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Finance

Mitsubishi Estate Co., Ltd.

Business Summary

Mitsubishi Estate Co., Ltd. engages in the real estate business. It operates through the following segments: Office Building, Lifestyle Property, Residential, International, Investment Management, Architectural Design and Engineering, Hotel, Real Estate Services, and Others. The Office Building segment manages office buildings, parking lots, and air conditioning business. The Lifestyle Property segment develops and leases commercial and logistics facilities. The Residential segment ventures into the construction, sale, and management of condominiums, single-unit houses, residential and commercial lots, and leisure facilities. The International segment develops, leases, and manages overseas properties. The Investment Management segment manages real estate for investment purposes and other types of assets. The Architectural Design and Engineering segment designs and supervises construction and civil engineering projects. The Hotel segment operates Royal Park Hotel chains. The Real Estate Services segment offers real estate brokerage and related services. The Others segment includes information systems development, maintenance management, and consigned salary structure training services. The company was founded on May 7, 1937 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue1,302.19B11,976.88M
Gross Profit335,160M3,082.61M
Operating income218,669M2,011.19M
Income before tax223,949M2,059.75M
Net income148,452M1,365.38M
EBITDA328,376M3,020.22M
Diluted EPS108.620.99
Dividends Per Share330.30
Total Assets5,875.36B54,424.17M
Total liabilities3,934.15B36,442.50M
Total equity1,734.75B16,069.21M
Operating cash flow384,983M3,540.86M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,009.40B 1,125.40B 1,194.04B 1,263.28B 1,302.19B
Gross Profit 252,588M 277,680M 303,812M 322,307M 335,160M
Operating income 146,017M 169,753M 189,925M 205,676M 218,669M
Income before tax 141,850M 162,881M 191,457M 210,939M 223,949M
Net income 83,426M 102,682M 120,444M 134,609M 148,452M
EBITDA 246,589M 273,943M 296,153M 312,797M 328,376M
Diluted EPS 60.11 73.98 86.76 96.95 108.62
Dividends Per Share 16 20 26 30 33
Total Assets 5,338.79B 5,504.83B 5,817.19B 5,793.98B 5,875.36B
Total liabilities 3,679.61B 3,737.37B 3,938.10B 3,836.87B 3,934.15B
Total equity 1,510.21B 1,593.30B 1,698.67B 1,770.94B 1,734.75B
Operating cash flow 168,308M 200,987M 347,175M 355,078M 384,983M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 8,405.82M 10,392.75M 10,773.46M 11,391.73M 11,976.88M
Gross Profit 2,103.42M 2,564.28M 2,741.18M 2,906.42M 3,082.61M
Operating income 1,215.95M 1,567.61M 1,713.62M 1,854.69M 2,011.19M
Income before tax 1,181.25M 1,504.15M 1,727.44M 1,902.15M 2,059.75M
Net income 694.72M 948.23M 1,086.72M 1,213.84M 1,365.38M
EBITDA 2,053.46M 2,529.77M 2,672.07M 2,820.66M 3,020.22M
Diluted EPS 0.50 0.68 0.78 0.87 0.99
Dividends Per Share 0.13 0.18 0.23 0.27 0.30
Total Assets 47,500.26M 49,401.75M 54,698.57M 52,346.63M 54,424.17M
Total liabilities 32,738.21M 33,540.08M 37,029.62M 34,664.81M 36,442.50M
Total equity 13,436.62M 14,298.71M 15,972.50M 15,999.87M 16,069.21M
Operating cash flow 1,401.58M 1,856.04M 3,132.43M 3,201.93M 3,540.86M

Valuation Measures

Mar 2020
PER14.68
ROA2.54%
ROE8.46%
Operating margin16.79%
Profit margin11.40%

Key executives

  • President & Director: Junichi Yoshida
  • Director, Head-Personnel, Legal & Compliance: Noboru Nishigai
  • Director & Executive Vice President: Tetsuji Arimori
  • Executive Officer: Masaki Yamagishi
  • Senior Managing Executive Officer: Naoto Aiba

Shareholders

  • Nomura Asset Management Co., Ltd. (4.5%)
  • First Eagle Investment Management LLC (3.8%)
  • Mitsubishi Estate Co., Ltd. (3.7%)
  • Meiji Yasuda Life Insurance Co. (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.3%)
  • BlackRock Fund Advisors (3.0%)
  • The Vanguard Group, Inc. (2.8%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • Tokio Marine Holdings, Inc. (1.4%)

Contact Details

  • Website:http://www.mec.co.jp
  • Address: Otemachi Building, 1-6-1 Otemachi, Tokyo, 100-8133, Japan
  • Phone: +81.3.3287.5100

Related Companies

  • Mitsubishi Estate Restricted Stock Compensation Plan
  • Mitsubishi Jisho Marubeni Residence Services Co., Ltd.
  • Mitsubishi Estate (Shanghai) Ltd.
  • MEC Community Holdings KK
  • MEC Global Investment Ltd.
  • Mitsubishi Estate Trust
  • MEC Holdings-2 UK Ltd.
  • Mitsubishi Estate Europe Ltd.
  • Mitsubishi Estate Asia Pte Ltd.
  • Mitsubishi Jisho Residence Co., Ltd.
  • MEC USA, Inc.
  • Mitsubishi Estate New York, Inc.
  • Ikebukuro District Heating & Cooling Co., Ltd.
  • Marunouchi Hotel Co., Ltd.
  • Mitsubishi Jisho Retail Property Management Co. Ltd.
  • Mitsubishi Real Estate Service Co., Ltd.
  • Marunouchi Heat Supply Co., Ltd.
  • Yokohama Royal Park Hotel Co., Ltd.
  • Mitsubishi Jisho Sekkei, Inc.
  • Royal Park INN Nagoya Co. Ltd.
  • Royal Park Hotels & Resorts Co. Ltd.
  • Shiki Resorts Co. Ltd.
  • Mitsubishi Estate Housing Components Co. Ltd.
  • Bow Bells House Investment L 2 Ltd.
  • Mitsubishi Estate London Ltd.
  • Central Consultant, Inc.
  • Mec Design International Corp.
  • Mitsubishi Estate Home Co. Ltd.
  • Tokyo Garage Co. Ltd.
  • Izumi Parktown Service KK

Competitors

  • Open House Co., Ltd.
Last Updated on 27 Oct, 2020

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