Tokyo Stock Exchange · Real Estate
Invest in Tsukuruba stock from India
Indian and foreign residents can buy Tsukuruba (2978) shares directly through Paasa.
By Paasa · Updated
Tsukuruba at a glance
- Price
- ¥314.00-¥6.00 (1.88%)
- Market cap
- ¥3.68B
- Day range
- ¥309.00 – ¥322.00
- P/E
- 28.39
- Dividend yield
- None
- Volume
- 15.30K
- 1 month
- -8.45%
- 6 months
- -25.94%
- YTD
- -32.03%
- 1 year
- -46.69%
- 5 years
- -69.60%
Tsukuruba statements, FY2022–FY2026
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | ¥11.3B | ¥8.1B | ¥5.5B | ¥4.2B | ¥2.8B |
| Gross profit | ¥3.9B | ¥3.5B | ¥2.8B | ¥2.5B | ¥1.8B |
| Operating income | ¥169.9M | ¥274.0M | ¥155.3M | −¥132.5M | −¥774.0M |
| Net income | ¥127.4M | ¥106.6M | ¥215.7M | −¥165.5M | −¥822.4M |
| Earnings per share | ¥10.99 | ¥9.38 | ¥18.26 | −¥14.83 | −¥74.37 |
| EBITDA | ¥192.9M | ¥231.8M | ¥251.0M | −¥111.1M | −¥771.4M |
| Total assets | ¥6.2B | ¥6.1B | ¥4.2B | ¥3.1B | ¥2.9B |
| Total debt | ¥3.4B | ¥3.7B | ¥2.1B | ¥1.2B | ¥1.6B |
| Cash and short-term investments | ¥1.7B | ¥1.9B | ¥1.9B | ¥1.8B | ¥1.7B |
| Shareholders' equity | ¥2.2B | ¥1.9B | ¥1.8B | ¥1.5B | ¥909.6M |
| Operating cash flow | ¥16.1M | −¥1.5B | −¥900.6M | −¥85.5M | −¥1.0B |
| Free cash flow | −¥75.0M | −¥1.5B | −¥939.0M | −¥94.3M | −¥1.1B |
| Capital expenditure | −¥91.1M | −¥22.0M | −¥38.5M | −¥8.9M | −¥86.1M |
Fiscal years as reported, the latest ending 31 Jul 2026. Figures in JPY; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Elitz | 5533.T | ¥2,215.00 | ¥7.78B |
| WILL | 3241.T | ¥601.00 | ¥6.94B |
| Yamaichi Uniheim Real Estate | 2984.T | ¥785.00 | ¥6.81B |
| Koryojyuhan | 3495.T | ¥2,267.00 | ¥6.31B |
| AZUMA HOUSE | 3293.T | ¥767.00 | ¥6.17B |
| AMG | 8891.T | ¥2,123.00 | ¥5.95B |
| Land Business | 8944.T | ¥251.00 | ¥4.98B |
| Living Technologies | 4445.T | ¥1,960.00 | ¥4.67B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Tsukuruba from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to JPY when you buy.
Step 3
Search 2978 and buy
Find Tsukuruba by name or by its ticker, 2978, and place your order. The Tokyo Stock Exchange typically trades in units of 100 shares.
Why invest in Tsukuruba from India
What Tsukuruba does
Tsukuruba Inc. specializes in technology-driven services for the real estate sector. A key initiative is their creation of cowcamo, a digital brokerage platform tailored for pre-owned and refurbished properties. Tsukuruba operates in the Real Estate - Services industry within the Real Estate sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Here's what inheritance rules in Japan mean for your Tsukuruba shares.
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.
Frequently asked questions
Can I buy Tsukuruba stock from India?
Yes. Indian residents and NRIs can buy Tsukuruba (2978) shares directly through Paasa. Tsukuruba is listed on the Tokyo Stock Exchange, in the Real Estate - Services industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Tsukuruba share?
Usually more than one, and not a fraction: the Tokyo Stock Exchange typically trades in units of 100 shares. At ¥314.00 a share, size the order by the lot, not by the share.
How are Tsukuruba dividends taxed for Indian investors?
Tsukuruba does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, 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, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell Tsukuruba shares?
Japan generally does not levy capital gains tax on non-resident individual investors. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the JPY/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
What happens to my Tsukuruba shares if I pass away?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. The rule looks at everything you hold there, not at Tsukuruba alone.