Starts Proceed Investment (TSE:8979) Net Margin %: 33.16% (As of Oct. 2025) — 11% Below Median


TSE:8979 Starts Proceed Investment Corp TSE:8979
66 GF Score
Price 円189,100.00
GF Value 円211,712.23
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Starts Proceed Investment Net Margin %?

Starts Proceed Investment TSE:8979 +3.11% 66 Net Margin % is 33.16% as of Oct. 2025, which is 11% below its 10-year median of 37.19. GuruFocus rates TSE:8979 with a GF Score™ of 66/100 and a GF Value™ of 円211,712.23 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 928 REITs companies, Starts Proceed Investment ranks worse than 60.24% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Starts Proceed Investment's Net Income for the six months ended in Oct. 2025 was 円1,208 Mil. Starts Proceed Investment's Revenue for the six months ended in Oct. 2025 was 円3,642 Mil. Therefore, Starts Proceed Investment's net margin for the quarter that ended in Oct. 2025 was 33.16%.

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

TSE:8979' s Net Margin % Range Over the Past 10 Years
Min: 32.19   Med: 37.19   Max: 43.84
Current: 34.69


TSE:8979's Net Margin % is ranked worse than
60.24% of 928 companies
in the REITs industry
Industry Median: 44.95 vs TSE:8979: 34.69

Starts Proceed Investment  (TSE:8979) 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.


Starts Proceed Investment Net Margin % Related Terms


Starts Proceed Investment Net Margin % Historical Data

* Premium members only.

The historical data trend for Starts Proceed 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.

Starts Proceed Investment Net Margin % Chart

Starts Proceed Investment Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36.94 38.01 36.53 37.04 34.69

Starts Proceed Investment Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 34.49 37.53 36.56 36.14 33.16

TSE:8979 vs AVB, EQR, ESS: Net Margin % Comparison

For the REIT - Residential subindustry, Starts Proceed 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.


Starts Proceed Investment Net Margin % vs REITs Industry

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

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


TSE:8979
66GF Score
Starts Proceed Investment Corp TSE:8979
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starts Proceed 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.

Starts Proceed Investment's Net Margin for the fiscal year that ended in Oct. 2025 is calculated as

Net Margin=Net Income (A: Oct. 2025 )/Revenue (A: Oct. 2025 )
=2590.831/7469.405
=34.69 %

Starts Proceed Investment's Net Margin for the quarter that ended in Oct. 2025 is calculated as

Net Margin=Net Income (Q: Oct. 2025 )/Revenue (Q: Oct. 2025 )
=1207.552/3642.107
=33.16 %

* 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 33.16% mean?
Starts Proceed Investment (TSE:8979) has a Net Margin % of 33.16% as of Oct. 2025. Net margin is the ratio of total net income to net sales. View historical data on Starts Proceed Investment and its competitors. This is 11% below median its historical median of 37.19. Over the past decade, Starts Proceed Investment's Net Margin % has ranged from 32.19 to 43.84. According to the industry distribution chart, Starts Proceed Investment ranks #559 out of 928 companies in the REITs industry, placing it in the top 60.2%.
Is Starts Proceed Investment's Net Margin % too high?
Starts Proceed Investment's current Net Margin % of 33.16% is 11% below median its 10-year median of 37.19. Over the past 10 years, this metric has ranged from a low of 32.19 to a high of 43.84. The REITs industry median Net Margin % is 44.95. Starts Proceed Investment's value of 33.16% is 26.2% below this industry median. Based on the distribution chart, Starts Proceed Investment ranks #559 out of 928 companies in the REITs industry, which is below the industry midpoint. Overall, Starts Proceed Investment has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's Net Margin % compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #559 out of 928 companies for Net Margin %. This places Starts Proceed Investment in the lower half of its industry. The industry median Net Margin % is 44.95. Starts Proceed Investment's value of 33.16% is 26.2% below this benchmark. Historically, Starts Proceed Investment's own Net Margin % has ranged from 32.19 to 43.84 over the past decade. While the company's 10-year median is 37.19 vs. the industry median of 44.95, Starts Proceed Investment has consistently been below 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 44.95, based on 928 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. Starts Proceed Investment's current Net Margin % of 33.16% is 26.2% below 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 Starts Proceed Investment and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starts Proceed Investment's current Net Margin % is 33.16%, which is 11% below median its own 10-year median of 37.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円211,712.23, compared to a current price of 円189,100.00 — trading 10.7% below its estimated fair value. The current Net Margin % is 33.16%, which is 11% below median its 10-year median of 37.19 and 26.2% below the REITs industry median of 44.95. Starts Proceed Investment's overall GF Score™ is 66/100 with 6 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 Starts Proceed Investment (TSE:8979), the current Net Margin % is 33.16% as of Oct. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?

Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued. The current stock price of 円189,100.00 is trading 10.7% below its estimated GF Value™ of 円211,712.23. GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.

Key valuation signals for TSE:8979:

  • Net Margin %: 33.16% (11% below median its 10-year median of 37.19)
  • GF Value™: 円211,712.23 vs. price of 円189,100.00 (10.7% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 26.2% below the REITs median (#559 of 928)

No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Starts Proceed Investment Business Description

Industry Real EstateREITs
Address 3-1-8 Nihonbashi, Chuo-ku, Tokyo, JPN
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
66GF Score

Get the complete analysis for TSE:8979

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

円189,100.00
Price
円211,712.23
GF Value