GoAI
Get started
Tsukuruba Inc. logo

Tsukuruba Inc.

2978.T

JPXReal EstateReal Estate - Services

Open in GoAI

Latest quote

¥348

+¥7.00 · +2.05%

Aug 24, 3:30 PM JST

2978.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Tsukuruba Inc. specializes in technology-driven services for the real estate sector. A key initiative is their creation of cowcamo, a digital brokerage platform tailored for pre-owned and refurbished properties. Beyond this, they extend their expertise to include property conceptualization and architectural design. Established in 2011, this Tokyo-based firm maintains its corporate headquarters in Japan's capital.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
JP
CEO
Shuntaro Nomura
Listed since
Jul 31, 2019
Employees
235

Market position

Day range

Current ¥348

52-week range

Current ¥348

Open
¥338
Previous close
¥341
Volume
3.8K
0.41× average
Average volume
9.31K
Average daily volume
Market cap
4.08B JPY
Beta
0.63
Market reference 1
50-day average
¥347.16
+0.24% above average
200-day average
¥416.9
-16.53% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.35B JPY
P/E (TTM)
177.55×
P/B (TTM)
2.03×
P/S (TTM)
0.4×
EV / EBITDA
36.01×
Earnings yield
1.63%
Free cash flow yield
-22.85%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
36.91%
Operating margin
0.83%
Net margin
0.20%
Return on equity
5.52%
Return on assets
1.74%
Return on invested capital
3.25%

Financial health

Debt / equity
2.43×
Current ratio
1.66×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends89%46%3%-40%Gross margin, FY2021: 77.85%Gross margin, FY2022: 66.67%Gross margin, FY2023: 60.74%Gross margin, FY2024: 51.51%Gross margin, FY2025: 43.75%Operating margin, FY2021: -22.08%Operating margin, FY2022: -27.98%Operating margin, FY2023: -3.19%Operating margin, FY2024: 2.83%Operating margin, FY2025: 3.38%Net margin, FY2021: -29.70%Net margin, FY2022: -29.73%Net margin, FY2023: -3.99%Net margin, FY2024: 3.93%Net margin, FY2025: 1.32%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 77.85%. Gross margin FY2022 66.67%. Gross margin FY2023 60.74%. Gross margin FY2024 51.51%. Gross margin FY2025 43.75%. Operating margin FY2021 -22.08%. Operating margin FY2022 -27.98%. Operating margin FY2023 -3.19%. Operating margin FY2024 2.83%. Operating margin FY2025 3.38%. Net margin FY2021 -29.70%. Net margin FY2022 -29.73%. Net margin FY2023 -3.99%. Net margin FY2024 3.93%. Net margin FY2025 1.32%.

Income trends

Revenue

8.1B JPY+47.71%

Operating income

274M JPY+76.48%

Net income

106.64M JPY-50.55%
Income trends across reported periods8.99B JPY5.42B JPY1.85B JPY−1.71B JPYRevenue, FY2021: 1.62B JPYRevenue, FY2022: 2.77B JPYRevenue, FY2023: 4.15B JPYRevenue, FY2024: 5.48B JPYRevenue, FY2025: 8.1B JPYOperating income, FY2021: −358.72M JPYOperating income, FY2022: −773.96M JPYOperating income, FY2023: −132.47M JPYOperating income, FY2024: 155.26M JPYOperating income, FY2025: 274M JPYNet income, FY2021: −482.47M JPYNet income, FY2022: −822.42M JPYNet income, FY2023: −165.52M JPYNet income, FY2024: 215.66M JPYNet income, FY2025: 106.64M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.62B JPY. Revenue FY2022 2.77B JPY. Revenue FY2023 4.15B JPY. Revenue FY2024 5.48B JPY. Revenue FY2025 8.1B JPY. Operating income FY2021 −358.72M JPY. Operating income FY2022 −773.96M JPY. Operating income FY2023 −132.47M JPY. Operating income FY2024 155.26M JPY. Operating income FY2025 274M JPY. Net income FY2021 −482.47M JPY. Net income FY2022 −822.42M JPY. Net income FY2023 −165.52M JPY. Net income FY2024 215.66M JPY. Net income FY2025 106.64M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue8.1B JPY5.48B JPY4.15B JPY2.77B JPY1.62B JPY
Cost of goods sold4.56B JPY2.66B JPY1.63B JPY921.95M JPY359.87M JPY
Gross profit3.54B JPY2.82B JPY2.52B JPY1.84B JPY1.26B JPY
Selling, general, and administrative3.27B JPY2.67B JPY2.63B JPY2.6B JPY1.6B JPY
Operating expenses3.27B JPY2.67B JPY2.65B JPY2.62B JPY1.62B JPY
Interest income1.24M JPY45K JPY16K JPY25K JPY21K JPY
Interest expense48.64M JPY28.04M JPY9.17M JPY11.91M JPY21.5M JPY
Depreciation and amortization22M JPY28.55M JPY38.3M JPY36.65M JPY32.77M JPY
Operating income274M JPY155.26M JPY−132.47M JPY−773.96M JPY−358.72M JPY
Net income106.64M JPY215.66M JPY−165.52M JPY−822.42M JPY−482.47M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-2.82

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates10.184.98-0.22-5.42Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Sep 12, 2024: actual -2.71, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 14, 2024: actual -2.45, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 14, 2025: actual 0.76, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 13, 2025: actual 1.27, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 12, 2025: actual 9.1, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 12, 2025: actual -0.518, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual -4.34, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual -2.82, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates2.78B2.33B1.88B1.43BQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Sep 12, 2024: actual 1.72B JPY, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 14, 2024: actual 1.54B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 14, 2025: actual 1.84B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 13, 2025: actual 2.41B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 12, 2025: actual 2.32B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 12, 2025: actual 2.68B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 16, 2026: actual 2.56B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual 2.66B JPY, estimate —, surprise —, Comparison unavailable.

2978.T peers

Mitsubishi Estate Co., Ltd. logo

8802.T

Mitsubishi Estate Co., Ltd.

¥3,716

+0.79%

Mitsui Fudosan Co., Ltd. logo

8801.T

Mitsui Fudosan Co., Ltd.

¥1,513

+1.00%

Sumitomo Realty & Development Co., Ltd. logo

8830.T

Sumitomo Realty & Development Co., Ltd.

¥3,387

+1.44%

Daiwa House Industry Co., Ltd. logo

1925.T

Daiwa House Industry Co., Ltd.

¥4,700

+0.23%

Hulic Co., Ltd. logo

3003.T

Hulic Co., Ltd.

¥1,797.5

+0.98%

Nippon Building Fund Incorporation logo

8951.T

Nippon Building Fund Incorporation

¥130,200

+1.40%

Continue in GoAI

Research 2978.T

research.disclaimer