Landix, Inc. (2981) AI Stock Analysis

• Market Cap: ¥12.62B
• Dividend Yield: 2.26%
• Average Volume (3M): 10.12K
• Price to Earnings (P/E): 6.0
• Beta (1Y): 0.82
• Revenue Growth: 33.87%
• EPS Growth: 142.66%
• Country: JP
• Employees: 102
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 100.97
• Shares Outstanding: 5,675,586
• 10 Day Avg. Volume: 9,370
• 30 Day Avg. Volume: 10,120
• PEG Ratio: 0.04
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.20
• P/FCF Ratio: -1.15
• 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: 84 Outperform
• Price Target: ¥2,601.00 ▲(1.80% Upside)

Landix, Inc. is rated highly due to its strong valuation metrics, indicating potential undervaluation and attractive returns. The technical analysis supports a bullish outlook, although caution is advised due to overbought signals. Financial performance is solid, but cash flow management needs improvement to ensure long-term stability.

Positive Factors

Sustained Revenue Growth

Consistent high revenue growth and a recent year-over-year increase signal durable demand for Landix’s land-management solutions. Over a 2–6 month horizon this supports scalable subscription upsell, stronger recurring revenue, and room to reinvest in product features that deepen customer stickiness.

Recurring, Diversified Revenue Model

A subscription-first model combined with consulting and licensing creates predictable, recurring cash streams and diversification across buyer needs. Structurally this reduces revenue volatility, enables forward-looking capacity planning, and supports strategic investments in data/AI capabilities that drive long-term retention.

Solid Equity Base & Improved ROE

A strengthening equity base and rising ROE indicate effective capital deployment and improving shareholder returns. Over the medium term this underpins credibility with lenders, supports funding for growth initiatives, and provides a buffer versus operational shocks while the company scales its analytics platform.

Negative Factors

High Leverage Risk

Elevated leverage heightens refinancing and interest-rate exposure, limiting flexibility to fund product development or weather demand softness. Over months this can constrain strategic options, increase fixed costs, and amplify downside in stressed scenarios unless deleveraging or cash generation improves.

Negative Operating and Free Cash Flow

Persistent negative operating and free cash flow force reliance on external financing to sustain growth and operations. Structurally, this undermines self-funded expansion, raises dilution or refinancing risk, and can limit investments in sales, R&D, or infrastructure over a 2–6 month horizon unless cash conversion improves.

Operational Efficiency Needs

Suboptimal EBIT/EBITDA margins suggest the company hasn't fully captured operating leverage from its subscription model. Over the medium term this pressures net cash generation and profitability scalability; management must improve cost structure or pricing to sustain margins as revenue grows.

Landix, Inc. Business Overview & Revenue Model

Company Description

Landix Inc. engages in the real estate development business in Japan. The company purchases, develops, and sells real estate properties. It also offers real estate matching and consulting services; and coordination services in the process of building a custom-made house, as well as operates a real estate platform. In addition, the company is involved in the real estate sales and brokerage; building contract matching for custom-built houses; and rents buildings and condominiums. Landix Inc. was incorporated in 2001 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Landix, Inc. generates revenue primarily through subscription-based models for its software services, which provide users with access to advanced analytics and land management tools. Additionally, the company earns income through consulting services, where experts assist clients in implementing best practices for land management. Key revenue streams also include licensing fees for proprietary technology and data analytics solutions offered to enterprise clients. Significant partnerships with agricultural and environmental organizations enhance its market reach and credibility, contributing to consistent earnings growth.

Landix, Inc. Financial Statement Overview

Summary

Landix, Inc. shows strong revenue growth and profitability improvements, particularly in net income. The balance sheet is stable but highlights leverage risks due to high debt levels. Cash flow management is a concern, with negative free cash flow and operating cash flow, suggesting a need for improved liquidity management.

Income Statement

Landix, Inc. has demonstrated strong revenue growth over the years, with a notable increase from 2024 to 2025. The gross profit margin has remained healthy, indicating efficient cost management. The net profit margin has improved significantly, reflecting enhanced profitability. However, the EBIT and EBITDA margins, while positive, show room for improvement in operational efficiency.

Balance Sheet

The company maintains a solid equity base, with a consistent increase in stockholders' equity over the years. The debt-to-equity ratio is relatively high, suggesting potential leverage risks, but the equity ratio remains stable. Return on equity has improved, indicating effective use of equity to generate profits.

Cash Flow

Landix, Inc. faces challenges in cash flow management, with negative operating cash flow in recent years. The free cash flow has been negative, indicating potential liquidity issues. However, the company has managed to secure financing to support its operations, which mitigates immediate cash flow concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.19B	20.27B	17.04B	15.02B	11.13B	8.21B
Gross Profit	5.40B	4.38B	3.18B	3.29B	2.85B	1.79B
EBITDA	3.23B	2.31B	1.33B	1.73B	1.51B	694.39M
Net Income	1.99B	1.40B	790.23M	1.05B	937.20M	429.45M
Balance Sheet
Total Assets	21.54B	21.79B	15.29B	13.90B	12.77B	9.02B
Cash, Cash Equivalents and Short-Term Investments	6.92B	6.16B	5.18B	5.10B	4.51B	3.64B
Total Debt	11.51B	12.25B	7.48B	6.25B	6.05B	3.87B
Total Liabilities	12.77B	13.45B	8.14B	7.35B	7.12B	4.20B
Stockholders Equity	8.77B	8.35B	7.15B	6.54B	5.65B	4.82B
Cash Flow
Free Cash Flow	0.00	-3.56B	-1.08B	541.35M	-1.21B	-755.57M
Operating Cash Flow	0.00	-3.41B	-776.02M	566.47M	-332.09M	-699.40M
Investing Cash Flow	0.00	-529.90M	-303.04M	-712.20M	-876.72M	-36.45M
Financing Cash Flow	0.00	4.52B	1.05B	42.80M	2.07B	688.36M

Landix, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2555.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2981, the sentiment is Negative. The current price of 2555 is above the 20-day moving average (MA) of 2373.10, above the 50-day MA of 2550.36, and above the 200-day MA of 2124.13, indicating a neutral trend. The MACD of -101.57 indicates Positive momentum. The RSI at 28.14 is Positive, neither overbought nor oversold. The STOCH value of 26.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2981.

Landix, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2981	84 Outperform	¥12.62B	6.04	―	2.26%	33.87%	142.66%
2983	82 Outperform	¥17.79B	8.13	―	2.07%	15.56%	67.66%
3299	74 Outperform	¥50.00B	8.57	―	6.02%	1.33%	9.59%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2984	65 Neutral	¥6.56B	46.88	―	4.09%	-32.57%	-91.67%
8887	61 Neutral	¥16.57B	4.01	―	0.91%	206.98%	325.25%