Valuation Starts Proceed Investment Corporation

Stocks

Delayed Japan Exchange Other stock markets 00:37:53 2026-07-01 EDT			5-day change	1st Jan Change
184,900.00 ^JPY	-2.01%		+0.33%	-8.28%

06-15	Starts Proceed Investment's Net Income Slips in Half-Year Ended April	MT
06-15	Starts Proceed Investment Corporation Revises Earnings Guidance for the Fiscal Period from May 1, 2026, to October 31, 2026	CI

Data adjusted to current consolidation scope

Fiscal Period: April	2020	2021	2022	2023	2024	2025
Market Cap ¹	46,543	57,709	59,130	65,111	58,473	46,308
Change	-	23.99%	2.46%	10.11%	-10.2%	-20.8%
Enterprise Value (EV) ¹	91,110	101,966	102,666	115,959	113,212	97,386
Change	-	11.92%	0.69%	12.95%	-2.37%	-13.98%
P/E	16.4x	22.4x	25.1x	22.8x	22.2x	17.3x
PBR	1.07x	1.33x	1.36x	1.32x	1.19x	0.98x
PEG	-	-2.44x	-2.94x	2.49x	-2.72x	3.41x
Capitalization / Revenue	6.89x	8.86x	9.43x	9.71x	8.18x	6.39x
EV / Revenue	13.5x	15.7x	16.4x	17.3x	15.8x	13.4x
EV / EBITDA	20.3x	24x	26x	27.4x	25.7x	21.7x
EV / EBIT	28.1x	34.6x	38.7x	40.2x	36.9x	31.7x
EV / FCF	-67.5x	-57.2x	-	78.1x	36.9x	32.6x
FCF Yield	-1.48%	-1.75%	-	1.28%	2.71%	3.07%
Dividend per Share ²	-	-	9,281	11,638	9,985	10,720
Rate of return	-	-	3.98%	5.05%	4.82%	6.33%
EPS ²	11,171	10,147	9,281	10,130	9,304	9,776
Distribution rate	-	-	100%	115%	107%	110%
Net sales ¹	6,759	6,512	6,271	6,709	7,145	7,242
EBITDA ¹	4,493	4,249	3,948	4,225	4,405	4,480
EBIT ¹	3,239	2,946	2,654	2,884	3,065	3,072
Net income ¹	2,835	2,575	2,355	2,716	2,628	2,761
Net Debt ¹	44,567	44,257	43,536	50,848	54,740	51,078
Reference price ²	183,400.00	227,400.00	233,000.00	230,500.00	207,000.00	169,400.00
Nbr of stocks (in thousands)	254	254	254	282	282	273
Announcement Date	7/27/20	7/27/21	7/25/22	7/24/23	7/29/24	7/25/25

¹JPY in Million²JPY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
STARTS PROCEED INVESTMENT CORPORATION	-	-	-	-	316M
AVALONBAY COMMUNITIES, INC.	34.25x	11.74x	19.23x	3.7%	26.73B
EQUITY RESIDENTIAL	49.9x	10.69x	17.93x	4.12%	25.45B
ESSEX PROPERTY TRUST, INC.	48.82x	13.28x	19.96x	3.53%	18.74B
INVITATION HOMES INC.	39.92x	9.27x	17.2x	3.93%	17.95B
MID-AMERICA APARTMENT COMMUNITIES, INC.	41.49x	9.9x	17.71x	4.37%	16.17B
SUN COMMUNITIES, INC.	53.31x	8.02x	18.44x	3.68%	14.78B
UDR, INC.	46.79x	10.99x	17.67x	4.34%	12.97B
EQUITY LIFESTYLE PROPERTIES, INC.	31.93x	10.06x	20.68x	3.34%	12.5B
AMERICAN HOMES 4 RENT	45.17x	9.2x	17.31x	3.86%	12.09B
Average	43.51x	10.35x	18.46x	3.88%	15.77B
Weighted average by Cap.	43.38x	10.54x	18.49x	3.88%