JSB Co. Ltd. (JP:3480)
:3480
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JSB Co. Ltd.
(3480)
Select Model
Select Model
Rating:61Neutral
Price Target:
¥4,853.00
▲(36.13% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by mixed financial quality—strong revenue momentum but a notable 2025 profitability decline and weak/negative free cash flow—tempered by strong technical uptrend signals. Valuation is the main drag due to the very high P/E, with only modest support from the dividend yield.
Positive Factors
Recurring rental revenue model
JSB’s core business is recurring rent from student housing and managed properties, supported by university partnerships. That steady, contract-like revenue base provides durable cash inflows and demand resilience versus one-off development sales, underpinning multi-year stability.
Negative Factors
Margin compression in 2025
Sharp margin deterioration in 2025 signals structural pressure on profitability—likely higher costs or weaker project mix. Sustained margin erosion would reduce free cash flow and ROE, making earnings less resilient to downturns and limiting reinvestment or shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental revenue model
JSB’s core business is recurring rent from student housing and managed properties, supported by university partnerships. That steady, contract-like revenue base provides durable cash inflows and demand resilience versus one-off development sales, underpinning multi-year stability.
Read all positive factors
JSB Co. Ltd. (3480) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥99.91B
Dividend Yield2.95%
Average Volume (3M)20.74K
Price to Earnings (P/E)44.5
Beta (1Y)0.55
Revenue Growth9.37%
EPS Growth-31.19%
CountryJP
Employees1,156
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)18.16
Shares Outstanding21,957,600
10 Day Avg. Volume17,150
30 Day Avg. Volume20,736
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)1.85
Price to Sales (P/S)1.01
P/FCF Ratio-20.91
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)298.1
Revenue Forecast (FY)¥82.12B
JSB Co. Ltd. Business Overview & Revenue Model
Company Description
J.S.B.Co.,Ltd. engages in the planning, development, mediation, and management of condominiums in Japan. The company plans, develops, and operates student condominiums, halls, and dormitories; and houses for elderly. It also engages in the condomi...
JSB Co. Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 76.05B | 69.53B | 63.78B | 57.92B | 52.79B |
| Gross Profit | 13.68B | 12.44B | 11.37B | 10.28B | 9.00B |
| EBITDA | 9.87B | 12.98B | 8.81B | 7.91B | 6.36B |
| Net Income | 5.15B | 7.45B | 4.78B | 4.30B | 3.25B |
Balance Sheet | |||||
| Total Assets | 88.95B | 79.97B | 66.65B | 58.94B | 50.34B |
| Cash, Cash Equivalents and Short-Term Investments | 17.36B | 17.34B | 11.74B | 14.72B | 12.77B |
| Total Debt | 30.08B | 26.03B | 22.17B | 19.58B | 15.94B |
| Total Liabilities | 47.32B | 42.08B | 35.60B | 32.13B | 27.14B |
| Stockholders Equity | 41.63B | 37.90B | 31.02B | 26.78B | 23.17B |
Cash Flow | |||||
| Free Cash Flow | -3.67B | -1.11B | -4.63B | -1.28B | -2.02B |
| Operating Cash Flow | 6.81B | 8.17B | 6.25B | 6.04B | 4.91B |
| Investing Cash Flow | -9.32B | -5.25B | -11.11B | -7.09B | -7.22B |
| Financing Cash Flow | 2.53B | 2.68B | 1.88B | 3.00B | 5.69B |
JSB Co. Ltd. Technical Analysis
Positive
3565.00
Price Trends
3378.50
Positive
3468.05
Positive
3634.11
Positive
Market Momentum
38.40
Negative
75.67
Negative
47.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3480, the sentiment is Positive. The current price of 3565 is above the 20-day moving average (MA) of 3461.25, above the 50-day MA of 3378.50, and below the 200-day MA of 3634.11, indicating a bullish trend. The MACD of 38.40 indicates Negative momentum. The RSI at 75.67 is Negative, neither overbought nor oversold. The STOCH value of 47.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3480.
JSB Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥41.45B | 4.48 | ― | 3.01% | -1.93% | 47.35% | |
69 Neutral | ¥3.30T | 9.18 | 11.39% | 2.93% | 1.93% | 5.42% | |
69 Neutral | ¥55.46B | 4.43 | ― | 6.02% | 1.33% | 9.59% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ¥99.91B | 44.54 | ― | 2.95% | 9.37% | -31.19% | |
59 Neutral | ¥113.08B | 21.79 | 4.48% | 3.30% | -2.12% | 0.89% | |
55 Neutral | ¥55.65B | 6.36 | 6.98% | 7.35% | -21.50% | -56.82% |
* Real Estate Sector Average
JP:3480
JSB Co. Ltd.
4,600.00
1,443.04
45.71%
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JSB Co. Ltd. Corporate Events
J.S.B. Swings to Quarterly Profit and Lifts Full-Year Dividend Forecast on Solid Sales Growth
Mar 13, 2026
J.S.B. Co., Ltd. reported consolidated net sales of 16.77 billion yen for the three months ended January 31, 2026, up 9.9% year on year, while narrowing its operating and ordinary losses compared with the prior-year period and turning to a profit ...
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.