Mitsubishi Estate Company Limited (JP:8802)
:8802
Want to see JP:8802 full AI Analyst Report?
Top Page
Mitsubishi Estate Company
(8802)
Select Model
Select Model
Rating:56Neutral
Price Target:
¥4,450.00
▼(-1.00% Downside)
Action:Downgraded
Date:05/15/26
The score is driven primarily by mixed fundamentals: solid revenue/earnings performance but constrained by leverage and weak, volatile free cash flow. Technicals add downside pressure due to a bearish short-to-medium trend and negative MACD, while valuation is middling with a modest dividend yield.
Positive Factors
Diversified recurring revenue
A large, diversified mix of leasing, property management, development and hospitality creates stable recurring rental cash flows plus development upside. This hybrid model supports resilience across cycles, recurring income to cover fixed costs, and the ability to monetize via asset recycling.
Negative Factors
Meaningful leverage
Elevated leverage reduces financial flexibility and increases sensitivity to interest-rate moves or asset-value softness. Rising debt levels can force prioritization of refinancing and liability management over strategic investment, and leave less cushion in downturns for a development-heavy operator.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified recurring revenue
A large, diversified mix of leasing, property management, development and hospitality creates stable recurring rental cash flows plus development upside. This hybrid model supports resilience across cycles, recurring income to cover fixed costs, and the ability to monetize via asset recycling.
Read all positive factors
Mitsubishi Estate Company (8802) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.85T
Dividend Yield1.18%
Average Volume (3M)2.87M
Price to Earnings (P/E)22.1
Beta (1Y)0.83
Revenue Growth10.53%
EPS Growth20.50%
CountryJP
Employees11,045
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)156.64
Shares Outstanding1,217,233,800
10 Day Avg. Volume3,090,040
30 Day Avg. Volume2,868,390
Financial Highlights & Ratios
PEG Ratio1.17
Price to Book (P/B)1.97
Price to Sales (P/S)3.03
P/FCF Ratio677.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥5,432.86Price Target Upside20.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)198.73
Revenue Forecast (FY)¥1.93T
Mitsubishi Estate Company Business Overview & Revenue Model
Company Description
Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; planning, development, and tenant leasing of re...
How the Company Makes Money
Mitsubishi Estate primarily earns money through a diversified real estate model centered on (1) recurring rental and property-related income and (2) development and transaction-based profits. The largest and most stable earnings typically come fro...
Mitsubishi Estate Company Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.61T | 1.75T | 1.58T | 1.50T | 1.38T | 1.35T |
| Gross Profit | 430.22B | 343.97B | 417.97B | 392.27B | 397.04B | 374.76B |
| EBITDA | 422.78B | 515.26B | 414.27B | 412.54B | 393.33B | 373.10B |
| Net Income | 195.40B | 222.51B | 189.36B | 168.43B | 165.34B | 155.17B |
Balance Sheet | ||||||
| Total Assets | 7.98T | 8.57T | 8.00T | 7.58T | 6.87T | 6.49T |
| Cash, Cash Equivalents and Short-Term Investments | 190.27B | 1.40T | 259.75B | 278.70B | 228.59B | 237.40B |
| Total Debt | 3.47T | 3.58T | 3.34T | 3.14T | 2.87T | 2.74T |
| Total Liabilities | 5.30T | 5.69T | 5.26T | 4.96T | 4.49T | 4.26T |
| Stockholders Equity | 2.51T | 2.69T | 2.56T | 2.40T | 2.16T | 2.00T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.81B | -118.44B | 39.90B | -10.99B | -18.23B |
| Operating Cash Flow | 0.00 | 532.54B | 325.16B | 491.30B | 275.31B | 310.36B |
| Investing Cash Flow | 0.00 | -432.11B | -358.60B | -350.79B | -308.92B | -306.72B |
| Financing Cash Flow | 0.00 | -49.12B | 9.97B | 89.20B | 27.34B | 83.92B |
Mitsubishi Estate Company Technical Analysis
Negative
4495.00
Price Trends
4408.15
Negative
4408.22
Negative
3877.06
Positive
Market Momentum
-123.65
Positive
39.37
Neutral
39.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8802, the sentiment is Negative. The current price of 4495 is above the 20-day moving average (MA) of 4225.15, above the 50-day MA of 4408.15, and above the 200-day MA of 3877.06, indicating a neutral trend. The MACD of -123.65 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 39.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8802.
Mitsubishi Estate Company 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:8802
Mitsubishi Estate Company
4,056.00
1,418.74
53.80%
JP:1878
Daito Construction
3,172.00
14.38
0.46%
JP:8801
Mitsui Fudosan Co
1,530.50
173.05
12.75%
JP:3288
Open House Co
8,646.00
2,414.17
38.74%
JP:3289
Tokyu Fudosan Holdings
1,319.00
292.64
28.51%
JP:8803
Heiwa Real Estate Co., Ltd.
2,328.00
190.52
8.91%
Mitsubishi Estate Company Corporate Events
Mitsubishi Estate to Buy Treasury Shares from Untraceable Shareholders
May 13, 2026
Mitsubishi Estate has resolved at its board meeting to purchase 243,850 of its own common shares classified as held by untraceable shareholders, following a period in which public notices were issued to locate these investors. The transaction, sch...
Mitsubishi Estate to Launch ¥50 Billion Share Buyback and Cancel Repurchased Shares
May 13, 2026
Mitsubishi Estate has approved a share repurchase of up to 20 million common shares, equivalent to about 1.65% of its outstanding stock excluding treasury shares, with a total buyback ceiling of ¥50 billion. The purchases will be conducted on...
Mitsubishi Estate Lifts Earnings, Dividends and Sets Growth Forecast for FY2026
May 13, 2026
Mitsubishi Estate reported consolidated operating revenue of ¥1.75 trillion for FY2025, up 10.5% year on year, with operating profit rising 6.6% to ¥329.7 billion and profit attributable to owners of parent climbing 17.5% to ¥222.5 ...
Mitsubishi Estate Posts Higher FY2025 Profit on Strong Property and Overseas Gains
May 13, 2026
Mitsubishi Estate reported strong results for the fiscal year ended March 31, 2026, with operating revenue rising to ¥1.746 trillion and business profit climbing to about ¥330 billion, supported by gains across commercial property, resid...
Mitsubishi Estate Lifts Earnings to Record and Targets Another High in FY2026
May 13, 2026
Mitsubishi Estate reported record FY2025 results, with operating profit rising to ¥329.7 billion and profit attributable to owners of the parent reaching ¥222.5 billion, lifting ROE to 8.5%. Strong leasing of new offices, rent hikes on e...
Mitsubishi Estate to Buy Treasury Shares From Untraceable Shareholders
May 13, 2026
Mitsubishi Estate’s board has approved the purchase of 243,850 common shares held by untraceable shareholders, designating them as treasury shares under the provisions of Japan’s Companies Act. The transaction targets shares for which ...
Mitsubishi Estate Launches ¥50 Billion Share Buyback to Bolster Capital Policy
May 13, 2026
Mitsubishi Estate has approved a share repurchase program as part of its long-term capital policy, targeting up to 20 million common shares, equivalent to 1.65% of its outstanding shares excluding treasury stock. The buyback, with a ceiling of 50 ...
Mitsubishi Estate Lifts FY2025 Earnings and Guides for Further Growth in FY2026
May 13, 2026
Mitsubishi Estate reported FY2025 consolidated operating revenue of ¥1.75 trillion, up 10.5% year on year, with operating profit rising 6.6% to ¥329.7 billion and profit attributable to owners of parent jumping 17.5% to ¥222.5 billi...
Mitsubishi Estate Boosts FY2025 Profit on Capital Gains and Core Real Estate Growth
May 13, 2026
Mitsubishi Estate reported strong results for the fiscal year ended March 31, 2026, with operating revenue rising to ¥1.746 trillion and operating profit increasing to ¥329.7 billion, driven by growth in commercial property, residential,...
Mitsubishi Estate Targets Another Record Year on Strong Marunouchi and Overseas Gains
May 13, 2026
Mitsubishi Estate reported record FY2025 results, with operating profit rising to ¥329.7 billion and profit attributable to owners climbing to ¥222.5 billion, supported by strong leasing demand, rent increases, and robust hotel and retai...
Mitsubishi Estate Tightens Executive Pay Link to Long-Term, ESG Targets
Mar 30, 2026
Mitsubishi Estate has approved a significant overhaul of its executive remuneration system from fiscal 2026 onward, tightening the link between pay and its Long-Term Management Plan 2030. The move reflects the company’s push to align managem...
Mitsubishi Estate Completes ¥30 Billion Share Buyback Ahead of Planned Share Cancellation
Mar 26, 2026
Mitsubishi Estate has completed a share repurchase program authorized by its board on February 9, 2026, buying back 3,610,300 common shares between March 1 and March 24 via open-market purchases on the Tokyo Stock Exchange for a total of about ...
Mitsubishi Estate to Make Hashimoto Development TMK a Specified Subsidiary
Mar 4, 2026
Mitsubishi Estate Co., Ltd. will make a preferred equity investment in its subsidiary Hashimoto Development TMK on March 27, 2026, turning it into a specified subsidiary fully owned and controlled by the group. Hashimoto Development TMK, establish...
Mitsubishi Estate Reports Progress on ¥30 Billion Share Buyback Program
Mar 2, 2026
Mitsubishi Estate Co., Ltd. has repurchased 2,518,500 of its common shares on the open market of the Tokyo Stock Exchange between February 10 and February 28, 2026, at a total cost of about 12.63 billion yen. This transaction is part of a previous...
Mitsubishi Estate Spins Off Smart Home Unit HOMETACT in Internal Restructuring
Feb 20, 2026
Mitsubishi Estate Co., Ltd. will transfer its smart home services operation, known as the HOMETACT business, to wholly owned subsidiary HOMETACT Co., Ltd. via a simplified absorption-type company split effective April 1, 2026. The move is designed...
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.