Hulic Co., Ltd.

Hulic Co., Ltd.

HULCF
Hulic Co., Ltd.US flagOther OTC
9.17
USD
- -
- -
6.96BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
183.4
359.14
266.61
327.73
439.78
436.57
540.35
508.43
649.69
687.76
586.67
777.06
957.55
614.09
Basic EPS, GAAP
27.01
37.72
52.75
53
64.39
75.18
88.94
95.23
101.09
104
124.36
134.42
150.5
124.37
Free Cash Flow per Basic Share
-94.34
-11.58
-206.84
-1.14
-229.91
-187.04
-186.16
-178.42
113.43
-35.64
8.13
-28.08
-232.76
- -
Dividend per Share
5.02
7.53
12.24
18.08
18.09
23.61
28.03
35.24
36.66
40.29
45.34
53.37
57.02
- -
Book Value per Share
200.63
230.55
318.22
343.1
389.36
440.92
500.09
554.97
674.22
673.66
752.84
833.43
928.72
783.58
Tangible Book Value per Share
276.55
326.04
454.77
478.44
534.87
574.23
564.68
608.09
804.54
786.96
908.63
839.9
895.57
927.4
Basic Weighted Avg Shares
591
593
637
658
659
659
661
668
688
761
761
761
760
761
Sales/Revenue/Turnover
108,444
212,791
169,956
215,780
289,618
287,513
357,272
339,645
447,077
523,424
446,383
591,615
727,447
467,285
Operating Margin (%)
26.85
16.93
24.71
24.74
22.18
26.28
24.73
29.62
25.61
24.1
32.75
27.61
25.68
31.77
Depreciation Expense
6,873
7,411
8,929
11,299
11,736
11,942
14,172
15,866
15,939
16,253
16,307
17,881
19,913
- -
Net Income, GAAP
15,970
22,352
33,628
34,897
42,402
49,515
58,805
63,619
69,564
79,150
94,625
102,341
114,334
94,638
Effective Tax Rate (%)
38.36
34.18
23.89
29.96
30.17
30.86
30
30.17
33.32
32.63
30.71
31.66
32.73
31.17
Profit Margin (%)
14.73
10.5
19.79
16.17
14.64
17.22
16.46
18.73
15.56
15.12
21.2
17.3
15.72
20.25
Working Capital
-25,893
-99,361
-97,517
-10,980
4,877
99,764
86,989
160,816
221,879
5,144
187,667
121,110
195,817
-28,723
LT Debt
326,757
306,738
417,425
551,831
699,674
922,071
1,089,770
1,315,352
1,322,326
1,228,748
1,310,145
1,481,369
1,822,162
1,298,379
Total Equity
177,281
205,421
317,045
341,085
378,855
404,134
461,856
489,042
638,330
687,151
769,299
856,343
939,179
816,342
Return on Invested Capital (%)
2.96
3.58
3.85
3.76
4.02
3.99
4.09
4.02
3.9
4.06
4.63
4.48
4.23
4.27
Return on Capital (%)
3.43
4.21
4.94
4.29
4.56
4.51
4.6
4.33
4.2
4.52
5.16
4.85
4.68
4.71
Return on Common Equity (%)
14.26
17.52
19.81
16.28
17.58
18.11
18.94
18.14
16.67
16.21
17.43
16.95
17.06
16.66

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
134,883
258,400
410,399
LT Borrowings
1,310,145
1,364,088
1,298,379
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
761
761
761
Market Capitalization
1,089,536
1,094,796
1,194,329

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
372,973
395,700
437,107
Cash, Cash Equivalents & STI
82,878
129,090
110,345
Accounts Receivable, Net
8,992
10,735
11,536
Inventories
266,396
242,488
298,645
Total Current Liabilities
185,306
303,232
465,830
Payables & Accruals
- -
- -
- -
ST Debt
134,883
258,400
410,399
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.66%
14.22%
9.67%
Free Cash Flow
1,985.16%
-28.32%
727.1%
Net Income, GAAP
13.16%
12.51%
11.72%
Sales/Revenue/Turnover
16.93%
17.9%
22.96%
Total Cash Common Dividend
19.5%
13.12%
6.61%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
107,593
97,259
- -
- -
591,615
2025
- -
- -
- -
- -
727,447
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20.84
- -
- -
- -
134.42
2025
- -
- -
- -
- -
150.5
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
53.37
2025
- -
- -
- -
- -
57.02
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Takaya Maeda
Full Time Employees
3,495
Sector
Real Estate
Industry
Real Estate - Services
Address
7-3 Nihonbashi Odenmacho Tokyo TY Japan
IPO Date
Nov 14, 2016
Business
Hulic Co., Ltd. is a Japan-based company primarily engaged in real estate holding, leasing, brokerage, development, reconstruction, and asset management. Its core products and services include office buildings leasing; residential complexes development and leasing; brokerage and sale of real estate properties; hotel and ryokan management under brands such as THE GATE HOTEL, VIEW HOTELS, and Tokyo Bay Maihama Hotel; insurance agency services including life, non-life, and medical insurance operations; and construction contract and design services. The company also develops and manages renewable energy power plants and storage systems through its subsidiary Hulic Energy Solution Co., Ltd. Established in March 1957 and headquartered in Tokyo, Hulic operates mainly within Japan with expanding global footprints including offices in major cities outside Japan. Recent major developments include the execution of a new medium-term management plan (2023-2025) focusing on sustainable management and enhanced profitability, which emphasizes expanding leasing business while controlling balance sheets through strategic asset replacement and capital gains from real estate development. Hulic has invested approximately ¥3 billion in technology integration targeting smart building solutions and operational efficiencies, and has formed strategic partnerships such as a capital/business alliance with EcoNaviSta Co., Ltd. The company aims to achieve 100% renewable energy usage in its operations and properties by 2025, enhancing environmental sustainability efforts. In 2025, Hulic also completed acquisitions including trust beneficiary rights via a silent partnership investment to strengthen its asset portfolio. The company sustains a robust financial base, reflected in its upgraded long-term issuer rating to AA- by JCR, driven by stable cash flows and ongoing pipeline development for asset reconstruction and new property launches. Hulic’s business segments are primarily divided into Real Estate, Insurance Agency, Hotel and Ryokan, and Others, with a strategic focus on tourism, senior living, and environmental domains as part of ongoing revenue diversification. This multi-segment approach supports its goal of achieving flexible earnings structures and steady profit growth within Japan’s commercial real estate and hospitality markets, backed by comprehensive insurance and energy solutions. Hulic maintains an emphasis on high-quality property development and customer satisfaction, supported by technological investments and sustainability initiatives, reinforcing its position as a leading integrated real estate company in Japan.