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Open House Co
(3288)
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Rating:66Neutral
Price Target:
¥9,061.00
▲(8.13% Upside)
Action:Downgraded
Date:08/04/26
The score is driven primarily by mixed financial performance (strong profitability and ROE but weaker revenue growth, cash flow conversion, and higher leverage). Valuation is a clear positive with a low P/E and decent yield, while technicals are neutral-to-soft as the stock trades below key moving averages.
Positive Factors
Sustained margins
Healthy gross, EBIT and net margins indicate durable operational efficiency in home development and sales. Strong margins provide buffer against cyclical pressure in real estate, supporting sustained profitability and capacity to reinvest in projects or return cash to shareholders.
Negative Factors
Slowing revenue growth
A sharp drop in revenue growth signals weakening demand or lower project deliveries. Over several months this erodes scale benefits, constrains margin expansion opportunities, and raises execution risk for future developments given reliance on volume to cover fixed costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained margins
Healthy gross, EBIT and net margins indicate durable operational efficiency in home development and sales. Strong margins provide buffer against cyclical pressure in real estate, supporting sustained profitability and capacity to reinvest in projects or return cash to shareholders.
Read all positive factors
Open House Co (3288) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥993.27B
Dividend Yield2.28%
Average Volume (3M)216.79K
Price to Earnings (P/E)8.7
Beta (1Y)0.47
Revenue Growth3.42%
EPS Growth30.95%
CountryJP
Employees6,620
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)979.49
Shares Outstanding116,735,700
10 Day Avg. Volume353,070
30 Day Avg. Volume216,793
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)1.63
Price to Sales (P/S)0.66
P/FCF Ratio33.32
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)1,079.71
Revenue Forecast (FY)¥1.50T
Open House Co Business Overview & Revenue Model
Company Description
Open House Co., Ltd. (3288) is a Japan-based real estate company focused on residential property. The company operates across activities such as the development and sale of homes and related real estate services. null...
How the Company Makes Money
Open House primarily generates revenue from the sale of residential real estate (e.g., newly built homes and/or condominiums) to individual buyers, recognizing revenue when properties are delivered/closed. It also earns income from associated real...
Open House Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.38T | 1.34T | 1.30T | 1.15T | 952.69B | 810.54B |
| Gross Profit | 259.96B | 243.17B | 206.92B | 218.36B | 184.57B | 155.32B |
| EBITDA | 165.48B | 154.55B | 141.41B | 142.78B | 126.11B | 106.46B |
| Net Income | 111.09B | 100.67B | 92.92B | 92.05B | 77.88B | 69.58B |
Balance Sheet | ||||||
| Total Assets | 1.51T | 1.41T | 1.28T | 1.20T | 1.03T | 879.91B |
| Cash, Cash Equivalents and Short-Term Investments | 413.76B | 421.90B | 409.96B | 401.88B | 349.31B | 337.73B |
| Total Debt | 783.35B | 720.06B | 611.77B | 575.14B | 508.96B | 437.18B |
| Total Liabilities | 926.53B | 873.16B | 746.17B | 718.25B | 635.47B | 532.77B |
| Stockholders Equity | 582.92B | 538.63B | 464.72B | 416.60B | 338.09B | 294.36B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 26.42B | 99.92B | 11.01B | -19.50B | 48.34B |
| Operating Cash Flow | 0.00 | 29.53B | 104.76B | 17.39B | -16.36B | 50.12B |
| Investing Cash Flow | 0.00 | -11.11B | -22.06B | -35.01B | -4.88B | 23.54B |
| Financing Cash Flow | 0.00 | -2.96B | -69.78B | 48.54B | 25.21B | 40.59B |
Open House Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥993.27B | 8.69 | 20.25% | 2.32% | 3.42% | 30.95% | |
66 Neutral | ¥1.16T | 11.27 | 20.50% | 4.58% | 5.93% | 5.17% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ¥961.37B | 9.87 | 11.33% | 3.42% | 8.32% | 24.67% | |
58 Neutral | ¥156.03B | 15.07 | 8.95% | 3.39% | 9.27% | 7.27% | |
56 Neutral | ¥4.63T | 21.32 | 8.71% | 1.15% | 10.53% | 20.72% | |
54 Neutral | ¥4.23T | 15.44 | 8.63% | 2.26% | 3.21% | 13.04% |
* Real Estate Sector Average
JP:3288
Open House Co
8,430.00
1,523.14
22.05%
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4.29%
Open House Co Corporate Events
Open House Group Advances Large-Scale Share Buyback Program
Aug 3, 2026
Open House Group Co., Ltd. has disclosed the latest progress of its ongoing share buyback program authorized by its board in November 2025. Between July 1 and July 31, 2026, the company repurchased 353,400 common shares on the open market for a to...
Open House Group Advances Large-Scale Share Buyback Program
Jul 1, 2026
Open House Group Co., Ltd. has repurchased 411,000 of its common shares on the open market between June 1 and June 30, 2026, at a total cost of approximately ¥3.46 billion. This transaction forms part of a broader share buyback program author...
Open House Group Revises Stock Option Allocation for Subsidiary Executives
Jun 5, 2026
Open House Group Co., Ltd. has issued a correction to its previously announced details regarding the allocation of stock options in the form of new stock acquisition rights. The revision specifically affects the number of executive officers of who...
Open House Group Sets Terms for Broad Employee Stock Option Issuance
Jun 5, 2026
Open House Group has finalized the terms for a new issuance of stock acquisition rights to be used as stock options for employees of the parent company and the directors, executive officers and employees of its wholly owned subsidiaries. The progr...
Open House Group Advances Share Buyback, Spending ¥16 Billion to Date
Jun 1, 2026
Open House Group Co., Ltd., a Japan-based real estate and housing company listed under securities code 3288, focuses on residential development, sales, and related services for domestic property markets. The company serves individual homebuyers an...
Open House Group to Book ¥107 Billion in Subsidiary Dividends on Non-Consolidated Earnings
May 15, 2026
Open House Group Co., Ltd. said it will receive a total of 107 billion yen in dividends from three consolidated subsidiaries, including Open House Development, Open House Real Estate and MELDIA. The dividend distributions, resolved on May 15, 2026...
Open House Group launches 15th stock option program to align employee incentives with share value
May 15, 2026
Open House Group Co., Ltd. has approved the issuance of its 15th series of stock acquisition rights as stock options to employees of the parent company and to directors, executive officers and employees of its wholly owned subsidiaries. The progra...
Open House Group Raises FY2026 Earnings Outlook on Robust Urban Housing Demand
May 11, 2026
Open House Group revised its consolidated financial forecast for the fiscal year ending September 30, 2026, modestly raising targets for operating profit, ordinary profit and profit attributable to owners, while keeping or slightly lifting its net...
Open House Group Lifts FY2026 Outlook on Record Sales and Strong Housing Demand
May 11, 2026
Open House Group reported record-high net sales of ¥689.1 billion and operating profit of ¥84.3 billion for the second quarter of FY2026, with profit attributable to owners of the parent reaching ¥57.0 billion. The company exceeded ...
Open House Group Boosts Earnings and Lifts Dividend on Strong First-Half Results
May 11, 2026
Open House Group reported consolidated net sales of ¥689.2 billion for the six months ended March 31, 2026, a 7.1% year-on-year increase, with operating profit rising 14.4% to ¥84.4 billion and profit attributable to owners of parent up ...
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.