Nippon Building Fund (8951) Stock Overview
An investment corporation under the Law Concerning Investment Trusts and Investment Corporations of Japan. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
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Analyst Price Targets
Nippon Building Fund Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥123,500.00 |
| 52 Week High | JP¥152,300.00 |
| 52 Week Low | JP¥119,000.00 |
| Beta | 0.28 |
| 1 Month Change | 1.81% |
| 3 Month Change | -9.19% |
| 1 Year Change | -7.42% |
| 3 Year Change | 4.84% |
| 5 Year Change | -10.89% |
| Change since IPO | 100.49% |
Recent News & Updates
8951: Stable Cash Flows And Higher Discount Rate Will Support Future Upside Potential
Analysts now set their price target for Nippon Building Fund at ¥147,150, down from ¥150,250. This reflects updated views on a slightly higher discount rate, modestly adjusted long term revenue growth and profit margin assumptions, and a revised future P/E of 32.47x from 33.16x.8951: Steady Cash Flow Assumptions Will Support Further Upside Potential
Analysts have kept the price target for Nippon Building Fund steady at ¥150,250, citing minimal changes in assumptions such as the discount rate, revenue growth, profit margin, and forward P/E, which together support maintaining the prior valuation view. Valuation Changes Fair Value: steady at ¥150,250, with no change between the previous and updated estimates.8951: Stable Fair Value And 2026 Distributions Will Support Upside Outlook
Analysts have maintained their price target for Nippon Building Fund at ¥150,250 while slightly adjusting key model inputs, including a modestly higher discount rate and a small change in assumed future P/E. These revisions reflect updated views on risk and valuation assumptions rather than a shift in the headline target.8951: Equity Issuance And 2026 Distributions Will Support A Balanced Outlook
Analysts have nudged their price target on Nippon Building Fund up from ¥149,500 to ¥150,250. This reflects updated assumptions around discount rates, modest revenue growth expectations and a slightly adjusted forward P/E multiple.Recent updates
8951: Stable Cash Flows And Higher Discount Rate Will Support Future Upside Potential
Analysts now set their price target for Nippon Building Fund at ¥147,150, down from ¥150,250. This reflects updated views on a slightly higher discount rate, modestly adjusted long term revenue growth and profit margin assumptions, and a revised future P/E of 32.47x from 33.16x.8951: Steady Cash Flow Assumptions Will Support Further Upside Potential
Analysts have kept the price target for Nippon Building Fund steady at ¥150,250, citing minimal changes in assumptions such as the discount rate, revenue growth, profit margin, and forward P/E, which together support maintaining the prior valuation view. Valuation Changes Fair Value: steady at ¥150,250, with no change between the previous and updated estimates.8951: Stable Fair Value And 2026 Distributions Will Support Upside Outlook
Analysts have maintained their price target for Nippon Building Fund at ¥150,250 while slightly adjusting key model inputs, including a modestly higher discount rate and a small change in assumed future P/E. These revisions reflect updated views on risk and valuation assumptions rather than a shift in the headline target.8951: Equity Issuance And 2026 Distributions Will Support A Balanced Outlook
Analysts have nudged their price target on Nippon Building Fund up from ¥149,500 to ¥150,250. This reflects updated assumptions around discount rates, modest revenue growth expectations and a slightly adjusted forward P/E multiple.8951: Equity Issuance And 2026 Guidance Will Shape A Steady Outlook
Analysts have nudged their price target on Nippon Building Fund to ¥149,500 from ¥147,944. This reflects updated views on slightly lower discount and revenue growth assumptions, a reduced profit margin, and a higher expected future P/E multiple.8951: Equity Offering And Dividend Guidance Will Support A Balanced Outlook
Analysts have nudged their price target for Nippon Building Fund up from ¥146,500 to about ¥147,944, reflecting updated assumptions for slightly different revenue, profit margin, discount rate and future P/E inputs in their models. What's in the News Nippon Building Fund filed a follow on equity offering, covering a total of 157,200 units plus an additional 5,000 units, as part of its capital raising activities (Key Developments).8951: Equity Offering And Stable Distributions Will Shape A Balanced Outlook
Analysts have raised their price target on Nippon Building Fund from ¥143,792 to ¥146,500, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Nippon Building Fund announced a distribution for the fiscal year ended December 31, 2025 of ¥2,495 per unit, with total distributions of ¥21,227 million, excluding distributions in excess of earnings (Key Developments).Japan's Office Market Will Suffer Under Remote Work Shift
The upward revision in Nippon Building Fund’s consensus price target is primarily driven by a significant increase in revenue growth forecasts, while other key valuation metrics remained largely unchanged, resulting in a modest fair value increase to ¥143,792. What's in the News Dividend guidance lowered for periods ending June and December 2025 compared to prior year.Japan's Office Market Will Suffer Under Remote Work Shift
The upward revision in Nippon Building Fund’s price target reflects improved revenue growth expectations and a modest reduction in future P/E, resulting in a slightly higher fair value of ¥141125. What's in the News Issued and completed a follow-on equity offering totaling ¥17.72 billion, with Nomura Securities appointed as lead underwriter.
Analysts Forecast Revenue Decline And Lower Earnings By 2028
Decreasing future operating revenues, rising expenses, and increased borrowing costs threaten to negatively impact earnings and net margins.Shareholder Returns
| 8951 | JP Office REITs | JP Market | |
|---|---|---|---|
| 7D | 1.8% | 0.2% | -0.2% |
| 1Y | -7.4% | -5.0% | 43.7% |
Return vs Industry: 8951 underperformed the JP Office REITs industry which returned -5% over the past year.
Return vs Market: 8951 underperformed the JP Market which returned 43.7% over the past year.
Price Volatility
| 8951 volatility | |
|---|---|
| 8951 Average Weekly Movement | 3.0% |
| Office REITs Industry Average Movement | 2.3% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in JP Market | 9.3% |
| 10% least volatile stocks in JP Market | 2.3% |
Stable Share Price: 8951 has not had significant price volatility in the past 3 months compared to the JP market.
Volatility Over Time: 8951's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | n/a | Daisuke Yamashita | www.nbf-m.com/nbf/ |
Nippon Building Fund Inc. is an investment corporation under the Law Concerning Investment Trusts and Investment Corporations of Japan. With Mitsui Fudosan Co., Ltd., Sumitomo Mitsui Trust Bank, Limited. and Nippon Building Fund Management Ltd, (hereinafter NBFM) acting as sponsors.
Nippon Building Fund Inc. Fundamentals Summary
| 8951 fundamental statistics | |
|---|---|
| Market cap | JP¥1.07t |
| Earnings (TTM) | JP¥42.84b |
| Revenue (TTM) | JP¥99.65b |
Is 8951 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 8951 income statement (TTM) | |
|---|---|
| Revenue | JP¥99.65b |
| Cost of Revenue | JP¥37.21b |
| Gross Profit | JP¥62.45b |
| Other Expenses | JP¥19.60b |
| Earnings | JP¥42.84b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.86k |
| Gross Margin | 62.66% |
| Net Profit Margin | 42.99% |
| Debt/Equity Ratio | 86.1% |
How did 8951 perform over the long term?
See historical performance and comparisonDividends
Does 8951 pay a reliable dividends?
See 8951 dividend history and benchmarks| Nippon Building Fund dividend dates | |
|---|---|
| Ex Dividend Date | Jun 29 2026 |
| Dividend Pay Date | Sep 14 2026 |
| Days until Ex dividend | 5 days |
| Days until Dividend pay date | 82 days |
Does 8951 pay a reliable dividends?
See 8951 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/24 09:08 |
| End of Day Share Price | 2026/06/24 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nippon Building Fund Inc. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Takashi Hashimoto | Barclays |
| Tomoyoshi Omuro | BofA Global Research |
| Masashi Miki | Citigroup Inc |