JSB Co. Ltd. (3480) AI Stock Analysis

• Market Cap: ¥76.02B
• Dividend Yield: 2.95%
• Average Volume (3M): 20.74K
• Price to Earnings (P/E): 14.3
• 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): 298.1
• Revenue Forecast (FY): ¥82.12B

• Rating: 65 Neutral
• Price Target: ¥3,440.00 ▼(-3.51% Downside)
• Action: Reiterated Date: 12/19/25
• Date: Action: Reiterated 12/19/25

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

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 condominium and building operation and management; property management; electricity/firefighting equipment management; real estate brokerage; operation of Japanese language school; home care support, home-visit care, and day care business; welfare equipment rental business; cafeteria business; security product development; and rental of furniture and home appliances. In addition, the company offers cleaning and repair services; employment seminars and forum management; human resources services; land development consulting; and rent liability guarantee services. Further, it is involved in the non-life insurance agency business; publication of housing information magazines, such as Student Boarding House Yearbook, Student Mansion Book, and Smile Age; information provision through the Internet; and peripheral device sales and maintenance management for Internet use. J.S.B.Co.,Ltd. was founded in 1976 and is headquartered in Kyoto, Japan.

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	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

• Technical Analysis Sentiment: Positive
• Last Price: 3565.00
• 50DMA: Positive
• 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 Positive. The current price of 3565 is above the 20-day moving average (MA) of 3382.75, above the 50-day MA of 3395.60, and below the 200-day MA of 3645.93, indicating a neutral trend. The MACD of 24.28 indicates Negative momentum. The RSI at 64.98 is Neutral, neither overbought nor oversold. The STOCH value of 69.83 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1847	79 Outperform	¥47.99B	8.60	―	3.01%	-1.93%	47.35%
3299	74 Outperform	¥61.91B	9.06	―	6.02%	1.33%	9.59%
1925	73 Outperform	¥3.66T	11.15	11.39%	2.93%	1.93%	5.42%
8871	69 Neutral	¥113.76B	21.51	4.48%	3.30%	-2.12%	0.89%
8897	68 Neutral	¥57.28B	6.17	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	¥76.02B	14.32	―	2.95%	9.37%	-31.19%