Want to see JP:2978 full AI Analyst Report?
Top Page
TSUKURUBA, Inc.
(2978)
Select Model
Select Model
Rating:50Neutral
Price Target:
¥344.00
▼(-23.21% Downside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by mixed financial performance: strong growth and a shift to profitability are offset by thin/declining margins, meaningful leverage, and persistently weak cash flow with negative free cash flow. Technicals are neutral with the stock still below longer-term moving averages, while valuation looks relatively high (P/E ~31) given the company’s limited margin cushion and cash conversion.
Positive Factors
Rapid Revenue Growth
Rapid revenue expansion indicates growing transaction activity and broader adoption of the company’s residential real-estate services. If maintained, this scale can strengthen market presence, support investment in the platform, and provide a foundation for improving earnings over the next several quarters.
Negative Factors
Rising Leverage
Higher leverage increases financial sensitivity to execution and funding conditions, particularly for a real-estate-services business. It can constrain capital allocation, raise the importance of consistent earnings, and reduce flexibility if growth requires further investment or operating results weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
Rapid revenue expansion indicates growing transaction activity and broader adoption of the company’s residential real-estate services. If maintained, this scale can strengthen market presence, support investment in the platform, and provide a foundation for improving earnings over the next several quarters.
Read all positive factors
TSUKURUBA, Inc. (2978) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.81B
Dividend YieldN/A
Average Volume (3M)4.78K
Price to Earnings (P/E)29.1
Beta (1Y)0.34
Revenue Growth39.66%
EPS Growth18.09%
CountryJP
Employees235
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)1.96
Shares Outstanding12,058,200
10 Day Avg. Volume6,990
30 Day Avg. Volume4,776
Financial Highlights & Ratios
PEG Ratio1.90
Price to Book (P/B)1.89
Price to Sales (P/S)0.37
P/FCF Ratio-55.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TSUKURUBA, Inc. Business Overview & Revenue Model
Company Description
Tsukuruba Inc. specializes in technology-driven services for the real estate sector. A key initiative is their creation of cowcamo, a digital brokerage platform tailored for pre-owned and refurbished properties. Beyond this, they extend their expe...
How the Company Makes Money
The company generates revenue primarily from its residential real-estate transaction platform and related services. Key revenue streams include (1) fees or commissions earned when property transactions are facilitated through its marketplace (e.g....
TSUKURUBA, Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
50
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.22B | 11.31B | 8.10B | 5.48B | 4.15B | 2.77B |
| Gross Profit | 3.77B | 3.89B | 3.54B | 2.82B | 2.52B | 1.84B |
| EBITDA | 104.07M | 192.95M | 231.85M | 250.97M | -111.13M | -771.36M |
| Net Income | 20.89M | 127.43M | 106.64M | 215.66M | -165.52M | -822.42M |
Balance Sheet | ||||||
| Total Assets | 7.58B | 6.21B | 6.14B | 4.22B | 3.06B | 2.88B |
| Cash, Cash Equivalents and Short-Term Investments | 1.60B | 1.69B | 1.87B | 1.92B | 1.77B | 1.65B |
| Total Debt | 4.96B | 3.38B | 3.65B | 2.12B | 1.19B | 1.64B |
| Total Liabilities | 5.54B | 4.02B | 4.21B | 2.42B | 1.55B | 1.97B |
| Stockholders Equity | 2.04B | 2.19B | 1.93B | 1.80B | 1.51B | 909.61M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -75.04M | -1.50B | -939.00M | -94.33M | -1.11B |
| Operating Cash Flow | 0.00 | 16.09M | -1.48B | -900.55M | -85.48M | -1.03B |
| Investing Cash Flow | 0.00 | -105.80M | -76.00M | 81.07M | -59.26M | -108.78M |
| Financing Cash Flow | 0.00 | -95.58M | 1.50B | 954.28M | 263.01M | 544.46M |
TSUKURUBA, Inc. Technical Analysis
Negative
448.00
Price Trends
341.22
Negative
359.28
Negative
402.38
Negative
Market Momentum
-5.57
Positive
29.15
Positive
19.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2978, the sentiment is Negative. The current price of 448 is above the 20-day moving average (MA) of 335.90, above the 50-day MA of 341.22, and above the 200-day MA of 402.38, indicating a bearish trend. The MACD of -5.57 indicates Positive momentum. The RSI at 29.15 is Positive, neither overbought nor oversold. The STOCH value of 19.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2978.
TSUKURUBA, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥4.21B | 4.47 | ― | 5.27% | 18.08% | 89.27% | |
69 Neutral | ¥5.22B | 36.31 | ― | ― | 3.83% | -45.88% | |
64 Neutral | ¥5.10B | 2.81 | ― | 2.33% | 65.37% | ― | |
57 Neutral | ¥2.77B | 14.75 | ― | ― | 28.76% | -20.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥3.81B | 29.11 | ― | ― | 39.66% | 18.09% | |
44 Neutral | ¥3.70B | 5.45 | ― | 1.31% | 30.03% | 34.91% |
* General Sector Average
JP:2978
TSUKURUBA, Inc.
320.00
-269.00
-45.67%
JP:3238
Central General Development Co., Ltd.
383.00
-46.32
-10.79%
JP:4445
Living Technologies, Inc.
1,941.00
-31.50
-1.60%
JP:4487
Space Market, Inc.
225.00
-137.00
-37.85%
JP:8944
Land Business Co., Ltd.
249.00
15.00
6.41%
JP:8996
HouseFreedom Co., Ltd.
1,047.00
176.31
20.25%
TSUKURUBA, Inc. Corporate Events
TSUKURUBA Boosts Sales and Equity but Faces Margin Pressure in FY2026
Sep 14, 2026
TSUKURUBA, Inc. reported robust top-line growth for the fiscal year ended July 31, 2026, with net sales rising 39.7% to ¥11,310 million. However, profitability weakened as operating profit fell 38.1% to ¥169 million and ordinary profit d...
TSUKURUBA Swings to Loss Despite Higher Sales and Cuts Full-Year Profit Outlook
Jun 15, 2026
TSUKURUBA reported consolidated net sales of ¥7.9 billion for the nine months ended April 30, 2026, up 36.6% year on year, but swung to an operating loss of ¥39 million and a loss attributable to owners of parent of ¥84 million. Equ...
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.