈱
|
484 |
166,000
|
270 | 166,000 | M |
|
TOBU RAILWAY CO.,LTD.
東武鉄道㈱
|
475 |
180,098
|
682 | 180,098 | M |
|
Oki Electric Industry Company, Limited
沖電気工業㈱
|
466 |
-50.0%
↓
235,076
|
428 | 470,076 | M |
|
Azbil Corporation
アズビル㈱
|
455 |
+300.0%
↑
320,000
|
373 | 80,000 | M |
|
NSK Ltd.
日本精工㈱
|
318 |
326,857
|
249 | 326,857 | M |
|
The Ogaki Kyoritsu Bank, Ltd.
㈱大垣共立銀行
|
304 |
64,968
|
122 | 64,968 | M |
|
OKABE CO., LTD.
岡部㈱
|
293 |
305,100
|
223 | 305,100 | M |
|
繧､繝ｳ繧ｿ繝ｼ繝ｩ繧､繝輔�帙�ｼ繝ｫ繝�繧｣繝ｳ繧ｰ繧ｹ譬ｪ蠑丈ｼ夂､ｾ
インターライフホールディングス㈱
|
284 |
400,000
|
85 | 400,000 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
195 |
+50.0%
↑
38,816
|
177 | 25,872 | M |
|
Daiwa Securities Group Inc.
㈱大和証券グループ本社
|
160 |
117,055
|
111 | 117,055 | M |
|
The Chiba Kogyo Bank, Ltd.
㈱千葉興業銀行
|
89 |
53,240
|
42 | 53,240 | M |
|
The Shikoku Bank, Ltd.
㈱四国銀行
|
82 |
47,144
|
45 | 47,144 | M |
|
Global Kids Company Corp.
㈱グローバルキッズCOMPANY
|
75 |
100,000
|
64 | 100,000 | |
|
LIXIL Corporation
㈱ＬＩＸＩＬ
|
56 |
29,680
|
52 | 29,680 | M |
|
Spacemarket Inc.
㈱スペースマーケット
|
49 |
171,000
|
54 | 171,000 | |
|
Totenko Co., Ltd.
㈱東天紅
|
7 |
6,292
|
5 | 6,292 | |
|
譌･譛ｬ陬ｽ邏呎ｪ蠑丈ｼ夂､ｾ
日本製紙㈱
|
3 |
2,823
|
3 | 2,823 | M |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
|
— |
−100%
Exit
—
|
696 | 111,980 | M |
|
ASANUMA CORPORATION
㈱淺沼組
|
— |
−100%
Exit
—
|
386 | 100,000 | M |
|
Tonami Holdings Co.,Ltd.
トナミホールディングス㈱
|
— |
−100%
Exit
—
|
318 | 70,600 | M |
|
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス㈱
|
— |
−100%
Exit
—
|
299 | 79,284 | |
|
Nishimatsu Construction Co., Ltd.
西松建設㈱
|
— |
−100%
Exit
—
|
291 | 74,200 | |
|
Joban Kosan Co.,Ltd.
常磐興産㈱
|
— |
−100%
Exit
—
|
52 | 42,866 | M |
| Portfolio total | 97,755 | 100,911 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding