Hoosiers Holdings Co.,Ltd. (3284) AI Stock Analysis

• Market Cap: ¥53.69B
• Dividend Yield: 5.45%
• Average Volume (3M): 312.64K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 0.58
• Revenue Growth: 21.56%
• EPS Growth: 12.28%
• Country: JP
• Employees: 902
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): -2.06
• Shares Outstanding: 41,766,773
• 10 Day Avg. Volume: 219,470
• 30 Day Avg. Volume: 312,636
• PEG Ratio: 0.53
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.42
• P/FCF Ratio: -2.58
• 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: 67 Neutral
• Price Target: ¥1,524.00 ▲(15.81% Upside)
• Action: Reiterated Date: 10/30/25
• Date: Action: Reiterated 10/30/25

The overall stock score is driven by strong valuation metrics, with a low P/E ratio and high dividend yield. Financial performance shows solid profitability but is offset by cash flow and leverage concerns. Technical analysis presents mixed signals, suggesting cautious market sentiment.

Positive Factors

Consistent revenue growth

Hoosiers has delivered consecutive top-line gains, with revenue up 6.6% in 2025. Durable revenue growth supports predictable cash inflows, underpins operational scale and reinvestment capacity, and provides a foundation for margin maintenance and strategic execution over the next several months.

Stable margins and strong operating efficiency

Gross margin stability (~23.6%) combined with robust EBIT/EBITDA margins indicates consistent pricing power and cost controls in core residential construction operations. Such margin durability supports profitability resilience and cash generation potential across typical project cycles.

Improving equity metrics and ROE

An improved equity ratio and rising ROE show the company is generating better returns on shareholder capital and modestly strengthening its capital base. These gains point to improving capital efficiency and greater resilience to shocks, supporting longer-term operational plans despite elevated leverage.

Negative Factors

High leverage

A debt-to-equity ratio above 2.5 signals material reliance on borrowed funds. Elevated leverage reduces financial flexibility, raises interest burden risk, and constrains strategic options such as opportunistic investments or rapid deleveraging, particularly if market or funding conditions tighten.

Negative operating and free cash flow

Material negative operating and free cash flow despite reported profits indicate the business is not converting earnings into cash. This undermines the ability to service debt, fund capex, or sustain shareholder returns without external financing, and represents a persistent liquidity risk until cash conversion improves.

Slowing revenue growth rate

While revenue remains positive, the deceleration versus prior periods signals potential saturation or competitive pressures. Slower top-line expansion makes it harder to deleverage, limits margin expansion opportunities, and heightens reliance on efficiency gains to sustain earnings momentum over the medium term.

Hoosiers Holdings Co.,Ltd. Business Overview & Revenue Model

Company Description

Hoosiers Holdings Co., Ltd. operates, manages, and sells condominium apartments in Japan. It engages in the real estate investment, development, leasing, and brokerage activities, as well as management of buildings; insurance agency business; sale of interior items; refurbishment; planning and management of PPP and PFI business; management of sports facilities; and investment management, advisory, and consulting business activities. The company was incorporated in 2013 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Hoosiers Holdings generates revenue through a diversified revenue model that includes income from its portfolio companies in real estate, manufacturing, and technology sectors. Key revenue streams include rental income from commercial and residential properties, profits from the sale of manufactured goods, and returns on technology investments. The company also engages in strategic partnerships that enhance its operational capabilities and market reach, allowing it to capitalize on emerging trends and opportunities. Additionally, Hoosiers Holdings may earn management fees from its subsidiaries, further contributing to its earnings.

Hoosiers Holdings Co.,Ltd. Financial Statement Overview

Summary

Hoosiers Holdings exhibits solid profitability with consistent revenue growth and stable margins. However, the slowing growth rate and high leverage pose challenges. Cash flow issues highlight potential liquidity concerns, necessitating improved cash and debt management.

Income Statement

Hoosiers Holdings has demonstrated consistent revenue growth over the past few years, with a notable 6.6% increase in revenue from 2024 to 2025. The gross profit margin remained stable at around 23.6% in 2025. The company also showed an improvement in its net profit margin, increasing to 5.9% in 2025. EBIT and EBITDA margins are strong, indicating efficient core operations. However, the revenue growth rate has slowed down compared to earlier years, indicating potential future challenges.

Balance Sheet

The company maintains a relatively high debt-to-equity ratio of 2.53 in 2025, which indicates a reliance on debt financing. However, the equity ratio has improved to 23.4%, suggesting better balance sheet strength. Return on equity (ROE) has also seen improvement, reaching 12.96% in 2025, reflecting effective use of equity to generate profits. While leverage remains a concern, the overall position shows stability.

Cash Flow

The cash flow statement reveals challenges, with a negative operating cash flow of -14.21 billion yen in 2025, primarily due to higher operating expenses. Free cash flow has decreased, resulting in a negative free cash flow of -15.11 billion yen. The operating cash flow to net income ratio is negative, indicating cash flow issues despite profitability. Improvement in cash flow management is needed to support future growth.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	92.14B	92.15B	86.42B	79.29B	79.54B	80.22B
Gross Profit	22.10B	21.79B	20.44B	19.08B	16.68B	16.08B
EBITDA	11.10B	10.73B	10.58B	9.90B	8.08B	6.65B
Net Income	5.21B	5.46B	4.81B	4.56B	3.07B	2.88B
Balance Sheet
Total Assets	191.71B	179.86B	164.40B	147.50B	127.91B	136.03B
Cash, Cash Equivalents and Short-Term Investments	23.18B	30.55B	31.62B	31.25B	32.60B	30.76B
Total Debt	123.80B	106.63B	90.66B	85.78B	72.65B	84.10B
Total Liabilities	146.49B	131.96B	117.54B	104.84B	88.95B	99.66B
Stockholders Equity	39.43B	42.14B	38.80B	34.79B	31.26B	28.86B
Cash Flow
Free Cash Flow	9.43B	-15.11B	-2.38B	-8.10B	18.16B	7.44B
Operating Cash Flow	9.63B	-14.21B	186.00M	-7.53B	20.26B	10.72B
Investing Cash Flow	48.00M	274.00M	-2.41B	-178.00M	-4.17B	-3.06B
Financing Cash Flow	-5.08B	12.53B	2.41B	5.93B	-9.90B	-15.08B

Hoosiers Holdings Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1316.00
• 50DMA: Positive
• 100DMA: Positive
• 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:3284, the sentiment is Positive. The current price of 1316 is below the 20-day moving average (MA) of 1338.70, below the 50-day MA of 1327.88, and above the 200-day MA of 1275.90, indicating a neutral trend. The MACD of -6.52 indicates Positive momentum. The RSI at 50.28 is Neutral, neither overbought nor oversold. The STOCH value of 40.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3284.

Hoosiers Holdings Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3284	67 Neutral	¥53.69B	14.72	―	5.45%	21.56%	12.28%
1420	64 Neutral	¥8.44B	15.87	―	3.58%	10.75%	117.39%
1873	62 Neutral	¥13.00B	58.56	―	3.44%	―	―
8917	62 Neutral	¥17.51B	12.21	―	3.75%	19.17%	-42.56%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1419	56 Neutral	¥117.22B	47.87	―	5.49%	-16.48%	-77.63%
8904	52 Neutral	¥12.24B	10.97	―	4.61%	-2.47%	7.50%

Hoosiers Holdings Co.,Ltd. Corporate Events

Hoosiers Holdings Projects Strong Rebound Despite Third-Quarter Loss

Hoosiers Holdings Co., Ltd., a Japan-based real estate developer focused on housing and related property services, has shown steady growth in sales and profit over recent fiscal years, supported by improving gross margins and rising returns on equity. The company targets continued expansion in its core domestic market, leveraging its established position in residential development.

For the fiscal year ending March 2026, the company forecasts a sharp increase in net sales to ¥132.5 billion and operating income of ¥12.9 billion, despite reporting a temporary net loss attributable to owners of the parent in the third quarter. Profitability indicators such as operating margin, ordinary income ratio, and ROE are projected to recover meaningfully for the full year, signaling management’s expectation of a strong rebound and a solidification of its financial base for shareholders and other stakeholders.

The most recent analyst rating on (JP:3284) stock is a Hold with a Yen1380.00 price target. To see the full list of analyst forecasts on Hoosiers Holdings Co.,Ltd. stock, see the JP:3284 Stock Forecast page.

Hoosiers Swings to Nine-Month Loss but Sticks to Strong Profit, Dividend Outlook

Hoosiers Holdings reported consolidated net sales of ¥51.3 billion for the nine months to December 31, 2025, up 11.9% year on year, but operating income plunged 80% to ¥650 million and the company swung to a net loss of ¥969 million, resulting in a per-share loss of ¥25.63. Total assets rose to ¥210.9 billion and shareholders’ equity increased, but the equity ratio slipped to 21.3%, while management kept its full-year forecast unchanged, targeting sharp profit recovery to ¥6.5 billion in net income on ¥132.5 billion in sales and signaling confidence by raising annual dividends to a projected ¥74 per share, up from ¥62 in the prior year.

Despite weaker earnings in the first nine months, Hoosiers has strengthened its balance sheet through share issuance and maintained its Prime Market listing profile. The decision not to revise guidance or the dividend outlook suggests management views the current loss as temporary and expects a significant rebound in profitability, an important signal for investors watching leverage levels and capital efficiency.

The most recent analyst rating on (JP:3284) stock is a Hold with a Yen1380.00 price target. To see the full list of analyst forecasts on Hoosiers Holdings Co.,Ltd. stock, see the JP:3284 Stock Forecast page.

Hoosiers Holdings to Merge Real Estate Subsidiaries to Streamline Group Operations

Hoosiers Holdings will merge two wholly owned consolidated subsidiaries, making Hoosiers Corporation the surviving entity and dissolving Hoosiers Asset Management Co., Ltd. in an absorption-type merger effective April 1, 2026, with no new share issuance or cash consideration. The restructuring is aimed at reintegrating group operations, unifying management, and concentrating management resources across development, investment, and leasing businesses to enhance overall group efficiency and corporate value, while Hoosiers Corporation will continue as a 100%-owned core real estate operating company covering both development and asset management functions.

The most recent analyst rating on (JP:3284) stock is a Hold with a Yen1366.00 price target. To see the full list of analyst forecasts on Hoosiers Holdings Co.,Ltd. stock, see the JP:3284 Stock Forecast page.

Hoosiers Holdings Reports Q2 Sales Growth Amid Profitability Challenges

Hoosiers Holdings Co., Ltd. reported a significant increase in net sales for the second quarter of the fiscal year ending March 31, 2026, with a 35.3% rise compared to the previous year. Despite this growth, the company faced a net loss attributable to owners of the parent, reflecting challenges in profitability. The company plans to commence dividend payments on December 5, 2025, and maintains its full-year earnings forecast, indicating a positive outlook for the remainder of the fiscal year.

The most recent analyst rating on (JP:3284) stock is a Hold with a Yen1366.00 price target. To see the full list of analyst forecasts on Hoosiers Holdings Co.,Ltd. stock, see the JP:3284 Stock Forecast page.