Starts Proceed Investment Corporation stock analysis
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Starts Proceed Investment Corporation (8979) Stock Price & Analysis
8979 Stock Chart & Stats
- Day’s Range
- JPY 162,200.00 - JPY 166,600.00
- 52-Week Range
- JPY 162,200.00 - JPY 228,900.00
- Previous Close
- JPY 169,100.00
- Volume
- N/A
- Average Volume (3M)
- 747
- Market Cap
- JPY 44.51B
- Enterprise Value
- JPY 104.96B
- Total Cash (Recent Filing)
- JPY 3.89B
- Total Debt (Recent Filing)
- JPY 55.95B
- Price to Earnings (P/E)
- 18.2
- Beta
- 0.11
- Next Earnings
- Dec 11, 2026 (Est.)
- EPS Estimate
- 5,073
- Last Dividend Ex-Date
- Oct 29, 2026
- Dividend Yield
- 6.27%
Bulls Say, Bears Say
Bulls Say
Diversified Income-producing Property Portfolio
A diversified portfolio of leased Japanese properties provides an established recurring-income model and spreads exposure across assets. This structure can support relatively durable cash generation and distribution capacity, provided occupancy and property economics remain resilient over the coming quarters.
Strong Profitability
High gross and net profit margins indicate that the existing portfolio continues to convert revenue into earnings efficiently. This profitability provides an internal cushion against weaker top-line performance and can help preserve operating flexibility while management addresses revenue pressure.
Stable And Manageable Balance Sheet
A debt-to-equity ratio around 1.1 and a solid equity base suggest leverage is currently manageable for the company’s REIT business model. This supports financial flexibility and reduces the immediate balance-sheet strain that could otherwise limit property investment or distributions.
Bears Say
Sharp Revenue Contraction
A 24.73% latest-year revenue decline is a material setback for a property vehicle dependent on recurring income from leased assets. If the contraction persists, it could weaken earnings capacity, reduce funds available for distribution, and limit resources for future portfolio growth.
Weaker Free Cash Flow
The 41.02% decline in free cash flow weakens the cash buffer available for operations, investment, and distributions. Even with operating cash flow remaining strong relative to net income, sustained deterioration would make future capital needs and unitholder payments less comfortably funded.
Declining Equity And Return On Equity
A declining equity base combined with slightly weakening return on equity may reduce the balance sheet’s ability to absorb future pressure. If not reversed, this trend could constrain financial resilience and make it harder to support property investment without relying more heavily on leverage.
Starts Proceed Investment Corporation News
Starts Proceed Brings Forward Sale Date of Proceed Nishikasai to Align with New Acquisition
Starts Proceed Investment Corporation ( ($JP:8979) ) has shared an update. Starts Proceed Investment Corporation has moved up the planned disposition date for its trust beneficiary interest in the domestic
Starts Proceed REIT details 41st-period results and outlines new management policy
An announcement from Starts Proceed Investment Corporation ( ($JP:8979) ) is now available. Starts Proceed Investment Corporation reported highlights for its 41st fiscal period, covering the six months ended April
Starts Proceed Slightly Raises Earnings and Distribution Outlook for October 2026
Starts Proceed Investment Corporation ( ($JP:8979) ) just unveiled an announcement. Starts Proceed Investment Corporation has slightly raised its management and distribution forecasts for the fiscal period ending October 2026,
Starts Proceed REIT Posts Steady Results and Projects Higher Near-Term Payouts
Starts Proceed Investment Corporation ( ($JP:8979) ) just unveiled an announcement. Starts Proceed Investment Corporation reported modest performance for its 41st fiscal period ended April 30, 2026, with operating revenue
Starts Proceed Investment Corporation Locks In Fixed Rate on Term Loan via Interest Rate Swap
Starts Proceed Investment Corporation ( ($JP:8979) ) has shared an update. Starts Proceed Investment Corporation has fixed the interest rate on a previously announced term loan by concluding an interest
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Company Description
Starts Proceed Investment Corporation
After three capital increases through public offering and other developments since listing on the JASDAQ Market, SPI listed on the Tokyo Stock Exchange, Inc. Real Estate Investment Trust Securities Market (Securities Code: 8979) on July 27, 2010, and this was accompanied by an application for delisting being filed with the JASDAQ Market on August 10, 2010, and the delisting from the JASDAQ Market taking effect on October 1, 2010. SPI entrusts asset management to Starts Asset Management Co., Ltd. (the Asset Management Company) and sets the focus of management on investment in real estate of which the principal use is use as rental housing (rental housing) as well as specified assets (the meaning provided in Article 2, Paragraph 1 of the Investment Trusts Act; the same hereinafter) backed mainly by rental housing. SPI also invests in monthly rental apartments, serviced apartments, hotels, residential facilities for the elderly (collectively referred to as rental housing, etc. together with rental housing), which are assets related to rental housing, and real estate from which income can be expected due to other leasing revenue or specified assets backed by such real estate. As it invests in rental housing, etc., SPI adopts the basic policy of setting rental housing for average-income households in particular, the demand for which SPI believes to be the most stable, as the primary investment target. All of the acquired investment units were cancelled on April 30, 2025. Starts Proceed Investment Corporation was established on May 2, 2005.
- Sector
- General
- Industry
- REIT - Residential
- CEO
- Naoki Suzuki
- Website
- www.sp-inv.co.jp
- Address
- 3-1-8 Nihonbashi, Tokyo, TY, 103-0027, JP
Starts Proceed Investment Corporation (8979) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 2 | 15 |
| Technical Analysis | 5 | 2 | 3 |
| Moving Averages | 0 | 0 | 12 |









