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Good Com Asset Co.,Ltd.
(3475)
Good Com Asset Co.,Ltd. (3475) vs. iShares MSCI Japan ETF (EWJ)
Good Com Asset Co.,Ltd. Business Overview & Revenue Model
Good Com Asset Co.,Ltd. Financial Statement Overview
| 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
Good Com Asset Co.,Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $994.10B | 25.41 | 11.06% | 2.88% | 11.00% | 88.70% | |
75 Outperform | ¥244.81B | 8.22 | ― | 2.67% | 2.29% | -4.12% | |
72 Outperform | ¥1.17T | 9.44 | 19.60% | 1.94% | 3.13% | 11.87% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥148.77B | 10.72 | 14.78% | 2.95% | 17.74% | 19.41% | |
63 Neutral | ¥160.34B | 20.44 | 8.95% | 3.39% | 28.94% | 109.35% | |
54 Neutral | ¥45.30B | -26.35 | ― | 3.75% | -8.66% | -53.57% |
Good Com Asset Co.,Ltd. Corporate Events
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 parent of ¥356 million, reflecting continued earnings pressure despite strong top-line growth. Total assets expanded to ¥61.57 billion while the equity ratio fell to 19.8% from 29.9%, indicating higher leverage, and the company maintained its dividend stance with a zero first-half payout and a full-year forecast of ¥46 per share, alongside a bullish full-year outlook projecting ¥79.28 billion in sales and a sharp profit rebound driven in part by changes in accounting policies.
The company’s capital position weakened in the quarter as net assets declined to ¥12.51 billion, but management signaled confidence by leaving earnings and dividend forecasts unchanged and planning investor briefings to explain its strategy. While the current quarterly loss may concern shareholders, the substantial forecasted profit growth and maintenance of shareholder returns suggest the firm expects its development pipeline and business model to translate into stronger performance over the full fiscal year, though actual results will depend on market conditions and execution.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1461.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
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, efforts to expand the investment pipeline, and the strategic consolidation of Livenup Group to enter the detached housing market.
The company also emphasized initiatives tied to the 10th anniversary of its stock-market listing, including shareholder benefits and return policies, and presented a new mid-term management plan covering FY2026 to FY2030. These moves indicate a focus on broadening revenue sources in real estate, deepening investor engagement, and setting a structured roadmap for medium-term growth and capital policy.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1461.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
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 per share, totaling approximately 66.48 million yen, and is allocated to directors, auditors, a subsidiary director, and employees, reinforcing the company’s equity-based incentive structure and aligning management and staff interests with shareholders.
The restricted stock was distributed to seven company directors, three auditors, one director of a subsidiary, and four employees, reflecting a broad application of performance-linked compensation across senior management and key personnel. This move is likely intended to strengthen corporate governance and long-term commitment, while signaling to the market an emphasis on shareholder value and internal alignment of incentives within the organization.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1480.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
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 seller’s details remain undisclosed, the purchase price exceeds 30% of Goodcom Asset’s previous fiscal year consolidated net assets, and revenue contribution from the project is expected from the fiscal year ending October 2029 onward, with only a minimal impact on consolidated financial results overall.
The transaction underscores Goodcom Asset’s continued expansion in the residential real estate market, strengthening its pipeline of future condominium sales in the Greater Tokyo area. Despite the sizable investment relative to its net assets, the company signals that the financial effect on short- to medium-term earnings will be limited, suggesting a measured growth strategy that aims to balance portfolio expansion with earnings stability for stakeholders.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1480.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
Good Com Asset Co., Ltd. has approved the disposal of 51,699 shares of its treasury stock, worth approximately ¥66.5 million, to directors, corporate auditors, a subsidiary director and employees as restricted stock compensation, with the transaction scheduled for February 25, 2026 at ¥1,286 per share. The allotment is part of the company’s previously approved restricted stock compensation framework aimed at linking management and employee incentives to long-term corporate value, expanding the scheme to outside directors, auditors and group employees, and reinforcing alignment with shareholders through long-term shareholding and retention-based restrictions tied to tenure and retirement.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1308.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
Goodcom Asset Co., Ltd. has confirmed its group executive structure following a Board of Directors meeting on January 29, 2026, largely maintaining continuity in its leadership team while adding one new outside director. President and CEO Yoshikazu Nagashima and the existing slate of internal and outside directors, auditors, and executive officers remain in their current positions, with a similar unchanged structure at subsidiary Goodcom Co., Ltd., as the group pursues a new organizational framework aimed at further strengthening governance and enhancing corporate value.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1308.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
Goodcom Asset Co., Ltd. has disclosed that it has been sued by RIBATY Co., Ltd., which is seeking approximately ¥3.7 billion in damages over failed real estate sales negotiations. RIBATY alleges that Goodcom created a legally protected expectation that a contract would be concluded and then unjustly terminated negotiations, causing financial harm. Goodcom disputes these claims, arguing that any purchase offer to RIBATY was explicitly subject to approval by its Board of Directors, that no such approval was granted, and that it therefore bears no legal responsibility for the non-formation of the contract. The company plans to contest the lawsuit vigorously and seek full dismissal of RIBATY’s claims, while pledging to provide further disclosures as the litigation progresses, an outcome that could have financial and reputational implications depending on the court’s decision.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1308.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.
Good Com Asset reported weaker consolidated results for the fiscal year ended October 31, 2025, with net sales down 8.7% to ¥54.6 billion and profit attributable to owners of parent falling 54.2% to ¥1.5 billion, pressuring margins and return on equity. Despite the earnings decline, net assets edged up and the company maintained a higher year-end dividend of ¥45 per share and forecasts a sharp rebound in the year ending October 31, 2026, projecting a 45.3% jump in net sales and nearly tripling profit to ¥4.54 billion, supported in part by the consolidation of the newly acquired Livenup Group, which signals an aggressive growth stance and could materially reshape its earnings profile and market positioning if achieved.
The most recent analyst rating on (JP:3475) stock is a Hold with a Yen1283.00 price target. To see the full list of analyst forecasts on Good Com Asset Co.,Ltd. stock, see the JP:3475 Stock Forecast page.