Heiwa Real Estate REIT, Inc. (TYO:8966)

Japan · Delayed Price · Currency is JPY

126,800

+2,000 (1.60%)

Oct 26, 2026, 3:30 PM JST

Heiwa Real Estate REIT Financials Overview

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Revenue	22,230	22,230	19,200	17,392	15,886	14,199
Revenue Growth	6.57%	15.78%	10.40%	9.48%	11.88%	2.87%
Net Income	10,884	10,884	8,981	7,933	7,124	6,165
Earnings Per Share	8698.31	8698.31	7515.57	6899.39	6398.07	5840.85
EPS Growth	5.47%	15.74%	8.93%	7.84%	9.54%	-5.37%

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Cash & Investments	16,001	16,001	13,701	11,870	12,502	14,572
Total Debt	138,680	138,680	125,887	114,037	109,870	96,776
Net Cash (Debt)	-122,679	-122,679	-112,186	-102,167	-97,367	-82,204
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-98047.35	-98047.35	-93885.02	-88855.40	-87440.60	-77879.62

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Operating Cash Flow	19,198	19,198	14,559	12,591	10,440	12,651
Free Cash Flow	19,198	19,198	14,559	12,591	10,440	12,651
Free Cash Flow Growth	11.61%	31.87%	15.63%	20.60%	-17.48%	21.48%

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Operating Margin	56.74%	56.74%	53.39%	51.63%	50.57%	49.10%
Pretax Margin	48.96%	48.96%	46.78%	45.62%	44.85%	43.43%
Profit Margin	48.96%	48.96%	46.77%	45.61%	44.85%	43.42%

Dividends

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 26, 2026	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Dividend Per Share	8070.000	-	7490.000	-	6290.000	5940.000
Dividend Per Share Growth	2.82%	-	-	-	5.89%	8.39%
Dividend Yield	6.36%	-	5.87%	-	4.15%	4.08%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 26, 2026	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
PE Ratio	14.58	15.61	16.99	18.93	23.72	24.95
PS Ratio	7.66	7.64	7.95	8.64	10.64	10.83