Token (1766) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended January 31, 2025, increased by 7.9% year-over-year to ¥271.1 billion, with operating profit up 97.8% to ¥16.7 billion and net income attributable to shareholders up 96.6% to ¥11.45 billion.

• The construction segment saw strong growth in both sales and profit, while the real estate leasing segment maintained high occupancy but saw a slight decrease in profit due to increased expenses.

• The company maintained a high occupancy rate of 97.4% in its leasing business and increased its order backlog by 12.5% year-over-year.

Financial highlights

• Operating profit nearly doubled year-over-year, reaching ¥16.7 billion, and ordinary profit also rose 96.2% to ¥17.0 billion.

• Net income per share for the period was ¥851.75, up from ¥433.33 in the previous year.

• Total assets increased to ¥216.6 billion, and equity ratio improved to 59.9% from 57.9% at the previous fiscal year-end.

• Dividend forecast for the full year remains unchanged at ¥330 per share.

Outlook and guidance

• Full-year revenue is forecast at ¥364.1 billion, up 6.8% year-over-year, with operating profit expected at ¥19.2 billion and net income at ¥13.2 billion.

• No changes have been made to the previously announced earnings guidance.