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Mitsubishi Estate

OTCPK:MITE.Y
Snowflake Description

Acceptable track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MITE.Y
OTCPK
¥2,870B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The last earnings update was 6 days ago. More info.


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MITE.Y Share Price and Events
7 Day Returns
13.2%
OTCPK:MITE.Y
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
2.6%
OTCPK:MITE.Y
-15.7%
US Real Estate
3%
US Market
MITE.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitsubishi Estate (MITE.Y) 13.2% 14% 9.6% 2.6% -2.5% -23.5%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • MITE.Y outperformed the Real Estate industry which returned -15.7% over the past year.
Price Volatility
MITE.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Mitsubishi Estate's competitors could be found in our database.

Value

 Is Mitsubishi Estate undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mitsubishi Estate. This is due to cash flow or dividend data being unavailable. The share price is $18.751.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mitsubishi Estate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitsubishi Estate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MITE.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥96.97
TSE:8802 Share Price ** TSE (2019-05-17) in JPY ¥2067.5
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mitsubishi Estate.

OTCPK:MITE.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8802 Share Price ÷ EPS (both in JPY)

= 2067.5 ÷ 96.97

21.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Estate is overvalued based on earnings compared to the US Real Estate industry average.
  • Mitsubishi Estate is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mitsubishi Estate's expected growth come at a high price?
Raw Data
OTCPK:MITE.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
2.2%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:MITE.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.32x ÷ 2.2%

9.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Estate is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mitsubishi Estate's assets?
Raw Data
OTCPK:MITE.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,275.77
TSE:8802 Share Price * TSE (2019-05-17) in JPY ¥2067.5
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:MITE.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8802 Share Price ÷ Book Value per Share (both in JPY)

= 2067.5 ÷ 1,275.77

1.62x

* Primary Listing of Mitsubishi Estate.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitsubishi Estate is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Mitsubishi Estate's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Mitsubishi Estate has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mitsubishi Estate expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitsubishi Estate expected to grow at an attractive rate?
  • Mitsubishi Estate's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Mitsubishi Estate's earnings growth is positive but not above the United States of America market average.
  • Mitsubishi Estate's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MITE.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MITE.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 2.2%
OTCPK:MITE.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 1.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MITE.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MITE.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 1,291,650 267,500 149,250 2
2022-03-31 1,372,415 251,050 142,778 6
2021-03-31 1,324,163 233,069 136,996 13
2020-03-31 1,310,007 183,207 131,760 12
OTCPK:MITE.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,263,283 345,954 134,608
2018-12-31 1,277,950 392,569 132,216
2018-09-30 1,285,500 377,006 140,526
2018-06-30 1,232,492 299,892 127,807
2018-03-31 1,194,049 293,338 120,443
2017-12-31 1,091,750 166,377 98,250
2017-09-30 1,099,490 205,056 86,896
2017-06-30 1,117,475 249,853 93,214
2017-03-31 1,125,405 168,527 102,681
2016-12-31 1,121,554 166,555 94,376
2016-09-30 1,036,165 77,760 84,668
2016-06-30 1,027,708 89,300 87,530

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitsubishi Estate's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
  • Mitsubishi Estate's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MITE.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Mitsubishi Estate Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MITE.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 113.80 113.80 113.80 1.00
2022-03-31 106.10 109.90 101.30 5.00
2021-03-31 100.41 107.35 88.72 14.00
2020-03-31 95.75 102.82 87.55 15.00
OTCPK:MITE.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 96.97
2018-12-31 95.25
2018-09-30 101.24
2018-06-30 92.08
2018-03-31 86.78
2017-12-31 70.79
2017-09-30 62.62
2017-06-30 67.17
2017-03-31 74.00
2016-12-31 68.02
2016-09-30 61.02
2016-06-30 63.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mitsubishi Estate is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mitsubishi Estate's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mitsubishi Estate has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mitsubishi Estate performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mitsubishi Estate's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mitsubishi Estate's year on year earnings growth rate has been positive over the past 5 years.
  • Mitsubishi Estate's 1-year earnings growth is less than its 5-year average (11.8% vs 14.2%)
  • Mitsubishi Estate's earnings growth has exceeded the US Real Estate industry average in the past year (11.8% vs -15.8%).
Earnings and Revenue History
Mitsubishi Estate's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mitsubishi Estate Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MITE.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,263,283.00 134,608.00 93,128.00
2018-12-31 1,277,950.00 132,216.00 92,657.00
2018-09-30 1,285,500.00 140,526.00 92,771.00
2018-06-30 1,232,492.00 127,807.00 91,223.00
2018-03-31 1,194,049.00 120,443.00 90,765.00
2017-12-31 1,091,750.00 98,250.00 87,125.00
2017-09-30 1,099,490.00 86,896.00 85,013.00
2017-06-30 1,117,475.00 93,214.00 85,327.00
2017-03-31 1,125,405.00 102,681.00 85,184.00
2016-12-31 1,121,554.00 94,376.00 86,650.00
2016-09-30 1,036,165.00 84,668.00 86,889.00
2016-06-30 1,027,708.00 87,530.00 87,082.00
2016-03-31 1,009,408.00 83,426.00 86,388.00
2015-12-31 1,094,183.00 55,169.00 87,599.00
2015-09-30 1,156,734.00 76,174.00 86,326.00
2015-06-30 1,129,959.00 71,122.00 86,123.00
2015-03-31 1,110,259.00 73,338.00 84,609.00
2014-12-31 1,083,053.00 102,372.00 81,415.00
2014-09-30 1,032,805.00 74,102.00 79,943.00
2014-06-30 1,051,600.00 72,704.00 78,105.00
2014-03-31 1,075,285.00 64,297.00 77,764.00
2013-12-31 992,454.00 70,133.00 74,457.00
2013-09-30 972,226.00 64,293.00 74,797.00
2013-06-30 958,045.00 50,716.00 74,744.00
2013-03-31 927,157.00 45,507.00 75,415.00
2012-12-31 996,014.00 38,558.00 78,910.00
2012-09-30 1,051,043.00 72,580.00 78,574.00
2012-06-30 997,077.00 63,950.00 77,497.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mitsubishi Estate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mitsubishi Estate used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Mitsubishi Estate has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mitsubishi Estate's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mitsubishi Estate has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mitsubishi Estate's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mitsubishi Estate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitsubishi Estate is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mitsubishi Estate's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mitsubishi Estate's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mitsubishi Estate Company Filings, last reported 1 month ago.

OTCPK:MITE.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,957,104.00 2,315,003.00 183,581.00
2018-12-31 1,923,500.00 2,500,921.00 263,284.00
2018-09-30 1,926,514.00 2,477,564.00 263,435.00
2018-06-30 1,869,084.00 2,514,711.00 264,319.00
2018-03-31 1,879,086.00 2,476,884.00 295,372.00
2017-12-31 1,856,034.00 2,524,098.00 272,037.00
2017-09-30 1,804,700.00 2,469,454.00 249,110.00
2017-06-30 1,770,028.00 2,418,316.00 241,960.00
2017-03-31 1,767,459.00 2,391,337.00 257,196.00
2016-12-31 1,707,963.00 2,366,475.00 247,487.00
2016-09-30 1,666,182.00 2,397,453.00 287,908.00
2016-06-30 1,639,307.00 2,352,465.00 340,827.00
2016-03-31 1,659,179.00 2,284,225.00 412,997.00
2015-12-31 1,671,884.00 2,074,425.00 244,930.00
2015-09-30 1,662,979.00 1,937,434.00 216,819.00
2015-06-30 1,646,708.00 1,975,432.00 178,936.00
2015-03-31 1,640,163.00 1,922,110.00 199,348.00
2014-12-31 1,563,750.00 1,954,055.00 195,206.00
2014-09-30 1,508,026.00 2,169,363.00 245,742.00
2014-06-30 1,492,072.00 2,072,091.00 128,132.00
2014-03-31 1,447,091.00 1,963,536.00 225,454.00
2013-12-31 1,448,958.00 2,004,734.00 121,956.00
2013-09-30 1,429,828.00 2,057,905.00 163,959.00
2013-06-30 1,385,100.00 2,082,535.00 134,074.00
2013-03-31 1,366,010.00 2,075,207.00 192,688.00
2012-12-31 1,319,617.00 2,068,733.00 134,765.00
2012-09-30 1,301,641.00 2,192,900.00 253,407.00
2012-06-30 1,296,600.00 2,183,727.00 234,455.00
  • Mitsubishi Estate's level of debt (118.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (135.7% vs 118.3% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.4x coverage).
X
Financial health checks
We assess Mitsubishi Estate's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mitsubishi Estate has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mitsubishi Estate's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.26%
Current annual income from Mitsubishi Estate dividends. Estimated to be 1.45% next year.
If you bought $2,000 of Mitsubishi Estate shares you are expected to receive $25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mitsubishi Estate's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Mitsubishi Estate's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MITE.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MITE.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 34.00 1.00
2022-03-31 31.60 5.00
2021-03-31 30.15 13.00
2020-03-31 29.00 13.00
OTCPK:MITE.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-08-03 26.000 1.398
2018-06-28 26.000 1.361
2018-05-15 26.000 1.309
2018-02-13 24.000 1.293
2018-02-07 24.000 1.278
2017-11-14 24.000 1.180
2017-11-06 24.000 1.137
2017-06-29 20.000 1.011
2017-05-31 22.000 1.041
2017-05-10 20.000 0.954
2017-02-06 18.000 0.836
2016-11-07 18.000 0.796
2016-06-29 16.000 0.827
2016-05-11 16.000 0.794
2015-06-26 14.000 0.581
2015-05-12 14.000 0.519
2015-02-12 12.000 0.428
2015-02-05 12.000 0.477
2014-11-13 12.000 0.474
2014-10-31 12.000 0.443
2014-06-27 12.000 0.495
2014-05-08 12.000 0.483
2014-02-13 12.000 0.498
2014-02-05 12.000 0.473
2013-11-13 12.000 0.423
2013-10-31 12.000 0.433
2013-06-27 12.000 0.439
2013-05-07 12.000 0.469
2013-02-14 12.000 0.449
2013-02-04 12.000 0.566
2012-11-13 12.000 0.655
2012-10-31 12.000 0.754
2012-07-31 12.000 0.820
2012-06-28 12.000 0.858
2012-05-07 12.000 0.947
2012-02-13 12.000 0.840
2012-02-03 12.000 0.950
2011-11-11 12.000 0.974
2011-10-31 12.000 0.893
2011-07-29 12.000 0.949
2011-06-29 12.000 0.833
2011-05-09 12.000 0.865
2011-02-10 12.000 0.803
2011-02-04 12.000 0.746
2010-11-11 12.000 0.797
2010-10-29 12.000 0.822
2010-08-12 12.000 0.882
2010-07-30 12.000 0.957
2010-06-29 12.000 0.966
2010-04-30 12.000 0.846
2010-02-10 12.000 0.806
2010-02-04 12.000 0.859
2009-11-13 12.000 0.830
2009-10-30 12.000 0.889
2009-08-03 12.000 0.802

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Mitsubishi Estate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mitsubishi Estate's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mitsubishi Estate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitsubishi Estate has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mitsubishi Estate's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Junichi Yoshida
AGE 60
TENURE AS CEO 2.1 years
CEO Bio

Apr. 1982 Joined Mitsubishi Estate Co., Ltd. Apr. 2007 General Manager, Personnel Planning Dept. Apr. 2009 General Manager, Human Resources Dept. Apr. 2011 General Manager, Commercial Asset Management Dept. Apr. 2012 Executive Officer and General Manager, Commercial Asset Management Dept. Apr. 2014 Senior Executive Officer Jun. 2016 Director (Current position) and Senior Executive Officer. Apr. 2017 Representative Corporate Executive Officer, President & Chief Executive Officer (Current position).

CEO Compensation
  • Insufficient data for Junichi to compare compensation growth.
  • Insufficient data for Junichi to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Mitsubishi Estate management team in years:

2.1
Average Tenure
60
Average Age
  • The tenure for the Mitsubishi Estate management team is about average.
Management Team

Junichi Yoshida

TITLE
President
AGE
60
TENURE
2.1 yrs

Akio Tamagawa

TITLE
Investor Relations Officer

Masato Kawasaki

TITLE
General Manager of Corporate Communications Department

Yutaka Tajima

TITLE
Senior Executive Officer
AGE
60
TENURE
2.1 yrs

Kenichi Iwata

TITLE
Executive Vice President

Atsuo Kyono

TITLE
Representative Corporate Executive Officer & Executive VP
TENURE
2.8 yrs

Tetsuji Arimori

TITLE
Representative Corporate Executive Officer
AGE
61
TENURE
2.1 yrs

Junichi Tanisawa

TITLE
Representative Corporate Executive Officer
AGE
60
TENURE
2.1 yrs

Hidemi Waki

TITLE
Group Executive Officer

Hiroshi Katayama

TITLE
Senior Executive Officer & Director
AGE
59
Board of Directors Tenure

Average tenure and age of the Mitsubishi Estate board of directors in years:

2.9
Average Tenure
62.5
Average Age
  • The average tenure for the Mitsubishi Estate board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hirotaka Sugiyama

TITLE
Chairman
COMPENSATION
¥162M
AGE
69
TENURE
2.1 yrs

Junichi Yoshida

TITLE
President
AGE
60
TENURE
2.9 yrs

Tetsuji Arimori

TITLE
Representative Corporate Executive Officer
AGE
61
TENURE
0.8 yrs

Junichi Tanisawa

TITLE
Representative Corporate Executive Officer
AGE
60
TENURE
4.9 yrs

Hiroshi Katayama

TITLE
Senior Executive Officer & Director
AGE
59
TENURE
2.9 yrs

Noboru Nishigai

TITLE
Representative Corporate Executive Officer
AGE
58
TENURE
1.9 yrs

Shin Ebihara

TITLE
Outside Director
AGE
70
TENURE
3.9 yrs

Tetsuo Narukawa

TITLE
Outside Director
AGE
69
TENURE
0.9 yrs

Shu Tomioka

TITLE
Outside Director
AGE
70
TENURE
12.9 yrs

Jo Kato

TITLE
Director
AGE
64
TENURE
7.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Mitsubishi Estate's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mitsubishi Estate has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The company engages in the development, leasing, property management, and sale of office buildings. It also operates outlets and other retail facilities; offers services for various needs of condominiums, custom-built housing, purchase and sales, leasing, brokerage areas, renovations, and management; and develops office building, residential, commercial facility, and other real estate properties. In addition, the company provides real estate investment trust services to meet management needs for long-term stability, as well as private placement funds to meet the specific management needs of institutional investors. Further, it offers architectural design and engineering services, including construction, civil engineering, and urban and regional development planning and consulting. Additionally, the company operates a network of hotels under the Royal Park Hotels brand; and provides real estate problem-solving solutions for corporations and high net worth individuals, such as real estate brokerage, condominium and office building leasing management support, parking lot management support, and real estate appraisal. The company has a strategic alliance with Crown Group Holdings to develop a vibrant new community. Mitsubishi Estate Co., Ltd. was founded in 1890 and is headquartered in Tokyo, Japan.

Details
Name: Mitsubishi Estate Co., Ltd.
MITE.Y
Exchange: OTCPK
Founded: 1890
¥26,105,150,265
1,388,150,046
Website: http://www.mec.co.jp
Address: Mitsubishi Estate Co., Ltd.
Otemachi Building,
1-1, Otemachi 1-chome,
Tokyo,
100-8133,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8802 Common Stock The Tokyo Stock Exchange JP JPY 31. Jan 1975
OTCPK MITE.F Common Stock Pink Sheets LLC US USD 31. Jan 1975
DB MES Common Stock Deutsche Boerse AG DE EUR 31. Jan 1975
OTCPK MITE.Y ADR Pink Sheets LLC US USD 31. Jan 1975
Number of employees
Current staff
Staff numbers
8,856
Mitsubishi Estate employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:47
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.