JP-listed companies
MUGEN ESTATE Co.,Ltd.

MUGEN ESTATE Co.,Ltd.JP:3299

Market cap

¥37.4B

P/E ratio

10.2x

Income statement Balance sheet Cash flow

	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Cash and deposits	-	1,946	4,221	7,106	8,826	13,268	10,517	13,708	16,065	17,565	17,754	20,420
Accounts receivable - trade	-	5	7	23	21	15	22	23	16	19	23	35
Real estate for sale	-	12,750	21,194	33,046	45,354	41,500	51,635	49,887	41,337	35,463	51,116	52,644
Real estate for sale in process	-	38	30	58	78	114	87	147	283	630	517	477
Other	-	492	796	775	556	1,057	1,067	611	242	728	767	616
Allowance for doubtful accounts	-	-2	-3	-9	-8	-10	-11	-10	-8	-3	-5	-4
Current assets	-	15,393	26,413	41,293	55,167	56,339	63,934	64,367	57,937	54,404	70,174	74,189
Other	-	492	796	775	556	1,057	1,067	611	242	728	767	616
Allowance for doubtful accounts	-	-2	-3	-9	-8	-10	-11	-10	-8	-3	-5	-4
Current assets	-	15,393	26,413	41,293	55,167	56,339	63,934	64,367	57,937	54,404	70,174	74,189
Buildings	-	626	619	884	1,282	1,264	1,295	1,592	2,292	3,949	3,413	2,684
Accumulated depreciation	-	-183	-201	-221	-260	-278	-334	-394	-397	-522	-461	-508
Buildings, net	-	443	418	664	1,022	986	960	1,197	1,895	3,426	2,952	2,176
Land	-	522	451	960	1,414	1,326	1,343	1,790	1,908	4,157	3,441	2,902
Other	-	81	139	116	134	136	148	180	114	111	110	159
Accumulated depreciation	-	-56	-60	-66	-68	-70	-86	-100	-79	-81	-73	-81
Other, net	-	25	79	50	65	66	61	80	34	30	37	77
Land	-	522	451	960	1,414	1,326	1,343	1,790	1,908	4,157	3,441	2,902
Property, plant and equipment	-	989	948	1,674	2,501	2,379	2,366	3,068	3,838	7,614	6,430	5,156
Property, plant and equipment	-	989	948	1,674	2,501	2,379	2,366	3,068	3,838	7,614	6,430	5,156
Leasehold interests in land	-	56	56	56	56	55	55	55	55	63	63	63
Other	-	7	8	62	83	68	28	28	27	22	21	18
Intangible assets	-	63	63	118	139	124	83	83	83	85	84	81
Intangible assets	-	63	63	118	139	124	83	83	83	85	84	81
Investment securities	-	-	-	-	-	-	-	-	-	21	21	7
Deferred tax assets	-	-	-	-	-	-	-	777	241	252	306	454
Other	-	102	105	100	91	156	181	167	342	357	370	419
Deferred tax assets	-	-	-	-	-	-	-	777	241	252	306	454
Investments and other assets	-	134	152	206	322	334	954	944	583	631	698	880
Other	-	102	105	100	91	156	181	167	342	357	370	419
Investments and other assets	-	134	152	206	322	334	954	944	583	631	698	880
Non-current assets	-	1,186	1,163	1,998	2,961	2,837	3,404	4,096	4,504	8,331	7,213	6,119
Bond issuance costs	-	-	-	-	17	35	36	48	45	41	60	53
Deferred assets	-	-	-	-	17	35	36	48	45	41	60	53
Assets	-	16,579	27,576	43,292	58,145	59,212	66,760	68,512	62,487	62,778	77,448	80,362
Accounts payable - trade	-	382	504	721	622	523	400	467	216	361	495	466
Short-term borrowings	-	4,517	4,719	4,042	3,927	4,928	3,213	2,236	2,050	4,739	6,023	9,153
Current portion of bonds payable	-	-	-	-	180	530	754	1,154	860	727	3,091	1,041
Current portion of long-term borrowings	-	1,365	2,864	2,575	3,472	4,853	4,142	6,950	6,192	4,982	6,520	5,407
Income taxes payable	-	764	974	1,832	988	1,379	1,359	414	573	287	622	1,413
Provision for bonuses	-	30	48	64	46	72	47	34	23	20	24	44
Provision for bonuses for directors (and other officers)	-	-	-	-	-	-	-	-	-	-	20	45
Income taxes payable	-	764	974	1,832	988	1,379	1,359	414	573	287	622	1,413
Provision executive officers' bonuses	-	-	-	-	-	-	-	-	-	-	26	64
Construction warranty reserve	-	8	24	35	57	58	49	41	42	48	36	60
Other	-	308	379	482	1,671	978	567	887	1,178	1,002	1,640	1,785
Provision for bonuses	-	30	48	64	46	72	47	34	23	20	24	44
Current liabilities	-	7,373	9,513	9,750	10,963	13,325	10,532	12,185	11,137	12,168	18,501	19,484
Provision for bonuses for directors (and other officers)	-	-	-	-	-	-	-	-	-	-	20	45
Provision executive officers' bonuses	-	-	-	-	-	-	-	-	-	-	26	64
Construction warranty reserve	-	8	24	35	57	58	49	41	42	48	36	60
Current liabilities	-	7,373	9,513	9,750	10,963	13,325	10,532	12,185	11,137	12,168	18,501	19,484
Bonds payable	-	-	-	-	720	1,760	1,694	3,225	3,307	3,219	4,623	6,150
Long-term borrowings	-	5,729	9,769	21,899	30,022	23,969	31,462	29,393	24,713	23,192	29,049	25,894
Retirement benefit liability	-	-	46	57	69	81	88	89	101	109	115	308
Provision for retirement benefits	-	36	-	-	-	-	-	-	-	-	-	-
Other	-	220	304	571	815	736	876	777	622	542	553	681
Non-current liabilities	-	6,140	10,299	22,527	31,626	26,547	34,121	33,486	28,744	27,063	34,342	33,034
Other	-	220	304	571	815	736	876	777	622	542	553	681
Non-current liabilities	-	6,140	10,299	22,527	31,626	26,547	34,121	33,486	28,744	27,063	34,342	33,034
Liabilities	-	13,513	19,811	32,278	42,588	39,872	44,654	45,671	39,882	39,232	52,843	52,518
Share capital	-	98	1,584	1,587	2,550	2,549	2,552	2,552	2,552	2,552	2,552	2,552
Capital surplus	-	21	1,507	1,510	2,473	2,472	2,475	2,475	2,475	2,475	2,475	2,475
Capital surplus	-	21	1,507	1,510	2,473	2,472	2,475	2,475	2,475	2,475	2,475	2,475
Retained earnings	-	2,947	4,674	7,869	10,443	14,208	16,956	17,914	17,790	18,827	20,027	23,207
Retained earnings	-	2,947	4,674	7,869	10,443	14,208	16,956	17,914	17,790	18,827	20,027	23,207
Treasury shares	-	-	-	-	-	-	-	-223	-300	-401	-543	-483
Shareholders' equity	-	3,066	7,765	10,966	15,465	19,230	21,983	22,718	22,518	23,453	24,511	27,751
Share acquisition rights	-	-	-	48	92	110	122	122	86	92	92	92
Net assets	1,955	3,066	7,765	11,014	15,557	19,340	22,106	22,840	22,605	23,546	24,604	27,844
Liabilities and net assets	-	16,579	27,576	43,292	58,145	59,212	66,760	68,512	62,487	62,778	77,448	80,362