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Japan's largest real estate developer, active in office, residential, retail (LaLaport malls) and hotels.
Japan's largest real estate developer, active in office, residential, retail (LaLaport malls) and hotels.
Rents from owned offices, shopping malls and warehouses provide steady income, while condominium sales and sales of finished buildings to investors add profit that varies year to year. It also earns fees from managing and brokering property. Part of the Mitsui group, it has been building overseas, mainly in the US and Asia.
In one line: A diversified Japanese Simon Property + Related Companies.
Moat: narrow (scale, brand, installed base). Largest, most diversified Japanese developer with strong brand across property types.
Headquarters: Tokyo, Japan · Founded: 1941 · Employees: 27,704
Size Mitsui Fudosan (8801.T) is a Japan Real Estate company (Real Estate Development) with a market value of $27.4B, the 59th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,612 on 6 Nov 2026.
Performance Over six months the shares fell 5.4%, against -5.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 9.8% over the last twelve months (peer median +5.9%); the operating margin is 13.5% (peer median 24.6%).
Valuation It trades at 14.9× forward earnings against a peer median of 16.5× (10th cheapest of 21).
Credit Mitsui Fudosan has 2 bonds outstanding ($800M), rated A- by the agencies and trading like BBB at a weighted spread of 86 bp.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.52T | ¥2.71T | ¥2.63T | ¥2.38T | ¥2.27T |
| Revenue growth | — | +3% | +10% | +5% | — |
| Gross profit | ¥621B | ¥675B | ¥635B | ¥593B | ¥527B |
| EBITDA | ¥494B | ¥549B | ¥513B | ¥473B | ¥431B |
| Net income | ¥230B | ¥279B | ¥249B | ¥225B | ¥197B |
| Free cash flow | n/a | -¥91.1B | ¥328B | ¥20.9B | -¥65.0B |
| Capital expenditure | n/a | ¥236B | ¥271B | ¥221B | ¥363B |
| Total debt | ¥5.09T | ¥4.83T | ¥4.63T | ¥4.57T | ¥4.19T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Mitsui Fudosan 8801.T | $27.4B | -5% | -10% | 14% | 14.9× | n/a |
| Mitsubishi Estate 8802.T | $29.5B | -12% | +17% | 21% | 19.2× | n/a |
| Sumitomo Realty & Development C 8830.T | $18.8B | -34% | +5% | 29% | 12.8× | n/a |
| Sekisui House 1928.T | $14.1B | +2% | -2% | 9% | 10.0× | -5.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8801.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.5% | +7.9% | 4th highest of 21 |
| 6-month return | -5.4% | -5.1% | 11th highest of 21 |
| Distance from 52-week high | -24.5% | -13.4% | 4th lowest of 21 |
| Revenue growth (TTM) | -9.8% | +5.9% | 7th lowest of 21 |
| Operating margin | 13.5% | 24.6% | 6th lowest of 21 |
| Forward P/E | 14.9× | 16.5× | 10th cheapest of 21 |
| Bond spread | 86 bp | 103 bp | 5th tightest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mitsui Fudosan 8801.T | Japan | $27.4B | -5% | -10% | 14% | 14.9× | n/a | n/a |
| China Res Land 1109.HK | Hong Kong | $29.1B | -7% | -12% | 16% | 8.9× | n/a | n/a |
| Mitsubishi Estate 8802.T | Japan | $29.5B | -12% | +17% | 21% | 19.2× | n/a | n/a |
| CK Asset 1113.HK | Hong Kong | $21.9B | -3% | +48% | 15% | 12.8× | n/a | n/a |
| KE Holdings, Inc. Class A 2423.HK | Hong Kong | $21.4B | +3% | -11% | 6% | 16.8× | n/a | n/a |
| DLF DLF.NS | India | $19.7B | +22% | -29% | 13% | 38.3× | n/a | n/a |
| Swire Properties 1972.HK | Hong Kong | $19.4B | +4% | +6% | 49% | 18.3× | n/a | n/a |
| CBRE CBRE | United States | $39.1B | -7% | +14% | 3% | 16.3× | n/a | n/a |
| Sumitomo Realty & Development C 8830.T | Japan | $18.8B | -34% | +5% | 29% | 12.8× | n/a | n/a |
| China Overseas 0688.HK | Hong Kong | $18.4B | -13% | +4% | 11% | 10.2× | n/a | n/a |
| Henderson Land 0012.HK | Hong Kong | $18.3B | -12% | +46% | 20% | 17.2× | n/a | n/a |
| Hongkong Land H78.SI | Singapore | $17.7B | -1% | -25% | 23% | 20.9× | n/a | n/a |
| Shk Ppt 0016.HK | Hong Kong | $43.5B | -18% | +17% | 26% | 14.1× | n/a | n/a |
| Jones Lang LaSalle JLL | United States | $16.9B | +12% | +11% | 5% | 13.4× | n/a | n/a |
| Vonovia VNA.DE | Germany | $16.1B | -24% | -17% | 40% | 9.4× | n/a | n/a |
| Swiss Prime Site SPSN.SW | Switzerland | $13.0B | +1% | -12% | 76% | 31.7× | n/a | n/a |
| Sino Land 0083.HK | Hong Kong | $12.8B | -20% | +15% | 34% | 20.4× | n/a | n/a |
| Wharf Reic 1997.HK | Hong Kong | $12.6B | +24% | -1% | 73% | 14.8× | n/a | n/a |
| Lodha Developers LODHA.NS | India | $12.5B | +22% | +21% | 31% | 27.0× | n/a | n/a |
| China Res Mixc 1209.HK | Hong Kong | $12.1B | -14% | +10% | 28% | 18.4× | n/a | n/a |
| Klepierre LI.PA | France | $11.6B | +8% | +3% | 63% | 13.1× | n/a | n/a |
Mitsui Fudosan has 2 bonds outstanding with $800M face value. The agencies rate it A-; its bonds trade like BBB. Weighted yield 5.51%, a spread of 86 bp over government bonds.