Mitsui Fudosan Co Ltd (JP:8801)
:8801
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Mitsui Fudosan Co
(8801)
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Rating:54Neutral
Price Target:
¥1,559.00
▼(-9.94% Downside)
Action:Reiterated
Date:05/15/26
Overall score reflects solid earnings profitability but meaningful leverage and especially volatile/negative latest free cash flow, combined with bearish technical signals (below major moving averages with negative MACD). Valuation and dividend are reasonable but not compelling enough to offset these risks.
Positive Factors
Recurring leasing income
A large portion of earnings derives from long-term leasing and property operations across offices, retail, logistics and residential rentals. This recurring rent base provides durable cash flow predictability and revenue diversity versus solely transactional development gains.
Negative Factors
Elevated leverage
Material leverage typical for diversified real estate raises sensitivity to interest rates and asset valuations. Rising total debt limits financial flexibility for new investments, increases refinancing risk, and amplifies earnings volatility if market conditions worsen.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring leasing income
A large portion of earnings derives from long-term leasing and property operations across offices, retail, logistics and residential rentals. This recurring rent base provides durable cash flow predictability and revenue diversity versus solely transactional development gains.
Read all positive factors
Mitsui Fudosan Co (8801) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.20T
Dividend Yield1.86%
Average Volume (3M)9.38M
Price to Earnings (P/E)15.0
Beta (1Y)0.83
Revenue Growth3.21%
EPS Growth13.04%
CountryJP
Employees25,593
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)110.99
Shares Outstanding2,755,914,600
10 Day Avg. Volume8,706,250
30 Day Avg. Volume9,382,900
Financial Highlights & Ratios
PEG Ratio1.24
Price to Book (P/B)1.39
Price to Sales (P/S)1.69
P/FCF Ratio-50.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,142.86Price Target Upside23.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)108.1
Revenue Forecast (FY)¥2.77T
Mitsui Fudosan Co Business Overview & Revenue Model
Company Description
Mitsui Fudosan Co., Ltd. operates as a real estate company in Japan. It operates through four segments: Leasing, Property Sales, Management, and Other. The Leasing segment leases office buildings and commercial facilities, and other properties. Th...
How the Company Makes Money
Mitsui Fudosan makes money primarily by (1) earning recurring rental and operating income from properties it owns and manages and (2) generating development-related profits from selling completed properties and residential units, supplemented by (...
Mitsui Fudosan Co Earnings Call Summary
Earnings Call Date:Feb 07, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Positive
The earnings call detailed significant achievements including record highs in various financial metrics, an upward revision of forecasts, and strong performance in segments such as leasing and overseas operations. However, the call also highlighted challenges such as increased interest burden and a decline in property sales to investors. Despite these issues, the positive highlights overshadow the lowlights, indicating overall strong financial health and performance.Positive Updates
Record Highs in Key Financial Metrics
Achieved new record highs for 9-month third quarter in sales, operating income, ordinary income, and profit attributable to owners. Second consecutive record for operating income and third for net profit.
Negative Updates
Interest Burden Increase
Interest burden under net interest income and expense increased by JPY 17.6 billion year-on-year due to rising U.S. interest rates.
Read all updates
Q3-2024 Updates
Positive
Negative
Record Highs in Key Financial Metrics
Achieved new record highs for 9-month third quarter in sales, operating income, ordinary income, and profit attributable to owners. Second consecutive record for operating income and third for net profit.
Read all positive updates
Company Guidance
During the third quarter earnings call for Mitsui Fudosan, Executive Manager Atsuro Uchida highlighted several key metrics reflecting the company's strong financial performance and revised forecasts. The company achieved record highs in sales, operating income, ordinary income, and profit attributable to owners of the parent for the nine-month period, with operating revenue reaching JPY 1.699 trillion, a 4.5% increase year-on-year. Operating income rose by 15% to JPY 245.2 billion, while ordinary income increased by 7.3% to JPY 199.7 billion. Profit attributable to owners of the parent grew by 13.1% to JPY 166.4 billion. The company also revised its full-year forecasts, raising ordinary income from JPY 255 billion to JPY 265 billion and profit attributable to owners of the parent from JPY 215 billion to JPY 220 billion. Additionally, the full-year dividend per share guidance was increased to JPY 72 from JPY 70, signaling confidence in continued strong performance. The call also detailed segment results, with notable improvements in the Leasing and Facility Operations segments, and discussed the impact of foreign exchange rates on the balance sheet. Overall, Mitsui Fudosan demonstrated robust progress toward its financial targets, underpinned by strategic investments and favorable market conditions.Mitsui Fudosan Co Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
58
Neutral
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.80T | 2.71T | 2.63T | 2.38T | 2.27T | 2.10T |
| Gross Profit | 692.16B | 523.81B | 635.13B | 593.13B | 526.68B | 450.44B |
| EBITDA | 569.22B | 624.99B | 513.25B | 473.42B | 430.70B | 356.48B |
| Net Income | 308.01B | 278.68B | 248.80B | 224.65B | 197.00B | 176.99B |
Balance Sheet | ||||||
| Total Assets | 9.75T | 10.10T | 9.86T | 9.49T | 8.84T | 8.21T |
| Cash, Cash Equivalents and Short-Term Investments | 234.28B | 88.02B | 164.17B | 184.28B | 144.26B | 156.23B |
| Total Debt | 4.52T | 4.63T | 4.42T | 4.43T | 4.05T | 3.67T |
| Total Liabilities | 6.43T | 6.72T | 6.59T | 6.25T | 5.81T | 5.29T |
| Stockholders Equity | 3.21T | 3.28T | 3.15T | 3.11T | 2.90T | 2.80T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -91.14B | 327.77B | 20.87B | -65.04B | 29.90B |
| Operating Cash Flow | 0.00 | 145.27B | 599.25B | 241.70B | 297.71B | 271.47B |
| Investing Cash Flow | 0.00 | -177.99B | -320.06B | -368.11B | -421.68B | -202.19B |
| Financing Cash Flow | 0.00 | -60.14B | -271.28B | 141.11B | 111.09B | -147.47B |
Mitsui Fudosan Co Technical Analysis
Negative
1731.00
Price Trends
1673.11
Negative
1783.12
Negative
1705.39
Negative
Market Momentum
-55.19
Negative
40.43
Neutral
60.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8801, the sentiment is Negative. The current price of 1731 is above the 20-day moving average (MA) of 1587.45, above the 50-day MA of 1673.11, and above the 200-day MA of 1705.39, indicating a bearish trend. The MACD of -55.19 indicates Negative momentum. The RSI at 40.43 is Neutral, neither overbought nor oversold. The STOCH value of 60.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8801.
Mitsui Fudosan Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥1.01T | 8.70 | 19.60% | 1.94% | 3.42% | 30.95% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥1.09T | 10.53 | 19.43% | 5.16% | 7.73% | 4.60% | |
61 Neutral | ¥948.78B | 9.73 | 11.06% | 2.88% | 8.32% | 24.62% | |
58 Neutral | ¥154.24B | 14.03 | 8.95% | 3.39% | 20.87% | 16.79% | |
56 Neutral | ¥4.85T | 22.13 | 7.67% | 1.18% | 10.53% | 20.50% | |
54 Neutral | ¥4.20T | 14.95 | 10.15% | 1.86% | 3.21% | 13.04% |
* Real Estate Sector Average
JP:8801
Mitsui Fudosan Co
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Mitsui Fudosan Co Corporate Events
Mitsui Fudosan Launches Up to ¥40 Billion Share Buyback to Boost Shareholder Returns
May 13, 2026
Mitsui Fudosan Co., Ltd. has approved a share repurchase program as part of its capital policy under the Group’s long-term vision, “ INNOVATION 2030,” aiming to enhance shareholder returns through flexible and continuous financia...
Mitsui Fudosan to Retire 37 Million Treasury Shares, Cutting Share Count by 1.36%
May 13, 2026
Mitsui Fudosan will retire 37,378,558 common shares, equivalent to 1.36% of its issued shares, following a resolution by its Board of Directors on May 13, 2026. The retirement, scheduled for May 29, 2026, includes shares repurchased under a 2025 b...
Mitsui Fudosan Raises Year-End Dividend on Strong FY2026 Results
May 13, 2026
Mitsui Fudosan Co., Ltd., a leading Japanese real estate developer listed on the TSE Prime Market, focuses on comprehensive property development and real estate services for a wide range of investors and tenants. Its operations span development, o...
Mitsui Fudosan Hits Record Earnings and Lifts Payouts on Strong Property Business
May 13, 2026
Mitsui Fudosan reported record results for the fiscal year ended March 2024, with revenue from operations, operating income, business income, ordinary income and net income all surpassing prior forecasts and reaching all-time highs. Profit and ret...
Mitsui Fudosan Lifts Profit and Dividends on Strong FY2026 Results
May 13, 2026
Mitsui Fudosan reported consolidated revenue from operations of ¥2,709.7 billion for the fiscal year ended March 31, 2026, up 3.2% year on year, with operating income rising 6.7% to ¥397.8 billion and net income attributable to sharehold...
Mitsui Fudosan Launches ¥40 Billion Share Buyback to Boost Shareholder Returns
May 13, 2026
Mitsui Fudosan Co., Ltd. has approved a share buyback program as part of its shareholder return policy under the Group’s long-term vision “ INNOVATION 2030” and its ongoing capital management strategy. The move underscores the co...
Mitsui Fudosan to Retire 37 Million Treasury Shares, Tightening Share Count
May 13, 2026
Mitsui Fudosan has resolved to retire 37,378,558 common treasury shares, equivalent to 1.36% of its issued shares, with the retirement scheduled for May 29, 2026. The move, which follows prior share repurchases and will reduce the total number of ...
Mitsui Fudosan Lifts Year-End Dividend on Strong FY2026 Results
May 13, 2026
Mitsui Fudosan has approved a year-end dividend from retained earnings with a record date of March 31, 2026, setting the fiscal year-end dividend at ¥18 per share, up from ¥16 the previous year and lifting the total annual dividend to &#...
Mitsui Fudosan Hits Record Earnings and Lifts Shareholder Payouts
May 13, 2026
Mitsui Fudosan reported record consolidated results for the fiscal year, with revenue from operations, operating income, business income, ordinary income, and net income all surpassing prior forecasts and reaching all‑time highs. Profit and ...
Mitsui Fudosan Lifts Profit and Dividend as Assets and Equity Grow in FY2026
May 13, 2026
Mitsui Fudosan reported revenue from operations of ¥2.71 trillion for the fiscal year ended March 31, 2026, up 3.2% year on year, with operating income rising 6.7% to ¥397.8 billion and net income attributable to shareholders climbing 12...
Mitsui Fudosan Completes ¥57 Billion Share Buyback Program
Mar 10, 2026
Mitsui Fudosan Co., Ltd. has completed a share repurchase program authorized by its board in November 2025, buying back 8,316,300 common shares on the Tokyo Stock Exchange between March 1 and March 9, 2026, for a total of about ¥16.39 billion...
Mitsui Fudosan Advances Share Buyback, Repurchasing Over 22 Million Shares
Mar 2, 2026
Mitsui Fudosan reported progress on its ongoing share repurchase program, buying back 5,786,800 common shares on the open market of the Tokyo Stock Exchange between February 1 and February 28, 2026, for a total of about ¥11.48 billion. The pu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.