TOSEI CORPORATION
8923トーセイ株式会社
Latest half-year results
First half · fiscal year to 2026-11 · filed 2026-07-10For the first half of the fiscal year to 2026-11: Revenue ¥86 billion (+30.1% YoY), Profit before tax ¥20.1 billion (+19.9% YoY), Net income ¥13.8 billion (+12.9% YoY).
| This period | Year on year | |
|---|---|---|
| Revenue | ¥86.0bn | +30.1% |
| Profit before tax | ¥20.1bn | +19.9% |
| Net profit to owners | ¥13.8bn | +12.9% |
From the securities report on EDINET, which states no forecast. History via /v1/companies/8923/earnings-releases.
Financials
IFRS · consolidated · fiscal year to 2025-11-30- Revenue
- ¥94.7bn
- Net income
- ¥14.8bn
- ROE
- 15.3%
- Equity ratio
- 33.4%
- Dividend / share
- ¥100
- Employees
- 875
| Fiscal year | Revenue | Net income | Total assets | Net assets | ROE | EPS | Operating CF |
|---|---|---|---|---|---|---|---|
| 2025-11-30 | ¥94.7bn | ¥14.8bn | ¥307.4bn | ¥102.8bn | 15.3% | ¥152.18 | −¥1.7bn |
| 2024-11-30 | ¥82.2bn | ¥12.0bn | ¥276.8bn | ¥90.9bn | 13.9% | ¥123.72 | −¥13.0bn |
| 2023-11-30 | ¥79.4bn | ¥10.5bn | ¥245.3bn | ¥82.3bn | 13.6% | ¥109.87 | ¥5.7bn |
| 2022-11-30 | ¥71.0bn | ¥8.6bn | ¥211.0bn | ¥72.3bn | 12.5% | ¥90.83 | −¥0.2bn |
| 2021-11-30 | ¥61.7bn | ¥6.7bn | ¥195.0bn | ¥66.0bn | 10.8% | ¥71.28 | ¥1.0bn |
Indicators
Computed by us from filings · fiscal year to 2025-11-30| Metric | Value | Percentile among listed companies |
|---|---|---|
| ROE, % | 15.3 | 78.7 |
| Ordinary margin | 0.2179 | 92 |
| Equity ratio, % | 33.4 | 17.6 |
| Revenue growth | 0.152 | 80.6 |
| Net income growth | 0.2311 | 59.2 |
| Operating cash flow / assets | -0.0056 | 14.8 |
Results wording balance: +0.85. Proprietary text method; it describes the wording only and does not interpret context.
Interest example: if all ¥182.6bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥913m. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.
Via /v1/companies/8923/indicators. Descriptive figures, not a rating and not investment advice.
From other filings
As the company states them/v1/companies/8923/buybacksSegments, votes and tender offers
Stated in EDINET filings/v1/companies/8923/segments/v1/companies/8923/votingOwnership changes
All companies →- 2026-10-28
Dalton Investments, Inc. changed its stated purpose for holding TOSEI CORPORATION (8923): may_make_proposals, shareholder_value_engagement -> shareholder_value_engagement.
- 2026-10-28
Dalton Investments, Inc. raised holdings in TOSEI CORPORATION (8923) to 7.62% from 6.07%.
- 2026-07-13
Dalton Investments, Inc. states it may make proposals to the management of TOSEI CORPORATION (8923) (new compared with its previous filing).
- 2026-07-13
Dalton Investments, Inc. raised holdings in TOSEI CORPORATION (8923) to 6.07% from 5.00%.
- 2026-04-06
Grantham, Mayo, Van Otterloo & Co. LLC disclosed a 5.07% stake in TOSEI CORPORATION (8923), crossing the 5% reporting threshold.
- 2025-06-05
Dalton Investments, Inc. disclosed a 5.00% stake in TOSEI CORPORATION (8923), crossing the 5% reporting threshold.
- 2025-02-12
individual filer raised holdings in TOSEI CORPORATION (8923) to 24.48% from 23.39%.
- 2024-11-19
Dalton Investments, Inc. cut holdings in TOSEI CORPORATION (8923) to 3.72% from 5.02%, below the 5% threshold.
- 2024-06-06
individual filer reduced holdings in TOSEI CORPORATION (8923) to 23.39% from 38.79%.
- 2024-06-06
Holdings of individual filer in TOSEI CORPORATION (8923) moved below 33.4% (38.79% -> 23.39%).
Trades by 5% holders
From the 60-day trade tables in 5% reports| Holder | Period | Net shares | Net % of shares | Avg. filed price | Range |
|---|---|---|---|---|---|
| Dalton Investments, Inc. | 2024-04-02 – 2026-10-21 | +2,034,300 | +2.89pt | ¥2,352.3 | ¥2,349–2,369 |
| Grantham, individual holder, Van Otterloo & Co. LLC | 2023-03-16 – 2026-03-30 | +464,300 | +0.74pt | — | — |
| individual filer | 2025-02-04 – 2025-02-04 | +515,000 | +1.06pt | ¥2,304 | ¥2,304–2,304 |
| individual filer | 2024-06-04 – 2024-06-04 | -7,500,100 | −15.41pt | ¥2,370 | ¥2,370–2,370 |
| 名古屋鉄道株式会社 | 2024-05-24 – 2024-05-24 | +7,500,100 | +15.41pt | ¥2,370 | ¥2,370–2,370 |
| Grantham, individual holder, Van Ottterloo & Co. LLC | 2022-07-29 – 2022-08-17 | -28,500 | −0.06pt | — | — |
Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/8923/trades.
5% filings
Large shareholding reports on 8923| Filed | Filer | Stake | Change | Stated purpose |
|---|---|---|---|---|
| 2026-10-28 | Dalton Investments, Inc. | 7.62% | +1.55pt | shareholder value engagement |
| 2026-07-13 | Dalton Investments, Inc. | 6.07% | +1.07pt | may make proposals shareholder value engagement |
| 2026-04-06 | Grantham, Mayo, Van Otterloo & Co. LLC | 5.07% | — | may make proposals pure investment |
| 2025-06-05 | Dalton Investments, Inc. | 5.00% | — | shareholder value engagement |
| 2025-02-12 | individual filer | 24.48% | +1.09pt | management participation |
| 2024-11-19 | Dalton Investments, Inc. | 3.72% | −1.30pt | shareholder value engagement |
| 2024-06-06 | individual filer | 23.39% | −15.40pt | management participation |
| 2024-06-03 | Dalton Investments, Inc. | 5.02% | — | shareholder value engagement |
| 2024-05-30 | individual filer | 38.79% | −0.34pt | management participation |
| 2024-05-29 | Nagoya Railroad Co., Ltd. | 15.41% | — | business alliance |
Cross-shareholdings
From the annual report's status of shareholdings- Listed strategic holdings
- — issues
- Book value
- —
- Sold in the year
- — — issues
- Bought in the year
- — — issues
- Mutual, both reports
- 0
- Held by listed cos.
- 1
Held by: Aozora Bank, Ltd. 8304
Purposes, all holdings and mutual flags via /v1/companies/8923/cross-holdings. Share changes include stock splits.
Major shareholders
As of fiscal year end 2025-11-30| Shareholder | Shares | Ratio |
|---|---|---|
| 名古屋鉄道株式会社 | 7,500,100 | 15.46% |
| 有限会社ゼウスキャピタル | 6,000,000 | 12.37% |
| individual holder | 5,393,131 | 11.12% |
| 日本マスタートラスト信託銀行株式会社（信託口） | 4,083,400 | 8.42% |
| STATE STREET BANK AND TRUST COMPANY 505001 | 1,855,521 | 3.82% |
| 株式会社日本カストディ銀行（信託口） | 1,709,300 | 3.52% |
| きらぼしキャピタル東京Sparkle投資事業有限責任組合 | 1,000,000 | 2.06% |
| SMBC日興証券株式会社 | 755,654 | 1.55% |
| HOST-PLUS PTY LIMITED-HOSTPLUS POOLED SUPERANNUATION TRUST HOSKING PARTNERS LLP | 751,267 | 1.54% |
| CACEIS BANK, LUXEMBOURG BRANCH / AIF CLIENTS ASSETS | 740,800 | 1.52% |
U.S. funds holding 8923
SEC Form N-PORT, reports to 2026-07-3158 U.S. funds held 7,576,443 shares worth $83.2m.
| Fund | Shares | Value | % of fund | As of |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 784,966 | $8.9m | 0.001% | 2026-07-31 |
| Fidelity International Real Estate Fund Fidelity Select Portfolios | 591,900 | $6.7m | 2.077% | 2026-07-31 |
| Third Avenue International Real Estate Value Fund Third Avenue Trust | 556,900 | $6.3m | 5.599% | 2026-07-31 |
| VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS | 553,804 | $5.8m | 0.002% | 2026-06-30 |
| Rainier International Discovery Series Manning & Napier Fund, Inc. | 495,200 | $5.6m | 1.542% | 2026-07-31 |
Up to 25 funds per stock via the API.
Get this as JSON
GET /v1/companies/8923
GET /v1/companies/8923/financials
GET /v1/companies/8923/details
GET /v1/companies/8923/segments
GET /v1/companies/8923/voting
GET /v1/companies/8923/tender-offers
GET /v1/companies/8923/indicators
GET /v1/companies/8923/earnings-releases
GET /v1/events?ticker=8923
GET /v1/companies/8923/trades
GET /v1/companies/8923/cross-holdings
GET /v1/companies/8923/brief