TSUKURUBA, Inc. (2978) AI Stock Analysis

• Market Cap: ¥5.02B
• Dividend Yield: N/A
• Average Volume (3M): 16.40K
• Price to Earnings (P/E): 39.2
• Beta (1Y): 0.21
• Revenue Growth: 57.41%
• EPS Growth: -9.29%
• Country: JP
• Employees: 197
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.67
• Shares Outstanding: 11,735,400
• 10 Day Avg. Volume: 11,710
• 30 Day Avg. Volume: 16,396
• PEG Ratio: -1.26
• Price to Book (P/B): 3.40
• Price to Sales (P/S): 0.81
• P/FCF Ratio: -4.38
• 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: 45 Neutral
• Price Target: ¥458.00 ▲(4.81% Upside)

TSUKURUBA, Inc. faces significant challenges with its financial performance, particularly in profitability and cash flow management, which are compounded by a high debt-to-equity ratio. Technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. These factors collectively result in a lower overall stock score.

Positive Factors

Revenue Growth

The strong revenue growth indicates a positive trajectory in sales, suggesting that the company's digital platforms are gaining traction and expanding their market reach.

Gross Profit Margin

A healthy gross profit margin demonstrates effective cost control and pricing power, which can support long-term profitability as the company scales.

Digital Platform Business Model

The company's focus on digital platforms for real estate transactions positions it well to capitalize on the growing trend of digital transformation in the real estate sector.

Negative Factors

High Leverage

High leverage can pose financial risks, limiting the company's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Cash Flow Management Issues

Negative cash flows highlight difficulties in converting profits into cash, which can constrain the company's operational flexibility and investment capacity.

Low Net Profit Margin

A low net profit margin indicates that the company is not fully capitalizing on its revenue growth, which may affect its ability to sustain long-term profitability.

TSUKURUBA, Inc. Business Overview & Revenue Model

Company Description

tsukuruba inc. provides technology-powered property-related services. The company plans and develops cowcamo, a real estate brokerage platform for used and renovated properties. It also offers property planning and design services. The company was incorporated in 2011 and is headquartered in Tokyo, Japan.

How the Company Makes Money

TSUKURUBA, Inc. generates revenue through multiple streams, primarily by charging fees for its digital platforms and services. Key revenue streams include subscription fees from real estate agencies and property managers who utilize its software solutions for listings and management. The company also earns income through transaction fees on successful property sales facilitated through its platform. Additionally, partnerships with real estate firms and developers enhance its service offerings and allow for co-branded solutions, contributing to its earnings. The company's focus on expanding its technological capabilities and enhancing user experience also positions it to capture a larger share of the real estate market.

TSUKURUBA, Inc. Financial Statement Overview

Summary

TSUKURUBA, Inc. demonstrates strong revenue growth and a healthy gross profit margin, but faces challenges in profitability and cash flow management. The high leverage on the balance sheet poses potential risks, and the company needs to focus on improving operational efficiency and cash flow stability to enhance financial health.

Income Statement

TSUKURUBA, Inc. has shown a strong revenue growth rate of 18.87% in the most recent year, indicating a positive trajectory in sales. The gross profit margin is healthy at 43.75%, reflecting efficient cost management. However, the net profit margin is relatively low at 1.31%, suggesting that profitability could be improved. The EBIT and EBITDA margins are modest at 3.38% and 3.67%, respectively, indicating room for operational efficiency improvements.

Balance Sheet

The company has a high debt-to-equity ratio of 1.89, which indicates significant leverage and potential financial risk. The return on equity is moderate at 5.49%, showing some profitability for shareholders. The equity ratio is 31.45%, suggesting a balanced but slightly leveraged capital structure. Overall, the balance sheet reflects a need for careful debt management.

Cash Flow

TSUKURUBA, Inc. faces challenges in cash flow management, with negative operating and free cash flows. The free cash flow growth rate is significantly high at 7174.40%, but this is from a negative base, indicating volatility. The operating cash flow to net income ratio is negative, highlighting cash flow issues relative to reported profits. The free cash flow to net income ratio is also negative, suggesting difficulties in converting profits into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.10B	8.10B	5.48B	4.15B	2.77B	1.62B
Gross Profit	3.54B	3.54B	2.82B	2.52B	1.84B	1.26B
EBITDA	282.67M	231.85M	250.97M	-111.13M	-771.36M	-437.52M
Net Income	106.00M	106.64M	215.66M	-165.52M	-822.42M	-482.46M
Balance Sheet
Total Assets	6.14B	6.14B	4.22B	3.06B	2.88B	3.04B
Cash, Cash Equivalents and Short-Term Investments	1.87B	1.87B	1.92B	1.77B	1.65B	2.24B
Total Debt	3.65B	3.65B	2.12B	1.19B	1.64B	1.90B
Total Liabilities	4.21B	4.21B	2.42B	1.55B	1.97B	2.16B
Stockholders Equity	1.93B	1.93B	1.80B	1.51B	909.61M	879.79M
Cash Flow
Free Cash Flow	0.00	-1.50B	-939.00M	-94.33M	-1.11B	-579.98M
Operating Cash Flow	0.00	-1.48B	-900.55M	-85.48M	-1.03B	-437.82M
Investing Cash Flow	0.00	-76.00M	81.07M	-59.26M	-108.78M	-105.92M
Financing Cash Flow	0.00	1.50B	954.28M	263.01M	544.46M	1.22B

TSUKURUBA, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 437.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2978, the sentiment is Negative. The current price of 437 is below the 20-day moving average (MA) of 474.50, below the 50-day MA of 502.10, and below the 200-day MA of 632.18, indicating a bearish trend. The MACD of -14.98 indicates Positive momentum. The RSI at 29.58 is Positive, neither overbought nor oversold. The STOCH value of 43.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2978.

TSUKURUBA, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2993	74 Outperform	¥9.65B	5.17	―	3.99%	7.75%	56.88%
3277	72 Outperform	¥10.97B	6.67	―	3.20%	-4.65%	77.74%
3294	72 Outperform	¥11.87B	8.71	―	4.65%	25.09%	30.66%
3467	71 Outperform	¥13.95B	7.62	―	3.84%	2.78%	22.28%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
8894	61 Neutral	¥6.30B	-0.33	―	―	521.07%	-3637.52%
2978	45 Neutral	¥5.02B	39.19	―	―	57.41%	-9.29%