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Mullion Co., Ltd. logo

Mullion Co., Ltd.

3494.T

JPXReal EstateReal Estate - Services

Open in GoAI

Latest quote

¥446

+¥3.00 · +0.68%

Aug 24, 11:30 AM JST

3494.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Based in Tokyo, Japan, Mullion Co., Ltd. operates within the real estate industry. The company's services encompass the ownership, management, and leasing of various properties, along with their securitization. Mullion Co., Ltd. was founded in 1986.

Industry
Real Estate - Services
Sector
Real Estate
Headquarters
JP
CEO
Keishi Fukuda
Listed since
Sep 13, 2018
Employees
20

Market position

Day range

Current ¥446

52-week range

Current ¥446

Open
¥443
Previous close
¥443
Volume
2.7K
0.24× average
Average volume
11.16K
Average daily volume
Market cap
3.5B JPY
Beta
0.17
Market reference 1
50-day average
¥401.78
+11.01% above average
200-day average
¥373.67
+19.36% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.01B JPY
P/E (TTM)
4.82×
P/B (TTM)
0.69×
P/S (TTM)
0.82×
EV / EBITDA
9.83×
Earnings yield
13.06%
Free cash flow yield
25.88%
Dividend yield
1.35%

Profitability & efficiency

Gross margin
37.56%
Operating margin
29.90%
Net margin
16.99%
Return on equity
9.64%
Return on assets
2.44%
Return on invested capital
3.31%

Financial health

Debt / equity
1.73×
Current ratio
1.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends50%33%16%-1%Gross margin, FY2021: 45.68%Gross margin, FY2022: 37.95%Gross margin, FY2023: 32.27%Gross margin, FY2024: 41.19%Gross margin, FY2025: 35.15%Operating margin, FY2021: 15.95%Operating margin, FY2022: 10.49%Operating margin, FY2023: 13.63%Operating margin, FY2024: 24.18%Operating margin, FY2025: 26.89%Net margin, FY2021: 4.75%Net margin, FY2022: 2.80%Net margin, FY2023: 5.07%Net margin, FY2024: 11.90%Net margin, FY2025: 14.12%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 45.68%. Gross margin FY2022 37.95%. Gross margin FY2023 32.27%. Gross margin FY2024 41.19%. Gross margin FY2025 35.15%. Operating margin FY2021 15.95%. Operating margin FY2022 10.49%. Operating margin FY2023 13.63%. Operating margin FY2024 24.18%. Operating margin FY2025 26.89%. Net margin FY2021 4.75%. Net margin FY2022 2.80%. Net margin FY2023 5.07%. Net margin FY2024 11.90%. Net margin FY2025 14.12%.

Income trends

Revenue

3.25B JPY+13.14%

Operating income

874.99M JPY+25.78%

Net income

459.54M JPY+34.27%
Income trends across reported periods3.57B JPY2.3B JPY1.02B JPY−259.01M JPYRevenue, FY2021: 1.84B JPYRevenue, FY2022: 2.16B JPYRevenue, FY2023: 2.81B JPYRevenue, FY2024: 2.88B JPYRevenue, FY2025: 3.25B JPYOperating income, FY2021: 293.74M JPYOperating income, FY2022: 226.55M JPYOperating income, FY2023: 382.69M JPYOperating income, FY2024: 695.63M JPYOperating income, FY2025: 874.99M JPYNet income, FY2021: 87.55M JPYNet income, FY2022: 60.4M JPYNet income, FY2023: 142.49M JPYNet income, FY2024: 342.26M JPYNet income, FY2025: 459.54M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.84B JPY. Revenue FY2022 2.16B JPY. Revenue FY2023 2.81B JPY. Revenue FY2024 2.88B JPY. Revenue FY2025 3.25B JPY. Operating income FY2021 293.74M JPY. Operating income FY2022 226.55M JPY. Operating income FY2023 382.69M JPY. Operating income FY2024 695.63M JPY. Operating income FY2025 874.99M JPY. Net income FY2021 87.55M JPY. Net income FY2022 60.4M JPY. Net income FY2023 142.49M JPY. Net income FY2024 342.26M JPY. Net income FY2025 459.54M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue3.25B JPY2.88B JPY2.81B JPY2.16B JPY1.84B JPY
Cost of goods sold2.11B JPY1.69B JPY1.9B JPY1.34B JPY1B JPY
Gross profit1.14B JPY1.19B JPY906.09M JPY819.57M JPY841.17M JPY
Selling, general, and administrative—419M JPY495M JPY563M JPY516M JPY
Operating expenses269.03M JPY489.68M JPY523.81M JPY593.02M JPY547.43M JPY
Interest income3.18M JPY1.36M JPY2.67M JPY1.26M JPY1.87M JPY
Interest expense135.47M JPY113.36M JPY93.94M JPY84.88M JPY83.08M JPY
Depreciation and amortization217.4M JPY237.17M JPY234.52M JPY206.8M JPY215.35M JPY
Operating income874.99M JPY695.63M JPY382.69M JPY226.55M JPY293.74M JPY
Net income459.54M JPY342.26M JPY142.49M JPY60.4M JPY87.55M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
35.77

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates54.436.7619.131.49Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 28.11, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 3.29, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 2.66, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 13, 2025: actual 2.18, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 50.5, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 4.56, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 1.75, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 12, 2026: actual 35.77, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates2.1B1.5B900.9M300.05MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 1.41B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 421M JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 353M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 13, 2025: actual 507M JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 1.97B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 415M JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 372M JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 12, 2026: actual 1.51B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥6.00

2025 complete year+233.3% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥7.00

Special

Record Sep 30, 2026 · Payment Sep 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥6.00

Irregular

Record Sep 30, 2025 · Payment Dec 22, 2025

Dividend

Ex-dividend Sep 27, 2024

¥5.20

Special

Record Sep 30, 2024 · Payment Dec 23, 2024

Dividend

Ex-dividend Sep 28, 2023

¥14.00

Annual

Record Sep 30, 2023 · Payment Dec 25, 2023

Dividend

Ex-dividend Sep 29, 2022

¥10.00

Annual

Record Sep 30, 2022 · Payment Dec 26, 2022

Dividend

Ex-dividend Sep 29, 2021

¥9.00

Annual

Record Sep 30, 2021 · Payment Dec 27, 2021

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