Starts Proceed Investment (TSE:8979) - Stock Price, News & Analysis

8979 Stock Overview

8979 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	1/6
Dividends	5/6

Rewards

Price-To-Earnings ratio (22.4x) is below the Residential REITs industry average (29.4x)

Earnings have grown 1.7% per year over the past 5 years

Risk Analysis

Earnings are forecast to decline by an average of 1.2% per year for the next 3 years

Debt is not well covered by operating cash flow

Unstable dividend track record

Starts Proceed Investment Corporation Competitors

Samty Residential Investment

TSE:3459

JP¥90.6b

Comforia Residential REIT

TSE:3282

JP¥251.2b

Kenedix Residential Next Investment

TSE:3278

JP¥225.3b

Daiwa Securities Living Investment

TSE:8986

JP¥254.6b

Price History & Performance

Summary of all time highs, changes and price drops for Starts Proceed Investment
Historical stock prices
Current Share Price	JP¥209,200.00
52 Week High	JP¥238,400.00
52 Week Low	JP¥187,800.00
Beta	0.17
1 Month Change	0.34%
3 Month Change	3.51%
1 Year Change	-8.29%
3 Year Change	-6.65%
5 Year Change	20.65%
Change since IPO	65.64%

Recent updates

Shareholder Returns

	8979	JP Residential REITs	JP Market
7D	-0.9%	0.8%	-1.0%
1Y	-8.3%	-3.4%	27.9%

Return vs Industry: 8979 underperformed the JP Residential REITs industry which returned -3.4% over the past year.

Return vs Market: 8979 underperformed the JP Market which returned 27.9% over the past year.

Price Volatility

Is 8979's price volatile compared to industry and market?
8979 volatility
8979 Average Weekly Movement	2.4%
Residential REITs Industry Average Movement	2.5%
Market Average Movement	4.1%
10% most volatile stocks in JP Market	8.1%
10% least volatile stocks in JP Market	2.2%

Stable Share Price: 8979 has not had significant price volatility in the past 3 months.

Volatility Over Time: 8979's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	n/a	n/a	www.sp-inv.co.jp/

Starts Proceed Investment Corporation listed on the Jasdaq Securities Exchange (currently JASDAQ market in Osaka Securities Exchange) in November 2005 as a real estate investment trust (J-REIT) specializing in rental housing. Later in July 2010, Starts Proceed transferred its listing to the Tokyo Stock Exchange (securities code: 8979).

Starts Proceed Investment Corporation Fundamentals Summary

How do Starts Proceed Investment's earnings and revenue compare to its market cap?
8979 fundamental statistics
Market cap	JP¥59.09b
Earnings (TTM)	JP¥2.63b
Revenue (TTM)	JP¥7.09b

22.4x

P/E Ratio

8.3x

P/S Ratio

Is 8979 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8979 income statement (TTM)
Revenue	JP¥7.09b
Cost of Revenue	JP¥3.74b
Gross Profit	JP¥3.35b
Other Expenses	JP¥716.99m
Earnings	JP¥2.63b

Last Reported Earnings

Oct 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	9.32k
Gross Margin	47.28%
Net Profit Margin	37.16%
Debt/Equity Ratio	108.2%

How did 8979 perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

62%

Payout Ratio

Does 8979 pay a reliable dividends?

See 8979 dividend history and benchmarks

When do you need to buy 8979 by to receive an upcoming dividend?
Starts Proceed Investment dividend dates
Ex Dividend Date	Apr 26 2024
Dividend Pay Date	Jul 16 2024
Days until Ex dividend	1 day
Days until Dividend pay date	82 days

Does 8979 pay a reliable dividends?

See 8979 dividend history and benchmarks

8979 Stock Overview

Rewards

Risk Analysis

Starts Proceed Investment Corporation Competitors

TSE:3459

JP¥90.6b

TSE:3282

JP¥251.2b

TSE:3278

JP¥225.3b

TSE:8986

JP¥254.6b

Price History & Performance

Recent News & Updates

Upcoming dividend of JP¥5,120 per share

First half dividend of JP¥4,650 announced

Full year 2023 earnings released: EPS: JP¥9,321 (vs JP¥9,845 in FY 2022)

Now 20% overvalued

Price target decreased by 14% to JP¥215,000

Recent updates

Upcoming dividend of JP¥5,120 per share

First half dividend of JP¥4,650 announced

Full year 2023 earnings released: EPS: JP¥9,321 (vs JP¥9,845 in FY 2022)

Now 20% overvalued

Price target decreased by 14% to JP¥215,000

First half 2024 earnings released: EPS: JP¥4,312 (vs JP¥5,127 in 1H 2023)

Starts Proceed Investment Corporation Provides Earnings Forecasts for the 37Th Fiscal Period from November 1, 2023, to April 30, 2024 and 38Th Fiscal Period from May 1, 2024, to October 31, 2024

Upcoming dividend of JP¥4,580 per share at 5.6% yield

Full year 2023 earnings released: EPS: JP¥10,130 (vs JP¥9,280 in FY 2022)

Starts Proceed Investment Corporation Provides Earnings Forecasts for the 36Th Fiscal Period from May 1, 2023 to October 31, 2023 and 37Th Fiscal Period from November 1, 2023, to April 30, 2023

Full year 2023 earnings released

Upcoming dividend of JP¥5,580 per share at 5.1% yield

Starts Proceed Investment Corporation Announces Dividend for the 34Th Fiscal Period from May 1, 2022, to October 31, 2022, Payable January 23, 2023 and Provides Dividend Forecasts for the 35Th Fiscal Period from November 1, 2022, to April 30, 2023

First half 2023 earnings released: EPS: JP¥5,127 (vs JP¥4,563 in 1H 2022)

No independent directors

Upcoming dividend of JP¥5,950 per share

Starts Proceed Investment Corporation Revises Earnings Guidance for the Fiscal Period Ending October 2022 and April 2023

Full year 2022 earnings released: EPS: JP¥9,280 (vs JP¥10,149 in FY 2021)

Starts Proceed Investment Corporation (TSE:8979) acquired Proceed Kinshicho 2 for ¥537 million.

Full year 2022 earnings released: EPS: JP¥9,281 (vs JP¥10,149 in FY 2021)

Starts Proceed Investment Corporation Provides Dividend Forecasts for the 34Th Fiscal Period Is the Period from May 1, 2022, to October 31, 2022 and 35Th Fiscal Period Is the Period from November 1, 2022, to April 30, 2023

No independent directors

Upcoming dividend of JP¥4,520 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of JP¥4,500 per share

Price target increased to JP¥255,000

Starts Proceed Investment Corporation Provides Earnings Guidance for the Fiscal Period from May 1, 2021, to October 31, 2021 and for the Fiscal Period from November 1, 2021, to April 30, 2022

Upcoming dividend of JP¥4,530 per share

New 90-day high: JP¥221,400

New 90-day high: JP¥202,100

Starts Proceed Investment Corporation, Annual General Meeting, Jan 20, 2021

First half 2021 earnings released: EPS JP¥5,487

New 90-day low: JP¥191,100

Starts Proceed Investment Corporation to Report Fiscal Year 2020 Final Results on Dec 15, 2020

Starts Proceed Investment Corporation (TSE:8979) completed the acquisition of Trust beneficiary rights in G35 Proceed Kanayama 3.