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Choei Inc.

2993.T

JPXReal EstateReal Estate - Services

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Latest quote

¥2,240

+¥5.00 · +0.22%

Aug 24, 10:31 AM JST

2993.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Choei Inc. operates within Japan, specializing in the management of condominium properties. The company offers a broad spectrum of real estate services, which includes overseeing rental properties, facilitating property leases, brokering both real estate sales and rentals, and engaging in property development. Additionally, Choei Inc. provides home renovation services, offers monthly apartment rentals, and delivers other diverse rental solutions. The firm was founded in 1980 and its main office is situated in Kyoto, Japan.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
JP
CEO
Wataru Funai
Listed since
Dec 24, 2021
Employees
261

Market position

Day range

Current ¥2,240

52-week range

Current ¥2,240

Open
¥2,272
Previous close
¥2,235
Volume
500
0.3× average
Average volume
1.64K
Average daily volume
Market cap
9.83B JPY
Beta
0.2
Market reference 1
50-day average
¥2,152.46
+4.07% above average
200-day average
¥2,295.54
-2.42% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
53.6B JPY
P/E (TTM)
8.65×
P/B (TTM)
0.84×
P/S (TTM)
0.86×
EV / EBITDA
13.34×
Earnings yield
9.46%
Free cash flow yield
-49.99%
Dividend yield
5.58%

Profitability & efficiency

Gross margin
17.20%
Operating margin
19.35%
Net margin
9.92%
Return on equity
8.10%
Return on assets
1.36%
Return on invested capital
1.89%

Financial health

Debt / equity
4.67×
Current ratio
5.1×
Altman Z-score
0.73
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%30%18%6%Gross margin, FY2021: 36.93%Gross margin, FY2022: 38.64%Gross margin, FY2023: 37.51%Gross margin, FY2024: 33.49%Gross margin, FY2025: 16.66%Operating margin, FY2021: 23.78%Operating margin, FY2022: 25.42%Operating margin, FY2023: 19.47%Operating margin, FY2024: 17.98%Operating margin, FY2025: 17.88%Net margin, FY2021: 18.44%Net margin, FY2022: 14.95%Net margin, FY2023: 13.41%Net margin, FY2024: 20.64%Net margin, FY2025: 9.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.93%. Gross margin FY2022 38.64%. Gross margin FY2023 37.51%. Gross margin FY2024 33.49%. Gross margin FY2025 16.66%. Operating margin FY2021 23.78%. Operating margin FY2022 25.42%. Operating margin FY2023 19.47%. Operating margin FY2024 17.98%. Operating margin FY2025 17.88%. Net margin FY2021 18.44%. Net margin FY2022 14.95%. Net margin FY2023 13.41%. Net margin FY2024 20.64%. Net margin FY2025 9.05%.

Income trends

Revenue

11.01B JPY+9.88%

Operating income

1.97B JPY+9.31%

Net income

996.33M JPY-51.81%
Income trends across reported periods12.01B JPY8B JPY4B JPY−4.84M JPYRevenue, FY2021: 8.48B JPYRevenue, FY2022: 9.16B JPYRevenue, FY2023: 9.37B JPYRevenue, FY2024: 10.02B JPYRevenue, FY2025: 11.01B JPYOperating income, FY2021: 2.02B JPYOperating income, FY2022: 2.33B JPYOperating income, FY2023: 1.82B JPYOperating income, FY2024: 1.8B JPYOperating income, FY2025: 1.97B JPYNet income, FY2021: 1.56B JPYNet income, FY2022: 1.37B JPYNet income, FY2023: 1.26B JPYNet income, FY2024: 2.07B JPYNet income, FY2025: 996.33M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.48B JPY. Revenue FY2022 9.16B JPY. Revenue FY2023 9.37B JPY. Revenue FY2024 10.02B JPY. Revenue FY2025 11.01B JPY. Operating income FY2021 2.02B JPY. Operating income FY2022 2.33B JPY. Operating income FY2023 1.82B JPY. Operating income FY2024 1.8B JPY. Operating income FY2025 1.97B JPY. Net income FY2021 1.56B JPY. Net income FY2022 1.37B JPY. Net income FY2023 1.26B JPY. Net income FY2024 2.07B JPY. Net income FY2025 996.33M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue11.01B JPY10.02B JPY9.37B JPY9.16B JPY8.48B JPY
Cost of goods sold9.17B JPY6.66B JPY5.85B JPY5.62B JPY5.35B JPY
Gross profit1.83B JPY3.35B JPY3.51B JPY3.54B JPY3.13B JPY
Selling, general, and administrative—1.55B JPY1.63B JPY849M JPY762M JPY
Operating expenses−135.04M JPY1.55B JPY1.69B JPY1.21B JPY1.11B JPY
Interest income516K JPY90K JPY12K JPY7K JPY7K JPY
Interest expense816.34M JPY594.74M JPY518.4M JPY509.61M JPY526.04M JPY
Depreciation and amortization1.78B JPY1.58B JPY1.42B JPY1.31B JPY1.22B JPY
Operating income1.97B JPY1.8B JPY1.82B JPY2.33B JPY2.02B JPY
Net income996.33M JPY2.07B JPY1.26B JPY1.37B JPY1.56B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
95.21

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates332.36227.09121.8216.55Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 74.38, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 10, 2025: actual 19.47, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 309.18, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 63.15, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 44.17, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 71.51, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 47.99, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 12, 2026: actual 95.21, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.13B2.88B2.63B2.38BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 2.5B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 10, 2025: actual 2.52B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 2.62B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 2.54B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 2.71B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 2.75B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 3.01B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 12, 2026: actual 2.96B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥125

2025 complete year+38.9% since 2021

2026 partial: ¥125

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥100

Irregular

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥125

Special

Record Mar 31, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Mar 28, 2025

¥125

Special

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Mar 28, 2024

¥107

Special

Record Mar 31, 2024 · Payment Jun 27, 2024

Dividend

Ex-dividend Mar 30, 2023

¥100

Special

Record Mar 31, 2023 · Payment Jun 30, 2023

Dividend

Ex-dividend Mar 30, 2022

¥105

Special

Record Mar 31, 2022 · Payment Jun 30, 2022

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