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KI-Star Real Estate Co., Ltd.
(3465)
KI-Star Real Estate Co., Ltd. (3465) vs. iShares MSCI Japan ETF (EWJ)
KI-Star Real Estate Co., Ltd. Business Overview & Revenue Model
KI-Star Real Estate Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 359.56B | 342.55B | 283.08B | 241.88B | 184.39B | 155.75B |
| Gross Profit | 44.88B | 41.99B | 32.58B | 37.66B | 40.04B | 27.75B |
| EBITDA | 18.03B | 18.41B | 12.52B | 20.12B | 24.22B | 13.06B |
| Net Income | 9.97B | 8.86B | 6.74B | 11.85B | 14.75B | 7.62B |
Balance Sheet | ||||||
| Total Assets | 300.41B | 294.55B | 246.05B | 199.46B | 163.24B | 110.13B |
| Cash, Cash Equivalents and Short-Term Investments | 56.40B | 71.91B | 56.05B | 47.86B | 43.04B | 30.30B |
| Total Debt | 191.26B | 184.00B | 154.36B | 113.67B | 86.10B | 60.71B |
| Total Liabilities | 230.86B | 225.75B | 184.91B | 142.93B | 114.20B | 80.91B |
| Stockholders Equity | 61.22B | 60.14B | 54.51B | 50.99B | 44.04B | 24.53B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.04B | -16.09B | -17.01B | -21.51B | 11.52B |
| Operating Cash Flow | 0.00 | -626.00M | -15.28B | -16.39B | -20.71B | 12.01B |
| Investing Cash Flow | 0.00 | -7.54B | -4.89B | -2.48B | -3.11B | -348.92M |
| Financing Cash Flow | 0.00 | 22.21B | 27.07B | 22.39B | 36.56B | 4.48B |
KI-Star Real Estate Co., Ltd. Technical Analysis
KI-Star Real Estate Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥95.51B | 14.61 | ― | 3.08% | -6.27% | -11.07% | |
74 Outperform | ¥102.55B | 5.88 | ― | 2.93% | 20.83% | 57.13% | |
73 Outperform | ¥131.33B | 20.19 | 15.81% | 2.93% | 84.20% | 137.87% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥43.28B | 9.84 | ― | 0.45% | -8.33% | -36.89% | |
62 Neutral | ¥71.40B | 8.53 | ― | 2.89% | -3.09% | -35.66% | |
58 Neutral | ¥214.44B | 9.79 | 20.50% | 1.49% | 2.50% | -71.61% |
KI-Star Real Estate Co., Ltd. Corporate Events
KI-Star Real Estate Co., Ltd. has finalized key terms for a charged stock option program involving the issuance of 3,000 share acquisition rights to six company directors. Upon exercise, these rights will convert into a total of 300,000 shares of common stock, aligning director incentives with shareholder interests and potentially impacting the firm’s capital structure and governance dynamics.
The decision completes the details left open in the board’s February 12, 2026 resolution, formalizing a compensation scheme that reinforces management’s stake in the company’s future performance. This move reflects ongoing use of equity-based remuneration in Japan’s Prime Market, signaling KI-Star’s commitment to modern incentive practices and closer alignment between executive decision-making and long-term corporate value.
The most recent analyst rating on (JP:3465) stock is a Buy with a Yen8363.00 price target. To see the full list of analyst forecasts on KI-Star Real Estate Co., Ltd. stock, see the JP:3465 Stock Forecast page.
KI-STAR REAL ESTATE has approved the issuance of 3,000 charged stock options as share acquisition rights to its directors, tied to achieving performance targets under the first year of its Medium-Term Business Plan. The program, designed to support an ultimate sales goal of ¥500 billion, aims to boost management motivation and alignment with shareholders while limiting dilution to a potential 1.89% of existing shares.
The options were priced at fair value by an external valuation firm using a Monte Carlo model, with each right granting 100 common shares at an exercise price of ¥6,640, subject to standard adjustments for corporate actions. By requiring directors to purchase the options and conditioning exercisability on preset performance benchmarks, KI-STAR is positioning the scheme as an incentive-driven tool to drive growth in corporate value rather than as simple remuneration.
The most recent analyst rating on (JP:3465) stock is a Buy with a Yen8363.00 price target. To see the full list of analyst forecasts on KI-Star Real Estate Co., Ltd. stock, see the JP:3465 Stock Forecast page.
KI-STAR REAL ESTATE will expand and revise its shareholder benefits program to enhance returns for investors and encourage long-term shareholding. The company is shifting from Quo card gifts to higher-value electronic money and digital benefits, adding a March record date, and introducing tiered rewards tied to both shareholdings and a continuous holding period of more than one year.
Under the new scheme, effective from the March 31, 2026 record date, shareholders will receive electronic money benefits ranging from ¥2,000 to ¥10,000 depending on the number of shares held before and after an upcoming stock split. From September 2026 onward, benefits will also require shareholders to have maintained qualifying holdings across multiple consecutive record dates, signaling a strategic move to stabilize the shareholder base and potentially reduce short-term trading volatility.
An online application system will allow eligible shareholders to select from several electronic money options, modernizing the benefit process and potentially broadening its appeal. The revision underscores KI-STAR REAL ESTATE’s intent to strengthen shareholder engagement and align incentives with longer-term ownership, which may support valuation and liquidity in the Prime Market over time.
The most recent analyst rating on (JP:3465) stock is a Buy with a Yen7570.00 price target. To see the full list of analyst forecasts on KI-Star Real Estate Co., Ltd. stock, see the JP:3465 Stock Forecast page.
KI-STAR REAL ESTATE will implement a two-for-one stock split of its common shares, effective April 1, 2026, to lower the trading unit price, improve liquidity and broaden its investor base. The split will double the number of issued shares to 31,732,800, while leaving total share capital unchanged and keeping the year-end dividend for the fiscal year ending March 31, 2026, based on pre-split shares.
In conjunction with the split, the company will adjust the exercise price of existing share acquisition rights and amend its Articles of Incorporation to increase the total number of authorized shares to 96,000,000. These measures are designed to align the capital structure with the expanded share count and support future equity-related activities, potentially enhancing market flexibility and accessibility for stakeholders.
The most recent analyst rating on (JP:3465) stock is a Buy with a Yen7570.00 price target. To see the full list of analyst forecasts on KI-Star Real Estate Co., Ltd. stock, see the JP:3465 Stock Forecast page.
KI-STAR REAL ESTATE revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, raising projected net sales from ¥370 billion to ¥383 billion and operating profit from ¥23 billion to ¥26 billion. Profit attributable to owners of parent is now expected at ¥14.3 billion, up about 19% from the previous forecast, reflecting stronger-than-anticipated demand in its operating areas despite cost pressures and higher mortgage rates.
On a non-consolidated basis, the company lifted its net sales forecast to ¥220 billion and ordinary profit to ¥16 billion, marking increases of 4.8% and 36.8% respectively versus earlier guidance. In line with the improved earnings outlook, KI-STAR also raised its year-end dividend forecast from ¥100 to ¥130 per share, bringing the full-year dividend to ¥230, and clarified that these per-share figures are calculated before the planned 2-for-1 stock split effective April 1, 2026.
The most recent analyst rating on (JP:3465) stock is a Buy with a Yen7570.00 price target. To see the full list of analyst forecasts on KI-Star Real Estate Co., Ltd. stock, see the JP:3465 Stock Forecast page.
KI-Star Real Estate Co., Ltd. has presented materials related to its financial results for the third quarter of the fiscal year ending March 2026, underscoring its strategic focus on accessible home ownership. The company reiterates its purpose of delivering enriching, enjoyable and pleasant lifestyles, signaling a continued emphasis on residential real estate solutions that support broad-based homeownership and strengthen its position in the Japanese housing market.
The most recent analyst rating on (JP:3465) stock is a Buy with a Yen7570.00 price target. To see the full list of analyst forecasts on KI-Star Real Estate Co., Ltd. stock, see the JP:3465 Stock Forecast page.
KI-Star Real Estate reported strong results for the nine months to December 31, 2025, with net sales rising 18.9% year on year to ¥276.9 billion and profit attributable to owners of parent surging 82.4% to ¥10.7 billion, driving a sharp increase in earnings per share. Total assets expanded to ¥336.9 billion and shareholders’ equity improved, while the equity ratio remained around 20%, underscoring growth financed alongside a still-leveraged balance sheet.
Reflecting this momentum, the company revised its full-year forecast upward, now projecting net sales of ¥383.0 billion and profit attributable to owners of parent of ¥14.3 billion, gains of 11.8% and 61.4% respectively. KI-Star also raised its dividend outlook, lifting the expected full-year payout to ¥230 per share from ¥151 in the prior year, signaling management’s confidence and offering a tangible benefit to shareholders amid accelerating earnings growth.
The most recent analyst rating on (JP:3465) stock is a Buy with a Yen7570.00 price target. To see the full list of analyst forecasts on KI-Star Real Estate Co., Ltd. stock, see the JP:3465 Stock Forecast page.