Tosei Reit Investment Corporation (3451.T) stock price, financials & research

Regular session · JST · Market data may be delayed.

Company profile

Tosei Reit Investment Corporation functions as a real estate investment trust (REIT), with its management overseen externally by Tosei Asset Advisors, Inc. The trust's investment strategy is focused on the Japanese property market, allocating capital to a diverse range of compact to medium-sized assets, specifically including office structures, retail outlets, residential complexes, and hotels. Founded on November 27, 2014, its corporate headquarters are located in Tokyo, Japan.

Industry: REIT - Diversified
Sector: Real Estate
Headquarters: JP
CEO: Takako Sugaya
Listed since: Nov 27, 2014

Market position

Day range

Current ¥131,800

¥131,000¥131,800

52-week range

Current ¥131,800

¥125,700¥151,700

Open: ¥131,100
Previous close: ¥131,000
Volume: 169; 0.2× average
Average volume: 847; Average daily volume
Market cap: 49.97B JPY
Beta: 0.15; Market reference 1
50-day average: ¥132,292; -0.37% below average
200-day average: ¥140,449.5; -6.16% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 96.68B JPY
P/E (TTM): 16.89×
P/B (TTM): 1.15×
P/S (TTM): 6.67×
EV / EBITDA: 22.29×
Earnings yield: 5.26%
Free cash flow yield: 4.37%
Dividend yield: 5.92%

Profitability & efficiency

Gross margin: 44.90%
Operating margin: 48.45%
Net margin: 39.22%
Return on equity: 6.73%
Return on assets: 3.19%
Return on invested capital: 3.97%

Financial health

Debt / equity: 1.01×
Current ratio: 0.84×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

7.42B JPY+2.50%

Operating income

3.56B JPY+3.64%

Net income

2.89B JPY+3.28%

Metric (JPY)	FY2026	FY2025	FY2024	FY2023	FY2022
Revenue	7.42B JPY	7.24B JPY	7B JPY	6.74B JPY	6.47B JPY
Cost of goods sold	3.22B JPY	3.18B JPY	3.52B JPY	2.94B JPY	2.71B JPY
Gross profit	4.2B JPY	4.06B JPY	3.48B JPY	3.8B JPY	3.76B JPY
Selling, general, and administrative	471.43M JPY	465.33M JPY	447.06M JPY	439.81M JPY	419.72M JPY
Operating expenses	641.93M JPY	630.85M JPY	193.48M JPY	603.3M JPY	575.89M JPY
Interest income	15.55M JPY	721K JPY	78K JPY	211K JPY	71K JPY
Interest expense	486.09M JPY	436.08M JPY	582.53M JPY	398.85M JPY	369.61M JPY
Depreciation and amortization	954.3M JPY	926.08M JPY	865.16M JPY	833.13M JPY	760.09M JPY
Operating income	3.56B JPY	3.43B JPY	3.29B JPY	3.2B JPY	3.19B JPY
Net income	2.89B JPY	2.8B JPY	2.68B JPY	2.6B JPY	2.58B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate: 100%; 9 beats, 0 misses, 0 met estimates
Average EPS surprise: +4.73%; 9 comparable reports
Latest EPS result: 3,926; Estimate 3,825 · Beat by 2.64%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥7,657

2025 complete year+3.6% since 2021

2026 partial: ¥3,926

¥7,393

2,021

¥7,196

2,022

¥7,388

2,023

¥7,443

2,024

¥7,657

2,025

¥3,926

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
DividendUpcoming	Oct 29, 2026	¥3,826Semi-Annual	Oct 31, 2026	Oct 29, 2026
Dividend	Apr 28, 2026	¥3,926Semi-Annual	Apr 30, 2026	Jul 7, 2026
Dividend	Oct 30, 2025	¥3,875Semi-Annual	Oct 31, 2025	Jan 9, 2026
Dividend	Apr 28, 2025	¥3,782Semi-Annual	Apr 30, 2025	Jul 7, 2025
Dividend	Oct 30, 2024	¥3,761Semi-Annual	Oct 31, 2024	Jan 10, 2025
Dividend	Apr 26, 2024	¥3,682Semi-Annual	Apr 30, 2024	Jul 5, 2024