Columbia Works Inc. (JP:146A)
:146A
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Columbia Works Inc.
(146A)
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Rating:57Neutral
Price Target:
¥2,889.00
▼(-16.26% Downside)
Action:Reiterated
Date:05/16/26
The score is primarily held back by weak cash generation (persistent negative operating/free cash flow) and elevated leverage, despite strong revenue and earnings growth. Technicals are also bearish with the stock below key moving averages and negative momentum. Offsetting factors include a comparatively modest P/E and a moderate dividend yield.
Positive Factors
Sustained Revenue Scaling
Strong multi-year revenue growth demonstrates durable demand and successful project execution. Scaling revenue in a capital-intensive development business supports longer-term market presence, improves bargaining with suppliers, and creates potential for project pipeline expansion and economies of scale.
Negative Factors
Persistent Negative Operating and Free Cash Flow
Chronic cash burn means reported earnings do not convert to cash, forcing ongoing external financing. In a capital-intensive development model, this raises execution and liquidity risk, increases financing costs, and limits the firm's ability to self-fund new projects or weather downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Scaling
Strong multi-year revenue growth demonstrates durable demand and successful project execution. Scaling revenue in a capital-intensive development business supports longer-term market presence, improves bargaining with suppliers, and creates potential for project pipeline expansion and economies of scale.
Read all positive factors
Columbia Works Inc. (146A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.89B
Dividend Yield1.8%
Average Volume (3M)48.87K
Price to Earnings (P/E)5.9
Beta (1Y)1.32
Revenue Growth70.45%
EPS Growth19.06%
CountryJP
Employees57
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)341.54
Shares Outstanding7,716,600
10 Day Avg. Volume42,950
30 Day Avg. Volume48,866
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.38
Price to Sales (P/S)0.65
P/FCF Ratio-4.18
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)495
Revenue Forecast (FY)¥36.20B
Columbia Works Inc. Business Overview & Revenue Model
Company Description
Columbia Works Inc. is a Japanese firm that specializes in property services, encompassing development, leasing, and management within the country. Its operations also extend to managing hotels and offering advisory services for real estate, inclu...
Columbia Works Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.71B | 37.08B | 20.98B | 14.47B | 11.01B | 10.00B |
| Gross Profit | 6.34B | 8.66B | 5.67B | 3.85B | 3.29B | 2.24B |
| EBITDA | 4.69B | 6.42B | 4.21B | 2.82B | 2.35B | 1.34B |
| Net Income | 2.37B | 3.46B | 2.24B | 1.52B | 1.17B | 682.00M |
Balance Sheet | ||||||
| Total Assets | 61.33B | 66.88B | 52.19B | 32.00B | 26.98B | 19.26B |
| Cash, Cash Equivalents and Short-Term Investments | 3.48B | 7.89B | 4.29B | 3.16B | 3.07B | 3.29B |
| Total Debt | 46.88B | 46.80B | 37.65B | 23.26B | 19.66B | 13.60B |
| Total Liabilities | 48.93B | 49.44B | 40.09B | 24.86B | 21.18B | 14.55B |
| Stockholders Equity | 12.40B | 17.44B | 12.10B | 7.14B | 5.80B | 4.71B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.76B | -15.92B | -2.71B | -5.87B | -3.87B |
| Operating Cash Flow | 0.00 | -4.32B | -14.35B | -1.57B | -5.48B | -2.17B |
| Investing Cash Flow | 0.00 | -1.71B | -1.60B | -1.59B | -345.00M | -1.94B |
| Financing Cash Flow | 0.00 | 9.64B | 17.09B | 3.43B | 5.96B | 4.16B |
Columbia Works Inc. Technical Analysis
Neutral
3450.00
Price Trends
3317.44
Negative
3621.57
Negative
3519.66
Negative
Market Momentum
-111.47
Negative
50.47
Neutral
79.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:146A, the sentiment is Neutral. The current price of 3450 is above the 20-day moving average (MA) of 2775.15, above the 50-day MA of 3317.44, and below the 200-day MA of 3519.66, indicating a neutral trend. The MACD of -111.47 indicates Negative momentum. The RSI at 50.47 is Neutral, neither overbought nor oversold. The STOCH value of 79.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:146A.
Columbia Works Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥33.87B | 8.79 | ― | 3.86% | 18.56% | 86.25% | |
71 Outperform | ¥38.25B | 5.96 | ― | 3.01% | 7.25% | 36.43% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥42.39B | 7.80 | ― | 6.02% | -5.07% | -26.79% | |
61 Neutral | ¥15.25B | 9.70 | ― | 2.07% | 23.09% | 57.40% | |
57 Neutral | ¥22.89B | 5.90 | ― | 1.80% | 70.45% | 19.06% | |
56 Neutral | ¥54.28B | 11.66 | 6.98% | 7.35% | 9.08% | -42.76% |
* Real Estate Sector Average
JP:146A
Columbia Works Inc.
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Columbia Works Inc. Corporate Events
Columbiaworks Boosts Profit and AUM on Tokyo-Focused Real Estate Strategy
May 27, 2026
Columbiaworks Inc. reported strong first-quarter results for FY2026, with operating profit, its key performance metric, rising 51.2% year on year on the back of sales of in-house development properties in areas experiencing rent increases. The com...
Columbia Works Delivers Strong Q1 Growth and Lifts 2026 Dividend Outlook
May 27, 2026
Columbia Works Inc., a Tokyo Stock Exchange-listed company reporting under Japanese GAAP, increased equity to ¥17.45 billion while its equity ratio slipped to 22.8% as total assets expanded to ¥76.51 billion. The board continues to empha...
Columbiaworks Beats FY2025 Forecast and Eyes Early Profit Target on Tokyo Rent Tailwinds
May 27, 2026
Columbiaworks Inc. reported full-year FY2025 earnings that exceeded its already upwardly revised operating profit forecast, underlining strong execution in its central Tokyo-focused real estate portfolio. The company also indicated that FY2026 has...
Columbia Works Posts Strong 2025 Growth and Lifts 2026 Outlook Despite Cash Flow Strains
May 27, 2026
Columbia Works Inc. reported strong full-year 2025 results, with net sales surging 76.7% to ¥37.1 billion and profit attributable to owners of parent jumping 54.8% to ¥3.46 billion, alongside improved equity and a higher equity-to-asset ...
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.