Tosei Future Growth

Future criteria checks 2/6

Tosei is forecast to grow earnings and revenue by 4.6% and 13.8% per annum respectively. EPS is expected to grow by 4.6% per annum. Return on equity is forecast to be 13% in 3 years.

Key information

4.6%

Earnings growth rate

4.6%

EPS growth rate

Real Estate earnings growth	6.0%
Revenue growth rate	13.8%
Future return on equity	13.0%
Analyst coverage	Low
Last updated	16 Oct 2024

Recent future growth updates

Tosei Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Oct 09

Recent updates

Tosei (TSE:8923) Is Increasing Its Dividend To ¥77.00

Oct 21

Tosei Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Oct 09

Tosei (TSE:8923) Has Announced That It Will Be Increasing Its Dividend To ¥73.00

Jul 26

Tosei (TSE:8923) Is Increasing Its Dividend To ¥73.00

Jul 12

Tosei (TSE:8923) Takes On Some Risk With Its Use Of Debt

Mar 19

Earnings and Revenue Growth Forecasts

TSE:8923 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
11/30/2026	109,267	13,167	945	6,139	3
11/30/2025	99,325	12,500	-2,218	8,920	4
11/30/2024	82,458	11,774	-125	6,606	4
8/31/2024	82,156	12,377	-6,269	-5,893	N/A
5/31/2024	84,203	12,401	-3,224	-2,741	N/A
2/29/2024	83,263	12,526	7,955	8,435	N/A
11/30/2023	79,446	10,507	5,274	5,722	N/A
8/31/2023	82,731	10,796	8,148	8,472	N/A
5/31/2023	80,263	10,664	6,143	6,343	N/A
2/28/2023	75,690	9,399	3,192	3,354	N/A
11/30/2022	70,953	8,607	-365	-197	N/A
8/31/2022	64,348	6,820	-1,577	-1,379	N/A
5/31/2022	64,346	6,708	-80	129	N/A
2/28/2022	62,940	7,267	-354	644	N/A
11/30/2021	61,726	6,721	-39	975	N/A
8/31/2021	59,942	8,211	4,866	5,828	N/A
5/31/2021	59,822	8,575	12,980	13,902	N/A
2/28/2021	65,573	3,094	15,718	16,006	N/A
11/30/2020	63,940	3,602	12,191	12,510	N/A
8/31/2020	71,295	3,266	9,726	10,057	N/A
5/31/2020	71,325	4,355	2,763	3,057	N/A
2/29/2020	67,137	9,999	9,134	9,264	N/A
11/30/2019	60,728	8,447	-3,892	-3,800	N/A
8/31/2019	61,977	7,857	2,294	2,383	N/A
5/31/2019	63,476	7,640	8,465	8,569	N/A
2/28/2019	60,293	6,040	-3,392	-3,266	N/A
11/30/2018	61,543	6,852	7,510	7,615	N/A
8/31/2018	61,084	7,045	3,856	3,960	N/A
5/31/2018	63,914	6,676	N/A	4,192	N/A
2/28/2018	61,387	6,502	N/A	9,795	N/A
11/30/2017	57,754	6,155	N/A	7,089	N/A
8/31/2017	52,657	5,923	N/A	-2,108	N/A
5/31/2017	45,523	4,735	N/A	-4,105	N/A
2/28/2017	50,968	5,436	N/A	-2,243	N/A
11/30/2016	49,818	5,547	N/A	-7,472	N/A
8/31/2016	54,518	6,465	N/A	6,457	N/A
5/31/2016	51,318	6,225	N/A	52	N/A
2/29/2016	45,008	5,356	N/A	-7,136	N/A
11/30/2015	43,006	4,135	N/A	-4,443	N/A
8/31/2015	50,517	4,091	N/A	4,140	N/A
5/31/2015	51,866	4,239	N/A	4,524	N/A
2/28/2015	50,167	3,392	N/A	2,751	N/A
11/30/2014	49,981	2,874	N/A	344	N/A
8/31/2014	33,064	1,914	N/A	-16,857	N/A
5/31/2014	32,438	1,830	N/A	-12,592	N/A
2/28/2014	30,908	2,009	N/A	-7,921	N/A
11/30/2013	35,070	2,003	N/A	2,772	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8923's forecast earnings growth (4.6% per year) is above the savings rate (0.3%).

Earnings vs Market: 8923's earnings (4.6% per year) are forecast to grow slower than the JP market (8.8% per year).

High Growth Earnings: 8923's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8923's revenue (13.8% per year) is forecast to grow faster than the JP market (4.2% per year).

High Growth Revenue: 8923's revenue (13.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 8923's Return on Equity is forecast to be low in 3 years time (13%).

Tosei Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Tosei Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Tosei Corporation Revises Consolidated and Non-Consolidated Earnings Guidance for Fiscal Year Ending November 30, 2023

Tosei Corporation Revises Non Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2023

Price target increased by 22% to JP¥2,250

Tosei Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2023

Tosei Corporation Revises Consolidated and Non Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2022

Recent updates

Tosei (TSE:8923) Is Increasing Its Dividend To ¥77.00

Tosei Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Tosei (TSE:8923) Ticks All The Boxes When It Comes To Earnings Growth

Tosei (TSE:8923) Is Increasing Its Dividend To ¥73.00

Tosei Corporation to Report Fiscal Year 2024 Results on Jan 10, 2025

Insufficient Growth At Tosei Corporation (TSE:8923) Hampers Share Price

Investor sentiment deteriorates as stock falls 23%

Tosei (TSE:8923) Has Announced That It Will Be Increasing Its Dividend To ¥73.00

Tosei (TSE:8923) Is Increasing Its Dividend To ¥73.00

Dividend of JP¥73.00 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter 2024 earnings released: EPS: JP¥133 (vs JP¥93.53 in 1Q 2023)

Tosei (TSE:8923) Takes On Some Risk With Its Use Of Debt

Tosei Corporation Announces the Resignation of Directors

Tosei Corporation Announces the Resignation of Directors

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Tosei Corporation to Report Q3, 2024 Results on Oct 07, 2024

Electrolux Professional AB (publ) (OM:EPRO B) completed the acquisition of Tosei Corporation (TSE:8923) from Marunouchi Capital Fund 2 managed by Marunouchi Capital Inc. and Marunouchi Global Fund II.

Tosei Corporation Revises Consolidated and Non-Consolidated Earnings Guidance for Fiscal Year Ending November 30, 2023

Upcoming dividend of JP¥64.00 per share at 3.1% yield

Tosei Corporation Revises Non Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2023

Third quarter 2023 earnings: EPS misses analyst expectations

Tosei Corporation to Report Fiscal Year 2023 Results on Jan 12, 2024

Price target increased by 22% to JP¥2,250

Less than half of directors are independent

Tosei Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2023

Tosei Corporation Announces Establishment of Subsidiary and Business Succession Through Absorption-Type Company Split

First quarter 2023 earnings released: EPS: JP¥93.53 (vs JP¥76.09 in 1Q 2022)

Now 22% undervalued

Now 21% undervalued

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 22% undervalued

Tosei Corporation to Report Q2, 2023 Results on Jul 05, 2023

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Tosei Corporation, Annual General Meeting, Feb 24, 2023

Upcoming dividend of JP¥51.00 per share

Less than half of directors are independent

Tosei Corporation Revises Consolidated and Non Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2022

Tosei Corporation to Report Fiscal Year 2022 Results on Jan 12, 2023

Third quarter 2022 earnings released: EPS: JP¥22.59 (vs JP¥20.46 in 3Q 2021)

Tosei Corporation to Report Q3, 2022 Results on Oct 05, 2022

Second quarter 2022 earnings released: EPS: JP¥52.40 (vs JP¥64.74 in 2Q 2021)

Tosei Corporation (TSE:8923) announces an Equity Buyback for 600,000 shares, representing 1.27% for ¥500 million.

Tosei Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2022

Less than half of directors are independent

Tosei Corp Ordinary Shares to Be Deleted from Other OTC

Tosei Corporation to Report Q2, 2022 Results on Jul 05, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Tosei Corporation Provides Year-End Dividend Guidance for the Fiscal Year Ending November 30, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Tosei Corporation to Report Q1, 2022 Results on Apr 05, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Tosei Corporation Provides Consolidated and Non- Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2022

Upcoming dividend of JP¥38.00 per share

Third quarter 2021 earnings released: EPS JP¥20.46 (vs JP¥27.98 in 3Q 2020)

Tosei Corporation (TSE : 8923) agreed to acquire ICOMPANY, Inc. from Hirotoshi Deguchi.

Second quarter 2021 earnings released: EPS JP¥64.75 (vs JP¥51.36 loss in 2Q 2020)

Tosei Corporation Revises Consolidated and Non Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2021

First quarter 2021 earnings released: EPS JP¥65.31 (vs JP¥75.37 in 1Q 2020)

Tosei Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending November 30, 2021

Full year 2020 earnings released: EPS JP¥76.04 (vs JP¥176 in FY 2019)

Earnings beat expectations, revenue disappoints

Full-Time Outside Audit & Supervisory Board Member has left the company

Tosei Corporation to Report Q1, 2021 Results on Apr 05, 2021

Earnings beat expectations, revenue disappoints

New 90-day low: JP¥1,038

Full year 2020 earnings released: EPS JP¥76.05

Tosei Corporation, Annual General Meeting, Feb 25, 2021