Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsubishi Estate Co., Ltd.
Ticker 8802 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-24 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
Compare earnings and operating cash flow for earnings quality.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
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
三菱地所株式会社 is a Japanese listed company whose core business is the manufacture and sale of commercial equipment motors, based on its annual securities report business description.
- commercial equipment motors
Segments Operating Segments Not Included In · Marunouchi Property Business · Investment Management · International Business · Residential Business · Commercial Property Business
Compare trends
No phone/email found in this filing · Filing date 2026-06-24
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit (loss) | ¥309.2B | ¥329.7B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥110.1B | ¥113.8B |
| Profit (loss) | ¥206.9B | ¥235.5B |
| Profit (loss) attributable to owners | ¥189.4B | ¥222.5B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥256.9B | ¥280.1B |
| Current assets | ¥2.1T | ¥2.3T |
| Non-current assets | ¥5.9T | ¥6.3T |
| Total assets | ¥8.0T | ¥8.6T |
| Short-term borrowings | ¥201.7B | ¥188.2B |
| Current liabilities | ¥913.0B | ¥1.2T |
| Non-current liabilities* | ¥4.3T | ¥4.5T |
| Total liabilities | ¥5.3T | ¥5.7T |
| 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 | ¥324.1B | ¥508.9B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | ¥12.9B | -¥39.8B |
| Net increase (decrease) in cash | -¥18.9B | ¥23.2B |
| Cash at end of period | ¥256.9B | ¥280.1B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Operating profit | ¥253.7B | ¥271.8B | ¥241.2B | ¥263.0B | ¥273.1B | |
| Profit to owners | — | — | — | ¥189.4B | ¥222.5B | |
| Total assets | ¥6.5T | ¥6.9T | ¥7.6T | ¥8.0T | ¥8.6T | |
| Cash & equivalents | — | — | ¥276.0B | ¥256.9B | ¥280.1B | |
| Owners’ equity | ¥2.2T | ¥2.4T | ¥2.6T | ¥2.7T | ¥2.9T |
How we read these numbers
From the notes
| Item | Amount | Note |
|---|---|---|
| Affiliates stock valuation loss | -¥26.3B | Parent-company special loss (特別損失) |
| Parent special losses (total) | -¥26.3B | Sum of 特別損失 on the parent-company statement |
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from — to —, while operating profit swung from ¥309.2B to ¥329.7B — the damage is concentrated below gross profit.
The notes flag material one-offs this year, including Affiliates stock valuation loss ¥26.3B, Parent special losses (total) ¥26.3B. Treat these as discrete charges when reading the earnings move.
The parent-company income statement also shows material special losses (valuation, spin-off, and affiliate support items).
Operating cash flow was ¥508.9B (prior ¥324.1B), with cash on the balance sheet at ¥280.1B versus ¥256.9B.
The balance sheet got heavier on leverage. Total liabilities rose to ¥5.7T while owners’ equity fell to —. ROE moved from 7.6% to 8.5%, and the equity ratio from 32.1% to 31.4%. Employee count is 11,659 vs 11,412 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 32.1% to 31.4%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YBLA
(三菱地所株式会社), period end 2026-03-31.