JSB Co. Ltd. (JP:3480)
:3480
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JSB Co. Ltd.
(3480)
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Rating:66Neutral
Price Target:
¥9,698.00
▲(172.03% Upside)
Action:Downgraded
Date:06/17/26
The score is driven primarily by solid but mixed financial performance—strong revenue momentum tempered by 2025 margin deterioration and persistently weak free cash flow. Technicals are strong but look overbought, while valuation is a headwind due to a high P/E and modest dividend yield.
Positive Factors
Recurring rental revenue / student-housing model
JSB's core business centers on recurring rents from student and rental properties and partnerships with universities. That recurring cash generation provides predictable revenue, supports occupancy stability, and underpins long-term contract-driven income, reducing reliance on one-off property sales.
Negative Factors
Persistent negative free cash flow
Despite accounting profits, free cash flow has been persistently negative and plunged in 2025, showing earnings do not convert to surplus cash. This forces reliance on external capital for capex and working capital, heightening refinancing, funding-cost and liquidity risks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental revenue / student-housing model
JSB's core business centers on recurring rents from student and rental properties and partnerships with universities. That recurring cash generation provides predictable revenue, supports occupancy stability, and underpins long-term contract-driven income, reducing reliance on one-off property sales.
Read all positive factors
JSB Co. Ltd. (3480) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥195.11B
Dividend Yield2.95%
Average Volume (3M)20.74K
Price to Earnings (P/E)28.5
Beta (1Y)0.73
Revenue Growth8.46%
EPS Growth14.23%
CountryJP
Employees1,156
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)244.00
Shares Outstanding21,966,000
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)¥82.58B
JSB Co. Ltd. Business Overview & Revenue Model
Company Description
J.S.B.Co.,Ltd. is a Japanese firm dedicated to the full lifecycle of condominiums, from their initial planning and development to mediation and ongoing management. The company specializes in creating, developing, and operating residential properti...
How the Company Makes Money
JSB Co. Ltd. generates revenue primarily through its property management services, which include the development, leasing, and management of student accommodations and rental properties. The company also earns income from real estate sales and rel...
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
6084.80
Positive
4873.05
Positive
4272.40
Positive
Market Momentum
803.96
Negative
85.98
Negative
99.43
Negative
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 below the 20-day moving average (MA) of 7264.00, below the 50-day MA of 6084.80, and below the 200-day MA of 4272.40, indicating a bullish trend. The MACD of 803.96 indicates Negative momentum. The RSI at 85.98 is Negative, neither overbought nor oversold. The STOCH value of 99.43 is Negative, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥39.05B | 5.95 | ― | 3.01% | 7.25% | 36.43% | |
66 Neutral | ¥195.11B | 28.50 | ― | 2.95% | 8.46% | 14.23% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥41.96B | 7.74 | ― | 6.02% | -5.07% | -26.79% | |
62 Neutral | ¥2.83T | 7.72 | 11.39% | 2.93% | 2.61% | 10.14% | |
58 Neutral | ¥112.06B | 18.31 | 4.48% | 3.30% | 3.93% | 16.91% | |
56 Neutral | ¥53.75B | 11.54 | 6.98% | 7.35% | 9.08% | -42.76% |
* Real Estate Sector Average
JP:3480
JSB Co. Ltd.
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JSB Co. Ltd. Corporate Events
J.S.B. Board Backs Ursa 4 Tender Offer and Recommends Shareholders Tender
Jun 15, 2026
J.S.B. Co., Ltd. has announced that its board of directors voted to support a tender offer by Ursa 4 Kabushiki Kaisha to acquire all outstanding common shares and certain stock acquisition rights. The board is recommending that shareholders and ho...
Warburg Pincus-Backed Ursa 4 Launches Full Tender Offer for J.S.B. Co., Ltd.
Jun 14, 2026
Ursa 4 Kabushiki Kaisha, a recently established acquisition vehicle ultimately controlled by private equity firm Warburg Pincus through a Cayman Islands partnership, has launched a tender offer for all common shares and stock acquisition rights of...
J.S.B. Board Backs Ursa 4 Tender Offer and Plans Delisting
Jun 12, 2026
J.S.B. Co., Ltd. said its board has decided to support a tender offer launched by Ursa 4 Kabushiki Kaisha for all common shares and specified stock acquisition rights, and will recommend that shareholders and rights holders tender their securities...
J.S.B. Scraps Year-End Dividend Amid Tender Offer and Planned Delisting
Jun 12, 2026
J.S.B. Co., Ltd. has decided to revise its dividend forecast for the fiscal year ending October 31, 2026 and will not pay a year-end dividend if a planned tender offer by Ursa 4 Kabushiki Kaisha is successfully completed. The board supports the te...
J.S.B. Co. Posts Strong First-Half Earnings and Raises Profit, But Suspends Dividends for FY 2026
Jun 12, 2026
J.S.B. Co., Ltd. reported consolidated net sales of ¥45.8 billion for the first six months ended April 30, 2026, an 8.4% year-on-year increase, with operating profit up 9.1% to ¥8.7 billion and profit attributable to owners of parent jum...
J.S.B. to Absorb AI Talent Subsidiary Mewcket in Streamlining Move
May 14, 2026
J.S.B. Co., Ltd. has approved an absorption-type merger of its wholly owned subsidiary Mewcket Inc., with the parent company remaining as the surviving entity and the transaction scheduled to take effect on August 1, 2026. The move, executed as a ...
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.