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FORLIFE Co.,Ltd. (3477) AI Stock Analysis

JP:3477

FORLIFE Co.,Ltd.

(TSE/TYO:3477)

Select Model
Rating:63Neutral
Price Target:JPY 950.00â–²(13.10% Upside)
Action:reiterated
Date:08/18/26

The overall score is constrained by significant cash flow weaknesses, which present a major financial risk despite strong revenue growth and a healthy balance sheet. Positive technical momentum and an extremely attractive valuation provide support, but the inability to consistently convert profits into cash is the most critical factor weighing on the score.

Positive Factors
Revenue GrowthTwo consecutive years of revenue growth indicate a recovery in demand and improved sales execution after the weaker 2023–2024 period. Sustained top-line expansion can support operating leverage and provide a stronger base for future profitability.
Negative Factors
Negative Operating Cash FlowRepeatedly negative operating cash flow means reported earnings are not consistently converting into cash. This raises earnings-quality and liquidity concerns, particularly for a builder exposed to working-capital swings, project timing, and funding needs.

FORLIFE Co.,Ltd. (3477) vs. iShares MSCI Japan ETF (EWJ)

-15%-10%-5%0%5%10%15%20%25%30%JP:3477-0.23%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 3.32B
Dividend Yield
3.57%
Average Volume (3M)
3,744
Price to Earnings (P/E)
5.7
Beta (1Y)
0.44
Revenue Growth
10.74%
EPS Growth
55.50%
Country
Japan
Employees
115
Sector
Consumer Cyclical
Sector Strength
61
Industry
Residential Construction

FORLIFE Co.,Ltd. Business Overview & Revenue Model

Company Description

Headquartered in Yokohama, Japan, FORLIFE Co., Ltd. was established in 1996. The company is primarily engaged in the development and sale of residential properties, offering a range of options including condominiums, bespoke custom-built homes, and p...

How the Company Makes Money

null

FORLIFE Co.,Ltd. Financial Statement Overview

Summary

Revenue growth is solid (10.5% YoY) and the balance sheet is sound with moderate leverage and improving ROE. However, persistent negative operating and free cash flow in recent years severely undermines financial health, creating a mixed overall picture weighted down by liquidity risks.

Income Statement

65Positive

Balance Sheet

70Positive

Cash Flow

30Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue17.51B17.48B14.77B13.99B14.11B12.36B
Gross Profit2.24B2.18B1.77B1.38B1.49B1.80B
EBITDA953.29M899.26M919.53M292.91M411.62M777.64M
Net Income587.02M544.34M550.78M151.29M235.82M480.27M
Balance Sheet
Total Assets10.87B10.52B9.62B7.89B8.47B7.58B
Cash, Cash Equivalents and Short-Term Investments2.82B3.35B3.22B2.45B2.66B2.03B
Total Debt5.44B4.92B4.36B3.63B4.18B3.31B
Total Liabilities6.47B6.16B5.64B4.41B5.11B4.36B
Stockholders Equity4.40B4.36B3.97B3.47B3.36B3.22B
Cash Flow
Free Cash Flow0-260.79M-738.14M390.58M-151.52M-538.39M
Operating Cash Flow0-247.86M-736.51M791.36M46.88M-521.41M
Investing Cash Flow0-128.60M840.37M-411.63M-195.00M-30.01M
Financing Cash Flow0399.24M672.48M-592.22M777.54M418.79M

FORLIFE Co.,Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price840.00

Price Trends

50DMA876.45Negative
100DMA856.43Negative
200DMA844.09Negative

Market Momentum

MACD-12.10Positive
RSI25.97Positive
STOCH7.20Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3477, the sentiment is Negative. The current price of 840.00 is below the 20-day moving average (MA) of 861.90, below the 50-day MA of 876.45, and below the 200-day MA of 844.09, indicating a bearish trend. The MACD of -12.10 indicates Positive momentum. The RSI at 25.97 is Positive, neither overbought nor oversold. The STOCH value of 7.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3477.

FORLIFE Co.,Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:3477 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3477JP:347763NeutralJPY 3.32B5.72―3.57%10.74%55.50%
JP:1430JP:143062NeutralJPY 12.83B6.94―4.44%-15.70%17.12%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
JP:1420JP:142058NeutralJPY 7.70B9.58―3.96%-5.27%-42.46%
JP:2999JP:299948NeutralJPY 4.65B8.07―2.04%10.72%56.89%
JP:1873JP:187345NeutralJPY 12.48B8.24―4.21%-6.58%325.85%
JP:1444JP:144440UnderperformJPY 3.06B-21.82――1.83%-168.64%

* Consumer Cyclical Sector Average

Performance Comparison

0%20%40%JP:3477JP:1420JP:1430JP:1444JP:1873JP:2999Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3477 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3477FORLIFE Co.,Ltd.840.00-1.90-0.23%
JP:1420Sanyo Homes Corp.631.00-44.03-6.52%
JP:1430First-corporation Inc.1081.00195.8522.13%
JP:1444Nissou Co., Ltd.2793.00-7.00-0.25%
JP:1873NIHON HOUSE HOLDINGS Co., Ltd.309.0020.136.97%
JP:2999Home Position Co.,Ltd.490.0065.9615.56%
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: Aug 18, 2026