Arr Planner Co., Ltd. (2983) AI Stock Analysis

• Market Cap: ¥16.81B
• Dividend Yield: 2.07%
• Average Volume (3M): 39.88K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.88
• Revenue Growth: 15.56%
• EPS Growth: 67.66%
• Country: JP
• Employees: 370
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 75.86
• Shares Outstanding: 10,798,960
• 10 Day Avg. Volume: 17,190
• 30 Day Avg. Volume: 39,880
• PEG Ratio: <0.01
• Price to Book (P/B): 2.25
• Price to Sales (P/S): 0.36
• P/FCF Ratio: -12.41
• 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): 241.95
• Revenue Forecast (FY): ¥53.40B

• Rating: 60 Neutral
• Price Target: ¥1,635.00 ▼(-42.23% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is supported by attractive valuation (low P/E and solid dividend yield), but is constrained by financial risk from negative 2026 cash flow and still-high leverage, alongside bearish technical momentum with the stock trading below major moving averages.

Positive Factors

Accelerating revenue growth

Sustained double-digit top-line growth across consecutive years indicates durable demand for the company's development projects and execution capability. This scale expansion supports better absorption of fixed costs, provides room to reinvest in projects, and underpins medium-term earnings stability if the revenue trajectory holds.

Profitability rebound

A multi-year rebound from weak profitability to solid net income suggests improved project selection, pricing, or cost control rather than a one-off gain. If management sustains these operational improvements, the company can generate more internally-funded growth and better cover financing costs over the medium term.

Strengthening equity base

An expanding equity base improves solvency and cushions the balance sheet against project or market shocks. Higher equity reduces relative leverage and enhances capacity to finance new developments or refinance maturing debt, supporting more resilient capital structure over the next several quarters.

Negative Factors

Structurally high leverage

Persistently elevated debt ratios leave the company sensitive to interest-rate moves and liquidity shocks. High leverage limits strategic flexibility, increases refinancing and covenant risk, and can amplify downturns in a cyclical real estate market, posing a multi-quarter source of financial vulnerability.

Inconsistent cash generation

Project- and working-capital-driven swings in cash flow mean reported profits do not reliably convert to cash. This uneven conversion raises recurring funding needs, forces reliance on debt or equity raisings in weak years, and complicates sustainable dividend or capex planning over the medium term.

Volatile margins and earnings

Margin swings tied to project timing and cost exposure make earnings unpredictable. Such variability hinders long-term planning, weakens covenants sensitivity, and increases the likelihood that short-term cost pressures or slower sales could quickly reverse recent profitability gains.

Arr Planner Co., Ltd. Business Overview & Revenue Model

Company Description

Arr Planner Co., Ltd. engages in the custom-built housing and real estate businesses in Japan. It also involved condominium housing; reform/renovation; exterior; and used housing distribution business. In addition, the company provides real estate property buying, selling, and brokerage services. Arr Planner Co., Ltd. was incorporated in 2003 and is headquartered in Nagoya, Japan.

Arr Planner Co., Ltd. Financial Statement Overview

Summary

Profitability rebounded strongly (revenue +13.6%, net margin ~5.1%, operating margin ~7.7%), but the overall financial profile is held back by elevated leverage (debt ~2.5x equity) and especially weak cash generation with negative operating and free cash flow in 2026, signaling higher funding and liquidity sensitivity.

Income Statement

Profitability and growth improved meaningfully in the latest annual period (2026-01-31): revenue grew 13.6% and net margin expanded to ~5.1% (from ~3.6% in 2025 and ~0.7% in 2024). Operating profitability also strengthened, with operating margin rising to ~7.7%. That said, margins have been volatile over the cycle (notably weak in 2023–2024), which is a key risk for earnings durability in a development-driven business.

Balance Sheet

Leverage remains elevated, with debt running about 2.5x equity in 2026 (though improved from roughly 3.7–4.3x in 2021–2024). Equity has grown and returns on equity are strong in 2026 (~31%), but that performance is supported by meaningful leverage. Overall balance sheet risk looks moderate-to-high for the industry given the still-heavy debt load despite the improving trend.

Cash Flow

Cash generation is the main weak spot: operating cash flow and free cash flow turned negative in 2026 (after positive results in 2024–2025), highlighting working-capital/project timing volatility typical in real estate development. While prior years show the business can generate cash (e.g., positive operating and free cash flow in 2025), the swing back to cash burn raises near-term funding and liquidity sensitivity.

Breakdown	TTM	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022
Income Statement
Total Revenue	42.79B	48.62B	40.19B	32.07B	31.24B	28.06B
Gross Profit	7.52B	8.85B	6.74B	4.77B	4.84B	5.11B
EBITDA	3.01B	3.99B	2.42B	757.87M	878.89M	1.67B
Net Income	1.87B	2.46B	1.44B	221.77M	327.26M	960.02M
Balance Sheet
Total Assets	31.70B	35.10B	28.86B	25.40B	24.22B	22.56B
Cash, Cash Equivalents and Short-Term Investments	5.66B	6.29B	5.36B	3.39B	2.97B	3.38B
Total Debt	17.82B	19.39B	16.64B	16.20B	16.04B	12.92B
Total Liabilities	25.06B	27.29B	23.19B	21.05B	19.97B	18.63B
Stockholders Equity	6.64B	7.82B	5.66B	4.36B	4.25B	3.93B
Cash Flow
Free Cash Flow	0.00	-1.41B	1.72B	445.68M	-3.45B	-2.72B
Operating Cash Flow	0.00	-1.31B	1.95B	608.03M	-3.07B	-2.46B
Investing Cash Flow	0.00	-368.79M	-323.54M	-213.72M	-468.08M	-379.38M
Financing Cash Flow	0.00	2.39B	289.64M	18.37M	3.10B	3.62B

Arr Planner Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2830.00
• 50DMA: Negative
• 100DMA: Positive
• 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:2983, the sentiment is Negative. The current price of 2830 is above the 20-day moving average (MA) of 2026.10, above the 50-day MA of 1865.91, and above the 200-day MA of 1293.82, indicating a neutral trend. The MACD of -24.02 indicates Positive momentum. The RSI at 35.41 is Neutral, neither overbought nor oversold. The STOCH value of 3.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2983.

Arr Planner Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3293	78 Outperform	¥6.29B	11.79	2.90%	4.53%	-15.55%	-41.48%
3299	69 Neutral	¥53.83B	4.43	―	6.02%	1.33%	9.59%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2984	65 Neutral	¥6.48B	-13.82	―	4.09%	-32.57%	-91.67%
2983	60 Neutral	¥16.81B	7.14	―	2.07%	15.56%	67.66%
2981	58 Neutral	¥11.56B	9.02	―	2.26%	33.87%	142.66%
8897	55 Neutral	¥54.16B	6.36	6.98%	7.35%	-21.50%	-56.82%