JSB Co. Ltd. (3480) AI Stock Analysis

• Market Cap: ¥70.26B
• Dividend Yield: 2.95%
• Average Volume (3M): 20.74K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.66
• Revenue Growth: 9.37%
• EPS Growth: -31.19%
• Country: JP
• Employees: 1,156
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -24.00
• Shares Outstanding: 21,957,600
• 10 Day Avg. Volume: 17,150
• 30 Day Avg. Volume: 20,736
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ¥3,440.00 ▼(-3.51% Downside)

JSB Co. Ltd. has a solid revenue growth trajectory and reasonable valuation, but faces challenges with declining profitability and negative cash flow. The technical indicators suggest a bearish trend, which could impact short-term performance.

Positive Factors

Consistent revenue growth

Sustained revenue growth provides a durable platform for JSB to scale development projects, support recurring cash inflows, and finance strategic investments. Over 2–6 months this trend underpins revenue visibility and supports long-term planning and project pipelines.

Stable gross profit margins

Stable gross margins signal consistent core project economics and effective construction or procurement controls. This margin resiliency helps preserve operating profit potential even if SG&A or financing costs rise, supporting sustainable earnings over multiple quarters.

Healthy equity ratio and moderate leverage

A healthy equity ratio and cautious use of debt give JSB structural financial flexibility critical for real estate development cycles. This balance reduces solvency risk, eases access to funding, and supports project execution across changing market conditions.

Negative Factors

Declining net income and EBIT margins

Falling EBIT and net margins point to weakening operational efficiency or rising overheads that can erode long-term profitability. If persistent, margin compression will reduce reinvestment capacity and shareholder returns, challenging financial resilience beyond near-term quarters.

Negative free cash flow

Consistent negative free cash flow signals that operating cash generation doesn't cover investment needs, which can force reliance on external financing. Over months this raises liquidity risk, increases financing costs, and may constrain growth or project starts without cash improvements.

Declining return on equity

Lower ROE indicates reduced effectiveness in converting equity into profits, which may stem from margin pressures or capital deployment issues. Persistently declining ROE undermines long-term shareholder value creation and suggests management must improve capital efficiency.

JSB Co. Ltd. Business Overview & Revenue Model

Company Description

JSB Co. Ltd. (3480) is a leading company in the manufacturing and distribution of advanced materials and technology solutions. The company operates primarily in the industrial and consumer sectors, offering a diverse range of products including specialty chemicals, performance materials, and electronic components. JSB Co. Ltd. is committed to innovation and sustainability, positioning itself as a key player in the global market through its cutting-edge research and development capabilities.

How the Company Makes Money

JSB Co. Ltd. generates revenue through several key streams, primarily from the sale of its specialty chemicals and performance materials to various industries, including automotive, electronics, and construction. The company also earns income from its electronic components division, which supplies critical components to manufacturers in the tech industry. Additionally, JSB Co. Ltd. has established strategic partnerships with leading firms, enhancing its distribution network and expanding its market reach. Factors contributing to its earnings include a strong emphasis on innovation, a robust supply chain, and a growing demand for sustainable and high-performance materials in the global market.

JSB Co. Ltd. Financial Statement Overview

Summary

JSB Co. Ltd. shows consistent revenue growth and a stable financial structure. However, declining profitability margins and negative free cash flow indicate challenges in operational efficiency and liquidity management.

Income Statement

JSB Co. Ltd. has shown consistent revenue growth over the years, with a recent growth rate of 1.95%. The gross profit margin has remained stable, indicating effective cost management. However, there is a noticeable decline in net income and EBIT margins, suggesting potential challenges in operational efficiency or increased expenses.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, which has slightly increased over the years, indicating a cautious approach to leveraging. The return on equity has decreased, reflecting a decline in profitability. The equity ratio remains healthy, suggesting a stable financial structure.

Cash Flow

JSB Co. Ltd. faces challenges with negative free cash flow, indicating potential liquidity issues. The operating cash flow to net income ratio is stable, but the negative free cash flow to net income ratio highlights the need for improved cash management strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	74.59B	76.05B	69.53B	63.78B	57.92B	52.79B
Gross Profit	13.36B	13.68B	12.44B	11.37B	10.28B	9.00B
EBITDA	10.40B	9.87B	12.98B	8.81B	7.91B	6.36B
Net Income	5.58B	5.15B	7.45B	4.78B	4.30B	3.25B
Balance Sheet
Total Assets	86.54B	88.95B	79.97B	66.65B	58.94B	50.34B
Cash, Cash Equivalents and Short-Term Investments	17.24B	17.36B	17.34B	11.74B	14.72B	12.77B
Total Debt	29.17B	30.08B	26.03B	22.17B	19.58B	15.94B
Total Liabilities	44.44B	47.32B	42.08B	35.60B	32.13B	27.14B
Stockholders Equity	42.10B	41.63B	37.90B	31.02B	26.78B	23.17B
Cash Flow
Free Cash Flow	0.00	-3.67B	-1.11B	-4.63B	-1.28B	-2.02B
Operating Cash Flow	0.00	6.81B	8.17B	6.25B	6.04B	4.91B
Investing Cash Flow	0.00	-9.32B	-5.25B	-11.11B	-7.09B	-7.22B
Financing Cash Flow	0.00	2.53B	2.68B	1.88B	3.00B	5.69B

JSB Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3565.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3480, the sentiment is Negative. The current price of 3565 is above the 20-day moving average (MA) of 3313.50, above the 50-day MA of 3454.70, and below the 200-day MA of 3643.03, indicating a bearish trend. The MACD of -75.87 indicates Negative momentum. The RSI at 34.64 is Neutral, neither overbought nor oversold. The STOCH value of 51.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3480.

JSB Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1847	78 Outperform	¥36.23B	6.94	―	3.01%	-1.93%	47.35%
1814	74 Outperform	¥40.16B	13.43	―	3.86%	14.97%	72.48%
3299	74 Outperform	¥50.00B	8.57	―	6.02%	1.33%	9.59%
8871	69 Neutral	¥113.08B	21.38	4.48%	3.30%	-2.12%	0.89%
8897	68 Neutral	¥53.35B	10.19	6.98%	7.35%	-21.50%	-56.82%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
3480	65 Neutral	¥70.26B	13.24	―	2.95%	9.37%	-31.19%