Financial Ratios Star Asia Investment Corporation

Stocks

3468

JP3048200004

Diversified REITs

Market Closed - Japan Exchange 02:30:00 2026-09-09 EDT			5-day change	1st Jan Change
52,800.00 ^JPY	+0.76%		-0.94%	-14.42%

08-25	Star Asia Investment's Hotel Business Logs 88% Average Occupancy Rate in July	MT
08-14	Star Asia Investment Secures 8.1 Billion Yen Refinancing Loans	MT

38488a52242810f7a1e1.E1XW0ByNc1DgcopMu5mcKzX9omvFNQjGbe5jWSmHrik.ajCn51X3RRvRRNUb483Lc3ip112SYU6DJds5LFCym09hGbHoS-seY7Mh5Q

Published financial data: STAR ASIA INVESTMENT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Rental Revenues	11.18B	11.95B	12.97B	15.57B	18.76B
Gain (Loss) on Sale of Assets, Total (Rev)	994M	-	414M	375M	765M
Other Revenues, Total	54.43M	97.94M	51.86M	130M	153M
Total Revenues	12.23B	12.05B	13.43B	16.08B	19.68B
Property Expenses	5.24B	5.67B	6.18B	7.1B	8.11B
Selling General & Admin Expenses, Total	4.8M	4.8M	46.4M	54.4M	62.4M
Other Operating Expenses	304M	236M	246M	270M	271M
Total Operating Expenses	5.55B	5.91B	6.48B	7.43B	8.45B
Operating Income (REIT / Utility Template)	6.68B	6.14B	6.96B	8.65B	11.23B
Interest Expense, Total	-601M	-683M	-898M	-1.12B	-1.56B
Interest and Investment Income	116K	471K	57K	58K	7.14M
Net Interest Expenses	-601M	-683M	-898M	-1.12B	-1.55B
Other Non Operating Income (Expenses)	-303M	-378M	-191M	-317M	-303M
EBT, Excl. Unusual Items	5.78B	5.07B	5.87B	7.21B	9.38B
Total Merger & Related Restructuring Charges	-449M	-	-	-	-
Gain (Loss) on Sale of Assets	-19.28M	516K	-	-	-
Other Unusual Items	8.9B	2.8M	-10.52M	-18.42M	-20.15M
EBT, Incl. Unusual Items	14.21B	5.08B	5.86B	7.2B	9.36B
Income Tax Expense	1.21M	1.21M	605K	605K	605K
Earnings From Continuing Operations	14.21B	5.08B	5.85B	7.2B	9.36B
Net Income to Company	14.21B	5.08B	5.85B	7.2B	9.36B
Net Income - (IS)	14.21B	5.08B	5.85B	7.2B	9.36B
Net Income to Common Incl Extra Items	14.21B	5.08B	5.85B	7.2B	9.36B
Net Income to Common Excl. Extra Items	14.21B	5.08B	5.85B	7.2B	9.36B
Per Share Items
Net EPS - Basic	8.49K	2.85K	3.06K	3.07K	3.51K
Basic EPS - Continuing Operations	8.49K	2.85K	3.06K	3.07K	3.51K
Basic Weighted Average Shares Outstanding	1.67M	1.78M	1.92M	2.35M	2.66M
Net EPS - Diluted	8.49K	2.85K	3.06K	3.07K	3.51K
Diluted EPS - Continuing Operations	8.49K	2.85K	3.06K	3.07K	3.51K
Diluted Weighted Average Shares Outstanding	1.67M	1.78M	1.92M	2.35M	2.66M
Normalized Basic EPS	2.16K	1.78K	1.91K	1.92K	2.2K
Normalized Diluted EPS	2.16K	1.78K	1.91K	1.92K	2.2K
Dividend Per Share	3.14K	2.95K	-	-	-
Payout Ratio	38.66	100.3	94.02	92.57	89.29
Supplemental Items
EBITDA	7.95B	7.52B	8.48B	10.67B	13.56B
EBITA	6.68B	6.14B	6.96B	8.66B	11.23B
EBIT	6.68B	6.14B	6.96B	8.65B	11.23B
Total Revenues (As Reported)	12.23B	12.05B	6.49B	7.96B	9.69B
Effective Tax Rate - (Ratio)	0.01	0.02	0.01	0.01	0.01
Total Current Taxes	1.21M	1.21M	605K	605K	605K
Normalized Net Income	3.61B	3.17B	3.67B	4.51B	5.86B
Interest on Long-Term Debt	-	7.84M	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	4.8M	4.8M	46.4M	54.4M	62.4M
Maintenance & Repair Expenses, Total	402M	437M	-	-	-

Fiscal Period: July	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Assets
Gross Property Plant And Equipment	167B	181B	-	-	-
Accumulated Depreciation	-4.13B	-5.51B	-	-	-
Net Property Plant And Equipment	163B	175B	197B	246B	278B
Total Real Estate Assets	163B	175B	197B	246B	278B
Cash And Equivalents	3.17B	4.27B	3.26B	3.38B	5.42B
Accounts Receivable, Total	96.19M	138M	139M	443M	625M
Other Receivables	83.5M	-	-	-	-
Investment In Debt and Equity Securities	692M	800M	-	-	-
Other Intangibles, Total	4.08B	4.08B	-	-	-
Restricted Cash	7.54B	8.08B	8.52B	8.94B	9.91B
Other Current Assets, Total	185M	205M	213M	346M	389M
Deferred Charges Long-Term	-	39.96M	-	-	-
Other Long-Term Assets, Total	571M	393M	48M	54M	66M
Total Assets	179B	193B	209B	259B	294B
Liabilities
Current Portion of Long-Term Debt	23.45B	16.39B	14.34B	11.08B	20.91B
Short-Term Borrowings	2.15B	-	-	1B	-
Long-Term Debt	56.84B	73.25B	82.5B	110B	118B
Accounts Payable, Total	545M	662M	1.78B	1.9B	2.45B
Accrued Expenses, Total	113M	293M	75M	107M	195M
Current Income Taxes Payable	605K	605K	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.43B	1.51B	1.27B	1.19B	1.18B
Other Non Current Liabilities	5.46B	5.58B	6.06B	6.16B	6.38B
Total Liabilities	89.99B	97.69B	106B	131B	149B
Common Stock, Total	52.75B	59.12B	66.12B	89.32B	105B
Additional Paid In Capital	25.13B	25.13B	25.13B	25.13B	25.13B
Retained Earnings	2.65B	2.81B	11.88B	12.41B	13.41B
Comprehensive Income and Other	8.65B	8.74B	93M	615M	856M
Total Common Equity	89.18B	95.8B	103B	127B	145B
Total Equity	89.18B	95.8B	103B	127B	145B
Total Liabilities And Equity	179B	193B	209B	259B	294B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.67M	1.79M	1.92M	2.37M	2.69M
ECS Total Common Shares Outstanding	1.67M	1.79M	1.92M	2.37M	2.69M
Book Value / Share	53.26K	53.54K	53.71K	53.74K	53.9K
Tangible Book Value	85.1B	91.72B	103B	127B	145B
Tangible Book Value Per Share	50.82K	51.26K	53.71K	53.74K	53.9K
Total Debt	82.44B	89.64B	96.84B	122B	139B
Net Debt	79.27B	85.37B	93.58B	118B	133B
Account Code - Inventory Valuation	3	3	-	-	-
Land - (BS)	117B	127B	-	-	-
Buildings, Total	49.68B	53.49B	-	-	-
Machinery, Total	154M	220M	-	-	-

Fiscal Period: July	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Net Income	14.21B	5.08B	5.85B	7.2B	9.36B
Depreciation, Depletion & Amortization	1.26B	1.38B	1.52B	2.01B	2.33B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	7.03M	-
Total Depreciation, Depletion & Amortization	1.26B	1.38B	1.52B	2.02B	2.33B
Amortization of Deferred Charges, Total	-	15.56M	13.63M	21.83M	23.62M
Change in Accounts Receivable	8.01M	-41.41M	-2.11M	-303M	-182M
Change in Accounts Payable	-65.68M	47.46M	292M	365M	633M
Change in Other Net Operating Assets (Collected)	7.04B	223M	-299M	827M	2.24B
Other Operating Activities	-8.89B	-5.34M	1.11B	1.43B	1.66B
Cash from Operations	13.56B	6.7B	8.48B	11.56B	16.06B
Acquisition of Real Estate Assets, Total	-7.64B	-14.06B	-16.59B	-49.73B	-37.91B
Net Sale / Acquisition of Real Estate Assets	-7.64B	-14.06B	-16.59B	-49.73B	-37.91B
Purchase / Sale of Intangible Assets	-	-	-	-2.18B	-
Investment in Marketable and Equity Securities, Total	155M	239M	400M	-430M	-114M
Other Investing Activities, Total	-203M	341M	-1.51B	-173M	214M
Cash from Investing	-7.69B	-13.48B	-17.71B	-52.51B	-37.81B
Short Term Debt Issued, Total	3.81B	500M	-	-	-
Long-Term Debt Issued, Total	21.71B	32.79B	-	-	-
Total Debt Issued	25.52B	33.29B	12.8B	31.14B	23.81B
Short Term Debt Repaid, Total	-6.56B	-2.65B	-	-	-
Long-Term Debt Repaid, Total	-20.04B	-23.45B	-	-1.3B	-800M
Total Debt Repaid	-26.6B	-26.1B	-5.6B	-6.14B	-6.78B
Issuance of Common Stock	-	6.33B	6.97B	23.14B	16.08B
Common Dividends Paid	-5.49B	-5.09B	-5.51B	-6.66B	-8.35B
Common & Preferred Stock Dividends Paid	-5.49B	-5.09B	-5.51B	-6.66B	-8.35B
Other Financing Activities, Total	-	-	-1K	-	1K
Cash from Financing	-6.57B	8.42B	8.67B	41.48B	24.75B
Miscellaneous Cash Flow Adjustments	5.19B	-2K	1M	-999K	-1M
Net Change in Cash	4.49B	1.63B	-552M	537M	3.01B
Supplemental Items
Cash Interest Paid	603M	664M	741M	942M	1.36B
Cash Income Tax Paid (Refund)	2M	2.74M	-1.04M	616K	7.3M
Net Debt Issued / Repaid	-1.08B	7.19B	7.2B	25B	17.03B
Levered Free Cash Flow	1.81B	4.66B	-	-	-
Unlevered Free Cash Flow	2.19B	5.09B	-	-	-
Change In Net Working Capital	3.25B	143M	-208M	784M	568M

Fiscal Period: July	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Profitability
Return on Assets	2.86	2.06	2.16	2.31	2.54
Return on Total Capital	2.98	2.15	2.26	2.41	2.63
Return On Equity %	19.76	5.49	5.88	6.24	6.87
Return on Common Equity	19.76	5.49	5.88	6.24	6.87
Margin Analysis
Gross Profit Margin %	57.17	52.92	53.96	55.81	58.76
SG&A Margin	0.04	0.04	0.35	0.34	0.32
EBITDA Margin %	64.95	62.37	63.1	66.35	68.91
EBITA Margin %	54.64	50.92	51.78	53.84	57.07
EBIT Margin %	54.64	50.92	51.78	53.79	57.07
Income From Continuing Operations Margin %	116.15	42.13	43.59	44.76	47.55
Net Income Margin %	116.15	42.13	43.59	44.76	47.55
Net Avail. For Common Margin %	116.15	42.13	43.59	44.76	47.55
Normalized Net Income Margin	29.53	26.32	27.29	28.05	29.78
Levered Free Cash Flow Margin	14.83	38.68	-	-	-
Unlevered Free Cash Flow Margin	17.9	42.21	-	-	-
Asset Turnover
Asset Turnover	0.08	0.06	0.07	0.07	0.07
Fixed Assets Turnover	0.09	0.07	0.07	0.07	0.08
Receivables Turnover (Average Receivables)	153.75	102.24	93.76	53.52	35.13
Short Term Liquidity
Current Ratio	0.4	0.67	0.69	0.86	0.66
Quick Ratio	0.12	0.23	0.19	0.25	0.24
Operating Cash Flow to Current Liabilities	0.49	0.36	0.49	0.76	0.65
Days Sales Outstanding (Average Receivables)	2.37	3.57	3.89	6.84	10.39
Average Days Payable Outstanding	30.73	38.83	72.14	94.91	97.9
Long Term Solvency
Total Debt/Equity	92.44	93.57	93.82	95.58	95.88
Total Debt / Total Capital	48.04	48.34	48.4	48.87	48.95
LT Debt/Equity	63.74	76.46	79.92	86.1	81.45
Long-Term Debt / Total Capital	33.12	39.5	41.24	44.02	41.58
Total Liabilities / Total Assets	50.23	50.49	50.67	50.72	50.72
EBIT / Interest Expense	11.12	8.98	7.74	7.74	7.21
EBITDA / Interest Expense	13.22	11	9.43	9.55	8.71
(EBITDA - Capex) / Interest Expense	13.22	11	-	-	-
Total Debt / EBITDA	10.38	11.93	11.43	11.42	10.24
Net Debt / EBITDA	9.98	11.36	11.04	11.1	9.84
Total Debt / (EBITDA - Capex)	10.38	11.93	-	-	-
Net Debt / (EBITDA - Capex)	9.98	11.36	-	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	69.34	-1.5	11.48	19.7	22.39
Gross Profit, 1 Yr. Growth %	61.53	-8.81	13.67	23.8	28.87
EBITDA, 1 Yr. Growth %	59.48	-5.41	12.77	25.88	27.11
EBITA, 1 Yr. Growth %	60.8	-8.2	13.36	24.44	29.74
EBIT, 1 Yr. Growth %	60.8	-8.2	13.36	24.34	29.85
Earnings From Cont. Operations, 1 Yr. Growth %	324.02	-64.27	15.33	22.9	30.02
Net Income, 1 Yr. Growth %	324.02	-64.27	15.33	22.9	30.02
Diluted EPS Before Extra, 1 Yr. Growth %	173.92	-66.47	7.39	0.33	14.58
Normalized Net Income, 1 Yr. Growth %	58.23	-12.2	15.59	22.99	29.97
Net Property, Plant and Equip., 1 Yr. Growth %	59.75	7.82	12.3	24.58	13.04
Accounts Receivable, 1 Yr. Growth %	95.06	43.05	1.02	218.7	41.08
Total Assets, 1 Yr. Growth %	58.51	7.99	8.15	23.62	13.63
Common Equity, 1 Yr. Growth %	63.29	7.43	7.74	23.49	13.62
Tangible Book Value, 1 Yr. Growth %	66.35	7.78	12.54	23.49	13.62
Cash From Operations, 1 Yr. Growth %	-	-50.6	26.7	36.27	38.9
Capital Expenditures, 1 Yr. Growth %	-	-	-	20.77	35.11
Levered Free Cash Flow, 1 Yr. Growth %	-	156.96	-	-	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-	132.29	-	-	-
Dividend Per Share, 1 Yr. Growth %	0.84	-5.86	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	26.62	29.15	4.79	15.51	21.04
Gross Profit, 2 Yr. CAGR %	21.09	21.36	1.81	18.62	26.31
EBITDA, 2 Yr. CAGR %	20.66	22.83	3.28	19.14	26.49
EBITA, 2 Yr. CAGR %	20.12	21.5	2.01	18.77	27.07
EBIT, 2 Yr. CAGR %	20.12	21.5	2.01	18.73	27.07
Earnings From Cont. Operations, 2 Yr. CAGR %	88.14	23.09	-35.81	19.05	26.41
Net Income, 2 Yr. CAGR %	88.14	23.09	-35.81	19.05	26.41
Diluted EPS Before Extra, 2 Yr. CAGR %	50.25	-4.17	-40	3.8	7.22
Normalized Net Income, 2 Yr. CAGR %	19.62	17.87	0.74	19.24	26.43
Net Property, Plant and Equip., 2 Yr. CAGR %	27.77	31.25	10.04	18.28	18.67
Accounts Receivable, 2 Yr. CAGR %	31.17	67.04	20.21	79.43	112.05
Total Assets, 2 Yr. CAGR %	27.49	30.83	8.07	15.63	18.52
Common Equity, 2 Yr. CAGR %	27.64	32.45	7.59	15.35	18.46
Tangible Book Value, 2 Yr. CAGR %	28.82	33.9	10.14	17.89	18.46
Cash From Operations, 2 Yr. CAGR %	17.75	-	-20.89	31.4	37.58
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	27.74
Levered Free Cash Flow, 2 Yr. CAGR %	-24.39	-	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-19.29	-	-	-	-
Dividend Per Share, 2 Yr. CAGR %	-7.56	-2.57	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	26.77	16.45	22.97	9.54	17.76
Gross Profit, 3 Yr. CAGR %	23.04	10.16	18.27	8.67	21.95
EBITDA, 3 Yr. CAGR %	22.81	11.26	21.67	10.32	21.74
EBITA, 3 Yr. CAGR %	22.59	9.82	21.76	9	22.32
EBIT, 3 Yr. CAGR %	22.59	9.82	21.76	8.97	22.32
Earnings From Cont. Operations, 3 Yr. CAGR %	65.98	8.14	20.46	-20.29	22.6
Net Income, 3 Yr. CAGR %	65.98	8.14	20.46	-20.29	22.6
Diluted EPS Before Extra, 3 Yr. CAGR %	34.18	-8.87	-9.55	-28.78	7.27
Normalized Net Income, 3 Yr. CAGR %	22.01	7.91	20.53	7.67	22.71
Net Property, Plant and Equip., 3 Yr. CAGR %	24.84	20.74	24.6	14.69	16.5
Accounts Receivable, 3 Yr. CAGR %	23.58	35.02	41.56	66.38	65.61
Total Assets, 3 Yr. CAGR %	24.18	20.63	22.79	13.02	14.95
Common Equity, 3 Yr. CAGR %	23.55	20.51	23.64	12.65	14.77
Tangible Book Value, 3 Yr. CAGR %	24.75	21.39	26.36	14.42	16.45
Cash From Operations, 3 Yr. CAGR %	34.37	-11.85	18.04	-5.16	33.85
Capital Expenditures, 3 Yr. CAGR %	-	-	-42.74	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-14.9	13.67	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-10.67	14.8	-	-	-
Dividend Per Share, 3 Yr. CAGR %	-2.88	-7	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	18.17	17.47	16.08	22.19
Gross Profit, 5 Yr. CAGR %	-	13.4	13.82	13.26	21.42
EBITDA, 5 Yr. CAGR %	-	14.49	14.6	14.35	23.58
EBITA, 5 Yr. CAGR %	-	13.28	13.9	13.32	23.86
EBIT, 5 Yr. CAGR %	-	13.28	13.9	13.3	23.86
Earnings From Cont. Operations, 5 Yr. CAGR %	-	11.81	13.51	12.39	22.8
Net Income, 5 Yr. CAGR %	-	11.81	13.51	12.39	22.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-4.09	-2.75	-3.99	-3.19
Normalized Net Income, 5 Yr. CAGR %	-	11.79	12.78	12.11	22.86
Net Property, Plant and Equip., 5 Yr. CAGR %	-	18.63	18.7	19.75	22.19
Accounts Receivable, 5 Yr. CAGR %	-	21.14	22.69	51.78	66.39
Total Assets, 5 Yr. CAGR %	-	18.27	17.47	18.6	21.06
Common Equity, 5 Yr. CAGR %	-	17.99	16.9	18.42	21.54
Tangible Book Value, 5 Yr. CAGR %	-	19	18.69	19.98	23.14
Cash From Operations, 5 Yr. CAGR %	-	-2.3	8.72	3.41	25.5
Capital Expenditures, 5 Yr. CAGR %	-	-	-42.84	-47.61	-21.07
Dividend Per Share, 5 Yr. CAGR %	-	-4.75	-	-	-