JTOWER Inc.  Reaches Basic Agreement with Mitsubishi Estate to Promote 5G Network Development and Business Cooperation

JTOWER Inc. Reaches Basic Agreement with Mitsubishi Estate to Promote 5G Network Development and Business Cooperation







JTOWER Inc. and Mitsubishi Estate Co., Ltd. entered into a basic agreement to promote 5G network development and commercial cooperation using Infra-Sharing. Under the agreement, the companies will continue to use JTOWER’s Infra-Sharing solutions in certain facilities owned and operated by Mitsubishi Estate. First, they plan to jointly implement 5G installations in selected buildings in Marunouchi and Otemachi districts as well as in the Nagoya area. In addition, they will expand the joint business using various work pillars in areas where Mitsubishi Estate promotes urban development, including the Yokohama Minatomirai area, and in the future they will also continue to discuss sales cooperation. of Infra-Sharing, aiming to provide new value that leverages the strength of both companies. Infra-Sharing is a solution for sharing mobile communication networks, which has been developed independently by each traditional mobile network operator. In addition to reducing costs and enabling more efficient network development, Infra-Sharing also reduces environmental impact by reducing the use of energy, materials and construction work. In particular, under the development of 5G networks, more installation of base stations is required due to the characteristic of its spectrum, and the use of Infra-Sharing is expected to grow further.

S&P Capital IQ 2022

All information about MITSUBISHI ESTATE CO., LTD.

Financial data

CA 2023 1,420 billion
10,565M
10,397M
2023 general results 167 billion
1,243M
1,224M
Full debt 2023 2,437 billion
18,127 m
17,839M
FOR THE YEAR 2023 15.4x
2023 return 1.96%
Capital 2,603 ​​billion
19,363M
19,055M
VE / CA 2023 3.55x
VE / CA 2024 3.56x
Number of employees 10 202
It floats 86.3%

Chart MITSUBISHI ESTATE CO., LTD.
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Mitsubishi Estate Co., Ltd.  : Technical analysis of chart Mitsubishi Estate Co., Ltd.  |  Market area

Technical Analysis Trend MITSUBISHI ESTATE CO., LTD.

Short time Intermediate time Long time
Styles Not on either side bullish bullish

Income Statement Reform

Marketing

Buy it

Moderate recommendation GROW YOURSELF
Number of Analysts 13
Last Closing Price JPY1,968.00
Average price target ¥2,316.15
Deviation / Mean Target 17.7%

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