J-Holdings Corp. (Japan) (2721) AI Stock Analysis

• Market Cap: ¥1.72B
• Dividend Yield: N/A
• Average Volume (3M): 242.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.48
• Revenue Growth: -19.83%
• EPS Growth: 39.61%
• Country: JP
• Employees: 12
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -5.43
• Shares Outstanding: 9,728,500
• 10 Day Avg. Volume: 383,590
• 30 Day Avg. Volume: 242,970
• PEG Ratio: 0.14
• Price to Book (P/B): 13.83
• Price to Sales (P/S): 8.75
• P/FCF Ratio: -3.13
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: ¥169.00 ▼(-10.58% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is primarily constrained by weak financial performance—persistent operating losses, ongoing cash burn, and prior negative equity—despite revenue improvement and low debt. Technicals are also soft with the stock trading below key moving averages and a negative MACD, while valuation is pressured by losses (negative P/E) and no indicated dividend support.

Positive Factors

Low leverage / limited debt

J‑Holdings demonstrates low financial leverage, with total debt reported as zero in multiple recent years. This durable low-debt profile reduces near-term refinancing risk, preserves financial flexibility while the company addresses profitability, and supports optionality for capital raises or restructuring over the medium term.

Revenue recovery and growth

Top-line recovery, including a ~23% increase in 2025, indicates underlying demand or successful commercial traction. Sustained revenue growth is a durable foundation for future margin expansion if cost structure is controlled, and it provides a path toward scalability and improved operating leverage over the next several quarters.

Improving gross profit

A positive and improving gross profit signals better unit economics or pricing relative to direct costs. This structural improvement underpins potential margin recovery once operating expenses are managed, giving the company a realistic route to profitability if top-line gains continue and cost discipline holds over the medium term.

Negative Factors

Persistent operating and net losses

Multi-year, sizable operating and net losses represent a structural profitability challenge. Continued negative EBIT erodes retained earnings and limits reinvestment capacity, making sustainable recovery dependent on meaningful cost reductions or substantial revenue acceleration to convert top-line growth into lasting profits.

Consistently negative operating and free cash flow

Chronic negative operating and free cash flow means the business consumes cash rather than funds itself. Over a 2–6 month horizon this elevates liquidity and financing risk, constrains investment in growth, and increases dependence on external capital, which can be costly or dilutive if losses persist.

Equity volatility and prior negative equity

A swing to negative equity in 2024 reflects capital erosion from losses and creates a credibility and solvency concern. Such equity volatility can hinder access to unsecured financing, raise covenants or collateral needs, and blunt investor confidence, making durable recovery more difficult without clear profitability or recapitalization.

J-Holdings Corp. (Japan) Business Overview & Revenue Model

Company Description

J-Holdings Corp. is a Japanese company engaged in various business sectors, focusing primarily on the distribution and retail of consumer goods. It operates through a network of subsidiaries and affiliates, providing a wide range of products and services to meet the diverse needs of its customers. The company is known for its commitment to quality and innovation, striving to enhance consumer experiences in the markets it serves.

How the Company Makes Money

J-Holdings Corp. generates revenue through the sale of consumer goods, leveraging its extensive distribution network to reach a broad customer base. The company partners with both domestic and international suppliers to procure a diverse range of products, which it then distributes to retailers and directly to consumers. Key revenue streams include wholesale and retail sales, with a focus on maximizing operational efficiency and expanding market presence. Strategic partnerships with suppliers and investment in logistics infrastructure are significant factors contributing to the company's earnings.

J-Holdings Corp. (Japan) Financial Statement Overview

Summary

Despite revenue recovery and positive/improving gross profit, the company has sustained large operating and net losses (2021–2025) alongside consistently negative operating and free cash flow. Low debt helps, but equity volatility (including negative equity in 2024) and ongoing cash burn keep financial risk elevated.

Income Statement

Revenue has recovered strongly in recent years (2025 up ~23% and 2024 up modestly), but profitability remains deeply negative. Gross profit is positive and improving versus earlier years, yet operating losses are very large (EBIT negative each year from 2021–2025), and net losses have persisted throughout 2021–2025. The 2020 year stands out as profitable, but the multi-year trend since then shows a business that is growing top-line without converting that into earnings.

Balance Sheet

Leverage appears low in most years (total debt is zero in 2022, 2023, and 2025), which reduces refinancing risk. However, equity quality is volatile: stockholders’ equity turned negative in 2024 (a key red flag) before recovering to positive in 2025, indicating significant balance sheet swings likely driven by losses and/or valuation changes. Total assets are relatively stable overall, but the equity volatility and recent loss profile weaken the balance sheet assessment despite generally limited debt.

Cash Flow

Cash generation is consistently weak: operating cash flow is negative every year shown (including 2025), and free cash flow is also negative across all periods, implying the business is consuming cash rather than self-funding. While year-to-year cash burn fluctuates, there is no sustained improvement trend, which elevates funding and liquidity risk if losses continue.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	154.22M	189.61M	179.57M	175.00M	111.82M	116.20M
Gross Profit	77.88M	111.97M	101.57M	101.00M	41.12M	47.15M
EBITDA	-261.29M	-304.42M	-322.94M	-166.00M	-235.38M	-144.98M
Net Income	-269.32M	-256.81M	-387.70M	-296.00M	-270.20M	-150.93M
Balance Sheet
Total Assets	513.32M	534.26M	248.62M	331.00M	515.67M	256.19M
Cash, Cash Equivalents and Short-Term Investments	162.86M	93.21M	53.00M	23.00M	124.69M	85.67M
Total Debt	0.00	0.00	70.00M	0.00	0.00	0.00
Total Liabilities	442.60M	414.34M	281.69M	50.00M	36.34M	24.81M
Stockholders Equity	70.71M	119.92M	-33.00M	281.00M	479.33M	231.38M
Cash Flow
Free Cash Flow	0.00	-529.38M	-219.46M	-204.00M	-164.68M	-90.85M
Operating Cash Flow	0.00	-357.80M	-219.14M	-198.00M	-144.99M	-85.12M
Investing Cash Flow	0.00	-171.58M	-71.48M	-2.00M	-339.82M	207.00K
Financing Cash Flow	0.00	568.70M	320.75M	99.00M	523.82M	-227.00K

J-Holdings Corp. (Japan) Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 189.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2721, the sentiment is Neutral. The current price of 189 is above the 20-day moving average (MA) of 180.20, above the 50-day MA of 186.16, and below the 200-day MA of 191.20, indicating a bearish trend. The MACD of -3.30 indicates Negative momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 32.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2721.

J-Holdings Corp. (Japan) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3276	73 Outperform	¥22.16B	12.63	―	4.36%	1.52%	16.04%
2991	67 Neutral	¥15.90B	6.50	―	1.47%	20.82%	9.86%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
9423	63 Neutral	¥2.72B	29.20	―	2.43%	11.80%	-41.76%
2997	50 Neutral	¥1.73B	14.57	―	―	46.85%	27.62%
2978	45 Neutral	¥5.20B	40.35	―	―	57.41%	-9.29%
2721	42 Neutral	¥1.72B	-5.97	―	―	-19.83%	39.61%