TSE:8801Real Estate
Mitsui Fudosan (TSE:8801) Stock Faces Profit Squeeze And Debt Questions
Mitsui Fudosan stock came into the earnings print tired, with the share price down over the past week and quarter, yet the latest quarter did not read like a company losing its footing. The market marked the stock at ¥1,525 at the close on 7 August, while the new Q1 numbers showed earnings per share of about ¥28 and net income of roughly ¥75.8b off revenue of ¥616.9b.
The real story is pressure on profitability. Trailing earnings and net margin are lower than last year, and debt coverage...