Daiwa Securities Living Investment Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Yutaka Higashino

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	7.8yrs
CEO ownership	n/a
Management average tenure	1.1yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO

Yutaka Higashino (71 yo)

7.8yrs

Tenure

Mr. Yutaka Higashino serves as the Chief Executive Officer and President at Mi-Casa Asset Management Inc., the Asset Manager for Daiwa Securities Living Investment Corporation (formerly known as Japan Rent...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yutaka Higashino	CEO & President of Mi-Casa Asset Management Inc	7.8yrs	no data	no data
Seiji Kimoto	CFO, Executive Officer & GM of Business Mgmt Dept for Mi-Casa Asset Management Inc	6.6yrs	no data	no data
Taisuke Mazaki	Compliance Officer	1.1yrs	no data	no data
Koji Watanabe	Managing Director of Mi-Casa Asset Management Inc.	6.6yrs	no data	no data
Yukiko Takeuchi	VP, Head of Pvt Fund Mgmt Div & Sustainability Promotion Office & DGM of Corp Div	1.1yrs	no data	no data
Kazuya Iwashita	Head of Private Fund Management Department	1.1yrs	no data	no data
Tetsuo Akuzawa	Executive Director	less than a year	no data	no data

1.1yrs

Average Tenure

62yo

Average Age

Experienced Management: 8986's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Yutaka Higashino	CEO & President of Mi-Casa Asset Management Inc	8.5yrs	no data	no data
Tetsuo Akuzawa	Executive Director	less than a year	no data	no data
Yoshiki Nishigaki	Substitute Executive Director	2.9yrs	no data	no data
Chizuko Nakata	Supervisory Director	4.6yrs	no data	no data
Masaki Yamane	Substitute Executive Director	6.5yrs	no data	no data
Akimitsu Takai	Supervisory Director	2.9yrs	no data	no data

3.8yrs

Average Tenure

65yo

Average Age

Experienced Board: 8986's board of directors are considered experienced (3.8 years average tenure).

Daiwa Securities Living Investment Management

Management criteria checks 1/4

Key information

Recent management updates

Daiwa Securities Living Investment Corporation, Annual General Meeting, Dec 26, 2023

Daiwa Securities Living Investment Corporation, Annual General Meeting, Dec 26, 2023

No independent directors

No independent directors

No independent directors

Recent updates

New major risk - Revenue and earnings growth

Full year 2024 earnings released: EPS: JP¥5,003 (vs JP¥4,579 in FY 2023)

Upcoming dividend of JP¥2,400 per share

Daiwa Securities Living Investment Corporation to Report Q2, 2025 Results on Nov 20, 2024

Now 78% undervalued after recent price drop

Now 21% overvalued

New major risk - Revenue and earnings growth

First half 2024 earnings released: EPS: JP¥2,425 (vs JP¥2,137 in 1H 2023)

Upcoming dividend of JP¥2,300 per share

Daiwa Securities Living Investment Corporation to Report Fiscal Year 2024 Results on May 22, 2024

Final dividend of JP¥2,300 announced

New major risk - Revenue and earnings growth

Full year 2023 earnings released

Daiwa Securities Living Investment Corporation, Annual General Meeting, Dec 26, 2023

Daiwa Securities Living Investment Corporation, Annual General Meeting, Dec 26, 2023

Daiwa Securities Living Investment Corporation has completed a Follow-on Equity Offering in the amount of ¥14.12648 billion.

New minor risk - Shareholder dilution

Upcoming dividend of JP¥2,230 per share at 3.8% yield

Daiwa Securities Living Investment Corporation Announces Executive Changes

New minor risk - Dividend sustainability

New minor risk - Financial data availability

Daiwa Securities Living Investment Corporation (TSE:8986) entered into real estate purchase agreements to acquire Partir Watanabedori from UNITED REALTY inc for approximately JPY 670 million.

Daiwa Securities Living Investment Corporation Provides Dividend Guidance for the Period from October 1, 2023 and March 31, 2024

No independent directors

Full year 2022 earnings released: EPS: JP¥4,207 (vs JP¥4,197 in FY 2021)

Daiwa Securities Living Investment Corporation Provides Earnings Guidance for the Six Months Ending March 31, 2023 and for the Six Months Ending September 30, 2023

No independent directors

Upcoming dividend of JP¥2,180 per share

Daiwa Securities Living Investment Corporation to Report First Half, 2023 Results on Nov 21, 2022

Daiwa Securities Living Investment Corporation Revises Earnings Guidance for the Fiscal Period Ending March 31, 2023

No independent directors

Upcoming dividend of JP¥2,180 per share

Price target increased to JP¥135,333

Full year 2021 earnings released: EPS JP¥4,197 (vs JP¥5,082 in FY 2020)

Upcoming dividend of JP¥2,160 per share

Daiwa Securities Living Investment Corporation Revises Earnings Guidance for the Six Months Ending March 31, 2022

Daiwa Securities Living Investment Corporation (TSE:8986) concluded an agreement to acquire Kuramae Project for ¥1.6 billion.

First half 2021 earnings released: EPS JP¥2,118 (vs JP¥1,987 in 1H 2020)

Daiwa Securities Living Investment Corporation (TSE:8986) agreed to acquire Gran Casa Itabashi East for approximately ¥ 960 million.

Price target increased to JP¥136,000

Price target increased to JP¥126,000

First half 2021 earnings released: EPS JP¥2,118 (vs JP¥1,987 in 1H 2020)

Daiwa Securities Living Investment Corporation Provides Earnings Guidance from April 1, 2021, to September 30, 2021 and October 1, 2021, to March 31, 2022

Upcoming dividend of JP¥2,160 per share

Daiwa Securities Living Investment Corporation to Report Fiscal Year 2021 Results on May 20, 2021

New 90-day high: JP¥104,200

Daiwa Securities Living Investment Corporation (TSE:8986) agreed to acquire Hulic Residence for ¥2.6 billion.

Full year 2020 earnings released: EPS JP¥5,082

Daiwa Securities Living Investment Corporation Announces Revised Earnings Guidance for the Period Ending March 2021

Daiwa Securities Living Investment Corporation (TSE:8986) entered into a purchase agreement to acquire Reone Nihonbashi Hamacho from J-REX Corporation Co., Ltd. for ¥930 million.

Daiwa Securities Living Investment Corporation to Report Fiscal Year 2020 Results on Nov 19, 2020

An undisclosed buyers completed the acquisition of 10 properties from Japan Rental Housing Investments Inc. (TSE:8986).

Japan Rental Housing Investments Inc. (TSE:8986) completed the acquisition of Gran Casa Urayasu

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age