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

• Market Cap: ¥2.95B
• Dividend Yield: 1.25%
• Average Volume (3M): 10.05K
• Price to Earnings (P/E): 6.2
• Beta (1Y): 0.39
• Revenue Growth: 8.03%
• EPS Growth: -29.47%
• Country: JP
• Employees: 63
• Sector: Real Estate
• Sector Strength: 63
• Industry: Real Estate - Services
• EPS (TTM): 97.95
• Shares Outstanding: 1,233,000
• 10 Day Avg. Volume: 1,230
• 30 Day Avg. Volume: 10,050
• PEG Ratio: -0.02
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.43
• 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

• Rating: 67 Neutral
• Price Target: ¥2,593.00 ▲(8.36%Upside)

The stock's overall score is driven primarily by its strong valuation, which is bolstered by a low P/E ratio and reasonable dividend yield. Financial performance shows robust revenue growth but is hindered by liquidity and leverage issues. Technical analysis suggests a cautious outlook with mixed momentum signals.

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

Strong revenue growth and improving profitability margins are offset by significant challenges with cash flow and high leverage. The company demonstrates operational efficiency improvements but faces risks due to high debt levels and negative cash flow.

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
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
11.99B	12.43B	11.51B	9.37B	9.59B	7.54B
	Gross Profit
1.70B	1.94B	1.62B	1.34B	1.11B	806.65M
	EBIT
650.65M	975.13M	663.96M	495.29M	359.49M	43.76M
	EBITDA
598.45M	1.02B	727.07M	535.48M	422.34M	117.21M
	Net Income Common Stockholders
287.52M	461.96M	620.06M	493.41M	-526.67M	10.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.45B	4.37B	3.91B	3.56B	2.61B	2.38B
	Total Assets
13.46B	13.24B	9.93B	9.07B	3.99B	5.47B
	Total Debt
10.42B	9.26B	6.71B	6.36B	2.29B	3.34B
	Net Debt
6.96B	4.88B	2.80B	2.80B	-324.03M	953.99M
	Total Liabilities
11.17B	10.28B	7.44B	7.60B	3.01B	3.96B
	Stockholders Equity
2.30B	2.96B	2.50B	1.47B	982.02M	1.51B
Cash Flow		Free Cash Flow
0.00	-2.02B	-256.08M	-3.64B	1.27B	1.58B
	Operating Cash Flow
0.00	-2.01B	-214.51M	-3.44B	1.28B	1.58B
	Investing Cash Flow
0.00	-68.81M	-564.59M	286.58M	-177.26M	-155.93M
	Financing Cash Flow
0.00	2.49B	713.35M	4.05B	-1.04B	-1.33B

AZ Planning Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2393.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3490, the sentiment is Neutral. The current price of 2393 is above the 20-day moving average (MA) of 2373.70, below the 50-day MA of 2401.86, and above the 200-day MA of 2356.64, indicating a neutral trend. The MACD of -4.12 indicates Negative momentum. The RSI at 51.81 is Neutral, neither overbought nor oversold. The STOCH value of 89.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
3494	68 Neutral	¥2.85B	9.76		1.45%	40.40%	130.68%
3490	67 Neutral	¥2.95B	6.23		1.25%	8.03%	-29.47%
8996	66 Neutral	¥3.30B	6.05		0.61%	38.27%	172.66%
8912	64 Neutral	¥2.70B	25.56		1.66%	5.34%	0.92%
Sector *	61 Neutral	$2.86B	10.96	0.41%	6.08%	5.73%	-21.25%
3297	61 Neutral	¥2.94B	10.48		3.57%	9.75%	22.99%
8836	56 Neutral	¥2.88B	―		―	9.74%	1.26%