Reported Earnings • Aug 05
First quarter 2027 earnings released: EPS: JP¥10.11 (vs JP¥4.69 in 1Q 2026) First quarter 2027 results: EPS: JP¥10.11 (up from JP¥4.69 in 1Q 2026). Revenue: JP¥4.04b (up 17% from 1Q 2026). Net income: JP¥892.0m (up 116% from 1Q 2026). Profit margin: 22% (up from 12% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% 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 fallen by 41% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Jul 10
TOC Co., Ltd. to Report Q1, 2027 Results on Aug 04, 2026 TOC Co., Ltd. announced that they will report Q1, 2027 results on Aug 04, 2026 Board Change • May 20
Less than half of directors are independent Following 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. Aankondiging • May 12
TOC Co., Ltd., Annual General Meeting, Jun 26, 2026 TOC Co., Ltd., Annual General Meeting, Jun 26, 2026. Aankondiging • May 10
TOC Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 TOC 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 30
Less than half of directors are independent Following 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. Aankondiging • Dec 26
TOC Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 TOC Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Aankondiging • Sep 27
TOC Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 TOC Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Aankondiging • Jul 16
TOC Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025 TOC Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025 Aankondiging • May 13
TOC Co., Ltd., Annual General Meeting, Jun 27, 2025 TOC Co., Ltd., Annual General Meeting, Jun 27, 2025. Aankondiging • Apr 19
TOC Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 TOC Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Aankondiging • Feb 04
TOC 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. Aankondiging • Jan 03
TOC Co., Ltd. to Report Q3, 2025 Results on Feb 04, 2025 TOC Co., Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025 Board Change • Dec 30
Less than half of directors are independent Following 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 17
New minor risk - Profit margin trend The 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 17
Second 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. Aankondiging • Sep 21
TOC Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 TOC Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible 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 11
New minor risk - Share price stability The 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 09
First 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. Aankondiging • Aug 06
TOC 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 05
Investor 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 01
Now 45% overvalued Over 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 19
Now 22% overvalued The 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 10
Now 20% overvalued after recent price rise Over 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 19
Full 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. Aankondiging • May 16
TOC Co., Ltd., Annual General Meeting, Jun 27, 2024 TOC Co., Ltd., Annual General Meeting, Jun 27, 2024. Aankondiging • May 03
TOC Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 TOC Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible 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 08
Third 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. Aankondiging • Dec 28
TOC Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 TOC Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second 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. Aankondiging • Sep 28
TOC Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 TOC Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥5.00 per share at 1.6% yield Eligible 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 09
First 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 10
Full 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. Aankondiging • May 10
TOC 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 23
Upcoming dividend of JP¥5.00 per share at 1.6% yield Eligible 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 10
Third 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 16
Second 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 16
Less than half of directors are independent There 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 10
Second 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. Aankondiging • Sep 29
TOC Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022 TOC Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible 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 11
First 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. Aankondiging • Aug 03
TOC Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 TOC Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After 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. Aankondiging • May 12
TOC Co., Ltd., Annual General Meeting, Jun 29, 2022 TOC Co., Ltd., Annual General Meeting, Jun 29, 2022. Reported Earnings • May 11
Full 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 27
Less than half of directors are independent No 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. Aankondiging • Apr 08
TOC Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 TOC Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible 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 22
Less than half of directors are independent No 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 09
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third 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 10
Second 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 22
Upcoming dividend of JP¥5.00 per share Eligible 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%). Aankondiging • Aug 18
TOC 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 14
Full 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 23
Upcoming dividend of JP¥5.00 per share Eligible 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 12
Third 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 06
New 90-day high: €5.85 The 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. Aankondiging • Jan 23
TOC Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 TOC Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Jan 13
New 90-day high: €5.80 The 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 17
New 90-day high: €5.70 The 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 14
New 90-day low: €5.05 The 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 11
Second quarter 2021 earnings released: EPS JP¥11.25 The 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. Aankondiging • Aug 30
TOC Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 TOC Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Aankondiging • Aug 09
TOC Co., Ltd. to Report Q1, 2021 Results on Aug 11, 2020 TOC Co., Ltd. announced that they will report Q1, 2021 results on Aug 11, 2020