TokenTOKEN CORPORATION1766東証プライム建設業FY ending Apr 2026, consolidated, J-GAAP

Token FY ending Apr 2026 results

About 57% of Token's sales come from Leasing, with Construction and Other making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +5.4% from the prior year, operating profit +0.5%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +5.4% · profit +0.5%, calculated from disclosed figures.

Operating leverage: 0.10× (profit growth ÷ revenue growth)

What changed from last year

FY ending Apr 2025 → FY ending Apr 2026

Revenue: +5.4%¥366.6B → ¥386.5B
Gross profit: +5.0%¥63.5B → ¥66.7B
Operating income: +0.5%¥22.3B → ¥22.4B
Net income attributable to owners: +2.4%¥15.8B → ¥16.2B
Operating cash flow: -13.9%¥22.7B → ¥19.6B
Free cash flow: -22.6%¥19.9B → ¥15.4B

Results at a glance

Revenue for the FY ending Apr 2026 rose +5.4%, from ¥366.6B to ¥386.5B.
Gross profit grew +5.0% to ¥66.7B, but operating income edged up only +0.5% to ¥22.4B; net income rose +2.4% to ¥16.2B.
Cash generation weakened: operating cash flow fell -13.9% to ¥19.6B and free cash flow fell -22.6% to ¥15.4B.

What drove the change

Orders won in the prior year turned into completed construction, lifting construction sales
More properties under its master-lease program brought in more rent and management fees
Spending on hiring sales staff and on advertising raised SG&A, eating up most of the gain in gross profit

Things to watch

If higher material and labor costs cannot be passed on to clients, construction profits may shrink
Changes in jobs, land prices, interest rates or housing tax rules could hurt new orders
Shifts in bank lending or interest rates could lead clients to cancel orders before construction starts

有価証券報告書－第50期(2025/05/01－2026/04/30) / Management's analysis of financial position, operating results and cash flows · 有価証券報告書－第50期(2025/05/01－2026/04/30) / Business risks

Where the money goes

FY ending Apr 2025 → FY ending Apr 2026

Where ¥100 of sales goes

For every ¥100 Token sells, how much goes where, and how much is kept.

FY ending Apr 2026

Cost of sales: ¥83
SG&A: ¥11
Operating profit: ¥6
Net profit kept: ¥4

Annual margin trends

Gross margin17.3%

Operating margin5.8%

Net margin4.2%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Apr 2026

Leasing¥220.2B
57%
Op. margin 6.5%Industry: Real Estate Brokerage & Management
Construction¥164.1B
42%
Op. margin 10.5%Industry: General Contractors
Other¥2.19B
1%
Op. margin 2.1%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第50期(2025/05/01－2026/04/30)
ID S100YS6C2026-07-24Open
EDINET (FSA Japan)
有価証券報告書－第49期(2024/05/01－2025/04/30)
ID S100WEQY2025-07-25Open
EDINET (FSA Japan)
訂正有価証券報告書－第48期(2023/05/01－2024/04/30)
ID S100VJAD2025-03-31Open
EDINET (FSA Japan)
有価証券報告書－第47期(2022/05/01－2023/04/30)
ID S100RH952023-07-28Open
EDINET (FSA Japan)
有価証券報告書－第46期(令和3年5月1日－令和4年4月30日)
ID S100OT9L2022-07-29Open
EDINET (FSA Japan)
訂正有価証券報告書－第45期(令和2年5月1日－令和3年4月30日)
ID S100N1ZM2021-12-14Open

Extracted from XBRL: 46 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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