JINUSHI Co.,Ltd. (3252) AI Stock Analysis

• Market Cap: ¥70.21B
• Dividend Yield: 2.89%
• Average Volume (3M): 88.94K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.58
• Revenue Growth: -3.09%
• EPS Growth: -35.66%
• Country: JP
• Employees: 111
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.96
• Shares Outstanding: 21,569,700
• 10 Day Avg. Volume: 90,510
• 30 Day Avg. Volume: 88,943
• PEG Ratio: 0.26
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.69
• P/FCF Ratio: -8.29
• 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: 62 Neutral
• Price Target: ¥3,503.00 ▲(7.62% Upside)

JINUSHI Co.,Ltd. has a balanced profile with strong revenue growth and operational efficiency, but faces challenges in cash flow management and declining profit margins. The stock's valuation is reasonable, and the dividend yield is attractive. Technical indicators suggest a neutral trend, with no strong momentum in either direction.

Positive Factors

Leverage Reduction

A materially lower debt-to-equity ratio meaningfully reduces refinancing and liquidity risk for a property developer. This enhances financial flexibility to fund new developments or weather cyclical rent/sales downturns and supports more stable capital allocation over months.

Operational Efficiency

Sustained double-digit EBIT/EBITDA margins indicate efficient property operations and cost control in leasing, management and development. Strong operating profitability supports internal cash generation, funding reinvestment and cushioning margin volatility from the real estate cycle.

Recurring and Diversified Revenue

A business mix of leasing, property sales and management fees creates recurring cash flow from rents and contractual management revenues while allowing one-time sales upside. This diversification reduces reliance on a single revenue source and stabilizes income across property cycles.

Negative Factors

Cash Flow Weakness

Negative operating cash flow signals the company may not be converting accounting profits into sustainable cash, forcing reliance on financing or asset sales. Over several months this pressures capex, development timelines and dividend coverage, increasing financial fragility in downturns.

Margin Erosion

Significant declines in gross and net margins suggest rising costs or pricing pressure in sales/leasing. Persistent margin compression reduces free cash flow and investment capacity, and if structural, undermines returns on projects and the firm's ability to sustain dividends or growth investments.

Inconsistent Revenue Trend

A negative overall revenue growth metric despite recent pockets of stronger results indicates revenue volatility or inconsistent execution. Over a multi-month horizon, unstable top-line trends complicate forecasting, project planning and capital allocation for a developer exposed to market cycles.

JINUSHI Co.,Ltd. Business Overview & Revenue Model

Company Description

JINUSHI Co.,Ltd. engages in the real estate investment and development business in Japan. The company is involved in the subleasing, leasing, and fund fee; and real estate planning and brokerage businesses. It also purchases, leases, and sells land. The company was formerly known as Nippon Commercial Development Co., Ltd. JINUSHI Co.,Ltd. was incorporated in 2000 and is headquartered in Osaka, Japan.

How the Company Makes Money

JINUSHI Co., Ltd. generates revenue through several key streams: primarily from the sale and leasing of residential properties, as well as property management services. The company's revenue model includes income from rent collected from tenants, profits realized from property sales, and management fees charged to property owners. Additionally, JINUSHI may engage in real estate investment activities, earning returns from investments in various property projects. Strategic partnerships with local contractors and financial institutions also contribute to its revenue through collaborative projects and financing solutions, enhancing its market reach and operational efficiency.

JINUSHI Co.,Ltd. Financial Statement Overview

Summary

JINUSHI Co.,Ltd. shows strong revenue growth and operational efficiency, but faces challenges with declining profit margins and cash flow management. The reduction in leverage is a positive development, enhancing financial stability.

Income Statement

JINUSHI Co.,Ltd. has demonstrated strong revenue growth of 19.16% in the latest period, indicating a positive trajectory. However, the gross profit margin has decreased from 33.23% to 23.47%, and the net profit margin has also declined from 14.90% to 10.67%. Despite these margin contractions, the company maintains a solid EBIT margin of 15.55% and an EBITDA margin of 15.92%, reflecting operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved from 2.00 to 1.41, showing a reduction in leverage, which is a positive sign. However, the return on equity has slightly decreased from 15.01% to 13.66%, indicating a slight decline in profitability relative to shareholder equity. The equity ratio stands at 38.60%, suggesting a moderate level of financial stability.

Cash Flow

JINUSHI Co.,Ltd. faces challenges in cash flow management, with negative operating and free cash flows in the latest period. The operating cash flow to net income ratio is negative, indicating cash flow issues. However, the free cash flow to net income ratio of 1.09 suggests that the company is generating free cash flow relative to its net income, albeit with volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.95B	57.07B	31.60B	49.89B	56.18B	64.84B
Gross Profit	10.50B	13.39B	10.50B	10.86B	9.26B	8.94B
EBITDA	6.05B	9.08B	7.82B	6.69B	5.61B	5.11B
Net Income	3.63B	6.09B	4.71B	3.64B	3.12B	3.27B
Balance Sheet
Total Assets	115.40B	115.42B	101.48B	72.15B	86.34B	71.22B
Cash, Cash Equivalents and Short-Term Investments	26.99B	23.70B	23.09B	23.14B	17.26B	20.90B
Total Debt	62.21B	62.90B	62.77B	37.16B	49.81B	0.00
Total Liabilities	68.95B	70.62B	69.98B	41.20B	58.56B	46.38B
Stockholders Equity	46.28B	44.56B	31.36B	30.90B	27.78B	24.84B
Cash Flow
Free Cash Flow	0.00	-4.74B	-25.88B	19.61B	-2.00B	4.69B
Operating Cash Flow	0.00	-4.33B	-25.21B	19.99B	11.37B	4.76B
Investing Cash Flow	0.00	-2.07B	3.69B	-156.00M	-17.51B	-130.67M
Financing Cash Flow	0.00	6.88B	21.11B	-13.97B	2.36B	-5.92B

JINUSHI Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3255.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3252, the sentiment is Positive. The current price of 3255 is above the 20-day moving average (MA) of 3055.33, above the 50-day MA of 2941.82, and above the 200-day MA of 2520.06, indicating a bullish trend. The MACD of 91.13 indicates Negative momentum. The RSI at 78.39 is Negative, neither overbought nor oversold. The STOCH value of 85.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3252.

JINUSHI Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8935	76 Outperform	¥49.13B	6.69	―	3.64%	15.82%	22.32%
3496	75 Outperform	¥64.07B	33.20	―	2.10%	27.87%	40.22%
2986	69 Neutral	¥69.13B	12.32	―	5.71%	8.07%	12.06%
3245	69 Neutral	¥55.79B	9.47	―	5.74%	67.46%	68.52%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3482	65 Neutral	¥50.20B	7.92	―	2.38%	33.64%	-0.28%
3252	62 Neutral	¥70.21B	17.04	―	2.89%	-3.09%	-35.66%

JINUSHI Co.,Ltd. Corporate Events

JINUSHI Co., Ltd. Expands Strategic Partnership with KKR Group through New Joint Venture

JINUSHI Co., Ltd. has announced the establishment of a new special-purpose company, JINUSHI–KJRM GK, in collaboration with the Industrial & Infrastructure Fund Investment Corporation, managed by KKR Group. This venture involves a significant investment in 10 land parcels valued at ¥31.7 billion, with JINUSHI contributing over 90% of the equity. This move is part of JINUSHI’s strategy to expand its partnership with KKR Group, enhancing its position in the logistics and industrial real estate sector.

The most recent analyst rating on (JP:3252) stock is a Hold with a Yen3112.00 price target. To see the full list of analyst forecasts on JINUSHI Co.,Ltd. stock, see the JP:3252 Stock Forecast page.

JINUSHI Co., Ltd. Forms Strategic Partnership with Mitsubishi HC Capital Realty for New Fund

JINUSHI Co., Ltd. has announced a basic agreement with Mitsubishi HC Capital Realty Inc. to form the ‘JINUSHI FUND,’ aimed at managing leased land over the medium to long term. This initiative is expected to enhance the company’s asset management capabilities, allowing it to efficiently manage its balance sheet while expanding purchases and ensuring sustainable profit growth. The fund is projected to grow to approximately ¥100 billion within two years, with JINUSHI Co., Ltd. serving as a sub-asset manager.

JINUSHI Co., Ltd. Revises Forecasts and Increases Dividend for FY2025

JINUSHI Co., Ltd. has announced an upward revision of its consolidated forecast for the fiscal year ending December 31, 2025, driven by accelerated purchases and asset replacement activities. The company expects a record net profit of ¥7.1 billion and has increased its annual dividend to ¥110 per share, reflecting its commitment to progressive dividend policy and sustainable profit growth.

JINUSHI Co., Ltd. Reports Decline in 2025 Financial Performance but Increases Dividend Forecast

JINUSHI Co., Ltd. reported a decline in financial performance for the first nine months of 2025, with net sales dropping by 9.3% and operating profit decreasing by 40.5% compared to the same period in 2024. Despite the downturn, the company revised its dividend forecast upwards, including a commemorative dividend for its 25th anniversary, indicating a strategic focus on shareholder returns.

JINUSHI Co., Ltd. Strengthens Alliance with CCReB Advisors Inc.

JINUSHI Co., Ltd. has announced a capital and business alliance with CCReB Advisors Inc. to enhance corporate value through a stronger relationship, including acquiring a 2.54% stake in CCReB. This alliance aims to expand JINUSHI’s CRE sector and leverage AI-driven Prop-Tech systems, positioning both companies for growth in the real estate and technology sectors.

JINUSHI Co., Ltd. Settles Lawsuit with BALM Co., Ltd., Recognizes Extraordinary Income

JINUSHI Co., Ltd. has reached a settlement with BALM Co., Ltd. regarding a lawsuit over breached land lease agreements, resulting in the recognition of ¥906 million as extraordinary income. This settlement, along with other strategic financial moves, is expected to lead to an upward revision of JINUSHI’s financial forecast for the fiscal year ending December 2025.

JINUSHI Co., Ltd. Sells 22 Properties to Boost REIT’s Asset Size

JINUSHI Co., Ltd. has announced the sale of 22 real estate properties to JINUSHI Private REIT, Inc. for approximately ¥28 billion, as part of the REIT’s 10th capital increase. This transaction is expected to boost JINUSHI REIT’s total asset size to ¥291.1 billion, bringing it closer to its medium-term goal of ¥300 billion by the end of fiscal year 2026. The sale highlights the long-term stability and investor demand for JINUSHI’s business model, which is resistant to natural disasters and market volatility.