Starts Corporation Inc. logo

Starts Corporation Inc.

8850.T

JPXReal EstateReal Estate - Diversified

Latest quote

¥4,755

−¥10.00 · -0.21%

Aug 24, 1:28 PM JST

8850.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Starts Corporation Inc., founded in Tokyo in 1969, operates globally with a wide range of activities spanning construction, property administration, and tenant acquisition. The company specializes in the design and construction oversight of seismic-isolated buildings, in addition to executing urban revitalization and Public-Private Partnership (PFI) projects. Within real estate, they facilitate property transactions, including the sale of commercial structures, condominiums, and detached houses, and provide Corporate Real Estate (CRE) strategies and housing management solutions for business clients. Their extensive property management services cover residential, parking, office, and retail facilities, complemented by offerings like card key and home security systems. Starts Corporation also delivers asset management consultation and oversees J-REIT management. Furthermore, the company diversifies into media and hospitality, publishing lifestyle magazines and digital novels, managing the OZmall online platform, and organizing events. They are also involved in developing and operating hotels, traditional Japanese inns, and golf courses. A significant portion of their business is dedicated to social care, managing around 100 facilities such as nursing homes, elder care residences, and licensed childcare centers, alongside offering referral services for senior care and childcare support. Lastly, they enhance residential properties by selling and installing various fixtures and fittings.

Industry
Real Estate - Diversified
Sector
Real Estate
Headquarters
JP
CEO
Hisaji Muraishi
Listed since
Mar 27, 1969
Employees
4,715

Market position

Day range

Current ¥4,755

52-week range

Current ¥4,755

Open
¥4,760
Previous close
¥4,765
Volume
28.5K
0.42× average
Average volume
67.8K
Average daily volume
Market cap
225.12B JPY
Beta
0.24
Market reference 1
50-day average
¥4,656.2
+2.12% above average
200-day average
¥4,802.38
-0.99% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
211.48B JPY
P/E (TTM)
8.85×
P/B (TTM)
1.18×
P/S (TTM)
0.88×
EV / EBITDA
4.64×
Earnings yield
11.09%
Free cash flow yield
0.91%
Dividend yield
2.94%

Profitability & efficiency

Gross margin
33.17%
Operating margin
14.10%
Net margin
10.11%
Return on equity
13.41%
Return on assets
7.18%
Return on invested capital
8.99%

Financial health

Debt / equity
0.38×
Current ratio
1.6×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%26%16%6%Gross margin, FY2021: 30.56%Gross margin, FY2022: 29.15%Gross margin, FY2023: 31.50%Gross margin, FY2024: 32.70%Gross margin, FY2025: 33.24%Operating margin, FY2021: 12.30%Operating margin, FY2022: 12.01%Operating margin, FY2023: 13.07%Operating margin, FY2024: 14.00%Operating margin, FY2025: 14.40%Net margin, FY2021: 8.53%Net margin, FY2022: 8.64%Net margin, FY2023: 9.47%Net margin, FY2024: 10.42%Net margin, FY2025: 10.05%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.56%. Gross margin FY2022 29.15%. Gross margin FY2023 31.50%. Gross margin FY2024 32.70%. Gross margin FY2025 33.24%. Operating margin FY2021 12.30%. Operating margin FY2022 12.01%. Operating margin FY2023 13.07%. Operating margin FY2024 14.00%. Operating margin FY2025 14.40%. Net margin FY2021 8.53%. Net margin FY2022 8.64%. Net margin FY2023 9.47%. Net margin FY2024 10.42%. Net margin FY2025 10.05%.

Income trends

Revenue

251.91B JPY+8.13%

Operating income

36.27B JPY+11.19%

Net income

25.31B JPY+4.27%
Income trends across reported periods275.42B JPY181.37B JPY87.31B JPY−6.74B JPYRevenue, FY2021: 196.58B JPYRevenue, FY2022: 233.87B JPYRevenue, FY2023: 233.41B JPYRevenue, FY2024: 232.98B JPYRevenue, FY2025: 251.91B JPYOperating income, FY2021: 24.18B JPYOperating income, FY2022: 28.1B JPYOperating income, FY2023: 30.5B JPYOperating income, FY2024: 32.62B JPYOperating income, FY2025: 36.27B JPYNet income, FY2021: 16.77B JPYNet income, FY2022: 20.22B JPYNet income, FY2023: 22.1B JPYNet income, FY2024: 24.28B JPYNet income, FY2025: 25.31B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 196.58B JPY. Revenue FY2022 233.87B JPY. Revenue FY2023 233.41B JPY. Revenue FY2024 232.98B JPY. Revenue FY2025 251.91B JPY. Operating income FY2021 24.18B JPY. Operating income FY2022 28.1B JPY. Operating income FY2023 30.5B JPY. Operating income FY2024 32.62B JPY. Operating income FY2025 36.27B JPY. Net income FY2021 16.77B JPY. Net income FY2022 20.22B JPY. Net income FY2023 22.1B JPY. Net income FY2024 24.28B JPY. Net income FY2025 25.31B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue251.91B JPY232.98B JPY233.41B JPY233.87B JPY196.58B JPY
Cost of goods sold168.17B JPY156.8B JPY159.89B JPY165.69B JPY136.49B JPY
Gross profit83.74B JPY76.18B JPY73.52B JPY68.19B JPY60.08B JPY
Selling, general, and administrative47.47B JPY43.55B JPY41.6B JPY38.95B JPY35.06B JPY
Operating expenses47.47B JPY43.55B JPY43.02B JPY40.09B JPY35.9B JPY
Interest income540M JPY433M JPY185M JPY53M JPY16M JPY
Interest expense620M JPY408M JPY233M JPY254M JPY265M JPY
Depreciation and amortization7.08B JPY6.74B JPY6.36B JPY5.74B JPY5.36B JPY
Operating income36.27B JPY32.62B JPY30.5B JPY28.1B JPY24.18B JPY
Net income25.31B JPY24.28B JPY22.1B JPY20.22B JPY16.77B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
117.31

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates162.32133.73105.1576.56Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 82.8, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 125.03, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 124.98, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 106.42, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 118.54, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 145.57, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 156.08, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 117.31, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates73.32B67.52B61.71B55.91BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 58.73B JPY, estimate 60.4B JPY, surprise -2.77%, Miss. Q2 2025, reported May 12, 2025: actual 65.4B JPY, estimate 63.42B JPY, surprise +3.12%, Beat. Q3 2025, reported Aug 8, 2025: actual 59.42B JPY, estimate 61.59B JPY, surprise -3.52%, Miss. Q4 2025, reported Nov 10, 2025: actual 59.17B JPY, estimate 61.59B JPY, surprise -3.92%, Miss. Q1 2026, reported Feb 9, 2026: actual 62.82B JPY, estimate 63.67B JPY, surprise -1.32%, Miss. Q2 2026, reported May 11, 2026: actual 70.5B JPY, estimate 69.59B JPY, surprise +1.31%, Beat. Q3 2026, reported Aug 7, 2026: actual 62.21B JPY, estimate 65.69B JPY, surprise -5.29%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 65.69B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥130

2025 complete year+100.0% since 2021

2026 partial: ¥75.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥75.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥75.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥75.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥65.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Mar 28, 2025

¥65.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Sep 27, 2024

¥55.00

Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

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