AZ Planning Co., Ltd. (3490) AI Stock Analysis

• Market Cap: ¥3.54B
• Dividend Yield: 1.08%
• Average Volume (3M): 9.59K
• Price to Earnings (P/E): 4.8
• Beta (1Y): 0.37
• Revenue Growth: 16.28%
• EPS Growth: 146.48%
• Country: JP
• Employees: 63
• Sector: Real Estate
• Sector Strength: 50
• Industry: Real Estate - Services
• EPS (TTM): 51.82
• Shares Outstanding: 1,273,000
• 10 Day Avg. Volume: 25,650
• 30 Day Avg. Volume: 9,593
• PEG Ratio: -0.14
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥2,561.00
• Price Target Upside: -8.04% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 80 Outperform
• Price Target: ¥3,188.00 ▲(14.47%Upside)

The strong technical analysis and attractive valuation are the primary drivers of the overall score, supported by bullish momentum and low P/E ratio. However, financial performance is hampered by high leverage and negative cash flow, which poses risks to future financial health.

AZ Planning Co., Ltd. Business Overview & Revenue Model

Company Description

AZ Planning Co., Ltd. (3490) is a Japanese company engaged in the real estate industry. The company specializes in the planning, development, and management of real estate properties. Its core services include real estate sales, leasing, and consulting, primarily targeting residential and commercial properties.

How the Company Makes Money

AZ Planning Co., Ltd. generates revenue primarily through the sale and leasing of real estate properties. The company earns money from property sales by developing and selling residential and commercial properties to individuals and businesses. Leasing operations contribute to a steady stream of income by renting out properties to tenants under long-term lease agreements. Additionally, the company provides real estate consulting services, which offer strategic advice and support to clients, further contributing to its revenue. Strategic partnerships with construction companies, financial institutions, and real estate agencies also play a significant role in enhancing its business operations and revenue potential.

AZ Planning Co., Ltd. Financial Statement Overview

Summary

AZ Planning Co., Ltd. exhibits strong revenue growth and improving profitability margins, with a CAGR of 17% in revenue and an improved gross profit margin of 15.6% by 2025. However, volatile net income and significant debt levels pose financial stability risks, alongside negative cash flow indicating liquidity challenges.

Income Statement

The company exhibits a strong revenue growth trajectory with a notable increase from JPY 5.51 billion in 2020 to JPY 12.43 billion in 2025, representing a compound annual growth rate (CAGR) of approximately 17%. Gross profit margin improved over the years, reaching 15.6% in 2025. However, net income has been volatile, with a net profit margin of 3.7% in 2025. EBIT and EBITDA margins have also shown improvement, indicating operational efficiency, yet the fluctuations in net income suggest underlying challenges.

Balance Sheet

The company's debt-to-equity ratio is high, indicating significant leverage, with total debt consistently exceeding equity. This is a potential risk factor. Return on equity (ROE) improved to 15.6% in 2025, reflecting better profitability. The equity ratio remains moderate due to high leverage, which poses some financial stability risks.

Cash Flow

Cash flow performance is concerning, with negative operating cash flow in recent years, indicating potential liquidity challenges. Free cash flow is also negative, suggesting that the company is not generating sufficient cash from its operations to cover capital expenditures. This is a critical area that needs attention to ensure long-term sustainability.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	12.43B	11.51B	9.37B	9.59B	7.54B
Gross Profit	1.94B	1.62B	1.34B	1.11B	806.65M
EBITDA	1.02B	727.07M	535.48M	422.34M	117.21M
Net Income	461.96M	620.06M	493.41M	-526.67M	10.39M
Balance Sheet
Total Assets	13.24B	9.93B	9.07B	3.99B	5.47B
Cash, Cash Equivalents and Short-Term Investments	4.37B	3.91B	3.56B	2.61B	2.38B
Total Debt	9.26B	6.71B	6.36B	2.29B	3.34B
Total Liabilities	10.28B	7.44B	7.60B	3.01B	3.96B
Stockholders Equity	2.96B	2.50B	1.47B	982.02M	1.51B
Cash Flow
Free Cash Flow	-2.02B	-256.08M	-3.64B	1.27B	1.58B
Operating Cash Flow	-2.01B	-214.51M	-3.44B	1.28B	1.58B
Investing Cash Flow	-68.81M	-564.59M	286.58M	-177.26M	-155.93M
Financing Cash Flow	2.49B	713.35M	4.05B	-1.04B	-1.33B

AZ Planning Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2785.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3490, the sentiment is Positive. The current price of 2785 is above the 20-day moving average (MA) of 2469.15, above the 50-day MA of 2419.80, and above the 200-day MA of 2375.58, indicating a bullish trend. The MACD of 92.21 indicates Negative momentum. The RSI at 88.69 is Negative, neither overbought nor oversold. The STOCH value of 90.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3490.

AZ Planning Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3490	80 Outperform	¥3.54B	4.81		1.08%	16.28%	146.48%
3494	75 Outperform	¥3.41B	11.66		1.27%	40.40%	130.68%
8996	66 Neutral	¥3.27B	6.01		0.61%	38.27%	172.66%
8836	62 Neutral	¥3.94B	426.89		―	9.74%	―
3297	61 Neutral	¥2.91B	8.55		3.60%	9.75%	22.99%
Sector *	59 Neutral	C$1.26B	-1.09	-8.19%	4.98%	10.83%	-22.67%
8912	54 Neutral	¥2.46B	23.30		1.82%	5.34%	0.92%