Columbia Works Inc. (146A) AI Stock Analysis

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Columbia Works Inc.

(TSE/TYO:146A)

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Rating:65.4Neutral

Price Target:JPY 3,231.00▲(7.70% Upside)

Action:reiterated

Date:08/17/26

The overall score of 65.4 balances the company's strong growth and attractive valuation against its financial risks. The robust revenue and profit expansion are positive, but high leverage and negative cash flows raise concerns. The stock's technical momentum is favorable but overbought, suggesting potential near-term volatility. Investors should weigh the solid earnings potential against the balance sheet and cash flow challenges.

Positive Factors

Revenue GrowthRevenue expansion across the reported period indicates that Columbia Works has been scaling its business rather than relying on a stagnant base. Continued top-line growth can support operating leverage, broaden project capacity, and strengthen the company’s ability to compound earnings over the next several quarters.

Negative Factors

Elevated LeverageThe sharp increase in debt and persistently high debt-to-equity ratio leave Columbia Works financially exposed as it funds development activity. Elevated leverage can restrict capital allocation, increase financing sensitivity, and reduce the company’s ability to absorb weaker projects or operating conditions.

Columbia Works Inc. (146A) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 22.93B
Dividend Yield: 2.60%
Average Volume (3M): 53.17K
Price to Earnings (P/E): 7.5
Beta (1Y): 1.07
Revenue Growth: 15.43%
EPS Growth: -21.42%
Country: Japan
Employees: 84
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Columbia Works Inc. Business Overview & Revenue Model

Company Description

Columbia Works Inc. provides real estate development, leasing, and management services in Japan. It also offers hotel management and asset management services. The company was incorporated in 2013 and is headquartered in Shibuya, Japan. Columbia Work...

Columbia Works Inc. Financial Statement Overview

Summary

Columbia Works has shown strong revenue and net income growth, with revenue increasing from ¥10.0B to ¥37.1B and net income from ¥0.7B to ¥3.5B from 2021 to 2025. However, the balance sheet carries high leverage (debt/equity 2.68x) and cash flow has been negative each year, indicating reliance on external financing. The mixed financial health results in a moderate score.

Income Statement

85Very Positive

Balance Sheet

45Neutral

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	47.31B	37.08B	20.98B	14.47B	11.01B	10.00B
Gross Profit	10.91B	8.66B	5.67B	3.85B	3.29B	2.24B
EBITDA	8.38B	6.42B	4.21B	2.82B	2.35B	1.34B
Net Income	4.74B	3.46B	2.24B	1.52B	1.17B	682.00M
Balance Sheet
Total Assets	80.31B	66.88B	52.19B	32.00B	26.98B	19.26B
Cash, Cash Equivalents and Short-Term Investments	8.93B	7.89B	4.29B	3.16B	3.07B	3.29B
Total Debt	58.12B	46.80B	37.65B	23.26B	19.66B	13.60B
Total Liabilities	61.63B	49.44B	40.09B	24.86B	21.18B	14.55B
Stockholders Equity	18.68B	17.44B	12.10B	7.14B	5.80B	4.71B
Cash Flow
Free Cash Flow	0	-5.76B	-15.92B	-2.71B	-5.87B	-3.87B
Operating Cash Flow	0	-4.32B	-14.35B	-1.57B	-5.48B	-2.17B
Investing Cash Flow	0	-1.71B	-1.60B	-1.59B	-345.00M	-1.94B
Financing Cash Flow	0	9.64B	17.09B	3.43B	5.96B	4.16B

Columbia Works Inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price3000.00

Price Trends

50DMA3451.08Negative

100DMA3370.69Negative

200DMA3502.17Negative

Market Momentum

MACD-108.98Positive

RSI35.67Neutral

STOCH33.55Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:146A, the sentiment is Negative. The current price of 3000.00 is below the 20-day moving average (MA) of 3236.95, below the 50-day MA of 3451.08, and below the 200-day MA of 3502.17, indicating a bearish trend. The MACD of -108.98 indicates Positive momentum. The RSI at 35.67 is Neutral, neither overbought nor oversold. The STOCH value of 33.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:146A.

Columbia Works Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:146A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:1814	77Outperform	JPY 41.84B	7.86	―	5.34%	18.94%	78.10%
JP:1847	71Outperform	JPY 47.56B	5.26	―	4.51%	19.26%	72.80%
JP:146A	65Neutral	JPY 23.15B	7.50	―	2.60%	15.43%	-21.42%
JP:3299	63Neutral	JPY 36.81B	7.72	―	7.88%	-2.46%	-26.95%
JP:2983	59Neutral	JPY 16.26B	6.39	―	4.98%	24.15%	60.29%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:8897	54Neutral	JPY 53.62B	5.81	11.27%	6.70%	51.16%	79.58%

* General Sector Average

Performance Comparison

JP:146A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:146A	Columbia Works Inc.	3000.00	-323.20	-9.73%
JP:8897	Takara Leben Co., Ltd.	403.00	45.80	12.82%
JP:1814	DAISUE CONSTRUCTION CO., LTD.	3990.00	661.33	19.87%
JP:1847	Ichiken Co., Ltd.	3270.00	1190.26	57.23%
JP:2983	Arr Planner Co., Ltd.	1506.00	268.53	21.70%
JP:3299	Mugen Estate Co., Ltd.	1535.00	-234.17	-13.24%

Columbia Works Inc. Corporate Events

Columbia Works Reports Nine-Month 2026 Results

Nov 12, 2026

Columbia Works Inc., listed on the Tokyo Stock Exchange, reported consolidated results for the nine months ended September 30, 2026. Net sales rose 2.9% year over year to ¥29,528 million, while operating profit fell 2.9% to ¥4,749 million, ordinary p...

Columbiaworks Sets FY2030 Plan Targeting Higher EPS and Expanded Real Estate Operations

Aug 26, 2026

Columbiaworks Inc., a TSE Standard-listed real estate company, concentrates on real estate development and operations while actively managing capital efficiency. Its business portfolio is oriented toward expanding recurring income from operations alo...

Columbia Works Posts Surging H1 Profit on Tokyo-Focused Real Estate Growth

Aug 26, 2026

Columbia Works reported a 156.9% year-on-year surge in operating profit for the first half of FY2026, far exceeding internal plans, largely on the back of strong sales of development properties and improved gross margins. Real estate operations sales...

Columbia Works Doubles First-Half Sales and Lifts Dividend Outlook

Aug 17, 2026

Columbia Works Inc., listed on the Tokyo Stock Exchange, reported consolidated net sales of ¥19.9 billion for the six months ended June 30, 2026, more than doubling year on year, with operating profit up 156.9% and profit attributable to owners of th...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

Columbia Works Inc. AI Stock Analysis