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Choei Inc. (2993) AI Stock Analysis
Choei Inc.
(TSE/TYO:2993)
The score is held back primarily by financial risk: very high leverage and weak/negative free cash flow despite decent operating profitability. Offsetting this, the stock shows positive technical momentum (trading above major moving averages with a positive MACD) and appears attractively priced with a low P/E and a high dividend yield.
Choei Inc. (2993) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 9.49B
- Dividend Yield
- 5.71%
- Average Volume (3M)
- 886
- Price to Earnings (P/E)
- 8.4
- Beta (1Y)
- 0.42
- Revenue Growth
- 12.19%
- EPS Growth
- -44.38%
- Country
- Japan
- Employees
- 261
- Sector
- General
- Sector Strength
- 55
- Industry
- Real Estate - Services
Choei Inc. Business Overview & Revenue Model
Company Description
Choei Inc. operates within Japan, specializing in the management of condominium properties. The company offers a broad spectrum of real estate services, which includes overseeing rental properties, facilitating property leases, brokering both real es...
How the Company Makes Money
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Choei Inc. Financial Statement Overview
Summary
Income statement trends are mixed (steady revenue growth and strong operating-level profitability, but a sharp net margin decline and gross margin compression in 2026). The balance sheet is a major constraint due to very high leverage (debt roughly 4–7x equity), raising refinancing and rate-sensitivity risk. Cash flow quality is weak with mostly negative free cash flow in recent years despite positive operating cash flow, limiting flexibility given the debt load.
Income Statement
62PositiveBalance Sheet
34NegativeCash Flow
41Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.43B | 11.01B | 10.02B | 9.37B | 9.16B | 8.48B |
| Gross Profit | 1.96B | 1.83B | 3.35B | 3.51B | 3.54B | 3.13B |
| EBITDA | 4.24B | 4.02B | 3.38B | 3.81B | 3.64B | 3.24B |
| Net Income | 1.13B | 996.33M | 2.07B | 1.26B | 1.37B | 1.56B |
Balance Sheet | ||||||
| Total Assets | 71.78B | 73.02B | 66.69B | 60.65B | 56.85B | 53.57B |
| Cash, Cash Equivalents and Short-Term Investments | 10.90B | 11.97B | 11.86B | 10.10B | 7.44B | 8.42B |
| Total Debt | 54.40B | 55.04B | 48.90B | 44.24B | 42.22B | 38.86B |
| Total Liabilities | 60.13B | 60.71B | 54.75B | 50.39B | 47.37B | 44.79B |
| Stockholders Equity | 11.65B | 12.30B | 11.93B | 10.26B | 9.48B | 8.78B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -5.26B | -5.08B | -1.91B | -3.65B | 2.09B |
| Operating Cash Flow | 0 | 2.56B | 1.88B | 3.22B | 2.02B | 3.70B |
| Investing Cash Flow | 0 | -7.82B | -4.24B | -2.02B | -5.66B | 656.52M |
| Financing Cash Flow | 0 | 5.36B | 4.11B | 1.46B | 2.66B | -2.90B |
Choei Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2993, the sentiment is Positive. The current price of 2188.00 is below the 20-day moving average (MA) of 2189.20, below the 50-day MA of 2212.06, and below the 200-day MA of 2254.62, indicating a bearish trend. The MACD of -7.12 indicates Positive momentum. The RSI at 48.85 is Neutral, neither overbought nor oversold. The STOCH value of 17.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2993.
Choei Inc. Peers Comparison
Overall Rating
JP:889880Outperform
JP:426279Outperform
JP:894566Neutral- JP:299364Neutral
JP:327758Neutral
JP:299144Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:8898 | 80Outperform | JPY 11.76B | 13.03 | ― | 4.70% | 4.75% | 15.83% |
| JP:4262 | 79Outperform | JPY 8.52B | 12.74 | ― | 4.81% | 3.21% | -7.58% |
| JP:8945 | 66Neutral | JPY 10.56B | 16.75 | ― | 3.98% | 2.13% | 157.52% |
| JP:2993 | 64Neutral | JPY 9.37B | 8.45 | ― | 5.71% | 12.19% | -44.38% |
| JP:3277 | 58Neutral | JPY 12.77B | 8.68 | ― | 2.88% | -6.31% | -21.13% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| JP:2991 | 44Neutral | JPY 12.01B | 5.07 | ― | 2.22% | 14.54% | -0.80% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:2993 | Choei Inc. | 2188.00 | 70.21 | 3.32% | |
| JP:2991 | LANDNET, Inc. | 501.00 | -160.78 | -24.30% | |
| JP:3277 | Sansei Landic Co., Ltd. | 787.00 | 129.43 | 19.68% | |
| JP:4262 | NIFTY Lifestyle Co.,Ltd. | 1330.00 | 47.12 | 3.67% | |
| JP:8898 | Century21 Real Estate of Japan Ltd. | 1128.00 | 75.63 | 7.19% | |
| JP:8945 | SUNNEXTA GROUP, Inc. | 1080.00 | 54.79 | 5.34% |
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 18, 2026