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KI-Star Real Estate Co., Ltd.
(3465)
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Rating:66Neutral
Price Target:
¥3,537.00
▼(-46.25% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weak cash conversion (multi-year negative operating/free cash flow) and elevated leverage, despite strong revenue growth and decent reported profitability. Offsetting these risks are favorable technical momentum (price above key moving averages with positive MACD) and attractive valuation (low P/E plus ~3% dividend yield).
Positive Factors
Revenue Expansion
Revenue has expanded strongly, including 2026 sales growth of 9.6% after 31.2% growth in 2023. This indicates continued business expansion and a growing operating base, which can support future earnings generation if the company maintains demand and execution.
Negative Factors
Persistent Negative Cash Flow
Operating cash flow was negative in every year from 2022 through 2026, and free cash flow was also consistently negative. Persistent divergence between accounting profits and cash generation can constrain self-funded growth and increase dependence on financing or working-capital timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
Revenue has expanded strongly, including 2026 sales growth of 9.6% after 31.2% growth in 2023. This indicates continued business expansion and a growing operating base, which can support future earnings generation if the company maintains demand and execution.
Read all positive factors
KI-Star Real Estate Co., Ltd. (3465) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥103.81B
Dividend Yield3.57%
Average Volume (3M)168.94K
Price to Earnings (P/E)5.7
Beta (1Y)0.81
Revenue Growth14.60%
EPS Growth77.73%
CountryJP
Employees2,897
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)495.08
Shares Outstanding31,738,300
10 Day Avg. Volume192,420
30 Day Avg. Volume168,940
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.39
Price to Sales (P/S)0.26
P/FCF Ratio-3.65
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)608.7
Revenue Forecast (FY)¥460.73B
KI-Star Real Estate Co., Ltd. Business Overview & Revenue Model
Company Description
Ki-Star Real Estate Co.,Ltd operates as a property development and management firm based in Japan. The company's core activities encompass the construction and sale of various residential properties, including condominiums, detached houses, and cu...
KI-Star Real Estate Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
52
Neutral
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 393.90B | 342.55B | 283.08B | 241.88B | 184.39B |
| Gross Profit | 55.46B | 41.99B | 32.58B | 37.66B | 40.04B |
| EBITDA | 29.20B | 18.41B | 12.52B | 20.12B | 24.22B |
| Net Income | 15.36B | 8.86B | 6.74B | 11.85B | 14.75B |
Balance Sheet | |||||
| Total Assets | 355.62B | 294.55B | 246.05B | 199.46B | 163.24B |
| Cash, Cash Equivalents and Short-Term Investments | 76.03B | 71.91B | 56.05B | 47.86B | 43.04B |
| Total Debt | 223.40B | 184.00B | 154.36B | 113.67B | 86.10B |
| Total Liabilities | 272.63B | 225.75B | 184.91B | 142.93B | 114.20B |
| Stockholders Equity | 73.33B | 60.14B | 54.51B | 50.99B | 44.04B |
Cash Flow | |||||
| Free Cash Flow | -27.85B | -1.04B | -16.09B | -17.01B | -21.51B |
| Operating Cash Flow | -27.48B | -626.00M | -15.28B | -16.39B | -20.71B |
| Investing Cash Flow | -4.05B | -7.54B | -4.89B | -2.48B | -3.11B |
| Financing Cash Flow | 35.31B | 22.21B | 27.07B | 22.39B | 36.56B |
KI-Star Real Estate Co., Ltd. Technical Analysis
Negative
6580.00
Price Trends
3659.80
Negative
3553.35
Negative
3400.74
Negative
Market Momentum
-89.27
Positive
30.40
Neutral
2.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3465, the sentiment is Negative. The current price of 6580 is above the 20-day moving average (MA) of 3687.25, above the 50-day MA of 3659.80, and above the 200-day MA of 3400.74, indicating a bearish trend. The MACD of -89.27 indicates Positive momentum. The RSI at 30.40 is Neutral, neither overbought nor oversold. The STOCH value of 2.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3465.
KI-Star Real Estate Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥80.08B | 6.93 | ― | 4.90% | 48.74% | 59.27% | |
72 Outperform | ¥140.47B | 7.80 | 13.50% | 3.22% | 3.39% | -6.00% | |
70 Outperform | ¥207.45B | 9.85 | 56.22% | 1.54% | 3.31% | 72.40% | |
66 Neutral | ¥103.81B | 5.72 | ― | 3.57% | 14.60% | 77.73% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | ¥62.62B | 8.98 | ― | 4.58% | 36.85% | 83.36% | |
54 Neutral | ¥39.56B | 13.18 | ― | 0.76% | 43.47% | 151.64% |
* Real Estate Sector Average
JP:3465
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KI-Star Real Estate Co., Ltd. Corporate Events
KI-Star Real Estate Ties Q1 FY3/27 Results to Mission of Expanding Homeownership
Aug 13, 2026
KI-Star Real Estate has released its financial results for the first quarter of the fiscal year ending March 2027, framing the disclosure within its broader corporate purpose. The company emphasizes its mission of “house ownership for everyo...
KI-STAR Real Estate Lifts Earnings and Dividend Outlook on Firm Housing Demand
Aug 13, 2026
KI-STAR REAL ESTATE has raised its consolidated full-year forecast for the fiscal year ending March 31, 2027, projecting net sales of ¥460 billion and profit attributable to owners of parent of ¥19.3 billion, reflecting around 10% growth...
KI-STAR REAL ESTATE Doubles Quarterly Profit and Lifts Full-Year Outlook
Aug 13, 2026
KI-STAR REAL ESTATE reported strong first-quarter results for the fiscal year ending March 31, 2027, with net sales rising 21.5% year on year to ¥102.7 billion and operating profit surging 85.7% to ¥8.4 billion. Profit attributable to ow...
KI-Star Real Estate Corrects FY3/26 Financial Results Data on Personnel Expenses
Jun 12, 2026
KI-Star Real Estate has issued a correction to its previously disclosed financial results briefing materials for the fiscal year ended March 31, 2026, which were initially released on May 14, 2026. The company identified errors in the reported sel...
KI-Star Real Estate Corrects Selected Line Items in FY2026 Consolidated Results
Jun 12, 2026
KI-Star Real Estate Co., Ltd. has issued a correction to its previously disclosed consolidated financial results for the fiscal year ended March 31, 2026, under Japanese GAAP. The revisions adjust specific line items in selling, general and admini...
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.