Company profile

TRUST Holdings Inc.

EDINET
E27464
Securities
3286
Industry
Real Estate
Latest annual securities report
2026-09-28 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-09-28 Internal Control Report PDF HTML
Compare this company

Industry position

Real Estate

View details
Profitability Weak Current Bottom 3% 5-year trend Deteriorating
Financial strength Weak Based on Equity ratio Current Bottom 3% 5-year trend Broadly stable
Growth Weak Current Bottom 10% 5-year trend Deteriorating
Cash generation Below average Current Bottom 39% 5-year trend Deteriorating

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥11.8 billion, down 8.4% year over year. Operating income moved into a loss of -¥521.33 million. Operating margin was -4.4%. Net income moved into a loss of -¥711.41 million. ROE was -156.7%; equity ratio was 4.4%; free cash flow was -¥605.33 million.

Revenue ¥11.8B down 8.4% year over year
Operating income -¥521.33M down 198.4% year over year
Net income -¥711.41M down 305.6% year over year
Total assets¥10.23B
Total equity—
Operating cash flow-¥259.6M
Free cash flow-¥605.33M

Industry position details

Real Estate

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Weak

Operating margin Bottom 99% / ROE Bottom 99%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 99%

Growth Weak

Revenue growth Bottom 88% / 3-year revenue CAGR Bottom 96%

Cash generation Below average

Operating cash flow margin Bottom 62% / Free cash flow margin Bottom 64%

Profitability Industry position history Deteriorating
2026 Bottom 3% 2025 Top 44% 2024 Top 39% 2023 Top 43% 2022 Top 46%
Financial strength Industry position history Broadly stable
2026 Bottom 3% 2025 Bottom 4% 2024 Bottom 1% 2023 Bottom 2% 2022 Bottom 2%
Growth Industry position history Deteriorating
2026 Bottom 10% 2025 Bottom 15% 2024 Bottom 28% 2023 Bottom 36% 2022 Bottom 28%
Cash generation Industry position history Deteriorating
2026 Bottom 39% 2025 Bottom 40% 2024 Top 21% 2023 Top 33% 2022 Top 48%
Profitability Operating margin -4.4% Industry median 9.2% Bottom 99% Comparison sample 77
Profitability ROE -156.7% Industry median 9.5% Bottom 99% Comparison sample 77
Financial strength Equity ratio 4.4% Industry median 32.4% Bottom 99% Comparison sample 77
Growth Revenue growth -8.4% Industry median +9.1% Bottom 88% Comparison sample 75
Growth 3-year revenue CAGR -4.2% Industry median +7.4% Bottom 96% Comparison sample 66
Cash generation Operating cash flow margin -2.2% Industry median 0.8% Bottom 62% Comparison sample 77
Cash generation Free cash flow margin -5.1% Industry median -2.7% Bottom 64% Comparison sample 77

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 11804911000 -521333000 -639811000 -711406000 -711406000 -707824000 10232043000 9778049000 453994000 452038000 453994000 -259597000 -345731000 908092000 -605328000 2014581000 -184.53 117.27 5204500 0.0443698292 0.044 -1.5669942775 -0.0695272684 -0.0441623829 -0.0541987144 -0.0602635632 -0.0219905936 -0.051277642 -0.084004732 -1.9836917143 -2.3478927687 -3.0563779264 0.1719272602 -0.627218347 0.6481400408 -0.5330120076 15.1634874834 0.3716159612 0.1768670366 -3.0378796245 0.0 0.0204081633 200
FY2025 Consolidated Japanese GAAP 12887524000 529976000 474675000 345951000 345951000 344996000 8730954000 7513098000 1217855000 1219481000 1217855000 -737785000 -225524000 -64115000 -963309000 1711817000 90.55 10.8 977.940 5089688730.000 317.76 5204500 0.139487048 0.139 0.2840658371 0.0396235051 0.0411231824 0.0368321332 0.0268438685 -0.057248002 -0.0747474069 -0.0588960899 -0.2156300922 -0.2183962365 0.0225102339 -0.0120913371 0.3307636411 -1.434416905 -0.6356423293 0.9606120718 -1.6173265071 -0.375076846 0.0111669458 0.0 0.0710382514 196
FY2024 Consolidated Japanese GAAP 13694050000 675671000 607309000 338335000 338335000 340036000 8837815000 7922659000 915155000 915826000 915155000 1698334000 -137881000 -1627783000 1560453000 2739244000 89.55 8.9 796.995 4147960477.500 240.86 5204500 0.1035499159 0.104 0.3697024001 0.0382826524 0.04934048 0.0443483849 0.0247067157 0.124019848 0.1139511686 0.0205372877 0.1870975563 0.189640312 0.4101933553 -0.0629947265 0.4700198861 0.698412127 0.5096622996 -27.6102996748 1.1710408788 -0.023990451 0.389018148 0.0 0.0701754386 183
FY2023 Consolidated Japanese GAAP 13418471000 569179000 510498000 239921000 239921000 240789000 9431980000 8809434000 622546000 624918000 622546000 999954000 -281196000 -56895000 718758000 2806575000 64.47 5.4 348.138 1811884221.000 166.31 5204500 0.0660037447 0.066 0.3853867827 0.0254369708 0.042417575 0.038044424 0.017879906 0.074520711 0.0535648212 0.0592046014 0.4308026063 0.4747031805 0.8359427609 0.1014108178 0.5604025416 1.3827149903 -0.9483526763 0.8367028879 1.6103906009 0.3086016637 0.8784965035 0.0 -0.1 171
FY2022 Consolidated Japanese GAAP 12668441000 397804000 346170000 130680000 130680000 128472000 8563544000 8164578000 398965000 402205000 398965000 419670000 -144325000 -348414000 275345000 2144713000 34.32 9.1 312.312 1625427804.000 108.43 5204500 0.0465887721 0.047 0.3275475292 0.0152600372 0.0314011803 0.0273253828 0.0103153971 0.0331272017 0.0217347186 0.0267897864 39.0673684211 5.1553032122 0.784660767 -0.0390513347 -0.4495045106 -0.8084340682 0.7173711255 0.6883654243 -0.836112166 -0.0329473172 1.2475442043 0.0 -0.1402714932 190
FY2021 Consolidated Japanese GAAP 12337911000 -10450000 -83308000 73224000 73224000 70942000 8911552000 8186813000 724738000 725769000 724738000 2190734000 -510652000 -1118021000 1680082000 2217783000 15.27 24.0 366.480 1907345160.000 151.1 5204500 0.0813256771 0.081 0.1010351327 0.0082167506 -0.0008469829 -0.0067521965 0.0059348783 0.1775611771 0.1361723229 -0.0901594482 -1.035808396 -1.3420135396 0.2716473898 -0.0615126603 -0.0123090342 1.357240005 0.270470046 0.0506451755 6.3241292123 0.339465804 0.2703826955 0.0 -0.0555555556 221
FY2020 Consolidated Japanese GAAP 13560520000 291831000 243581000 57582000 57582000 62066000 9495655000 8761885000 733770000 732520000 733770000 929364000 -699974000 -1177664000 229390000 1655722000 12.02 28.7 344.974 1795417183.000 153.12 5204500 0.0772742902 0.077 0.0784741813 0.0060640367 0.0215206349 0.0179625118 0.0042462973 0.06853454 0.016916018 -0.0288255162 -0.4416577063 -0.4655099775 -0.7085193622 -0.2034723192 -0.0218238971 -0.5174451328 -0.809625497 -0.236209653 -0.8509600953 -0.3641613258 -0.708747274 0.0 -0.0126582278 234
FY2019 Consolidated Japanese GAAP 13963011000 522674000 455726000 197550000 197550000 197141000 11921312000 11171171000 750141000 753375000 750141000 1925924000 -386806000 -952641000 1539118000 2603997000 41.27 8.5 350.795 1825712577.500 156.84 5204500 0.062924366 0.063 0.2633504901 0.0165711626 0.0374327572 0.0326380893 0.0141480946 0.137930422 0.1102282309 -0.0690636486 -0.2637844797 -0.1006975758 0.7605696564 0.043153175 0.1737477292 -0.3902212451 0.179182803 0.4743777057 -0.4272309764 0.2906920377 0.7621690863 -0.0125 237
FY2018 Consolidated Japanese GAAP 14998889000 709947000 506755000 112208000 112208000 112369000 11428151000 10789052000 639099000 641924000 639099000 3158398000 -471245000 -1812406000 2687153000 2017520000 23.42 18.6 435.612 133.34 0.0559232198 0.056 0.1755721727 0.0098185612 0.0473333058 0.0337861691 0.0074810874 0.2105754633 0.1791568029 -0.147015927 0.1391284535 0.4346765038 1.5813932088 -0.1152999452 0.053132956 2.36123867 -5.8071508722 0.0057043983 1.5895702252 0.7699096412 1.5792951542 -0.0839694656 240
FY2017 Consolidated Japanese GAAP 17584020000 623237000 353219000 43468000 43468000 47924000 12917543000 12310687000 606855000 609840000 606855000 939653000 98030000 -1822804000 1037683000 1139900000 9.08 48.7 442.196 126.74 0.0469791353 0.047 0.0716283132 0.0033650362 0.0354433742 0.0200874999 0.0024720172 0.0534378942 0.0590128423 0.2534091099 1.1264500764 32.6136221248 1.3834306582 -0.2918029237 -0.0497222083 -0.50773147 1.2117274045 -0.5958334026 -0.2822880564 -0.407488649 1.382638011 0.0396825397 262

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp