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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: Commercial Property, Residential, International, Investment Management, Architectural Design and Engineering; and Real Estate Services, and Other. The Commercial Property segment includes office building, retail facility, outlet mall, logistics facility, hotel, and airport operations. The Residential segment deals with the sale, lease, and management of condominiums, rental apartments, and custom-built housing. The International segment develops office buildings, residential properties, commercial facilities, and other real estate businesses abroad. The Investment Management segment deals with real estate asset management, real estate investment trusts, and private placement funds. The Architectural Design and Engineering; and Real Estate Services segment offers construction, civil engineering, and urban and regional development planning and consulting; as well as real estate problem-solving solutions, including real estate brokerage and condominium and office building leasing management support. 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 2021 JPYUSD
Revenue1,207.59B11,386.22M
Gross Profit317,764M2,996.15M
Operating income224,394M2,115.77M
Income before tax201,265M1,897.69M
Net income135,655M1,279.07M
EBITDA316,523M2,984.44M
Diluted EPS101.330.95
Dividends Per Share310.29
Total Assets6,086.36B55,080.24M
Total liabilities4,024.91B36,424.55M
Total equity1,852.13B16,761.36M
Operating cash flow228,462M2,154.13M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,125.40B 1,194.04B 1,263.28B 1,302.19B 1,207.59B
Gross Profit 277,680M 303,812M 322,307M 335,160M 317,764M
Operating income 169,753M 189,925M 205,676M 240,769M 224,394M
Income before tax 162,881M 191,457M 210,939M 223,949M 201,265M
Net income 102,682M 120,444M 134,609M 148,452M 135,655M
EBITDA 273,943M 296,153M 312,797M 328,376M 316,523M
Diluted EPS 73.98 86.76 96.95 108.62 101.33
Dividends Per Share 20 26 30 33 31
Total Assets 5,504.83B 5,817.19B 5,793.98B 5,875.36B 6,086.36B
Total liabilities 3,737.37B 3,938.10B 3,836.87B 3,934.15B 4,024.91B
Total equity 1,593.30B 1,698.67B 1,770.94B 1,734.75B 1,852.13B
Operating cash flow 200,987M 347,175M 355,078M 384,983M 228,462M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 10,392.75M 10,773.46M 11,391.73M 11,976.88M 11,386.22M
Gross Profit 2,564.28M 2,741.18M 2,906.42M 3,082.61M 2,996.15M
Operating income 1,567.61M 1,713.62M 1,854.69M 2,214.46M 2,115.77M
Income before tax 1,504.15M 1,727.44M 1,902.15M 2,059.75M 1,897.69M
Net income 948.23M 1,086.72M 1,213.84M 1,365.38M 1,279.07M
EBITDA 2,529.77M 2,672.07M 2,820.66M 3,020.22M 2,984.44M
Diluted EPS 0.68 0.78 0.87 0.99 0.95
Dividends Per Share 0.18 0.23 0.27 0.30 0.29
Total Assets 49,401.75M 54,698.57M 52,346.63M 54,424.17M 55,080.24M
Total liabilities 33,540.08M 37,029.62M 34,664.81M 36,442.50M 36,424.55M
Total equity 14,298.71M 15,972.50M 15,999.87M 16,069.21M 16,761.36M
Operating cash flow 1,856.04M 3,132.43M 3,201.93M 3,540.86M 2,154.13M

Valuation Measures

Mar 2021
PER19.06
ROA2.26%
ROE7.56%
Operating margin18.58%
Profit margin11.23%

Key executives

  • President & Director: Junichi Yoshida
  • Head-Administration & Technology: Futoshi Chiba
  • Director, Head-Human Resources, Legal & Compliance: Bunroku Naganuma
  • Director & Head-Sustainability Promotions: Tetsuji Arimori
  • Director & Representative Executive Vice President: Junichi Tanisawa

Shareholders

  • Mitsubishi Estate Co., Ltd. (4.2%)
  • Nomura Asset Management Co., Ltd. (4.0%)
  • Norges Bank Investment Management (3.1%)
  • BlackRock Fund Advisors (3.1%)
  • Meiji Yasuda Life Insurance Co. (3.0%)
  • First Eagle Investment Management LLC (2.6%)
  • The Vanguard Group, Inc. (2.5%)
  • Daiwa Asset Management Co. Ltd. (1.8%)
  • Nikko Asset Management Co., Ltd. (1.7%)
  • BlackRock Japan Co., Ltd. (1.3%)

Contact Details

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

Related Companies

  • Mitsubishi Real Estate Services Co., Ltd.
  • Mitsubishi Estate Vietnam Co., Ltd.
  • PT Mitsubishi Estate Indonesia
  • Ryoei Life Service Co., Ltd.
  • Mitsubishi Jisho House Net Co., Ltd.
  • MEC Eco LIFE Co., Ltd.
  • Tohoku Royal Park Hotel Co., Ltd.
  • Yuden Building Kanri Co., Ltd.
  • Hokuryo City Service Co., Ltd.
  • MEC Business System Solutions Co., Ltd.
  • Mitsubishi Jisho Community Holdings Co., Ltd.
  • 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.
  • Marunouchi Direct Access Ltd.
  • 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.

Competitors

  • Open House Co., Ltd.
Last Updated on 3 Dec, 2021

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