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Daiwa Securities Living Investment
(8986)
Daiwa Securities Living Investment (8986) vs. iShares MSCI Japan ETF (EWJ)
Daiwa Securities Living Investment Business Overview & Revenue Model
Daiwa Securities Living Investment Financial Statement Overview
| Breakdown | Mar 2025 | Mar 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.85B | 24.67B | 22.70B | 21.30B | 32.10B |
| Gross Profit | 11.48B | 14.54B | 13.20B | 12.55B | 9.77B |
| EBITDA | 21.66B | 17.14B | 15.67B | 14.66B | 13.37B |
| Net Income | 13.82B | 10.35B | 9.27B | 8.89B | 9.39B |
Balance Sheet | |||||
| Total Assets | 400.13B | 367.53B | 353.68B | 336.30B | 310.21B |
| Cash, Cash Equivalents and Short-Term Investments | 12.83B | 18.70B | 14.77B | 12.08B | 14.92B |
| Total Debt | 204.74B | 188.14B | 181.69B | 172.69B | 152.69B |
| Total Liabilities | 215.95B | 195.54B | 188.46B | 179.01B | 159.09B |
| Stockholders Equity | 187.58B | 172.00B | 165.22B | 157.30B | 151.12B |
Cash Flow | |||||
| Free Cash Flow | 15.42B | 1.32B | -3.85B | -15.88B | -46.90B |
| Operating Cash Flow | 29.79B | 24.57B | 14.40B | 13.12B | 25.43B |
| Investing Cash Flow | -14.48B | -23.32B | -18.09B | -28.68B | -70.78B |
| Financing Cash Flow | -14.35B | 2.84B | 7.60B | 17.19B | 46.63B |
Daiwa Securities Living Investment Technical Analysis
Daiwa Securities Living Investment Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥406.73B | 20.82 | 6.92% | 5.16% | -27.01% | 18.03% | |
68 Neutral | ¥262.33B | 28.10 | ― | 3.47% | 13.25% | 3.76% | |
67 Neutral | ¥498.11B | 29.91 | 6.81% | 3.58% | 5.25% | 3.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥278.69B | 20.14 | 7.17% | 4.68% | 9.79% | 15.02% | |
59 Neutral | ¥347.90B | 29.81 | ― | 3.56% | 2.91% | 2.68% |
Daiwa Securities Living Investment Corporate Events
Daiwa Securities Living Investment Corporation has arranged a ¥10 billion short-term borrowing from MUFG Bank to refinance two unsecured investment corporation bonds totaling the same amount that mature in late January and early February 2026. The new loans, priced at one-month JBA Japanese yen TIBOR plus 0.3% and maturing in December 2026, will temporarily shift part of the REIT’s funding structure from bonds to bank borrowings but leave its overall interest-bearing debt level unchanged at ¥204.7 billion, indicating a focus on maintaining financial stability and managing refinancing risk without expanding leverage.
The most recent analyst rating on (JP:8986) stock is a Hold with a Yen116937.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation has revised upward its forecast for the fiscal period ending March 2026, projecting operating revenue of ¥14.9 billion, operating income of ¥8.0 billion, and net income of ¥6.7 billion, all rising by around 7–13% compared with previous guidance. The REIT now expects net income and distribution per unit to climb to ¥2,819 and ¥2,600 respectively, supported by gains on property sales of approximately ¥2.4 billion and the reversal of reserves and retained earnings, while confirming it has no current plan for distributions in excess of earnings. The revision reflects portfolio reshuffling including the acquisition of several Gran Casa rental housing properties and the disposal of multiple assets, resulting in an expected 237 properties under management at end-March 2026, and the company noted that the impact of these moves on the subsequent fiscal period to September 2026 will be limited, leaving that forecast unchanged.
The most recent analyst rating on (JP:8986) stock is a Hold with a Yen116937.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation has agreed to acquire trust beneficiary interests in two domestic rental housing properties, THE PALMS YOKOHAMA ISOGO in Yokohama and THE PALMS KINSHICHO in Tokyo, for a combined anticipated acquisition price of ¥3.82 billion, compared with a total appraisal value of ¥4.02 billion as of December 2025. Scheduled to close on January 30, 2026, with no intermediary involved, the studio-type assets—soon to be renamed Gran Casa Yokohama Isogo and Gran Casa Kinshicho II—have been selected to diversify and enhance the REIT’s residential portfolio, with management emphasizing their fit with existing tenant selection criteria and their role in supporting stable revenue and long‑term earnings for investors.
The most recent analyst rating on (JP:8986) stock is a Hold with a Yen116937.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation has announced the acquisition of two rental housing properties in Sendai, Miyagi, as part of its strategy to diversify and enhance its portfolio. The acquisition is expected to contribute to the company’s goal of stable revenue growth, with the properties meeting the tenant selection criteria outlined in their management system report.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation announced the disposition of the Gran Casa Sendai Itsutsubashi property, scheduled for December 10, 2025. The sale is expected to enhance investor value as the offered price exceeds both the book and appraisal values, indicating a strategic move to optimize the company’s asset portfolio.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation announced plans to amend its Articles of Incorporation to include investments based on specific regulatory acts, enhancing its investment capabilities. Additionally, the company is restructuring its leadership by appointing new executive and supervisory directors, which could impact its strategic direction and governance.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation announced a refinancing plan for its existing borrowings of 1,000 million yen, which are due for repayment on November 28, 2025. This move is part of the company’s strategy to manage its debt efficiently, maintaining its interest-bearing debt ratio and ensuring financial stability. The refinancing is expected to have no significant impact on the company’s risk profile, as indicated in their recent securities report.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation announced the acquisition of two domestic real estate properties, Gran Casa Yokohama Ishikawacho and Gran Casa Kawasaki Ikuta, to diversify and enhance its portfolio. This strategic move is expected to contribute to stable revenue and align with the company’s asset management objectives, with no intermediary involved in the acquisition process.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation has revised its forecasts for the fiscal period ending March 2026, reporting a significant increase in operating revenue, income, and distribution per unit compared to previous estimates. This revision is attributed to finalized assumptions regarding asset transfers and acquisitions, indicating a positive impact on the company’s financial performance and potential benefits for stakeholders.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation reported a decrease in operating revenue and profit for the 39th fiscal period compared to the previous period. The company anticipates further declines in revenue and profit for the upcoming fiscal periods, which may impact distributions to stakeholders. The financial results indicate a challenging market environment, with implications for the company’s future performance and investor returns.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation announced the disposition of eight healthcare facilities, scheduled for November 4, 2025. This decision was made after evaluating future profitability, property size, location, and market trends, resulting in a sale agreement that exceeds the total book and appraisal values. The proceeds from this transaction are expected to be distributed to unitholders and used for future property acquisitions, enhancing unitholder value.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.
Daiwa Securities Living Investment Corporation has announced the acquisition of SEASON FLATS KAMATA WEST, a residential property in Ota, Tokyo, for 1,000,000 JPY thousand. This acquisition aligns with the company’s strategy to diversify its portfolio and enhance revenue stability, meeting tenant selection criteria for steady growth.
The most recent analyst rating on (JP:8986) stock is a Buy with a Yen123765.00 price target. To see the full list of analyst forecasts on Daiwa Securities Living Investment stock, see the JP:8986 Stock Forecast page.