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Mitsubishi Estate Company
(8802)
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Rating:54Neutral
Price Target:
¥3,751.00
▼(-0.85% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed fundamentals: strong revenue/earnings performance is materially weighed down by inconsistent free cash flow and meaningful leverage. Technical conditions are notably weak with price below key moving averages and negative momentum indicators, further pressuring the overall score. Valuation is reasonable but not compelling given the modest dividend yield.
Positive Factors
Consistent Revenue and Earnings Growth
Sustained revenue and net income growth indicates healthy demand across the property portfolio and development activities. Continued earnings expansion can strengthen reinvestment capacity and support resilience over the next several quarters.
Negative Factors
Meaningful and Rising Leverage
Meaningful leverage reduces financial flexibility and leaves earnings more sensitive to refinancing costs or weaker property values. Rising debt also limits the company’s ability to absorb prolonged market softness without slowing investment or distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue and Earnings Growth
Sustained revenue and net income growth indicates healthy demand across the property portfolio and development activities. Continued earnings expansion can strengthen reinvestment capacity and support resilience over the next several quarters.
Read all positive factors
Mitsubishi Estate Company (8802) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.46T
Dividend Yield1.2%
Average Volume (3M)2.87M
Price to Earnings (P/E)16.2
Beta (1Y)0.62
Revenue Growth17.30%
EPS Growth50.77%
CountryJP
Employees11,659
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)235.99
Shares Outstanding1,211,104,900
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
¥4,951.67Price Target Upside30.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)203.51
Revenue Forecast (FY)¥1.99T
Mitsubishi Estate Company Business Overview & Revenue Model
Company Description
Mitsubishi Estate Co., Ltd. is a prominent global real estate enterprise based in Tokyo, Japan, established in 1890. Its diverse portfolio encompasses the full spectrum of property activities, both domestically and internationally. The company is ...
How the Company Makes Money
Mitsubishi Estate primarily makes money through a combination of recurring real estate income and development-related profits. Its largest and most stable earnings driver is leasing: the company develops and owns/controls high-quality office build...
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 | 1.89T | 1.75T | 1.58T | 1.50T | 1.38T | 1.35T |
| Gross Profit | 430.86B | 343.97B | 417.97B | 392.27B | 397.04B | 374.76B |
| EBITDA | 578.31B | 515.26B | 414.27B | 412.54B | 393.33B | 373.10B |
| Net Income | 285.94B | 222.51B | 189.36B | 168.43B | 165.34B | 155.17B |
Balance Sheet | ||||||
| Total Assets | 8.54T | 8.57T | 8.00T | 7.58T | 6.87T | 6.49T |
| Cash, Cash Equivalents and Short-Term Investments | 1.39T | 1.40T | 259.75B | 278.70B | 228.59B | 237.40B |
| Total Debt | 3.78T | 3.58T | 3.34T | 3.14T | 2.87T | 2.74T |
| Total Liabilities | 5.63T | 5.69T | 5.26T | 4.96T | 4.49T | 4.26T |
| Stockholders Equity | 2.72T | 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 Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥1.14T | 11.22 | 20.50% | 4.58% | 5.93% | 5.17% | |
66 Neutral | ¥929.13B | 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 | ¥962.45B | 10.36 | 11.33% | 3.42% | 6.21% | 2.93% | |
58 Neutral | ¥159.61B | 15.27 | 8.95% | 3.39% | 9.27% | 7.27% | |
56 Neutral | ¥4.12T | 18.28 | 8.63% | 2.26% | -9.76% | -24.08% | |
54 Neutral | ¥4.46T | 16.22 | 8.71% | 1.15% | 17.30% | 50.77% |
* Real Estate Sector Average
JP:8802
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Mitsubishi Estate Company Corporate Events
Mitsubishi Estate Posts Record Q1 Profit on Domestic and Overseas Asset Sales
Aug 7, 2026
Mitsubishi Estate reported record first-quarter results for the fiscal year ending March 2027, with operating profit nearly doubling to ¥121.2 billion and profit attributable to owners of the parent almost tripling to ¥95.4 billion. Grow...
Mitsubishi Estate Delivers Profit Surge in Q1 and Confirms Full-Year Outlook
Aug 7, 2026
Mitsubishi Estate reported a strong start to the fiscal year ending March 31, 2027, with first-quarter operating revenue rising 39.4% year on year to ¥497.7 billion and operating profit nearly doubling to ¥121.2 billion. Profit attributa...
Mitsubishi Estate First-Quarter Profit Surges on Strong Property and Overseas Gains
Aug 7, 2026
Mitsubishi Estate reported a sharp increase in consolidated first-quarter results for the fiscal year ending March 31, 2027, with operating revenue rising to ¥497.7 billion and operating profit to ¥121.2 billion, both significantly above...
Mitsubishi Estate Advances Share Buyback, Repurchasing Over 5.6 Million Shares
Aug 3, 2026
Mitsubishi Estate Co., Ltd. repurchased 2,440,400 of its common shares on the Tokyo Stock Exchange between July 1 and July 31, 2026, at a total cost of about ¥10.13 billion. The buyback forms part of a broader capital policy allowing up to 20...
Mitsubishi Estate Advances Share Buyback, Spending ¥7.8 Billion in June
Jul 1, 2026
Mitsubishi Estate Co., Ltd. has repurchased 1,934,400 of its own common shares on the Tokyo Stock Exchange between June 1 and June 30, 2026, at a total cost of approximately ¥7.83 billion, as part of its ongoing share buyback program. This mo...
Mitsubishi Estate Reports Progress on ¥50 Billion Share Buyback Program
Jun 1, 2026
Mitsubishi Estate Co., Ltd. has disclosed progress on its ongoing share repurchase program, reporting the buyback of 1,245,100 common shares on the Tokyo Stock Exchange between May 15 and May 31, 2026, for a total cost of about ¥5.06 billion....
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.