Good Com Asset Co.,Ltd. (JP:3475)
:3475
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Good Com Asset Co.,Ltd.
(3475)
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Rating:47Neutral
Price Target:
¥1,331.00
▲(5.80% Upside)
Action:Reiterated
Date:05/08/26
The score is held back primarily by deteriorating recent financials (margin compression, higher leverage, and negative 2025 cash flow) and bearish technicals with the stock trading below key moving averages. A moderate dividend yield provides some offset, but valuation is clouded by a negative P/E.
Positive Factors
Focused investor condominium business
Good Com Asset's vertically integrated model—acquisition, development, sales and ongoing property management for investor-targeted urban condos—creates durable demand and recurring management fees. This specialization builds repeatable sales channels, operational know-how and a stable service revenue stream over cycles.
Negative Factors
Elevated and rising leverage
Leverage near 2x and a history of much higher ratios materially increases refinancing, interest and liquidity risk for a cyclical property developer. Elevated debt limits strategic flexibility, heightens vulnerability to rate rises or sales slowdowns, and magnifies downside in weak market periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused investor condominium business
Good Com Asset's vertically integrated model—acquisition, development, sales and ongoing property management for investor-targeted urban condos—creates durable demand and recurring management fees. This specialization builds repeatable sales channels, operational know-how and a stable service revenue stream over cycles.
Read all positive factors
Good Com Asset Co.,Ltd. (3475) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥40.86B
Dividend Yield3.75%
Average Volume (3M)269.28K
Price to Earnings (P/E)31.8
Beta (1Y)0.32
Revenue Growth-4.28%
EPS Growth-60.96%
CountryJP
Employees186
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)53.58
Shares Outstanding30,543,200
10 Day Avg. Volume166,790
30 Day Avg. Volume269,280
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)2.73
Price to Sales (P/S)0.71
P/FCF Ratio-35.16
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)N/A
Revenue Forecast (FY)N/A
Good Com Asset Co.,Ltd. Business Overview & Revenue Model
Company Description
Good Com Asset Co., Ltd. plans, develops, and sells residential condominiums and lots under the GENOVIA brand in Japan. It also provides residential real estate management and rental services; and acts as a real estate consultant. In addition, the...
How the Company Makes Money
Good Com Asset Co., Ltd. generates revenue primarily through the sale of investment-focused condominium units. The company acquires real estate properties, develops them into condominiums, and markets these properties to individual investors as in...
Good Com Asset Co.,Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
52
Neutral
Cash Flow
38
Negative
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 54.58B | 59.75B | 22.19B | 40.05B | 34.22B |
| Gross Profit | 7.88B | 8.89B | 5.57B | 7.61B | 6.11B |
| EBITDA | 3.04B | 5.61B | 2.29B | 4.78B | 3.68B |
| Net Income | 1.52B | 3.32B | 1.03B | 2.86B | 1.96B |
Balance Sheet | |||||
| Total Assets | 46.29B | 39.46B | 53.50B | 24.45B | 20.45B |
| Cash, Cash Equivalents and Short-Term Investments | 9.74B | 11.66B | 8.06B | 11.68B | 7.97B |
| Total Debt | 27.80B | 19.83B | 40.38B | 10.07B | 8.99B |
| Total Liabilities | 31.74B | 25.52B | 41.89B | 12.98B | 11.24B |
| Stockholders Equity | 14.20B | 13.94B | 11.61B | 11.47B | 9.21B |
Cash Flow | |||||
| Free Cash Flow | -1.10B | 25.84B | -33.20B | 3.48B | 9.66B |
| Operating Cash Flow | -1.10B | 25.86B | -33.17B | 3.48B | 9.70B |
| Investing Cash Flow | -2.55B | -701.07M | -53.66M | -255.88M | -90.79M |
| Financing Cash Flow | 1.53B | -21.56B | 29.45B | 455.81M | -8.23B |
Good Com Asset Co.,Ltd. Technical Analysis
Negative
1258.00
Price Trends
1544.84
Negative
1457.39
Negative
1414.43
Negative
Market Momentum
-54.07
Negative
35.58
Neutral
25.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3475, the sentiment is Negative. The current price of 1258 is below the 20-day moving average (MA) of 1419.35, below the 50-day MA of 1544.84, and below the 200-day MA of 1414.43, indicating a bearish trend. The MACD of -54.07 indicates Negative momentum. The RSI at 35.58 is Neutral, neither overbought nor oversold. The STOCH value of 25.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3475.
Good Com Asset Co.,Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥1.01T | 8.77 | 19.60% | 1.94% | 3.42% | 30.95% | |
69 Neutral | ¥226.43B | 8.72 | ― | 2.67% | 8.13% | 7.00% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥160.32B | 9.42 | 14.78% | 2.95% | 16.84% | 22.03% | |
61 Neutral | ¥920.37B | 9.54 | 11.06% | 2.88% | 8.32% | 24.62% | |
58 Neutral | ¥153.25B | 13.96 | 8.95% | 3.39% | 20.87% | 16.79% | |
47 Neutral | ¥40.86B | 31.79 | ― | 3.75% | -4.28% | -60.96% |
* Real Estate Sector Average
JP:3475
Good Com Asset Co.,Ltd.
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Good Com Asset Co.,Ltd. Corporate Events
Goodcom Asset Sells 10 GENOVIA Condo Assets to Fifth Private Fund
Apr 27, 2026
Goodcom Asset Co., Ltd. has approved the sale of 10 GENOVIA-branded condominium properties, totaling 584 units across the Tokyo metropolitan area and nearby prefectures, into its fifth privately placed real estate fund. The buyer is a special purp...
Goodcom Asset Upscales Tokyo Condo Project and Delays Completion to 2028
Apr 20, 2026
Goodcom Asset has revised its development plan for a condominium project in Minami-Yukigaya, Ota-ku, Tokyo, cutting the planned number of units from 95 to 57 and pushing back expected completion from April 2027 to October 2028. Revenue recognition...
Good Com Asset Posts Q1 Loss but Sticks to Aggressive Full-Year Profit Outlook
Apr 1, 2026
Good Com Asset Co., Ltd. reported consolidated net sales of ¥4.69 billion for the three months ended Jan. 31, 2026, an 82.6% rise from a year earlier, but remained in the red with an operating loss of ¥235 million and a net loss attribut...
Good Com Asset Swings to Quarterly Loss but Projects Sharp Full-Year Rebound
Mar 17, 2026
Good Com Asset Co., Ltd. reported consolidated net sales of ¥4.69 billion for the three months ended January 31, 2026, up 82.6% year on year, but posted an operating loss of ¥235 million and a net loss attributable to owners of the paren...
Goodcom Asset Sets FY2026 Q1 Framework and Mid-Term Growth Roadmap
Mar 17, 2026
Goodcom Asset Co., Ltd. released an outline of its FY2026 first-quarter financial results for the period from November 1, 2025, to January 31, 2026, together with full-year financial goals. The materials highlight its real estate fund operations, ...
Goodcom Asset Completes Treasury Stock Disposal for Restricted Stock Compensation
Feb 25, 2026
Goodcom Asset Co., Ltd. has completed the payment procedures for the disposal of treasury stock used as restricted stock compensation, following a board resolution dated January 29, 2026. The transaction covers 51,699 common shares at 1,286 yen pe...
Goodcom Asset to Acquire Large Condominium Project in Chiba
Feb 24, 2026
Goodcom Asset Co., Ltd. has approved the purchase of a large condominium property in Makuhari-cho, Hanamigawa-ku, Chiba City, comprising 212 units on a 2,228.02 square meter site, with delivery scheduled for the end of November 2028. While the sel...
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.