View ValuationTOC 将来の成長Future 基準チェック /46TOC利益と収益がそれぞれ年間26.5%と9.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に4.6% 26.5%なると予測されています。主要情報26.5%収益成長率26.45%EPS成長率Real Estate 収益成長1.6%収益成長率9.4%将来の株主資本利益率4.64%アナリストカバレッジLow最終更新日12 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Tomoe Komoriyama was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 12TOC Co., Ltd., Annual General Meeting, Jun 26, 2026TOC Co., Ltd., Annual General Meeting, Jun 26, 2026.お知らせ • May 10TOC Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026TOC Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 12, 2026Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Tomoe Komoriyama was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 26TOC Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026TOC Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026お知らせ • Sep 27TOC Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025TOC Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025お知らせ • Jul 16TOC Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025TOC Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025お知らせ • May 13TOC Co., Ltd., Annual General Meeting, Jun 27, 2025TOC Co., Ltd., Annual General Meeting, Jun 27, 2025.お知らせ • Apr 19TOC Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025TOC Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025お知らせ • Feb 04TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 5,000,000 shares, representing 5.37% for ¥3,345 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.37% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,345 million. The shares will be repurchased at a price of ¥669 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve capital efficiency. As of December 31, 2024, the company had 93,151,423 issued shares (excluding treasury stock) and 697,929 treasury shares.お知らせ • Jan 03TOC Co., Ltd. to Report Q3, 2025 Results on Feb 04, 2025TOC Co., Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Tomoe Komoriyama was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).Reported Earnings • Nov 17Second quarter 2025 earnings released: EPS: JP¥9.45 (vs JP¥56.40 in 2Q 2024)Second quarter 2025 results: EPS: JP¥9.45 (down from JP¥56.40 in 2Q 2024). Revenue: JP¥3.28b (down 1.9% from 2Q 2024). Net income: JP¥882.0m (down 83% from 2Q 2024). Profit margin: 27% (down from 158% in 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Sep 21TOC Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024TOC Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.4%).New Risk • Aug 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥4.12 (vs JP¥6.74 in 1Q 2024)First quarter 2025 results: EPS: JP¥4.12 (down from JP¥6.74 in 1Q 2024). Revenue: JP¥2.99b (down 14% from 1Q 2024). Net income: JP¥386.0m (down 39% from 1Q 2024). Profit margin: 13% (down from 18% in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Aug 06TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 500,000 shares, representing 0.53% for ¥310 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.53% of its issued share capital (excluding treasury stock), for a total purchase price of ¥310 million. The shares will be repurchased at a price of ¥619 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve capital efficiency. As of March 31, 2024, the company had 93,629,112 issued shares (excluding treasury stock) and 220,240 treasury shares.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €3.52, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 25% over the past three years.Buy Or Sell Opportunity • Jul 01Now 45% overvaluedOver the last 90 days, the stock has fallen 9.9% to €4.20. The fair value is estimated to be €2.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are forecast to decline by 7.3% per annum over the same time period.Buy Or Sell Opportunity • Jun 19Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €4.14. The fair value is estimated to be €3.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are forecast to decline by 7.3% per annum over the same time period.Buy Or Sell Opportunity • Jun 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to €4.14. The fair value is estimated to be €3.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are forecast to decline by 7.3% per annum over the same time period.Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥54.59 (vs JP¥34.27 in FY 2023)Full year 2024 results: EPS: JP¥54.59 (up from JP¥34.27 in FY 2023). Revenue: JP¥13.7b (down 13% from FY 2023). Net income: JP¥5.12b (up 57% from FY 2023). Profit margin: 37% (up from 21% in FY 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • May 16TOC Co., Ltd., Annual General Meeting, Jun 27, 2024TOC Co., Ltd., Annual General Meeting, Jun 27, 2024.お知らせ • May 03TOC Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024TOC Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.8%).Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥5.43 (vs JP¥8.00 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.43 (down from JP¥8.00 in 3Q 2023). Revenue: JP¥3.49b (down 12% from 3Q 2023). Net income: JP¥509.0m (down 33% from 3Q 2023). Profit margin: 15% (down from 19% in 3Q 2023). Revenue is expected to fall by 2.4% p.a. on average during the next 3 years compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Dec 28TOC Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024TOC Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥56.40 (vs JP¥10.62 in 2Q 2023)Second quarter 2024 results: EPS: JP¥56.40 (up from JP¥10.62 in 2Q 2023). Revenue: JP¥3.35b (down 17% from 2Q 2023). Net income: JP¥5.29b (up 424% from 2Q 2023). Revenue is expected to fall by 3.2% p.a. on average during the next 3 years compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Sep 28TOC Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023TOC Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.4%).Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥6.74 (vs JP¥10.94 in 1Q 2023)First quarter 2024 results: EPS: JP¥6.74 (down from JP¥10.94 in 1Q 2023). Revenue: JP¥3.48b (down 13% from 1Q 2023). Net income: JP¥636.0m (down 39% from 1Q 2023). Profit margin: 18% (down from 26% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 5.1% p.a. on average during the next 3 years compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 10Full year 2023 earnings released: EPS: JP¥34.27 (vs JP¥32.68 in FY 2022)Full year 2023 results: EPS: JP¥34.27 (up from JP¥32.68 in FY 2022). Revenue: JP¥15.7b (down 4.0% from FY 2022). Net income: JP¥3.26b (up 4.9% from FY 2022). Profit margin: 21% (up from 19% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 5.9% p.a. on average during the next 3 years compared to a 22% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.お知らせ • May 10TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 1,500,000 shares, representing 1.58% for ¥990 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.58% of its share capital, for ¥990 million. The shares will be repurchased at a price of ¥660 per share. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The share repurchase program will run until May 10, 2023 As of March 31, 2023, the company had 95,039,571 shares outstanding (excluding treasury shares) and 239,781 shares in treasury.Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.5%).Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥8.00 (vs JP¥10.36 in 3Q 2022)Third quarter 2023 results: EPS: JP¥8.00 (down from JP¥10.36 in 3Q 2022). Revenue: JP¥3.96b (down 1.5% from 3Q 2022). Net income: JP¥760.0m (down 23% from 3Q 2022). Profit margin: 19% (down from 25% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥10.62 (vs JP¥10.31 in 2Q 2022)Second quarter 2023 results: EPS: JP¥10.62 (up from JP¥10.31 in 2Q 2022). Revenue: JP¥4.05b (up 1.0% from 2Q 2022). Net income: JP¥1.01b (up 3.0% from 2Q 2022). Profit margin: 25% (in line with 2Q 2022). Revenue is expected to fall by 7.0% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Genta Torisu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥10.62 (vs JP¥10.31 in 2Q 2022)Second quarter 2023 results: EPS: JP¥10.62 (up from JP¥10.31 in 2Q 2022). Revenue: JP¥4.05b (up 1.0% from 2Q 2022). Net income: JP¥1.01b (up 3.0% from 2Q 2022). Profit margin: 25% (in line with 2Q 2022). Revenue is expected to fall by 7.0% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.お知らせ • Sep 29TOC Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022TOC Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%).Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥10.94 (vs JP¥0.19 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥10.94 (up from JP¥0.19 loss in 1Q 2022). Revenue: JP¥4.00b (down 1.2% from 1Q 2022). Net income: JP¥1.04b (up JP¥1.06b from 1Q 2022). Profit margin: 26% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the next year, revenue is expected to shrink by 6.3% compared to a 46% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Aug 03TOC Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022TOC Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improved over the past weekAfter last week's 17% share price gain to €5.25, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 1.1% over the past three years.お知らせ • May 12TOC Co., Ltd., Annual General Meeting, Jun 29, 2022TOC Co., Ltd., Annual General Meeting, Jun 29, 2022.Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥32.68 (vs JP¥43.20 in FY 2021)Full year 2022 results: EPS: JP¥32.68 (down from JP¥43.20 in FY 2021). Revenue: JP¥16.3b (up 1.6% from FY 2021). Net income: JP¥3.11b (down 25% from FY 2021). Profit margin: 19% (down from 26% in FY 2021). Over the next year, revenue is expected to shrink by 2.1% compared to a 41% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Genta Torisu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 08TOC Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022TOC Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%).Board Change • Mar 22Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Genta Torisu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 09Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥10.36 (down from JP¥12.43 in 3Q 2021). Revenue: JP¥4.02b (down 6.0% from 3Q 2021). Net income: JP¥984.0m (down 17% from 3Q 2021). Profit margin: 25% (down from 28% in 3Q 2021). Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 3.7% compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥10.31 (vs JP¥11.25 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.01b (down 3.6% from 2Q 2021). Net income: JP¥980.0m (down 9.0% from 2Q 2021). Profit margin: 24% (down from 26% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 08 December 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%).お知らせ • Aug 18TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 200,000 shares, representing 0.21% for ¥125.8 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.21% of its share capital, for ¥125.8 million. The company will repurchase its shares in order to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The share repurchase program will run until August 18, 2021. As of July 31, 2021, the company had 95,118,598 shares outstanding (excluding treasury shares) and 160,754 shares in treasury.Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥43.20 (vs JP¥46.41 in FY 2020)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥16.1b (down 13% from FY 2020). Net income: JP¥4.13b (down 7.7% from FY 2020). Profit margin: 26% (up from 24% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.0%).Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥12.43 (vs JP¥10.64 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥4.28b (down 5.8% from 3Q 2020). Net income: JP¥1.19b (up 16% from 3Q 2020). Profit margin: 28% (up from 23% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Is New 90 Day High Low • Feb 06New 90-day high: €5.85The company is up 11% from its price of €5.25 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period.お知らせ • Jan 23TOC Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021TOC Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021Is New 90 Day High Low • Jan 13New 90-day high: €5.80The company is up 12% from its price of €5.20 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is flat over the same period.Is New 90 Day High Low • Dec 17New 90-day high: €5.70The company is up 5.0% from its price of €5.45 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period.Is New 90 Day High Low • Nov 14New 90-day low: €5.05The company is down 8.0% from its price of €5.50 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period.Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JP¥11.25The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: JP¥4.16b (down 12% from 2Q 2020). Net income: JP¥1.08b (down 2.8% from 2Q 2020). Profit margin: 26% (up from 24% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Aug 30TOC Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020TOC Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020お知らせ • Aug 09TOC Co., Ltd. to Report Q1, 2021 Results on Aug 11, 2020TOC Co., Ltd. announced that they will report Q1, 2021 results on Aug 11, 2020業績と収益の成長予測DB:T3O - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202920,0005,200-6,7367,26413/31/202819,3004,400-7,4176,08313/31/202717,0003,100-2,4944,50613/31/202615,1552,3213,3495,731N/A12/31/202514,5781,802N/AN/AN/A9/30/202514,0081,4902,2454,858N/A6/30/202513,6241,815N/AN/AN/A3/31/202513,1521,787-1,015442N/A12/31/202413,062446N/AN/AN/A9/30/202413,166469-1,767-744N/A6/30/202413,2314,873N/AN/AN/A3/31/202413,7155,1231,5632,807N/A12/31/202313,9866,880N/AN/AN/A9/30/202314,4567,1311,3832,424N/A6/30/202315,1622,854N/AN/AN/A3/31/202315,6863,257-626921N/A12/31/202216,2673,968N/AN/AN/A9/30/202216,3294,192873,025N/A6/30/202216,2884,163N/AN/AN/A3/31/202216,3373,1062,8755,141N/A12/31/202116,2572,943N/AN/AN/A9/30/202116,5153,1494,8066,015N/A6/30/202116,6643,246N/AN/AN/A3/31/202116,0874,1311,9643,723N/A12/31/202016,3844,156N/AN/AN/A9/30/202016,6493,9901,0153,724N/A6/30/202017,1924,021N/AN/AN/A3/31/202018,3794,4764,6846,976N/A12/31/201918,6424,485N/AN/AN/A9/30/201918,6854,628N/A7,389N/A6/30/201918,5544,629N/AN/AN/A3/31/201918,3834,495N/A-3,165N/A12/31/201818,3184,550N/AN/AN/A9/30/201818,2835,330N/A-4,764N/A6/30/201818,1965,180N/AN/AN/A3/31/201818,67825,420N/A4,855N/A12/31/201719,61025,326N/AN/AN/A9/30/201720,59024,599N/A7,098N/A6/30/201721,51124,748N/AN/AN/A3/31/201721,8314,482N/A8,880N/A12/31/201621,7064,595N/AN/AN/A9/30/201621,6314,482N/A8,325N/A6/30/201621,4724,316N/AN/AN/A3/31/201621,4014,171N/A7,490N/A12/31/201521,1643,813N/AN/AN/A9/30/201520,8663,638N/A7,030N/A6/30/201520,5273,370N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: T3Oの予測収益成長率 (年間26.5% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: T3Oの収益 ( 26.5% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: T3Oの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: T3Oの収益 ( 9.4% ) German市場 ( 6.7% ) よりも速いペースで成長すると予測されています。高い収益成長: T3Oの収益 ( 9.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: T3Oの 自己資本利益率 は、3年後には低くなると予測されています ( 4.6 %)。成長企業の発掘7D1Y7D1Y7D1YReal-estate-management-and-development 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 23:25終値2026/06/10 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TOC Co., Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Daisuke FukushimaNomura Securities Co. Ltd.Sho SakabeNomura Securities Co. Ltd.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Tomoe Komoriyama was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 12TOC Co., Ltd., Annual General Meeting, Jun 26, 2026TOC Co., Ltd., Annual General Meeting, Jun 26, 2026.
お知らせ • May 10TOC Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026TOC Co., Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 12, 2026
Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Tomoe Komoriyama was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 26TOC Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026TOC Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026
お知らせ • Sep 27TOC Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025TOC Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025
お知らせ • Jul 16TOC Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025TOC Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025
お知らせ • May 13TOC Co., Ltd., Annual General Meeting, Jun 27, 2025TOC Co., Ltd., Annual General Meeting, Jun 27, 2025.
お知らせ • Apr 19TOC Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025TOC Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
お知らせ • Feb 04TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 5,000,000 shares, representing 5.37% for ¥3,345 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.37% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,345 million. The shares will be repurchased at a price of ¥669 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve capital efficiency. As of December 31, 2024, the company had 93,151,423 issued shares (excluding treasury stock) and 697,929 treasury shares.
お知らせ • Jan 03TOC Co., Ltd. to Report Q3, 2025 Results on Feb 04, 2025TOC Co., Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025
Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Tomoe Komoriyama was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Nov 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin).
Reported Earnings • Nov 17Second quarter 2025 earnings released: EPS: JP¥9.45 (vs JP¥56.40 in 2Q 2024)Second quarter 2025 results: EPS: JP¥9.45 (down from JP¥56.40 in 2Q 2024). Revenue: JP¥3.28b (down 1.9% from 2Q 2024). Net income: JP¥882.0m (down 83% from 2Q 2024). Profit margin: 27% (down from 158% in 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Sep 21TOC Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024TOC Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.4%).
New Risk • Aug 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥4.12 (vs JP¥6.74 in 1Q 2024)First quarter 2025 results: EPS: JP¥4.12 (down from JP¥6.74 in 1Q 2024). Revenue: JP¥2.99b (down 14% from 1Q 2024). Net income: JP¥386.0m (down 39% from 1Q 2024). Profit margin: 13% (down from 18% in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Aug 06TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 500,000 shares, representing 0.53% for ¥310 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.53% of its issued share capital (excluding treasury stock), for a total purchase price of ¥310 million. The shares will be repurchased at a price of ¥619 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve capital efficiency. As of March 31, 2024, the company had 93,629,112 issued shares (excluding treasury stock) and 220,240 treasury shares.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €3.52, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 25% over the past three years.
Buy Or Sell Opportunity • Jul 01Now 45% overvaluedOver the last 90 days, the stock has fallen 9.9% to €4.20. The fair value is estimated to be €2.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are forecast to decline by 7.3% per annum over the same time period.
Buy Or Sell Opportunity • Jun 19Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at €4.14. The fair value is estimated to be €3.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are forecast to decline by 7.3% per annum over the same time period.
Buy Or Sell Opportunity • Jun 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 2.0% to €4.14. The fair value is estimated to be €3.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are forecast to decline by 7.3% per annum over the same time period.
Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥54.59 (vs JP¥34.27 in FY 2023)Full year 2024 results: EPS: JP¥54.59 (up from JP¥34.27 in FY 2023). Revenue: JP¥13.7b (down 13% from FY 2023). Net income: JP¥5.12b (up 57% from FY 2023). Profit margin: 37% (up from 21% in FY 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • May 16TOC Co., Ltd., Annual General Meeting, Jun 27, 2024TOC Co., Ltd., Annual General Meeting, Jun 27, 2024.
お知らせ • May 03TOC Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024TOC Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.8%).
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥5.43 (vs JP¥8.00 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.43 (down from JP¥8.00 in 3Q 2023). Revenue: JP¥3.49b (down 12% from 3Q 2023). Net income: JP¥509.0m (down 33% from 3Q 2023). Profit margin: 15% (down from 19% in 3Q 2023). Revenue is expected to fall by 2.4% p.a. on average during the next 3 years compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Dec 28TOC Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024TOC Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024
Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥56.40 (vs JP¥10.62 in 2Q 2023)Second quarter 2024 results: EPS: JP¥56.40 (up from JP¥10.62 in 2Q 2023). Revenue: JP¥3.35b (down 17% from 2Q 2023). Net income: JP¥5.29b (up 424% from 2Q 2023). Revenue is expected to fall by 3.2% p.a. on average during the next 3 years compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Sep 28TOC Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023TOC Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.4%).
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥6.74 (vs JP¥10.94 in 1Q 2023)First quarter 2024 results: EPS: JP¥6.74 (down from JP¥10.94 in 1Q 2023). Revenue: JP¥3.48b (down 13% from 1Q 2023). Net income: JP¥636.0m (down 39% from 1Q 2023). Profit margin: 18% (down from 26% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 5.1% p.a. on average during the next 3 years compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 10Full year 2023 earnings released: EPS: JP¥34.27 (vs JP¥32.68 in FY 2022)Full year 2023 results: EPS: JP¥34.27 (up from JP¥32.68 in FY 2022). Revenue: JP¥15.7b (down 4.0% from FY 2022). Net income: JP¥3.26b (up 4.9% from FY 2022). Profit margin: 21% (up from 19% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 5.9% p.a. on average during the next 3 years compared to a 22% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year.
お知らせ • May 10TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 1,500,000 shares, representing 1.58% for ¥990 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.58% of its share capital, for ¥990 million. The shares will be repurchased at a price of ¥660 per share. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The share repurchase program will run until May 10, 2023 As of March 31, 2023, the company had 95,039,571 shares outstanding (excluding treasury shares) and 239,781 shares in treasury.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per share at 1.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.5%).
Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥8.00 (vs JP¥10.36 in 3Q 2022)Third quarter 2023 results: EPS: JP¥8.00 (down from JP¥10.36 in 3Q 2022). Revenue: JP¥3.96b (down 1.5% from 3Q 2022). Net income: JP¥760.0m (down 23% from 3Q 2022). Profit margin: 19% (down from 25% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥10.62 (vs JP¥10.31 in 2Q 2022)Second quarter 2023 results: EPS: JP¥10.62 (up from JP¥10.31 in 2Q 2022). Revenue: JP¥4.05b (up 1.0% from 2Q 2022). Net income: JP¥1.01b (up 3.0% from 2Q 2022). Profit margin: 25% (in line with 2Q 2022). Revenue is expected to fall by 7.0% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Genta Torisu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥10.62 (vs JP¥10.31 in 2Q 2022)Second quarter 2023 results: EPS: JP¥10.62 (up from JP¥10.31 in 2Q 2022). Revenue: JP¥4.05b (up 1.0% from 2Q 2022). Net income: JP¥1.01b (up 3.0% from 2Q 2022). Profit margin: 25% (in line with 2Q 2022). Revenue is expected to fall by 7.0% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.
お知らせ • Sep 29TOC Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022TOC Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022
Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%).
Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥10.94 (vs JP¥0.19 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥10.94 (up from JP¥0.19 loss in 1Q 2022). Revenue: JP¥4.00b (down 1.2% from 1Q 2022). Net income: JP¥1.04b (up JP¥1.06b from 1Q 2022). Profit margin: 26% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the next year, revenue is expected to shrink by 6.3% compared to a 46% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 03TOC Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022TOC Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment improved over the past weekAfter last week's 17% share price gain to €5.25, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 1.1% over the past three years.
お知らせ • May 12TOC Co., Ltd., Annual General Meeting, Jun 29, 2022TOC Co., Ltd., Annual General Meeting, Jun 29, 2022.
Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥32.68 (vs JP¥43.20 in FY 2021)Full year 2022 results: EPS: JP¥32.68 (down from JP¥43.20 in FY 2021). Revenue: JP¥16.3b (up 1.6% from FY 2021). Net income: JP¥3.11b (down 25% from FY 2021). Profit margin: 19% (down from 26% in FY 2021). Over the next year, revenue is expected to shrink by 2.1% compared to a 41% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Genta Torisu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 08TOC Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022TOC Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%).
Board Change • Mar 22Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Outside Director Genta Torisu was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 09Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥10.36 (down from JP¥12.43 in 3Q 2021). Revenue: JP¥4.02b (down 6.0% from 3Q 2021). Net income: JP¥984.0m (down 17% from 3Q 2021). Profit margin: 25% (down from 28% in 3Q 2021). Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 3.7% compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥10.31 (vs JP¥11.25 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.01b (down 3.6% from 2Q 2021). Net income: JP¥980.0m (down 9.0% from 2Q 2021). Profit margin: 24% (down from 26% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 08 December 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%).
お知らせ • Aug 18TOC Co., Ltd. (TSE:8841) announces an Equity Buyback for 200,000 shares, representing 0.21% for ¥125.8 million.TOC Co., Ltd. (TSE:8841) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.21% of its share capital, for ¥125.8 million. The company will repurchase its shares in order to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The share repurchase program will run until August 18, 2021. As of July 31, 2021, the company had 95,118,598 shares outstanding (excluding treasury shares) and 160,754 shares in treasury.
Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥43.20 (vs JP¥46.41 in FY 2020)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥16.1b (down 13% from FY 2020). Net income: JP¥4.13b (down 7.7% from FY 2020). Profit margin: 26% (up from 24% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.0%).
Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥12.43 (vs JP¥10.64 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥4.28b (down 5.8% from 3Q 2020). Net income: JP¥1.19b (up 16% from 3Q 2020). Profit margin: 28% (up from 23% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Is New 90 Day High Low • Feb 06New 90-day high: €5.85The company is up 11% from its price of €5.25 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period.
お知らせ • Jan 23TOC Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021TOC Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021
Is New 90 Day High Low • Jan 13New 90-day high: €5.80The company is up 12% from its price of €5.20 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is flat over the same period.
Is New 90 Day High Low • Dec 17New 90-day high: €5.70The company is up 5.0% from its price of €5.45 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Nov 14New 90-day low: €5.05The company is down 8.0% from its price of €5.50 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period.
Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JP¥11.25The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: JP¥4.16b (down 12% from 2Q 2020). Net income: JP¥1.08b (down 2.8% from 2Q 2020). Profit margin: 26% (up from 24% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 30TOC Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020TOC Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020
お知らせ • Aug 09TOC Co., Ltd. to Report Q1, 2021 Results on Aug 11, 2020TOC Co., Ltd. announced that they will report Q1, 2021 results on Aug 11, 2020