FJ NEXT HOLDINGS CO. LTD. (8935) AI Stock Analysis

FJ NEXT HOLDINGS CO. LTD.

(TSE/TYO:8935)

Select Model

Rating:85Outperform

Price Target:JPY 2,378.00▲(26.15% Upside)

Action:reiterated

Date:08/17/26

FJ NEXT HOLDINGS earns a strong overall score driven primarily by its deeply discounted valuation and robust financial foundations. The exceptionally low P/E ratio of 5.59 and solid dividend yield make it an attractive value play. Furthermore, the company boasts a highly stable, low-leverage balance sheet and accelerating revenue growth, which easily offset the historical lumpiness in cash flows. Finally, the stock's technical posture is overwhelmingly bullish, trading comfortably above all major moving averages and reflecting sustained investor demand.

Positive Factors

Revenue and profit growthThe latest rebound shows stronger demand and operating scale, with revenue accelerating and profit growing faster than sales. If sustained, this combination can strengthen earnings capacity and support reinvestment across the real-estate portfolio.

Negative Factors

Volatile cash flowRepeated swings in operating cash flow reduce earnings visibility and may reflect working-capital or project-timing pressures typical of real estate. Persistent volatility could constrain investment capacity and make shareholder distributions less predictable.

FJ NEXT HOLDINGS CO. LTD. (8935) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 62.62B
Dividend Yield: 4.08%
Average Volume (3M): 61.99K
Price to Earnings (P/E): 5.3
Beta (1Y): 0.91
Revenue Growth: 25.90%
EPS Growth: 54.09%
Country: Japan
Employees: 600
Sector: General
Sector Strength: 55
Industry: Real Estate - Diversified

FJ NEXT HOLDINGS CO. LTD. Business Overview & Revenue Model

Company Description

FJ Next Holdings Co., Ltd. is a Tokyo-headquartered Japanese company, established in 1980, with a diverse business portfolio centered around real estate. The firm specializes in the conceptualization, development, marketing, and brokering of properti...

How the Company Makes Money

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FJ NEXT HOLDINGS CO. LTD. Financial Statement Overview

Summary

FJ NEXT HOLDINGS demonstrates strong financial health, pairing consistent revenue growth with an exceptionally stable balance sheet. The company maintains very low leverage, with a debt-to-equity ratio of just 0.18, providing a substantial capital buffer. While cash flows exhibit typical real estate sector volatility, a recent rebound to positive free cash flow underscores robust fundamentals and operational efficiency.

Income Statement

85Very Positive

Balance Sheet

90Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	142.37B	142.37B	112.43B	100.41B	84.69B	82.26B
Gross Profit	26.67B	26.49B	20.64B	20.17B	18.85B	19.74B
EBITDA	14.81B	14.88B	9.85B	9.79B	8.62B	9.50B
Net Income	10.01B	10.01B	6.48B	6.45B	5.62B	6.34B
Balance Sheet
Total Assets	113.87B	113.87B	105.48B	95.28B	88.94B	82.66B
Cash, Cash Equivalents and Short-Term Investments	25.74B	25.74B	24.47B	34.60B	32.25B	35.59B
Total Debt	14.75B	14.75B	18.23B	12.75B	12.10B	12.64B
Total Liabilities	32.74B	32.74B	32.55B	27.25B	25.92B	23.74B
Stockholders Equity	81.13B	81.13B	72.92B	68.03B	63.02B	58.92B
Cash Flow
Free Cash Flow	0	6.83B	-13.98B	4.62B	-4.57B	22.12B
Operating Cash Flow	0	7.10B	-13.88B	4.67B	-4.53B	22.21B
Investing Cash Flow	0	-3.45B	4.91B	-5.04B	1.93B	7.00M
Financing Cash Flow	0	-5.38B	3.84B	-2.29B	-738.00M	-9.68B

FJ NEXT HOLDINGS CO. LTD. Technical Analysis

Technical Analysis SentimentNeutral

Last Price1885.00

Price Trends

50DMA1954.08Negative

100DMA1871.82Positive

200DMA1741.14Positive

Market Momentum

MACD-4.39Positive

RSI45.12Neutral

STOCH14.56Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8935, the sentiment is Neutral. The current price of 1885.00 is below the 20-day moving average (MA) of 1936.40, below the 50-day MA of 1954.08, and above the 200-day MA of 1741.14, indicating a neutral trend. The MACD of -4.39 indicates Positive momentum. The RSI at 45.12 is Neutral, neither overbought nor oversold. The STOCH value of 14.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8935.

FJ NEXT HOLDINGS CO. LTD. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:8935 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:8935	85Outperform	JPY 62.49B	5.28	―	4.08%	25.90%	54.09%
JP:3465	73Outperform	JPY 97.31B	5.36	―	4.64%	14.60%	77.73%
JP:8934	72Outperform	JPY 125.88B	6.99	13.50%	3.55%	3.39%	-6.00%
JP:3252	60Neutral	JPY 57.05B	8.18	―	4.73%	36.85%	83.36%
JP:2980	59Neutral	JPY 35.69B	11.89	―	0.82%	43.47%	151.64%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:8818	53Neutral	JPY 88.34B	11.05	―	2.70%	1.72%	65.38%

* General Sector Average

Performance Comparison

JP:8935 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:8935	FJ NEXT HOLDINGS CO. LTD.	1912.00	469.16	32.52%
JP:8934	Sun Frontier Fudousan Co	2200.00	-0.70	-0.03%
JP:2980	SRE Holdings Corp.	2193.00	-567.65	-20.56%
JP:3252	JINUSHI Co.,Ltd.	2645.00	-101.31	-3.69%
JP:3465	KI-Star Real Estate Co., Ltd.	3070.00	570.82	22.84%
JP:8818	Keihanshin Building Co., Ltd.	926.00	64.69	7.51%

FJ NEXT HOLDINGS CO. LTD. Corporate Events

FJ NEXT HOLDINGS Forecasts Modest Profit Growth for FY2027

Jul 31, 2026

FJ NEXT HOLDINGS CO. LTD. has issued a forecast for the fiscal year ending March 31, 2027, projecting net sales of ¥152 billion, up 6.8% year on year, and net income attributable to shareholders of ¥10.5 billion, a 4.9% increase, implying e...

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 17, 2026

FJ NEXT HOLDINGS CO. LTD. AI Stock Analysis