Overview
Real Estate

TKP Corporation

TKP Corporation operates Japan's largest flexible space platform, acquiring and revitalizing underutilized real estate assets to provide meeting rooms, shared offices, banquet halls, and hotel accommodations under multiple brands (TKP, Apa Hotel TKP, Lectore, Ishineya). The company offers comprehensive one-stop services including food & beverage, event production, BPO, and staffing, targeting corporate clients across major Japanese cities. Through recent acquisitions of Lilycolor Co., Ltd. (interior materials and space solutions) and Novarese Co., Ltd. (bridal and restaurant services), TKP has expanded into a diversified real estate and hospitality group with 24 consolidated subsidiaries.

Market Cap
¥71.5B
US$456M
EV
¥119B
US$756M
Stock¥1,970▲+1.55%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.9
x
LTM EV/EBIT
9.5
x
LTM PER
5.4
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jun 12, 26Board approved share buyback
MC → EV Bridge
71.5BUS$456MMarket Cap77.9BUS$496M+ Debt30.7BUS$196M− Cash6.74BUS$43.0M− Inv. Sec.6.67BUS$42.5M+ NCI119BUS$756MEV
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Performance & Balance
Revenue 5Y (¥B)
44.7US$285M'22/250.5US$322M'23/236.5US$233M'24/259.2US$378M'25/2114US$729M'26/2
EBITDA 5Y (¥B)
1.98US$12.6M'22/26.39US$40.8M'23/25.85US$37.3M'24/27.61US$48.5M'25/214.7US$93.8M'26/2
Net Income 5Y (¥B)
-3.21-US$20.5M'22/2-4.94-US$31.5M'23/26.98US$44.5M'24/23.79US$24.2M'25/212.4US$78.8M'26/2
Capital Structure
39%
61%
EquityD/E 1.59xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
15.2US$96.8M53.3US$340M'22/234.4US$219M32.3US$206M'23/237.1US$237M32.9US$210M'24/221.1US$135M50.6US$323M'25/252.3US$334M79.2US$505M'26/2
Shareholders
Top 10 hold 80.2%
1
Riverfield Co., Ltd.
58.27%
2
Ido Corporation
7.00%
3
Takateru KONO
5.47%
4
THE BANK OF NEW YORK 133612 (Standing Proxy: Mizuho Bank, Ltd.)
2.76%
5
Custody Bank of Japan, Ltd. (Trust Account)
2.48%
6
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.46%
7
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.04%
8
SBI SECURITIES Co., Ltd.
0.68%
9
Sumitomo Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
0.53%
10
STATE STREET BANK AND TRUST COMPANY 505012 (Standing Proxy: Mizuho Bank, Ltd.)
0.47%
Management
8 officers
Takateru KONO
Representative Director, President and CEO
Apr 1996 Joined Itochu Corporation Aug 1999 Seconded to Nihon Online Securities Co., Ltd. (now Mitsubishi UFJ eSmart Securities Co., Ltd.) Mar 2000 Director, Head of Sales Division, E-Bank Corporation (now Rakuten Bank, Ltd.) Aug 2005 Founded the Company; Representative Director, President Oct 2019 Outside Director, Oita Football Club Co., Ltd. (current) Jun 2021 Outside Director, Escrit Inc. (now On the Page Inc.) May 2022 Representative Director, President, CEO and COO, the Company Jun 2025 Representative Director, President and CEO, the Company (current)
1972-10-13
Munetaka NAGAO
Director, COO
Oct 2002 Joined Asahi Audit Corporation (now Azsa LLC) Sep 2006 Joined Nikko Citigroup Securities Co., Ltd. (now Citigroup Securities Co., Ltd.) Jul 2009 Joined Deutsche Securities Inc. Apr 2010 Head of Finance and Accounting Department, Alico Japan (now MetLife Life Insurance K.K.) Jan 2016 General Manager, Business Management Division, Alico Japan Mar 2022 Executive Officer, Alico Japan Jun 2025 Director, COO, the Company (current) Apr 2026 Director, On the Page Inc. (current)
1971-11-04
Koji NAKAMURA
Director, CFO
Oct 1999 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Dec 2006 Director, General Manager of Administration Division, the Company Jul 2008 Director, Convenience Station Co., Ltd. (now Konstec Co., Ltd.) Sep 2010 Director, TKP Telemarketing Co., Ltd. (now TKP Communications Co., Ltd.) Sep 2013 Director, COO, the Company Mar 2020 Director, CFO, the Company (current)
1972-04-09
Fumiko MOTOYA
Director
Jun 1971 Director, Shinkin Kaihatsu Co., Ltd. (now APA Co., Ltd.) (current) Dec 1980 Director, APA Hotel Co., Ltd. Feb 1994 President and Representative Director, APA Hotel Co., Ltd. (current) Mar 2008 President and Representative Director, MIT Corporation (current) Jun 2012 Visiting Professor, Tokyo International University Dec 2015 Director, APA Holdings Co., Ltd. (current) Nov 2020 Outside Director, SHIFT Inc. (current) May 2021 Outside Director, the Company (current)
1947-07-08
Eizo KOBAYASHI
Director
Apr 1972 Joined Itochu Corporation Jun 2004 President and Representative Director, Itochu Corporation Apr 2010 Chairman and Representative Director, Itochu Corporation Jul 2010 Outside Audit & Supervisory Board Member, Asahi Mutual Life Insurance Company Jun 2011 Director and Chairman, Itochu Corporation Jun 2013 Outside Director, OMRON Corporation Jun 2015 Outside Director, Japan Airlines Co., Ltd. Jun 2016 Chairman, Itochu Corporation Jun 2016 Outside Director, Japan Exchange Group, Inc. Apr 2018 Special Adviser, Itochu Corporation Apr 2020 Honorary Director, Itochu Corporation (current) Jun 2020 Management Committee Member, Norinchukin Bank (current) May 2025 Outside Director, the Company (current)
1949-01-07
Yoshinori SOGABE
Director (Full-time Audit and Supervisory Committee Member)
Apr 1969 Joined The Nippon Fudosan Bank, Ltd. (now Aozora Bank, Ltd.) May 1998 Director, Aiful Corporation Apr 2003 Joined Tokyu Livable Inc., General Manager, Development Department, Asset Business Division Feb 2004 Audit & Supervisory Board Member, Ken Corporation Co., Ltd. May 2006 Outside Audit & Supervisory Board Member, the Company May 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1946-03-26
Akiko NAGAYO
Director (Audit and Supervisory Committee Member)
Oct 1998 Joined Ohta Showa Audit Corporation (now EY ShinNihon LLC) Apr 2002 Registered as Certified Public Accountant Aug 2004 Joined Chuo Aoyama Tax Corporation (now PwC Tax Corporation) Jul 2006 Joined IMAGICA ROBOT HOLDINGS INC. (now IMAGICA GROUP Inc.) Jan 2009 Principal, Nagayo Certified Public Accountant Office (current) Aug 2020 Registered as Certified Tax Accountant May 2024 Outside Audit & Supervisory Board Member, the Company May 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2026 Outside Audit & Supervisory Board Member, CL Holdings Co., Ltd. (current) May 2026 Outside Audit & Supervisory Board Member, MEDIADO Co., Ltd. (current)
1976-08-11
Tomoko KOSE
Director (Audit and Supervisory Committee Member)
Dec 2014 Registered as Attorney-at-Law Jan 2015 Joined Tokyo Flex Law Office, Legal Professional Corporation Jan 2023 Partner, Tokyo Flex Law Office, Legal Professional Corporation (current) Jun 2023 Audit & Supervisory Board Member, EMBA Alumni Kyoto Co., Ltd. May 2024 Outside Audit & Supervisory Board Member, the Company Jun 2024 Substitute Audit and Supervisory Committee Member, Yamau Holdings Co., Ltd. (current) Jul 2024 Outside Audit & Supervisory Board Member, CFP Consulting Co., Ltd. Sep 2024 Outside Director (Audit and Supervisory Committee Member), Nihon Joho Creative Co., Ltd. (current) May 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1987-09-17
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-15
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-15
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-29
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-14
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-15
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-15
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-30
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-16
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINETAmended
2024-07-16
Amended Annual Securities Report
Period: Mar 2023 – Feb 2024
TDnet
2024-07-11
Q1 Earnings Flash
FY ending Feb 2025
EDINETAmended
2024-05-31
Amended Annual Securities Report
Period: Mar 2021 – Feb 2022
EDINET
2024-05-31
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINETAmended
2024-05-31
Amended Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-16
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-13
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-31
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-16
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-13
Quarterly Securities Report
EDINET
2022-07-14
Quarterly Securities Report
EDINET
2022-05-26
Annual Securities Report
EDINET
2022-01-13
Quarterly Securities Report
EDINET
2021-10-13
Quarterly Securities Report
EDINET
2021-07-15
Quarterly Securities Report
EDINET
2021-05-28
Annual Securities Report
EDINET
2021-01-14
Quarterly Securities Report
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