[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-228405-en":3,"doc-seo-228405-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},228405,1374391974564,"Clementine","https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002",8,"Research & Report","TKP Corporation - FY2/26 Company Plan Upward Revision - Space Regeneration Distribution Growth Outlook","TKP Corporation announced an upward revision to its FY2/26 company plan, citing stronger-than-expected demand for the Space Regeneration Distribution Business driven by improvements in the external environment. Net sales were raised to 104 billion yen and operating profit to 9 billion yen. Enhanced operational efficiency reduced the cost ratio, supporting stronger fundamentals, while solid orders since 2Q reinforced the demand outlook. Profit growth is expected to be further supported by dynamic pricing, additional space offerings, and continued liquidity for business investment, with emphasis on securing the right “space.”","TKP Corporation  \nJuly 30, 2025  \n3479 JP / TSE Growth / Industry: Property Development-Commercial/Office  \nEnvironmental changes directly lead to increased fundamental strength.  \nRevised upward the company plan for FY2/26 .  \n􀂗 The company announced an upward revision to its full-year forecast for FY2/26 . The main reason for the revision is that the improvement in the external environment has directly led to increased demand for the Space Regeneration Distribution Business. Improvements in operational efficiency have reduced the cost ratio, indicating that the company's fundamental strength has been enhanced. However, this comes as no surprise, as the company commented at its 1Q results briefing that orders have been strong since the start of 2Q.  \n􀂗 Considering the impact of the introduction of dynamic pricing, it can be said that sales and EBITDA in the space regeneration distribution business have overcome the COVID-19 pandemic and entered the next stage of growth.  \n􀂗 With the tailwind of the external environment, the company's short-term performance momentum has been confirmed to be strong. Therefore, in the near future, the types of spaces added to the company's service lineup will have a significant impact on profit growth. The company has a track record of repeated selection and concentration. In addition, the company continues to have abundant liquidity, enabling it to make further business investments. We plan to keep a close eye on the company's next move.  \nOn August 14, TKP Corporation (“the company”) announced an upward revision of its FY2/26 company plan. Specifically, net sales were raised to 104 billion yen (up 1 billion yen from the previous plan) and operating profit was raised to 9 billion yen (up 2 billion yen) .  \nAs the trend toward returning to offices has strengthened, offline meetings, seminars, and training sessions have begun to be held, and demand for the space regeneration distribution business has exceeded initial estimates, leading to the upward revision. The fact that the order environment has remained strong even in the second quarter was reported at the first quarter financial results briefing, but this upward revision shows the strength of demand.  \nIn particular, strong demand for relatively high-margin short-term rental projects is driving up profit margins. In addition, the company has improved its cost ratio by bringing back in-house operations that had been outsourced due to the COVID-19 pandemic. Going forward, the impact of the introduction of dynamic pricing is also expected to materialize, which should further strengthen the momentum.  \nAs mentioned during the first-quarter earnings announcement, securing the right“space” will be key to enhancing mid-term growth potential. With over 20 billion yen in cash on hand, the focus should shift from ‘how’ to “what.”  \nGo Saito (WARC Inc. CFO)  \n[ir@warc.jp](ir@warc.jp)  \n\u003CStock Price>  \n\n| Closing Price\u003Cbr>Moving Average\u003Cbr>High Price | 14/08/2025 | 1,873.000 |\n| --- | --- | --- |\n|  | Last 1M | 1,853.524 |\n|  | Last 3M | 1,889.828 |\n|  | Last 6M | 1,798.172 |\n|  | Last 1Y | 2,180.000 |\n| Low Price | Last 1Y | 1,186.000 |\n| Turnover | 14/08/2025 | 91,000 |\n\n(Source) SPEEDA Unit : JPY  \n\u003CValuation>  \n\n| Market cap | 14/08/2025\u003Cbr>(Local time) | 79,488Million |\n| --- | --- | --- |\n| Enterprise Value | LTM | 118,668Million |\n| PER | Latest FY | 19.0x |\n|  | LTM | 24.0x |\n|  | Curt. Est. | 22.5x |\n| PBR | LTM | 1.82x |\n| EV/Sales | Latest FY | 1.91x |\n|  | LTM | 1.62x |\n|  | Curt. Est. | 1.15x |\n| EV/EBITDA | Latest FY | 14.8x |\n|  | LTM | 15.3x |\n|  | Curt. Est. | 13.6x |\n| EV/Operating profit | Latest FY | 19.1x |\n|  | LTM | 19.7x |\n|  | Curt. Est. | 17.0x |\n\n(Source) SPEEDA Unit : JPY  \n\u003CStock Charts> 16/08/2024 – 14/08/2025  \nThis report is for informational purposes only and is not intended as a solicitation or inducement to engage in investment activities, nor is it intended to provide opinions or judgments regarding investments or the","cbCaiaCLdrjcxMTK","https://ap.wps.com/l/cbCaiaCLdrjcxMTK","pdf",802616,1,4,"English","en",105,"# Financial Results\n## FY2/26 forecast revision\n## Demand drivers and operational efficiency\n## Profit outlook and key priorities\n## Stock price and valuation metrics\n## Financial table (revenue, EBITDA, OP, RP, NP, EPS)","[{\"question\":\"What changes did TKP Corporation make to its FY2/26 plan?\",\"answer\":\"TKP Corporation raised net sales to 104 billion yen and operating profit to 9 billion yen in its FY2/26 plan upward revision.\"},{\"question\":\"Why did TKP Corporation revise its forecast upward for FY2/26?\",\"answer\":\"The revision was attributed to an improving external environment that directly increased demand for the Space Regeneration Distribution Business, alongside reduced cost ratio through higher operational efficiency.\"},{\"question\":\"How is dynamic pricing expected to affect future performance?\",\"answer\":\"With the introduction of dynamic pricing, the space regeneration distribution business is expected to see its sales and EBITDA momentum strengthen further, supporting profit growth.\"}]","TKP Corporation - FY2/26 Company Plan Upward Revision - Space Regeneration Distribution Growth Outlook | PDF",1789025347,10,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"tkp-corporation-fy226-company-plan-upward-revision-space-regeneration-distribution-growth-outlook","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":21},"https://docshare.wps.com/document/tkp-corporation-fy226-company-plan-upward-revision-space-regeneration-distribution-growth-outlook/228405/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-09-11","2026-09-10",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What changes did TKP Corporation make to its FY2/26 plan?","Question",{"text":75,"@type":76},"TKP Corporation raised net sales to 104 billion yen and operating profit to 9 billion yen in its FY2/26 plan upward revision.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Why did TKP Corporation revise its forecast upward for FY2/26?",{"text":80,"@type":76},"The revision was attributed to an improving external environment that directly increased demand for the Space Regeneration Distribution Business, alongside reduced cost ratio through higher operational efficiency.",{"name":82,"@type":73,"acceptedAnswer":83},"How is dynamic pricing expected to affect future performance?",{"text":84,"@type":76},"With the introduction of dynamic pricing, the space regeneration distribution business is expected to see its sales and EBITDA momentum strengthen further, supporting profit growth.","https://schema.org",{"og:url":52,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,134],{"id":20,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":46,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":46,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":46,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":29,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":29,"slug":133},"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]