Landix, Inc. (2981) AI Stock Analysis

• Market Cap: ¥13.16B
• Dividend Yield: 2.26%
• Average Volume (3M): 10.12K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 0.85
• Revenue Growth: 33.87%
• EPS Growth: 142.66%
• Country: JP
• Employees: 102
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 70.80
• 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: ¥2,628.00 ▲(2.86% Upside)
• Action: Reiterated Date: 11/13/25
• Date: Action: Reiterated 11/13/25

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

Strong revenue growth

Landix's ~30.7% reported revenue growth indicates sustained demand and expanding project or sales scale. Over a multi-quarter horizon, such top-line momentum supports investment capacity, improves operating leverage potential, and underpins longer-term margin and cash generation improvements.

Improving net profit margins

Significant improvement in net profit margin signals the company is converting more revenue into retained earnings via pricing, mix shifts, or cost control. Persisting this trend strengthens internal funding for projects and reduces reliance on external financing over the medium term.

Solid equity base and higher ROE

A steady increase in shareholders' equity plus improved ROE provides a durable capital cushion and demonstrates effective use of equity to generate profits. This enhances credibility with lenders and supports capacity for growth investments or absorbing cyclical shocks.

Negative Factors

Relatively high leverage

Elevated debt-to-equity increases fixed interest obligations and reduces financial flexibility. In a capital-intensive real estate development business, high leverage magnifies downside in slower markets and can constrain the firm's ability to fund new projects or refinance on favorable terms over the medium term.

Negative operating and free cash flow

Sustained negative operating and free cash flow forces reliance on external financing to sustain operations and growth. This increases refinancing and liquidity risk, may elevate interest costs, and limits the company's ability to self-fund capex or reduce leverage over the coming quarters.

Room to improve operational margins (EBIT/EBITDA)

Suboptimal EBIT/EBITDA margins indicate that operational efficiency gains are still available but not yet realized. Without improvements, revenue growth may not translate proportionally into cash flow, leaving profitability vulnerable to cost increases or slower top-line growth over several quarters.

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. 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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
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: Neutral
• 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 2305.10, above the 50-day MA of 2361.76, and above the 200-day MA of 2238.60, indicating a neutral trend. The MACD of -38.86 indicates Positive momentum. The RSI at 45.53 is Neutral, neither overbought nor oversold. The STOCH value of 43.19 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	¥13.16B	9.02	―	2.26%	33.87%	142.66%
2983	78 Outperform	¥23.69B	99.29	―	2.07%	15.56%	67.66%
3293	73 Outperform	¥6.36B	11.79	2.90%	4.53%	-15.55%	-41.48%
3299	69 Neutral	¥59.61B	4.43	―	6.02%	1.33%	9.59%
8897	68 Neutral	¥56.87B	6.36	6.98%	7.35%	-21.50%	-56.82%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2984	65 Neutral	¥6.58B	-13.82	―	4.09%	-32.57%	-91.67%