Mitsui Fudosan (MTSFY)
OTHER OTC:MTSFY
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Mitsui Fudosan
(OTC:MTSFY)
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Rating:54Neutral
Price Target:
$30.00
â–¼(-15.18% Downside)
Action:Reiterated
Date:05/16/26
The score is primarily held back by weakening cash generation and persistently high leverage despite strong reported profitability and revenue growth. Technicals are notably bearish (below key moving averages with negative MACD), while valuation is broadly reasonable but not meaningfully supported by yield.
Positive Factors
Diversified, recurring revenue model
Mitsui Fudosan's multi-segment model (office, retail, residential, logistics, hospitality) and mix of leasing, management fees and development sales creates durable, recurring cash streams and cross-selling opportunities. This diversification reduces single-segment cyclicality and supports steadier revenues across real estate cycles.
Negative Factors
Volatile cash generation and negative free cash flow
A sharp swing in operating cash flow and a move to negative free cash flow materially reduce financial flexibility. Persistently weak cash conversion constrains the firm's ability to fund development internally, increases reliance on external financing or asset sales, and elevates execution risk on multi-year projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified, recurring revenue model
Mitsui Fudosan's multi-segment model (office, retail, residential, logistics, hospitality) and mix of leasing, management fees and development sales creates durable, recurring cash streams and cross-selling opportunities. This diversification reduces single-segment cyclicality and supports steadier revenues across real estate cycles.
Read all positive factors
Mitsui Fudosan (MTSFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.95B
Dividend Yield1.86%
Average Volume (3M)1.38K
Price to Earnings (P/E)15.0
Beta (1Y)0.25
Revenue Growth4.61%
EPS Growth15.57%
CountryUS
Employees25,593
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)332.97
Shares Outstanding918,638,200
10 Day Avg. Volume1,802
30 Day Avg. Volume1,380
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)1.43
Price to Sales (P/S)1.64
P/FCF Ratio-48.62
Enterprise Value/Market Cap336.05
Enterprise Value/Revenue3.12
Enterprise Value/Gross Profit12.60
Enterprise Value/Ebitda15.32
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mitsui Fudosan 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 primarily makes money through a mix of recurring income from owned/managed properties and transaction-based income from development and sales. Key revenue streams include: (1) Leasing and operations: rent and related income from off...
Mitsui Fudosan 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 highlighted significant achievements, including record financial performance and upward revisions of forecasts, indicating strong business momentum. However, challenges such as increased interest burden and losses in nonoperating income and property sales to investors present potential headwinds.Positive Updates
Record Highs in Financial Performance
Achieved new record highs for 9-month third quarter in sales, operating income, ordinary income, and profit attributable to owners of parent. Second consecutive record high for operating income and third consecutive record high for net profit.
Negative Updates
Interest Burden Increase
Interest burden under net interest income and expense increased JPY 17.6 billion year-on-year, primarily due to rising U.S. interest rates.
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Q3-2024 Updates
Positive
Negative
Record Highs in Financial Performance
Achieved new record highs for 9-month third quarter in sales, operating income, ordinary income, and profit attributable to owners of parent. Second consecutive record high for operating income and third consecutive record high for net profit.
Read all positive updates
Company Guidance
In the third quarter earnings call for Mitsui Fudosan, Executive Manager Atsuro Uchida highlighted several key metrics that underscored the company's financial performance and future outlook. The company achieved record highs in sales, operating income, ordinary income, and profit attributable to owners of parent for the nine-month period, with operating income reaching JPY 245.2 billion, a 15% increase year-on-year. Ordinary income rose by 7.3% to JPY 199.7 billion, while profit attributable to owners of parent surged by 13.1% to JPY 166.4 billion. The full year forecast for ordinary income was revised upwards by JPY 10 billion to JPY 265 billion, and profit attributable to owners of parent was also increased by JPY 5 billion to JPY 220 billion, setting a new record high. In response to these strong results, the company raised its full year dividend per share guidance to JPY 72, up from the previously announced JPY 70, reflecting their confidence in sustained growth. Additionally, the Leasing segment reported significant gains with operating revenues of JPY 606.1 billion, driven by key projects like 50 Hudson Yards in New York, while the Property Sales segment saw mixed results with a decline in operating revenue but stable contract rates. The Management and Facility Operations segments also showed positive momentum, with the latter benefiting from increased ADRs and spectator numbers at Tokyo Dome. Overall, Mitsui Fudosan demonstrated robust financial health and strategic adjustments to capitalize on market conditions.Mitsui Fudosan Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
60
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.80T | 2.87T | 2.63T | 2.38T | 2.27T | 2.10T |
| Gross Profit | 692.16B | 555.40B | 635.13B | 593.13B | 526.68B | 450.44B |
| EBITDA | 569.22B | 662.68B | 513.25B | 473.42B | 476.69B | 356.48B |
| Net Income | 308.01B | 295.49B | 248.80B | 224.65B | 197.00B | 176.99B |
Balance Sheet | ||||||
| Total Assets | 9.75T | 10.15T | 9.86T | 9.49T | 8.84T | 8.21T |
| Cash, Cash Equivalents and Short-Term Investments | 234.28B | 88.41B | 169.68B | 189.81B | 144.26B | 156.23B |
| Total Debt | 4.52T | 4.65T | 4.42T | 4.43T | 4.05T | 3.67T |
| Total Liabilities | 6.43T | 6.75T | 6.59T | 6.25T | 5.81T | 5.29T |
| Stockholders Equity | 3.21T | 3.29T | 3.15T | 3.11T | 2.90T | 2.80T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -96.64B | 327.77B | 20.86B | -65.04B | 29.90B |
| Operating Cash Flow | 0.00 | 154.03B | 599.25B | 241.70B | 297.71B | 271.47B |
| Investing Cash Flow | 0.00 | -188.72B | -321.97B | -286.99B | -422.03B | -210.06B |
| Financing Cash Flow | 0.00 | -63.77B | -269.37B | 59.99B | 111.45B | -139.60B |
Mitsui Fudosan Technical Analysis
Negative
35.37
Price Trends
31.62
Negative
34.26
Negative
33.61
Negative
Market Momentum
-1.11
Positive
39.33
Neutral
63.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTSFY, the sentiment is Negative. The current price of 35.37 is above the 20-day moving average (MA) of 30.27, above the 50-day MA of 31.62, and above the 200-day MA of 33.61, indicating a bearish trend. The MACD of -1.11 indicates Positive momentum. The RSI at 39.33 is Neutral, neither overbought nor oversold. The STOCH value of 63.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MTSFY.
Mitsui Fudosan Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $25.71B | 22.35 | 9.67% | 3.83% | 2.35% | 0.24% | |
72 Outperform | $24.83B | 25.78 | 8.71% | 4.52% | 4.66% | -4.42% | |
69 Neutral | $42.69B | 154.36 | 2.10% | 2.45% | 20.67% | 67.64% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $37.74B | 139.81 | -28.32% | 3.98% | 15.64% | 121.11% | |
58 Neutral | $17.71B | 44.53 | 4.20% | 3.57% | -3.13% | 9.67% | |
54 Neutral | $25.95B | 14.95 | 8.63% | 1.86% | 4.61% | 15.57% |
* Real Estate Sector Average
MTSFY
Mitsui Fudosan
28.84
-0.30
-1.02%
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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.