Overview
Land Transportation

TOKYU CORPORATION

Tokyu Corporation is a diversified railway-anchored conglomerate operating 9 rail/tram lines (110.7 km) across southwestern Tokyo and Kanagawa Prefecture through consolidated subsidiary Tokyu Railways, serving as the core of a large urban lifestyle ecosystem. The Group develops and manages real estate along its railway corridors—including office leasing, residential sales, shopping centers, and property management—while also operating department stores, supermarkets, hotels and resorts, cable TV, credit card services, and multiplex cinemas. Additional businesses include airport concession management (Sendai Airport) and bus transportation, making Tokyu one of Japan's leading integrated transportation and urban development groups.

Market Cap
¥910B
US$5.81B
EV
¥2,019B
US$12.9B
Stock¥1,613.5▼-0.37%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.5
x
LTM EV/EBIT
19.3
x
LTM PER
9.3
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-28.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
910BUS$5.81BMarket Cap1,457BUS$9.29B+ Debt72.7BUS$464M− Cash323BUS$2.06B− Inv. Sec.47.7BUS$304M+ NCI2,019BUS$12.9BEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
879US$5.61B'22/3931US$5.94B'23/31,038US$6.62B'24/31,055US$6.73B'25/31,086US$6.93B'26/3
EBITDA 5Y (¥B)
116US$738M'22/3128US$814M'23/3182US$1.16B'24/3190US$1.21B'25/3192US$1.22B'26/3
Net Income 5Y (¥B)
8.78US$56.0M'22/326.0US$166M'23/363.9US$408M'24/379.7US$508M'25/387.1US$555M'26/3
Capital Structure
39%
61%
EquityD/E 1.56xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
257US$1.64B1,196US$7.63B'22/3296US$1.89B1,288US$8.21B'23/3292US$1.86B1,176US$7.50B'24/3335US$2.14B1,298US$8.28B'25/3400US$2.55B1,392US$8.88B'26/3
Shareholders
Top 10 hold 33.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.06%
2
Custody Bank of Japan, Ltd. (Trust Account)
4.00%
3
Nippon Life Insurance Company
3.41%
4
The Dai-ichi Life Insurance Company, Limited
2.88%
5
Sumitomo Mitsui Trust Bank, Limited
2.74%
6
Mizuho Bank, Ltd.
1.73%
7
Taiyo Life Insurance Company
1.59%
8
TOKYU CORPORATION Employee Stock Ownership Association
1.29%
9
Nomura Trust and Banking Co., Ltd. (Retirement Benefit Trust, MUFG Bank, Ltd. Account)
1.25%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.22%
Management
13 officers
Hirofumi NOMOTO
Representative Director, Chairman
Apr 1971 Joined the Company Apr 2004 President, Its Communications Inc. Jun 2007 Director, the Company; General Manager, Development Business Division, the Company Jan 2008 Managing Director, the Company Jun 2008 Senior Managing Director, the Company Jun 2010 Representative Director, the Company (current) Apr 2011 President, the Company Jun 2015 President Executive Officer, the Company Apr 2018 Director, Chairman of the Board, the Company (current)
1947-09-27
Masahiro HORIE
Representative Director, President, President Executive Officer
Apr 1984 Joined the Company Jun 2001 Representative Director, Executive Vice President, Tokyu Real Estate Investment Management Inc. Sep 2002 President, Executive Officer, Tokyu Real Estate Investment Management Inc. Jun 2003 Executive Officer (Representative), Tokyu REIT, Inc. May 2015 Executive Officer, the Company; General Manager, Retail Business Division, Lifestyle Creation Headquarters, the Company Jun 2016 Director, the Company Jul 2017 General Manager, Retail Business Division, the Company Apr 2020 General Manager, Building Management Business Division, the Company Jun 2020 Managing Executive Officer, the Company Jun 2022 Director, the Company Jun 2023 Representative Director, the Company (current) Jun 2023 President, Director, the Company (current) Jun 2023 President Executive Officer, the Company (current)
1961-12-31
Hirohisa FUJIWARA
Director, Senior Managing Executive Officer
Apr 1983 Joined the Company Jun 2010 Director, Executive Officer, Tokyu Facility Service Co., Ltd. Jul 2011 Executive Officer, the Company; Deputy Director, Business Strategy Office, the Company Apr 2012 Deputy General Manager, International Business Division, the Company Jul 2014 General Manager, Finance Strategy Office, the Company Jun 2015 Director, the Company (current) Apr 2018 Managing Executive Officer; General Manager, Management Planning Office, the Company Jul 2022 Senior Managing Executive Officer, the Company (current) Jun 2026 Representative Director, the Company (scheduled)
1960-11-06
Toshiyuki TAKAHASHI
Director, Senior Managing Executive Officer
Apr 1982 Joined the Company Jul 2011 Executive Officer, the Company; Deputy Director, Business Strategy Office, the Company Apr 2012 Deputy General Manager, International Business Division, the Company Oct 2012 General Manager, International Business Division, the Company Apr 2013 General Manager, Urban Strategy Business Division, Urban Development Business Division, the Company Apr 2014 Representative Director, President, Tokyu Facility Service Co., Ltd. Apr 2017 Executive Officer; Deputy General Head, Urban Creation Headquarters, the Company Jun 2017 Director, the Company (current) Jul 2017 General Head, Urban Creation Headquarters, the Company Apr 2018 Managing Executive Officer, the Company Jul 2022 Senior Managing Executive Officer, the Company (current)
1959-04-21
Seiichi FUKUDA
Director
Apr 1986 Joined the Company Apr 2020 Executive Officer; General Manager, Transportation Infrastructure Business Division, the Company Jul 2022 Representative Director, President, Tokyu Corporation (current) Jun 2024 Director, the Company (current)
1964-02-24
Kunio SHIMADA
Director
Apr 1986 Registered with the First Tokyo Bar Association Oct 1991 Registered with the New York State Bar Jul 2010 Managing Partner, Shimada Law Office (current) Jun 2011 Outside Director, Tsugami Corporation Nov 2013 Supervisory Director, Hulic Reit, Inc. Jun 2018 Director, Audit and Supervisory Committee Member, Tsugami Corporation Jun 2021 Director, the Company (current) Jun 2023 Outside Audit & Supervisory Board Member, Sankyu Inc.
1959-08-16
Midori MIYAZAKI
Director
Apr 1982 News Caster, News Division, Japan Broadcasting Corporation (NHK) Apr 1988 Part-time Lecturer, Department of Social Engineering, Tokyo Institute of Technology Apr 2000 Associate Professor, Faculty of Policy Informatics, Chiba University of Commerce Apr 2001 Director, Amami Park; Director, Tanaka Isson Memorial Museum of Art (current) Jun 2001 Director, Sony Education Foundation Mar 2006 Audit & Supervisory Board Member, Showa Shell Sekiyu K.K. Apr 2006 Professor, Chiba University of Commerce Jan 2009 Adviser, Policy Vision Research Center, The University of Tokyo Jun 2013 Member, Government Tax Commission Apr 2014 Director, Chiba Gakuen; Member, House of Representatives Electoral District Delimitation Commission Apr 2015 Dean, Faculty of International Liberal Arts, Chiba University of Commerce Jun 2020 Director, the Company (current) Feb 2021 Member, National Public Safety Commission Apr 2025 President, Chiba University of Commerce (current)
1958-01-15
Hiroshi SHIMIZU
Director
Apr 1983 Joined Nippon Life Insurance Company Mar 2009 Executive Officer, Nippon Life Insurance Company Mar 2012 Managing Executive Officer, Nippon Life Insurance Company Jul 2013 Director, Managing Executive Officer, Nippon Life Insurance Company Jul 2014 Managing Executive Officer, Nippon Life Insurance Company Mar 2016 Senior Managing Executive Officer, Nippon Life Insurance Company Jul 2016 Director, Senior Managing Executive Officer, Nippon Life Insurance Company Apr 2018 Representative Director, President, Nippon Life Insurance Company Jun 2021 Outside Director, Fujikyu Co., Ltd. (current) Jun 2021 Director, the Company (current) Jul 2022 Representative Director, President, President Executive Officer, Nippon Life Insurance Company Jun 2024 Outside Director, Mitsubishi UFJ Financial Group, Inc. (current) Apr 2025 Representative Director, Chairman, Nippon Life Insurance Company (current)
1961-01-30
Ryoko SUGIYAMA
Director
Apr 1988 Joined Ostrand Inc. May 1996 Established Sugiyama Kurihara Environmental Office; Representative Director Aug 2007 Director, Sugiyama Kurihara Environmental Office (current) Apr 2010 Professor, Faculty of Social and Environmental Studies, Fuji Tokoha University (currently Tokoha University) Jun 2015 Outside Director, UACJ Corporation Jan 2016 President, Gifu Sugiyama Memorial Foundation (current) Jun 2016 Outside Director, Audit and Supervisory Committee Member, Lecip Holdings Inc. Jun 2017 Outside Director, Kurita Water Industries Ltd. Dec 2018 Owner, Representative Director, Gifu Shimbun Co., Ltd. (current) Dec 2019 Chairman of the Board, Gifu Broadcasting System, Inc. Jun 2023 Outside Director, JSP Corporation (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Sato Shoji Corporation (current) Jun 2025 Director, the Company (current) Dec 2025 Director, Gifu Broadcasting System, Inc. (current)
1955-07-27
Satoshi NAKAMOTO
Full-time Audit & Supervisory Board Member
Apr 1989 Joined The Mitsubishi Bank, Ltd. Jun 2017 Executive Officer, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Apr 2018 Executive Officer, MUFG Bank, Ltd. Apr 2020 Managing Executive Officer, MUFG Bank, Ltd. Apr 2023 Senior Managing Executive Officer, MUFG Bank, Ltd. Jun 2024 Full-time Audit & Supervisory Board Member, the Company (current)
1967-03-20
Naohisa AKIMOTO
Full-time Audit & Supervisory Board Member
Apr 1981 Joined the Company Apr 2009 Executive Officer, Tokyu Car Corporation Jun 2009 Director, Executive Officer, Tokyu Car Corporation Apr 2012 Executive Officer; General Manager, Lifestyle Service Business Division, the Company Apr 2014 Executive Officer, Tokyu Agency Inc. Jun 2014 Managing Director, Executive Officer, Tokyu Agency Inc. Jun 2016 Full-time Audit & Supervisory Board Member, the Company (current)
1957-06-20
Hajime WATANABE
Audit & Supervisory Board Member
Apr 1981 Joined Japan Development Bank Jun 2009 Executive Officer, Development Bank of Japan Inc. Jun 2011 Director, Managing Executive Officer, Development Bank of Japan Inc. Jun 2015 Representative Director, Executive Vice President, Development Bank of Japan Inc. Jun 2018 Representative Director, President, Development Bank of Japan Inc. Jun 2022 Adviser, Development Bank of Japan Inc. Apr 2023 Representative Director, Chairman, Japan Economic Research Institute, Inc. (current) Jun 2023 Outside Audit & Supervisory Board Member, Japan Freight Railway Company (current) Jun 2023 Outside Director, Sumitomo Mitsui Trust Group, Inc. (current) Jun 2024 Audit & Supervisory Board Member, the Company (current) Jul 2024 Outside Director, Fukoku Mutual Life Insurance Company (current)
1958-10-31
Seiji INAGAKI
Audit & Supervisory Board Member
Apr 1986 Joined Dai-ichi Life Insurance Company Apr 2012 Executive Officer, Dai-ichi Life Insurance Company Apr 2015 Managing Executive Officer, Dai-ichi Life Insurance Company Jun 2016 Director, Managing Executive Officer, Dai-ichi Life Insurance Company Oct 2016 Director, Managing Executive Officer, Dai-ichi Life Holdings, Inc. (currently Dai-ichi Life Group, Inc.) Apr 2017 Representative Director, President, Dai-ichi Life Holdings, Inc. Apr 2022 Representative Director, President (Chief Executive Officer), Dai-ichi Life Group, Inc. Apr 2023 Representative Director, Chairman, Dai-ichi Life Group, Inc. Jun 2023 Director, Chairman of the Board, Dai-ichi Life Group, Inc. (current) Jun 2024 Audit & Supervisory Board Member, the Company (current) Dec 2025 Representative Director, Global Human Resources Development Community Council (current)
1963-05-10
Large Shareholding Reports
BlackRock Japan Co., Ltd.
2026-06-05
2.02%→1.60%
Asset Management One Co., Ltd.
2026-05-22
2.38%→1.84%
Nomura Asset Management Co., Ltd.
2026-05-22
3.83%→3.59%
Nomura Asset Management Co., Ltd.
2025-10-06
3.34%→3.83%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.71%→2.80%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-08-21
2.94%→2.71%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-08-21
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-06-23
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2025-06-23
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →