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SPACE CO., LTD.
(9622)
Select Model
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Rating:78Outperform
Price Target:
¥1,638.00
▲(11.28% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance (especially the very low leverage balance sheet and improving profitability) and compelling valuation (low P/E and high dividend yield). Technical indicators are mixed/neutral, which tempers the overall rating.
Positive Factors
Conservative balance sheet
The company’s near-zero leverage provides durable financial flexibility and resilience. Low debt reduces refinancing and solvency risk, supports stable dividends and opportunistic bidding or M&A, and cushions project-timing volatility typical in construction businesses.
Negative Factors
Cash-flow volatility
Cash generation has been uneven due to project timing and working-capital swings. This volatility can strain liquidity around large projects or slowdowns, forcing short-term financing or delaying capex and dividends, and adds execution risk to otherwise solid accounting profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
The company’s near-zero leverage provides durable financial flexibility and resilience. Low debt reduces refinancing and solvency risk, supports stable dividends and opportunistic bidding or M&A, and cushions project-timing volatility typical in construction businesses.
Read all positive factors
SPACE CO., LTD. (9622) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥35.98B
Dividend Yield5.91%
Average Volume (3M)36.58K
Price to Earnings (P/E)9.4
Beta (1Y)0.66
Revenue Growth5.43%
EPS Growth33.52%
CountryJP
Employees990
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)156.90
Shares Outstanding26,600,320
10 Day Avg. Volume29,990
30 Day Avg. Volume36,580
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.09
Price to Sales (P/S)0.53
P/FCF Ratio15.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SPACE CO., LTD. Business Overview & Revenue Model
Company Description
Space Co., Ltd., established in 1948 and headquartered in Tokyo, Japan, offers a comprehensive range of services, including the conceptualization, architectural design, project supervision, and construction of various facilities throughout Japan. ...
How the Company Makes Money
SPACE CO., LTD. makes money mainly by providing commercial interior and store-construction services on a project basis. Revenue is generated when the company is contracted to (1) plan and design spaces (earning design/planning fees), and (2) execu...
SPACE CO., LTD. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.56B | 71.51B | 64.18B | 52.79B | 46.71B | 42.41B |
| Gross Profit | 8.15B | 8.27B | 7.08B | 6.11B | 4.82B | 4.78B |
| EBITDA | 5.25B | 5.18B | 4.00B | 3.12B | 2.51B | 2.69B |
| Net Income | 3.85B | 3.77B | 2.55B | 1.69B | 1.39B | 1.51B |
Balance Sheet | ||||||
| Total Assets | 44.23B | 45.13B | 40.95B | 37.63B | 35.40B | 34.62B |
| Cash, Cash Equivalents and Short-Term Investments | 16.89B | 14.87B | 13.85B | 13.15B | 14.05B | 15.14B |
| Total Debt | 0.00 | 54.56M | 60.12M | 62.34M | 61.13M | 62.48M |
| Total Liabilities | 8.58B | 10.22B | 8.27B | 6.87B | 5.81B | 5.32B |
| Stockholders Equity | 35.65B | 34.85B | 32.62B | 30.70B | 29.56B | 29.28B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.51B | 1.75B | 738.17M | -104.25M | 2.25B |
| Operating Cash Flow | 0.00 | 2.91B | 2.05B | 2.13B | -29.79M | 2.28B |
| Investing Cash Flow | 0.00 | -1.33B | 630.42M | -3.17B | -82.08M | -89.93M |
| Financing Cash Flow | 0.00 | -1.50B | -1.03B | -882.28M | -1.01B | -830.21M |
SPACE CO., LTD. Technical Analysis
Positive
1472.00
Price Trends
1433.65
Positive
1441.15
Positive
1460.72
Positive
Market Momentum
7.32
Negative
58.40
Neutral
76.65
Neutral
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 1472 is above the 20-day moving average (MA) of 1445.85, above the 50-day MA of 1433.65, and above the 200-day MA of 1460.72, indicating a bullish trend. The MACD of 7.32 indicates Negative momentum. The RSI at 58.40 is Neutral, neither overbought nor oversold. The STOCH value of 76.65 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥35.98B | 9.38 | ― | 5.91% | 5.43% | 33.52% | |
76 Outperform | ¥89.85B | 13.24 | ― | 1.25% | 7.70% | 18.20% | |
67 Neutral | ¥20.71B | 12.92 | ― | 3.59% | 1.71% | 20.61% | |
67 Neutral | ¥27.06B | 11.05 | ― | 2.37% | 3.65% | 19.76% | |
63 Neutral | ¥7.67B | 13.84 | ― | 2.03% | 23.05% | 8.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | ¥21.25B | -38.14 | ― | ― | -9.88% | -12.16% |
* General Sector Average
JP:9622
SPACE CO., LTD.
1,470.00
198.22
15.59%
JP:4642
Original Engineering Consultants Co., Ltd.
1,410.00
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JP:6085
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201.00
174.30
652.81%
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1,155.00
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JP:9621
CTI Engineering Co., Ltd.
3,195.00
327.28
11.41%
JP:9768
Idea Consultants,inc.
3,905.00
754.87
23.96%
SPACE CO., LTD. Corporate Events
SPACE CO., LTD. Boosts Profits Despite Lower Sales in First Half of 2026
Aug 6, 2026
SPACE CO., LTD. reported mixed financial results for the six months ended June 30, 2026, with net sales declining 2.8% year on year to ¥32,923 million as weakness in the commercial complex and general merchandise store segment offset steady p...
SPACE CO., LTD. Holds Profit Gains on Lower Sales and Lifts Interim Dividend While Flagging Full-Year Earnings Decline
Aug 6, 2026
SPACE CO., LTD. reported consolidated net sales of ¥32.9 billion for the six months ended June 30, 2026, a 2.8% decline year on year, while operating profit edged up 1.9% to ¥2.7 billion and profit attributable to owners of parent rose 4...
SPACE CO., LTD. Delivers Higher Quarterly Profit but Guides Cautiously for 2026
May 13, 2026
SPACE CO., LTD. reported modest top-line growth for the three months ended March 31, 2026, with net sales rising 2.1% year on year to ¥18,242 million and operating profit up 8.8% to ¥1,856 million. Profit attributable to owners of parent...
SPACE CO., LTD. Delivers Higher Sales and Profits on Steady Store Development Demand
May 13, 2026
SPACE CO., LTD. reported that for the three months ended March 31, 2026, demand for new and renovated stores remained solid as client companies continued active investment, driving steady growth in its services and related fields. As a result, net...
SPACE Sets New Performance-Linked Bonus Framework for Directors
May 13, 2026
SPACE CO., LTD. has approved a detailed calculation method for performance-linked bonuses for directors for the fiscal year ending December 31, 2026, tying payouts to consolidated net sales and operating profit. The scheme emphasizes profitability...
SPACE CO., LTD. posts stronger Q1 earnings but guides lower full-year profit and dividend
May 13, 2026
SPACE CO., LTD. reported consolidated net sales of ¥18,242 million for the three months ended March 31, 2026, a 2.1% increase year on year, with operating profit rising 8.8% to ¥1,856 million and profit attributable to owners of parent u...
SPACE CO., LTD. Posts Profit Growth on Steady Store Development Demand in 1Q 2026
May 13, 2026
SPACE CO., LTD. reported solid results for the three months ended March 31, 2026, as client companies continued active investment and demand for new and renovated stores remained firm. Net sales rose 2.1% year on year to ¥18.242 million, whil...
SPACE Sets New Performance-Linked Bonus Framework for Directors in FY2026
May 13, 2026
SPACE CO., LTD. has set a new calculation method for performance-linked remuneration for directors for the fiscal year ending December 31, 2026, tying bonuses to full-year consolidated net sales and operating profit with respective weightings of 3...
SPACE Completes Treasury Share Disposal for Director Restricted Stock Compensation
May 11, 2026
SPACE CO., LTD. has completed the payment procedures for the disposal of treasury shares allocated as restricted share-based remuneration to its directors, following a board resolution passed on April 24, 2026. The company disposed of 33,000 commo...
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.