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Grandes, Inc. (3261) AI Stock Analysis

JP:3261

Grandes, Inc.

(TSE/TYO:3261)

Select Model
Rating:50Neutral
Price Target:JPY 418.00â–¼(-3.46% Downside)
Action:reiterated
Date:09/06/26

The score is primarily held back by weakened financial performance (revenue decline, net loss, higher leverage, and negative operating/free cash flow). Technical indicators are moderately supportive in the near term (positive MACD and price above shorter-term averages), and valuation is neutral-to-slightly supportive due to the ~3.6% dividend yield despite a mid-range P/E.

Positive Factors
Positive Gross MarginA still-positive gross margin indicates the company retained some underlying spread between revenue and direct costs despite the latest downturn. This provides a base for recovery if revenue stabilizes, although the benefit is currently offset by sharply weaker operating and net profitability.
Negative Factors
Revenue and Margin DeclineThe simultaneous contraction in revenue and operating margins indicates weakening business performance rather than an isolated bottom-line fluctuation. If this persists, reduced scale and operating leverage could continue suppressing earnings, limiting internally funded growth and weakening resilience over the next several quarters.

Grandes, Inc. (3261) vs. iShares MSCI Japan ETF (EWJ)

-80%-60%-40%-20%0%20%40%JP:3261-61.03%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 1.78B
Dividend Yield
3.46%
Average Volume (3M)
5,620
Price to Earnings (P/E)
19.0
Beta (1Y)
0.29
Revenue Growth
-10.39%
EPS Growth
-31.92%
Country
Japan
Employees
60
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Grandes, Inc. Business Overview & Revenue Model

Company Description

Headquartered in Oita, Japan, GRANDES, Inc. was established in 2006. The company primarily focuses on the Japanese real estate market, undertaking the development and sale of various residential properties, such as houses, condominiums, and apartment...

Grandes, Inc. Financial Statement Overview

Summary

Financial results show a clear deterioration: revenue fell ~10.2% in 2025, profitability weakened to a slight net loss, leverage rose materially (debt-to-equity ~0.84 vs ~0.37), and cash generation turned sharply negative (operating and free cash flow both negative). Prior-year profitability provides some support, but the latest year elevates execution and liquidity risk.

Income Statement

46Neutral

Balance Sheet

48Neutral

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.42B3.43B4.23B4.60B2.66B2.81B
Gross Profit741.20M742.78M1.26B940.00M609.15M622.47M
EBITDA201.03M105.70M507.26M160.00M191.81M352.49M
Net Income93.38M-3.11M251.05M178.00M65.68M182.66M
Balance Sheet
Total Assets5.05B5.55B4.53B4.09B4.40B3.78B
Cash, Cash Equivalents and Short-Term Investments808.79M1.01B1.61B1.17B1.64B703.11M
Total Debt1.96B2.24B1.04B1.21B1.54B1.59B
Total Liabilities2.40B2.86B1.75B2.02B2.46B1.86B
Stockholders Equity2.65B2.69B2.77B2.06B1.93B1.92B
Cash Flow
Free Cash Flow0-548.53M165.66M-229.00M685.54M840.65M
Operating Cash Flow0-525.79M176.66M-221.00M685.81M845.69M
Investing Cash Flow0-408.03M-17.39M125.00M362.44M-29.91M
Financing Cash Flow0291.34M279.08M-377.33M-107.33M-943.35M

Grandes, Inc. Technical Analysis

Technical Analysis SentimentNeutral
Last Price433.00

Price Trends

50DMA428.84Positive
100DMA412.79Positive
200DMA448.02Negative

Market Momentum

MACD-0.29Positive
RSI49.24Neutral
STOCH55.04Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3261, the sentiment is Neutral. The current price of 433.00 is below the 20-day moving average (MA) of 438.80, above the 50-day MA of 428.84, and below the 200-day MA of 448.02, indicating a neutral trend. The MACD of -0.29 indicates Positive momentum. The RSI at 49.24 is Neutral, neither overbought nor oversold. The STOCH value of 55.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3261.

Grandes, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

JP:3261 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:8996JP:899672OutperformJPY 4.48B4.64―4.95%18.08%89.27%
JP:8944JP:894469NeutralJPY 5.02B2.79―2.37%65.37%―
JP:8912JP:891268NeutralJPY 2.32B19.19―2.56%1.82%15.56%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
JP:8946JP:894658NeutralJPY 1.84B-21.50――34.38%-322.45%
JP:3261JP:326150NeutralJPY 1.74B19.01―3.46%-10.39%-31.92%
JP:3238JP:323844NeutralJPY 3.55B5.24―1.36%30.03%34.91%

* Real Estate Sector Average

Performance Comparison

-50%-25%0%25%JP:3261JP:3238JP:8912JP:8944JP:8946JP:8996Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:3261 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3261Grandes, Inc.433.00-678.24-61.03%
JP:3238Central General Development Co., Ltd.367.00-41.50-10.16%
JP:8912Area Quest Inc.156.00-0.38-0.25%
JP:8944Land Business Co., Ltd.253.0026.5011.70%
JP:8946Asian Star Co.69.00-33.00-32.35%
JP:8996HouseFreedom Co., Ltd.1110.00203.0722.39%
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: Sep 06, 2026