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Keihanshin Building Co., Ltd.
(8818)
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Rating:68Neutral
Price Target:
Â¥2,335.00
â–²(21.24% Upside)
Action:Reiterated
Date:06/29/26
The score is driven primarily by steady financial performance (revenue growth and solid profitability) tempered by meaningful balance-sheet leverage and a historically uneven free-cash-flow record. Technical indicators add support with an uptrend above key moving averages and positive MACD, while valuation is a mild headwind given the ~22 P/E and modest ~1.87% dividend yield.
Positive Factors
Recurring rental income model
Keihanshin’s core business is recurring rental and property-service income, which produces predictable cash flows and underpins long-term earnings stability versus one-off transactions. That durable cash base supports debt servicing, maintenance and incremental reinvestment over multi-year cycles.
Negative Factors
High balance-sheet leverage
Debt roughly equals equity, leaving limited financial flexibility if market or interest-rate conditions worsen. High leverage raises refinancing and liquidity risk for a property owner, constraining capacity for opportunistic acquisitions or cushioning downturns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
Keihanshin’s core business is recurring rental and property-service income, which produces predictable cash flows and underpins long-term earnings stability versus one-off transactions. That durable cash base supports debt servicing, maintenance and incremental reinvestment over multi-year cycles.
Read all positive factors
Keihanshin Building Co., Ltd. (8818) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
Â¥99.98B
Dividend Yield1.91%
Average Volume (3M)95.06K
Price to Earnings (P/E)21.1
Beta (1Y)0.76
Revenue Growth2.57%
EPS Growth10.71%
CountryJP
Employees66
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)50.03
Shares Outstanding97,622,990
10 Day Avg. Volume148,950
30 Day Avg. Volume95,060
Financial Highlights & Ratios
PEG Ratio2.58
Price to Book (P/B)1.15
Price to Sales (P/S)4.61
P/FCF Ratio13.42
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)51.88
Revenue Forecast (FY)Â¥20.46B
Keihanshin Building Co., Ltd. Business Overview & Revenue Model
Company Description
Keihanshin Building Co., Ltd., headquartered in Osaka, Japan, is a real estate enterprise primarily involved in the leasing of various properties across Japan. Its portfolio encompasses a diverse range of assets, including corporate office facilit...
How the Company Makes Money
The company primarily makes money by owning income-producing real estate and generating recurring rental revenue from tenants leasing space in its buildings. Its revenue model is centered on (1) leasing income: monthly or periodic rent from office...
Keihanshin Building Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.34B | 20.25B | 19.58B | 19.31B | 18.88B | 17.82B |
| Gross Profit | 3.98B | 3.84B | 6.91B | 6.88B | 7.08B | 6.66B |
| EBITDA | 10.00B | 11.33B | 8.87B | 9.06B | 9.06B | 8.86B |
| Net Income | 4.81B | 4.67B | 4.39B | 3.79B | 4.19B | 5.17B |
Balance Sheet | ||||||
| Total Assets | 186.03B | 185.60B | 177.10B | 166.62B | 152.32B | 149.99B |
| Cash, Cash Equivalents and Short-Term Investments | 10.89B | 16.91B | 14.06B | 8.67B | 5.31B | 9.88B |
| Total Debt | 84.58B | 85.42B | 84.35B | 75.53B | 67.16B | 64.86B |
| Total Liabilities | 101.57B | 104.20B | 100.78B | 91.74B | 81.45B | 79.48B |
| Stockholders Equity | 84.46B | 81.40B | 76.32B | 74.87B | 70.87B | 70.51B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.96B | 3.36B | 1.26B | -3.98B | -9.77B |
| Operating Cash Flow | 0.00 | 7.69B | 7.29B | 8.22B | 8.92B | 2.74B |
| Investing Cash Flow | 0.00 | -2.05B | -8.22B | -11.27B | -12.10B | -8.65B |
| Financing Cash Flow | 0.00 | -2.68B | 6.26B | 6.41B | -1.38B | -5.76B |
Keihanshin Building Co., Ltd. Technical Analysis
Neutral
1926.00
Price Trends
1086.71
Negative
1044.53
Positive
994.53
Positive
Market Momentum
-9.17
Positive
42.14
Neutral
14.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8818, the sentiment is Neutral. The current price of 1926 is above the 20-day moving average (MA) of 1093.45, above the 50-day MA of 1086.71, and above the 200-day MA of 994.53, indicating a neutral trend. The MACD of -9.17 indicates Positive momentum. The RSI at 42.14 is Neutral, neither overbought nor oversold. The STOCH value of 14.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8818.
Keihanshin Building Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥99.98B | 21.11 | ― | 2.19% | 2.57% | 10.71% | |
61 Neutral | ¥831.75B | 10.45 | 10.89% | 4.23% | 17.22% | 1.86% | |
61 Neutral | ¥141.27B | 7.86 | 14.49% | 2.93% | 3.39% | -6.00% | |
59 Neutral | ¥693.73B | 11.34 | 8.82% | 3.34% | 16.54% | 13.29% | |
58 Neutral | ¥1.32T | 11.03 | 13.09% | 3.51% | 22.88% | 16.05% | |
56 Neutral | ¥3.15T | 14.10 | 9.02% | 1.20% | 5.41% | 19.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8818
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Keihanshin Building Co., Ltd. Corporate Events
Keihanshin Building Books Large Gain on Kyoto Asset Sale, Lifts FY2027 Profit Outlook
Jul 30, 2026
Keihanshin Building Co., Ltd. has agreed to transfer its Shijo-Kawaramachi Building in Kyoto, a rental property, as part of its long-term revolving-type investment strategy to reinvest asset sale proceeds into growth areas. The transaction will ge...
Keihanshin Building Posts Strong Margins and Active Investment in Q1 FY2027
Jul 30, 2026
Keihanshin Building Co., Ltd. reported consolidated net sales of ¥5,099 million for the first quarter of the year ending March 31, 2027, all from its building lease operations, with gross profit of ¥2,092 million and operating profit of ...
Keihanshin Building Lifts Quarterly Profit, Revises Full-Year Outlook After Stock Split
Jul 30, 2026
Keihanshin Building reported modest top-line growth for the three months to 30 June 2026, with net sales up 1.7% year on year to ¥5.1 billion but a stronger improvement in profitability as operating profit rose 10.2% to ¥1.6 billion and ...
Keihanshin Building Discloses Change in Major Shareholder Stake
Jul 13, 2026
Keihanshin Building Co., Ltd. reported a change in its major shareholders following a Large Shareholding Report filed with the Kanto Local Finance Bureau by activist investor Strategic Capital, Inc., a Tokyo-based investment management firm. Strat...
Keihanshin Building Completes Treasury Share Disposal for Employee Stock Ownership Plan
Jul 10, 2026
Keihanshin Building Co., Ltd. has completed payment procedures for the disposal of 3,674 shares of its treasury stock, which have been allotted to the Keihanshin Building Employee Stock Ownership Plan at a price of 1,084 yen per share, for a total...
Keihanshin Building Moves to Sell Kyoto Property in Shift to Revolving Investment Strategy
Jul 6, 2026
Keihanshin Building Co., Ltd. has approved a policy to transfer its Shijo-Kawaramachi Building in Kyoto, a rental property with a book value of 1,369 million yen, as part of its shift toward a revolving-type investment business. The move is intend...
Keihanshin Building Completes Disposal of Treasury Shares for Executive Stock Compensation
Jul 6, 2026
Keihanshin Building Co., Ltd. has completed the payment process for the disposal of 57,200 treasury shares used as restricted stock compensation. The common shares, priced at 1,084 yen each for a total of 62,004,800 yen, were allocated to three in...
Keihanshin Building to Grant Treasury Shares to Employees via Ownership Plan
Jun 19, 2026
Keihanshin Building has approved the disposal of 3,674 treasury shares via third-party allotment to its Employee Stock Ownership Plan, following a previously announced stock-granting system for managerial staff. Priced at ¥1,084 per share aft...
Keihanshin Building to Grant Restricted Stock to Directors and Executives via Treasury Share Disposal
Jun 19, 2026
Keihanshin Building has approved the disposal of 57,200 treasury shares as restricted stock compensation for three internal directors and six executive officers, with a total value of about 62 million yen, following a planned two-for-one stock spl...
Keihanshin Building Corrects Errors in FY2025 FACT BOOK
May 14, 2026
Keihanshin Building Co. announced that it has partially corrected its FACT BOOK for the fiscal year ended March 31, 2026, which had been released the previous day. The company said that errors were found in part of the disclosed information after ...
Keihanshin Building Board Rejects Targeted Treasury Share Buyback Proposal
May 13, 2026
Keihanshin Building Co., Ltd.’s board of directors has issued a detailed opinion opposing a shareholder proposal that would require the company to acquire treasury shares from specific shareholders. The proposal aims to eliminate cross-share...
Keihanshin Building Board Rejects Activist-Led Selective Share Buyback Proposal
May 13, 2026
Keihanshin Building’s board has issued its stance on a shareholder proposal ahead of its June 19, 2026 annual general meeting, revealing that activist-related entities INTERTRUST TRUSTEES (CAYMAN) LIMITED, acting as trustee of JAPAN-UP, and ...
Keihanshin Building Announces Stock Split, Higher Dividends and Governance Changes
May 13, 2026
Keihanshin Building Co., Ltd. will conduct a 2-for-1 stock split effective July 1, 2026, doubling issued shares to 97,622,996 and increasing authorized shares to 160 million through an accompanying amendment to its Articles of Incorporation. The m...
Keihanshin Building Lifts Earnings and Assets as Leasing Business Extends Growth
May 13, 2026
Keihanshin Building Co., Ltd. reported consolidated net sales of ¥20,255 million for the year ended March 31, 2026, marking its fifth consecutive annual increase driven entirely by its building lease business. Total assets rose to ¥185,6...
Keihanshin Building Lifts Profits, Announces Stock Split and Cautious FY2027 Outlook
May 13, 2026
Keihanshin Building reported consolidated net sales of ¥20,255 million for the year ended March 31, 2026, up 3.4% year on year, with operating profit rising 13.3% to ¥5,646 million and profit attributable to owners of parent increasing 6...
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.