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Daiwa Office Investment Corporation logo

Daiwa Office Investment Corporation

8976.T

JPXReal EstateREIT - Office

Open in GoAI

Latest quote

¥325,000

+¥1,000 · +0.31%

Aug 24, 3:30 PM JST

8976.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Daiwa Office Investment Corporation, a Real Estate Investment Trust, specializes in acquiring and overseeing office properties located within the five central wards of Tokyo.

Industry
REIT - Office
Sector
Real Estate
Headquarters
JP
CEO
Daisuke Eki
Listed since
Oct 19, 2005
Employees
124

Market position

Day range

Current ¥325,000

52-week range

Current ¥325,000

Open
¥324,500
Previous close
¥324,000
Volume
2.5K
1.37× average
Average volume
1.82K
Average daily volume
Market cap
303.79B JPY
Beta
0.14
Market reference 1
50-day average
¥329,030
-1.22% below average
200-day average
¥349,382.5
-6.98% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
19.74×
P/B (TTM)
1.25×
P/S (TTM)
7.58×
Dividend yield
4.82%

Profitability & efficiency

Gross margin
38.98%
Operating margin
44.30%
Net margin
38.44%

Financial health

Debt / equity
0.98×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends66%56%45%35%Gross margin, FY2021: 63.37%Gross margin, FY2022: 62.64%Gross margin, FY2023: 59.76%Gross margin, FY2024: 53.19%Gross margin, FY2025: 37.84%Operating margin, FY2021: 53.52%Operating margin, FY2022: 52.83%Operating margin, FY2023: 50.23%Operating margin, FY2024: 51.57%Operating margin, FY2025: 43.94%Net margin, FY2021: 49.59%Net margin, FY2022: 49.37%Net margin, FY2023: 46.32%Net margin, FY2024: 46.47%Net margin, FY2025: 38.52%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 63.37%. Gross margin FY2022 62.64%. Gross margin FY2023 59.76%. Gross margin FY2024 53.19%. Gross margin FY2025 37.84%. Operating margin FY2021 53.52%. Operating margin FY2022 52.83%. Operating margin FY2023 50.23%. Operating margin FY2024 51.57%. Operating margin FY2025 43.94%. Net margin FY2021 49.59%. Net margin FY2022 49.37%. Net margin FY2023 46.32%. Net margin FY2024 46.47%. Net margin FY2025 38.52%.

Income trends

Revenue

37.51B JPY+30.30%

Operating income

16.48B JPY+11.01%

Net income

14.45B JPY+7.99%
Income trends across reported periods39.93B JPY30.24B JPY20.56B JPY10.87B JPYRevenue, FY2021: 28.94B JPYRevenue, FY2022: 28.37B JPYRevenue, FY2023: 28.7B JPYRevenue, FY2024: 28.79B JPYRevenue, FY2025: 37.51B JPYOperating income, FY2021: 15.49B JPYOperating income, FY2022: 14.99B JPYOperating income, FY2023: 14.41B JPYOperating income, FY2024: 14.84B JPYOperating income, FY2025: 16.48B JPYNet income, FY2021: 14.35B JPYNet income, FY2022: 14.01B JPYNet income, FY2023: 13.29B JPYNet income, FY2024: 13.38B JPYNet income, FY2025: 14.45B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 28.94B JPY. Revenue FY2022 28.37B JPY. Revenue FY2023 28.7B JPY. Revenue FY2024 28.79B JPY. Revenue FY2025 37.51B JPY. Operating income FY2021 15.49B JPY. Operating income FY2022 14.99B JPY. Operating income FY2023 14.41B JPY. Operating income FY2024 14.84B JPY. Operating income FY2025 16.48B JPY. Net income FY2021 14.35B JPY. Net income FY2022 14.01B JPY. Net income FY2023 13.29B JPY. Net income FY2024 13.38B JPY. Net income FY2025 14.45B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue37.51B JPY28.79B JPY28.7B JPY28.37B JPY28.94B JPY
Cost of goods sold23.31B JPY13.47B JPY11.55B JPY10.6B JPY10.6B JPY
Gross profit14.19B JPY15.31B JPY17.15B JPY17.77B JPY18.34B JPY
Selling, general, and administrative2.62B JPY195.31M JPY2.46B JPY2.51B JPY2.54B JPY
Operating expenses−2.29B JPY467.22M JPY2.74B JPY2.78B JPY2.85B JPY
Interest income11.02M JPY202.14M JPY29K JPY29K JPY30K JPY
Interest expense—1.12B JPY868.59M JPY846.12M JPY878.3M JPY
Depreciation and amortization3.77B JPY3.75B JPY3.59B JPY3.58B JPY3.63B JPY
Operating income16.48B JPY14.84B JPY14.41B JPY14.99B JPY15.49B JPY
Net income14.45B JPY13.38B JPY13.29B JPY14.01B JPY14.35B JPY

Company facts updated Aug 24, 2026.

Corporate actions

Annual dividends per share

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

¥14,940

2025 complete year+6.7% since 2021

2026 partial: ¥7,630

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Nov 27, 2026

¥7,170

Semi-Annual

Record Nov 30, 2026 · Payment Nov 27, 2026

Dividend

Ex-dividend May 28, 2026

¥7,630

Semi-Annual

Record May 31, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend Nov 27, 2025

¥8,020

Semi-Annual

Record Nov 30, 2025 · Payment Feb 13, 2026

Dividend

Ex-dividend May 29, 2025

¥6,920

Semi-Annual

Record May 31, 2025 · Payment Aug 14, 2025

Dividend

Ex-dividend Nov 28, 2024

¥6,850

Semi-Annual

Record Nov 30, 2024 · Payment Feb 14, 2025

Dividend

Ex-dividend May 30, 2024

¥13,700

Semi-Annual

Record May 31, 2024 · Payment Aug 15, 2024

8976.T peers

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Hulic Co., Ltd. logo

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Nippon Building Fund Incorporation logo

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ETFs holding 8976.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
15.93M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
10.93M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
7.37M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
5.33M
Weight
0.14%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71+0.04%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
3.95M
Weight
0.03%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
iShares Global REIT ETF logoiShares Global REIT ETFREET
Market value
2.9M
Weight
0.06%
AUM
5.06B USD
Expense ratio
0.14%
Price / 1D
$28.02-0.21%
iShares Core MSCI Total International Stock ETF logoiShares Core MSCI Total International Stock ETFIXUS
Market value
2.69M
Weight
0.00%
AUM
60.91B USD
Expense ratio
0.07%
Price / 1D
$97.945+0.76%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
2.54M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%

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