Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsui Fudosan Co., Ltd.
Ticker 8801 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-24 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 14.7%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin14.7%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
三井不動産株式会社 is a Japanese listed company. Its reportable segments include Operating Segments Not Included In, Leasing, Facility Operations, Property Sales.
- Operating Segments Not Included In
- Leasing
- Facility Operations
- Property Sales
- Management
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Operating Segments Not Included In · Leasing · Facility Operations · Property Sales · Management · Description Of
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥2.6T | ¥2.7T |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit (loss) | ¥372.7B | ¥397.8B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥117.0B | ¥125.2B |
| Profit (loss) | ¥246.1B | ¥271.9B |
| Profit (loss) attributable to owners | ¥248.8B | ¥278.7B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥163.3B | ¥82.3B |
| Current assets | ¥3.2T | ¥3.2T |
| Non-current assets | ¥6.7T | ¥6.9T |
| Total assets | ¥9.9T | ¥10.1T |
| Short-term borrowings | ¥573.2B | ¥792.3B |
| Current liabilities | ¥1.8T | ¥1.8T |
| Non-current liabilities* | ¥4.7T | ¥4.9T |
| Total liabilities | ¥6.6T | ¥6.7T |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥599.3B | ¥145.3B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥269.4B | -¥59.1B |
| Net increase (decrease) in cash | -¥16.4B | -¥81.0B |
| Cash at end of period | ¥163.3B | ¥82.3B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥2.1T | ¥2.3T | ¥2.4T | ¥2.6T | ¥2.7T | |
| Operating profit | ¥224.9B | ¥265.4B | ¥267.9B | ¥290.3B | ¥313.3B | |
| Profit to owners | — | — | — | ¥248.8B | ¥278.7B | |
| Total assets | ¥8.2T | ¥8.8T | ¥9.5T | ¥9.9T | ¥10.1T | |
| Cash & equivalents | — | — | ¥179.2B | ¥163.3B | ¥82.3B | |
| Owners’ equity | ¥2.9T | ¥3.0T | ¥3.2T | ¥3.3T | ¥3.4T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥2.6T to ¥2.7T (▲ +3.2%), so the top line did not break. Gross profit only slipped from — to —, while operating profit swung from ¥372.7B to ¥397.8B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥145.3B (prior ¥599.3B), and cash on the balance sheet rose to ¥82.3B from ¥163.3B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥6.7T while owners’ equity fell to —. ROE moved from 8.0% to 8.7%, and the equity ratio from 31.9% to 32.4%. Employee count is 27,704 vs 26,630 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YHUO
(三井不動産株式会社), period end 2026-03-31.