Cash flow Mitsubishi Estate Co., Ltd.

Equities

8802

JP3899600005

Real Estate Development & Operations

Market Closed - Japan Exchange Other stock markets 01:30:00 2026-01-23 am EST			5-day change	1st Jan Change
3,930.00 ^JPY	0.00%		-4.03%	+2.85%

Jan. 16	Japan Real Estate Investment Acquires Additional Stake in Tokyo Office Tower	MT
Dec. 22	Mitsubishi Estate Logistics REIT Investment Ups Stake in Logistics Facility Owner	MT

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Published financial data: MITSUBISHI ESTATE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1,208B	1,349B	1,378B	1,505B	1,580B
Total Revenues	1,208B	1,349B	1,378B	1,505B	1,580B
Cost of Goods Sold, Total	890B	975B	981B	1,112B	1,162B
Gross Profit	318B	375B	397B	392B	418B
Selling General & Admin Expenses, Total	93.26B	95.61B	100B	114B	97.54B
Provision for Bad Debts	110M	174M	309M	113M	39M
Other Operating Expenses	-	-	-	-	11.16B
Other Operating Expenses, Total	93.37B	95.79B	100B	114B	109B
Operating Income	224B	279B	297B	279B	309B
Interest Expense, Total	-21.62B	-20.74B	-25B	-36B	-47.56B
Interest And Investment Income	16.97B	8B	8.63B	10.68B	11.24B
Net Interest Expenses	-4.66B	-12.74B	-16.37B	-25.32B	-36.32B
Income (Loss) On Equity Invest.	307M	332M	260M	308M	375M
Other Non Operating Income (Expenses)	-2.63B	-452M	-3.02B	-6.64B	-2.32B
EBT, Excl. Unusual Items	217B	266B	278B	247B	271B
Gain (Loss) On Sale Of Investments	-10.8B	9.83B	-6.56B	18.14B	46.84B
Gain (Loss) On Sale Of Assets	7.13B	-5.62B	3.17B	4.56B	2.66B
Asset Writedown	-6.78B	-3.87B	-3.54B	-	-13.12B
Other Unusual Items	-5.7B	-12.68B	-17.74B	4.85B	9.62B
EBT, Incl. Unusual Items	201B	254B	253B	275B	317B
Income Tax Expense	54.2B	70.89B	70.63B	98.13B	110B
Earnings From Continuing Operations	147B	183B	182B	176B	207B
Net Income to Company	147B	183B	182B	176B	207B
Minority Interest	-11.41B	-27.72B	-16.92B	-7.97B	-17.51B
Net Income - (IS)	136B	155B	165B	168B	189B
Net Income to Common Incl Extra Items	136B	155B	165B	168B	189B
Net Income to Common Excl. Extra Items	136B	155B	165B	168B	189B
Per Share Items
Net EPS - Basic	101.34	116.45	125.54	131.96	151.04
Basic EPS - Continuing Operations	101.34	116.45	125.54	131.96	151.04
Basic Weighted Average Shares Outstanding	1.34B	1.33B	1.32B	1.28B	1.25B
Net EPS - Diluted	101.33	116.44	125.53	131.96	151.04
Diluted EPS - Continuing Operations	101.33	116.44	125.53	131.96	151.04
Diluted Weighted Average Shares Outstanding	1.34B	1.33B	1.32B	1.28B	1.25B
Normalized Basic EPS	92.99	104.02	118.87	114.69	121.12
Normalized Diluted EPS	92.98	104.01	118.86	114.69	121.12
Dividend Per Share	31	36	38	40	43
Payout Ratio	29.57	30.16	31.2	29.71	27.24
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	317B	373B	393B	376B	409B
EBITA	227B	282B	300B	277B	308B
EBIT	224B	279B	297B	279B	309B
Effective Tax Rate - (Ratio)	26.93	27.93	27.93	35.74	34.73
Normalized Net Income	124B	139B	157B	146B	152B
Non-Cash Pension Expense	-1.8B	-3.57B	-4.77B	-5.23B	-26.53B
Supplemental Operating Expense Items
Advertising Expense	8.75B	6.92B	5.63B	7.69B	7.65B
Selling and Marketing Expenses	8.75B	6.92B	5.63B	7.69B	7.65B

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	170B	233B	225B	274B	254B
Short Term Investments	4.63B	4.28B	3.58B	4.75B	5.92B
Total Cash And Short Term Investments	175B	237B	229B	279B	260B
Accounts Receivable, Total	548B	685B	786B	1,051B	1,176B
Total Receivables	548B	685B	786B	1,051B	1,176B
Inventory	365B	347B	494B	514B	579B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	76.88B	87.26B	109B	102B	111B
Total Current Assets	1,164B	1,357B	1,617B	1,945B	2,125B
Net Property Plant And Equipment	4,180B	4,346B	4,416B	4,597B	4,854B
Long-term Investments	599B	655B	699B	902B	871B
Other Intangibles, Total	101B	108B	111B	105B	106B
Loans Receivable Long-Term	11.66B	2.32B	2.56B	5.08B	5.62B
Deferred Tax Assets Long-Term	16.54B	25.89B	25.94B	29.61B	34.02B
Other Long-Term Assets, Total	1M	2M	2M	1M	2M
Total Assets	6,073B	6,494B	6,872B	7,584B	7,997B
Liabilities
Accounts Payable, Total	60.51B	60.52B	66.41B	87.09B	93.86B
Short-term Borrowings	192B	182B	195B	231B	202B
Current Portion of Long-Term Debt	193B	170B	237B	174B	209B
Current Income Taxes Payable	24.46B	29.44B	23.57B	49.26B	87.63B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	193B	189B	334B	329B	320B
Total Current Liabilities	662B	631B	855B	871B	913B
Long-Term Debt	2,140B	2,385B	2,439B	2,731B	2,926B
Pension & Other Post Retirement Benefits	27.78B	27.87B	28.12B	27.83B	24.7B
Deferred Tax Liability Non Current	508B	538B	553B	622B	604B
Other Non Current Liabilities	673B	675B	617B	707B	788B
Total Liabilities	4,011B	4,257B	4,492B	4,959B	5,256B
Common Stock, Total	142B	142B	142B	142B	142B
Additional Paid In Capital	164B	160B	158B	157B	179B
Retained Earnings	1,058B	1,165B	1,147B	1,266B	1,263B
Treasury Stock	-105B	-132B	-48.45B	-102B	-11.18B
Comprehensive Income and Other	592B	668B	758B	938B	990B
Total Common Equity	1,852B	2,003B	2,158B	2,401B	2,564B
Minority Interest	209B	233B	222B	223B	177B
Total Equity	2,061B	2,236B	2,380B	2,625B	2,741B
Total Liabilities And Equity	6,073B	6,494B	6,872B	7,584B	7,997B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.34B	1.32B	1.29B	1.26B	1.25B
ECS Total Common Shares Outstanding	1.34B	1.32B	1.3B	1.27B	1.25B
Book Value / Share	1.38K	1.51K	1.66K	1.9K	2.06K
Tangible Book Value	1,751B	1,895B	2,047B	2,296B	2,457B
Tangible Book Value Per Share	1.31K	1.43K	1.58K	1.81K	1.97K
Total Debt	2,524B	2,737B	2,870B	3,137B	3,337B
Net Debt	2,349B	2,499B	2,642B	2,858B	3,077B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-7B	-18.31B	-34.62B	-98.95B	-110B
Minority Interest, Total (Incl. Fin. Div)	209B	233B	222B	223B	177B
Inventories - Raw Materials, Total	1.59B	1.25B	1.43B	1.48B	1.57B
Inventories - Work In Process, Total	275B	304B	426B	458B	490B
Inventories - Finished Goods, Total	88.53B	42.29B	65.95B	54.38B	87.02B
Full Time Employees	9.98K	10.2K	10.66K	11.04K	11.41K
Accumulated Allowance for Doubtful Accounts (Supple)	553M	422M	659M	785M	982M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	201B	254B	253B	275B	317B
Depreciation & Amortization - CF	89.11B	91.58B	93.46B	98.3B	101B
Amortization of Goodwill and Intangible Assets - (CF)	3.02B	2.54B	3.17B	-1.14B	-1.06B
Depreciation & Amortization, Total	92.13B	94.12B	96.63B	97.16B	100B
(Gain) Loss From Sale Of Asset	-2.58B	16.42B	4.28B	-7.31B	7.01B
(Gain) Loss on Sale of Investments - (CF)	-3.02B	-9.83B	-704M	-30.28B	-46.84B
(Income) Loss On Equity Investments - (CF)	-307M	-332M	-260M	-308M	-375M
Other Operating Activities, Total	-57.7B	-52.41B	-62.11B	-65.25B	-95.18B
Change In Accounts Receivable	-24.2B	-37.22B	-11.48B	-202B	-23.28B
Change In Inventories	56.44B	117B	7.46B	131B	108B
Change In Accounts Payable	-12.84B	2.03B	6.92B	19.68B	1.18B
Change in Other Net Operating Assets	-41.76B	-103B	-23.73B	90.55B	-43.97B
Cash from Operations	207B	280B	270B	307B	324B
Capital Expenditure	-316B	-329B	-286B	-451B	-444B
Sale of Property, Plant, and Equipment	30.4B	14.57B	17.05B	68.04B	39.61B
Cash Acquisitions	-	-455M	-33.42B	-	-
Divestitures	-	1.88B	-	-	-
Sale (Purchase) of Intangible assets	-4.06B	-	-	-	-
Investment in Marketable and Equity Securities, Total	-2.49B	1.61B	2.76B	32.65B	56.32B
Net (Increase) Decrease in Loans Originated / Sold - Investing	3.78B	4.56B	-528M	-2.96B	-2.37B
Other Investing Activities, Total	-9.16B	-7.36B	-11.6B	-8.35B	-11.47B
Cash from Investing	-297B	-314B	-312B	-362B	-362B
Short Term Debt Issued, Total	27.4B	26.1B	16.73B	14.76B	-
Long-Term Debt Issued, Total	437B	391B	309B	444B	406B
Total Debt Issued	465B	417B	326B	458B	406B
Short Term Debt Repaid, Total	-	-50B	-	-	-41.08B
Long-Term Debt Repaid, Total	-365B	-184B	-175B	-240B	-203B
Total Debt Repaid	-365B	-234B	-175B	-240B	-244B
Repurchase of Common Stock	-23M	-29.86B	-45.82B	-54.26B	-50.02B
Common Dividends Paid	-40.12B	-46.79B	-51.58B	-50.04B	-51.58B
Common & Preferred Stock Dividends Paid	-40.12B	-46.79B	-51.58B	-50.04B	-51.58B
Other Financing Activities, Total	-8.55B	-15.2B	-23.16B	-14.04B	-47.19B
Cash from Financing	50.42B	90.97B	30.46B	100B	12.87B
Foreign Exchange Rate Adjustments	-1.24B	4.65B	5.24B	4.59B	5.61B
Miscellaneous Cash Flow Adjustments	-	1M	-2.04B	-61M	-171M
Net Change in Cash	-40.7B	61.94B	-8.47B	50.19B	-19.08B
Supplemental Items
Cash Interest Paid	21.6B	20.65B	23.8B	34.77B	47.04B
Cash Income Tax Paid (Refund)	57.4B	52.21B	64.3B	65.63B	95.52B
Levered Free Cash Flow	-203B	-202B	-144B	-439B	-343B
Unlevered Free Cash Flow	-189B	-189B	-128B	-417B	-313B
Change In Net Working Capital	102B	129B	124B	236B	163B
Net Debt Issued / Repaid	99.11B	183B	151B	219B	162B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.35	2.78	2.77	2.41	2.48
Return on Total Capital	3.13	3.65	3.63	3.16	3.26
Return On Equity %	7.35	8.51	7.9	7.05	7.71
Return on Common Equity	7.56	8.05	7.95	7.39	7.63
Margin Analysis
Gross Profit Margin %	26.31	27.77	28.82	26.07	26.46
SG&A Margin	7.72	7.09	7.26	7.55	6.17
EBITDA Margin %	26.21	27.65	28.55	24.97	25.92
EBITA Margin %	18.83	20.86	21.76	18.44	19.51
EBIT Margin %	18.58	20.67	21.53	18.52	19.57
Income From Continuing Operations Margin %	12.18	13.55	13.23	11.72	13.09
Net Income Margin %	11.23	11.5	12	11.19	11.99
Net Avail. For Common Margin %	11.23	11.5	12	11.19	11.99
Normalized Net Income Margin	10.31	10.27	11.36	9.73	9.61
Levered Free Cash Flow Margin	-16.78	-14.97	-10.44	-29.18	-21.69
Unlevered Free Cash Flow Margin	-15.66	-14.01	-9.3	-27.68	-19.81
Asset Turnover
Asset Turnover	0.2	0.21	0.21	0.21	0.2
Fixed Assets Turnover	0.29	0.32	0.31	0.33	0.33
Receivables Turnover (Average Receivables)	2.3	2.19	1.87	1.64	1.42
Inventory Turnover (Average Inventory)	2.56	2.74	2.33	2.21	2.13
Short Term Liquidity
Current Ratio	1.76	2.15	1.89	2.23	2.33
Quick Ratio	1.09	1.46	1.19	1.53	1.57
Operating Cash Flow to Current Liabilities	0.31	0.44	0.32	0.35	0.35
Days Sales Outstanding (Average Receivables)	158.42	166.67	194.77	223.33	257.17
Days Outstanding Inventory (Average Inventory)	142.36	133.35	156.47	165.72	171.6
Average Days Payable Outstanding	25.02	23.07	20.55	24.8	26.92
Cash Conversion Cycle (Average Days)	275.76	276.94	330.69	364.25	401.85
Long Term Solvency
Total Debt/Equity	122.44	122.38	120.6	119.51	121.75
Total Debt / Total Capital	55.04	55.03	54.67	54.44	54.9
LT Debt/Equity	103.79	106.64	102.46	104.05	106.75
Long-Term Debt / Total Capital	46.66	47.95	46.45	47.4	48.14
Total Liabilities / Total Assets	66.05	65.56	65.37	65.39	65.72
EBIT / Interest Expense	10.38	13.45	11.87	7.74	6.5
EBITDA / Interest Expense	14.64	17.99	15.73	10.44	8.61
(EBITDA - Capex) / Interest Expense	0.03	2.15	4.28	-2.1	-0.72
Total Debt / EBITDA	7.97	7.34	7.3	8.35	8.15
Net Debt / EBITDA	7.42	6.7	6.72	7.61	7.52
Total Debt / (EBITDA - Capex)	3.42K	61.49	26.82	-41.48	-97.65
Net Debt / (EBITDA - Capex)	3.18K	56.15	24.68	-37.8	-90.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.26	11.75	2.1	9.21	4.99
Gross Profit, 1 Yr. Growth %	-5.19	17.94	5.94	-1.2	6.55
EBITDA, 1 Yr. Growth %	-3.61	17.88	5.42	-4.46	8.95
EBITA, 1 Yr. Growth %	-6.58	23.79	6.52	-7.46	11.06
EBIT, 1 Yr. Growth %	-6.8	24.32	6.35	-6.09	10.98
Earnings From Cont. Operations, 1 Yr. Growth %	-11.09	24.36	-0.34	-3.22	17.27
Net Income, 1 Yr. Growth %	-8.62	14.39	6.56	1.87	12.42
Normalized Net Income, 1 Yr. Growth %	-0.48	11.36	12.95	-6.49	3.73
Diluted EPS Before Extra, 1 Yr. Growth %	-6.72	14.91	7.81	5.12	14.46
Accounts Receivable, 1 Yr. Growth %	9.41	25.03	14.75	33.7	11.9
Inventory, 1 Yr. Growth %	10.79	-4.78	42.07	4.11	12.61
Net Property, Plant and Equip., 1 Yr. Growth %	1.77	3.97	1.62	4.1	5.6
Total Assets, 1 Yr. Growth %	3.66	6.94	5.82	10.36	5.44
Tangible Book Value, 1 Yr. Growth %	6.9	8.24	7.98	12.21	7.01
Common Equity, 1 Yr. Growth %	6.77	8.17	7.7	11.28	6.77
Cash From Operations, 1 Yr. Growth %	-39.31	35.04	-3.63	13.83	5.49
Capital Expenditures, 1 Yr. Growth %	-4.8	4.06	-12.87	57.67	-1.73
Levered Free Cash Flow, 1 Yr. Growth %	62.45	-0.29	-28.82	205.27	-21.96
Unlevered Free Cash Flow, 1 Yr. Growth %	70.5	-0.02	-32.2	224.93	-24.88
Dividend Per Share, 1 Yr. Growth %	-6.06	16.13	5.56	5.26	7.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.23	1.8	6.82	5.59	7.08
Gross Profit, 2 Yr. CAGR %	-0.71	5.74	11.78	2.31	2.6
EBITDA, 2 Yr. CAGR %	0.59	6.59	11.47	0.36	2.03
EBITA, 2 Yr. CAGR %	-1.09	7.54	14.83	-0.72	1.37
EBIT, 2 Yr. CAGR %	-1.05	7.64	14.99	-0.06	2.09
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.63	5.15	11.33	-1.79	6.53
Net Income, 2 Yr. CAGR %	0.39	2.24	10.4	4.19	7.02
Normalized Net Income, 2 Yr. CAGR %	3.88	5.27	12.15	2.77	-1.52
Diluted EPS Before Extra, 2 Yr. CAGR %	2.23	3.53	11.3	6.46	9.69
Accounts Receivable, 2 Yr. CAGR %	10.35	16.96	19.78	23.86	22.32
Inventory, 2 Yr. CAGR %	0.47	2.71	16.31	21.62	8.28
Net Property, Plant and Equip., 2 Yr. CAGR %	1.12	2.87	2.79	2.85	4.84
Total Assets, 2 Yr. CAGR %	2.55	5.29	6.38	8.07	7.87
Tangible Book Value, 2 Yr. CAGR %	2.22	7.57	8.11	10.07	9.58
Common Equity, 2 Yr. CAGR %	2.27	7.47	7.94	9.48	9
Cash From Operations, 2 Yr. CAGR %	-22.57	-9.47	14.08	4.74	9.58
Capital Expenditures, 2 Yr. CAGR %	5.58	-0.47	-4.78	17.21	24.48
Levered Free Cash Flow, 2 Yr. CAGR %	188.69	27.27	-15.76	47.41	54.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	343.28	30.56	-17.67	48.42	56.24
Dividend Per Share, 2 Yr. CAGR %	1.65	4.45	10.72	5.41	6.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.38	2.22	1.9	7.61	5.39
Gross Profit, 3 Yr. CAGR %	1.51	5.15	5.81	7.27	3.7
EBITDA, 3 Yr. CAGR %	2.24	6.05	6.2	5.89	3.15
EBITA, 3 Yr. CAGR %	1.33	6.59	7.2	6.86	3.06
EBIT, 3 Yr. CAGR %	1.74	6.77	7.21	7.48	3.49
Earnings From Cont. Operations, 3 Yr. CAGR %	2.21	6.37	3.29	6.25	4.19
Net Income, 3 Yr. CAGR %	4.04	4.85	3.66	7.48	6.86
Normalized Net Income, 3 Yr. CAGR %	5.72	6.31	7.77	5.56	3.09
Diluted EPS Before Extra, 3 Yr. CAGR %	5.31	6.29	4.94	9.2	9.06
Accounts Receivable, 3 Yr. CAGR %	10.1	15.04	16.22	24.25	19.74
Inventory, 3 Yr. CAGR %	-5.67	-1.31	14.44	12.09	18.54
Net Property, Plant and Equip., 3 Yr. CAGR %	1.63	2.06	2.45	3.22	3.76
Total Assets, 3 Yr. CAGR %	1.52	3.99	5.46	7.69	7.18
Tangible Book Value, 3 Yr. CAGR %	2.96	4.19	7.71	9.46	9.04
Common Equity, 3 Yr. CAGR %	2.92	4.2	7.54	9.04	8.57
Cash From Operations, 3 Yr. CAGR %	-10.91	-6.8	-7.57	13.99	4.99
Capital Expenditures, 3 Yr. CAGR %	3.3	5.07	-4.79	12.65	10.52
Levered Free Cash Flow, 3 Yr. CAGR %	5.97	102.55	4.86	29.4	19.25
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.66	169.83	4.94	30.11	18.28
Dividend Per Share, 3 Yr. CAGR %	6.04	6.27	4.81	8.87	6.1
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.65	3.7	2.9	3.56	3.94
Gross Profit, 5 Yr. CAGR %	4.7	6.18	5.5	4.01	4.51
EBITDA, 5 Yr. CAGR %	5.12	6.37	5.84	3.74	4.51
EBITA, 5 Yr. CAGR %	5.7	7.3	6.53	3.6	4.83
EBIT, 5 Yr. CAGR %	6.19	7.7	6.85	3.98	5.13
Earnings From Cont. Operations, 5 Yr. CAGR %	8.4	9.38	5.76	3.02	4.57
Net Income, 5 Yr. CAGR %	10.21	8.61	6.54	4.59	4.99
Normalized Net Income, 5 Yr. CAGR %	9.39	7.89	8.24	4.88	3.96
Diluted EPS Before Extra, 5 Yr. CAGR %	11.01	9.5	7.67	6.36	6.81
Accounts Receivable, 5 Yr. CAGR %	11.94	15.28	13.87	18.49	18.62
Inventory, 5 Yr. CAGR %	-3.64	-3.18	2.57	7.29	11.93
Net Property, Plant and Equip., 5 Yr. CAGR %	3.31	2.42	2.09	2.37	3.4
Total Assets, 5 Yr. CAGR %	2.71	3.44	3.44	5.6	6.42
Tangible Book Value, 5 Yr. CAGR %	4.54	4.88	4.99	6.5	8.45
Common Equity, 5 Yr. CAGR %	4.17	4.69	4.9	6.28	8.12
Cash From Operations, 5 Yr. CAGR %	8.84	10.69	-1.65	-2.34	-1.05
Capital Expenditures, 5 Yr. CAGR %	2.93	3.65	-0.01	9.76	5.98
Levered Free Cash Flow, 5 Yr. CAGR %	8.61	5.91	-3.32	78.37	22.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.26	6.59	-3.83	112.45	23.05
Dividend Per Share, 5 Yr. CAGR %	14.14	12.47	7.89	5.92	5.44