How does 8987's PE Ratio compare to its peers?

8987 is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (19x).

How does 8987's PE Ratio compare vs other companies in the Asian Office REITs Industry?

8987 is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the Asian Office REITs industry average (16.8x).

What is 8987's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 8987's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 8987 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8987 (¥118600) is trading above our estimate of [[fair value]] (¥43822.53)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Japan Excellent (TSE:8987) - Stock Price, News & Analysis

8987 Stock Overview

8987 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	5/6
Financial Health	1/6
Dividends	5/6

Rewards

Earnings grew by 11.7% over the past year

Analysts in good agreement that stock price will rise by 20.2%

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 4.72% is not well covered by free cash flows

Japan Excellent, Inc. Competitors

Ichigo Office REIT Investment

TSE:8975

JP¥123.5b

Mori Hills REIT Investment

TSE:3234

JP¥240.5b

Global One Real Estate Investment

TSE:8958

JP¥100.7b

Daiwa Office Investment

TSE:8976

JP¥289.7b

Price History & Performance

Summary of all time highs, changes and price drops for Japan Excellent
Historical stock prices
Current Share Price	JP¥118,600.00
52 Week High	JP¥141,100.00
52 Week Low	JP¥113,100.00
Beta	0.51
11 Month Change	0.084%
3 Month Change	-3.42%
1 Year Change	-9.19%
33 Year Change	-13.37%
5 Year Change	-35.08%
Change since IPO	6.65%

Recent updates

Shareholder Returns

	8987	JP Office REITs	JP Market
7D	0.3%	-1.7%	-1.1%
1Y	-9.2%	-4.3%	11.5%

Return vs Industry: 8987 underperformed the JP Office REITs industry which returned -4.3% over the past year.

Return vs Market: 8987 underperformed the JP Market which returned 11.5% over the past year.

Price Volatility

Is 8987's price volatile compared to industry and market?
8987 volatility
8987 Average Weekly Movement	2.7%
Office REITs Industry Average Movement	2.0%
Market Average Movement	3.9%
10% most volatile stocks in JP Market	7.6%
10% least volatile stocks in JP Market	2.1%

Stable Share Price: 8987 has not had significant price volatility in the past 3 months compared to the JP market.

Volatility Over Time: 8987's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	n/a	www.excellent-reit.co.jp/

Japan Excellent, Inc. (hereinafter, "JEI"), established on February 20, 2006 under the Law Concerning Investment Trusts and Investment Corporations of Japan (the "Investment Trust Law"), is a real estate investment corporation which primarily invests in office buildings. JEI is externally managed by a licensed asset management company, Japan Excellent Asset Management ("JEAM"). JEAM was originally owned 45% by NIPPON STEEL KOWA REAL ESTATE CO., LTD., 20% by The Dai-ichi Life Insurance Company, Limited, 15% by Sekisui House, Co., LTD., and 20% by other corporations.

Japan Excellent, Inc. Fundamentals Summary

How do Japan Excellent's earnings and revenue compare to its market cap?
8987 fundamental statistics
Market cap	JP¥158.64b
Earnings (TTM)	JP¥8.25b
Revenue (TTM)	JP¥22.26b

19.2x

P/E Ratio

7.1x

P/S Ratio

Is 8987 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8987 income statement (TTM)
Revenue	JP¥22.26b
Cost of Revenue	JP¥12.49b
Gross Profit	JP¥9.77b
Other Expenses	JP¥1.52b
Earnings	JP¥8.25b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	6.17k
Gross Margin	43.90%
Net Profit Margin	37.06%
Debt/Equity Ratio	92.9%

How did 8987 perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

59%

Payout Ratio

Does 8987 pay a reliable dividends?

See 8987 dividend history and benchmarks

When do you need to buy 8987 by to receive an upcoming dividend?
Japan Excellent dividend dates
Ex Dividend Date	Dec 27 2024
Dividend Pay Date	Mar 17 2025
Days until Ex dividend	38 days
Days until Dividend pay date	118 days

Does 8987 pay a reliable dividends?

See 8987 dividend history and benchmarks

8987 Stock Overview

Rewards

Risk Analysis

Japan Excellent, Inc. Competitors

TSE:8975

JP¥123.5b

TSE:3234

JP¥240.5b

TSE:8958

JP¥100.7b

TSE:8976

JP¥289.7b

Price History & Performance

Recent News & Updates

Final dividend of JP¥2,770 announced

Full year 2024 earnings released: EPS: JP¥6,187 (vs JP¥5,520 in FY 2023)

First half 2024 earnings released: EPS: JP¥3,159 (vs JP¥2,902 in 1H 2023)

Japan Excellent, Inc. Announces Dividend Distribution for the 36Th Period Ended June 30, 2024

Japan Excellent, Inc. to Report Fiscal Year 2024 Results on Aug 19, 2024

Upcoming dividend of JP¥2,760 per share

Recent updates

Final dividend of JP¥2,770 announced

Full year 2024 earnings released: EPS: JP¥6,187 (vs JP¥5,520 in FY 2023)

First half 2024 earnings released: EPS: JP¥3,159 (vs JP¥2,902 in 1H 2023)

Japan Excellent, Inc. Announces Dividend Distribution for the 36Th Period Ended June 30, 2024

Japan Excellent, Inc. to Report Fiscal Year 2024 Results on Aug 19, 2024

Upcoming dividend of JP¥2,760 per share

An undisclosed buyer agreed to acquire JEI Hongo Building from Japan Excellent, Inc. (TSE:8987) for ¥6.2 billion.

Japan Excellent, Inc. (TSE:8987) announces an Equity Buyback for 18,000 shares, representing 1.35% for ¥2,000 million.

Japan Excellent, Inc. Revises Dividend Guidance for the 36Th Fiscal Period Ending June 30, 2024

Japan Excellent, Inc. Revises Dividend Guidance for the 36Th Fiscal Period Ending June 30, 2024

Upcoming dividend of JP¥2,800 per share at 4.5% yield

Japan Excellent, Inc. (TSE:8987) agreed to acquire 2.3% stake in Co-ownership Interests in GRAND FRONT OSAKA Umekita Plaza, South Building and North Building from Nippon Steel Kowa Real Estate Co., Ltd. for ¥8.3 billion.

Price target increased by 10% to JP¥136,333

New minor risk - Earnings quality

First half 2023 earnings released: EPS: JP¥2,901 (vs JP¥3,052 in 1H 2022)

Japan Excellent, Inc. (TSE:8987) agreed to acquire Real Estate Trust Beneficiary Rights of OSAKI BRIGHT TOWER and OSAKI BRIGHT PLAZA from Nippon Steel Kowa Real Estate Co., Ltd. for ¥13.1 billion.

Japan Excellent, Inc. Revises Earnings Guidance for the Fiscal Period Ending June 30, 2023

Japan Excellent, Inc. to Report Fiscal Year 2023 Results on Aug 17, 2023

Upcoming dividend of JP¥2,800 per share at 4.6% yield

Japan Excellent, Inc. Announces Resignation of Shunichi Maekawa as Supervisory Director of the Fund

Price target decreased by 12% to JP¥119,500

Price target decreased by 12% to JP¥119,667

No independent directors

Full year 2022 earnings released

Japan Excellent, Inc. Provides Dividend Forecast for the 34th Period Ending December 31, 2023 and for the 35th Period Ending June 30, 2023

An unknown buyer agreed to acquire Pacific Square Sengoku from Japan Excellent, Inc. (TSE:8987) for ¥2.3 billion.

Japan Excellent, Inc. (TSE:8987) agreed to acquire Shinyokohama Arena dori Building for ¥2.07 billion.

Japan Excellent, Inc. to Report Q2, 2023 Results on Feb 16, 2023

Upcoming dividend of JP¥2,800 per share

No independent directors

Japan Excellent, Inc. Provides Dividend Forecast for the 33Rd Period Ending December 31, 2022 and for the 34Th Period Ending June 30, 2023

Japan Excellent, Inc. to Report Fiscal Year 2022 Results on Aug 18, 2022

Upcoming dividend of JP¥2,800 per share

No independent directors

Japan Excellent, Inc. (TSE:8987) agreed to acquire Anonymous Association Akasaka 2-chome Godo Kaisha from Nippon Steel Kowa Real Estate Co., Ltd. for ¥5.2 billion.

Hulic Co., Ltd. (TSE:3003) executed a Purchase Agreement to acquire Trust Beneficiary Rights in Shintomicho Building from Japan Excellent, Inc. (TSE:8987) for ¥3.1 billion.

Upcoming dividend of JP¥2,800 per share

Price target decreased to JP¥145,200

First half 2021 earnings released: EPS JP¥2,938 (vs JP¥4,179 in 1H 2020)

Nippon Steel Kowa Real Estate Co., Ltd. agreed to acquire Kowa Shirokanedai Building from Japan Excellent, Inc. (TSE:8987) for ¥5.4 billion.

Upcoming dividend of JP¥2,800 per share

Japan Excellent, Inc. Revises Earnings Forecast for the Period from July 1, 2021 to December 31, 2021

Japan Excellent, Inc. (TSE:8987) agreed to acquire BIZCOREJIMBOCHO from Nippon Steel Kowa Real Estate Co., Ltd. for ¥10.2 billion.

New 90-day high: JP¥128,000

New 90-day high: JP¥127,900

Japan Excellent, Inc. to Report Q2, 2021 Results on Feb 17, 2021

Upcoming Dividend of JP¥3,000 Per Share

Japan Excellent, Inc. (TSE:8987) completed the acquisition of trust beneficiary rights in Bizcore Akasaka Mitsuke from Nippon Steel Kowa Real Estate Co., Ltd.

Shareholder Returns

Price Volatility

About the Company

Japan Excellent, Inc. Fundamentals Summary

19.2x

7.1x

Earnings & Revenue

Dividends

4.7%

59%