Tokyo Tatemono Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Tokyo Tatemono (TSE:8804) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥82.3b (up 41% from 3Q 2023).
• Net income: JP¥3.86b (down 27% from 3Q 2023).
• Profit margin: 4.7% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: JP¥18.48 (down from JP¥25.22 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tokyo Tatemono Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 46%. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Real Estate industry in Japan.

Performance of the Japanese Real Estate industry.

The company's shares are up 4.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Tokyo Tatemono (1 is potentially serious!) that you need to take into consideration.

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