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Nippon Accommodations Fund Inc.
(3226)
Nippon Accommodations Fund Inc. (3226) vs. iShares MSCI Japan ETF (EWJ)
Nippon Accommodations Fund Inc. Business Overview & Revenue Model
Nippon Accommodations Fund Inc. Financial Statement Overview
| Breakdown | Feb 2025 | Feb 2024 | Aug 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.20B | 25.29B | 25.39B | 24.65B | 23.55B |
| Gross Profit | 7.84B | 15.01B | 14.94B | 14.21B | 13.34B |
| EBITDA | 8.28B | 15.96B | 15.99B | 15.50B | 14.73B |
| Net Income | 5.85B | 11.34B | 11.32B | 10.57B | 9.84B |
Balance Sheet | |||||
| Total Assets | 328.69B | 325.69B | 327.05B | 328.47B | 327.82B |
| Cash, Cash Equivalents and Short-Term Investments | 9.91B | 11.49B | 14.86B | 13.05B | 12.26B |
| Total Debt | 168.50B | 166.00B | 167.50B | 169.50B | 169.50B |
| Total Liabilities | 176.32B | 173.61B | 175.18B | 177.30B | 176.90B |
| Stockholders Equity | 152.37B | 152.08B | 151.87B | 151.17B | 150.93B |
Cash Flow | |||||
| Free Cash Flow | 2.90B | 9.33B | 14.48B | 11.24B | -9.15B |
| Operating Cash Flow | 8.06B | 15.20B | 15.97B | 15.09B | 14.10B |
| Investing Cash Flow | -5.17B | -5.90B | -1.60B | -3.91B | -23.22B |
| Financing Cash Flow | -4.29B | -12.63B | -12.61B | -10.37B | 11.84B |
Nippon Accommodations Fund Inc. Technical Analysis
Nippon Accommodations Fund Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥170.68B | 6.57 | ― | 4.70% | 50.47% | 26.45% | |
73 Outperform | ¥401.99B | 17.54 | 6.92% | 5.16% | -27.01% | 18.03% | |
67 Neutral | ¥354.78B | 23.38 | 5.23% | 4.18% | -5.01% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥278.25B | 10.66 | ― | 4.15% | -0.15% | -2.63% | |
59 Neutral | ¥345.13B | 53.14 | ― | 3.56% | 2.91% | 2.68% |
Nippon Accommodations Fund Inc. Corporate Events
Mitsui Fudosan Accommodations Fund Inc. has arranged a total of ¥4 billion in new long-term bank loans from several domestic lenders, with maturities stretching from 2031 to 2036 and a mix of fixed and TIBOR-linked interest rates. The borrowings will finance the acquisition and associated costs of the Campus terrace Kyudai-Gakkentoshi property scheduled for handover on March 2, 2026, lifting the REIT’s total interest-bearing debt to ¥173.7 billion and slightly increasing its leverage ratio, while the company says there is no material change to its loan repayment risk profile.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen125000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. has arranged new unsecured, unguaranteed loans totaling 6 billion yen from Sumitomo Mitsui Trust Bank, MUFG Bank and Sumitomo Mitsui Banking Corporation, with maturities ranging from 2026 to 2036 and interest rates linked to JBA Japanese Yen TIBOR. The proceeds will be used entirely to refinance existing borrowings, leaving total interest-bearing debt, leverage ratio and long-term debt ratio unchanged, signaling a focus on maintaining a stable capital structure without increasing overall debt levels.
Following the refinancing, the REIT’s total interest-bearing debt remains at 169.7 billion yen and the interest-bearing debt ratio stays at 53.8%, with long-term instruments accounting for 98.8% of that total. The company also stated there is no material change to its loan repayment risk profile, suggesting continuity in its financial risk management and reassuring stakeholders about the stability of its funding base.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen125000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. has completed the planned sale of its domestic residential property Park Axis Takamiya Higashi. The asset, structured via a trust and transferred as a trust beneficiary interest, was sold for ¥790 million, with the buyer’s identity withheld due to lack of consent.
The transaction follows the fund’s previously disclosed acquisition-and-sale strategy announced in December 2025 and reflects ongoing portfolio reshuffling within its accommodation-focused REIT platform. By executing this sale as scheduled, the fund continues to optimize its asset mix and recycle capital, a move likely aimed at enhancing portfolio efficiency and supporting returns for unitholders in Japan’s competitive residential REIT sector.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen125000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. has arranged a new 1.0 billion yen, unsecured and unguaranteed long-term loan from SBI Shinsei Bank at an interest rate of 2.275%, with a maturity date in January 2036 and a bullet repayment structure. The proceeds are being used to refinance an existing 1.0 billion yen borrowing from The Chugoku Bank that matured in early January 2026, resulting in a modest increase in total interest-bearing debt to 169.7 billion yen and a slight uptick in the interest-bearing debt ratio to 53.8%, while maintaining a predominantly long-term funding profile and leaving the company’s previously disclosed risk outlook unchanged.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen125000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. has arranged new long-term borrowings totaling 2.0 billion yen from The Ashikaga Bank and THE NISHI-NIPPON CITY BANK to refinance existing loans, including scheduled repayments to The Ashikaga Bank and The Norinchukin Bank. The refinancing slightly reduces the REIT’s total interest-bearing debt from 170.7 billion yen to 169.7 billion yen and marginally lowers its interest-bearing debt ratio to 53.8%, while maintaining a very high proportion of long-term debt, indicating continued emphasis on funding stability and limited change in overall risk profile for investors.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen125000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. announced a borrowing of 2.5 billion yen to finance the acquisition of two new properties, Park Cube Kinshicho and Park Cube Ueno Sakuragi. This strategic move is expected to strengthen MAF’s asset portfolio and slightly increase its interest-bearing debt ratio, reflecting the company’s ongoing expansion efforts in the real estate market.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen125000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. has revised its financial forecast for the period ending August 31, 2026, reflecting a positive outlook with increased revenue and income projections. The revision is driven by recent acquisitions and sales of domestic properties, resulting in anticipated capital gains and a slight increase in distribution per unit. These strategic moves are expected to enhance MAF’s financial performance and strengthen its market position.
The most recent analyst rating on (JP:3226) stock is a Hold with a Yen135328.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. announced the acquisition of a domestic real estate property, Campus Terrace Kyudai-Gakkentoshi, for 3.2 billion yen. This strategic purchase is intended to enhance the company’s asset portfolio and support its growth objectives, with the handover scheduled for March 2026.
The most recent analyst rating on (JP:3226) stock is a Hold with a Yen135328.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. announced the acquisition of two properties, Park Axis Oshiage Residence and Park Axis Nishi Magome, and the sale of two other properties, Park Axis Tsukishima and Dormy Nishi Ogikubo. The transaction is expected to generate unrealized gains, which will be retained as a reserve fund, supporting the company’s strategy for asset growth and portfolio enhancement.
The most recent analyst rating on (JP:3226) stock is a Hold with a Yen135328.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Inc. has revised its financial results forecast for the period ending February 28, 2026, due to changes in property acquisitions and sales. The revised forecast shows an increase in total revenues and net income, driven by a capital gain from the sale of Park Axis Takamiya Higashi. The impact on the financial results for the subsequent period is expected to be minor, indicating stable future operations.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen109000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.
Mitsui Fudosan Accommodations Fund Management Co., Ltd. announced the acquisition of two properties, Park Cube Kinshicho and Park Cube Ueno Sakuragi, and the sale of Park Axis Takamiya Higashi. The transaction is part of a strategic move to enhance the investment portfolio and realize capital gains, which will be retained as a reserve fund. The sale is expected to yield a significant profit over the book value, which will be used for future acquisitions, debt repayment, and maintenance.
The most recent analyst rating on (JP:3226) stock is a Sell with a Yen109000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.