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Star Asia Investment Corporation logo

Star Asia Investment Corporation

3468.T

JPXReal EstateREIT - Diversified

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Latest quote

¥53,800

¥0.00 · 0.00%

Aug 25, 9:35 AM JST

3468.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Star Asia Investment Corporation (SAR) began trading on the Real Estate Investment Trust Securities Market of the Tokyo Stock Exchange on April 20, 2016. The Star Asia Group acts as SAR's sponsor, bringing a substantial background in presenting real estate investment avenues, mainly within Japan, to institutional investors, primarily those based in the U.S. As an autonomous fund manager dedicated to "prioritizing investors' interests," the Star Asia Group consistently leverages its adaptable and varied investment methodologies to secure prime investment opportunities.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
JP
CEO
Atsushi Kato
Listed since
Apr 20, 2016
Employees
230

Market position

Day range

Current ¥53,800

52-week range

Current ¥53,800

Open
¥53,800
Previous close
¥53,800
Volume
5.29K
0.8× average
Average volume
6.59K
Average daily volume
Market cap
144.56B JPY
Beta
0.14
Market reference 1
50-day average
¥54,678
-1.61% below average
200-day average
¥58,030.5
-7.29% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
291.19B JPY
P/E (TTM)
28.57×
P/B (TTM)
1×
P/S (TTM)
7.78×
EV / EBITDA
42.07×
Earnings yield
3.06%
Free cash flow yield
-13.85%
Dividend yield
6.36%

Profitability & efficiency

Gross margin
27.96%
Operating margin
32.60%
Net margin
27.26%
Return on equity
3.34%
Return on assets
1.64%
Return on invested capital
1.98%

Financial health

Debt / equity
0.96×
Current ratio
0.66×
Altman Z-score
0.87
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends124%94%64%34%Gross margin, FY2021: 64.13%Gross margin, FY2022: 60.11%Gross margin, FY2023: 51.32%Gross margin, FY2024: 55.81%Gross margin, FY2025: 58.89%Operating margin, FY2021: 50.81%Operating margin, FY2022: 50.92%Operating margin, FY2023: 48.92%Operating margin, FY2024: 53.79%Operating margin, FY2025: 57.65%Net margin, FY2021: 116.15%Net margin, FY2022: 42.13%Net margin, FY2023: 41.32%Net margin, FY2024: 44.76%Net margin, FY2025: 48.40%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 64.13%. Gross margin FY2022 60.11%. Gross margin FY2023 51.32%. Gross margin FY2024 55.81%. Gross margin FY2025 58.89%. Operating margin FY2021 50.81%. Operating margin FY2022 50.92%. Operating margin FY2023 48.92%. Operating margin FY2024 53.79%. Operating margin FY2025 57.65%. Net margin FY2021 116.15%. Net margin FY2022 42.13%. Net margin FY2023 41.32%. Net margin FY2024 44.76%. Net margin FY2025 48.40%.

Income trends

Revenue

9.99B JPY-37.88%

Operating income

5.76B JPY-33.42%

Net income

4.83B JPY-32.83%
Income trends across reported periods17.2B JPY12.71B JPY8.21B JPY3.71B JPYRevenue, FY2021: 12.23B JPYRevenue, FY2022: 12.05B JPYRevenue, FY2023: 14.17B JPYRevenue, FY2024: 16.08B JPYRevenue, FY2025: 9.99B JPYOperating income, FY2021: 6.22B JPYOperating income, FY2022: 6.14B JPYOperating income, FY2023: 6.93B JPYOperating income, FY2024: 8.65B JPYOperating income, FY2025: 5.76B JPYNet income, FY2021: 14.21B JPYNet income, FY2022: 5.08B JPYNet income, FY2023: 5.86B JPYNet income, FY2024: 7.2B JPYNet income, FY2025: 4.83B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.23B JPY. Revenue FY2022 12.05B JPY. Revenue FY2023 14.17B JPY. Revenue FY2024 16.08B JPY. Revenue FY2025 9.99B JPY. Operating income FY2021 6.22B JPY. Operating income FY2022 6.14B JPY. Operating income FY2023 6.93B JPY. Operating income FY2024 8.65B JPY. Operating income FY2025 5.76B JPY. Net income FY2021 14.21B JPY. Net income FY2022 5.08B JPY. Net income FY2023 5.86B JPY. Net income FY2024 7.2B JPY. Net income FY2025 4.83B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue9.99B JPY16.08B JPY14.17B JPY12.05B JPY12.23B JPY
Cost of goods sold4.11B JPY7.1B JPY6.9B JPY4.81B JPY4.39B JPY
Gross profit5.88B JPY8.97B JPY7.27B JPY7.24B JPY7.85B JPY
Selling, general, and administrative2.4M JPY54.4M JPY842.9M JPY785.08M JPY785.33M JPY
Operating expenses124.03M JPY325.17M JPY339.88M JPY1.11B JPY1.63B JPY
Interest income7.43M JPY1.03M JPY109K JPY103K JPY114K JPY
Interest expense—976.34M JPY757.57M JPY681.18M JPY—
Depreciation and amortization1.16B JPY2B JPY1.51B JPY1.38B JPY1.26B JPY
Operating income5.76B JPY8.65B JPY6.93B JPY6.14B JPY6.22B JPY
Net income4.83B JPY7.2B JPY5.86B JPY5.08B JPY14.21B JPY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+3.30%
11 comparable reports
Latest EPS result
1,769
Estimate 1,751 · Beat by 1.03%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1,870.961,696.321,521.681,347.04Q1 '23BeatQ3 '23BeatQ1 '24BeatQ3 '24BeatQ1 '25BeatQ3 '25BeatQ1 '26BeatQ3 '26Estimate
Q1 2023, reported Mar 16, 2023: actual 1,455.82, estimate 1,419, surprise +2.59%, Beat. Q3 2023, reported Sep 13, 2023: actual 1,599.24, estimate 1,564, surprise +2.25%, Beat. Q1 2024, reported Mar 15, 2024: actual 1,518.64, estimate 1,423, surprise +6.72%, Beat. Q3 2024, reported Sep 13, 2024: actual 1,546.78, estimate 1,478, surprise +4.65%, Beat. Q1 2025, reported Mar 17, 2025: actual 1,712.47, estimate 1,518, surprise +12.81%, Beat. Q3 2025, reported Sep 12, 2025: actual 1,799, estimate 1,613, surprise +11.53%, Beat. Q1 2026, reported Mar 18, 2026: actual 1,769, estimate 1,751, surprise +1.03%, Beat. Q3 2026, reported Sep 14, 2026: actual —, estimate 1,657, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates10.68B9.11B7.55B5.98BQ1 '23BeatQ3 '23BeatQ1 '24MissQ3 '24BeatQ1 '25BeatQ3 '25BeatQ1 '26BeatQ3 '26Estimate
Q1 2023, reported Mar 16, 2023: actual 6.49B JPY, estimate 6.4B JPY, surprise +1.43%, Beat. Q3 2023, reported Sep 13, 2023: actual 7.68B JPY, estimate 7.02B JPY, surprise +9.43%, Beat. Q1 2024, reported Mar 15, 2024: actual 7.96B JPY, estimate 7.98B JPY, surprise -0.23%, Miss. Q3 2024, reported Sep 13, 2024: actual 8.11B JPY, estimate 7.97B JPY, surprise +1.86%, Beat. Q1 2025, reported Mar 17, 2025: actual 9.69B JPY, estimate 9.15B JPY, surprise +5.90%, Beat. Q3 2025, reported Sep 12, 2025: actual 9.99B JPY, estimate 9.46B JPY, surprise +5.59%, Beat. Q1 2026, reported Mar 18, 2026: actual 10.27B JPY, estimate 10.07B JPY, surprise +2.01%, Beat. Q3 2026, reported Sep 14, 2026: actual —, estimate 9.54B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥3,504

2025 complete year+11.7% since 2021

2026 partial: ¥3,419

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 30, 2026

¥1,650

Semi-Annual

Record Jul 31, 2026 · Payment Jul 30, 2026

Dividend

Ex-dividend Jan 29, 2026

¥1,769

Semi-Annual

Record Jan 31, 2026 · Payment Apr 17, 2026

Dividend

Ex-dividend Jul 30, 2025

¥1,803

Semi-Annual

Record Jul 31, 2025 · Payment Oct 14, 2025

Dividend

Ex-dividend Jan 30, 2025

¥1,701

Semi-Annual

Record Jan 31, 2025 · Payment Apr 14, 2025

Dividend

Ex-dividend Jul 30, 2024

¥1,596

Semi-Annual

Record Jul 31, 2024 · Payment Oct 15, 2024

Dividend

Ex-dividend Jan 30, 2024

¥1,524

Semi-Annual

Record Jan 31, 2024 · Payment Apr 15, 2024

3468.T peers

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ETFs holding 3468.T

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
12.33M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.20-0.58%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
7.84M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.06-0.49%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
5.68M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.67-0.18%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
3.29M
Weight
0.08%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.80+0.20%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
3.18M
Weight
0.02%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$158.95-0.69%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
3.04M
Weight
0.02%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.50-0.12%
iShares Global REIT ETF logoiShares Global REIT ETFREET
Market value
2.18M
Weight
0.04%
AUM
5.08B USD
Expense ratio
0.14%
Price / 1D
$28.18+0.57%
Dimensional - Global Real Estate ETF logoDimensional - Global Real Estate ETFDFGR
Market value
1.78M
Weight
0.05%
AUM
3.85B USD
Expense ratio
0.22%
Price / 1D
$29.62+0.54%

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