Haseko (1808) AI Stock Analysis

• Market Cap: ¥756.93B
• Dividend Yield: 2.92%
• Average Volume (3M): 708.89K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 0.54
• Revenue Growth: 7.42%
• EPS Growth: -16.64%
• Country: JP
• Employees: 7,829
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 52.77
• Shares Outstanding: 292,479,900
• 10 Day Avg. Volume: 665,870
• 30 Day Avg. Volume: 708,886
• PEG Ratio: -0.40
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.46
• P/FCF Ratio: -29.83
• 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: ¥3,397.79
• Price Target Upside: 15.57% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 226.1
• Revenue Forecast (FY): ¥1.25T

• Rating: 73 Outperform
• Price Target: ¥3,601.00 ▲(22.48% Upside)
• Action: Reiterated Date: 11/14/25
• Date: Action: Reiterated 11/14/25

Haseko's overall stock score is driven primarily by strong technical analysis indicators, reflecting robust market momentum and bullish trends. Financial performance is solid, with consistent revenue growth and operational efficiency, though cash flow volatility and increasing debt levels are concerns. Valuation is fair, with a moderate P/E ratio and an attractive dividend yield.

Positive Factors

Consistent revenue growth

Sustained top-line expansion over multiple years indicates durable demand for Haseko's condominium offerings and a growing project pipeline. This scale growth supports fixed-cost absorption, underpins margin stability, and provides a larger base for recurring service revenue and cross-selling.

End-to-end condominium model

Vertical integration across development, construction and lifecycle services creates customer lock-in, recurring revenue from maintenance, and control of quality and timing. This reduces reliance on third parties and supports long-term margin durability and competitive differentiation in multi-family housing.

Stable margins and operational efficiency

Consistently healthy gross and operating margins reflect disciplined cost management and project execution capabilities. Stable margins across cycles enhance cash generation potential and resilience to commodity or labor cost swings, supporting reinvestment and shareholder returns over time.

Negative Factors

Volatile operating cash flow

Intermittent and recently weakened operating cash flows reduce the company's ability to fund capex, maintain consistent dividends, or build liquidity buffers. Persistent volatility elevates refinancing and working-capital risk during downturns and complicates long-term planning.

Rising debt and liabilities

A trend of increasing leverage, even from moderate levels, constrains financial flexibility and raises interest-service risk if market rates or funding costs rise. Higher liabilities limit room for opportunistic investments and increase sensitivity to cash-flow disruptions.

Decline in net income

A material drop in reported net income compresses retained earnings and weakens internal funding capacity. If earnings volatility persists, it can limit dividend sustainability and reduce the cushion against cyclical downturns in the residential construction market.

Haseko Business Overview & Revenue Model

Company Description

HASEKO Corporation plans, designs, constructs, sells, renovates, and rents condominiums in Japan and internationally. The company operates through Construction-Related Business, Service-Related Business, and Overseas-Related Business segments. It is also involved in the real estate development, including for-sale housing and real estate, and condominium and apartment management operation and administration business; real estate brokerage, such as selling and buying, exchanging, leasing, and agency of real estate; purchase and resale comprising condominiums and other properties; and provision of real estate solutions that include asset management and project proposals, as well as consultation for use of land and real estate investment management and admiration of real estate. In addition, the company is involved in the for-sale condominium management business, which comprises monitoring, management and cleaning, maintenance, clerical, and life support; and rental condominium management and operation. Further, it provides large-scale repair, earthquake-resistant structure and facility renovation, environmental friendliness and energy saving renovation, value enhancement renovation, and remolding works, as well as condominium rehabilitation and building replacement services. Additionally, the company manages facilities for the elderly; and offers home nursing care, and senior living planning and consultation. It also provides interior enhancement services; and sells and leases construction materials. The company was founded in 1937 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Haseko generates revenue through several key streams, primarily from the sale and leasing of residential properties, including condominiums and houses. The company earns substantial income by developing real estate projects that are sold to individual buyers or investors. Additionally, Haseko has a significant presence in the commercial property sector, where it develops and manages office buildings and retail spaces. Revenue is also derived from construction contracts for residential and commercial projects, where the company undertakes building projects for third parties. Furthermore, Haseko engages in property management services, providing ongoing maintenance and oversight for its developed properties, which contributes to a stable revenue stream. Strategic partnerships with local governments and other developers enhance Haseko's project pipeline and market reach, further solidifying its financial performance.

Haseko Financial Statement Overview

Summary

Haseko demonstrates solid revenue growth and operational efficiency, which are crucial strengths. However, the decrease in net income and fluctuating cash flows highlight potential areas of concern. The balance sheet remains stable, though increasing debt and liabilities warrant careful monitoring. The company's financial health is generally positive, with resilience in revenue and profit margins, but attention to cash flow management is advised.

Income Statement

Haseko shows a consistent revenue growth over the years, with the revenue increasing from ¥809.44 billion in 2021 to ¥1.18 trillion in 2025. Despite a slight dip in net income from ¥56.04 billion in 2024 to ¥34.45 billion in 2025, the company's gross profit margin remains strong. EBIT and EBITDA margins are stable, indicating efficient cost management and operational performance.

Balance Sheet

The debt-to-equity ratio is moderate, with a slight increase in debt levels over the years but still maintaining a healthy equity position. The return on equity has shown resilience, though it has decreased recently. Equity ratio remains robust, reflecting a stable financial structure despite increasing liabilities.

Cash Flow

Haseko's operating cash flow has been volatile, with a significant drop in 2025 compared to previous years. Free cash flow has shown inconsistency, reflecting challenges in cash management. However, the ability to generate operating cash flow in previous years is a positive sign, though recent performance indicates potential liquidity concerns.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.18T	1.18T	1.09T	1.03T	909.71B	809.44B
Gross Profit	175.45B	166.53B	160.61B	161.31B	148.31B	136.23B
EBITDA	77.36B	73.67B	94.74B	97.13B	91.06B	79.55B
Net Income	36.24B	34.45B	56.04B	59.33B	54.49B	48.26B
Balance Sheet
Total Assets	1.34T	1.37T	1.35T	1.20T	1.08T	953.66B
Cash, Cash Equivalents and Short-Term Investments	210.27B	239.28B	286.38B	211.26B	267.47B	216.62B
Total Debt	447.24B	420.48B	415.33B	391.76B	312.12B	268.32B
Total Liabilities	814.33B	833.17B	839.99B	744.02B	664.24B	559.29B
Stockholders Equity	525.47B	532.03B	511.25B	454.08B	417.66B	394.36B
Cash Flow
Free Cash Flow	0.00	-17.98B	90.86B	-87.36B	38.64B	2.06B
Operating Cash Flow	0.00	2.68B	115.02B	-51.91B	65.45B	31.88B
Investing Cash Flow	0.00	-32.47B	-39.85B	-55.45B	-31.60B	-35.77B
Financing Cash Flow	0.00	-19.31B	-753.00M	50.78B	15.73B	66.80B

Haseko Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2940.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1808, the sentiment is Negative. The current price of 2940 is below the 20-day moving average (MA) of 3176.20, below the 50-day MA of 3228.74, and above the 200-day MA of 2693.74, indicating a neutral trend. The MACD of -71.09 indicates Positive momentum. The RSI at 33.67 is Neutral, neither overbought nor oversold. The STOCH value of 16.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1808.

Haseko Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3291	74 Outperform	¥654.54B	9.63	5.64%	4.02%	0.20%	44.96%
1808	73 Outperform	¥756.93B	14.73	7.50%	2.92%	7.42%	-16.64%
1928	69 Neutral	¥2.25T	9.60	11.84%	4.17%	9.27%	-11.27%
8892	66 Neutral	¥105.10B	12.82	―	4.20%	27.02%	45.62%
1911	64 Neutral	¥861.03B	9.21	11.28%	3.21%	10.17%	-19.40%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1419	56 Neutral	¥114.87B	13.82	―	5.49%	-16.48%	-77.63%

Haseko Corporate Events

Haseko Profit More Than Doubles as Nine-Month Results Stay on Track

Haseko reported consolidated net sales of ¥893.1 billion for the nine months to December 31, 2025, up 6.7% year on year, with operating profit rising 11.1% to ¥63.8 billion and profit attributable to owners of parent more than doubling to ¥38.3 billion. Comprehensive income also surged, while the equity ratio improved slightly to 40.2% despite a modest decline in total assets.

The company maintained its full-year forecast, targeting ¥1.24 trillion in net sales and a 68.4% jump in full-year profit attributable to owners of parent to ¥58.0 billion, and confirmed an unchanged plan to raise annual dividends to ¥90 per share. Haseko expanded its consolidation scope by adding WOOD FRIENDS Co., Ltd. and four subsidiaries, signaling continued portfolio growth and potentially reinforcing its competitive position in Japan’s housing and condominium market.

The most recent analyst rating on (JP:1808) stock is a Buy with a Yen3701.00 price target. To see the full list of analyst forecasts on Haseko stock, see the JP:1808 Stock Forecast page.

HASEKO Corporation Announces Strategic Share Cancellation

HASEKO Corporation has announced the cancellation of 8,314,500 treasury shares, comprising 2.8% of its issued shares, in a strategic move to streamline its equity structure. This decision, effective December 26, 2025, is expected to impact the company’s operational flexibility and signaling strength to its stakeholders in the competitive market landscape.

The most recent analyst rating on (JP:1808) stock is a Buy with a Yen3259.00 price target. To see the full list of analyst forecasts on Haseko stock, see the JP:1808 Stock Forecast page.