9005
TOKYU CORPORATION
東急株式会社
Land Transportation
Tokyu Corporation, together with its subsidiaries, engages in the transportation, real estate, life service, and hotel and resort businesses in Japan and internationally. It is involved in the railway, bus, and airport operations; and railway carriage business, such as designing and manufacturing equipment for railway carriages and contracting for renewal, repair, and periodic inspections, as well as undertaking design and construction of railway-related electronic work. The company also sells, leases, and manages real estate properties; leases office buildings, commercial facilities, housing properties, and other real estate properties; offers real estate brokerage services; provides property management services for buildings; develops and sells residential land; constructs and sells houses and others; and offers real estate management and construction, and building management services. In addition, it engages in the department store, chain store and other retailing, shopping center, cinema complex, and advertising operations, as well as offers cable television, electric power, and internet connection services. Further, the company operates hotels and golf courses. Tokyu Corporation was incorporated in 1922 and is headquartered in Tokyo, Japan.
Price
¥1,597
Market Cap
¥924.3B
Ent. Value
¥2.0T
Net Debt
−¥1.1T
Shares Out.
578.8M
P / E
11.8×
EV / EBIT
19.3×
P / Book
1.11×
P / NCAV
N/M
Div. Yield
1.50%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,699.0B | ¥2,652.1B | ¥2,614.0B | ¥2,479.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥459.5B | ¥443.2B | ¥422.3B | ¥353.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥62.1B | ¥43.4B | ¥69.3B | ¥52.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥158.2B | ¥190.4B | ¥156.8B | ¥142.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥2,239.5B | ¥2,208.9B | ¥2,191.7B | ¥2,126.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥1,814.3B | ¥1,820.6B | ¥1,830.7B | ¥1,787.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥39.3B | ¥40.1B | ¥38.7B | ¥35.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥272.7B | ¥248.5B | ¥226.4B | ¥204.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥15.4B | ¥13.2B | ¥20.1B | ¥22.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,826.7B | ¥1,822.5B | ¥1,834.6B | ¥1,726.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥719.7B | ¥743.1B | ¥769.1B | ¥668.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥85.4B | ¥108.5B | ¥100.9B | ¥88.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥330.8B | ¥378.1B | ¥423.0B | ¥384.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥11.2B | ¥22.8B | ¥5.8B | ¥13.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,107.0B | ¥1,076.9B | ¥1,060.6B | ¥1,050.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥800.9B | ¥777.5B | ¥809.5B | ¥800.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥30.3B | ¥31.8B | ¥42.8B | ¥43.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥25.5B | ¥18.5B | ¥15.3B | ¥14.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥872.3B | ¥829.6B | ¥779.4B | ¥752.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥121.7B | ¥121.7B | ¥121.7B | ¥121.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥123.0B | ¥123.4B | ¥123.3B | ¥133.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥593.8B | ¥526.0B | ¥471.3B | ¥454.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-91.2B | ¥-45.8B | ¥-17.3B | ¥-39.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥80.6B | ¥64.0B | ¥41.5B | ¥32.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥747.4B | ¥725.3B | ¥699.1B | ¥670.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥44.3B | ¥40.3B | ¥38.8B | ¥50.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥1,131.7B | ¥1,155.5B | ¥1,232.5B | ¥1,185.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-1,069.6B | ¥-1,112.2B | ¥-1,163.2B | ¥-1,133.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-1,367.2B | ¥-1,379.3B | ¥-1,412.3B | ¥-1,373.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-2,362 | ¥-2,298 | ¥-2,290 | ¥-2,269 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,291 | ¥1,208 | ¥1,133 | ¥1,108 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥155.1B | ¥145.3B | ¥95.4B | ¥85.6B |
| Taxes Paid | ¥-36.0B | ¥-11.4B | ¥-18.9B | ¥-8.6B |
| Interest Paid | ¥-8.9B | ¥-8.5B | ¥-8.4B | ¥-8.4B |
| Interest Received | ¥8.5B | ¥6.4B | ¥4.3B | ¥4.0B |
| D&A | ¥86.5B | ¥86.7B | ¥83.0B | ¥84.2B |
| Goodwill Amort. | ¥57M | ¥31M | ¥7M | — |
| Investing CF | ¥-114.0B | ¥-101.0B | ¥-154.4B | ¥-78.8B |
| Purchase Investments | ¥-9.2B | ¥-5.2B | ¥-2.9B | ¥-4.1B |
| Proceeds from Invest. | ¥879M | ¥2.3B | ¥2.6B | ¥3.7B |
| Financing CF | ¥-25.2B | ¥-72.0B | ¥74.6B | ¥-1.4B |
| Dividends Paid | ¥-12.6B | ¥-9.1B | ¥-9.1B | ¥-7.6B |
| Share Buybacks | ¥-46.6B | ¥-30.0B | ¥-17M | ¥-4.5B |
| LT Debt Repaid | ¥-35.4B | ¥-41.0B | ¥-41.9B | ¥-66.0B |
| Free Cash Flow | ¥155.1B | ¥145.3B | ¥95.4B | ¥85.6B |
| Net Change in Cash | ¥16.6B | ¥-27.0B | ¥16.9B | ¥6.3B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 9.8% | 8.3% | 3.6% | 1.2% |
| ROA | 3.0% | 2.4% | 1.0% | 0.4% |
| EPS | ¥134.81 | ¥105.84 | ¥42.94 | ¥14.58 |
| DPS | ¥24.00 | ¥17.50 | ¥15.00 | ¥15.00 |
| BPS | ¥1,441.00 | ¥1,317.32 | ¥1,204.93 | ¥1,167.07 |
| FCF/Share | ¥268 | ¥242 | ¥155 | ¥141 |
| NCAV/Share | ¥-2,362 | ¥-2,298 | ¥-2,290 | ¥-2,269 |
| Payout Ratio | 17.8% | 16.5% | 34.9% | 102.9% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 13
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-12
15:30
|
Buyback | ¥20.0B 2.3% | Tokyu CORPORATION board approved a share buyback program on May 12, 2026, authorizing the acquisition of up to 13 millio… | |
|
Summary
Tokyu CORPORATION board approved a share buyback program on May 12, 2026, authorizing the acquisition of up to 13 million shares (2.28% of outstanding shares) for a maximum of ¥20 billion through open market purchases on the TOKYU Stock Exchange. The buyback program runs from May 13, 2026 through March 31, 2027, with the stated objective of improving capital efficiency and enhancing per-share value through share count reduction.
Deadline: 2027-03-31
% of Shares: 2.3%
Shares: 13,000,000
Source (JP)
自己株式取得に係る事項について決定いたしましたので、下記のとおりお知らせいたします。1. 自己株式の取得を行う理由 資本効率の改善及び株式数削減を通じた1株当たり株式価値の向上を図るため
自己株式取得に係る事項の決定に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
88,991 | 15.38% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
25,275 | 4.37% |
| 3 |
Nippon Life Insurance
日本生命保険相互会社
|
19,558 | 3.38% |
| 4 |
Dai-ichi Life Insurance
第一生命保険株式会社
|
16,517 | 2.85% |
| 5 |
Sumitomo Mitsui Trust Bank
三井住友信託銀行株式会社
|
15,677 | 2.71% |
| 6 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行決済営業部)
|
12,457 | 2.15% |
| 7 |
Mizuho Bank
株式会社みずほ銀行
|
9,906 | 1.71% |
| 8 |
Taiyo Life Insurance
太陽生命保険株式会社
|
9,088 | 1.57% |
| 9 | 東急グループ従業員持株会 | 7,173 | 1.24% |
| 10 | 野村信託銀行株式会社(退職給付信託三菱UFJ銀行口) | 7,135 | 1.23% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.5%
+0.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.1%
+0.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
12.0%
-2.4% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 36.6% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 14.67% | 14.00% | 15.38% +1.38% | |
| Japan Custody Bank 日本カストディ銀行 | 5.07% | 4.23% | 4.37% +0.14% | |
| Nippon Life Insurance 日本生命保険 | 3.82% | 3.93% | 3.38% -0.55% | |
| Dai-ichi Life Insurance 第一生命保険 | 5.02% | 4.14% | 2.85% -1.29% | |
| Sumitomo Mitsui Trust Bank 三井住友信託銀行 | 3.63% | 3.38% | 2.71% -0.67% | |
| State Street | 1.58% | 1.94% | 2.15% +0.21% | |
| Mizuho Bank みずほ銀行 | 1.61% | 1.65% | 1.71% +0.06% | |
| Taiyo Life Insurance 太陽生命保険 | 1.55% | 1.59% | 1.57% -0.02% | |
| 東急グループ従業員持株会 NEW ENTRY | — | — | — | 1.24% NEW |
| 野村信託銀行株式会社(退職給付信託三菱UFJ銀行口) NEW ENTRY | — | — | — | 1.23% NEW |
| Mitsubishi UFJ Trust and Banking 三菱UFJ信託銀行 last seen 2024 | Exited Top 10 | 1.52% | 1.56% | — |
| MUFG Bank 式会社三菱UFJ銀行 last seen 2024 | Exited Top 10 | 1.45% | 1.49% | — |
| Concentration (HHI) ⓘ | 306 | 272 | 296 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥62,197M
+59% since 2023
Holdings
19
+1 new
1 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥62,197M total | FY2023 ¥39,185M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Tokyu REIT Investment Corporation
東急リアル・エステート投資法人
|
17,494 |
+105.5%
↑
100,718
|
8,869 | 49,000 | |
|
TOEI COMPANY,LTD.
東映㈱
|
15,180 |
+400.0%
↑
3,000,000
|
10,290 | 600,000 | M |
| 第一生命ホールディングス㈱ | 11,333 |
-18.0%
↓
2,500,700
|
7,425 | 3,049,600 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
4,357 |
2,167,000
|
1,837 | 2,167,000 | M |
|
Rakuten Group,Inc.
楽天グループ㈱
|
3,008 |
NEW
New
3,533,500
|
— | ||
|
East Japan Railway Company
東日本旅客鉄道㈱
|
2,433 |
+200.0%
↑
824,400
|
2,015 | 274,800 | M |
|
Keio Corporation
京王電鉄㈱
|
1,831 |
481,080
|
2,234 | 481,080 | M |
|
Odakyu Electric Railway Co.,Ltd
小田急電鉄㈱
|
1,411 |
955,055
|
1,642 | 955,055 | M |
|
Japan Airlines Co., Ltd.
日本航空㈱
|
1,353 |
529,400
|
1,366 | 529,400 | M |
|
ANA HOLDINGSINC.
ANAホールディングス㈱
|
1,103 |
400,000
|
1,150 | 400,000 | M |
| ㈱コンコルディア・フィナンシャルグループ | 683 |
697,000
|
340 | 697,000 | M |
|
SEIBU HOLDINGS INC.
㈱西武ホールディングス
|
545 |
165,300
|
224 | 165,300 | M |
|
Mitsubishi Research Institute, Inc.
㈱三菱総合研究所
|
469 |
100,000
|
510 | 100,000 | |
|
Keikyu Corporation
京浜急行電鉄㈱
|
421 |
-50.0%
↓
278,445
|
700 | 556,745 | M |
| ㈱八十二銀行 | 274 |
260,000
|
149 | 260,000 | M |
|
Gurunavi, Inc.
㈱ぐるなび
|
124 |
420,400
|
139 | 420,400 | |
|
Suruga Bank Ltd.
スルガ銀行㈱
|
124 |
92,500
|
42 | 92,500 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
43 |
+200.0%
↑
11,400
|
20 | 3,800 | M |
|
TOBU RAILWAY CO.,LTD.
東武鉄道㈱
|
11 |
4,584
|
14 | 4,584 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
219 | 48,362 | M |
| Portfolio total | 62,197 | 39,185 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding