Major shipping company Mitsui O.S.K. Lines (MOL) invested 197 billion yen in its real estate business out of its 543.2 billion yen capital expenditure for the fiscal year ending March 2026, accounting for more than one-third of the total. The company holds Daibiru, an office building company headquartered in Kita-ku, Osaka, as a wholly owned subsidiary with 100% voting rights, and also owns office buildings in Sydney, Australia, and London, UK. Real estate sales were 48.9 billion yen, less than 3% of consolidated sales of 1.825 trillion yen, but its recurring profit margin was over 13%, significantly higher than the dry bulk business, which had sales of 455.7 billion yen and recurring profit of 10.8 billion yen, a margin of about 2.4%. From fiscal 2023 to fiscal 2025, the company invested 2 trillion yen over three years, of which 1.6 trillion yen was allocated to stable income businesses. The stock price has risen about 20% in the past month, closing at 7,096 yen on August 28, with a PBR of 0.82 times, below 1 time.
Mitsui O.S.K.Lines,Ltd.MOL allocates 197 billion yen (over one-third of its 543.2 billion yen capex) to high-margin real estate, with Daibiru now a wholly owned subsidiary.
Daibiru becomes a wholly owned subsidiary of MOL as part of MOL's 197 billion yen real estate investment.
