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Tokyu Fudosan Holdings
(3289)
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Rating:62Neutral
Price Target:
¥1,400.00
▼(-0.14% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily driven by solid earnings and margin improvement, tempered by high leverage and uneven free-cash-flow generation. Valuation and dividend yield are supportive, while technical indicators are broadly neutral with slightly negative momentum.
Positive Factors
Steady revenue growth and margin expansion
Sustained revenue growth alongside materially higher net margins indicates improving earnings power. If maintained, this combination can strengthen internal funding capacity and provide resilience across the group’s development and operating businesses.
Negative Factors
Meaningful structural leverage
High leverage is common in real estate but still limits financial flexibility. Higher refinancing costs, weaker property values, or softer cash generation could pressure coverage, constrain investment capacity, and increase sensitivity to credit conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth and margin expansion
Sustained revenue growth alongside materially higher net margins indicates improving earnings power. If maintained, this combination can strengthen internal funding capacity and provide resilience across the group’s development and operating businesses.
Read all positive factors
Tokyu Fudosan Holdings (3289) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥962.45B
Dividend Yield3.61%
Average Volume (3M)2.33M
Price to Earnings (P/E)10.4
Beta (1Y)0.65
Revenue Growth6.21%
EPS Growth2.93%
CountryJP
Employees21,036
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)135.38
Shares Outstanding719,831,000
10 Day Avg. Volume2,020,730
30 Day Avg. Volume2,328,523
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.05
Price to Sales (P/S)0.76
P/FCF Ratio34.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,458.33Price Target Upside4.02% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)145.88
Revenue Forecast (FY)¥1.41T
Tokyu Fudosan Holdings Business Overview & Revenue Model
Company Description
Tokyu Fudosan Holdings Corporation, an international real estate enterprise headquartered in Tokyo, Japan, conducts its extensive operations through several subsidiaries. Its business is structured across four primary divisions: Urban Development,...
How the Company Makes Money
Tokyu Fudosan Holdings makes money primarily through a mix of (1) development profits, (2) recurring rental/operating income from owned real estate, and (3) fees from management and related services.
1) Real estate development and sales (developm...
Tokyu Fudosan Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.25T | 1.15T | 1.10T | 1.01T | 989.05B |
| Gross Profit | 211.69B | 189.53B | 166.36B | 147.40B | 145.18B |
| EBITDA | 241.86B | 192.12B | 164.68B | 130.65B | 115.68B |
| Net Income | 96.70B | 77.56B | 68.55B | 48.23B | 35.13B |
Balance Sheet | |||||
| Total Assets | 3.42T | 3.26T | 3.03T | 2.74T | 2.63T |
| Cash, Cash Equivalents and Short-Term Investments | 213.85B | 182.24B | 263.19B | 186.01B | 177.60B |
| Total Debt | 1.83T | 1.75T | 1.61T | 1.48T | 1.42T |
| Total Liabilities | 2.50T | 2.42T | 2.26T | 2.04T | 1.99T |
| Stockholders Equity | 898.08B | 822.52B | 750.15B | 684.63B | 631.79B |
Cash Flow | |||||
| Free Cash Flow | 27.47B | -23.10B | -88.85B | 10.11B | 30.19B |
| Operating Cash Flow | 129.48B | 47.43B | 156.47B | 94.74B | 76.45B |
| Investing Cash Flow | -164.20B | -139.38B | -171.37B | -107.00B | -30.98B |
| Financing Cash Flow | 55.58B | 871.00M | 90.95B | 29.71B | -82.08B |
Tokyu Fudosan Holdings Technical Analysis
Positive
1402.00
Price Trends
1319.21
Positive
1327.91
Positive
1367.65
Negative
Market Momentum
5.23
Negative
52.99
Neutral
69.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3289, the sentiment is Positive. The current price of 1402 is above the 20-day moving average (MA) of 1323.05, above the 50-day MA of 1319.21, and above the 200-day MA of 1367.65, indicating a neutral trend. The MACD of 5.23 indicates Negative momentum. The RSI at 52.99 is Neutral, neither overbought nor oversold. The STOCH value of 69.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3289.
Tokyu Fudosan Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥1.14T | 11.22 | 20.50% | 4.58% | 5.93% | 5.17% | |
66 Neutral | ¥929.13B | 8.05 | 20.25% | 2.32% | 5.94% | 21.18% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥962.45B | 10.36 | 11.33% | 3.42% | 6.21% | 2.93% | |
58 Neutral | ¥159.61B | 15.27 | 8.95% | 3.39% | 9.27% | 7.27% | |
56 Neutral | ¥4.12T | 18.28 | 8.63% | 2.26% | -9.76% | -24.08% | |
54 Neutral | ¥4.46T | 16.22 | 8.71% | 1.15% | 17.30% | 50.77% |
* Real Estate Sector Average
JP:3289
Tokyu Fudosan Holdings
1,330.50
180.92
15.74%
JP:1878
Daito Construction
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341.22
11.33%
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Mitsubishi Estate Company
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706.56
22.64%
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Mitsui Fudosan Co
1,540.00
1.79
0.12%
JP:3288
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558.00
7.54%
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209.41
9.62%
Tokyu Fudosan Holdings Corporate Events
Tokyu Fudosan Launches Share-Based Pay Plan for Subsidiary Directors via New Trust
Aug 6, 2026
Tokyu Fudosan Holdings has approved detailed terms for a new share-based compensation plan for directors of six wholly owned subsidiaries, using a trust structure funded by the parent company. The plan excludes directors already covered by the par...
Tokyu Fudosan Lifts Profit Outlook Despite First-Quarter Earnings Dip
Aug 6, 2026
Tokyu Fudosan Holdings reported consolidated operating revenue of ¥285.8 billion for the first quarter of fiscal 2026, down 0.8% year on year, while operating profit rose 12.7% to ¥46.6 billion and ordinary profit increased 8.6% to ¥...
Tokyu Fudosan Affirms Independence as Key Tokyu Group Real Estate Arm
Jun 29, 2026
Tokyu Fudosan Holdings, an affiliated company within the Tokyu Group in Japan’s real estate sector, maintains close operational ties with its parent-related entity Tokyu Corporation while emphasizing its own independent management. The compa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.