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Mitsui Fudosan Co
(8801)
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Rating:56Neutral
Price Target:
¥1,501.00
▼(-0.83% Downside)
Action:Reiterated
Date:08/17/26
The score is held back mainly by weak technical trends (below all major moving averages with negative MACD) and inconsistent cash generation with the latest year back to negative free cash flow. These are partially offset by solid multi-year profitability improvement and a reasonable valuation with a moderate dividend yield.
Positive Factors
Improved Profitability
Sustained profit expansion and stable operating margins indicate stronger earnings capacity across the portfolio. This provides a durable base for reinvestment and shareholder returns, although future growth remains dependent on property demand and execution.
Negative Factors
High Leverage
Elevated leverage increases sensitivity to borrowing costs, refinancing conditions, and property-value declines. Although common in real estate, the debt burden can constrain flexibility and amplify downside when asset markets or earnings weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
Sustained profit expansion and stable operating margins indicate stronger earnings capacity across the portfolio. This provides a durable base for reinvestment and shareholder returns, although future growth remains dependent on property demand and execution.
Read all positive factors
Mitsui Fudosan Co (8801) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.12T
Dividend Yield2.3%
Average Volume (3M)9.38M
Price to Earnings (P/E)18.0
Beta (1Y)0.68
Revenue Growth-9.76%
EPS Growth-24.08%
CountryJP
Employees27,704
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)84.25
Shares Outstanding2,719,434,000
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
¥2,154.00Price Target Upside42.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)107.9
Revenue Forecast (FY)¥2.78T
Mitsui Fudosan Co Business Overview & Revenue Model
Company Description
Mitsui Fudosan Co., Ltd. is a leading Japanese real estate enterprise. Its operations are divided into four main divisions: Leasing, Property Sales, Management, and a diverse "Other" category. The Leasing division is responsible for renting out of...
How the Company Makes Money
Mitsui Fudosan primarily earns revenue through a mix of (1) recurring income from leasing and operating real estate and (2) profits from development and sales, supplemented by service and management fees. A major, typically stable earnings base co...
Mitsui Fudosan Co Earnings Call Summary
Earnings Call Date:Feb 07, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 11, 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 | 2.52T | 2.71T | 2.63T | 2.38T | 2.27T | 2.10T |
| Gross Profit | 543.56B | 523.81B | 635.13B | 593.13B | 526.68B | 450.44B |
| EBITDA | 523.46B | 624.99B | 513.25B | 473.42B | 421.23B | 373.90B |
| Net Income | 230.27B | 278.68B | 248.80B | 224.65B | 197.00B | 176.99B |
Balance Sheet | ||||||
| Total Assets | 10.34T | 10.10T | 9.86T | 9.49T | 8.84T | 8.21T |
| Cash, Cash Equivalents and Short-Term Investments | 243.61B | 88.02B | 164.17B | 184.28B | 144.26B | 156.23B |
| Total Debt | 5.09T | 4.63T | 4.42T | 4.43T | 4.05T | 3.67T |
| Total Liabilities | 6.99T | 6.72T | 6.59T | 6.25T | 5.81T | 5.29T |
| Stockholders Equity | 3.24T | 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
Neutral
1513.50
Price Trends
1514.58
Positive
1566.66
Negative
1689.53
Negative
Market Momentum
-5.97
Negative
53.34
Neutral
87.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8801, the sentiment is Neutral. The current price of 1513.5 is above the 20-day moving average (MA) of 1492.60, below the 50-day MA of 1514.58, and below the 200-day MA of 1689.53, indicating a neutral trend. The MACD of -5.97 indicates Negative momentum. The RSI at 53.34 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥1.15T | 11.13 | 20.50% | 4.58% | 5.93% | 5.17% | |
66 Neutral | ¥934.03B | 8.05 | 20.25% | 2.32% | 5.94% | 21.18% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥968.56B | 10.42 | 11.33% | 3.42% | 6.21% | 2.93% | |
58 Neutral | ¥160.54B | 15.36 | 8.95% | 3.39% | 9.27% | 7.27% | |
56 Neutral | ¥4.12T | 18.03 | 8.63% | 2.26% | -9.76% | -24.08% | |
54 Neutral | ¥4.50T | 15.92 | 8.71% | 1.15% | 17.30% | 50.77% |
* Real Estate Sector Average
JP:8801
Mitsui Fudosan Co
1,518.50
-58.90
-3.73%
JP:1878
Daito Construction
3,328.00
283.60
9.32%
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Mitsubishi Estate Company
3,755.00
614.79
19.58%
JP:3288
Open House Co
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560.98
7.58%
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Tokyu Fudosan Holdings
1,338.00
170.05
14.56%
JP:8803
Heiwa Real Estate Co., Ltd.
2,409.00
226.62
10.38%
Mitsui Fudosan Co Corporate Events
Mitsui Fudosan to Cancel 26 Million Treasury Shares in Capital Optimization Move
Aug 7, 2026
Mitsui Fudosan has resolved to retire 26,250,100 of its own common shares, representing 0.97 percent of its issued shares, following a decision by its Board of Directors on August 7, 2026. The retirement, scheduled for August 31, 2026, will reduce...
Mitsui Fudosan Q1 Profit Declines but Core Real Estate Segments Hit Record Income
Aug 7, 2026
Mitsui Fudosan reported that revenue from operations, operating income, business income, ordinary income and net income all declined year on year in the first quarter of fiscal 2024, with net income attributable to shareholders falling by tens of ...
Mitsui Fudosan’s Quarterly Profit Drops, Full-Year Outlook Stays Firm
Aug 7, 2026
Mitsui Fudosan Co., Ltd., a leading Japanese real estate developer, reported a sharp year-on-year decline in earnings for the three months ended June 30, 2026. Revenue from operations fell 23.1% to ¥616.9 billion, while net income attributabl...
Mitsui Fudosan Nears ¥40 Billion Cap in Accelerated Share Buyback
May 28, 2026
Mitsui Fudosan has completed a substantial share buyback, repurchasing 26,250,100 common shares on the Tokyo Stock Exchange for a total of about ¥40 billion. The purchases, conducted between May 15 and May 27, 2026, were carried out via open ...
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.