Starts Proceed Investment Corporation AI Stock Analysis
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Starts Proceed Investment Corporation (8979) AI Stock Analysis
Starts Proceed Investment Corporation
(TSE/TYO:8979)
The score is led by mixed financial performance (solid profitability and a stable balance sheet, but notable revenue and free-cash-flow declines) and is meaningfully held back by bearish technical signals. Valuation is a support due to the attractive dividend yield and moderate P/E.
Starts Proceed Investment Corporation (8979) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 43.53B
- Dividend Yield
- 6.42%
- Average Volume (3M)
- 818
- Price to Earnings (P/E)
- 18.0
- Beta (1Y)
- 0.12
- Revenue Growth
- -3.85%
- EPS Growth
- -9.62%
- Country
- Japan
- Employees
- ―
- Sector
- General
- Sector Strength
- 55
- Industry
- REIT - Residential
Starts Proceed Investment Corporation Business Overview & Revenue Model
Company Description
After three capital increases through public offering and other developments since listing on the JASDAQ Market, SPI listed on the Tokyo Stock Exchange, Inc. Real Estate Investment Trust Securities Market (Securities Code: 8979) on July 27, 2010, and...
How the Company Makes Money
The company makes money primarily by earning rental and leasing income from the real estate properties it owns (or has beneficial interests in), and by managing property-level operating costs to generate net property income. Additional earnings can c...
Starts Proceed Investment Corporation Financial Statement Overview
Summary
Profitable with a stable balance sheet (manageable ~1.1 debt-to-equity), but fundamentals are pressured by a sharp revenue decline (down 24.73% latest year) and weakening free cash flow (down 41.02%), which raises risk to future earnings and distribution support.
Income Statement
65PositiveBalance Sheet
70PositiveCash Flow
60Neutral| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.98B | 7.47B | 7.53B | 7.21B | 6.57B | 6.34B |
| Gross Profit | 2.03B | 2.19B | 4.41B | 4.11B | 3.77B | 3.58B |
| EBITDA | 4.67B | 4.71B | 4.71B | 4.54B | 4.17B | 4.03B |
| Net Income | 2.41B | 2.59B | 2.79B | 2.63B | 2.50B | 2.34B |
Balance Sheet | ||||||
| Total Assets | 104.33B | 101.72B | 103.83B | 103.44B | 90.63B | 90.26B |
| Cash, Cash Equivalents and Short-Term Investments | 3.89B | 3.88B | 1.26B | 1.19B | 1.43B | 1.56B |
| Total Debt | 55.95B | 53.25B | 53.26B | 52.85B | 45.65B | 45.65B |
| Total Liabilities | 57.75B | 55.01B | 55.01B | 54.59B | 47.14B | 46.92B |
| Stockholders Equity | 46.59B | 46.70B | 48.82B | 48.85B | 43.48B | 43.34B |
Cash Flow | ||||||
| Free Cash Flow | -411.95M | 4.96B | 2.45B | -9.74B | 2.31B | 2.71B |
| Operating Cash Flow | 4.10B | 6.49B | 7.29B | 5.02B | 7.25B | 4.68B |
| Investing Cash Flow | -4.53B | -1.55B | -4.88B | -14.68B | -5.00B | -1.99B |
| Financing Cash Flow | -115.58M | -4.74B | -2.41B | 9.92B | -2.37B | -2.58B |
Starts Proceed Investment Corporation Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8979, the sentiment is Negative. The current price of 159600.00 is below the 20-day moving average (MA) of 167512.43, below the 50-day MA of 173631.25, and below the 200-day MA of 184200.61, indicating a bearish trend. The MACD of -3390.04 indicates Positive momentum. The RSI at 30.82 is Neutral, neither overbought nor oversold. The STOCH value of 7.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8979.
Starts Proceed Investment Corporation Peers Comparison
Overall Rating
JP:898668Neutral
JP:326965Neutral
JP:328262Neutral- JP:897961Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:8986 | 68Neutral | JPY 190.17B | 14.12 | 7.17% | 6.47% | 41.67% | 1.13% |
| JP:3269 | 65Neutral | JPY 374.87B | 20.58 | 7.28% | 4.97% | -3.67% | 9.35% |
| JP:3282 | 62Neutral | JPY 211.47B | 19.44 | ― | 4.84% | 17.32% | 9.81% |
| JP:8979 | 61Neutral | JPY 43.67B | 18.03 | ― | 6.42% | -3.85% | -9.62% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:8979 | Starts Proceed Investment Corporation | 159600.00 | -33784.05 | -17.47% | |
| JP:3269 | Advance Residence Investment Corporation | 129800.00 | -32240.06 | -19.90% | |
| JP:8986 | Daiwa Securities Living Investment Corporation | 79400.00 | -29091.80 | -26.81% | |
| JP:3282 | Comforia Residential REIT, Inc. | 85600.00 | -20274.88 | -19.15% | |
| JP:3290 | One REIT. Inc. | 70600.00 | -15103.77 | -17.62% | |
| JP:3459 | Samty Residential Investment Corp. | 75600.00 | -37052.36 | -32.89% |
Starts Proceed Investment Corporation Corporate Events
Starts Proceed REIT Completes Tokyo Property Acquisition
Starts Proceed Investment Corporation has completed the acquisition of a specified real estate asset in Tokyo, Proceed Musashisakai in Mitaka-shi, through a trust beneficiary interest transaction. The property was acquired for ¥2.05 billion, excludin...
Starts Proceed Investment Completes Sale of Tokyo Real Estate Interest
Starts Proceed Investment Corporation has completed the sale of its trust beneficiary interest in the Proceed Nishikasai property located in Edogawa-ku, Tokyo. The asset was sold to a domestic business corporation for ¥1,176 million, excluding taxes...
Starts Proceed REIT Taps New Loan to Fund Property Acquisition
Starts Proceed Investment Corporation has approved a new term loan of 1 billion yen with three Japanese banks to help finance the acquisition of a specified domestic real estate asset scheduled for October 1, 2026. The unsecured, floating-rate facili...
Starts Proceed Brings Forward Sale Date of Proceed Nishikasai to Align with New Acquisition
Starts Proceed Investment Corporation has moved up the planned disposition date for its trust beneficiary interest in the domestic residential property Proceed Nishikasai, shifting the closing from October 23, 2026 to September 30, 2026. The change w...
Starts Proceed REIT to Acquire Mitaka Rental Housing Asset for ¥2.05 Billion
Starts Proceed Investment Corporation will acquire a trust beneficiary interest in a rental housing property in Mitaka, Tokyo, to be renamed Proceed Musashisakai, for ¥2.05 billion, with contract signing slated for August 31 and completion on October...
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: Nov 05, 2026