| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 1467.08 | -33 |
| Graham Formula | 608.10 | -72 |
Daibiru Corporation is a leading Japanese real estate company specializing in the ownership, operation, and leasing of commercial and residential properties. Headquartered in Osaka, the company manages a diverse portfolio of 29 properties, including prime office buildings, hotel complexes, and retail spaces in key urban centers like Tokyo, Osaka, and Sapporo. Additionally, Daibiru develops and leases student dormitories, corporate housing, and family condominiums, catering to a broad demographic. The company also provides ancillary services such as facility management, cleaning, security, and real estate brokerage. As a subsidiary of Mitsui O.S.K. Lines, Ltd., Daibiru benefits from strong corporate backing and financial stability. Operating in Japan's competitive real estate services sector, Daibiru stands out for its strategic property locations and diversified revenue streams, making it a resilient player in the market.
Daibiru Corporation presents a stable investment opportunity within Japan's real estate sector, supported by its diversified property portfolio and strong subsidiary backing from Mitsui O.S.K. Lines. The company reported solid financials for FY 2021, with revenue of ¥42.9 billion and net income of ¥8.4 billion, alongside a healthy operating cash flow of ¥13.7 billion. However, investors should note the high total debt of ¥166.4 billion, which could pose risks in a rising interest rate environment. The company's beta of 1.27 suggests moderate volatility relative to the market. A dividend yield of ¥255.5 per share adds appeal for income-focused investors. While Daibiru's prime urban properties provide steady rental income, its exposure to Japan's commercial real estate market makes it sensitive to economic cycles and office demand fluctuations.
Daibiru Corporation operates in a highly competitive Japanese real estate market dominated by large conglomerates and specialized firms. Its competitive advantage lies in its strategic property locations in Tokyo, Osaka, and Sapporo, which command premium rental rates and high occupancy levels. The company's affiliation with Mitsui O.S.K. Lines provides financial stability and potential synergies in property development and management. However, Daibiru's scale is relatively modest compared to industry giants like Mitsui Fudosan and Mitsubishi Estate, limiting its ability to compete on large-scale developments. The company's focus on mixed-use properties (offices, hotels, and retail) diversifies its revenue streams but also exposes it to sector-specific risks. Its student and corporate housing segments offer niche growth opportunities but face competition from specialized operators. Daibiru's strong cash position (¥18.8 billion) and operational efficiency (positive operating cash flow) bolster its competitiveness, though high leverage could constrain aggressive expansion.