Tokyo Tatemono

Basic Information

Stock Code
8804
Industry
Real Estate
Category Detail
Real Estate & Housing
Prefecture
Tokyo
Establishment Year
October 1896
Listing Year
May 1949
Official Website
https://www.tatemono.com/
TSE Information
TSE Information
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Other Companies
Columbia Works, Daiwa House Industry, Nomura Real Estate Holdings, Tokyu Fudosan Holdings, Miyakoshi Holdings, Mitsui Fudosan, Mitsubishi Estate, Sumitomo Realty

Overview

Tokyo Tatemono is a historic comprehensive real estate company established in 1896. It is a leading developer in the industry, engaging in diverse real estate development and operations with building leasing as its mainstay.

Current Situation

Tokyo Tatemono recorded consolidated sales of approximately 463.7 billion yen, operating income of approximately 79.7 billion yen, and net income of approximately 65.9 billion yen for the fiscal year ending December 2024. Centering on its mainstay building leasing business, it develops the Brillia brand for condominiums for sale and the Brillia ist series for luxury rental apartments, while actively pursuing urban redevelopment in central Tokyo and asset securitization using the SPC law. Through multiple group companies, it also handles real estate investment advisory, resort operations, and parking lot business, maintaining a diverse business portfolio. It is a constituent stock of the Nikkei 225 Stock Average and JPX-Nikkei Index 400, with a solid financial foundation. It emphasizes sustainability through green bond issuances and urban regeneration projects. Moving forward, it positions complex developments of offices and commercial facilities, strengthening of housing brands, and DX promotion as key growth drivers, with large-scale redevelopment projects centered in central Tokyo scheduled for completion after 2024.

Trivia

Interesting Facts

  • One of Japan's oldest comprehensive real estate companies, founded in 1896
  • Obtained Japan's first real estate securitization SPC law registration
  • Pioneer company in housing loans
  • Brillia brand is a prominent nationally recognized brand
  • Advances numerous large-scale projects in collaboration with government on urban redevelopment
  • Supports regional infrastructure through subsidiary parking business
  • Green bond is Japan's first initiative in the real estate industry
  • Top-class in industry for office building leasing with superior locations
  • Member of Mizuho Bank's Fuyo Keiretsu
  • Strengthened brand power with TV commercials featuring Naoto Takenaka

Hidden Connections

  • Receives strong financial backing from the Fuyo Group
  • Intimate collaborative relationship with Mizuho Bank forms the basis of transactions
  • Also a major shareholder in Hulic, wielding influence in the industry
  • Advances urban redevelopment projects in coordination with government and other developers
  • Subsidiary Tokyo Tatemono Realty has a presence in the industry through J-REIT operations
  • Received multiple Good Design Awards through collaboration with Urban Renaissance Agency (UR)
  • Owns Brillia Short Short Theater and supports cultural activities
  • Long involved in redevelopment of Tokyo Station Yaesu North Exit area

Future Outlook

Growth Drivers

  • Ongoing expansion of redevelopment demand in Greater Tokyo Area
  • Strengthened response to diversifying housing needs
  • Efficiency gains in real estate management through digital technology
  • Leveraging green finance amid expanding ESG investments
  • Recovery and growth in tourism and resort business

Strategic Goals

  • Double revenue from investment funds and asset management business
  • Expansion of green bonds and other environmentally considerate finance
  • Elevate nationwide brand recognition of Brillia
  • Launch new office business supporting diverse work styles
  • Business revolution through digitalization and DX promotion

Business Segments

Comprehensive Real Estate Development

Overview
Provides comprehensive real estate planning and development tailored to customer needs.
Competitiveness
Asset securitization via SPCs and redevelopment expertise
Customers
  • Local governments
  • Developers
  • Construction companies
  • Asset management companies
  • Corporate entities
Products
  • Urban redevelopment projects
  • Shopping center developments
  • Office building developments
  • Commercial facility developments
  • Residential land developments

Real Estate Leasing Management

Overview
Provides efficient operations and management of owned real estate to maximize value.
Competitiveness
Broad management expertise and customer responsiveness
Customers
  • Corporate tenants
  • Individual landlords
  • Facility management companies
  • Building owners
Products
  • Office building leasing management
  • Commercial facility operations management
  • Residential leasing management
  • Asset management consulting

Real Estate Investment Advisory

Overview
Supports investors' profit improvement through advanced investment advice and asset management.
Competitiveness
Group-integrated asset management system
Customers
  • Institutional investors
  • Individual investors
  • Fund managers
Products
  • J-REIT operations
  • Private REITs
  • Asset management services
  • Investment strategy planning

Resort Operations and Management

Overview
Maximizes customer satisfaction through operations and management of resort facilities.
Competitiveness
Community-rooted operations expertise
Customers
  • Resort facility owners
  • Tourism operators
Products
  • Onsen facility operations
  • Golf course operations
  • Resort hotel management

Parking Lot Management Services

Overview
Provides efficient parking lot management to improve revenue and convenience.
Competitiveness
Expansion of parking business through subsidiaries
Customers
  • Real estate owners
  • Local governments
  • Commercial facilities
Products
  • Hourly parking operations
  • Parking lot maintenance
  • Parking lot consulting

Internet Strategy Consulting

Overview
Provides strategy support using digital technology and staffing services.
Competitiveness
Versatile service provision capabilities
Customers
  • Real estate companies
  • Retail businesses
  • Service industries
Products
  • Digital advertising strategies
  • Online marketing
  • Staffing services

Commercial Building Operations Management

Overview
Supports efficient operations and management of commercial buildings.
Competitiveness
Extensive property management experience
Customers
  • Commercial building owners
  • Tenant companies
Products
  • Facility management
  • Operations support
  • Tenant management

Overseas Real Estate Business

Overview
Engages in real estate development and investment support in overseas markets.
Competitiveness
Network in China and Asia markets
Customers
  • Overseas investors
  • Local companies
Products
  • Real estate consulting
  • Property acquisition support

Housing Maintenance and Management

Overview
Provides comprehensive management services aimed at maintaining housing value.
Competitiveness
High-efficiency services through integrated management
Customers
  • Condominium management associations
  • Homeowners
Products
  • Cleaning services
  • Equipment management
  • Repair work

Shared Office Operations

Overview
Operates shared office business to support flexible working styles.
Competitiveness
Diverse spaces tailored to various uses
Customers
  • Startups
  • Small and medium enterprises
  • Freelancers
Products
  • Membership shared offices
  • Workspace provision

Competitive Advantage

Strengths

  • Historic and trusted brand
  • Stable revenue base centered on building leasing
  • High-quality condominium brand for sale
  • Expertise in asset securitization using SPCs
  • Diverse business portfolio adaptable to various sectors
  • Strong ties with financial institutions
  • Abundant track record in urban redevelopment
  • Synergy effects with group companies
  • High construction and management technology capabilities
  • Active promotion of ESG and sustainability

Competitive Advantages

  • Extensive real estate development capabilities centered in the Greater Tokyo Area
  • Strong financial support within the Fuyo Group
  • Revenue stability from stable tenant portfolio
  • Funding strength through pioneering real estate securitization
  • Leading position as a player in urban redevelopment projects
  • Rich product lineup responding to diverse customer needs
  • Business efficiency and customer service enhancement through digital technology adoption
  • Leadership in environmentally considerate finance such as green bonds
  • Robust connections with broad domestic and international investor networks
  • Detailed community engagement with local areas

Threats

  • Risks from real estate market fluctuations
  • Rising land prices and construction material costs
  • Intensifying competition in urban areas leading to price competition
  • Changes in laws, regulations, and administrative policies
  • Increased funding costs from rising interest rates
  • Slowing housing demand due to population decline and aging society
  • Increased natural disaster risks from climate change
  • Revenue fluctuations from tenant turnover
  • Decline in competitiveness from delays in digital technology
  • Impact on overseas investments from unstable international situation

Innovations

2024: Advancing large-scale urban regeneration projects

Overview
Focusing on Shibuya Miyamasuzaka redevelopment and enhancing value of Otemachi Tower.
Impact
Generating regional revitalization and long-term stable revenue

2023: Publicly offered hybrid corporate bonds (green bonds) issued

Overview
Issued the world's first environmental bond in the real estate sector domestically.
Impact
Expanded funding from ESG investors

2022: DX promotion for real estate management efficiency

Overview
Improved building management accuracy using IoT sensors and digital twin technology.
Impact
Reduced operating costs and improved tenant satisfaction

2021: Expansion of shared office business with '+OURS series' launch

Overview
Accelerated rollout of membership offices supporting diverse work styles.
Impact
Acquired new customer segments and diversified revenue

2020: Parking business reorganization and growth strategy reinforcement

Overview
Strengthened nationwide expansion by making Japan Parking a subsidiary.
Impact
Established stable new revenue base

Sustainability

  • Implemented environmentally considerate funding through green bond issuance
  • Promoting local environmental improvements via urban regeneration
  • Promoting energy-saving architecture and smart building adoption
  • Implementing resource recycling to reduce environmental impact
  • Strengthening collaborative environmental conservation activities with local communities