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Tokyo Tatemono

OTCPK:TYTM.F
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TYTM.F
OTCPK
¥262B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Tokyo Tatemono Co., Ltd. operates as a real estate company in Japan. The last earnings update was 9 days ago. More info.


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TYTM.F Share Price and Events
7 Day Returns
0%
OTCPK:TYTM.F
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
-
OTCPK:TYTM.F
-16.5%
US Real Estate
2.9%
US Market
TYTM.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tokyo Tatemono (TYTM.F) 0% 0% - - - 22.7%
US Real Estate -0.8% -6.9% -9.9% -16.5% 14.5% 1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on TYTM.F.
  • No trading data on TYTM.F.
Price Volatility
TYTM.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Tokyo Tatemono's competitors could be found in our database.

Value

 Is Tokyo Tatemono undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tokyo Tatemono to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tokyo Tatemono.

OTCPK:TYTM.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:TYTM.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 30.86%) (352.33%))
2.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:TYTM.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tokyo Tatemono is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:TYTM.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 14.65%)
2019 -19,709.00 Analyst x3 -17,190.58
2020 -10,905.80 Analyst x5 -8,296.78
2021 -3,660.83 Analyst x6 -2,429.17
2022 17,000.00 Analyst x1 9,839.04
2023 28,032.20 Est @ 64.9% 14,150.99
2024 40,995.90 Est @ 46.25% 18,050.78
2025 54,602.85 Est @ 33.19% 20,969.93
2026 67,736.32 Est @ 24.05% 22,689.72
2027 79,695.77 Est @ 17.66% 23,284.60
2028 90,198.18 Est @ 13.18% 22,985.67
Present value of next 10 years cash flows ¥104,054.21
OTCPK:TYTM.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥90,198.18 × (1 + 2.73%) ÷ (14.65% – 2.73%)
¥777,353.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥777,353.95 ÷ (1 + 14.65%)10
¥198,097.15
OTCPK:TYTM.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥104,054.21 + ¥198,097.15
¥302,151.35
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥302,151.35 / 209.01
¥1445.61
OTCPK:TYTM.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TYTM.F represents 0.00896x of TSE:8804
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00896x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,445.61 x 0.00896
$12.96
Value per share (USD) From above. $12.96
Current discount Discount to share price of $11.24
= -1 x ($11.24 - $12.96) / $12.96
13.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tokyo Tatemono is available for.
Intrinsic value
13%
Share price is $11.24 vs Future cash flow value of $12.96
Current Discount Checks
For Tokyo Tatemono to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tokyo Tatemono's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Tokyo Tatemono's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tokyo Tatemono's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tokyo Tatemono's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TYTM.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥100.87
TSE:8804 Share Price ** TSE (2019-04-23) in JPY ¥1254
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tokyo Tatemono.

OTCPK:TYTM.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8804 Share Price ÷ EPS (both in JPY)

= 1254 ÷ 100.87

12.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tokyo Tatemono is good value based on earnings compared to the US Real Estate industry average.
  • Tokyo Tatemono is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tokyo Tatemono's expected growth come at a high price?
Raw Data
OTCPK:TYTM.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
3.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.45x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:TYTM.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.43x ÷ 3.6%

3.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tokyo Tatemono is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tokyo Tatemono's assets?
Raw Data
OTCPK:TYTM.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,652.69
TSE:8804 Share Price * TSE (2019-04-23) in JPY ¥1254
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:TYTM.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8804 Share Price ÷ Book Value per Share (both in JPY)

= 1254 ÷ 1,652.69

0.76x

* Primary Listing of Tokyo Tatemono.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tokyo Tatemono is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Tokyo Tatemono's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Tokyo Tatemono has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tokyo Tatemono expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tokyo Tatemono expected to grow at an attractive rate?
  • Tokyo Tatemono's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tokyo Tatemono's earnings growth is positive but not above the United States of America market average.
  • Tokyo Tatemono's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TYTM.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TYTM.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 3.6%
OTCPK:TYTM.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TYTM.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TYTM.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 345,100 28,541 30,500 1
2022-12-31 339,223 28,441 31,297 4
2021-12-31 334,435 34,855 30,742 9
2020-12-31 327,033 27,257 28,955 9
2019-12-31 330,601 13,476 29,039 9
OTCPK:TYTM.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 268,721 21,810
2018-12-31 273,302 19,748 27,277
2018-09-30 312,765 36,284
2018-06-30 314,879 5,347 35,306
2018-03-31 312,851 35,457
2017-12-31 266,983 -14,196 22,599
2017-09-30 241,338 19,261
2017-06-30 241,399 24,106 20,701
2017-03-31 242,838 19,754
2016-12-31 254,498 38,783 19,742
2016-09-30 231,800 12,382
2016-06-30 240,376 46,188 10,341

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tokyo Tatemono's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Tokyo Tatemono's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TYTM.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Tokyo Tatemono Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TYTM.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 145.30 145.30 145.30 1.00
2022-12-31 152.07 164.40 145.30 3.00
2021-12-31 145.74 155.00 135.22 10.00
2020-12-31 137.48 148.30 125.37 10.00
2019-12-31 137.38 145.40 133.20 9.00
OTCPK:TYTM.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 100.87
2018-12-31 125.79
2018-09-30 167.30
2018-06-30 162.76
2018-03-31 163.44
2017-12-31 104.17
2017-09-30 88.78
2017-06-30 95.42
2017-03-31 91.06
2016-12-31 91.00
2016-09-30 57.07
2016-06-30 47.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tokyo Tatemono is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tokyo Tatemono's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tokyo Tatemono has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tokyo Tatemono performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tokyo Tatemono's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tokyo Tatemono's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Tokyo Tatemono's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tokyo Tatemono's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Tokyo Tatemono's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tokyo Tatemono Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TYTM.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 268,721.00 21,810.00 35,444.00
2018-12-31 273,302.00 27,277.00 34,402.00
2018-09-30 312,765.00 36,284.00 34,983.00
2018-06-30 314,879.00 35,306.00 35,441.00
2018-03-31 312,851.00 35,457.00 35,031.00
2017-12-31 266,983.00 22,599.00 33,130.00
2017-09-30 241,338.00 19,261.00 29,805.00
2017-06-30 241,399.00 20,701.00 28,721.00
2017-03-31 242,838.00 19,754.00 27,706.00
2016-12-31 254,498.00 19,742.00 27,701.00
2016-09-30 231,800.00 12,382.00 28,084.00
2016-06-30 240,376.00 10,341.00 26,892.00
2016-03-31 231,867.00 11,053.00 26,978.00
2015-12-31 260,012.00 16,359.00 28,237.00
2015-09-30 250,127.00 14,820.00 27,607.00
2015-06-30 246,516.00 19,857.00 27,721.00
2015-03-31 250,210.00 17,464.00 27,191.00
2014-12-31 237,049.00 82,944.00 25,793.00
2014-09-30 255,804.00 84,079.00 25,022.00
2014-06-30 247,320.00 79,656.00 24,664.00
2014-03-31 232,787.00 77,971.00 24,441.00
2013-12-31 220,026.00 10,121.00 24,633.00
2013-09-30 202,603.00 8,513.00 24,826.00
2013-06-30 194,893.00 4,703.00 24,728.00
2013-03-31 194,155.00 4,191.00 24,575.00
2012-12-31 194,161.00 10,243.00 22,883.00
2012-09-30 180,181.00 -62,068.00 21,874.00
2012-06-30 168,316.00 -62,128.00 21,514.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tokyo Tatemono has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tokyo Tatemono used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Tokyo Tatemono has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tokyo Tatemono's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tokyo Tatemono has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tokyo Tatemono's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tokyo Tatemono's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tokyo Tatemono is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tokyo Tatemono's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tokyo Tatemono's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tokyo Tatemono Company Filings, last reported 1 month ago.

OTCPK:TYTM.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 362,987.00 923,467.00 86,820.00
2018-12-31 356,577.00 853,374.00 31,716.00
2018-09-30 362,641.00 864,335.00 38,298.00
2018-06-30 363,344.00 854,777.00 56,156.00
2018-03-31 359,170.00 854,784.00 59,253.00
2017-12-31 353,418.00 809,385.00 45,149.00
2017-09-30 333,785.00 792,345.00 44,480.00
2017-06-30 332,821.00 760,464.00 41,733.00
2017-03-31 324,386.00 765,106.00 63,564.00
2016-12-31 325,592.00 721,746.00 46,251.00
2016-09-30 309,313.00 733,842.00 53,021.00
2016-06-30 306,744.00 743,538.00 65,381.00
2016-03-31 310,088.00 739,451.00 54,775.00
2015-12-31 312,529.00 700,990.00 47,247.00
2015-09-30 309,913.00 732,720.00 57,303.00
2015-06-30 310,756.00 744,960.00 54,231.00
2015-03-31 314,651.00 760,186.00 70,901.00
2014-12-31 305,807.00 744,754.00 86,918.00
2014-09-30 300,911.00 715,032.00 65,168.00
2014-06-30 297,466.00 738,847.00 65,652.00
2014-03-31 314,905.00 775,889.00 127,241.00
2013-12-31 262,275.00 430,434.00 52,272.00
2013-09-30 262,876.00 449,224.00 17,798.00
2013-06-30 242,600.00 472,030.00 27,259.00
2013-03-31 230,188.00 488,938.00 45,212.00
2012-12-31 212,490.00 474,553.00 39,473.00
2012-09-30 210,331.00 499,024.00 19,296.00
2012-06-30 209,840.00 487,940.00 14,802.00
  • Tokyo Tatemono's level of debt (254.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (246.4% vs 254.4% today).
  • Debt is not well covered by operating cash flow (2.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.8x coverage).
X
Financial health checks
We assess Tokyo Tatemono's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tokyo Tatemono has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tokyo Tatemono's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.03%
Current annual income from Tokyo Tatemono dividends. Estimated to be 3.2% next year.
If you bought $2,000 of Tokyo Tatemono shares you are expected to receive $61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tokyo Tatemono's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Tokyo Tatemono's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TYTM.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TYTM.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 40.00 1.00
2022-12-31 43.33 3.00
2021-12-31 41.56 9.00
2020-12-31 39.44 9.00
2019-12-31 38.00 7.00
OTCPK:TYTM.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-03-27 38.000 2.999
2019-02-05 38.000 2.892
2018-11-09 32.000 2.616
2018-08-09 32.000 2.490
2018-08-02 32.000 2.276
2018-03-28 32.000 2.074
2018-02-05 32.000 1.947
2017-05-11 28.000 1.845
2017-05-08 28.000 1.789
2017-03-29 28.000 1.873
2017-02-06 28.000 1.795
2016-05-09 20.000 1.503
2016-03-29 20.000 1.402
2016-02-08 20.000 1.514
2015-11-12 16.000 1.209
2015-11-06 16.000 1.085
2015-08-13 16.000 1.065
2015-08-07 16.000 0.933
2015-05-08 16.000 0.908
2015-03-26 16.000 0.902
2015-02-12 16.000 0.896
2014-11-13 12.000 0.673
2014-11-07 12.000 0.635
2014-08-13 12.000 0.690
2014-08-08 12.000 0.716
2014-05-09 12.000 0.655
2014-03-28 12.000 0.718
2014-02-12 12.000 0.700
2013-11-08 8.000 0.390
2013-08-07 8.000 0.448
2013-05-10 8.000 0.484
2013-03-28 8.000 0.469
2013-02-13 8.000 0.751
2012-11-08 10.000 1.330
2012-08-06 10.000 1.677
2012-05-10 10.000 1.851
2012-02-14 10.000 1.598
2011-11-11 0.000 0.000
2011-11-08 0.000 0.000
2011-08-11 0.000 0.000
2011-08-03 0.000 0.000
2011-05-10 16.000 2.731
2011-02-14 16.000 2.470
2010-11-12 16.000 2.180
2010-11-09 16.000 2.428
2010-08-13 16.000 2.503
2010-07-30 16.000 2.720
2010-04-30 16.000 2.566
2010-03-30 16.000 2.106
2010-02-12 16.000 2.454
2009-11-13 20.000 2.931
2009-10-30 20.000 2.307
2009-08-14 20.000 2.068
2009-07-31 20.000 2.118

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tokyo Tatemono's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tokyo Tatemono's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tokyo Tatemono afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tokyo Tatemono has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tokyo Tatemono's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hitoshi Nomura
AGE 60
TENURE AS CEO 2.3 years
CEO Bio

Mr. Hitoshi Nomura has been Chief Executive Officer and President of Tokyo Tatemono Co., Ltd since January 1, 2019 and is its Representative Director since March 2008. He joined Tokyo Tatemono Co., Ltd. (the “Company”) in April 1981. He holds Graduated from the Faculty of Commerce, Waseda University in March 1981. He was General Manager of Property Management Department of Tokyo Tatemono Co., Ltd since March 2005 and was its General Manager of Property Planning Department since March 2008. He was Managing Director and responsible for Kansai Branch and Kyushu Branch and Division Director of Commercial Properties Division of Tokyo Tatemono Co., Ltd since March 2011, Executive Managing Officer, Director responsible for Kansai Branch, Sapporo Branch, Kyushu Branch, and Nagoya Branch, and Division Director of Commercial Properties Division since March 2013, Senior Executive Managing Officer and Director responsible for Personnel Department, Corporate Planning Department, and General Affairs Department since March 2015.

CEO Compensation
  • Insufficient data for Hitoshi to compare compensation growth.
  • Insufficient data for Hitoshi to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tokyo Tatemono management team in years:

2.3
Average Tenure
55
Average Age
  • The tenure for the Tokyo Tatemono management team is about average.
Management Team

Hitoshi Nomura

TITLE
President
AGE
60
TENURE
2.3 yrs

Katsuhito Ozawa

TITLE
Executive Managing Officer
AGE
54

Yoshinaga Nomura

TITLE
General Manager

Kengo Fukui

TITLE
Senior Executive Managing Officer & Director
AGE
61

Akita Hideo

TITLE
Managing Executive Officer & Head of Housing Business Division

Yasushi Suzuki

TITLE
Managing Officer

Yoshihiro Jozaki

TITLE
Managing Officer

Masami Tashiro

TITLE
Managing Officer

Akira Izumi

TITLE
Executive Managing Officer & Director
AGE
53
TENURE
2.3 yrs

Hisatoshi Kato

TITLE
Executive Managing Officer & Director
AGE
55
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Tokyo Tatemono board of directors in years:

1.7
Average Tenure
60.5
Average Age
  • The average tenure for the Tokyo Tatemono board of directors is less than 3 years, this suggests a new board.
Board of Directors

Makio Tanehashi

TITLE
Chairman
AGE
61
TENURE
0.2 yrs

Hitoshi Nomura

TITLE
President
AGE
60
TENURE
11.2 yrs

Katsuhito Ozawa

TITLE
Executive Managing Officer
AGE
54
TENURE
2.2 yrs

Kengo Fukui

TITLE
Senior Executive Managing Officer & Director
AGE
61
TENURE
4.3 yrs

Akira Izumi

TITLE
Executive Managing Officer & Director
AGE
53
TENURE
2.2 yrs

Hisatoshi Kato

TITLE
Executive Managing Officer & Director
AGE
55
TENURE
0.2 yrs

Hideshi Akita

TITLE
Executive Managing Officer & Director
AGE
54
TENURE
0.2 yrs

Shuichi Hattori

TITLE
External Director
AGE
65
TENURE
0.2 yrs

Yoshiyuki Imai

TITLE
External Director
AGE
62
TENURE
2.2 yrs

Yoshimitsu Onji

TITLE
External Director
AGE
64
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Tokyo Tatemono's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tokyo Tatemono has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tokyo Tatemono Co., Ltd. operates as a real estate company in Japan. The company operates through three segments: Commercial Properties, Residence, and Real Estate Solution Services. The Commercial Properties segment leases and manages office buildings and commercial facilities. The Residence segment develops and sells condominiums and detached houses; and leases and manages condominiums. The Real Estate Solution Services segment sells real estate properties; and provides brokerage, real estate appraisal, and consulting services, as well as engages in parking lot operations. The company also engages in the leisure business, which include management and operation of hotels and resort facilities, golf courses, and spas. In addition, it is involved in the operation, management, and renovation of buildings. Tokyo Tatemono Co., Ltd. was founded in 1896 and is headquartered in Tokyo, Japan.

Details
Name: Tokyo Tatemono Co., Ltd.
TYTM.F
Exchange: OTCPK
Founded: 1896
¥2,375,303,708
209,013,467
Website: http://www.tatemono.com
Address: Tokyo Tatemono Co., Ltd.
1-9-9 Yaesu,
Chuo-ku,
Tokyo,
103-8285,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8804 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK TYTM.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB T6R Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
5,010
Tokyo Tatemono employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 05:26
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.