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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 2020 JPYUSD
Revenue1,302.19B11,976.88M
Gross Profit335,160M3,082.61M
Operating income240,769M2,214.46M
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 240,769M
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 2,214.46M
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 margin18.48%
Profit margin11.40%

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

  • Nomura Asset Management Co., Ltd. (4.5%)
  • Mitsubishi Estate Co., Ltd. (3.7%)
  • Meiji Yasuda Life Insurance Co. (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.3%)
  • First Eagle Investment Management LLC (3.2%)
  • BlackRock Fund Advisors (3.0%)
  • The Vanguard Group, Inc. (2.7%)
  • Norges Bank Investment Management (2.6%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • Nikko Asset Management Co., Ltd. (1.6%)

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 Estate Parks Co., Ltd.
  • 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.

Competitors

  • Open House Co., Ltd.
Last Updated on 27 Jan, 2021

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