Tokyo Tatemono, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 6%, Raises Record High Profit Forecast, Dividend Revised Upward by 6 Yen

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Thu Nov 13, 2025 3:30 pm JST Earnings

8804 Tokyo Tatemono Co., Ltd. 【J-GAAP】

Earnings Report

Tokyo Tatemono Co., Ltd. <8804> [TSE Prime] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 22.4% from the same period last year to 41.4 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 6.1%, from the previous forecast of 74.0 billion yen to 78.5 billion yen (compared to 71.7 billion yen in the previous period), increasing the growth rate from 3.2% to 9.5%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase 9.8%, from the previous forecast of 46.0 billion yen to 50.5 billion yen (compared to 23.5 billion yen in the same period of the previous year), increasing the growth rate from 95.4% to 2.1 times.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 97 yen to 103 yen (compared to 95 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged 2.6 times that of the same period last year, reaching 13.5 billion yen. The operating profit margin jumped from 12.6% in the same period last year to 18.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2023	238,199	43,078	43,809	29,085	139.2	63.1	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	359,896	61,636	53,409	35,551	170.2	74.5	Nov 7, 2024	J-GAAP
Jan - Sep, 2025	298,833	50,601	41,453	29,515	141.8	52.8	Nov 13, 2025	J-GAAP
YoY	-17.0%	-17.9%	-22.4%	-17.0%	-16.7%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2025 Prev	294,207	51,967	46,088	34,451	166.0	49	Aug 8, 2025	J-GAAP
Jul - Dec, 2025 New	261,207	58,467	50,588	37,451	180.4	55	Nov 13, 2025	J-GAAP
Revision Rate	-11.2%	+12.5%	+9.8%	+8.7%	+8.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2025 Prev	503,000	86,000	74,000	55,000	264.9	97	Feb 12, 2025	J-GAAP
Dec, 2025 New	470,000	92,500	78,500	58,000	279.4	103	Nov 13, 2025	J-GAAP
Revision Rate	-6.6%	+7.6%	+6.1%	+5.5%	+5.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024	186,108	28,434	23,588	34,190	163.7	58	Feb 12, 2025	J-GAAP
Jul - Dec, 2025 Guidance	261,207	58,467	50,588	37,451	180.4	55	Nov 13, 2025	J-GAAP
YoY	+40.4%	+105.6%	+114.5%	+9.5%	+10.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	375,946	70,508	69,471	45,084	215.8	73	Feb 13, 2024	J-GAAP
Dec, 2024	463,724	79,670	71,722	65,882	315.5	95	Feb 12, 2025	J-GAAP
Dec, 2025 Guidance	470,000	92,500	78,500	58,000	279.4	103	Nov 13, 2025	J-GAAP
YoY	+1.4%	+16.1%	+9.5%	-12.0%	-11.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	82,280	10,400	5,275	3,859	18.5	12.6	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	103,828	18,034	18,313	30,331	145.3	17.4	Feb 12, 2025	J-GAAP
Jan - Mar, 2025	126,665	23,706	20,592	14,347	68.8	18.7	May 9, 2025	J-GAAP
Apr - Jun, 2025	82,128	10,327	7,320	6,202	29.8	12.6	Aug 8, 2025	J-GAAP
Jul - Sep, 2025	90,040	16,568	13,541	8,966	43.1	18.4	Nov 13, 2025	J-GAAP
YoY	+9.4%	+59.3%	+156.7%	+132.3%	+133.1%