Daiwa Office Investment Corporation

TSE:8976 Stock Report

Market Cap: JP¥273.0b

Daiwa Office Investment Past Earnings Performance

Past criteria checks 2/6

Daiwa Office Investment has been growing earnings at an average annual rate of 0.6%, while the Office REITs industry saw earnings growing at 3.8% annually. Revenues have been growing at an average rate of 0.2% per year. Daiwa Office Investment's return on equity is 5%, and it has net margins of 45.6%.

Key information

0.6%

Earnings growth rate

1.3%

EPS growth rate

Office REITs Industry Growth4.8%
Revenue growth rate0.2%
Return on equity5.0%
Net Margin45.6%
Last Earnings Update31 May 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Daiwa Office Investment makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:8976 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 May 2427,21712,4061950
29 Feb 2427,95712,8491960
30 Nov 2328,69713,2921960
31 Aug 2328,81913,4521990
31 May 2328,94213,6122020
28 Feb 2328,65413,8092020
30 Nov 2228,36614,0052020
31 Aug 2228,36214,1492000
31 May 2228,35614,2922010
28 Feb 2228,64714,3211970
30 Nov 2128,93714,3491980
31 Aug 2129,42114,5122020
31 May 2129,90514,6742050
28 Feb 2129,51414,2432060
30 Nov 2029,12313,8122060
31 Aug 2028,74513,4812030
31 May 2028,36713,1502040
29 Feb 2028,14812,9662000
30 Nov 1927,92812,7832010
31 Aug 1927,47712,5022030
31 May 1927,02712,2212100
28 Feb 1926,83112,0052070
30 Nov 1826,63411,7892080
31 Aug 1826,40511,5662060
31 May 1826,17511,3422080
28 Feb 1825,72911,0782030
30 Nov 1725,28210,8142070
31 Aug 1725,34110,7492060
31 May 1725,40010,6842090
28 Feb 1725,30810,6292080
30 Nov 1625,21710,5752070
31 Aug 1624,70910,2572030
31 May 1624,2019,9391990
30 Nov 1523,6749,3761980
31 May 1520,1517,6731940
30 Nov 1419,5267,2821900
31 May 1417,1746,0321700

Quality Earnings: 8976 has high quality earnings.

Growing Profit Margin: 8976's current net profit margins (45.6%) are lower than last year (47%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 8976's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: 8976's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8976 had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Office REITs industry average (-1.5%).

Return on Equity

High ROE: 8976's Return on Equity (5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 12:23
End of Day Share Price 2024/12/19 00:00
Earnings2024/05/31
Annual Earnings2024/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Daiwa Office Investment Corporation is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Junichi TazawaBarclays
Yoshizumi KimuraCitigroup Global Markets Japan Inc.
Yoshizumi KimuraCitigroup Inc