Overview
Real Estate

Tokyo Tatemono Co.,Ltd.

Tokyo Tatemono is a comprehensive real estate developer engaged in the development, leasing, and management of office buildings, commercial facilities, logistics properties, and condominiums across Japan. The company markets its residential properties under the 'Brillia' brand and operates across multiple segments including building, residential, asset services, and overseas development in the US, Australia, Thailand, and China. Additional business lines include parking lot operations, real estate fund management, hotel and leisure facilities, and urban park PFI projects.

Market Cap
¥679B
US$4.33B
EV
¥1,897B
US$12.1B
Stock¥3,280▲+1.20%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
14.9
x
LTM EV/EBIT
18.6
x
LTM PER
11.0
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.6%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 23, 26Market-wide: BOJ rate hike announcement impact
MC → EV Bridge
679BUS$4.33BMarket Cap1,535BUS$9.79B+ Debt94.3BUS$601M− Cash236BUS$1.50B− Inv. Sec.12.2BUS$77.5M+ NCI1,897BUS$12.1BEV
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Performance & Balance
Revenue 5Y (¥B)
340US$2.17B'21/12350US$2.23B'22/12376US$2.40B'23/12464US$2.96B'24/12475US$3.03B'25/12
EBITDA 5Y (¥B)
77.4US$493M'21/1283.3US$531M'22/1291.0US$580M'23/12102US$651M'24/12119US$761M'25/12
Net Income 5Y (¥B)
35.0US$223M'21/1243.1US$275M'22/1245.1US$288M'23/1265.9US$420M'24/1258.9US$376M'25/12
Capital Structure
28%
72%
EquityD/E 2.53xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
216US$1.37B954US$6.09B'21/12211US$1.35B988US$6.30B'22/12281US$1.79B1,087US$6.93B'23/12250US$1.60B1,211US$7.72B'24/12350US$2.23B1,344US$8.57B'25/12
Shareholders
Top 10 hold 44.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
18.02%
2
Custody Bank of Japan, Ltd. (Trust Account)
12.01%
3
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
2.27%
4
Japan Securities Finance Co.,Ltd.
2.17%
5
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.16%
6
Sompo Japan Insurance Inc.
2.00%
7
JP MORGAN CHASE BANK 380055 (Standing Proxy: Mizuho Bank, Ltd.)
1.80%
8
STATE STREET BANK AND TRUST COMPANY 505301 (Standing Proxy: Mizuho Bank, Ltd.)
1.40%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.36%
10
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.23%
Management
16 officers
Makio TANEHASHI
Director, Chairman of the Board of Directors
Apr 1979: Joined The Fuji Bank, Ltd. Mar 2006: Executive Officer, General Manager of Business Audit Department, Mizuho Corporate Bank, Ltd. Apr 2008: Managing Executive Officer in charge of Sales, Mizuho Corporate Bank Jun 2011: Deputy President and Executive Officer in charge of Branch Division, Mizuho Bank, Ltd. Jun 2011: Representative Director, Deputy President and Executive Officer in charge of Branch Division, Mizuho Bank Mar 2013: Representative Director, President and Executive Officer, Tokyo Tatemono Real Estate Sales Co., Ltd. Jul 2015: Senior Managing Executive Officer, General Manager of Asset Services Business Division, Tokyo Tatemono Co., Ltd. Mar 2016: Director, Senior Managing Executive Officer, General Manager of Asset Services Business Division and General Manager of Overseas Business Division, the Company Jan 2017: Representative Director, Chairman and Executive Officer, the Company; Director, Chairman, Tokyo Tatemono Real Estate Sales Co., Ltd. Mar 2019: Representative Director, Chairman, the Company Jan 2021: Director, Tokyo Tatemono Real Estate Sales Co., Ltd. (retired Dec 2024) Mar 2023: Outside Director, Sapporo Holdings Ltd. (current) Jan 2025: Director, Chairman of the Board of Directors, the Company (current)
1957-03-13
Hitoshi NOMURA
Representative Director, Chairman
Apr 1981: Joined the Company Mar 2005: General Manager, Building Management Department Mar 2008: Director, General Manager, Building Planning Department Mar 2011: Managing Director, General Manager, Building Business Division Mar 2013: Director, Managing Executive Officer, General Manager, Building Business Division Mar 2015: Director, Senior Managing Executive Officer Jan 2017: Representative Director, President and Executive Officer Jan 2025: Representative Director, Chairman (current)
1958-10-10
Katsuto OZAWA
Representative Director, President and Executive Officer
Apr 1987: Joined the Company Mar 2007: General Manager, RM Business Department Jul 2009: Director, General Manager of Finance Department, Tokyo Realty Investment Management, Inc. Mar 2015: Executive Officer, General Manager, Corporate Planning Department Jan 2017: Managing Executive Officer, General Manager of Overseas Business Division, General Manager of Resort Business Division, General Manager of Finance Department and General Manager of Overseas Business Department, the Company Mar 2017: Director, Managing Executive Officer, General Manager of Overseas Business Division, General Manager of Resort Business Division, General Manager of Finance Department and General Manager of Overseas Business Department Jan 2021: Director, Senior Managing Executive Officer, General Manager of Overseas Business Division and General Manager of Building Business Division Apr 2021: Director, Senior Managing Executive Officer, General Manager of Building Business Division Jan 2023: Representative Director, Senior Managing Executive Officer, General Manager of Building Business Division Jan 2025: Representative Director, President and Executive Officer, General Manager of Internal Audit Office Apr 2025: Representative Director, President and Executive Officer (current)
1964-02-01
Akira IZUMI
Representative Director, Executive Vice President and Executive Officer, General Manager of Building Business Division
Apr 1987: Joined the Company Mar 2009: General Manager, Commercial Facilities Business Department Mar 2015: Executive Officer, General Manager, Urban Development Business Department Jan 2017: Managing Executive Officer, General Manager, Corporate Planning Department Mar 2017: Director, Managing Executive Officer, General Manager, Corporate Planning Department Jan 2021: Director, Senior Managing Executive Officer Jan 2023: Representative Director, Senior Managing Executive Officer Jan 2025: Representative Director, Executive Vice President and Executive Officer, General Manager of Building Business Division (current)
1965-03-06
Hideshi AKITA
Director, Senior Managing Executive Officer, General Manager of Residential Business Division
Apr 1987: Joined the Company Mar 2006: General Manager, RM Business Department Jan 2016: Executive Officer, General Manager, Human Resources Department Jan 2017: Executive Officer, Deputy General Manager of Residential Business Division Jan 2019: Managing Executive Officer, General Manager of Residential Business Division Mar 2019: Director, Managing Executive Officer, General Manager of Residential Business Division Jan 2023: Director, Senior Managing Executive Officer, General Manager of Residential Business Division and General Manager of Asset Services Business Division Jan 2025: Director, Senior Managing Executive Officer, General Manager of Residential Business Division (current)
1964-05-18
Ken JINBO
Director, Senior Managing Executive Officer, Deputy General Manager of Residential Business Division
Apr 1988: Joined the Company Jan 2015: General Manager, Residential Information Development Department Jan 2018: Executive Officer, General Manager, Residential Information Development Department Jan 2019: Executive Officer, Deputy General Manager of Residential Business Division and General Manager, Residential Information Development Department Jan 2021: Managing Executive Officer, Deputy General Manager of Residential Business Division Mar 2021: Director, Managing Executive Officer, Deputy General Manager of Residential Business Division Jan 2025: Director, Senior Managing Executive Officer, Deputy General Manager of Residential Business Division (current) Jun 2025: Representative Director, President, WonderScape Co., Ltd. (current)
1965-02-27
Shinjiro FURUBAYASHI
Director, Managing Executive Officer, Deputy General Manager of Building Business Division
Apr 1988: Joined the Company Mar 2015: General Manager, Building Business Planning Department Jan 2018: Executive Officer, General Manager, Urban Development Business Department Jan 2022: Executive Officer, General Manager, Urban Development Business Department No. 1 Jan 2023: Managing Executive Officer, Deputy General Manager of Building Business Division and General Manager, Urban Development Business Department No. 1 Mar 2023: Director, Managing Executive Officer, Deputy General Manager of Building Business Division and General Manager, Urban Development Business Department No. 1 Jan 2025: Director, Managing Executive Officer, Deputy General Manager of Building Business Division (current)
1965-08-23
Shuichi HATTORI
Director (Note 1)
Apr 1984: Registered as attorney-at-law Jul 1988: Established Hattori Law Office (now Hattori & Partners) (current) Jun 2004: Outside Audit & Supervisory Board Member, Ushio Inc. (retired Jun 2016) Apr 2007: Lecturer (Financial Instruments and Exchange Act), Keio University Law School (retired Mar 2023) Mar 2009: Outside Corporate Auditor, Look Inc. (now Look Holdings Inc.) (retired Mar 2019) Jan 2013: Outside Corporate Auditor, Pokka Sapporo Food & Beverage Ltd. (retired Mar 2016) Mar 2015: Outside Corporate Auditor, the Company (retired Mar 2019) Jun 2016: Outside Director, Ushio Inc. (retired Jun 2018) Mar 2019: Outside Director, the Company (current)
1953-11-25
Isao JINNO
Full-time Corporate Auditor
Apr 1988: Joined Yasuda Trust & Banking Co., Ltd. Oct 2010: General Manager, Kawagoe Branch, Mizuho Trust & Banking Co., Ltd. Jan 2013: General Manager, Real Estate Sales Division No. 3, Mizuho Trust & Banking Co., Ltd. Apr 2016: Executive Officer, General Manager, Trust Business Division No. 8, Mizuho Trust & Banking Co., Ltd. Apr 2018: Director, Senior Managing Executive Officer, Heisei Building Co., Ltd. Apr 2018: Representative Director, President, Nihonbashi Building Service Co., Ltd. (retired Mar 2023) Apr 2020: Senior Managing Executive Officer, Heisei Building Co., Ltd. (retired Mar 2023) Mar 2023: Full-time Corporate Auditor, the Company (current)
1965-03-01
Yusuke MISHIMA
Full-time Corporate Auditor
Apr 1988: Joined the Company Mar 2014: General Manager, Accounting Department Jan 2020: Executive Officer, General Manager, Accounting Department Jan 2026: Officer, the Company Mar 2026: Full-time Corporate Auditor, the Company (current)
1965-06-15
Sayaka HIEDA
Corporate Auditor (Note 2)
Sep 2007: Registered as attorney-at-law Sep 2007: Joined Hanzomon Sogo Law Office (retired Dec 2009) Jan 2010: Joined Omotesando Sogo Law Office (current) Mar 2019: Outside Corporate Auditor, the Company (current) Mar 2021: Outside Corporate Auditor, Institution for a Global Society Inc. (current) Jun 2024: Outside Corporate Auditor, Sanai Obli Inc. (current) Feb 2025: Outside Corporate Auditor, Aohata Corporation (retired Nov 2025)
1978-10-22
Naohiro CHIKADA
Corporate Auditor (Note 2)
Apr 1992: Joined Chuo Shinko Audit Corporation Apr 1995: Registered as Certified Public Accountant Jul 2004: Partner, Chuo Aoyama Audit Corporation (retired Jul 2006) Aug 2006: Established Chikada CPA Office, Representative (current) Sep 2006: Registered as tax accountant Jul 2008: Representative Director, Chiyoda Kaikei-sha Co., Ltd. (current) Jun 2009: Representative Partner, Koa Audit Corporation (retired Jun 2024) Jun 2016: Outside Director (Audit and Supervisory Committee Member), RIZAP Group Inc. (retired Mar 2020) Apr 2018: Outside Director (Audit and Supervisory Committee Member), SKIYAKI Inc. (retired Apr 2024) Dec 2020: Outside Corporate Auditor, MRI DCS Co., Ltd. (current) Jun 2022: Outside Director (Audit and Supervisory Committee Member), Feed One Co., Ltd. (current) Jul 2022: Outside Corporate Auditor, SLP Co., Ltd. (retired Jul 2024) Mar 2024: Outside Corporate Auditor, the Company (current)
1969-12-19
Yoshimitsu ONCHI
Director (Note 1)
Apr 1977: Joined Daiei, Inc. Apr 1994: General Manager, Corporate Planning Headquarters, Daiei, Inc. Sep 1998: Director, Vice President, R&E Partners Inc. (retired Apr 2000) Dec 1999: Director (Representative), Oz Corporation (current) Mar 2000: Executive Officer, Recof Office Co., Ltd. (now Recof Co., Ltd.) Jun 2007: Director and Chief Executive Officer, Recof Co., Ltd. Jun 2010: Representative Director, President and Chief Executive Officer, Recof Co., Ltd. Oct 2016: Representative Director, Chairman, Recof Co., Ltd. (retired Sep 2017) Dec 2016: Director, M&A Capital Partners Co., Ltd. (retired Sep 2017) Mar 2018: Outside Director, the Company (current) Apr 2018: Chairman of the Board, Tsuji Hongo Business Consulting Co., Ltd. (retired Nov 2018) Jun 2018: Outside Director, Nichichoh Co., Ltd. (current) Dec 2019: Outside Corporate Auditor, UNITED FOODS INTERNATIONAL Inc. (current) Jun 2020: Outside Director, Sotetsu Holdings, Inc. (current) Dec 2021: Outside Director, Sanyu System Appraisal Co., Ltd. (current)
1954-11-01
Yumiko KINOSHITA
Director (Note 1)
Apr 1984: Joined Bank of Japan Sep 1991: Joined McKinsey & Company Apr 2004: Joined Japan Science and Technology Agency, Miraikan - The National Museum of Emerging Science and Innovation Jun 2011: General Manager, Corporate Planning Department, KCJ GROUP Inc. Feb 2016: Director, Japan Professional Football League (retired Mar 2018) Mar 2018: Chairman, Japan Professional Football League; Special Assignment for Diplomacy (retired Mar 2020) Jul 2020: Director, Tokyo Football Association Mar 2021: Outside Director, the Company (current) Apr 2022: Member, Management Council, Hitotsubashi University (current) Jun 2024: Vice President, Tokyo Football Association (current) Jun 2024: Outside Director, The Chiba Kogyo Bank, Ltd. (current)
1961-07-13
Junichi NISHIZAWA
Director (Note 1)
Apr 1980: Joined The Fuji Bank, Ltd. Apr 2008: Executive Officer, General Manager, Nagoya Central Corporate Division, Nagoya Central Branch, Mizuho Bank, Ltd. Apr 2010: Managing Executive Officer, Chief Risk Management Officer and Chief Human Resources Officer, Mizuho Corporate Bank, Ltd. Jun 2011: Representative Director, Deputy President, Mizuho Financial Group, Inc. (retired Mar 2013) Apr 2013: Representative Director, President, Mizuho Information & Research Institute, Inc. (now Mizuho Research & Technologies, Ltd.) (retired Mar 2019) Jun 2019: Director, Vice President, Joban Kosan Co., Ltd. Jun 2019: Outside Corporate Auditor, Fuyo Auto Lease Co., Ltd. (current) Jun 2020: Representative Director, President, Joban Kosan Co., Ltd. Jun 2020: Outside Director, Joban Kyodo Thermal Power Co., Ltd. (current) Jun 2020: Outside Director, Onahama Kairiku Unso Co., Ltd. (current) Jun 2023: Outside Director, Tokyo Small and Medium Enterprise Investment and Advisory Corporation (retired Jun 2025) Jun 2024: Representative Director, Chairman, Joban Kosan Co., Ltd. (retired Apr 2025) Mar 2025: Outside Director, the Company (current) Jul 2025: Outside Director, Nichizei Business Service Co., Ltd. (current) Jun 2026: Outside Director, Azbil Corporation (scheduled) (Note 3)
1956-06-12
Naoko TAUCHI
Director (Note 1)
Apr 1989: Joined Ajinomoto Co., Inc. Sep 1999: Joined McKinsey & Company Jan 2002: Rejoined Ajinomoto Co., Inc. Jul 2009: Senior Manager, Amino Science Business Development Department, Ajinomoto Co., Inc. Jul 2011: Senior Manager, Corporate Planning Department, Ajinomoto Co., Inc. Jul 2016: Senior Manager, Internal Audit Department, Ajinomoto Co., Inc. Jun 2019: Audit & Supervisory Board Member, Ajinomoto Animal Nutrition Group, Inc. (retired Feb 2021) Apr 2021: Visiting Professor, Kobe University Graduate School (retired Mar 2024) Jan 2022: Outside Director, Seika Food Industry Co., Ltd. (current) Mar 2024: Outside Director (Audit and Supervisory Committee Member), Sapporo Holdings Ltd. (retires Mar 2026) (Note 4) Mar 2025: Outside Director, the Company (current) Mar 2026: Outside Director, Sapporo Holdings Ltd. (scheduled) (Note 4)
1965-05-19
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Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-06
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-13
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-04-21
Large Shareholding Report
EDINET
2026-03-23
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-02-20
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
EDINET
2026-02-19
Large Shareholding Report
EDINET
2026-01-20
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-12-03
Large Shareholding Report
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-10-22
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-05
Large Shareholding Report
EDINET
2025-08-22
Large Shareholding Report
EDINET
2025-08-12
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-08-07
Large Shareholding Report
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
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