Heiwa Real Estate REIT, Inc.
TSE:8966.T
135100 (JPY) • At close July 1, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) JPY.
| 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 | 2018 Q4 | 2018 Q2 | 2017 Q4 | 2017 Q2 | 2016 Q4 | 2016 Q2 | 2015 Q4 | 2015 Q2 | 2014 Q4 | 2014 Q2 | 2013 Q4 | 2013 Q2 | 2012 Q4 | 2012 Q2 | 2011 Q4 | 2011 Q2 | 2010 Q4 | 2010 Q2 | 2009 Q4 | 2009 Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 10,470.017 | 10,170.225 | 9,852.861 | 8,606.207 | 8,395.807 | 11,367.776 | 7,273.139 | 7,455.946 | 8,801.429 | 7,706.669 | 7,676.345 | 6,382.484 | 6,215.374 | 8,803.792 | 5,881.935 | 5,827.504 | 5,698.364 | 5,632.013 | 5,923.35 | 5,052 | 5,052 | 4,612.862 | 4,612.862 | 4,259.342 | 4,259.342 | 4,223.969 | 4,223.969 | 3,102.508 | 3,102.508 | 3,012.462 | 3,012.462 |
| Cost of Revenue
| 5,500.902 | 5,449.375 | 5,092.469 | 4,376.843 | 4,188.976 | 7,478.121 | 3,699.918 | 3,932.121 | 4,874.294 | 4,268.271 | 4,466.198 | 3,161.511 | 3,089.75 | 3,301.521 | 3,142.347 | 3,118.261 | 3,095.228 | 3,067.159 | 2,947.336 | 2,724 | 2,724 | 2,084.28 | 2,084.28 | 1,889.395 | 1,889.395 | 5,147.937 | 5,147.937 | 1,302.401 | 1,302.401 | 1,387.238 | 1,387.238 |
| Gross Profit
| 4,969.115 | 4,720.85 | 4,760.392 | 4,229.364 | 4,206.831 | 3,889.655 | 3,573.221 | 3,523.825 | 3,927.135 | 3,438.398 | 3,210.147 | 3,220.973 | 3,125.624 | 5,502.271 | 2,739.588 | 2,709.243 | 2,603.136 | 2,564.854 | 2,976.014 | 2,328 | 2,328 | 2,528.583 | 2,528.583 | 2,369.947 | 2,369.947 | -923.968 | -923.968 | 1,800.108 | 1,800.108 | 1,625.224 | 1,625.224 |
| Gross Profit Ratio
| 0.475 | 0.464 | 0.483 | 0.491 | 0.501 | 0.342 | 0.491 | 0.473 | 0.446 | 0.446 | 0.418 | 0.505 | 0.503 | 0.625 | 0.466 | 0.465 | 0.457 | 0.455 | 0.502 | 0.461 | 0.461 | 0.548 | 0.548 | 0.556 | 0.556 | -0.219 | -0.219 | 0.58 | 0.58 | 0.54 | 0.54 |
| Reseach & Development Expenses
| 0 | 0 | 0.075 | 0.067 | 0.286 | 0 | 0 | 0 | 0 | 0 | 1.249 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 0 | 31.041 | 31.097 | 30.92 | 29.582 | 29.68 | 29.855 | 28.642 | 34.321 | 41.785 | 28.613 | 59.696 | 58.02 | 61.402 | 60.79 | 61.959 | 59.771 | 61.967 | 62.952 | 75 | 75 | 490.83 | 490.83 | 470.581 | 470.581 | 473.728 | 473.728 | 383.484 | 383.484 | 360.404 | 360.404 |
| Selling & Marketing Expenses
| 0 | 0 | 0 | 977.525 | 966.69 | 0 | 0 | 0 | 0 | 0 | 915.209 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 295.134 | 31.041 | 31.097 | 30.92 | 29.582 | 29.68 | 29.855 | 28.642 | 34.321 | 41.785 | 943.822 | 59.696 | 58.02 | 61.402 | 60.79 | 61.959 | 59.771 | 61.967 | 62.952 | 75 | 75 | 490.83 | 490.83 | 470.581 | 470.581 | 473.728 | 473.728 | 383.484 | 383.484 | 360.404 | 360.404 |
| Other Expenses
| 0 | 178 | 0 | 0 | 0 | -288.423 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.243 | -1.243 | -160.433 | -160.433 | -117.62 | -117.62 | -149.34 | -149.34 | -92.017 | -92.017 |
| Operating Expenses
| 295.134 | 239 | 421.243 | 389.392 | 369.056 | 362.374 | 332.158 | 326.095 | 333.333 | 534.647 | 124.401 | 247.694 | 253.626 | 287.294 | 412.108 | 276.457 | 1,074.019 | 290.829 | 373.798 | 192 | 192 | 587.393 | 587.393 | 567.347 | 567.347 | 560.614 | 560.614 | 447.94 | 447.94 | 416.062 | 416.062 |
| Operating Income
| 4,673.981 | 4,460.905 | 4,472.884 | 3,998.973 | 4,001.947 | 3,601.232 | 3,353.597 | 3,309.056 | 3,677.474 | 3,206.436 | 2,506.482 | 3,036.265 | 2,942.499 | 5,305.716 | 2,557.294 | 2,521.795 | 2,426.723 | 2,394.52 | 2,787.152 | 2,149 | 2,149 | 1,941.188 | 1,941.188 | 1,802.597 | 1,802.597 | -1,484.584 | -1,484.584 | 1,352.166 | 1,352.166 | 1,209.16 | 1,209.16 |
| Operating Income Ratio
| 0.446 | 0.439 | 0.454 | 0.465 | 0.477 | 0.317 | 0.461 | 0.444 | 0.418 | 0.416 | 0.327 | 0.476 | 0.473 | 0.603 | 0.435 | 0.433 | 0.426 | 0.425 | 0.471 | 0.425 | 0.425 | 0.421 | 0.421 | 0.423 | 0.423 | -0.351 | -0.351 | 0.436 | 0.436 | 0.401 | 0.401 |
| Total Other Income Expenses Net
| -574.411 | -521.817 | -477.275 | -439.829 | -435.469 | -407.306 | -381.143 | -392.226 | -401.2 | 12.439 | 0.605 | -457.375 | -454.574 | -489.873 | -651.738 | -514.082 | -1,340.647 | -599.071 | -676.805 | -648 | -648 | -667.692 | -667.692 | -740.911 | -740.911 | -780.417 | -780.417 | 4,430.311 | 4,430.311 | -534.319 | -534.319 |
| Income Before Tax
| 4,099.57 | 3,939.088 | 3,995.609 | 3,559.144 | 3,566.478 | 3,193.926 | 2,972.454 | 2,916.83 | 3,276.274 | 2,788.925 | 0.002 | 2,578.89 | 2,487.925 | 4,815.843 | 1,905.556 | 2,007.713 | 1,086.076 | 1,795.449 | 2,110.347 | 1,501 | 1,501 | 1,273.497 | 1,273.497 | 1,061.687 | 1,061.687 | -2,265 | -2,265 | 5,782.477 | 5,782.477 | 674.841 | 674.841 |
| Income Before Tax Ratio
| 0.392 | 0.387 | 0.406 | 0.414 | 0.425 | 0.281 | 0.409 | 0.391 | 0.372 | 0.362 | 0 | 0.404 | 0.4 | 0.547 | 0.324 | 0.345 | 0.191 | 0.319 | 0.356 | 0.297 | 0.297 | 0.276 | 0.276 | 0.249 | 0.249 | -0.536 | -0.536 | 1.864 | 1.864 | 0.224 | 0.224 |
| Income Tax Expense
| 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.002 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0 | 0 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.605 | 0.827 | 0.827 | 0.806 | 0.806 |
| Net Income
| 4,098.965 | 1,969.242 | 3,995.004 | 3,558.539 | 3,565.873 | 3,193.321 | 2,971.849 | 2,916.225 | 3,275.669 | 2,788.32 | 1.015 | 2,578.285 | 2,487.32 | 4,815.238 | 1,904.951 | 2,007.108 | 1,085.471 | 1,794.844 | 2,109.742 | 1,501 | 1,501 | 1,272.892 | 1,272.892 | 1,061.082 | 1,061.082 | -2,265.605 | -2,265.605 | 5,781.65 | 5,781.65 | 674.035 | 674.035 |
| Net Income Ratio
| 0.391 | 0.194 | 0.405 | 0.413 | 0.425 | 0.281 | 0.409 | 0.391 | 0.372 | 0.362 | 0 | 0.404 | 0.4 | 0.547 | 0.324 | 0.344 | 0.19 | 0.319 | 0.356 | 0.297 | 0.297 | 0.276 | 0.276 | 0.249 | 0.249 | -0.536 | -0.536 | 1.864 | 1.864 | 0.224 | 0.224 |
| EPS
| 3,432.46 | 3,424.25 | 3,474.85 | 3,195.15 | 3,202.92 | 3,024.74 | 2,816.07 | 2,916.42 | 3,254.88 | 2,747.53 | 1 | 2,540.56 | 2,450.94 | 4,744.8 | 1,877.08 | 1,977.74 | 1,069.6 | 1,768.58 | 2,218.1 | 1,702.88 | 1,702.88 | 1,607.21 | 1,607.21 | 1,524.47 | 1,524.47 | -3,255.66 | -3,255.66 | 8,467 | 8,467 | 1,472.35 | 1,472.35 |
| EPS Diluted
| 3,432.46 | 3,424.25 | 3,474.85 | 3,195.15 | 3,202.92 | 3,024.74 | 2,816.07 | 2,916.42 | 3,254.88 | 2,747.53 | 1 | 2,540.56 | 2,450.94 | 4,744.8 | 1,877.08 | 1,977.74 | 1,069.6 | 1,768.58 | 2,218.1 | 1,702.88 | 1,702.88 | 1,606.5 | 1,606.5 | 1,524.47 | 1,524.47 | -3,255.66 | -3,255.66 | 8,467 | 8,467 | 1,472.35 | 1,472.35 |
| EBITDA
| 5,754.038 | 5,518.878 | 5,533.637 | 5,007.417 | 4,998.218 | 4,564.54 | 4,332.041 | 4,264.981 | 4,629.089 | 3,741.229 | 3,448.351 | 7,073.66 | 7,750.526 | 11,571.15 | 3,528.843 | 3,487.254 | 3,382.105 | 3,355.391 | 3,694.777 | 2,321.46 | 2,321.46 | 2,562.539 | 2,562.539 | 2,373.189 | 2,373.189 | -935.289 | -935.289 | 6,755.608 | 6,755.608 | 1,637.52 | 1,637.52 |
| EBITDA Ratio
| 0.55 | 0.543 | 0.562 | 0.582 | 0.595 | 0.402 | 0.596 | 0.572 | 0.526 | 0.485 | 0.449 | 1.108 | 1.247 | 1.314 | 0.6 | 0.598 | 0.594 | 0.596 | 0.624 | 0.46 | 0.46 | 0.556 | 0.556 | 0.557 | 0.557 | -0.221 | -0.221 | 2.177 | 2.177 | 0.544 | 0.544 |