Star Asia Investment Corp.

Star Asia Investment Corp.

TTSE:3468
52,500.00
JPY
0.00
(0.00%)
138.92BMarket Cap
Mar 18Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
7,116.08
6,788.63
7,145.37
- -
7,305.89
6,752.65
7,009.97
6,778.52
- -
- -
- -
Basic EPS, GAAP
- -
3,953.72
3,513.12
3,759.26
- -
8,486.1
2,845.12
3,055.46
3,034.08
- -
- -
- -
Free Cash Flow per Basic Share
- -
-15,347.8
-6,621.14
-10,847.27
- -
3,535.4
-4,128.75
-4,231.01
-17,007.27
- -
- -
- -
Dividend per Share
- -
1,908.76
3,977.39
3,104.74
- -
3,280.87
2,853.61
2,872.81
2,808.59
- -
- -
- -
Book Value per Share
49,098.93
50,558.22
50,238.8
50,607.74
27,812.88
53,260.91
53,539.72
53,715.49
53,740.99
- -
- -
53,848.85
Tangible Book Value per Share
44,081.32
46,383.54
46,563.74
47,409.71
27,186.78
50,822.82
51,258.33
51,591.16
51,108.84
- -
- -
51,528.41
Basic Weighted Avg Shares
- -
1
1
1
1
2
2
2
2
3
3
3
Sales/Revenue/Turnover
- -
5,229
6,005
7,630
- -
12,233
12,049
13,433
16,079
- -
- -
- -
Operating Margin (%)
- -
62.9
60.42
60.71
- -
50.81
50.92
51.79
53.79
- -
- -
- -
Depreciation Expense
- -
532
661
825
- -
1,261
1,380
1,507
1,998
- -
- -
- -
Net Income, GAAP
- -
2,905
3,107
4,014
- -
14,209
5,077
5,855
7,197
- -
- -
- -
Effective Tax Rate (%)
- -
0.06
2.36
0.61
- -
0.01
0.02
0.02
0.02
- -
- -
- -
Profit Margin (%)
- -
55.56
51.75
52.61
- -
116.15
42.13
43.59
44.76
- -
- -
- -
Working Capital
1,944
-4,536
-4,052
-2,722
-6,506
-16,618
-6,170
-5,332
-2,176
- -
- -
-8,046
LT Debt
29,200
30,050
34,740
44,280
18,300
56,840
73,250
82,500
109,755
- -
- -
119,730
Total Equity
33,849
41,893
47,287
54,740
30,084
89,179
95,803
103,224
127,474
- -
- -
144,692
Return on Invested Capital (%)
- -
4.47
4.14
4.67
- -
5.38
3.43
3.6
3.84
- -
- -
- -
Return on Capital (%)
- -
4.16
3.87
4.38
- -
12.83
3.23
3.43
3.64
- -
- -
- -
Return on Common Equity (%)
- -
7.67
6.97
7.87
- -
23.83
5.49
5.88
6.24
- -
- -
- -

Capital Structure

JPY

•

in mil. unless spec.
Jan'24
Jul'24
Jan'25
ST Debt
14,585
12,085
19,950
LT Borrowings
108,555
109,755
119,730
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
3
Market Capitalization
137,102
134,730
138,918

Working Capital

JPY

•

in mil. unless spec.
Jan'24
Jul'24
Jan'25
Total Current Assets
13,513
13,114
15,100
Cash, Cash Equivalents & STI
2,466
3,379
3,816
Accounts Receivable, Net
320
443
601
Inventories
- -
- -
- -
Total Current Liabilities
17,436
15,289
23,146
Payables & Accruals
- -
- -
- -
ST Debt
14,585
12,085
19,950
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
16,079
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,034.08
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2,808.59
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Atsushi Kato
Full Time Employees
230
Sector
Finance
Industry
Real estate investment trusts
Address
Atago Green Hills MORI Tower Tokyo TY Japan 105-6218
IPO Date
Apr 20, 2016
Business
Star Asia Investment Corporation is a diversified real estate investment trust (REIT) company primarily engaged in investing in income-generating real estate assets. The company's main products and services include investment and management of a portfolio composed of office buildings, residential condominiums, logistics facilities, and hotels, with properties such as Minami-Azabu Shibuya building, Oak Minami-Azabu, Honmachibashi Tower, and Urban Park Azabujuban among its holdings. The Fund is a close-ended real estate investment vehicle focused on stable revenue generation and asset growth in the Japanese real estate market. Star Asia Investment Management Co., Ltd. serves as the asset manager, utilizing extensive expertise in real estate investment and asset management to optimize unitholder value. Founded in 2015 and headquartered in Japan, Star Asia Investment Corporation operates with a strategic focus on achieving mid- to long-term growth for investors, supported by its sponsor, Star Asia Group, an independent investment management group managing funds on behalf of global institutional investors such as university endowments, foundations, and pension funds. Recent major changes include debt refinancing initiatives in 2024 aimed at strengthening financial stability through green loans, strategic asset replacement, and portfolio reshuffling with acquisitions announced in September 2025 to enhance its asset base. The company has also reported strong operational performance in its hotel assets with high occupancy rates and upward revisions to operating forecasts and distribution for the fiscal period ending January 2026. Additionally, a significant upcoming event includes the planned merger of its tenant, Koko Hotels, effective January 1, 2026, anticipated to impact leasing and operational stability. Star Asia maintains a sustainable and transparent asset management approach while expanding its hotel portfolio through new lease agreements and refinancing efforts. Through disciplined investment philosophy, diversified real estate sectors, and active portfolio management in Japan, Star Asia Investment Corporation delivers attractive stable returns and value maximization for its investors while engaging in ongoing strategic refinements and market-responsive actions to maintain competitive positioning within the Japanese REIT sector. The company’s business model and recent operational developments underline its commitment to sustainable growth, investor transparency, and adaptive asset management in the evolving real estate investment landscape.