Japan Metropolitan Fund Investment Corporation
Japan Metropolitan Fund Investment Corporation ("JMF") was established under the Law Concerning Investment Trusts and Investment Corporations of Japan (Law No. 198 of 1951; as amended) on September 14, 2001. It was the first investment corporation in Japan to specifically target retail real estate assets. It was listed on the Real Estate Investment Trust ("REIT") Section of the Tokyo Stock Exchan… Read more
Japan Metropolitan Fund Investment Corporation (JRFIF) - Net Assets
Latest net assets as of August 2025: $649.38 Billion USD
Based on the latest financial reports, Japan Metropolitan Fund Investment Corporation (JRFIF) has net assets worth $649.38 Billion USD as of August 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.33 Trillion) and total liabilities ($679.99 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $649.38 Billion |
| % of Total Assets | 48.85% |
| Annual Growth Rate | 6.28% |
| 5-Year Change | 43.94% |
| 10-Year Change | N/A |
| Growth Volatility | 16.31 |
Japan Metropolitan Fund Investment Corporation - Net Assets Trend (2019–2025)
This chart illustrates how Japan Metropolitan Fund Investment Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Japan Metropolitan Fund Investment Corporation (2019–2025)
The table below shows the annual net assets of Japan Metropolitan Fund Investment Corporation from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $624.30 Billion | -0.12% |
| 2024-02-29 | $625.08 Billion | +0.05% |
| 2023-02-28 | $624.78 Billion | +0.18% |
| 2022-02-28 | $623.67 Billion | +43.79% |
| 2021-02-28 | $433.73 Billion | -0.06% |
| 2020-02-29 | $433.99 Billion | +0.18% |
| 2019-02-28 | $433.23 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Japan Metropolitan Fund Investment Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.71 Billion | 2.52% |
| Other Components | $608.59 Billion | 97.48% |
| Total Equity | $624.30 Billion | 100.00% |
Japan Metropolitan Fund Investment Corporation Competitors by Market Cap
The table below lists competitors of Japan Metropolitan Fund Investment Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Polycab India Limited
NSE:POLYCAB
|
$4.00 Billion |
|
Sino Biopharmaceutical Limited
PINK:SBMFF
|
$4.00 Billion |
|
IES Holdings Inc
NASDAQ:IESC
|
$4.00 Billion |
|
SG Micro Corp
SHE:300661
|
$4.00 Billion |
|
Powertech Technology Inc
TW:6239
|
$3.99 Billion |
|
John Bean Technologies Corporation
NYSE:JBT
|
$3.99 Billion |
|
Aris Mining Corporation
NYSE MKT:ARMN
|
$3.99 Billion |
|
Crocs Inc
NASDAQ:CROX
|
$3.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Japan Metropolitan Fund Investment Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 625,077,288,000 to 624,300,651,000, a change of -776,637,000 (-0.1%).
- Net income of 31,712,396,000 contributed positively to equity growth.
- Dividend payments of 31,669,791,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $31.71 Billion | +5.08% |
| Dividends Paid | $31.67 Billion | -5.07% |
| Other Changes | $-819.24 Million | -0.13% |
| Total Change | $- | -0.12% |
Book Value vs Market Value Analysis
This analysis compares Japan Metropolitan Fund Investment Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-02-28 | $82740.02 | $573.05 | x |
| 2020-02-29 | $82886.17 | $573.05 | x |
| 2021-02-28 | $83829.50 | $573.05 | x |
| 2022-02-28 | $89433.72 | $573.05 | x |
| 2023-02-28 | $89393.09 | $573.05 | x |
| 2024-02-29 | $89436.14 | $573.05 | x |
| 2025-02-28 | $89460.46 | $573.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Japan Metropolitan Fund Investment Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.81%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.00x
- Recent ROE (5.08%) is below the historical average (5.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 5.51% | 36.93% | 0.07x | 2.05x | $-19.45 Billion |
| 2020 | 5.51% | 36.18% | 0.07x | 2.08x | $-19.48 Billion |
| 2021 | 5.74% | 39.64% | 0.07x | 2.08x | $-18.46 Billion |
| 2022 | 4.08% | 35.90% | 0.06x | 1.98x | $-36.92 Billion |
| 2023 | 5.23% | 39.95% | 0.07x | 2.00x | $-29.83 Billion |
| 2024 | 5.12% | 38.70% | 0.07x | 2.00x | $-30.49 Billion |
| 2025 | 5.08% | 38.81% | 0.07x | 2.00x | $-30.72 Billion |
Industry Comparison
This section compares Japan Metropolitan Fund Investment Corporation's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Japan Metropolitan Fund Investment Corporation (JRFIF) | $649.38 Billion | 5.51% | 1.05x | $3.99 Billion |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |