Central General Development Co., Ltd. (JP:3238)
:3238
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Central General Development Co., Ltd.
(3238)
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Rating:44Neutral
Price Target:
¥352.00
▼(-14.77% Downside)
Action:Reiterated
Date:05/10/26
The score is held down primarily by weakening fundamentals: sharp margin compression, higher leverage with declining returns, and persistently negative free cash flow. Technicals add modest pressure with the stock below key longer-term moving averages and a negative MACD. Valuation is mixed due to a negative P/E and only a modest dividend yield.
Positive Factors
Revenue growth acceleration
Top-line acceleration in 2026 demonstrates stronger demand or contract wins versus prior years, providing a durable base for recovery. Sustained revenue growth supports capacity utilization and strategic investment over the next 2–6 months even as margins adjust, improving prospects for normalization of profitability.
Negative Factors
Severe margin compression
Margins have compressed materially, eroding the firm's ability to convert revenue into profits. With net margin near zero, the business has minimal buffer against cost shocks, reducing sustainable earnings power and making it harder to restore ROE and fund investments from internal cash flow over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth acceleration
Top-line acceleration in 2026 demonstrates stronger demand or contract wins versus prior years, providing a durable base for recovery. Sustained revenue growth supports capacity utilization and strategic investment over the next 2–6 months even as margins adjust, improving prospects for normalization of profitability.
Read all positive factors
Central General Development Co., Ltd. (3238) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.52B
Dividend Yield3.41%
Average Volume (3M)8.40K
Price to Earnings (P/E)24.0
Beta (1Y)0.35
Revenue Growth24.50%
EPS Growth-70.31%
CountryJP
Employees172
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)51.77
Shares Outstanding9,681,600
10 Day Avg. Volume6,160
30 Day Avg. Volume8,400
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.32
Price to Sales (P/S)0.09
P/FCF Ratio-8.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Central General Development Co., Ltd. Business Overview & Revenue Model
Company Description
Central General Development Co., Ltd. engages in the real estate business in Japan. The company plans, constructs, and sells condominiums. It is also involved in the building and condominium rental and management services; and insurance agency bus...
How the Company Makes Money
null...
Central General Development Co., Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
42
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.57B | 38.45B | 30.88B | 31.93B | 30.39B | 29.31B |
| Gross Profit | 6.06B | 5.96B | 5.76B | 6.10B | 5.18B | 5.06B |
| EBITDA | 1.46B | 1.13B | 1.41B | 1.84B | 1.64B | 1.25B |
| Net Income | 497.45M | 147.60M | 497.35M | 904.57M | 845.48M | 630.07M |
Balance Sheet | ||||||
| Total Assets | 47.04B | 46.10B | 45.42B | 36.59B | 28.96B | 29.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.05B | 1.09B | 978.25M | 1.42B | 2.53B | 2.04B |
| Total Debt | 33.23B | 31.32B | 30.70B | 22.39B | 15.27B | 16.50B |
| Total Liabilities | 37.26B | 35.80B | 35.16B | 26.65B | 19.88B | 20.89B |
| Stockholders Equity | 9.78B | 10.30B | 10.26B | 9.94B | 9.09B | 8.35B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -383.44M | -8.60B | -8.09B | 1.87B | 1.11B |
| Operating Cash Flow | 0.00 | 178.04M | -7.61B | -6.85B | 2.66B | 2.36B |
| Investing Cash Flow | 0.00 | -545.13M | -969.22M | -1.25B | -789.67M | -1.25B |
| Financing Cash Flow | 0.00 | 481.19M | 8.14B | 6.98B | -1.38B | -370.72M |
Central General Development Co., Ltd. Technical Analysis
Negative
413.00
Price Trends
365.63
Positive
391.38
Negative
401.80
Negative
Market Momentum
0.72
Negative
50.71
Neutral
31.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3238, the sentiment is Negative. The current price of 413 is above the 20-day moving average (MA) of 367.50, above the 50-day MA of 365.63, and above the 200-day MA of 401.80, indicating a neutral trend. The MACD of 0.72 indicates Negative momentum. The RSI at 50.71 is Neutral, neither overbought nor oversold. The STOCH value of 31.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3238.
Central General Development Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥4.01B | 5.16 | ― | 0.50% | 4.89% | 42.80% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥5.36B | 37.78 | ― | 2.51% | 48.59% | ― | |
59 Neutral | ¥14.35B | 6.14 | ― | 1.47% | 15.19% | -6.43% | |
57 Neutral | ¥63.11B | 9.28 | ― | 2.89% | 4.32% | 11.25% | |
48 Neutral | ¥3.25B | -6.40 | ― | ― | 30.15% | -15.22% | |
44 Neutral | ¥3.52B | 24.01 | ― | 3.41% | 24.50% | -70.31% |
* Real Estate Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.