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TOC

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uuid003lnd6

Namestring
TOC
Websiteurl
toc.co.jp
Company typeenum
Private
Founded yearint
1926
Descriptiontext

TOC Co., Ltd. is a Tokyo-based, publicly listed commercial real estate lessor trading on the Tokyo Stock Exchange under ticker tyo:8841. Founded in 1926, the company leases commercial real estate properties in Tokyo with a lean operating team of 51-100 employees, indicating an asset-heavy model where corporate value sits primarily on the balance sheet rather than in labor or technology infrastructure. The company is domiciled in Japan and operates for profit under continuous public listing status.

Financially, TOC reported revenue of approximately ¥95.5B in the most recent fiscal year (2026), down materially from ¥134.2B in 2022 — a roughly 29% top-line contraction over four years. Gross profit fell from ¥60.9B (2022) to ¥26.6B (2026), and operating income compressed from ¥47.2B to ¥15.5B over the same period, indicating significant portfolio rationalization or asset disposition activity. EBITDA of ¥23.8B in 2026 and net income of ¥14.6B demonstrate the company remains profitable on an operating basis despite the top-line decline. Enterprise value expanded from ¥268.6B (2022) to ¥339.7B (2026), suggesting valuation is being driven by balance-sheet asset re-rating rather than operating performance.

The business model is straightforward commercial real estate leasing: TOC owns and leases properties to tenants under multi-year contractual arrangements. No technology platform, AI capability, or differentiated product offering is disclosed. Customer base, tenant mix, and lease expiry schedules are not provided in the source data, representing a material information gap for any investor assessment. The company maintains a publicly accessible corporate website (toc.co.jp) though the extracted page content showed only a loading/verification screen.

Short descriptiontext

TOC Co., Ltd. is a Tokyo-based, publicly listed (tyo:8841) commercial real estate lessor founded in 1926. The company leases commercial properties in Tokyo, generating roughly ¥95B in annual revenue with a lean 51-100 employee operating team.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersTokyo, Japan
HQ citystring
Tokyo
HQ countrystring
Japan
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
commercial real estate leasing, office space rental, property management, commercial buildings, corporate property leasing
NAICS code1 code
  • Rental and Leasing Services532
SIC code1 code
  • Services-To Dwellings & Other Buildings7340
Product category
Commercial Real Estate Leasing
No data
Cost components4 values
Operations, Infrastructure, Personnel, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

TOC is a Tokyo-based real estate company that leases commercial real estate properties, primarily office space and commercial buildings, to corporate tenants. Founded in 1926 and publicly traded on the Tokyo Stock Exchange (TYO: 8841), TOC generates revenue by renting out its owned portfolio of commercial properties to business customers in Japan.

Differentiator
Functional benefit
Problem solved
Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Peers8 records
1Mitsubishi Estate
TypeBroad incumbent
Description

Japan's largest commercial real estate developer and lessor, focused on Tokyo office and mixed-use properties. Directly comparable business model of leasing premium Tokyo commercial real estate, though at vastly greater scale.

2Kenedix
TypeRegional player
Description

Tokyo-based alternative real estate investment manager with commercial real estate assets and funds. Comparable regional Tokyo real estate operator, though more asset-management oriented.

3Nippon Building Fund
TypeDirect peer
Description

Tokyo Stock Exchange-listed J-REIT focused on office buildings, predominantly in Tokyo. Provides a listed-investor benchmark for the Tokyo office leasing economics that drive TOC's revenue.

4Sumitomo Realty & Development
TypeBroad incumbent
Description

Large Japanese real estate company operating office leasing, development, and related property services. Overlaps with TOC in the leasing of commercial real estate to corporate tenants.

5Mitsui Fudosan
TypeBroad incumbent
Description

Major Japanese real estate developer and landlord with extensive Tokyo office and retail leasing operations. Operates in the same Tokyo-centric commercial leasing market as TOC.

6Tokyo Tatemono
TypeDirect peer
Description

Tokyo-focused commercial real estate developer and lessor with a similar mid-cap profile and concentration in central Tokyo office assets. Closest direct comparable by size, geography, and product.

7Japan Real Estate Investment Corp
TypeDirect peer
Description

Office-focused J-REIT investing primarily in Tokyo Grade-A properties. Another listed benchmark for institutional Tokyo office leasing performance and capitalization rates.

8Tokyu Land
TypeBroad incumbent
Description

Diversified Japanese real estate company with significant office and commercial leasing operations in Tokyo. Comparable as a Tokyo-listed landlord of commercial property.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

TOC

Commercial Real Estate Leasingtoc.co.jp

TOC Co., Ltd. is a Tokyo-based, publicly listed (tyo:8841) commercial real estate lessor founded in 1926. The company leases commercial properties in Tokyo, generating roughly ¥95B in annual revenue with a lean 51-100 employee operating team.

What TOC does

TOC Co., Ltd. is a Tokyo-based, publicly listed commercial real estate lessor trading on the Tokyo Stock Exchange under ticker tyo:8841. Founded in 1926, the company leases commercial real estate properties in Tokyo with a lean operating team of 51-100 employees, indicating an asset-heavy model where corporate value sits primarily on the balance sheet rather than in labor or technology infrastructure. The company is domiciled in Japan and operates for profit under continuous public listing status.

Financially, TOC reported revenue of approximately ¥95.5B in the most recent fiscal year (2026), down materially from ¥134.2B in 2022 — a roughly 29% top-line contraction over four years. Gross profit fell from ¥60.9B (2022) to ¥26.6B (2026), and operating income compressed from ¥47.2B to ¥15.5B over the same period, indicating significant portfolio rationalization or asset disposition activity. EBITDA of ¥23.8B in 2026 and net income of ¥14.6B demonstrate the company remains profitable on an operating basis despite the top-line decline. Enterprise value expanded from ¥268.6B (2022) to ¥339.7B (2026), suggesting valuation is being driven by balance-sheet asset re-rating rather than operating performance.

The business model is straightforward commercial real estate leasing: TOC owns and leases properties to tenants under multi-year contractual arrangements. No technology platform, AI capability, or differentiated product offering is disclosed. Customer base, tenant mix, and lease expiry schedules are not provided in the source data, representing a material information gap for any investor assessment. The company maintains a publicly accessible corporate website (toc.co.jp) though the extracted page content showed only a loading/verification screen.

TOC firmographics

Firmographics
Name
TOC
Website
https://toc.co.jp
Company type
Private
Founded year
1926
Operating status
Operating
Headcount range
51–100 employees
Short description
TOC Co., Ltd. is a Tokyo-based, publicly listed (tyo:8841) commercial real estate lessor founded in 1926. The company leases commercial properties in Tokyo, generating roughly ¥95B in annual revenue with a lean 51-100 employee operating team.
Ownership category
akta.pro rank

Where TOC is headquartered

Location

Headquarters

HQ city
Tokyo
HQ country
Japan
HQ region
Asia

Markets served

TOC business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Personnel, Others

TOC product offering

Product offering

Core offering

TOC is a Tokyo-based real estate company that leases commercial real estate properties, primarily office space and commercial buildings, to corporate tenants. Founded in 1926 and publicly traded on the Tokyo Stock Exchange (TYO: 8841), TOC generates revenue by renting out its owned portfolio of commercial properties to business customers in Japan.

Differentiator

Problem solved

Functional benefit

Companies that use TOC

Customer profile

Ideal customer profiles1 record

TOC technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

TOC partnerships and signals

Strategic signal

Recent moves4 records

TOC competitors and assessment

Company assessment

Broad incumbents

  • Mitsubishi Estate: Japan's largest commercial real estate developer and lessor, focused on Tokyo office and mixed-use properties. Directly comparable business model of leasing premium Tokyo commercial real estate, though at vastly greater scale.
  • Sumitomo Realty & Development: Large Japanese real estate company operating office leasing, development, and related property services. Overlaps with TOC in the leasing of commercial real estate to corporate tenants.
  • Mitsui Fudosan: Major Japanese real estate developer and landlord with extensive Tokyo office and retail leasing operations. Operates in the same Tokyo-centric commercial leasing market as TOC.
  • Tokyu Land: Diversified Japanese real estate company with significant office and commercial leasing operations in Tokyo. Comparable as a Tokyo-listed landlord of commercial property.

Regional players

  • Kenedix: Tokyo-based alternative real estate investment manager with commercial real estate assets and funds. Comparable regional Tokyo real estate operator, though more asset-management oriented.

Direct peers

  • Nippon Building Fund: Tokyo Stock Exchange-listed J-REIT focused on office buildings, predominantly in Tokyo. Provides a listed-investor benchmark for the Tokyo office leasing economics that drive TOC's revenue.
  • Tokyo Tatemono: Tokyo-focused commercial real estate developer and lessor with a similar mid-cap profile and concentration in central Tokyo office assets. Closest direct comparable by size, geography, and product.
  • Japan Real Estate Investment Corp: Office-focused J-REIT investing primarily in Tokyo Grade-A properties. Another listed benchmark for institutional Tokyo office leasing performance and capitalization rates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

TOC financial estimates

Financial estimate

Revenue estimate

Valuation estimate

TOC leadership team

Management profile

Number of profiles

TOC funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

TOC M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TOC

What does TOC do?

TOC is a Tokyo-based real estate company that leases commercial real estate properties, primarily office space and commercial buildings, to corporate tenants. Founded in 1926 and publicly traded on the Tokyo Stock Exchange (TYO: 8841), TOC generates revenue by renting out its owned portfolio of commercial properties to business customers in Japan.

Is TOC a public or private company?

TOC is a private company. It is classified as public and is currently operating.

When was TOC founded?

TOC was founded in 1926. It employs 51 to 100 people.

Where is TOC based?

TOC is headquartered in Tokyo, Japan, in the Asia region.

Who are TOC's main competitors?

Broad incumbents on record are Mitsubishi Estate, Sumitomo Realty & Development, Mitsui Fudosan and Tokyu Land. Kenedix is listed as a regional player. Direct peers are Nippon Building Fund, Tokyo Tatemono and Japan Real Estate Investment Corp.

Does TOC have an API?

No public API is recorded for TOC.

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