Want to see JP:3238 full AI Analyst Report?
Top Page
Central General Development Co., Ltd.
(3238)
Select Model
Select Model
Rating:50Neutral
Price Target:
¥401.00
▼(-2.91% Downside)
Action:Reiterated
Date:08/11/26
The score is primarily held back by weakening financial fundamentals—sharp margin compression, higher leverage, and persistently negative free cash flow—despite strong 2026 revenue growth. Technicals are supportive with the stock trading above major moving averages and positive momentum, but valuation looks demanding (P/E ~26) relative to the deteriorating earnings and cash generation.
Positive Factors
Revenue growth acceleration
Sustained top-line growth and a clear 2026 acceleration indicate durable demand and scale expansion in core activities. Over 2–6 months this growth can enable better fixed-cost absorption, support project execution and provide a platform to restore margins if cash conversion is improved.
Negative Factors
Severe margin compression
Margins collapsing to near-breakeven materially reduce the company's ability to self-fund growth or absorb cost shocks. Persistently thin profits constrain reinvestment, weaken returns on capital, and leave little buffer for interest or capital expenditure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth acceleration
Sustained top-line growth and a clear 2026 acceleration indicate durable demand and scale expansion in core activities. Over 2–6 months this growth can enable better fixed-cost absorption, support project execution and provide a platform to restore margins if cash conversion is improved.
Read all positive factors
Central General Development Co., Ltd. (3238) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.71B
Dividend Yield1.29%
Average Volume (3M)8.40K
Price to Earnings (P/E)5.5
Beta (1Y)0.38
Revenue Growth30.03%
EPS Growth34.91%
CountryJP
Employees176
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)70.04
Shares Outstanding9,681,600
10 Day Avg. Volume6,160
30 Day Avg. Volume8,400
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.32
Price to Sales (P/S)0.09
P/FCF Ratio-8.69
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
Central General Development Co., Ltd. Business Overview & Revenue Model
Company Description
Central General Development Co., Ltd. operates within the real estate sector across Japan. Its core business involves the conceptualization, building, and marketing of residential condominium units. Beyond property development, the firm provides r...
How the Company Makes Money
null...
Central General Development Co., Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
42
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.35B | 38.45B | 30.88B | 31.93B | 30.39B | 29.31B |
| Gross Profit | 6.86B | 5.96B | 5.76B | 6.10B | 5.18B | 5.06B |
| EBITDA | 1.92B | 1.13B | 1.41B | 1.84B | 1.64B | 1.25B |
| Net Income | 672.71M | 147.60M | 497.35M | 904.57M | 845.48M | 630.07M |
Balance Sheet | ||||||
| Total Assets | 44.72B | 46.10B | 45.42B | 36.59B | 28.96B | 29.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.43B | 1.09B | 978.25M | 1.42B | 2.53B | 2.04B |
| Total Debt | 30.18B | 31.32B | 30.70B | 22.39B | 15.27B | 16.50B |
| Total Liabilities | 34.22B | 35.80B | 35.16B | 26.65B | 19.88B | 20.89B |
| Stockholders Equity | 10.49B | 10.30B | 10.26B | 9.94B | 9.09B | 8.35B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -383.44M | -8.60B | -8.09B | 1.87B | 1.11B |
| Operating Cash Flow | 0.00 | 178.04M | -7.61B | -6.85B | 2.66B | 2.36B |
| Investing Cash Flow | 0.00 | -545.13M | -969.22M | -1.25B | -789.67M | -1.25B |
| Financing Cash Flow | 0.00 | 481.19M | 8.14B | 6.98B | -1.38B | -370.72M |
Central General Development Co., Ltd. Technical Analysis
Positive
413.00
Price Trends
375.18
Positive
369.96
Positive
388.98
Negative
Market Momentum
3.41
Positive
57.28
Neutral
51.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3238, the sentiment is Positive. The current price of 413 is above the 20-day moving average (MA) of 382.35, above the 50-day MA of 375.18, and above the 200-day MA of 388.98, indicating a neutral trend. The MACD of 3.41 indicates Positive momentum. The RSI at 57.28 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3238.
Central General Development Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥4.48B | 4.63 | ― | 0.50% | 18.08% | 89.27% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | ¥64.82B | 9.22 | ― | 2.89% | 36.85% | 83.36% | |
57 Neutral | ¥4.82B | 2.67 | ― | 2.51% | 65.37% | ― | |
54 Neutral | ¥13.30B | 4.86 | ― | 1.47% | 16.61% | 12.65% | |
50 Neutral | ¥3.71B | 5.53 | ― | 3.41% | 30.03% | 34.91% | |
48 Neutral | ¥4.70B | -9.76 | ― | ― | 21.86% | -0.36% |
* Real Estate Sector Average
JP:3238
Central General Development Co., Ltd.
387.00
-26.46
-6.40%
JP:2991
LANDNET, Inc.
550.00
-110.32
-16.71%
JP:3237
Intrance Co., Ltd.
97.00
0.00
0.00%
JP:3252
JINUSHI Co.,Ltd.
2,980.00
18.01
0.61%
JP:8944
Land Business Co., Ltd.
242.00
34.32
16.53%
JP:8996
HouseFreedom Co., Ltd.
1,109.00
272.64
32.60%
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.