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Dualtap Co., Ltd.
(3469)
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Rating:43Neutral
Price Target:
¥871.00
▼(-6.44% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weak financial quality (sharp 2026 revenue decline, very thin margins, higher leverage, and a swing to negative operating/free cash flow). Technicals also remain bearish with negative MACD and sub-50 RSI. Valuation is not compelling enough to offset these risks given the high P/E, despite a moderate dividend yield.
Positive Factors
Improved Gross Margin and Return to Profitability
The improvement in gross margin and return to positive earnings indicate some recovery in project economics. If sustained across future developments, better gross profitability could provide a stronger foundation for earnings even though current margins remain limited.
Negative Factors
Sharp Revenue Contraction and Thin Earnings
The sharp revenue decline and very thin earnings margins point to uneven demand and limited operating resilience. Low profitability leaves little buffer against construction, financing, or selling-cost increases and makes future earnings highly dependent on project timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Gross Margin and Return to Profitability
The improvement in gross margin and return to positive earnings indicate some recovery in project economics. If sustained across future developments, better gross profitability could provide a stronger foundation for earnings even though current margins remain limited.
Read all positive factors
Dualtap Co., Ltd. (3469) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.93B
Dividend Yield2.79%
Average Volume (3M)8.46K
Price to Earnings (P/E)82.3
Beta (1Y)0.10
Revenue Growth-34.01%
EPS Growth-67.40%
CountryJP
Employees219
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)30.09
Shares Outstanding4,378,250
10 Day Avg. Volume9,620
30 Day Avg. Volume8,460
Financial Highlights & Ratios
PEG Ratio-1.17
Price to Book (P/B)1.46
Price to Sales (P/S)0.69
P/FCF Ratio-22.51
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
Dualtap Co., Ltd. Business Overview & Revenue Model
Company Description
Dualtap Co., Ltd. engages in the planning, development, and sale of real estate assets across Japan and international markets. The firm's comprehensive activities also include property management, real estate securitization, and operating as an in...
How the Company Makes Money
null...
Dualtap Co., Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
46
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.49B | 5.52B | 8.37B | 5.17B | 8.63B | 10.76B |
| Gross Profit | 1.15B | 1.10B | 1.11B | 842.95M | 1.28B | 1.14B |
| EBITDA | 283.56M | 243.75M | 219.24M | -119.47M | 367.44M | 204.99M |
| Net Income | 110.05M | 51.00M | 117.40M | -386.72M | 192.51M | 57.75M |
Balance Sheet | ||||||
| Total Assets | 6.61B | 6.69B | 5.48B | 6.00B | 5.28B | 5.03B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 2.16B | 1.33B | 1.03B | 1.99B | 855.29M |
| Total Debt | 3.70B | 3.61B | 2.64B | 3.72B | 2.60B | 2.58B |
| Total Liabilities | 4.02B | 4.05B | 3.13B | 4.21B | 3.08B | 2.99B |
| Stockholders Equity | 2.58B | 2.63B | 2.34B | 1.78B | 2.20B | 2.05B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -170.29M | 1.03B | -2.09B | 1.19B | 2.79B |
| Operating Cash Flow | 0.00 | -168.28M | 1.03B | -825.26M | 1.19B | 2.79B |
| Investing Cash Flow | 0.00 | -92.08M | -38.51M | -1.24B | -21.31M | 10.25M |
| Financing Cash Flow | 0.00 | 1.06B | -717.48M | 1.08B | -31.66M | -2.47B |
Dualtap Co., Ltd. Technical Analysis
Negative
931.00
Price Trends
916.96
Negative
955.27
Negative
945.71
Negative
Market Momentum
-5.23
Negative
39.94
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3469, the sentiment is Negative. The current price of 931 is above the 20-day moving average (MA) of 899.50, above the 50-day MA of 916.96, and below the 200-day MA of 945.71, indicating a bearish trend. The MACD of -5.23 indicates Negative momentum. The RSI at 39.94 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3469.
Dualtap Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ¥16.92B | 16.62 | ― | 1.11% | -33.90% | -0.66% | |
60 Neutral | ¥19.88B | 8.98 | ― | 3.69% | 16.09% | 13.39% | |
60 Neutral | ¥6.96B | 8.75 | ― | 3.17% | 47.56% | 230.17% | |
54 Neutral | ¥47.23B | 23.95 | ― | 3.75% | -4.27% | -53.05% | |
48 Neutral | ¥5.59B | 13.66 | ― | 2.73% | -31.90% | -80.08% | |
43 Neutral | ¥3.93B | 82.29 | ― | 1.31% | -34.01% | -67.40% |
* Real Estate Sector Average
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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.