Mitsubishi Estate Co., Ltd. logo

Mitsubishi Estate Co., Ltd.

8802.T

JPXReal EstateReal Estate - Diversified

Latest quote

¥3,723

+¥36.00 · +0.98%

Aug 24, 2:37 PM JST

8802.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

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 actively engaged in the development, letting, management, and divestment of office buildings. Furthermore, it undertakes the conceptualization, construction, and tenant placement for retail complexes and outlets. Its involvement in the logistics sector includes the financing, construction, operational oversight, and asset management of various facilities. Mitsubishi Estate boasts a significant hospitality presence, managing 16 Royal Park Hotels across Japan, alongside the Marunouchi Hotel situated in its namesake district. The firm also holds operational responsibility for several key transportation hubs, including Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt. Fuji Shizuoka Airport, and a consortium of seven airports throughout Hokkaido. In the residential domain, the company focuses on the entire lifecycle of condominiums, from initial development and rebuilding to sales, brokerage, and ongoing management. It also provides rental services for apartments. Complementing its core real estate operations, Mitsubishi Estate offers financial vehicles such as real estate investment trusts (REITs) and manages private placement funds. Beyond traditional property services, the company extends its expertise to architectural design, engineering, construction, and civil engineering projects, alongside urban and regional planning consultancy. Additionally, it delivers comprehensive real estate solutions, encompassing brokerage services, support for managing condominium and office building leases, and property valuation.

Industry
Real Estate - Diversified
Sector
Real Estate
Headquarters
JP
CEO
Atsushi Nakajima
Listed since
May 7, 1953
Employees
11,659

Market position

Day range

Current ¥3,723

52-week range

Current ¥3,723

Open
¥3,676
Previous close
¥3,687
Volume
1.86M
0.48× average
Average volume
3.86M
Average daily volume
Market cap
4.48T JPY
Beta
0.37
Market reference 1
50-day average
¥4,006.08
-7.07% below average
200-day average
¥4,147.09
-10.23% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.59T JPY
P/E (TTM)
15.78×
P/B (TTM)
1.65×
P/S (TTM)
2.37×
EV / EBITDA
16.68×
Earnings yield
4.21%
Free cash flow yield
0.15%
Dividend yield
1.24%

Profitability & efficiency

Gross margin
22.83%
Operating margin
20.59%
Net margin
15.15%
Return on equity
8.27%
Return on assets
2.60%
Return on invested capital
2.59%

Financial health

Debt / equity
1.39×
Current ratio
2.71×
Altman Z-score
1.19
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 trends31%24%16%9%Gross margin, FY2022: 27.77%Gross margin, FY2023: 28.82%Gross margin, FY2024: 26.07%Gross margin, FY2025: 26.46%Gross margin, FY2026: 19.70%Operating margin, FY2022: 20.67%Operating margin, FY2023: 21.53%Operating margin, FY2024: 18.52%Operating margin, FY2025: 19.57%Operating margin, FY2026: 18.88%Net margin, FY2022: 11.50%Net margin, FY2023: 12.00%Net margin, FY2024: 11.19%Net margin, FY2025: 11.99%Net margin, FY2026: 12.74%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 27.77%. Gross margin FY2023 28.82%. Gross margin FY2024 26.07%. Gross margin FY2025 26.46%. Gross margin FY2026 19.70%. Operating margin FY2022 20.67%. Operating margin FY2023 21.53%. Operating margin FY2024 18.52%. Operating margin FY2025 19.57%. Operating margin FY2026 18.88%. Net margin FY2022 11.50%. Net margin FY2023 12.00%. Net margin FY2024 11.19%. Net margin FY2025 11.99%. Net margin FY2026 12.74%.

Income trends

Revenue

1.75T JPY+10.53%

Operating income

329.73B JPY+6.63%

Net income

222.51B JPY+17.51%
Income trends across reported periods1.91T JPY1.27T JPY632.46B JPY−3.93B JPYRevenue, FY2022: 1.35T JPYRevenue, FY2023: 1.38T JPYRevenue, FY2024: 1.5T JPYRevenue, FY2025: 1.58T JPYRevenue, FY2026: 1.75T JPYOperating income, FY2022: 278.98B JPYOperating income, FY2023: 296.7B JPYOperating income, FY2024: 278.63B JPYOperating income, FY2025: 309.23B JPYOperating income, FY2026: 329.73B JPYNet income, FY2022: 155.17B JPYNet income, FY2023: 165.34B JPYNet income, FY2024: 168.43B JPYNet income, FY2025: 189.36B JPYNet income, FY2026: 222.51B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.35T JPY. Revenue FY2023 1.38T JPY. Revenue FY2024 1.5T JPY. Revenue FY2025 1.58T JPY. Revenue FY2026 1.75T JPY. Operating income FY2022 278.98B JPY. Operating income FY2023 296.7B JPY. Operating income FY2024 278.63B JPY. Operating income FY2025 309.23B JPY. Operating income FY2026 329.73B JPY. Net income FY2022 155.17B JPY. Net income FY2023 165.34B JPY. Net income FY2024 168.43B JPY. Net income FY2025 189.36B JPY. Net income FY2026 222.51B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue1.75T JPY1.58T JPY1.5T JPY1.38T JPY1.35T JPY
Cost of goods sold1.4T JPY1.16T JPY1.11T JPY980.79B JPY974.72B JPY
Gross profit343.97B JPY417.97B JPY392.27B JPY397.04B JPY374.77B JPY
Selling, general, and administrative97.58B JPY113.65B JPY100.33B JPY95.79B JPY
Operating expenses14.24B JPY108.73B JPY113.65B JPY100.33B JPY95.79B JPY
Interest income1.9B JPY1.78B JPY1.33B JPY873M JPY800M JPY
Interest expense55.13B JPY47.56B JPY36B JPY25B JPY20.74B JPY
Depreciation and amortization110.79B JPY105.04B JPY102.01B JPY96.63B JPY94.13B JPY
Operating income329.73B JPY309.23B JPY278.63B JPY296.7B JPY278.98B JPY
Net income222.51B JPY189.36B JPY168.43B JPY165.34B JPY155.17B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+12.39%
11 comparable reports
Latest EPS result
79.16
Estimate 45.25 · Beat by 74.94%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates83.7961.8939.9918.09Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 42.83, estimate 29.25, surprise +46.43%, Beat. Q2 2025, reported May 12, 2025: actual 64.71, estimate 54.51, surprise +18.71%, Beat. Q3 2025, reported Aug 7, 2025: actual 25.75, estimate 26.05, surprise -1.15%, Miss. Q4 2025, reported Nov 10, 2025: actual 21.28, estimate 27.07, surprise -21.39%, Miss. Q1 2026, reported Feb 9, 2026: actual 78.63, estimate 48.97, surprise +60.57%, Beat. Q2 2026, reported May 13, 2026: actual 54.35, estimate 59.53, surprise -8.70%, Miss. Q3 2026, reported Aug 7, 2026: actual 79.16, estimate 45.25, surprise +74.94%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 24.4, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates679.64B563.37B447.09B330.81BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 406.85B JPY, estimate 400.2B JPY, surprise +1.66%, Beat. Q2 2025, reported May 12, 2025: actual 531.89B JPY, estimate 535.61B JPY, surprise -0.69%, Miss. Q3 2025, reported Aug 7, 2025: actual 356.95B JPY, estimate 394.09B JPY, surprise -9.42%, Miss. Q4 2025, reported Nov 10, 2025: actual 386.25B JPY, estimate 405.47B JPY, surprise -4.74%, Miss. Q1 2026, reported Feb 9, 2026: actual 466.87B JPY, estimate 475.06B JPY, surprise -1.72%, Miss. Q2 2026, reported May 13, 2026: actual 536.68B JPY, estimate 653.5B JPY, surprise -17.88%, Miss. Q3 2026, reported Aug 7, 2026: actual 497.69B JPY, estimate 521.7B JPY, surprise -4.60%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 457.38B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥45.00

2025 complete year+55.2% since 2021

2026 partial: ¥23.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥24.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥25.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥23.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥23.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Mar 28, 2025

¥22.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Sep 27, 2024

¥21.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 6, 2024

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