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TYO/3481 (TYO/3481)

Tokyo Stock Exchange: TYO/3481 · JPY

¥105,400

-2096.18 (-1.9%)· Recorded snapshot

Market cap	156.5B
Revenue (ttm)	16.9B
Net income (ttm)	8.1B
EPS (ttm)	¥5,485
Shares out	1.5M
P/E (trailing)	19.2x
Dividend	¥5,873 (5.57%)
Volume	5,708
Beta	0.24

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	JPY
Country	Japan
Country code	JP
Earnings date	2026-10-19
Enterprise value	JPY 274.7B
Exchange	Tokyo Stock Exchange
Financial currency	JPY
Financial report date	2026-08-31
First seen	2026-05-10
Fiscal year end	August
Founded	2016
Industry	REIT - Industrial
Is primary listing	Yes
ISIN number	JP3048480002
Last earnings date	2026-10-19
Last refreshed	2026-10-28
Last stock split date	2025-02-27
Last stock split type	Forward
Market cap	JPY 156.5B
Next earnings date	2026-11-26
Price	JPY 105,400.00
Price currency	JPY
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	tyo/3481
Website	https://www.mel-reit.co.jp

Metric

Value

Amount currency

JPY

Country

Japan

Country code

Earnings date

2026-10-19

Enterprise value

JPY 274.7B

Exchange

Tokyo Stock Exchange

Financial currency

JPY

Financial report date

2026-08-31

First seen

2026-05-10

Fiscal year end

August

Founded

2016

Industry

REIT - Industrial

Is primary listing

Yes

ISIN number

JP3048480002

Last earnings date

2026-10-19

Last refreshed

2026-10-28

Last stock split date

2025-02-27

Last stock split type

Forward

Market cap

JPY 156.5B

Next earnings date

2026-11-26

Price

JPY 105,400.00

Price currency

JPY

Sector

Real Estate

SIC code

6798

Stock price date

2026-10-28

Symbol

tyo/3481

Website

https://www.mel-reit.co.jp

Metric	Value
Average P/E ratio (10Y)	31.15x
Average P/E ratio (3Y)	22.41x
Average P/E ratio (5Y)	27.6x
Earnings yield	5.2%
EV/Earnings	33.72x
EV/EBIT	30.14x
EV/EBITDA	23.01x
EV/Sales	16.23x
Graham number	113903.91066
Graham upside	8.07%
Industry P/E	20.72x
Lynch fair value	JPY 70,363.57
Lynch upside	-33.24%
P/B ratio	1x
P/E ratio	19.22x
P/OCF ratio	10.96x
P/S ratio	9.25x
Price / tangible book value	1x
Price/EBITDA ratio	13.11x
Sector P/E	13.74x

Metric

Value

Average P/E ratio (10Y)

31.15x

Average P/E ratio (3Y)

22.41x

Average P/E ratio (5Y)

27.6x

Earnings yield

5.2%

EV/Earnings

33.72x

EV/EBIT

30.14x

EV/EBITDA

23.01x

EV/Sales

16.23x

Graham number

113903.91066

Graham upside

8.07%

Industry P/E

20.72x

Lynch fair value

JPY 70,363.57

Lynch upside

-33.24%

P/B ratio

P/E ratio

19.22x

P/OCF ratio

10.96x

P/S ratio

9.25x

Price / tangible book value

Price/EBITDA ratio

13.11x

Sector P/E

13.74x

Metric	Value
EBIT margin	53.85%
EBITDA margin	70.52%
Effective tax rate	0.02%
Gross margin	56.94%
Operating margin	53.85%
Pretax margin	48.14%
Profit margin	48.13%
Profitable quarters	20
Profitable years	10
ROA	1.98%
ROA (5Y)	1.97%
ROCE	3.34%
ROE	5.21%
ROE (5Y)	4.99%
ROIC	3.27%
ROIC (5Y)	3.25%
Tax / revenue	0.01%

Metric

Value

EBIT margin

53.85%

EBITDA margin

70.52%

Effective tax rate

0.02%

Gross margin

56.94%

Operating margin

53.85%

Pretax margin

48.14%

Profit margin

48.13%

Profitable quarters

Profitable years

ROA

1.98%

ROA (5Y)

1.97%

ROCE

3.34%

ROE

5.21%

ROE (5Y)

4.99%

ROIC

3.27%

ROIC (5Y)

3.25%

Tax / revenue

0.01%

Metric	Value
EPS growth	-4.03%
EPS growth (Q)	13.63%
EPS growth (QoQ)	10.99%
EPS growth 3Y	5.51%
EPS growth 5Y	6.38%
EPS growth quarters	1
EPS growth years	0
Net income growth	-5.29%
Net income growth (Q)	12.57%
Net income growth (QoQ)	10.99%
Net income growth 3Y	5.49%
Net income growth 5Y	12.83%
Net income growth quarters	1
Net income growth years	0
OCF growth	2.4%
OCF growth (Q)	82.81%
OCF growth (QoQ)	36.32%
OCF growth 3Y	5.38%
OCF growth 5Y	18.62%
Revenue growth	-1.31%
Revenue growth (Q)	9.09%
Revenue growth (QoQ)	7.59%
Revenue growth 3Y	4.91%
Revenue growth 5Y	13.07%
Revenue growth quarters	1
Revenue growth years	9

Metric

Value

EPS growth

-4.03%

EPS growth (Q)

13.63%

EPS growth (QoQ)

10.99%

EPS growth 3Y

5.51%

EPS growth 5Y

6.38%

EPS growth quarters

EPS growth years

Net income growth

-5.29%

Net income growth (Q)

12.57%

Net income growth (QoQ)

10.99%

Net income growth 3Y

5.49%

Net income growth 5Y

12.83%

Net income growth quarters

Net income growth years

OCF growth

2.4%

OCF growth (Q)

82.81%

OCF growth (QoQ)

36.32%

OCF growth 3Y

5.38%

OCF growth 5Y

18.62%

Revenue growth

-1.31%

Revenue growth (Q)

9.09%

Revenue growth (QoQ)

7.59%

Revenue growth 3Y

4.91%

Revenue growth 5Y

13.07%

Revenue growth quarters

Revenue growth years

Metric	Value
EBIT	JPY 9.1B
EBITDA	JPY 11.9B
EPS	JPY 5,485.00
Financing cash flow	JPY -8.4B
Gross profit	JPY 9.6B
Income taxes	JPY 1.8M
Investing cash flow	JPY -5.5B
Net cash flow	JPY 436.3M
Net income	JPY 8.1B
Operating income	JPY 9.1B
Revenue	JPY 16.9B

Metric

Value

EBIT

JPY 9.1B

EBITDA

JPY 11.9B

EPS

JPY 5,485.00

Financing cash flow

JPY -8.4B

Gross profit

JPY 9.6B

Income taxes

JPY 1.8M

Investing cash flow

JPY -5.5B

Net cash flow

JPY 436.3M

Net income

JPY 8.1B

Operating income

JPY 9.1B

Revenue

JPY 16.9B

Metric	Value
Book value per share	JPY 105,127.91
Debt / EBITDA	10.29
Debt / equity	0.79
Interest coverage	9.37
Net cash (debt)	JPY -118.1B
Net cash / market cap	-75.48%
Net debt / EBITDA	9.9
Net debt / equity	0.76
Piotroski F-Score	5
Property, plant and equipment	JPY 271.5B
Shareholders' equity	JPY 156.1B
Tangible book value	JPY 156.1B
Tangible book value per share	JPY 105,123.86
Total assets	JPY 287.4B
Total cash	JPY 4.6B
Total debt	JPY 122.8B
Total liabilities	JPY 131.3B
WACC	3.46%

Metric

Value

Book value per share

JPY 105,127.91

Debt / EBITDA

10.29

Debt / equity

0.79

Interest coverage

9.37

Net cash (debt)

JPY -118.1B

Net cash / market cap

-75.48%

Net debt / EBITDA

9.9

Net debt / equity

0.76

Piotroski F-Score

Property, plant and equipment

JPY 271.5B

Shareholders' equity

JPY 156.1B

Tangible book value

JPY 156.1B

Tangible book value per share

JPY 105,123.86

Total assets

JPY 287.4B

Total cash

JPY 4.6B

Total debt

JPY 122.8B

Total liabilities

JPY 131.3B

WACC

3.46%

Metric	Value
Asset turnover	0.06
Current ratio	0.94
Net working capital	JPY 6.4B
Quick ratio	0.32
Working capital	JPY -883.1M

Metric

Value

Asset turnover

0.06

Current ratio

0.94

Net working capital

JPY 6.4B

Quick ratio

0.32

Working capital

JPY -883.1M

Metric	Value
Buyback yield / dilution	1.31%
Dividend growth	-51.81%
Dividend growth (3Y)	4.92%
Dividend growth (5Y)	5.94%
Dividend growth years	7
Dividend payment date	2026-11-24
Dividend payment years	9
Dividend payout frequency	Semi-Annual
Dividend per share	JPY 5,873.00
Dividend yield	5.57%
Ex-dividend date	2026-08-28
Last dividend	JPY 3,117.00
Payout ratio	103.26%
Shareholder yield	6.88%

Metric

Value

Buyback yield / dilution

1.31%

Dividend growth

-51.81%

Dividend growth (3Y)

4.92%

Dividend growth (5Y)

5.94%

Dividend growth years

Dividend payment date

2026-11-24

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

JPY 5,873.00

Dividend yield

5.57%

Ex-dividend date

2026-08-28

Last dividend

JPY 3,117.00

Payout ratio

103.26%

Shareholder yield

6.88%

Metric	Value
150-day SMA	JPY 119,048.00
1D price change	-1.95%
1M price change	-6.23%
1M total return	-6.23%
1W price change	-1.03%
1W total return	-1.03%
1Y price change	-15.27%
1Y return CAGR	-11.13%
1Y total return	-11.12%
20-day SMA	JPY 107,785.00
200-day SMA	JPY 122,341.50
3M price change	-15.61%
3M total return	-13.36%
3Y price change	-17.76%
3Y return CAGR	-1.63%
3Y total return	-4.82%
50-day SMA	JPY 112,220.00
50-day SMA vs 200-day SMA	50under200
52-week high	JPY 138,400.00
52-week high date	2026-01-19
52-week low	JPY 105,000.00
52-week low date	2026-10-20
5Y price change	-35.14%
5Y return CAGR	-4.24%
5Y total return	-19.46%
6M price change	-14.66%
6M total return	-12.38%
All-time high	JPY 176,666.67
All-time high date	2021-12-29
All-time low	JPY 77,700.00
All-time low date	2018-12-25
Average true range (ATR)	JPY 1,417.88
Average volume	4.3K
Beta (1Y)	0.14
Beta (2Y)	0.19
Beta (5Y)	0.24
Change from 52-week high	-23.84%
Change from 52-week low	0.38%
Change from all-time high	-40.34%
Change from all-time low	35.65%
Change from open	-1.95%
Day's gap	0%
Dollar volume	JPY 601.6M
High price	JPY 107,500.00
Low price	JPY 105,400.00
Monthly RSI	32.2
Open price	JPY 107,500.00
Position in 52-week range	0%
Previous close	JPY 107,500.00
Price vs 150-day SMA	-11.46%
Price vs 20-day SMA	-2.21%
Price vs 200-day SMA	-13.85%
Price vs 50-day SMA	-6.08%
Relative volume	1.37
RSI	30.99
Sharpe ratio	-0.92
Sharpe ratio (3Y)	-0.33
Sharpe ratio (5Y)	-0.52
Sortino ratio	-0.82
Sortino ratio (3Y)	-0.06
Sortino ratio (5Y)	-0.37
Volume	5.7K
Weekly RSI	22.55
YTD price change	-20.69%
YTD total return	-16.8%

Metric

Value

150-day SMA

JPY 119,048.00

1D price change

-1.95%

1M price change

-6.23%

1M total return

-6.23%

1W price change

-1.03%

1W total return

-1.03%

1Y price change

-15.27%

1Y return CAGR

-11.13%

1Y total return

-11.12%

20-day SMA

JPY 107,785.00

200-day SMA

JPY 122,341.50

3M price change

-15.61%

3M total return

-13.36%

3Y price change

-17.76%

3Y return CAGR

-1.63%

3Y total return

-4.82%

50-day SMA

JPY 112,220.00

50-day SMA vs 200-day SMA

50under200

52-week high

JPY 138,400.00

52-week high date

2026-01-19

52-week low

JPY 105,000.00

52-week low date

2026-10-20

5Y price change

-35.14%

5Y return CAGR

-4.24%

5Y total return

-19.46%

6M price change

-14.66%

6M total return

-12.38%

All-time high

JPY 176,666.67

All-time high date

2021-12-29

All-time low

JPY 77,700.00

All-time low date

2018-12-25

Average true range (ATR)

JPY 1,417.88

Average volume

4.3K

Beta (1Y)

0.14

Beta (2Y)

0.19

Beta (5Y)

0.24

Change from 52-week high

-23.84%

Change from 52-week low

0.38%

Change from all-time high

-40.34%

Change from all-time low

35.65%

Change from open

-1.95%

Day's gap

Dollar volume

JPY 601.6M

High price

JPY 107,500.00

Low price

JPY 105,400.00

Monthly RSI

32.2

Open price

JPY 107,500.00

Position in 52-week range

Previous close

JPY 107,500.00

Price vs 150-day SMA

-11.46%

Price vs 20-day SMA

-2.21%

Price vs 200-day SMA

-13.85%

Price vs 50-day SMA

-6.08%

Relative volume

1.37

RSI

30.99

Sharpe ratio

-0.92

Sharpe ratio (3Y)

-0.33

Sharpe ratio (5Y)

-0.52

Sortino ratio

-0.82

Sortino ratio (3Y)

-0.06

Sortino ratio (5Y)

-0.37

Volume

5.7K

Weekly RSI

22.55

YTD price change

-20.69%

YTD total return

-16.8%

Metric	Value
Float	1.4M
Shares change (QoQ)	0%
Shares change (YoY)	-1.31%
Shares held by institutions	52.14%
Shares outstanding	1.5M

Metric

Value

Float

1.4M

Shares change (QoQ)

Shares change (YoY)

-1.31%

Shares held by institutions

52.14%

Shares outstanding

1.5M

TYO/3481 (TYO/3481)

Price

Financial snapshot

Fair-value bridge

Latest news · TYO/3481

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TYO/3481 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TYO/3481

Frequently asked questions