GoAI
Get started
Hankyu Hanshin REIT, Inc. logo

Hankyu Hanshin REIT, Inc.

8977.T

JPXReal EstateREIT - Diversified

Open in GoAI

Latest quote

¥135,000

+¥1,300 · +0.97%

Aug 24, 11:30 AM JST

8977.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Hankyu Hanshin REIT, Inc. manages the capital provided by its unitholders. These funds are primarily channeled into physical real estate and property-backed securities, in strict adherence to the directives outlined in its Articles of Incorporation.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
JP
CEO
Toyoshige Okazaki
Listed since
Oct 26, 2005
Employees
43

Market position

Day range

Current ¥135,000

52-week range

Current ¥135,000

Open
¥133,800
Previous close
¥133,700
Volume
1.13K
0.59× average
Average volume
1.92K
Average daily volume
Market cap
93.85B JPY
Beta
0.18
Market reference 1
50-day average
¥138,072
-2.22% below average
200-day average
¥153,602.5
-12.11% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
200.56B JPY
P/E (TTM)
20.2×
P/B (TTM)
1.08×
P/S (TTM)
7.17×
EV / EBITDA
26.11×
Earnings yield
4.04%
Free cash flow yield
3.67%
Dividend yield
4.95%

Profitability & efficiency

Gross margin
13.72%
Operating margin
44.28%
Net margin
35.48%
Return on equity
5.51%
Return on assets
2.62%
Return on invested capital
3.08%

Financial health

Debt / equity
1×
Current ratio
1.25×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%47%40%32%Gross margin, FY2021: 51.07%Gross margin, FY2022: 52.39%Gross margin, FY2023: 51.17%Gross margin, FY2024: 50.80%Gross margin, FY2025: 35.10%Operating margin, FY2021: 41.55%Operating margin, FY2022: 42.42%Operating margin, FY2023: 41.81%Operating margin, FY2024: 41.32%Operating margin, FY2025: 40.04%Net margin, FY2021: 36.11%Net margin, FY2022: 36.81%Net margin, FY2023: 36.17%Net margin, FY2024: 35.21%Net margin, FY2025: 34.30%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 51.07%. Gross margin FY2022 52.39%. Gross margin FY2023 51.17%. Gross margin FY2024 50.80%. Gross margin FY2025 35.10%. Operating margin FY2021 41.55%. Operating margin FY2022 42.42%. Operating margin FY2023 41.81%. Operating margin FY2024 41.32%. Operating margin FY2025 40.04%. Net margin FY2021 36.11%. Net margin FY2022 36.81%. Net margin FY2023 36.17%. Net margin FY2024 35.21%. Net margin FY2025 34.30%.

Income trends

Revenue

13.98B JPY+14.98%

Operating income

5.6B JPY+11.40%

Net income

4.79B JPY+12.01%
Income trends across reported periods14.96B JPY11.02B JPY7.07B JPY3.13B JPYRevenue, FY2021: 11.39B JPYRevenue, FY2022: 11.38B JPYRevenue, FY2023: 11.72B JPYRevenue, FY2024: 12.16B JPYRevenue, FY2025: 13.98B JPYOperating income, FY2021: 4.73B JPYOperating income, FY2022: 4.83B JPYOperating income, FY2023: 4.9B JPYOperating income, FY2024: 5.02B JPYOperating income, FY2025: 5.6B JPYNet income, FY2021: 4.11B JPYNet income, FY2022: 4.19B JPYNet income, FY2023: 4.24B JPYNet income, FY2024: 4.28B JPYNet income, FY2025: 4.79B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 11.39B JPY. Revenue FY2022 11.38B JPY. Revenue FY2023 11.72B JPY. Revenue FY2024 12.16B JPY. Revenue FY2025 13.98B JPY. Operating income FY2021 4.73B JPY. Operating income FY2022 4.83B JPY. Operating income FY2023 4.9B JPY. Operating income FY2024 5.02B JPY. Operating income FY2025 5.6B JPY. Net income FY2021 4.11B JPY. Net income FY2022 4.19B JPY. Net income FY2023 4.24B JPY. Net income FY2024 4.28B JPY. Net income FY2025 4.79B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue13.98B JPY12.16B JPY11.72B JPY11.38B JPY11.39B JPY
Cost of goods sold9.07B JPY5.98B JPY5.72B JPY5.42B JPY5.57B JPY
Gross profit4.91B JPY6.18B JPY6B JPY5.96B JPY5.82B JPY
Selling, general, and administrative1.06B JPY991M JPY180M JPY944.25M JPY940.72M JPY
Operating expenses−689.25M JPY1.15B JPY1.1B JPY1.13B JPY1.08B JPY
Interest income16.16M JPY923K JPY87K JPY87K JPY87K JPY
Interest expense—643.44M JPY566.27M JPY552.01M JPY553.62M JPY
Depreciation and amortization2.07B JPY1.98B JPY1.96B JPY1.94B JPY2.09B JPY
Operating income5.6B JPY5.02B JPY4.9B JPY4.83B JPY4.73B JPY
Net income4.79B JPY4.28B JPY4.24B JPY4.19B JPY4.11B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+2.64%
11 comparable reports
Latest EPS result
3,288
Estimate 3,239 · Beat by 1.51%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3,643.123,361.313,079.492,797.68Q3 '23BeatQ1 '24BeatQ3 '24BeatQ1 '25BeatQ3 '25BeatQ1 '26BeatQ3 '26BeatQ1 '27Estimate
Q3 2023, reported Jul 19, 2023: actual 3,042, estimate 2,944.7, surprise +3.30%, Beat. Q1 2024, reported Jan 24, 2024: actual 3,055, estimate 2,937.8, surprise +3.99%, Beat. Q3 2024, reported Jul 19, 2024: actual 3,001, estimate 2,946.2, surprise +1.86%, Beat. Q1 2025, reported Jan 24, 2025: actual 3,155, estimate 3,129, surprise +0.83%, Beat. Q3 2025, reported Jul 17, 2025: actual 3,503, estimate 3,143, surprise +11.45%, Beat. Q1 2026, reported Jan 23, 2026: actual 3,392, estimate 3,310, surprise +2.48%, Beat. Q3 2026, reported Jul 16, 2026: actual 3,288, estimate 3,239, surprise +1.51%, Beat. Q1 2027, reported Jan 25, 2027: actual —, estimate 3,279.5, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.04B4.7B2.35B10.23MQ3 '23BeatQ1 '24BeatQ3 '24MissQ1 '25BeatQ3 '25BeatQ1 '26BeatQ3 '26MissQ1 '27Estimate
Q3 2023, reported Jul 19, 2023: actual 5.82B JPY, estimate 5.79B JPY, surprise +0.54%, Beat. Q1 2024, reported Jan 24, 2024: actual 5.9B JPY, estimate 12.03M JPY, surprise +48935.74%, Beat. Q3 2024, reported Jul 19, 2024: actual 5.93B JPY, estimate 5.94B JPY, surprise -0.14%, Miss. Q1 2025, reported Jan 24, 2025: actual 6.22B JPY, estimate 6.19B JPY, surprise +0.52%, Beat. Q3 2025, reported Jul 17, 2025: actual 6.42B JPY, estimate 6.09B JPY, surprise +5.36%, Beat. Q1 2026, reported Jan 23, 2026: actual 6.5B JPY, estimate 6.44B JPY, surprise +0.99%, Beat. Q3 2026, reported Jul 16, 2026: actual 6.3B JPY, estimate 6.32B JPY, surprise -0.30%, Miss. Q1 2027, reported Jan 25, 2027: actual —, estimate 6.52B JPY, surprise —, Comparison unavailable.

ETFs holding 8977.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
8.2M
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
5.77M
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
5.3M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
State Street SPDR Portfolio Developed World ex-US ETF logoState Street SPDR Portfolio Developed World ex-US ETFSPDW
Market value
4.92M
Weight
0.01%
AUM
41.92B USD
Expense ratio
0.03%
Price / 1D
$52.02+0.79%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
2.28M
Weight
0.06%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71+0.04%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
2.2M
Weight
0.02%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
1.75M
Weight
0.01%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
iShares Global REIT ETF logoiShares Global REIT ETFREET
Market value
1.55M
Weight
0.03%
AUM
5.06B USD
Expense ratio
0.14%
Price / 1D
$28.02-0.21%

Continue in GoAI

Research 8977.T

research.disclaimer