Tosei Corporation
Tosei Corporation (JPX: 8923) is trading at ¥1,655.00, about ₹1,015 at today's JPY/INR rate, as of 9 Oct 2026, 2:30 AM ET, up 1.85% today. Indian residents can buy Tosei from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
¥1,624.00
Today's high
¥1,665.00
52 week low
¥1,477.00
52 week high
¥1,943.00
8923 opened at ¥1,624.00, closed previously at ¥1,625.00, and has traded between ¥1,477.00 and ¥1,943.00 over the past 52 weeks.
About
Tosei Corporation, a Tokyo-headquartered real estate firm founded in Japan in 1950 (and known as Tosei Fudosan Co., Ltd. until its rebranding in October 2006), operates across diverse sectors. The company excels in revitalizing real estate by acquiring properties with diminished asset value and implementing improvements to boost their worth. Its development division constructs various property types, including office buildings, commercial facilities, residential complexes like condominiums and detached homes, and hotels. Tosei also maintains a substantial rental portfolio, leasing buildings, apartments, commercial spaces, and parking areas. Furthermore, its fund and consulting segment offers comprehensive asset management for real estate funds, corporate advisory services, property acquisition and disposition, alongside investment management and financial instrument activities. The property management arm provides services such as building oversight, security, renovations, and tenant leasing. Beyond these, Tosei engages in general real estate consultancy, brokerage, and the planning, operation, and management of hotels.
Key statistics
Avg. volume
256.69K
Market cap
¥160.55B
P/E Ratio
10.34
Price-to-sales ratio
1.46
Enterprise value
¥302.67B
Free cash flow yield
-2.86%
Debt-to-equity ratio
1.68
Return on equity
14.35%
ROIC
5.21%
Beta
0.07
Dividend yield
3.02%
Last dividend
¥50.00
Financial overview
Revenue
¥94.69B
Earnings per share
¥152.18
Free cash flow
-¥4.52B
Net profit margin
14.07%
Gross margin
38.61%
EBITDA
¥24.71B
Revenue growth
15.20%
Similar securities
This is not an investment recommendation
How to buy Tosei from India
Indian residents can buy Tosei shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers. Read the full guide: how to invest in Tosei from India
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to JPY.
Search for Tosei and place an order
Find Tosei by name or by its ticker, 8923, and choose an order type. The Tokyo Stock Exchange typically trades in units of 100 shares. Tosei trades 5:30 am – 12:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Tosei position in JPY and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying Tosei from India
Trading and limits
- Trading hours
- 9:00 am – 3:30 pm JST
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Tosei’s current yield is 3.02%.Dividend tax explained
- Estate or inheritance tax
- May applyJapan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.Estate tax explained
FAQs
Can Indian residents buy Tosei stock?
Yes. Tosei (8923) has been listed on the Tokyo Stock Exchange since 2006, in the Real Estate - Diversified industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to JPY. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Tosei share cost in rupees?
One Tosei share is ¥1,655.00 — about ₹1,015 at a JPY/INR rate of 0.6130 on 8 Oct 2026. Both the Tosei price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Tosei from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Tosei?
The Tokyo Stock Exchange typically trades in units of 100 shares.
How are gains on Tosei shares taxed in India?
Japan generally does not levy capital gains tax on non-resident individual investors, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the JPY/INR rate on the purchase and the sale date, so the rupee move counts alongside the Tosei price. Paasa issues a capital-gains statement for your return.
Does Tosei pay a dividend, and how is it taxed in India?
Yes. Tosei pays a dividend and the current yield is 3.02%; the last declared dividend was ¥50.00 per share, about ₹30.65. Dividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Tosei from India?
The Tokyo Stock Exchange trades 5:30 am – 12:00 pm IST in Indian time. It also halts for lunch, 8:00 am – 9:00 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Tosei shares held from India?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. It applies to your overall holdings in that jurisdiction rather than to any one position.
Do I have to declare Tosei shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Tosei holding, its cost and its closing value.
How do I sell Tosei and bring the money back to India?
You sell during market hours (5:30 am – 12:00 pm IST) and the proceeds settle in JPY in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.