Starts Corporation Inc. (JP:8850)
:8850
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Starts Corporation Inc.
(8850)
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Rating:75Outperform
Price Target:
¥5,704.00
▲(20.59% Upside)
Action:UpgradedDate:02/11/26
The score is driven primarily by solid profitability and improving leverage, but it is capped by materially weakened TTM cash flow conversion. Technicals add support with a clear uptrend and positive momentum, while valuation is favorable due to a low P/E and a moderate dividend yield.
Positive Factors
Profitability
Sustained mid-teens operating profitability and near-10% net margin indicate a durable ability to convert revenue into earnings. Over 2–6 months this supports reinvestment capacity and resilience to cyclical dips, underpinning stable cash earnings when operations are steady.
Negative Factors
Weak Cash Conversion
A sharp drop in free cash flow and FCF covering only ~29% of net income materially weakens earnings quality and reduces internal funding for maintenance, distributions or growth. Over months this constrains discretionary investment and increases reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
Sustained mid-teens operating profitability and near-10% net margin indicate a durable ability to convert revenue into earnings. Over 2–6 months this supports reinvestment capacity and resilience to cyclical dips, underpinning stable cash earnings when operations are steady.
Read all positive factors
Starts Corporation Inc. (8850) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥241.58B
Dividend Yield2.67%
Average Volume (3M)52.44K
Price to Earnings (P/E)8.2
Beta (1Y)0.68
Revenue Growth2.29%
EPS Growth-4.12%
CountryJP
Employees4,672
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)145.57
Shares Outstanding53,998,203
10 Day Avg. Volume58,690
30 Day Avg. Volume52,436
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)1.11
Price to Sales (P/S)0.83
P/FCF Ratio10.46
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)498.25
Revenue Forecast (FY)¥250.00B
Starts Corporation Inc. Business Overview & Revenue Model
Company Description
Starts Corporation Inc. engages in the construction, real estate management, and tenant recruitment businesses in Japan and internationally. It is involved in the design and construction management of seismic isolated buildings; and the provision ...
How the Company Makes Money
Starts Corporation generates revenue through multiple streams including software licensing fees, subscription models for its cloud services, and project-based consulting fees. The company also earns income from long-term contracts with clients for...
Starts Corporation Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 246.81B | 232.98B | 233.41B | 233.87B | 196.58B | 198.96B |
| Gross Profit | 80.37B | 76.18B | 73.52B | 68.19B | 60.08B | 55.94B |
| EBITDA | 42.20B | 43.19B | 39.87B | 36.22B | 31.24B | 28.25B |
| Net Income | 23.89B | 24.27B | 22.09B | 20.22B | 16.77B | 15.60B |
Balance Sheet | ||||||
| Total Assets | 341.27B | 333.65B | 324.11B | 293.10B | 273.29B | 259.04B |
| Cash, Cash Equivalents and Short-Term Investments | 87.09B | 99.08B | 94.04B | 85.22B | 74.39B | 72.65B |
| Total Debt | 69.39B | 69.65B | 73.43B | 65.65B | 74.78B | 69.76B |
| Total Liabilities | 151.59B | 155.40B | 158.79B | 148.02B | 145.61B | 137.07B |
| Stockholders Equity | 185.94B | 174.75B | 162.16B | 142.52B | 126.06B | 120.59B |
Cash Flow | ||||||
| Free Cash Flow | 3.42B | 18.51B | 9.71B | 25.13B | 8.13B | 18.43B |
| Operating Cash Flow | 11.83B | 25.91B | 25.73B | 34.15B | 24.95B | 27.25B |
| Investing Cash Flow | -10.72B | -8.77B | -20.77B | -10.70B | -17.82B | -10.36B |
| Financing Cash Flow | -16.63B | -15.28B | 3.03B | -12.95B | -5.96B | -4.87B |
Starts Corporation Inc. Technical Analysis
Negative
4730.00
Price Trends
5005.40
Negative
4895.00
Negative
4793.09
Positive
Market Momentum
-49.41
Positive
43.42
Neutral
25.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8850, the sentiment is Negative. The current price of 4730 is below the 20-day moving average (MA) of 5030.00, below the 50-day MA of 5005.40, and below the 200-day MA of 4793.09, indicating a neutral trend. The MACD of -49.41 indicates Positive momentum. The RSI at 43.42 is Neutral, neither overbought nor oversold. The STOCH value of 25.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8850.
Starts Corporation Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥977.91B | 25.41 | 11.06% | 2.88% | 11.00% | 88.70% | |
75 Outperform | ¥241.58B | 8.22 | ― | 2.67% | 2.29% | -4.12% | |
72 Outperform | ¥1.13T | 9.44 | 19.60% | 1.94% | 3.13% | 11.87% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥144.98B | 10.72 | 14.78% | 2.95% | 17.74% | 19.41% | |
63 Neutral | ¥157.89B | 20.44 | 8.95% | 3.39% | 28.94% | 109.35% | |
57 Neutral | ¥46.37B | -26.35 | ― | 3.75% | -8.66% | -53.57% |
* Real Estate Sector Average
JP:8850
Starts Corporation Inc.
4,865.00
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20.90%
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Starts Corporation Inc. Corporate Events
Starts Corporation Posts Higher Sales and Profits but Slight Dip in Nine-Month Net Income
Feb 9, 2026
Starts Corporation Inc. reported consolidated net sales of ¥181.4 billion for the nine months ended December 31, 2025, up 8.3% year on year, with operating profit rising 10.2% to ¥25.9 billion and ordinary profit up 10.6% to ¥27.5 b...
Starts Corp launches ¥4.1bn trust-type employee shareholding plan
Feb 9, 2026
Starts Corporation Inc. has approved the introduction of a trust-type Employee Shareholding Incentive Plan, branded E-Ship, to encourage employees participating in its employee shareholding association to acquire and hold company stock over the me...
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.