Nippon Building Fund stock gets a JPY 164,300 target from Tokai-Tokyo

Published on 10/08/2026 at 06:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nippon Building Fund stock delivered JPY 53,858 million in H1 2026 revenue, up 10.9 percent year over year. Net income rose 26.2 percent to JPY 24,354 million.

NBF, JP3027670003, Illustration mit AI erstellt.

Nippon Building Fund stock has a JPY 164,300.00 price target from Tokai-Tokyo Securities, while H1 2026 net income rose 26.2 percent to JPY 24,354 million. IT BOLTWISE reported the Buy rating and target on October 7, 2026, giving the latest trading story a clear valuation reference.

Tokai-Tokyo sets a higher bar

The target stands 40.3 percent above the JPY 117,100 price seen in trading on October 8, 2026. That gap is wider than the broader analyst view, because the consensus rating is Hold with a JPY 143,042.61 target, according to IT BOLTWISE on October 7, 2026.

The difference matters because the consensus target is 22.1 percent above the same price, compared with 40.3 percent for Tokai-Tokyo. For investors, the market is therefore separating the stronger single-house view from the more restrained aggregate assessment.

H1 earnings support the case

Nippon Building Fund generated JPY 53,858 million of operating revenue in the first half of 2026, an increase of 10.9 percent from the prior-year period. Operating income reached JPY 26,694 million, up 25.8 percent, while distribution per unit rose 1.4 percent to JPY 2,489, according to Quartr in its H1 2026 earnings summary dated August 17, 2026.

The same summary puts the portfolio loan-to-value ratio at 42.6 percent and the long-term fixed-interest ratio at 76.9 percent. Those figures frame the main counter-factor to the earnings growth: refinancing costs and interest-rate exposure remain central to how much of the operating improvement reaches distributions.

Stock remains near its yearly low

Nippon Building Fund was last at JPY 117,100 on JPX on October 8, 2026, at 1:25 p.m. JST, up JPY 200 or 0.17 percent from the prior close. The session range was JPY 115,800 to JPY 117,100, and volume stood at 17,358 units.

The JPY 117,100 price sits 23.1 percent below the JPY 152,300 52-week high and only 1.8 percent above the JPY 115,000 low. Market capitalization was JPY 1.0 trillion on October 8, 2026, keeping the valuation gap to the JPY 164,300 target visible in the stock itself.

February 2027 results mark the next checkpoint

Quartr lists February 16, 2027 as the next Nippon Building Fund earnings date. The company focuses on office properties in Tokyo and other Japanese cities, and its 8951.T listing is identified as JPX in JPY by El Fondo.