Daiwa Office Investment Corporation (8976) AI Stock Analysis

• Market Cap: ¥291.98B
• Dividend Yield: 4.46%
• Average Volume (3M): 1.35K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 0.16
• Revenue Growth: -16.54%
• EPS Growth: 47.97%
• Country: JP
• Employees: 124
• Sector: Real Estate
• Sector Strength: 60
• Industry: REIT - Office
• EPS (TTM): 7545.00
• Shares Outstanding: 946,439
• 10 Day Avg. Volume: 1,519
• 30 Day Avg. Volume: 1,350
• PEG Ratio: -0.73
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -67.39
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥314,000.00
• Price Target Upside: 1.78% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 70 Neutral
• Price Target: ―

The stock demonstrates solid financial performance with strong profitability and cash flow management. The technical indicators suggest stability without significant momentum, and the valuation appears reasonable with a strong dividend yield. However, challenges in revenue growth and increased capital expenditures suggest careful management is required to maintain free cash flow.

Daiwa Office Investment Corporation Business Overview & Revenue Model

Company Description

Daiwa Office Investment Corporation (8976) is a prominent real estate investment trust (REIT) in Japan, focusing primarily on office properties. The company invests in, owns, and manages a diversified portfolio of office buildings located in prime business districts across Japan. Its core mission is to maximize investor returns through strategic property acquisitions, effective asset management, and sustainable growth in property value and income.

How the Company Makes Money

Daiwa Office Investment Corporation generates revenue primarily through rental income from its portfolio of office properties. The company leases office spaces to a diverse range of tenants, including corporations and other entities, ensuring a steady stream of rental income. Additionally, the company may earn income from property management services and strategically divests properties to realize capital gains. Key factors contributing to its earnings include the strategic location of its properties, maintaining high occupancy rates, and executing value-add initiatives to enhance property value and rental income. Partnerships with leading property management firms and real estate brokers also play a significant role in optimizing the portfolio's performance and revenue generation.

Daiwa Office Investment Corporation Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Jun 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
28.79B	28.70B	28.37B	28.94B	29.12B
	Gross Profit
15.31B	17.15B	17.77B	18.34B	17.89B
	EBIT
14.84B	14.41B	14.99B	15.49B	15.03B
	EBITDA
18.25B	17.71B	18.56B	19.12B	18.70B
	Net Income Common Stockholders
13.38B	13.29B	14.01B	14.35B	13.81B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
29.40B	25.88B	19.08B	26.65B	28.14B
	Total Assets
491.24B	482.20B	481.05B	483.28B	488.57B
	Total Debt
219.40B	207.80B	205.80B	202.35B	204.45B
	Net Debt
190.00B	181.92B	186.72B	175.70B	176.31B
	Total Liabilities
246.27B	234.68B	233.56B	229.64B	233.06B
	Stockholders Equity
244.97B	247.52B	247.49B	253.64B	255.51B
Cash Flow		Free Cash Flow
7.66B	18.52B	10.07B	17.08B	13.06B
	Operating Cash Flow
19.05B	22.57B	24.56B	20.90B	24.32B
	Investing Cash Flow
-10.91B	-4.57B	-14.90B	-3.95B	-10.67B
	Financing Cash Flow
-4.53B	-11.10B	-17.14B	-18.51B	-13.18B

Daiwa Office Investment Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 308500.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8976, the sentiment is Positive. The current price of 308500 is above the 20-day moving average (MA) of 300747.76, above the 50-day MA of 296369.64, and above the 200-day MA of 289386.89, indicating a bullish trend. The MACD of 2824.39 indicates Negative momentum. The RSI at 69.39 is Neutral, neither overbought nor oversold. The STOCH value of 50.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8976.

Daiwa Office Investment Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8958	80 Outperform	¥129.30B	19.60		4.94%	67.12%	0.19%
8954	78 Outperform	¥506.74B	22.50		4.25%	-17.31%	15.83%
3295	77 Outperform	¥218.88B	19.57		5.04%	-29.52%	9.41%
8975	70 Outperform	¥137.61B	18.51		5.53%	-38.24%	-22.91%
8976	70 Neutral	¥291.98B	21.93		4.46%	-16.54%	47.97%
8987	66 Neutral	¥175.77B	22.20		4.23%	-16.98%	1.05%
Sector *	61 Neutral	$2.83B	10.92	0.41%	8438.90%	5.75%	-21.03%

Daiwa Office Investment Corporation Corporate Events

Daiwa Office Investment Completes Second Phase of Real Estate Divestment

Daiwa Office Investment Corporation has completed the second transfer of its co-ownership interest in the trust beneficial interest of domestic real estate, specifically the Daiwa Tsukishima property, for 2,940 million yen. This transaction is part of a three-part divestment process, with the final transfer scheduled for November 2025, indicating a strategic move to optimize its real estate portfolio.

The most recent analyst rating on (JP:8976) stock is a Sell with a Yen272000.00 price target. To see the full list of analyst forecasts on Daiwa Office Investment Corporation stock, see the JP:8976 Stock Forecast page.

Daiwa Office Investment Corporation Secures 12,050 Million Yen Loan for Debt Refinancing

Daiwa Office Investment Corporation announced a borrowing of 12,050 million yen, including a green loan, to refinance existing debt due on May 30, 2025. This move is part of their financial strategy to manage liabilities effectively, maintaining a balanced ratio of floating and fixed-rate interest-bearing liabilities, which is crucial for their financial stability and operational efficiency.

The most recent analyst rating on (JP:8976) stock is a Sell with a Yen272000.00 price target. To see the full list of analyst forecasts on Daiwa Office Investment Corporation stock, see the JP:8976 Stock Forecast page.

Daiwa Office Investment Corporation to Cancel 3,284 Investment Units

Daiwa Office Investment Corporation announced the cancellation of 3,284 of its own investment units, representing 0.3% of its total issued units, effective May 30, 2025. This decision, made by the Board of Directors, will not affect the company’s financial forecasts for the fiscal periods ending in May and November 2025.

The most recent analyst rating on (JP:8976) stock is a Sell with a Yen272000.00 price target. To see the full list of analyst forecasts on Daiwa Office Investment Corporation stock, see the JP:8976 Stock Forecast page.

Daiwa Office Investment Completes Strategic Acquisition of Own Units

Daiwa Office Investment Corporation has completed the acquisition of its own investment units, totaling 3,284 units at a price of 999,999,500 yen. This move, approved by the board of directors, is part of a strategic plan to manage the company’s capital structure and enhance shareholder value. The acquired units will be canceled, reducing the total number of outstanding investment units to 943,155, which could potentially impact the market perception and valuation of the corporation.

The most recent analyst rating on (JP:8976) stock is a Sell with a Yen272000.00 price target. To see the full list of analyst forecasts on Daiwa Office Investment Corporation stock, see the JP:8976 Stock Forecast page.

Daiwa Office Investment Corporation Acquires Own Investment Units

Daiwa Office Investment Corporation announced the acquisition of 930 of its own investment units, amounting to 281,851,500 yen, through market purchases at the Tokyo Stock Exchange in April 2025. This move is part of a broader strategy approved by the board to acquire up to 5,000 units, potentially impacting the company’s market positioning and investor relations.

Daiwa Office Investment Corporation Announces Strategic Acquisition of Own Investment Units

Daiwa Office Investment Corporation has announced its decision to acquire its own investment units, with plans to cancel them during the fiscal period ending May 2025. This move is aimed at enhancing capital efficiency and returning profits to unitholders, reflecting a strategic effort to boost unitholder value over the medium to long term.

Daiwa Office Investment Corporation Secures Stability with Interest-Rate Swap Agreements

Daiwa Office Investment Corporation has entered into interest-rate swap agreements to convert portions of its floating-rate debt into fixed-rate obligations, totaling JPY 15,500 million. This strategic move aims to mitigate the risks associated with potential future interest rate increases, thereby stabilizing the company’s financial outlook and offering reassurance to investors regarding the management of interest rate exposure.

Daiwa Office Investment Corporation Announces Key Management Change

Daiwa Office Investment Corporation announced a key personnel change within its asset management team, with Shoichi Ichikawa set to become the Head of DRP Investment Management Department as of April 1, 2025. This change is part of the company’s ongoing efforts to strengthen its management team and enhance its operational capabilities, potentially impacting its strategic positioning in the real estate investment sector.

Daiwa Real Estate Asset Management Announces New Director Appointment

Daiwa Real Estate Asset Management Co., Ltd. has announced the appointment of Hidenori Yamaguchi as a new director, effective April 1, 2025. This leadership change is expected to be reported to relevant authorities and may influence the asset management strategies of Daiwa Office Investment Corporation.