Daiwa Office Investment Ratios and Metrics

Market cap in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Mar '26 Mar 9, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021	2020 - 2016
Market Capitalization	328,095	285,071	266,103	277,390	335,358	379,732	Upgrade
Market Cap Growth	21.55%	7.13%	-4.07%	-17.29%	-11.69%	22.74%	Upgrade
Enterprise Value	517,070	475,070	444,197	460,381	507,446	552,590	Upgrade
Last Close Price	351000.00	295283.98	260318.13	259558.68	297454.74	320298.07	Upgrade
PE Ratio	22.88	20.20	21.45	20.38	23.46	25.88	Upgrade
PS Ratio	10.49	9.37	9.78	9.58	11.83	12.70	Upgrade
PB Ratio	1.35	1.17	1.08	1.12	1.34	1.50	Upgrade
P/OCF Ratio	13.49	12.48	16.75	11.94	13.54	15.93	Upgrade
EV/Sales Ratio	16.54	15.62	16.32	15.91	17.90	18.48	Upgrade
EV/EBITDA Ratio	25.48	24.09	25.77	25.13	26.88	28.33	Upgrade
EV/EBIT Ratio	31.31	29.89	32.62	31.26	33.22	34.86	Upgrade
Debt / Equity Ratio	0.90	0.90	0.87	0.84	0.82	0.80	Upgrade
Debt / EBITDA Ratio	10.74	11.13	12.44	11.34	10.90	10.44	Upgrade
Net Debt / Equity Ratio	0.78	0.76	0.75	0.71	0.73	0.68	Upgrade
Net Debt / EBITDA Ratio	9.31	9.47	10.77	9.66	9.68	8.79	Upgrade
Asset Turnover	-	0.06	0.06	0.06	0.06	0.06	Upgrade
Quick Ratio	1.04	1.18	0.73	0.95	0.66	1.13	Upgrade
Current Ratio	1.21	1.34	0.74	0.96	0.77	1.14	Upgrade
Return on Equity (ROE)	-	5.74%	5.01%	5.46%	5.67%	5.77%	Upgrade
Return on Assets (ROA)	-	2.03%	1.75%	1.91%	1.97%	2.04%	Upgrade
Return on Invested Capital (ROIC)	3.59%	3.43%	2.97%	3.23%	3.34%	3.46%	Upgrade
Earnings Yield	4.40%	4.95%	4.66%	4.91%	4.26%	3.86%	Upgrade
Dividend Yield	4.02%	-	5.26%	5.28%	-	4.34%	Upgrade
Payout Ratio	90.50%	92.81%	105.63%	97.77%	95.61%	91.87%	Upgrade
Buyback Yield / Dilution	1.19%	0.94%	-	1.72%	0.86%	0.21%	Upgrade
Total Shareholder Return	5.21%	0.94%	5.26%	7.00%	0.86%	4.55%	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.