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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 2022 JPYUSD
Revenue1,349.48B12,009.04M
Gross Profit374,765M3,335.01M
Operating income278,978M2,482.61M
Income before tax253,779M2,258.36M
Net income155,171M1,380.86M
EBITDA373,103M3,320.22M
Diluted EPS116.441.03
Dividends Per Share360.32
Total Assets6,505.91B53,601.80M
Total liabilities4,269.48B35,175.95M
Total equity2,003.42B16,506.09M
Operating cash flow310,357M2,761.85M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,194.04B 1,263.28B 1,302.19B 1,207.59B 1,349.48B
Gross Profit 303,812M 322,307M 335,160M 317,764M 374,765M
Operating income 189,925M 205,676M 240,769M 224,394M 278,978M
Income before tax 191,457M 210,939M 223,949M 201,265M 253,779M
Net income 120,444M 134,609M 148,452M 135,655M 155,171M
EBITDA 296,153M 312,797M 328,376M 316,523M 373,103M
Diluted EPS 86.76 96.95 108.62 101.33 116.44
Dividends Per Share 26 30 33 31 36
Total Assets 5,817.19B 5,793.98B 5,875.36B 6,086.36B 6,505.91B
Total liabilities 3,938.10B 3,836.87B 3,934.15B 4,024.91B 4,269.48B
Total equity 1,698.67B 1,770.94B 1,734.75B 1,852.13B 2,003.42B
Operating cash flow 347,175M 355,078M 384,983M 228,462M 310,357M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 10,773.46M 11,391.73M 11,976.88M 11,386.22M 12,009.04M
Gross Profit 2,741.18M 2,906.42M 3,082.61M 2,996.15M 3,335.01M
Operating income 1,713.62M 1,854.69M 2,214.46M 2,115.77M 2,482.61M
Income before tax 1,727.44M 1,902.15M 2,059.75M 1,897.69M 2,258.36M
Net income 1,086.72M 1,213.84M 1,365.38M 1,279.07M 1,380.86M
EBITDA 2,672.07M 2,820.66M 3,020.22M 2,984.44M 3,320.22M
Diluted EPS 0.78 0.87 0.99 0.95 1.03
Dividends Per Share 0.23 0.27 0.30 0.29 0.32
Total Assets 54,698.57M 52,346.63M 54,424.17M 55,080.24M 53,601.80M
Total liabilities 37,029.62M 34,664.81M 36,442.50M 36,424.55M 35,175.95M
Total equity 15,972.50M 15,999.87M 16,069.21M 16,761.36M 16,506.09M
Operating cash flow 3,132.43M 3,201.93M 3,540.86M 2,154.13M 2,761.85M

Valuation Measures

Mar 2022
PER15.61
ROA2.46%
ROE8.04%
Operating margin20.67%
Profit margin11.49%

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. (4.9%)
  • Nomura Asset Management Co., Ltd. (3.9%)
  • First Eagle Investment Management LLC (3.2%)
  • BlackRock Fund Advisors (3.1%)
  • Meiji Yasuda Life Insurance Co. (3.0%)
  • The Vanguard Group, Inc. (2.6%)
  • Daiwa Asset Management Co. Ltd. (1.7%)
  • Nikko Asset Management Co., Ltd. (1.6%)
  • BlackRock Japan Co., Ltd. (1.3%)
  • Takenaka Corp. (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
  • 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.
  • Mitsubishi Jisho Sekkei, Inc.

Competitors

  • Open House Group Co. Ltd
Last Updated on 28 Sep, 2022

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