TYO/8964 (TYO/8964)

Tokyo Stock Exchange: TYO/8964 · JPY

¥73,000

-700.15 (-0.9%)· Recorded snapshot

Market cap	197.5B
Revenue (ttm)	24.4B
Net income (ttm)	11.9B
EPS (ttm)	¥4,398
Shares out	2.7M
P/E (trailing)	16.6x
Dividend	¥4,460 (6.11%)
Volume	9,944
Beta	0.14

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 24.4B
Net income (ttm): 11.9B
EPS (ttm): ¥4,398
P/E (trailing): 16.6x
Market cap: 197.5B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/E16.6

P25 n/aP50 n/aP75 n/a

ROE6.8

P25 n/aP50 n/aP75 n/a

ROIC4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.8%

Nasdaq Composite-1.0%

Dow Jones Industrial Average+1.9%

Russell 2000+0.3%

All TYO/8964 indicators

Market & fundamental data

Available fields

219

Groups with data

Currency

JPY

Showing 219 of 219 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	JPY
Country	Japan
Country code	JP
Earnings date	2026-11-16
Employees	26
Enterprise value	JPY 342.3B
Exchange	Tokyo Stock Exchange
Financial currency	JPY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	June
Founded	2004
Industry	REIT - Retail
Is primary listing	Yes
ISIN number	JP3046200006
Last earnings date	2026-08-17
Last refreshed	2026-10-28
Last stock split date	2024-12-27
Last stock split type	Forward
Market cap	JPY 197.5B
Next earnings date	2026-11-16
Price	JPY 73,000.00
Price currency	JPY
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	tyo/8964
Website	https://www.frontier-reit.co.jp/

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	23.37x
Average P/E ratio (3Y)	25.94x
Average P/E ratio (5Y)	24.73x
Earnings yield	6.02%
EV/Earnings	28.77x
EV/EBIT	26.2x
EV/EBITDA	19.82x
EV/Sales	14x
Graham number	80143.9786
Graham upside	9.79%
Industry P/E	17.66x
Lynch fair value	JPY 21,990.43
Lynch upside	-69.88%
P/B ratio	1.12x
P/E ratio	16.6x
P/OCF ratio	12.19x
P/S ratio	8.08x
Price / tangible book value	1.14x
Price/EBITDA ratio	11.43x
Sector P/E	13.61x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	53.43%
EBITDA margin	70.66%
Effective tax rate	0.02%
Gross margin	54.68%
Operating margin	53.43%
Pretax margin	48.67%
Profit margin	48.66%
Profit per employee	JPY 457.6M
Profitable quarters	26
Profitable years	19
Revenue per employee	JPY 940.3M
ROA	2.32%
ROA (5Y)	2.16%
ROCE	3.88%
ROE	6.78%
ROE (5Y)	6.24%
ROIC	3.97%
ROIC (5Y)	3.81%
Tax / revenue	0.01%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	102.27%
EPS growth (QoQ)	1.39%
EPS growth 10Y	1.63%
EPS growth 3Y	-0.82%
EPS growth 5Y	0.74%
EPS growth quarters	1
EPS growth years	0
Net income growth	102.27%
Net income growth (QoQ)	1.39%
Net income growth 3Y	-0.82%
Net income growth 5Y	1.9%
Net income growth quarters	1
Net income growth years	0
OCF growth	117.9%
OCF growth (QoQ)	-18.61%
OCF growth 10Y	-3.53%
OCF growth 3Y	-12.48%
OCF growth 5Y	0.94%
Revenue growth	108.45%
Revenue growth (QoQ)	2.14%
Revenue growth 10Y	1.98%
Revenue growth 3Y	2.11%
Revenue growth 5Y	2.5%
Revenue growth quarters	1
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
EBIT	JPY 13.1B
EBITDA	JPY 17.3B
EPS	JPY 4,398.09
Financing cash flow	JPY 4.1B
Funds from operations (FFO)	JPY 16.1B
Gross profit	JPY 13.4B
Income taxes	JPY 2.4M
Investing cash flow	JPY -24.1B
Net cash flow	JPY -3.8B
Net income	JPY 11.9B
Operating income	JPY 13.1B
Revenue	JPY 24.4B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	JPY 64,907.62
Debt / EBITDA	8.9
Debt / equity	0.88
Interest coverage	11.31
Net cash (debt)	JPY -144.9B
Net cash / market cap	-73.36%
Net debt / EBITDA	8.39
Net debt / equity	0.83
Piotroski F-Score	5
Property, plant and equipment	JPY 344.4B
Shareholders' equity	JPY 175.6B
Tangible book value	JPY 173.9B
Tangible book value per share	JPY 64,293.68
Total assets	JPY 360.4B
Total cash	JPY 8.8B
Total debt	JPY 153.7B
Total liabilities	JPY 184.8B
WACC	3.15%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.07
Current ratio	0.61
Net working capital	JPY 1.4B
Quick ratio	0.38
Working capital	JPY -9.2B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend growth	0.77%
Dividend growth (10Y)	1.24%
Dividend growth (3Y)	0.78%
Dividend growth (5Y)	0.41%
Dividend growth years	0
Dividend payment date	2027-03-10
Dividend payment years	23
Dividend payout frequency	Semi-Annual
Dividend per share	JPY 4,460.00
Dividend yield	6.11%
Ex-dividend date	2026-12-29
Last dividend	JPY 2,220.00
Payout ratio	100.04%
Shareholder yield	6.11%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-25.28%
10Y return CAGR	1.85%
10Y total return	20.08%
150-day SMA	JPY 80,790.67
15Y price change	8.47%
15Y return CAGR	5.27%
15Y total return	116.07%
1D price change	-0.95%
1M price change	-3.95%
1M total return	-3.95%
1W price change	1.11%
1W total return	1.11%
1Y price change	-19.69%
1Y return CAGR	-15.52%
1Y total return	-15.51%
20-day SMA	JPY 73,040.00
200-day SMA	JPY 83,457.00
20Y price change	-20.82%
20Y return CAGR	3.61%
20Y total return	103.19%
3M price change	-12.05%
3M total return	-12.05%
3Y price change	-19.25%
3Y return CAGR	-1.95%
3Y total return	-5.74%
50-day SMA	JPY 75,676.00
50-day SMA vs 200-day SMA	50under200
52-week high	JPY 95,900.00
52-week high date	2025-11-27
52-week low	JPY 71,700.00
52-week low date	2026-10-22
5Y price change	-27.29%
5Y return CAGR	-1.52%
5Y total return	-7.37%
6M price change	-16.09%
6M total return	-13.76%
All-time high	JPY 134,000.00
All-time high date	2007-05-24
All-time low	JPY 42,800.00
All-time low date	2008-10-07
Average true range (ATR)	JPY 989.99
Average volume	8.3K
Beta (1Y)	0.09
Beta (2Y)	0.11
Beta (5Y)	0.14
Change from 52-week high	-23.88%
Change from 52-week low	1.81%
Change from all-time high	-45.52%
Change from all-time low	70.56%
Change from open	-0.68%
Day's gap	-0.27%
Dollar volume	JPY 725.9M
High price	JPY 73,600.00
Low price	JPY 72,400.00
Monthly RSI	31.54
Open price	JPY 73,500.00
Position in 52-week range	50%
Previous close	JPY 73,700.00
Price vs 150-day SMA	-9.64%
Price vs 20-day SMA	-0.05%
Price vs 200-day SMA	-12.53%
Price vs 50-day SMA	-3.54%
Relative volume	1.22
RSI	43.26
Sharpe ratio	-1.32
Sharpe ratio (3Y)	-0.49
Sharpe ratio (5Y)	-0.23
Sortino ratio	-1.36
Sortino ratio (3Y)	-0.26
Sortino ratio (5Y)	0.06
Volume	9.9K
Weekly RSI	26.96
YTD price change	-21.51%
YTD total return	-19.33%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	2.6M
Shares change (QoQ)	0%
Shares held by institutions	51.9%
Shares outstanding	2.7M

Deeper analysis on TYO/8964

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this TYO/8964 report

Is a complete TYO/8964 research report available?

No complete published report is available for tyo/8964 (TYO/8964) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

197.5B

Revenue (ttm)

24.4B

Net income (ttm)

11.9B

EPS (ttm)

¥4,398

Shares out

2.7M

P/E (trailing)

16.6x

Dividend

¥4,460 (6.11%)

Volume

9,944

Beta

0.14

Metric

Value

Amount currency

JPY

Country

Japan

Country code

Earnings date

2026-11-16

Employees

Enterprise value

JPY 342.3B

Exchange

Tokyo Stock Exchange

Financial currency

JPY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

June

Founded

2004

Industry

REIT - Retail

Is primary listing

Yes

ISIN number

JP3046200006

Last earnings date

2026-08-17

Last refreshed

2026-10-28

Last stock split date

2024-12-27

Last stock split type

Forward

Market cap

JPY 197.5B

Next earnings date

2026-11-16

Price

JPY 73,000.00

Price currency

JPY

Sector

Real Estate

SIC code

6798

Stock price date

2026-10-28

Symbol

tyo/8964

Website

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

Metric

Value

Average P/E ratio (10Y)

23.37x

Average P/E ratio (3Y)

25.94x

Average P/E ratio (5Y)

24.73x

Earnings yield

6.02%

EV/Earnings

28.77x

EV/EBIT

26.2x

EV/EBITDA

19.82x

EV/Sales

14x

Graham number

80143.9786

Graham upside

9.79%

Industry P/E

17.66x

Lynch fair value

JPY 21,990.43

Lynch upside

-69.88%

P/B ratio

1.12x

P/E ratio

16.6x

P/OCF ratio

12.19x

P/S ratio

8.08x

Price / tangible book value

1.14x

Price/EBITDA ratio

11.43x

Sector P/E

13.61x

Metric

Value

EBIT margin

53.43%

EBITDA margin

70.66%

Effective tax rate

0.02%

Gross margin

54.68%

Operating margin

53.43%

Pretax margin

48.67%

Profit margin

48.66%

Profit per employee

JPY 457.6M

Profitable quarters

Profitable years

Revenue per employee

JPY 940.3M

ROA

2.32%

ROA (5Y)

2.16%

ROCE

3.88%

ROE

6.78%

ROE (5Y)

6.24%

ROIC

3.97%

ROIC (5Y)

3.81%

Tax / revenue

0.01%

Metric

Value

EPS growth

102.27%

EPS growth (QoQ)

1.39%

EPS growth 10Y

1.63%

EPS growth 3Y

-0.82%

EPS growth 5Y

0.74%

EPS growth quarters

EPS growth years

Net income growth

102.27%

Net income growth (QoQ)

1.39%

Net income growth 3Y

-0.82%

Net income growth 5Y

1.9%

Net income growth quarters

Net income growth years

OCF growth

117.9%

OCF growth (QoQ)

-18.61%

OCF growth 10Y

-3.53%

OCF growth 3Y

-12.48%

OCF growth 5Y

0.94%

Revenue growth

108.45%

Revenue growth (QoQ)

2.14%

Revenue growth 10Y

1.98%

Revenue growth 3Y

2.11%

Revenue growth 5Y

2.5%

Revenue growth quarters

Revenue growth years

Metric

Value

EBIT

JPY 13.1B

EBITDA

JPY 17.3B

EPS

JPY 4,398.09

Financing cash flow

JPY 4.1B

Funds from operations (FFO)

JPY 16.1B

Gross profit

JPY 13.4B

Income taxes

JPY 2.4M

Investing cash flow

JPY -24.1B

Net cash flow

JPY -3.8B

Net income

JPY 11.9B

Operating income

JPY 13.1B

Revenue

JPY 24.4B

Metric

Value

Book value per share

JPY 64,907.62

Debt / EBITDA

8.9

Debt / equity

0.88

Interest coverage

11.31

Net cash (debt)

JPY -144.9B

Net cash / market cap

-73.36%

Net debt / EBITDA

8.39

Net debt / equity

0.83

Piotroski F-Score

Property, plant and equipment

JPY 344.4B

Shareholders' equity

JPY 175.6B

Tangible book value

JPY 173.9B

Tangible book value per share

JPY 64,293.68

Total assets

JPY 360.4B

Total cash

JPY 8.8B

Total debt

JPY 153.7B

Total liabilities

JPY 184.8B

WACC

3.15%

Metric

Value

Asset turnover

0.07

Current ratio

0.61

Net working capital

JPY 1.4B

Quick ratio

0.38

Working capital

JPY -9.2B

Metric

Value

Dividend growth

0.77%

Dividend growth (10Y)

1.24%

Dividend growth (3Y)

0.78%

Dividend growth (5Y)

0.41%

Dividend growth years

Dividend payment date

2027-03-10

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

JPY 4,460.00

Dividend yield

6.11%

Ex-dividend date

2026-12-29

Last dividend

JPY 2,220.00

Payout ratio

100.04%

Shareholder yield

6.11%

Metric

Value

10Y price change

-25.28%

10Y return CAGR

1.85%

10Y total return

20.08%

150-day SMA

JPY 80,790.67

15Y price change

8.47%

15Y return CAGR

5.27%

15Y total return

116.07%

1D price change

-0.95%

1M price change

-3.95%

1M total return

-3.95%

1W price change

1.11%

1W total return

1.11%

1Y price change

-19.69%

1Y return CAGR

-15.52%

1Y total return

-15.51%

20-day SMA

JPY 73,040.00

200-day SMA

JPY 83,457.00

20Y price change

-20.82%

20Y return CAGR

3.61%

20Y total return

103.19%

3M price change

-12.05%

3M total return

-12.05%

3Y price change

-19.25%

3Y return CAGR

-1.95%

3Y total return

-5.74%

50-day SMA

JPY 75,676.00

50-day SMA vs 200-day SMA

50under200

52-week high

JPY 95,900.00

52-week high date

2025-11-27

52-week low

JPY 71,700.00

52-week low date

2026-10-22

5Y price change

-27.29%

5Y return CAGR

-1.52%

5Y total return

-7.37%

6M price change

-16.09%

6M total return

-13.76%

All-time high

JPY 134,000.00

All-time high date

2007-05-24

All-time low

JPY 42,800.00

All-time low date

2008-10-07

Average true range (ATR)

JPY 989.99

Average volume

8.3K

Beta (1Y)

0.09

Beta (2Y)

0.11

Beta (5Y)

0.14

Change from 52-week high

-23.88%

Change from 52-week low

1.81%

Change from all-time high

-45.52%

Change from all-time low

70.56%

Change from open

-0.68%

Day's gap

-0.27%

Dollar volume

JPY 725.9M

High price

JPY 73,600.00

Low price

JPY 72,400.00

Monthly RSI

31.54

Open price

JPY 73,500.00

Position in 52-week range

50%

Previous close

JPY 73,700.00

Price vs 150-day SMA

-9.64%

Price vs 20-day SMA

-0.05%

Price vs 200-day SMA

-12.53%

Price vs 50-day SMA

-3.54%

Relative volume

1.22

RSI

43.26

Sharpe ratio

-1.32

Sharpe ratio (3Y)

-0.49

Sharpe ratio (5Y)

-0.23

Sortino ratio

-1.36

Sortino ratio (3Y)

-0.26

Sortino ratio (5Y)

0.06

Volume

9.9K

Weekly RSI

26.96

YTD price change

-21.51%

YTD total return

-19.33%

Metric

Value

Float

2.6M

Shares change (QoQ)

Shares held by institutions

51.9%

Shares outstanding

2.7M

TYO/8964 (TYO/8964)

Price

Financial snapshot

Fair-value bridge

Latest news · TYO/8964

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TYO/8964 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/8964

Frequently asked questions

TYO/8964 (TYO/8964)

Price

Financial snapshot

Fair-value bridge

Latest news · TYO/8964

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TYO/8964 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/8964

Frequently asked questions