Daiwa Office Investment (TSE:8976) Net Margin %: 46.69% (As of Nov. 2025) — Near Median

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TSE:8976 Daiwa Office Investment Corp TSE:8976
62 GF Score
Price 円329,500.00
GF Value 円349,345.02
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Daiwa Office Investment Net Margin %?

Daiwa Office Investment TSE:8976 +0.30% 62 Net Margin % is 46.69% as of Nov. 2025, which is 1% above its 10-year median of 46.05. GuruFocus rates TSE:8976 with a GF Score™ of 62/100 and a GF Value™ of 円349,345.02 (Fairly Valued). The stock has 4 warning signs investors should review. Among 930 REITs companies, Daiwa Office Investment ranks better than 51.51% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Daiwa Office Investment's Net Income for the six months ended in Nov. 2025 was 円7,497 Mil. Daiwa Office Investment's Revenue for the six months ended in Nov. 2025 was 円16,057 Mil. Therefore, Daiwa Office Investment's net margin for the quarter that ended in Nov. 2025 was 46.69%.

The historical rank and industry rank for Daiwa Office Investment's Net Margin % or its related term are showing as below:

TSE:8976' s Net Margin % Range Over the Past 10 Years
Min: 39.24   Med: 46.05   Max: 49.59
Current: 46.21


TSE:8976's Net Margin % is ranked better than
51.51% of 930 companies
in the REITs industry
Industry Median: 45.23 vs TSE:8976: 46.21

Daiwa Office Investment  (TSE:8976) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Daiwa Office Investment Net Margin % Related Terms


Daiwa Office Investment Net Margin % Historical Data

* Premium members only.

The historical data trend for Daiwa Office Investment's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Daiwa Office Investment Net Margin % Chart

Daiwa Office Investment Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.43 49.59 49.37 46.32 46.47

Daiwa Office Investment Semi-Annual Data
May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.38 45.79 47.08 45.70 46.69

TSE:8976 vs BXP, ARE, VNO: Net Margin % Comparison

For the REIT - Office subindustry, Daiwa Office Investment's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Daiwa Office Investment Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Daiwa Office Investment's Net Margin % distribution charts can be found below:

* The bar in red indicates where Daiwa Office Investment's Net Margin % falls into.


TSE:8976
62GF Score
Daiwa Office Investment Corp TSE:8976
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa Office Investment Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Daiwa Office Investment's Net Margin for the fiscal year that ended in Nov. 2024 is calculated as

Net Margin=Net Income (A: Nov. 2024 )/Revenue (A: Nov. 2024 )
=13377.987/28786.438
=46.47 %

Daiwa Office Investment's Net Margin for the quarter that ended in Nov. 2025 is calculated as

Net Margin=Net Income (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=7496.795/16056.512
=46.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 46.69% mean?
Daiwa Office Investment (TSE:8976) has a Net Margin % of 46.69% as of Nov. 2025. Net margin is the ratio of total net income to net sales. View historical data on Daiwa Office Investment and its competitors. This is near median its historical median of 46.05. Over the past decade, Daiwa Office Investment's Net Margin % has ranged from 39.24 to 49.59. According to the industry distribution chart, Daiwa Office Investment ranks #451 out of 930 companies in the REITs industry, placing it in the top 48.5%.
Is Daiwa Office Investment's Net Margin % too high?
Daiwa Office Investment's current Net Margin % of 46.69% is near median its 10-year median of 46.05. Over the past 10 years, this metric has ranged from a low of 39.24 to a high of 49.59. The REITs industry median Net Margin % is 45.23. Daiwa Office Investment's value of 46.69% is 3.2% above this industry median. Based on the distribution chart, Daiwa Office Investment ranks #451 out of 930 companies in the REITs industry, which is above the industry midpoint. Overall, Daiwa Office Investment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daiwa Office Investment's Net Margin % compare to BXP and ARE?
According to the REITs industry distribution chart, Daiwa Office Investment ranks #451 out of 930 companies for Net Margin %. This puts Daiwa Office Investment in the upper half of its industry. The industry median Net Margin % is 45.23. Daiwa Office Investment's value of 46.69% is 3.2% above this benchmark. Historically, Daiwa Office Investment's own Net Margin % has ranged from 39.24 to 49.59 over the past decade. While the company's 10-year median is 46.05 vs. the industry median of 45.23, Daiwa Office Investment has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 930 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Daiwa Office Investment's current Net Margin % of 46.69% is 3.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Daiwa Office Investment and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Office Investment's current Net Margin % is 46.69%, which is near median its own 10-year median of 46.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Office Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Office Investment (TSE:8976) is currently considered Fairly Valued. The stock's GF Value™ is 円349,345.02, compared to a current price of 円329,500.00 — trading 5.7% below its estimated fair value. The current Net Margin % is 46.69%, which is near median its 10-year median of 46.05 and 3.2% above the REITs industry median of 45.23. Daiwa Office Investment's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Daiwa Office Investment (TSE:8976), the current Net Margin % is 46.69% as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Daiwa Office Investment (TSE:8976) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa Office Investment stock appears to be undervalued. The current stock price of 円329,500.00 is trading 5.7% below its estimated GF Value™ of 円349,345.02. GuruFocus considers Daiwa Office Investment to be Fairly Valued.

Key valuation signals for TSE:8976:

  • Net Margin %: 46.69% (near median its 10-year median of 46.05)
  • GF Value™: 円349,345.02 vs. price of 円329,500.00 (5.7% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 3.2% above the REITs median (#451 of 930)

No single metric tells the full story. See the TSE:8976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiwa Office Investment Business Description

Industry Real EstateREITs
Address 6-2-1 Ginza, Chuo-ku, Tokyo, JPN
Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.
62GF Score

Get the complete analysis for TSE:8976

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円329,500.00
Price
円349,345.02
GF Value