Vizora日本語

Mitsui FudosanMitsui Fudosan Co., Ltd.8801東証プライム不動産業FY ending Mar 2026, consolidated, J-GAAP

Mitsui Fudosan revenue and profit

Out of every ¥100 of sales, about ¥15 is left as operating profit. Revenue changed +3.2% from the prior year, operating profit +6.7%.

Five-year trend

Revenue¥2.71T
FY ending Mar 2022: ¥2.1T¥2.1TFY ending Mar 2023: ¥2.27T¥2.27TFY ending Mar 2024: ¥2.38T¥2.38TFY ending Mar 2025: ¥2.63T¥2.63TFY ending Mar 2026: ¥2.71T¥2.71TFY22FY23FY24FY25FY26
Operating income¥397.8B
FY ending Mar 2022: ¥245B¥245BFY ending Mar 2023: ¥305.4B¥305.4BFY ending Mar 2024: ¥339.7B¥339.7BFY ending Mar 2025: ¥372.7B¥372.7BFY ending Mar 2026: ¥397.8B¥397.8BFY22FY23FY24FY25FY26
Operating margin14.7%
FY ending Mar 2022: 11.7%11.7%FY ending Mar 2023: 13.5%13.5%FY ending Mar 2024: 14.3%14.3%FY ending Mar 2025: 14.2%14.2%FY ending Mar 2026: 14.7%14.7%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin10.3%
Asset turnover0.27×
ROA2.8%
ROA2.8%
Financial leverage4.05×
ROE11.3%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin10.3%
2022: 8.4%8.4%2023: 8.7%8.7%2024: 9.4%9.4%2025: 9.5%9.5%2026: 10.3%10.3%2223242526
Asset turnover0.27×
2022: 0.26×0.26×2023: 0.27×0.27×2024: 0.26×0.26×2025: 0.27×0.27×2026: 0.27×0.27×2223242526
ROA2.8%
2022: 2.2%2.2%2023: 2.3%2.3%2024: 2.5%2.5%2025: 2.6%2.6%2026: 2.8%2.8%2223242526
Financial leverage4.05×
2022: 3.94×3.94×2023: 4.01×4.01×2024: 4.10×4.10×2025: 4.09×4.09×2026: 4.05×4.05×2223242526
ROE11.3%
2022: 8.5%8.5%2023: 9.3%9.3%2024: 10.0%10.0%2025: 10.5%10.5%2026: 11.3%11.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.4%0.26×2.2%3.94×8.5%
20238.7%0.27×2.3%4.01×9.3%
20249.4%0.26×2.5%4.10×10.0%
20259.5%0.27×2.6%4.09×10.5%
202610.3%0.27×2.8%4.05×11.3%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue168.0%
2021: 185.2%185.2%2022: 182.9%182.9%2023: 185.4%185.4%2024: 180.4%180.4%2025: 174.6%174.6%2026: 168.0%168.0%212223242526
PPE ÷ total assets45.1%
2021: 48.0%48.0%2022: 46.8%46.8%2023: 47.6%47.6%2024: 45.3%45.3%2025: 46.5%46.5%2026: 45.1%45.1%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥562M
2021: ¥741M¥741M2022: ¥1.29B¥1.29B2023: ¥1.8B¥1.8B2024: ¥1.01B¥1.01B2025: ¥1.08B¥1.08B2026: ¥562M¥562M212223242526
R&D / revenue0.0%
2021: 0.0%0.0%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.0%0.0%2025: 0.0%0.0%2026: 0.0%0.0%212223242526
Receivable days—
2021: 8d8d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue2,100,8702,269,1032,383,2892,625,3632,709,747
Cost of revenue—————
Gross profit—————
SG&A205,462221,273253,433262,393276,996
Operating income244,978305,405339,690372,732397,788
Pretax income262,403295,930334,065363,060397,014
Income tax86,64992,556106,377116,994125,163
Net income attributable to owners176,986196,998224,647248,799278,684
Operating margin11.7%13.5%14.3%14.2%14.7%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

1%
0%
Property, plant and equipment 45%
1%
Investment securities 15%
Other assets 38%

Funding

2%
Interest-bearing debt 41%
Other liabilities 24%
Equity 33%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥142.7B¥132.3B¥179.2B¥163.3B¥82.3B
Total assets¥8.21T¥8.84T¥9.49T¥9.86T¥10.1T
Net assets¥2.91T¥3.03T¥3.23T¥3.27T¥3.38T
Share capital¥340.2B¥340.6B¥341B¥341.8B¥341.8B
Inventories¥10.4B¥10.7B¥8.18B¥7.72B¥8.89B
Property, plant and equipment¥3.84T¥4.21T¥4.3T¥4.58T¥4.55T
Intangible assets excluding goodwill¥72.3B¥86.7B¥105B¥123.1B¥127.4B
Investment securities¥1.22T¥1.26T¥1.47T¥1.33T¥1.48T
Current assets¥2.57T¥2.75T¥3.04T¥3.17T¥3.25T
Current liabilities¥1.28T¥1.5T¥1.44T¥1.85T¥1.85T
Trade payables¥135.1B¥148B¥131.2B¥197B¥185.4B
Short-term borrowings¥299B¥389.8B¥540.2B¥573.2B¥792.3B
Long-term borrowings¥2.04T¥2.16T¥2.51T¥2.42T¥2.36T
Bonds¥652.6B¥644.8B¥824.5B¥822.4B¥996.9B
Interest-bearing debt¥2.99Tderived¥3.19Tderived¥3.87Tderived¥3.82Tderived¥4.15Tderived
Total liabilities¥5.29T¥5.81T¥6.25T¥6.59T¥6.72T
Non-controlling interests¥115.9B¥129.2B¥123.7B¥123.2B¥106.8B
Equity attributable to owners of parent¥2.08T¥2.17T¥2.3T¥2.43T¥2.51T
Retained earnings¥1.39T¥1.5T¥1.66T¥1.78T¥1.92T
Treasury stock-¥21.6B-¥38.4B-¥7.26B-¥12.2B-¥67.5B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第114期(2025/04/01－2026/03/31)

    ID S100YHUO2026-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第113期(2024/04/01－2025/03/31)

    ID S100VWQS2025-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第112期(2023/04/01－2024/03/31)

    ID S100TRIW2024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第111期(2022/04/01－2023/03/31)

    ID S100R9SS2023-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第110期(令和3年4月1日－令和4年3月31日)

    ID S100OIF12022-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第109期(令和2年4月1日－令和3年3月31日)

    ID S100LOUC2021-06-29Open

Extracted from XBRL: 53 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image