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Nippon Building Fund Incorporation (8951.T)
JPY133,800.00
+2,100.00 (+1.59%)
JP JPX Real Estate REIT - Office
Address
Muromachi Furukawa Mitsui Building 103-0022
Tokyo, JP
Tokyo, JP
CEO
Daisuke Yamashita
Website
nbf-m.com/nbf
IPO
2005-09-29
ISIN JP3027670003
Also trades on
Other OTC · NBFJF (USD)
Tokyo Stock Exchange · 8951.T (JPY)
Description
Nippon Building Fund Inc., or NBF, operates as Japan's leading real estate investment trust (J-REIT). It strategically invests in office buildings, with a primary concentration in Tokyo, alongside a broader national presence. The company's main objective is to cultivate stable and significant income expansion from its diverse property portfolio, a goal it pursues by effectively utilizing the specialized knowledge of Mitsui Fudosan.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
JPY133,800.00
+2,100.00 (+1.59%)
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Volume Profile
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Liquidity & share structure
Average Volume
34.8K
Beta
0.28
Float Shares
7.52M
Free Float %
85.3%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.66% | +4.86% | -2.82% | -12.32% | -14.67% | -10.41% | -3.19% | +16.03% | -8.21% | -3.78% | +28.30% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
133,800.00
Ratings Trend (MoM)
20% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 6 | 0 |
| Sell | 2 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.26
Distress
Piotroski F-Score
6 / 9
Average
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
-
Revenue growth+25.4% Q4'25: +2.8% (vs Q4'23)
-
EPS growth-7.6% Q4'25: -2.7% (vs Q4'23)
-
FCF margin— Q4'25: -35.6% (vs Q4'23)
-
EBIT margin— Q4'25: +43.7% (vs Q4'23)
-
ROIC— Q4'25: +6.4% (vs Q4'23)
-
Share dilution+0.8% Q4'25: +1.7% (vs Q4'23)
-
Debt / EBITDA10.16× Q4'25: 5.40× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 6 EPS Ana. |
Dec 2027 4 Rev. Ana. 6 EPS Ana. |
Dec 2028 4 Rev. Ana. 6 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
69.14B
est: 69.39B (-0.4%)
|
71.92B
est: 71.39B (+0.7%)
|
72.38B
est: 74.89B (-3.3%)
|
75.13B
est: 74.03B (+1.5%)
|
77.44B
est: 77.63B (-0.2%)
|
86.77B
est: 79.16B (+9.6%)
|
101.09B
est: 96.93B (+4.3%)
|
94.12B
est: 59.30B (+58.7%)
|
97.46B
est: 97.46B (+0.0%)
|
101.96B
est: 82.26B (+23.9%)
|
127.88B
est: 100.13B (+27.7%)
|
96.06B
95.87B – 96.23B
-4.1% YoY
|
96.59B
93.43B – 101.06B
+0.5% YoY
|
100.01B
95.96B – 104.07B
+3.5% YoY
|
| EBITDA |
41.72B
est: 43.51B (-4.1%)
|
43.92B
est: 44.76B (-1.9%)
|
44.48B
est: 46.96B (-5.3%)
|
46.60B
est: 46.42B (+0.4%)
|
48.07B
est: 48.68B (-1.3%)
|
56.11B
est: 49.64B (+13.0%)
|
68.24B
est: 60.77B (+12.3%)
|
58.04B
est: 37.19B (+56.1%)
|
61.33B
est: 59.23B (+3.5%)
|
64.66B
est: 49.99B (+29.4%)
|
61.79B
est: 60.85B (+1.5%)
|
58.37B
58.25B – 58.47B
-4.1% YoY
|
58.69B
56.78B – 61.41B
+0.5% YoY
|
60.78B
58.31B – 63.24B
+3.5% YoY
|
| EBIT |
27.54B
est: 32.22B (-14.5%)
|
29.50B
est: 33.15B (-11.0%)
|
30.22B
est: 34.77B (-13.1%)
|
32.28B
est: 34.37B (-6.1%)
|
33.68B
est: 36.05B (-6.6%)
|
41.53B
est: 36.76B (+13.0%)
|
53.09B
est: 45.00B (+18.0%)
|
42.25B
est: 27.54B (+53.4%)
|
45.42B
est: 44.52B (+2.0%)
|
49.15B
est: 37.58B (+30.8%)
|
46.27B
est: 45.74B (+1.2%)
|
43.88B
43.79B – 43.95B
-4.1% YoY
|
44.12B
42.68B – 46.16B
+0.5% YoY
|
45.68B
43.83B – 47.54B
+3.5% YoY
|
| Net Income |
23.79B
est: 26.18B (-9.2%)
|
25.63B
est: 30.28B (-15.4%)
|
28.69B
est: 32.24B (-11.0%)
|
29.91B
est: 34.24B (-12.7%)
|
31.06B
est: 30.99B (+0.2%)
|
38.70B
est: 36.50B (+6.0%)
|
47.17B
est: 46.85B (+0.7%)
|
39.62B
est: 46.96B (-15.6%)
|
42.86B
est: 42.86B (+0.0%)
|
46.21B
est: 46.21B (+0.0%)
|
42.85B
est: 42.84B (+0.0%)
|
43.38B
43.07B – 43.68B
+1.2% YoY
|
45.93B
37.59B – 54.89B
+5.9% YoY
|
47.68B
38.18B – 58.53B
+3.8% YoY
|
| SGA |
79.00M
est: 2.74B (-97.1%)
|
77.00M
est: 2.82B (-97.3%)
|
71.00M
est: 2.96B (-97.6%)
|
66.00M
est: 2.93B (-97.7%)
|
67.00M
est: 3.07B (-97.8%)
|
72.00M
est: 3.13B (-97.7%)
|
77.00M
est: 3.83B (-98.0%)
|
85.00M
est: 2.34B (-96.4%)
|
85.00M
est: 65.32M (+30.1%)
|
83.00M
est: 55.13M (+50.5%)
|
—
est: 67.11M (-100.0%)
|
64.38M
64.25M – 64.49M
-4.1% YoY
|
64.73M
62.62M – 67.73M
+0.5% YoY
|
67.03M
64.31M – 69.75M
+3.5% YoY
|
| EPS |
3,112.18
est: 3,078.25 (+1.1%)
|
3,587.54
est: 3,560.35 (+0.8%)
|
3,936.54
est: 3,791.04 (+3.8%)
|
4,040.79
est: 4,026.11 (+0.4%)
|
4,382.01
est: 3,643.48 (+20.3%)
|
4,505.29
est: 4,291.14 (+5.0%)
|
5,222.75
est: 5,508.80 (-5.2%)
|
5,384.22
est: 5,505.90 (-2.2%)
|
4,567.81
est: 5,039.06 (-9.4%)
|
5,409.90
est: 5,346.97 (+1.2%)
|
4,999.75
est: 4,972.37 (+0.6%)
|
5,053.93
5,025.82 – 5,096.75
+1.6% YoY
|
4,909.46
4,386.42 – 6,404.53
-2.9% YoY
|
5,060.87
4,454.55 – 6,829.33
+3.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-28 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-27 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-26 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-25 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-22 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-21 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-20 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-19 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 2/5 |
| 2026-05-18 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 2/5 |
| 2026-05-15 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 2/5 |
| 2026-05-14 | C+ | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 1/5 | 2/5 |
| 2026-05-13 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-12 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-11 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-08 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-07 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-01 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-30 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-28 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-27 | B- | 2/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-24 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-23 | B- | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B- | 2/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-20 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-17 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-16 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-15 | B- | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 2/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
132.60B
OE per share TTM
15,596.02
Owner's Yield
12.03%
Maintenance CapEx ratio
177.26%
Maint CapEx / Avg PPE
1,107.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
13.79M
Shares Outstanding
8.82M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Daisuke Yamashita | President. Chief Executive Officer & Director of Nippon Building Fund Management, Ltd | — | — |
| Hideki Shuto | Director and Head of Investment, Finance & Real Estate Investment Div of Nippon Building Fund Mgmt | — | male |
| Hiroshi Nakami | GM of Operations HQ, Head of Administration Group & Director - Nippon Building Fund Management Ltd | — | — |
| Kenji Iino | Executive Chairman of the Board & Executive Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 8951.T
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
