SPACE CO., LTD. (9622) AI Stock Analysis

• Market Cap: ¥28.17B
• Dividend Yield: 4.73%
• Average Volume (3M): 38.97K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.64
• Revenue Growth: 19.95%
• EPS Growth: 31.77%
• Country: JP
• Employees: 877
• Sector: Industrials
• Sector Strength: 90
• Industry: Engineering & Construction
• EPS (TTM): 45.94
• Shares Outstanding: 26,600,320
• 10 Day Avg. Volume: 24,220
• 30 Day Avg. Volume: 38,970
• PEG Ratio: -3.76
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

SPACE CO., LTD. is well-positioned with strong financials, showcasing consistent growth and stability. The low P/E ratio and high dividend yield enhance its attractiveness. Despite some bearish technical signals, the overall outlook remains positive due to solid fundamentals.

SPACE CO., LTD. Business Overview & Revenue Model

Company Description

SPACE CO., LTD. (9622) is a Japanese company operating primarily in the real estate sector. The company is engaged in the design, construction, and management of commercial spaces, including retail stores, restaurants, and office spaces. SPACE CO., LTD. focuses on creating innovative and functional environments that enhance customer experience and business performance.

How the Company Makes Money

SPACE CO., LTD. generates revenue through a variety of streams related to its core activities in the real estate and construction sectors. The company earns income by providing design and construction services for commercial spaces, charging fees for its expertise in creating tailored environments that meet client specifications. Additionally, SPACE CO., LTD. benefits from long-term contracts and leases through the management and operation of commercial facilities, ensuring a steady flow of income. Key partnerships with retail chains, restaurants, and corporate clients play a significant role in securing large-scale projects and recurring business, contributing to its financial stability and growth.

SPACE CO., LTD. Financial Statement Overview

Summary

SPACE CO., LTD. presents a strong financial position with consistent revenue and profit growth, a robust balance sheet, and effective cash flow management. The company demonstrates stability and a low-risk profile, making it well-positioned for future growth and resilience against industry fluctuations.

Income Statement

SPACE CO., LTD. shows strong financial performance with a consistent revenue growth, achieving a 21.56% increase in 2024. The gross profit margin stands at 11.03%, and the net profit margin improved to 3.98% in 2024, indicating effective cost management. EBIT and EBITDA margins are robust at 5.42% and 6.13%, respectively. Overall, the income statement reflects a positive growth trajectory and solid profitability.

Balance Sheet

The balance sheet of SPACE CO., LTD. is solid, with a low debt-to-equity ratio of 0.002, showcasing financial stability. The return on equity (ROE) is a healthy 7.83%, reflecting efficient use of equity capital. The equity ratio is strong at 79.66%, indicating a sound capital structure with low leverage risk. Overall, the balance sheet demonstrates financial strength and low risk of financial distress.

Cash Flow

The company displays positive cash flow generation, with a significant increase in free cash flow by 137.51% in 2024. The operating cash flow to net income ratio is 0.80, and the free cash flow to net income ratio is 0.69, indicating efficient cash utilization relative to net income. However, a slight decline in operating cash flow over the years poses a minor concern. Despite this, cash flow remains strong and supports financial health.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
64.18B	52.79B	46.71B	42.41B	40.03B
	Gross Profit
7.08B	6.11B	4.82B	4.78B	3.93B
	EBIT
3.48B	2.57B	2.10B	2.23B	1.34B
	EBITDA
4.00B	3.12B	2.51B	2.69B	2.00B
	Net Income Common Stockholders
2.55B	1.69B	1.39B	1.51B	1.10B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.85B	13.15B	14.05B	15.14B	13.62B
	Total Assets
40.95B	37.63B	35.40B	34.62B	33.77B
	Total Debt
60.12M	62.34M	61.13M	62.48M	3.74M
	Net Debt
-13.79B	-13.08B	-13.99B	-15.08B	-13.61B
	Total Liabilities
8.27B	6.87B	5.81B	5.32B	5.33B
	Stockholders Equity
32.62B	30.70B	29.56B	29.28B	28.42B
Cash Flow		Free Cash Flow
1.75B	738.17M	-104.25M	2.25B	3.50B
	Operating Cash Flow
2.05B	2.13B	-29.79M	2.28B	3.82B
	Investing Cash Flow
630.42M	-3.17B	-82.08M	-89.93M	311.31M
	Financing Cash Flow
-1.03B	-882.28M	-1.01B	-830.21M	-1.04B

SPACE CO., LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1141.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9622, the sentiment is Positive. The current price of 1141 is above the 20-day moving average (MA) of 1089.95, above the 50-day MA of 1090.70, and above the 200-day MA of 1102.77, indicating a bullish trend. The MACD of 11.03 indicates Negative momentum. The RSI at 64.24 is Neutral, neither overbought nor oversold. The STOCH value of 93.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9622.

SPACE CO., LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9622	80 Outperform	¥28.17B	10.32		4.73%	19.95%	31.77%
9735	75 Outperform	¥2.43T	21.06	8.55%	1.72%	3.60%	6.61%
9719	74 Outperform	¥1.38T	30.55		1.61%	24.10%	11.27%
9749	73 Outperform	¥638.12B	29.21	15.61%	0.43%	6.23%	78.16%
Sector *	64 Neutral	$4.38B	12.03	5.25%	249.91%	4.11%	-11.02%
4650	62 Neutral	¥2.47B	17.92		―	6.31%	460.73%
9706	58 Neutral	¥407.75B	14.81	15.24%	1.95%	32.68%	86.73%

SPACE CO., LTD. Corporate Events

SPACE CO., LTD. Reports Q1 2025 Financial Results with Growth in Sales and Profits

SPACE CO., LTD. reported its consolidated financial results for the first quarter of 2025, showing a notable increase in net sales and profits compared to the previous year. Despite a decrease in comprehensive income, the company maintains a strong equity-to-asset ratio, indicating a stable financial position. The forecast for the full year 2025 suggests a slight decline in net sales but a modest increase in operating and ordinary profits, reflecting the company’s strategic efforts to sustain growth amidst market challenges.

SPACE CO., LTD. Completes Treasury Shares Disposal

SPACE CO., LTD. has completed the payment procedure for the disposal of 34,200 treasury shares as restricted share-based remuneration, as resolved in their April 11, 2025 board meeting. This move involves a total disposal amount of 36,730,800 yen, with shares allocated to company directors and executive officers, potentially impacting the company’s financial structuring and stakeholder interests.

SPACE CO., LTD. Announces Disposal of Treasury Shares for Director Remuneration

SPACE CO., LTD. has announced its decision to dispose of 34,200 treasury shares as part of a restricted share-based remuneration plan for its directors and executive officers. This move aims to align the interests of its directors with shareholders by sharing the benefits and risks of share price fluctuations, thereby enhancing motivation to increase the company’s share price and corporate value. The transfer restriction period for these shares is set at 20 years, underscoring the company’s long-term strategic focus.

SPACE CO., LTD. Expands into Vietnam with New Subsidiary

SPACE CO., LTD. has established a wholly-owned subsidiary in Vietnam, named SPACE JAPAN(VN) CO.,LTD., as part of its strategy to strengthen group synergy and expand its business foundation in the ASEAN market. This move aligns with the company’s medium-term management plan to cultivate new business bases overseas, although the immediate impact on its consolidated business performance is expected to be minimal.