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Starts Proceed Investment Corporation

Starts Proceed Investment Corporation

8979.T
Starts Proceed Investment CorporationJP flagTokyo Stock Exchange
189,000.00
JPY
- -
- -
51.49BMarket Cap
Starts Proceed Investment Corporation
8979.T
(Tokyo Stock Exchange)

Recent

price

189,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
28,267.32
28,081.91
28,062.89
27,061.9
26,506.73
25,702.77
25,808.68
24,402.4
24,171
24,447.15
27,654.42
24,972.31
25,902.8
25,521.5
26,640.64
27,419.21
Revenue per Share
6,889.68
7,519.68
7,839.76
8,464.78
8,224.04
8,228.12
8,307.84
9,577.6
9,055.02
9,127.42
12,123.22
9,225.83
9,845.14
9,322.9
9,868.32
9,510.6
Basic EPS, GAAP
-11,293.86
11,378.62
11,659.73
-69,725.52
10,516.66
-44,546.39
7,875.21
-81,518.36
-11,656.09
11,365.41
9,948.76
10,679.53
9,093.48
-34,472.79
8,683.65
18,221.97
Free Cash Flow per Basic Share
7,956.56
7,033.24
7,615.76
6,899.96
8,551.84
7,531.94
8,125.7
7,352.79
9,282.28
9,039.97
9,591.39
10,139.86
9,279.73
11,019.79
9,988.44
10,898.03
Dividend per Share
173,286.12
173,286.12
173,286.12
200,182.24
174,637.69
173,426.13
173,187.61
167,453.59
168,873.86
167,833.89
169,744.83
168,819.66
169,383.8
172,599.21
172,833.01
171,435.95
Book Value per Share
176,523.31
177,036
177,284.77
205,176.33
178,666.55
177,467.21
177,362.36
172,538.81
169,248.61
168,215.56
171,709.56
170,785.95
167,914.26
169,288.66
169,230.72
167,762.77
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
3,052
3,032
3,030
3,423
3,843
4,460
4,485
6,154
6,207
6,240
7,018
6,337
6,574
7,209
7,525
7,469
Sales/Revenue/Turnover
47.48
46.06
45.06
43.9
41.88
41.75
40.94
45.2
44.1
43.9
49.27
43.14
44.62
44.15
45.38
44.14
Operating Margin (%)
568
586
596
692
792
947
959
1,174
1,226
1,240
1,280
1,298
1,298
1,352
1,381
1,412
Depreciation Expense
744
812
847
1,071
1,192
1,428
1,444
2,415
2,325
2,330
3,077
2,341
2,498
2,634
2,788
2,591
Net Income, GAAP
0.26
0.25
0.23
0.24
0.26
0.28
0.27
0.16
0.17
0.17
0.13
0.17
0.16
0.6
0.35
0.07
Effective Tax Rate (%)
24.37
26.78
27.94
31.28
31.03
32.01
32.19
39.25
37.46
37.34
43.84
36.94
38.01
36.53
37.04
34.69
Profit Margin (%)
-11,872
-10,955
-11,815
-9,799
-7,931
-6,455
-4,824
-1,003
-3,717
-3,733
-4,847
-6,902
-6,255
-5,835
-4,915
-3,332
Working Capital
8,718
9,188
7,965
13,057
14,652
20,383
22,147
36,246
38,897
38,826
37,626
35,552
36,424
43,785
45,097
46,426
LT Debt
19,060
19,116
19,143
25,950
25,903
30,797
30,827
43,517
43,462
42,936
43,576
43,342
43,485
48,854
48,821
46,702
Total Equity
3.49
3.37
3.33
3.26
3.15
3.33
3.02
3.78
3.11
3.07
3.88
3.06
3.29
3.31
3.34
3.26
Return on Invested Capital (%)
2.72
2.84
2.9
2.99
2.97
3.13
2.9
3.75
3.02
2.98
3.84
3.03
3.24
3.24
3.25
3.26
Return on Capital (%)
3.98
4.34
4.52
4.86
4.71
5.15
4.8
6.68
5.43
5.41
7.16
5.45
5.82
5.74
5.71
5.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.92%
1.55%
-4.34%
Free Cash Flow
-256.75%
-110.46%
102.37%
Net Income, GAAP
8.39%
-2.6%
-7.06%
Sales/Revenue/Turnover
5.9%
1.47%
-0.74%
Total Cash Common Dividend
9.55%
5.06%
5.22%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
7,209
2024
- -
- -
- -
- -
7,525
2025
- -
- -
- -
- -
7,469

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
9,322.9
2024
- -
- -
- -
- -
9,868.32
2025
- -
- -
- -
- -
9,510.6

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
11,019.79
2024
- -
- -
- -
- -
9,988.44
2025
- -
- -
- -
- -
10,898.03
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Business
Starts Proceed Investment Corporation (8979.T), a Japan-based real estate investment trust specializing in rental housing properties, invests primarily in monthly mansions, serviced apartments, hotels, and facilities for the elderly located in major metropolitan areas including Tokyo, Osaka, Nagoya, Sendai, Fukuoka, and other regional cities; its portfolio comprises 107 properties with a total acquisition price of 100.9 billion yen and an occupancy rate of 97.3% as of recent reporting. Established on May 2, 2005, and headquartered in Tokyo, the REIT entrusts asset management to Starts Asset Management Co., Ltd., a member of the Starts Group sponsor, focusing on sustainable asset growth and stable earnings through leasing operations targeting individual and corporate tenants in the residential REIT segment. The company maintains an A rating with a stable outlook from Japan Credit Rating Agency as of September 2024. In recent developments, Starts Proceed completes acquisitions and dispositions of trust beneficiary interests in domestic real estate properties, such as the acquisition announced on April 24, 2025, and completion on May 13, 2025, alongside asset repurchases and cancellations of own investment units completed on April 22, 2025; it issues green bonds, including on November 12, 2024, and enters interest rate swap agreements, with determinations noted on May 21, 2025, while securing certifications like DBJ Green Building on November 11, 2024, and BELS energy-efficiency labels; operational enhancements include revisions to management status forecasts, such as on June 13, 2025, for the fiscal period ended April 2025, and introduction of optimal payable distributions since the period ended April 2024 to support equity financing.