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Heiwa Real Estate Co., Ltd.

Heiwa Real Estate Co., Ltd.

8803.T
Heiwa Real Estate Co., Ltd.JP flagTokyo Stock Exchange
2,370.00
JPY
-5.00
- -
156.59BMarket Cap
Heiwa Real Estate Co., Ltd.
8803.T
(Tokyo Stock Exchange)

Recent

price

2,370.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
984.52
881.93
826.58
1,084.65
860.83
927.69
1,046.53
819.77
1,014.99
1,223.35
934.26
1,572.47
619.49
620.83
622.68
- -
232.11
Revenue per Share
67.37
51.48
61.51
72.7
62.53
110.49
113.16
132.57
158.73
184.82
189.74
236.75
127.13
118.06
141.55
- -
25.59
Basic EPS, GAAP
419.88
-127.21
17.99
119.48
-43.51
-136.58
124.39
-86.04
-897.52
442.63
-608.65
375.72
-231.83
18.44
-126.81
- -
- -
Free Cash Flow per Basic Share
9.7
19.84
19.89
22.88
21.9
21.93
27.88
29.88
40.26
53.17
63.07
86.38
52.33
56.06
88.41
- -
- -
Dividend per Share
1,224.62
967.28
1,022.12
1,072.02
1,119.3
1,204.16
1,290.12
1,392.81
1,546.57
1,612.84
1,765.53
1,951.37
1,082.39
1,152.76
1,273.8
- -
1,172.56
Book Value per Share
2,219.53
1,767.2
1,856.57
1,911.89
2,072.56
2,130.72
2,198.49
2,043.8
2,221.05
2,221.04
2,450.34
2,460.39
1,233.7
1,317.91
1,285.05
- -
1,194.4
Tangible Book Value per Share
31
40
40
40
40
40
40
40
39
38
38
37
72
72
68
- -
70
Basic Weighted Avg Shares
30,135
35,205
32,992
43,284
34,347
37,010
41,747
32,698
39,480
46,639
35,048
57,818
44,522
44,433
42,075
50,855
16,242
Sales/Revenue/Turnover
33.21
20.11
22.31
18.62
24.9
22.35
23.18
28.86
23.66
23.38
32.05
21.82
24.23
29.31
31.37
29.72
23.22
Operating Margin (%)
5,098
5,194
5,243
5,326
4,989
5,028
4,878
4,661
4,766
4,814
5,077
5,418
5,668
5,785
5,678
5,867
- -
Depreciation Expense
2,062
2,055
2,455
2,901
2,495
4,408
4,514
5,288
6,174
7,046
7,118
8,705
9,137
8,450
9,565
11,032
1,791
Net Income, GAAP
45.71
44.21
4.92
27.09
45.76
31.46
28.17
32.22
36.35
29.34
30.32
30.6
31.09
31.9
23.07
30.6
32.39
Effective Tax Rate (%)
6.84
5.84
7.44
6.7
7.26
11.91
10.81
16.17
15.64
15.11
20.31
15.06
20.52
19.02
22.73
21.69
11.03
Profit Margin (%)
13,305
-4,449
-409
-5,855
-11,081
-26,650
611
2,793
21,976
36,762
25,551
22,838
12,087
24,205
27,629
51,401
8,376
Working Capital
136,129
127,618
133,187
123,786
125,832
106,175
125,058
134,239
154,504
168,898
173,624
181,032
198,869
201,567
221,925
232,765
197,557
LT Debt
73,010
75,495
84,000
85,987
92,297
94,825
97,522
104,899
109,073
107,300
118,638
119,277
119,322
125,644
117,996
126,761
114,906
Total Equity
2.06
1.48
2.57
2.22
1.81
2.22
2.71
2.47
2.14
2.62
2.5
2.67
2.22
2.55
2.83
2.76
0.74
Return on Invested Capital (%)
1.6
1.65
2.19
2.12
1.74
2.69
2.66
2.94
3.06
3.24
3.08
3.51
3.54
3.17
3.46
3.78
0.78
Return on Capital (%)
6.11
5.4
6.18
6.94
5.71
9.51
9.07
9.88
10.67
11.58
11.15
12.62
12.22
10.54
11.35
13.35
2.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
21,105
- -
22,541
LT Borrowings
201,567
- -
197,557
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
72
- -
67
Market Capitalization
146,011
137,154
142,752

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
53,257
- -
37,205
Cash, Cash Equivalents & STI
28,421
- -
14,539
Accounts Receivable, Net
2,114
- -
2,112
Inventories
21,212
- -
19,254
Total Current Liabilities
29,052
- -
28,829
Payables & Accruals
- -
- -
- -
ST Debt
21,105
- -
22,541
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.05%
1.44%
7.43%
Free Cash Flow
-109.49%
-253.66%
-30.1%
Net Income, GAAP
9.97%
9.66%
15.34%
Sales/Revenue/Turnover
6.25%
11.47%
20.87%
Total Cash Common Dividend
22.13%
21.9%
1.27%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,028
13,163
7,524
8,718
44,433
2025
- -
- -
- -
- -
42,075
2026
- -
- -
- -
- -
50,855

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
69.87
- -
- -
- -
118.06
2025
- -
- -
- -
- -
141.55
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
56.06
2025
- -
- -
- -
- -
88.41
2026
- -
- -
- -
- -
- -
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Business
Heiwa Real Estate Co., Ltd. Heiwa Real Estate Co., Ltd. is a Japan-based real estate company primarily engaged in the development, leasing, management, operation, and sales of properties including stock exchange buildings, office buildings, commercial facilities, housing, conference venues, and restaurants; it operates through three main segments encompassing leasing activities, real estate solutions such as income property development, house sales, and brokerage, as well as other businesses including building renovation, insurance agency, and private nursing-home operations. The company focuses on urban redevelopment in key districts like Tokyo's Nihonbashi Kabutocho and Kayabacho, and Sapporo, with headquarters in Tokyo and founded in July 1947. Geographically, it concentrates operations within Japan, targeting financial centers, commercial hubs, and residential markets while managing assets for its affiliate HEIWA REAL ESTATE REIT, Inc., which specializes in medium-sized offices and residential properties. Recent developments include a capital and business alliance with Taisei Corporation to support its long-term vision "WAY 2040," the acquisition of a 24% co-ownership interest in the "Park East Sapporo" property in Hokkaido, and in December 2024, Heiwa Corporation—its golf-related affiliate—announced the acquisition of PJC Investments Holdings L.P., parent of Accordia Golf Co., Ltd., for JPY 510 billion, with closing anticipated in January 2025.