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

JP:9622

SPACE CO., LTD.

(TSE/TYO:9622)

Select Model
Rating:84Outperform
Price Target:JPY 1,681.00â–²(20.85% Upside)
Action:reiterated
Date:08/06/26

The stock scores 84, reflecting strong financial health and attractive valuation, tempered by neutral technical indicators. The company's nearly debt-free balance sheet, robust cash flow, and high dividend yield provide a solid foundation. While recent revenue growth has slowed, profitability remains strong. Technical analysis shows mixed signals but suggests potential upside.

Positive Factors
Conservative balance sheetThe 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 volatilityCash 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.

SPACE CO., LTD. (9622) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%30%35%JP:9622+9.70%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 34.51B
Dividend Yield
6.19%
Average Volume (3M)
48.23K
Price to Earnings (P/E)
9.0
Beta (1Y)
0.59
Revenue Growth
5.43%
EPS Growth
33.52%
Country
Japan
Employees
990
Sector
General
Sector Strength
55
Industry
Engineering & Construction

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. The...

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) execute...

SPACE CO., LTD. Financial Statement Overview

Summary

Strong revenue growth and margin expansion, nearly debt-free balance sheet, and robust cash flows. Recent top-line slowdown is a mild concern but overall financial health is excellent.

Income Statement

85Very Positive

Balance Sheet

92Very Positive

Cash Flow

88Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue70.56B71.51B64.18B52.79B46.71B42.41B
Gross Profit8.15B8.27B7.08B6.11B4.82B4.78B
EBITDA5.25B5.18B4.00B3.12B2.51B2.69B
Net Income3.85B3.77B2.55B1.69B1.39B1.51B
Balance Sheet
Total Assets44.23B45.13B40.95B37.63B35.40B34.62B
Cash, Cash Equivalents and Short-Term Investments16.89B14.87B13.85B13.15B14.05B15.14B
Total Debt054.56M60.12M62.34M61.13M62.48M
Total Liabilities8.58B10.22B8.27B6.87B5.81B5.32B
Stockholders Equity35.65B34.85B32.62B30.70B29.56B29.28B
Cash Flow
Free Cash Flow02.51B1.75B738.17M-104.25M2.25B
Operating Cash Flow02.91B2.05B2.13B-29.79M2.28B
Investing Cash Flow0-1.33B630.42M-3.17B-82.08M-89.93M
Financing Cash Flow0-1.50B-1.03B-882.28M-1.01B-830.21M

SPACE CO., LTD. Technical Analysis

Technical Analysis SentimentPositive
Last Price1391.00

Price Trends

50DMA1420.02Negative
100DMA1420.69Negative
200DMA1468.55Negative

Market Momentum

MACD-7.22Positive
RSI50.15Neutral
STOCH34.48Neutral

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 1391.00 is below the 20-day moving average (MA) of 1397.70, below the 50-day MA of 1420.02, and below the 200-day MA of 1468.55, indicating a neutral trend. The MACD of -7.22 indicates Positive momentum. The RSI at 50.15 is Neutral, neither overbought nor oversold. The STOCH value of 34.48 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9622 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9622JP:962284OutperformJPY 34.69B8.95―6.19%5.43%33.52%
JP:9768JP:976878OutperformJPY 26.13B10.49―3.22%3.65%19.76%
JP:4642JP:464271OutperformJPY 7.72B13.93―2.47%23.05%8.64%
JP:9621JP:962168NeutralJPY 101.73B14.97―2.09%7.70%18.20%
JP:9233JP:923367NeutralJPY 20.12B12.38―3.96%1.71%20.61%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:6085JP:608543NeutralJPY 7.93B-10.84――-9.88%-12.16%

* General Sector Average

Performance Comparison

0%500%1000%1500%2000%JP:9622JP:4642JP:6085JP:9233JP:9621JP:9768Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:9622 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9622SPACE CO., LTD.1391.00100.347.77%
JP:4642Original Engineering Consultants Co., Ltd.1400.00-392.61-21.90%
JP:6085Architects Studio Japan, Inc.68.0040.00142.86%
JP:9233Asia Air Survey Co., Ltd.1095.00-18.08-1.62%
JP:9621CTI Engineering Co., Ltd.3565.00831.8430.44%
JP:9768Idea Consultants,inc.3605.00115.623.31%

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 perf...

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 4.4%...

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 cl...

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 sa...

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 by...

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 up 1...

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, while o...

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 30%...

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 common s...

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 06, 2026