View ValuationTOC 향후 성장Future 기준 점검 4/6TOC (는) 각각 연간 26.5% 및 9.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 26.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 4.6% 로 예상됩니다.핵심 정보26.5%이익 성장률26.45%EPS 성장률Real Estate 이익 성장0.3%매출 성장률9.4%향후 자기자본이익률4.64%애널리스트 커버리지Low마지막 업데이트12 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent 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.공시 • May 12TOC Co., Ltd., Annual General Meeting, Jun 26, 2026TOC Co., Ltd., Annual General Meeting, Jun 26, 2026.공시 • 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.공시 • 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, 2026공시 • 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, 2025공시 • 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, 2025공시 • May 13TOC Co., Ltd., Annual General Meeting, Jun 27, 2025TOC Co., Ltd., Annual General Meeting, Jun 27, 2025.공시 • 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, 2025공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • May 16TOC Co., Ltd., Annual General Meeting, Jun 27, 2024TOC Co., Ltd., Annual General Meeting, Jun 27, 2024.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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.공시 • 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.공시 • 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, 2020공시 • 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, 2020이익 및 매출 성장 예측DB:T3O - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/202920,0005,200-6,7367,26413/31/202819,3004,400-7,4176,08313/31/202717,0003,100-2,4944,50613/31/202615,1552,3213,3495,731N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: T3O 의 연간 예상 수익 증가율(26.5%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: T3O 의 연간 수익(26.5%)이 German 시장(17.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: T3O 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: T3O 의 수익(연간 9.4%)이 German 시장(연간 6.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: T3O 의 수익(연간 9.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: T3O의 자본 수익률은 3년 후 4.6%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate-management-and-development 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 11:29종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TOC Co., Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Daisuke 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.
공시 • May 12TOC Co., Ltd., Annual General Meeting, Jun 26, 2026TOC Co., Ltd., Annual General Meeting, Jun 26, 2026.
공시 • 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.
공시 • 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
공시 • 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
공시 • 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
공시 • May 13TOC Co., Ltd., Annual General Meeting, Jun 27, 2025TOC Co., Ltd., Annual General Meeting, Jun 27, 2025.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • May 16TOC Co., Ltd., Annual General Meeting, Jun 27, 2024TOC Co., Ltd., Annual General Meeting, Jun 27, 2024.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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