Japan Metropolitan Fund Investment Corporation

Japan Metropolitan Fund Investment Corporation

575.00
EUR
-40.00
(-6.50%)
Oct 08Next Earn
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
12,551.96
12,521.78
12,874.57
13,551.82
12,012.29
12,267.02
12,626.51
12,148.79
10,164.06
11,691.22
11,838.21
11,709.65
13,296.73
- -
Basic EPS, GAAP
3,930.58
4,072.01
4,415.82
4,262.56
4,431.04
4,530.38
4,568.33
4,815.87
3,648.89
4,671.12
4,580.95
4,544.29
5,769.2
- -
Free Cash Flow per Basic Share
-6,536.47
-1,344.6
-6,770.78
-10,606.82
-3,569.61
445.56
-695.53
1,160.4
79.58
-4,217.68
2,081.24
1,128.57
-5,410.08
- -
Dividend per Share
3,700.85
4,028.65
4,082.35
4,107.22
4,163.3
4,363.82
4,429.73
4,518.98
3,358.47
4,570.09
4,576.34
4,538.19
5,045.27
- -
Book Value per Share
77,270.67
79,256.4
80,561.27
81,356.26
82,852.34
82,740.02
82,886.17
83,829.5
89,433.72
89,393.09
89,436.14
89,460.46
90,281.92
90,799.06
Tangible Book Value per Share
75,596.29
77,846.75
79,125.93
80,306.71
81,858.79
81,731.25
81,886.09
82,805.9
86,418.8
86,497.78
86,593.24
86,756.42
87,789.73
88,373.86
Basic Weighted Avg Shares
4
5
5
5
5
5
5
5
7
7
7
7
7
- -
Sales/Revenue/Turnover
51,773
59,126
62,362
69,096
62,597
64,653
66,113
62,857
70,880
81,711
82,738
81,716
95,641
- -
Operating Margin (%)
41.02
41.35
42.51
39.84
44.29
43.84
42.08
45.48
41.62
44.67
43.44
43.84
48.53
- -
Depreciation Expense
11,285
11,778
12,334
12,156
11,366
11,480
11,112
10,824
11,972
12,876
12,477
12,120
12,166
- -
Net Income, GAAP
16,212
19,227
21,390
21,733
23,090
23,877
23,920
24,917
25,446
32,647
32,017
31,712
41,497
- -
Effective Tax Rate (%)
0.01
- -
- -
0.01
0.01
0.01
0.01
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
31.31
32.52
34.3
31.45
36.89
36.93
36.18
39.64
35.9
39.95
38.7
38.81
43.39
- -
Working Capital
-3,898
-28,750
-24,231
-358
-835
-12,715
-1,440
-7,730
13,159
-10,339
-17,970
-39,993
-18,681
-54,145
LT Debt
300,001
306,291
334,041
340,591
341,425
343,725
352,425
350,150
479,775
488,945
485,945
482,320
520,895
547,495
Total Equity
321,322
365,879
391,560
415,275
441,967
433,230
433,995
433,725
623,671
624,776
625,077
624,301
649,381
653,100
Return on Invested Capital (%)
3.45
3.61
- -
3.51
3.4
3.41
3.34
3.37
2.89
3.12
3.06
3.04
3.82
- -
Return on Capital (%)
3.26
3.45
- -
3.28
3.28
3.29
3.24
3.28
2.83
3.07
2.99
2.97
3.75
- -
Return on Common Equity (%)
5.26
5.6
5.65
5.39
5.39
5.46
5.52
5.74
4.81
5.23
5.12
5.08
6.52
- -

Capital Structure

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
ST Debt
82,275
79,750
82,150
LT Borrowings
518,370
520,895
547,495
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
- -
- -
- -

Working Capital

JPY

•

in mil. unless spec.
Feb'25
Aug'25
Feb'26
Total Current Assets
51,828
80,622
46,179
Cash, Cash Equivalents & STI
24,707
51,895
17,810
Accounts Receivable, Net
1,154
1,141
1,267
Inventories
- -
- -
- -
Total Current Liabilities
96,582
99,303
100,325
Payables & Accruals
- -
- -
- -
ST Debt
82,275
79,750
82,150
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.85%
9.58%
4.02%
Free Cash Flow
-692.52%
-1,258.4%
-594.1%
Net Income, GAAP
7.4%
11.68%
30.85%
Sales/Revenue/Turnover
4.71%
9.02%
17.04%
Total Cash Common Dividend
6.75%
10.06%
14.59%

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
81,716
2025
- -
- -
95,641
2026
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,544.29
2025
- -
- -
5,769.2
2026
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4,538.19
2025
- -
- -
5,045.27
2026
- -
- -
- -

Company Description

CEO
Keita Araki
Full Time Employees
97
Sector
Finance
Industry
Real estate investment trusts
Address
Tokyo Building Tokyo TY Japan 100-6420
IPO Date
Mar 12, 2002
Business
Japan Metropolitan Fund Investment Corporation primarily operates as a real estate investment trust (REIT) focused on acquiring and managing a diversified portfolio of urban commercial real estate in Japan. Its core products and services include investment in retail facilities, office buildings, and hotel properties concentrated in major metropolitan areas such as Tokyo, Nagoya, Osaka, Kanagawa, Saitama, Chiba, and Fukuoka. JMF manufactures value through asset management services, property acquisition, redevelopment, and lease management, targeting sustainable growth and stable mid- to long-term income for unitholders. The company's portfolio consists of approximately 158 properties with a total acquisition price exceeding 1.3 trillion yen. It emphasizes metropolitan life support from the perspectives of living, working, and consuming through urban real estate assets. In the last 1-2 years, the company has undertaken significant strategic acquisitions, notably the purchase of a 14-property portfolio—comprising 12 office buildings and 2 land leasehold assets—from Fujisoft Incorporated and Cyber Com Co., Ltd. for approximately 68.7 billion yen. This transaction, completed in 2025, includes key assets such as the Fujisoft Shiodome Building and others located in Tokyo's Minato-ku and Koto-ku, as well as properties in Nagoya, Fukuoka, Kanagawa, Saitama, and Chiba prefectures. JMF has also entered an asset management agreement with KJR Management, a subsidiary of KKR following KKR's 2025 acquisition of MC-UBSR, giving it enhanced asset management capabilities and scale in Japan's competitive real estate market. This partnership supports JMF’s strategy to capture rental growth and actively manage assets amid evolving market conditions, including rental revisions linked to office market fluctuations. Founded in 2002 and headquartered in Tokyo, Japan Metropolitan Fund Investment Corporation was formerly known as Japan Retail Fund Investment Corporation before rebranding to reflect its broader investment scope beyond retail properties to include office and diverse commercial real estate. The company is listed on the Tokyo Stock Exchange under the ticker 8953.T and maintains a strong financial position with an occupancy ratio of around 99.3%, supporting consistent distributions to unitholders. Its operational and investment focus serves institutional investors and capital markets with an emphasis on urban metropolitan commercial real estate in Japan for sustainable income and asset value appreciation. This comprehensive suite of real estate investment services, recent strategic acquisitions, and enhanced asset management partnership positions Japan Metropolitan Fund Investment Corporation as a leading diversified REIT in Japan’s urban real estate sector. Its major product segments include retail, office, and hotel property investments, supported by active asset management and redevelopment initiatives primarily in Japan’s key metropolitan regions. All information is current as of late 2025 and reflects the corporation's latest acquisitions, management agreements, and operational metrics.