B-Lot Co. Ltd. (3452) AI Stock Analysis

• Market Cap: ¥28.30B
• Dividend Yield: 3.99%
• Average Volume (3M): 91.20K
• Price to Earnings (P/E): 17.8
• Beta (1Y): 0.88
• Revenue Growth: 3.72%
• EPS Growth: -27.94%
• Country: JP
• Employees: 175
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 20.54
• Shares Outstanding: 20,032,400
• 10 Day Avg. Volume: 63,540
• 30 Day Avg. Volume: 91,200
• PEG Ratio: 0.40
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.73
• P/FCF Ratio: -2.62
• 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: ¥1,675.00 ▲(14.26% Upside)
• Action: Downgraded Date: 11/18/25
• Date: Action: Downgraded 11/18/25

B-Lot Co. Ltd.'s strong financial performance is the most significant factor, supported by robust revenue and profit growth and efficient cash flow management. However, the technical analysis indicates weak market momentum, with the stock being oversold. The valuation is favorable, with a low P/E ratio and a high dividend yield, which partially offsets the negative technical indicators.

Positive Factors

Revenue Growth

Sustained double-digit top-line growth (+18.3% latest) indicates expanding market demand and successful sales execution in the real-estate services niche. Over a 2–6 month horizon, continued revenue momentum supports scale benefits, pricing leverage, and strategic reinvestment capacity.

Operating Profitability

High operating (≈21.3%) and net margins (~11.7%) demonstrate durable profitability from the core business model, implying efficient cost structure and pricing power. These margin levels create lasting earnings cushion to fund operations, sustain returns, and absorb cyclical softness.

Return on Equity

Consistent ROE near 22% signals effective capital allocation and strong earnings generation on equity. Persistent high ROE supports shareholder returns and increases internal financing potential, underpinning durable competitive advantage and funding flexibility over medium term.

Negative Factors

Elevated Leverage

A rapid rise in leverage to ~3.8x materially increases interest‑rate and refinancing vulnerability. High debt reduces balance-sheet flexibility to invest or absorb shocks; over the next several months elevated leverage raises default and covenant risks if cash flows don't stabilize.

Cash Flow Deterioration

A swing to negative operating and free cash flow despite positive net income suggests working-capital stress or heavy investment needs. This weakens self‑funding capacity and forces reliance on external financing, exacerbating risks given the company’s higher debt load.

Margin Compression

Sequential margin compression points to rising costs or an adverse revenue mix that erodes profitability. If persistent, lower margins will reduce cash generation and ROE, making deleveraging and dividend maintenance more challenging across the medium term.

B-Lot Co. Ltd. Business Overview & Revenue Model

Company Description

B-Lot Company Limited engages in the real estate and financial consulting businesses in Japan. It offers real estate brokerage, development, revitalization, and securitization services; and property management and administrative services, as well as leasing of offices and residences. The company was incorporated in 2008 and is based in Tokyo, Japan.

How the Company Makes Money

B-Lot Co. Ltd. generates revenue primarily through the sale and installation of its automated parking systems, which cater to both commercial and residential developments. The company also earns income from maintenance contracts and software subscriptions related to its fleet management and mobility solutions. Additionally, B-Lot Co. Ltd. has established strategic partnerships with municipal governments and private developers, allowing it to expand its market reach and leverage funding for large-scale projects. These collaborations play a critical role in driving revenue growth and enhancing the company's competitive position in the smart city sector.

B-Lot Co. Ltd. Financial Statement Overview

Summary

B-Lot Co. Ltd. exhibits strong financial health with impressive revenue and profit growth, efficient cash flow management, and a stable equity position. The company effectively manages profitability and cash generation, though it maintains moderate debt levels, which could be optimized further.

Income Statement

B-Lot Co. Ltd. has demonstrated strong revenue growth, with a notable increase of 31.6% from 2023 to 2024. The gross profit margin is solid at 32.5%, and the net profit margin has improved to 12.7%, indicating enhanced profitability. The EBIT margin is robust at 20.5%, while the EBITDA margin is also healthy at 21.6%. These metrics reflect effective cost management and an upward trajectory in profitability.

Balance Sheet

The company's balance sheet shows a debt-to-equity ratio of 1.95, which is moderate but indicates reliance on debt financing. The return on equity is strong at 22.3%, reflecting good returns for shareholders. The equity ratio stands at 31.0%, suggesting a stable equity financing structure, though there is room to improve leverage management.

Cash Flow

B-Lot Co. Ltd. has achieved significant free cash flow growth, increasing by 19.2% from 2023 to 2024. The operating cash flow to net income ratio is 1.56, demonstrating efficient cash generation relative to earnings. The free cash flow to net income ratio is 1.48, indicating strong cash flow management. The company displays a solid ability to convert earnings into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.93B	37.78B	30.93B	23.51B	19.91B	14.75B
Gross Profit	12.14B	12.41B	10.05B	8.65B	5.93B	4.82B
EBITDA	8.15B	8.41B	6.70B	5.80B	3.04B	2.16B
Net Income	4.60B	4.42B	3.94B	3.30B	1.64B	953.00M
Balance Sheet
Total Assets	100.06B	101.44B	56.90B	57.24B	56.01B	48.75B
Cash, Cash Equivalents and Short-Term Investments	15.84B	16.73B	12.80B	10.80B	11.21B	13.24B
Total Debt	75.56B	76.07B	34.35B	37.11B	40.22B	36.16B
Total Liabilities	81.48B	81.40B	39.23B	42.20B	43.96B	38.12B
Stockholders Equity	18.57B	20.03B	17.66B	14.72B	12.01B	10.61B
Cash Flow
Free Cash Flow	0.00	-10.49B	5.82B	4.88B	-4.09B	167.00M
Operating Cash Flow	0.00	-9.66B	6.15B	5.01B	-4.05B	298.00M
Investing Cash Flow	0.00	-6.35B	18.00M	-78.00M	-1.98B	260.00M
Financing Cash Flow	0.00	18.23B	-4.27B	-4.68B	3.76B	2.08B

B-Lot Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1466.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3452, the sentiment is Negative. The current price of 1466 is below the 20-day moving average (MA) of 1554.60, below the 50-day MA of 1541.86, and below the 200-day MA of 1522.21, indicating a bearish trend. The MACD of -22.56 indicates Positive momentum. The RSI at 37.43 is Neutral, neither overbought nor oversold. The STOCH value of 11.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3452.

B-Lot Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8898	82 Outperform	¥11.95B	11.85	―	4.98%	3.29%	-1.74%
3276	73 Outperform	¥21.62B	15.65	―	4.36%	1.52%	16.04%
3452	67 Neutral	¥28.30B	17.84	―	3.99%	3.72%	-27.94%
2991	67 Neutral	¥14.04B	6.93	―	1.47%	20.82%	9.86%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2980	64 Neutral	¥43.28B	9.84	―	0.45%	-8.33%	-36.89%
3252	62 Neutral	¥71.40B	8.53	―	2.89%	-3.09%	-35.66%