Tokyotokeiba Co (TSE:9672) Construction In Progress: 円4,153 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:9672 Tokyotokeiba Co Ltd TSE:9672
88 GF Score
Price 円4,850.00
GF Value 円4,879.81
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Tokyotokeiba Co Construction In Progress?

Tokyotokeiba Co TSE:9672 -1.32% 88 Construction In Progress is 円4,153 Mil as of Dec. 2025. GuruFocus rates TSE:9672 with a GF Score™ of 88/100 and a GF Value™ of 円4,879.81 (Fairly Valued). The stock has 3 warning signs investors should review.

Tokyotokeiba Co's quarterly construction in progress increased from Jun. 2025 (円384 Mil) to Sep. 2025 (円4,407 Mil) but then declined from Sep. 2025 (円4,407 Mil) to Dec. 2025 (円4,153 Mil).

Tokyotokeiba Co's annual construction in progress declined from Dec. 2023 (円10,785 Mil) to Dec. 2024 (円183 Mil) but then increased from Dec. 2024 (円183 Mil) to Dec. 2025 (円4,153 Mil).


Tokyotokeiba Co Construction In Progress Historical Data

* Premium members only.

The historical data trend for Tokyotokeiba Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tokyotokeiba Co Construction In Progress Chart

Tokyotokeiba Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 296.53 2,804.05 10,784.65 182.90 4,153.21

Tokyotokeiba Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 344.92 384.35 4,407.11 4,153.21 4,405.87
TSE:9672
88GF Score
Tokyotokeiba Co Ltd TSE:9672
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyotokeiba Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円4,153 Mil mean?
Tokyotokeiba Co (TSE:9672) has a Construction In Progress of 円4,153 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Tokyotokeiba Co and its competitors.
Is Tokyotokeiba Co's Construction In Progress too high?
Tokyotokeiba Co's current Construction In Progress is 円4,153 Mil. Overall, Tokyotokeiba Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyotokeiba Co's Construction In Progress compare to FLUT and DKNG?
Tokyotokeiba Co's Construction In Progress of 円4,153 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Travel & Leisure company?
A good Construction In Progress depends on the Travel & Leisure industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Tokyotokeiba Co and its competitors. Tokyotokeiba Co's current Construction In Progress is 円4,153 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyotokeiba Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyotokeiba Co (TSE:9672) is currently considered Fairly Valued. The stock's GF Value™ is 円4,879.81, compared to a current price of 円4,850.00 — trading 0.6% below its estimated fair value. The current Construction In Progress is 円4,153 Mil. Tokyotokeiba Co's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Tokyotokeiba Co (TSE:9672), the current Construction In Progress is 円4,153 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tokyotokeiba Co (TSE:9672) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyotokeiba Co stock appears to be undervalued. The current stock price of 円4,850.00 is trading 0.6% below its estimated GF Value™ of 円4,879.81. GuruFocus considers Tokyotokeiba Co to be Fairly Valued.

Key valuation signals for TSE:9672:

  • Construction In Progress: 円4,153 Mil
  • GF Value™: 円4,879.81 vs. price of 円4,850.00 (0.6% below fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the TSE:9672 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyotokeiba Co Business Description

Address 1-6-8 Omori Kita, Ota-ku, Tokyo, JPN, 143-0016
Tokyotokeiba Co Ltd is a gambling company engaged in horse racing. The company has four business segments: public competition, amusement park, warehouse leasing, and service. The public competition segment operates horse and auto race tracks. The amusement park segment operates Tokyo Summerland. The warehouse leasing segment leases logistics warehouses, and the service segment leases commercial facilities. The company generates the vast majority of its revenue in Japan.
88GF Score

Get the complete analysis for TSE:9672

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,850.00
Price
円4,879.81
GF Value