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Space Market, Inc. (4487) AI Stock Analysis

JP:4487

Space Market, Inc.

(TSE/TYO:4487)

Select Model
Rating:62Neutral
Price Target:JPY 220.00â–²(5.26% Upside)
Action:reiterated
Date:09/11/26

The company's strong revenue growth and high margins are overshadowed by a severe deterioration in cash flow generation, which is the primary risk factor. Technicals show mixed signals with short-term strength against a weak long-term trend, while the valuation appears fair.

Positive Factors
Strong Revenue GrowthSustained revenue expansion since 2021, including double-digit growth in 2025, indicates continuing demand and business momentum. If maintained, this top-line growth can broaden the operating base, support reinvestment, and provide a foundation for earnings growth over the next several quarters.
Negative Factors
Weak Cash ConversionThe sharp deterioration in operating cash flow and the shift to negative free cash flow create a quality-of-earnings concern because reported profits are not currently converting into cash. Continued weakness would reduce internally funded growth and increase reliance on external financing.

Space Market, Inc. (4487) vs. iShares MSCI Japan ETF (EWJ)

-40%-30%-20%-10%0%10%20%30%JP:4487-35.29%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 2.53B
Dividend Yield
―
Average Volume (3M)
6,830
Price to Earnings (P/E)
13.5
Beta (1Y)
0.85
Revenue Growth
28.76%
EPS Growth
-20.95%
Country
Japan
Employees
73
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Space Market, Inc. Business Overview & Revenue Model

Company Description

SpaceMarket is a Japanese company that runs an online platform dedicated to space sharing throughout the nation. It serves as a digital marketplace, offering a variety of underutilized or vacant locations available for temporary, on-demand rental. Cu...

Space Market, Inc. Financial Statement Overview

Summary

Strong revenue growth and high gross margins are offset by a sharp decline in operating cash flow to near zero and negative free cash flow in 2025, indicating poor cash conversion. The balance sheet is stable but shows a concerning spike in debt.

Income Statement

75Positive

Balance Sheet

65Positive

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.84B2.57B1.97B1.56B1.23B1.23B
Gross Profit2.15B1.96B1.53B1.24B907.64M887.11M
EBITDA339.31M356.03M248.28M-133.42M-56.81M97.63M
Net Income187.85M214.02M181.64M-168.41M-114.93M38.61M
Balance Sheet
Total Assets3.55B3.74B2.53B2.05B1.70B1.70B
Cash, Cash Equivalents and Short-Term Investments1.25B1.16B911.33M558.14M445.00M571.51M
Total Debt915.11M813.22M231.75M178.85M191.90M79.49M
Total Liabilities2.48B2.73B1.77B1.49B998.77M898.38M
Stockholders Equity1.07B1.01B762.70M551.93M698.35M800.71M
Cash Flow
Free Cash Flow0-29.39M359.00M174.55M-202.44M-33.13M
Operating Cash Flow015.31M381.55M215.12M-159.19M85.87M
Investing Cash Flow0-256.08M-84.57M-89.48M-82.88M-224.97M
Financing Cash Flow0485.88M56.21M-12.50M115.57M-65.73M

Space Market, Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price209.00

Price Trends

50DMA221.30Negative
100DMA221.81Negative
200DMA256.99Negative

Market Momentum

MACD-3.51Negative
RSI37.53Neutral
STOCH28.89Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4487, the sentiment is Negative. The current price of 209.00 is below the 20-day moving average (MA) of 211.90, below the 50-day MA of 221.30, and below the 200-day MA of 256.99, indicating a bearish trend. The MACD of -3.51 indicates Negative momentum. The RSI at 37.53 is Neutral, neither overbought nor oversold. The STOCH value of 28.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4487.

Space Market, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

JP:4487 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3484JP:348477OutperformJPY 21.83B16.59―2.78%15.49%0.39%
JP:3482JP:348270OutperformJPY 49.40B5.59―2.94%25.20%12.84%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
JP:4487JP:448762NeutralJPY 2.54B13.46――28.76%-20.95%
JP:3479JP:347959NeutralJPY 82.19B5.73――50.70%364.91%
JP:5527JP:552756NeutralJPY 10.37B9.38―2.99%5.13%-18.74%
JP:5532JP:553251NeutralJPY 23.11B28.43――11.09%27.53%

* Real Estate Sector Average

Performance Comparison

-25%0%25%50%JP:4487JP:3479JP:3482JP:3484JP:5527JP:5532Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:4487 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4487Space Market, Inc.209.00-113.00-35.09%
JP:3479TKP Corp1968.00242.0014.02%
JP:3482Loadstar Capital KK2438.0094.434.03%
JP:3484Tenpo Innovation CO.,LTD.1223.00178.3317.07%
JP:5527property technologies, Inc.849.0073.999.55%
JP:5532REALGATE INC.3565.00973.0037.54%
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 11, 2026