Space Market, Inc. (JP:4487)
:4487
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Space Market, Inc.
(4487)
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Rating:53Neutral
Price Target:
¥243.00
▼(-13.83% Downside)
Action:Reiterated
Date:05/30/26
The score is held back primarily by weak cash-flow conversion (negative free cash flow in 2025) and increased leverage, despite strong revenue growth and renewed profitability. Technicals also weigh on the score, with the stock trading below all major moving averages and bearish momentum indicators. Valuation is supportive but only moderately so, given the mid-range P/E and no dividend yield data.
Positive Factors
Consistent revenue growth
Sustained top-line expansion since 2021, with acceleration into 2024–2025, indicates durable marketplace adoption and scale benefits. Over 2–6 months this supports higher GMV, better host supply economics and a larger repeat-customer base that underpins long-term revenue resiliency.
Negative Factors
Negative free cash flow in 2025
A sharp deterioration to negative free cash flow in 2025 signals weak cash conversion of reported profits and raises earnings-quality concerns. If cash generation does not recover, the company will face ongoing reliance on external financing, constraining investment and increasing refinancing risk over coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained top-line expansion since 2021, with acceleration into 2024–2025, indicates durable marketplace adoption and scale benefits. Over 2–6 months this supports higher GMV, better host supply economics and a larger repeat-customer base that underpins long-term revenue resiliency.
Read all positive factors
Space Market, Inc. (4487) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.63B
Dividend YieldN/A
Average Volume (3M)14.77K
Price to Earnings (P/E)15.1
Beta (1Y)0.22
Revenue Growth33.81%
EPS Growth-13.58%
CountryJP
Employees64
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)19.58
Shares Outstanding12,105,900
10 Day Avg. Volume11,680
30 Day Avg. Volume14,770
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)3.50
Price to Sales (P/S)1.37
P/FCF Ratio-120.05
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)N/A
Revenue Forecast (FY)N/A
Space Market, Inc. Business Overview & Revenue Model
Company Description
SpaceMarket operates an online platform for space sharing in Japan. It provides a marketplace of unused or idle venues for on-demand rental use. The company offers spacemarket app, which allows customers to search and reserve rental space. Its pla...
How the Company Makes Money
Space Market, Inc. generates revenue primarily through its online platform by charging transaction fees and commissions on bookings made between hosts and users. Hosts pay a percentage of their rental income as a fee for listing their spaces on th...
Space Market, Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.21B | 2.57B | 1.97B | 1.56B | 1.23B | 1.23B |
| Gross Profit | 1.70B | 1.96B | 1.53B | 1.24B | 907.64M | 887.11M |
| EBITDA | 326.28M | 356.03M | 248.28M | -133.42M | -56.81M | 97.63M |
| Net Income | 237.01M | 214.02M | 181.64M | -168.41M | -114.93M | 38.61M |
Balance Sheet | ||||||
| Total Assets | 3.15B | 3.74B | 2.53B | 2.05B | 1.70B | 1.70B |
| Cash, Cash Equivalents and Short-Term Investments | 1.24B | 1.16B | 911.33M | 558.14M | 445.00M | 571.51M |
| Total Debt | 797.59M | 813.22M | 231.75M | 178.85M | 191.90M | 79.49M |
| Total Liabilities | 2.29B | 2.73B | 1.77B | 1.49B | 998.77M | 898.38M |
| Stockholders Equity | 861.08M | 1.01B | 762.70M | 551.93M | 698.35M | 800.71M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -29.39M | 359.00M | 174.55M | -202.44M | -33.13M |
| Operating Cash Flow | 0.00 | 15.31M | 381.55M | 215.12M | -159.19M | 85.87M |
| Investing Cash Flow | 0.00 | -256.08M | -84.57M | -89.48M | -82.88M | -224.97M |
| Financing Cash Flow | 0.00 | 485.88M | 56.21M | -12.50M | 115.57M | -65.73M |
Space Market, Inc. Technical Analysis
Negative
282.00
Price Trends
287.26
Negative
295.23
Negative
321.26
Negative
Market Momentum
-10.56
Positive
13.38
Positive
15.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4487, the sentiment is Negative. The current price of 282 is above the 20-day moving average (MA) of 277.90, below the 50-day MA of 287.26, and below the 200-day MA of 321.26, indicating a bearish trend. The MACD of -10.56 indicates Positive momentum. The RSI at 13.38 is Positive, neither overbought nor oversold. The STOCH value of 15.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4487.
Space Market, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥18.81B | 13.21 | ― | 2.47% | 20.13% | 31.72% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥46.67B | 5.87 | ― | 2.38% | 38.97% | -8.68% | |
64 Neutral | ¥23.39B | 36.89 | ― | ― | -2.59% | 61.28% | |
58 Neutral | ¥68.39B | 5.01 | ― | ― | 93.14% | 254.99% | |
53 Neutral | ¥2.63B | 15.07 | ― | ― | 33.81% | -13.58% | |
49 Neutral | ¥7.63B | 7.29 | ― | 3.45% | 17.45% | 10.38% |
* Real Estate Sector Average
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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.