Tokyu Fudosan HoldingsTokyu Fudosan Holdings Corporation3289東証プライム不動産業FY ending Mar 2026, consolidated, J-GAAP

Tokyu Fudosan Holdings FY ending Mar 2026 results

About 32% of Tokyu Fudosan Holdings's sales come from Urban Development, with Real Estate Agents and Property Management and Operation making up much of the rest.

Out of every ¥100 of sales, about ¥13 is left as operating profit.

Revenue changed +8.3% from the prior year, operating profit +18.6%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +8.3% · profit +18.6%, calculated from disclosed figures.

Operating leverage: 2.23× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +8.3%¥1.15T → ¥1.25T
Operating income: +18.6%¥140.8B → ¥166.9B
Net income attributable to owners: +24.7%¥77.6B → ¥96.7B
Operating cash flow: +173.0%¥47.4B → ¥129.5B
Free cash flow: Back to profit-¥23.1B → ¥27.5B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥1.25T, up +8.3% from ¥1.15T.
Operating income reached ¥166.9B (+18.6%) and net income attributable to owners ¥96.7B (+24.7%).
Operating cash flow jumped to ¥129.5B (+173.0%), and free cash flow turned positive at ¥27.5B after a negative year.

What drove the change

A firm property market lifted sales of buildings to investors
Brokerage did well as the number and value of deals handled went up
Occupancy improved at offices and retail properties, mainly in the greater Shibuya area

Things to watch

The company funds development largely with borrowing, so higher interest rates or a sharp fall in share prices could hit results
The economy, property prices and competitors can squeeze margins in development and investment, or lower the value of the assets it owns
Climate change is a concern: less snow hurts its ski resorts, and extreme weather can damage buildings or delay construction

Annual Securities Report, 13th fiscal period (Apr 2025 - Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 13th fiscal period (Apr 2025 - Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 Tokyu Fudosan Holdings sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating costs: ¥87
Operating profit: ¥13
Net profit kept: ¥8

Annual margin trends

Operating margin13.4%

Net margin7.8%

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 Mar 2026

Urban Development¥397.4B
32%
Op. margin 18.9%Industry: Real Estate Development & Leasing
Real Estate Agents¥356.8B
29%
Op. margin 18.0%Industry: Real Estate Brokerage & Management
Property Management and Operation¥350.6B
28%
Op. margin 7.8%Industry: Real Estate Brokerage & Management
Strategic Investment¥141.3B
11%
Op. margin 9.4%Industry: Real Estate Development & Leasing

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13期(2025/04/01－2026/03/31)
ID S100YHXW2026-06-24Open
EDINET (FSA Japan)
有価証券報告書－第12期(2024/04/01－2025/03/31)
ID S100W5WX2025-06-25Open
EDINET (FSA Japan)
有価証券報告書－第11期(2023/04/01－2024/03/31)
ID S100TSX72024-06-26Open
EDINET (FSA Japan)
有価証券報告書－第10期(2022/04/01－2023/03/31)
ID S100R64J2023-06-28Open
EDINET (FSA Japan)
有価証券報告書－第9期(令和3年4月1日－令和4年3月31日)
ID S100OHZR2022-06-28Open
EDINET (FSA Japan)
有価証券報告書－第8期(令和2年4月1日－令和3年3月31日)
ID S100LQPV2021-06-25Open

Extracted from XBRL: 51 / Derived from other figures: 2

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

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