Starts Corporation Inc. (JP:8850)
:8850
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Starts Corporation Inc.
(8850)
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Rating:69Neutral
Price Target:
¥5,103.00
▲(7.89% Upside)
Action:Downgraded
Date:05/12/26
The score is supported by improving profitability and a strengthened balance sheet with lower leverage, plus attractive valuation (low P/E and decent dividend yield). These positives are tempered by weak recent cash flow conversion and bearish technical signals with the stock trading below major moving averages.
Positive Factors
Reduced leverage and stronger balance sheet
Debt-to-equity reduction and steady equity growth materially lower refinancing and solvency risk for a balance-sheet‑intensive real estate firm. This improvement increases financial flexibility for investment, supports capacity to withstand rate cycles, and enables steadier capital allocation over months.
Negative Factors
Volatile and weakened cash generation in 2026
Sharp OCF and FCF deterioration signals weaker cash conversion and potential working‑capital or investment timing issues. For a capital‑intensive real estate operator, volatile cash flow raises reliance on external funding and increases risk to dividend sustainability and debt servicing over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced leverage and stronger balance sheet
Debt-to-equity reduction and steady equity growth materially lower refinancing and solvency risk for a balance-sheet‑intensive real estate firm. This improvement increases financial flexibility for investment, supports capacity to withstand rate cycles, and enables steadier capital allocation over months.
Read all positive factors
Starts Corporation Inc. (8850) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥228.17B
Dividend Yield2.67%
Average Volume (3M)52.44K
Price to Earnings (P/E)8.6
Beta (1Y)0.63
Revenue Growth8.13%
EPS Growth7.00%
CountryJP
Employees4,672
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)526.60
Shares Outstanding53,998,203
10 Day Avg. Volume58,690
30 Day Avg. Volume52,436
Financial Highlights & Ratios
PEG Ratio1.29
Price to Book (P/B)1.21
Price to Sales (P/S)0.91
P/FCF Ratio109.97
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)570.9
Revenue Forecast (FY)¥273.00B
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 Inc. generates revenue through several key streams, primarily from property management fees and real estate leasing. The company's property management services involve managing residential and commercial properties, which includ...
Starts Corporation Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
60
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 251.91B | 232.98B | 233.41B | 233.87B | 196.58B |
| Gross Profit | 83.74B | 76.18B | 73.52B | 68.19B | 60.08B |
| EBITDA | 43.35B | 43.19B | 39.87B | 36.22B | 31.24B |
| Net Income | 25.31B | 24.27B | 22.09B | 20.22B | 16.77B |
Balance Sheet | |||||
| Total Assets | 352.75B | 333.65B | 324.11B | 293.10B | 273.29B |
| Cash, Cash Equivalents and Short-Term Investments | 84.51B | 99.08B | 94.04B | 85.22B | 74.39B |
| Total Debt | 67.69B | 69.65B | 73.43B | 65.65B | 74.78B |
| Total Liabilities | 160.17B | 155.40B | 158.79B | 148.02B | 145.61B |
| Stockholders Equity | 188.75B | 174.75B | 162.16B | 142.52B | 126.06B |
Cash Flow | |||||
| Free Cash Flow | 2.08B | 18.51B | 9.71B | 25.13B | 8.13B |
| Operating Cash Flow | 17.22B | 25.91B | 25.73B | 34.15B | 24.95B |
| Investing Cash Flow | -19.14B | -8.77B | -20.77B | -10.70B | -17.82B |
| Financing Cash Flow | -12.30B | -15.28B | 3.03B | -12.95B | -5.96B |
Starts Corporation Inc. Technical Analysis
Negative
4730.00
Price Trends
4837.01
Negative
4873.76
Negative
4820.91
Negative
Market Momentum
-75.37
Positive
39.45
Neutral
18.19
Positive
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 above the 20-day moving average (MA) of 4712.25, below the 50-day MA of 4837.01, and below the 200-day MA of 4820.91, indicating a bearish trend. The MACD of -75.37 indicates Positive momentum. The RSI at 39.45 is Neutral, neither overbought nor oversold. The STOCH value of 18.19 is Positive, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥1.02T | 8.70 | 19.60% | 1.94% | 3.42% | 30.95% | |
69 Neutral | ¥228.17B | 8.58 | ― | 2.67% | 8.13% | 7.00% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ¥158.96B | 9.30 | 14.78% | 2.95% | 16.84% | 22.03% | |
61 Neutral | ¥923.60B | 9.73 | 11.06% | 2.88% | 8.32% | 24.62% | |
58 Neutral | ¥152.98B | 14.03 | 8.95% | 3.39% | 20.87% | 16.79% | |
47 Neutral | ¥40.59B | 31.59 | ― | 3.75% | -4.28% | -60.96% |
* Real Estate Sector Average
JP:8850
Starts Corporation Inc.
4,540.00
408.13
9.88%
JP:3288
Open House Co
8,646.00
2,536.46
41.52%
JP:8923
Tosei
1,608.00
377.25
30.65%
JP:3289
Tokyu Fudosan Holdings
1,319.00
298.44
29.24%
JP:8803
Heiwa Real Estate Co., Ltd.
2,328.00
183.31
8.55%
JP:3475
Good Com Asset Co.,Ltd.
1,376.00
291.96
26.93%
Starts Corporation Inc. Corporate Events
Starts Corp Corrects Effective Date for Year-End Dividend Payment
May 11, 2026
Starts Corporation Inc. has corrected an error in its previously announced notice on dividends of surplus for the fiscal year ending March 2026. The company clarified that the effective date for the year-end dividend payment should be June 29, 202...
Starts Corporation Earnings Surge on Higher Dividends and One-Off Gains
May 11, 2026
Starts Corporation Inc. reported a strong year-on-year rise in non-consolidated results for the fiscal year ended March 31, 2026, with net sales climbing 18.4% to ¥28.9 billion and operating profit advancing 25.6%. Ordinary profit grew 33.4% ...
Starts Corporation Lifts Profit, Assets and Dividend as It Forecasts Further Growth
May 11, 2026
Starts Corporation Inc. reported consolidated net sales of ¥251.9 billion for the fiscal year ended March 31, 2026, up 8.1% year on year, with operating profit rising 11.2% to ¥36.3 billion and profit attributable to owners of parent inc...
Starts Corporation Raises Year-End Dividend, Boosts Annual Payout to ¥140
May 11, 2026
Starts Corporation Inc. said its board has approved an increase in the year-end dividend for the fiscal year ended March 31, 2026, reflecting its assessment of recent business performance, financial position and capital efficiency. The company aim...
Starts Corporation Elevates Legal Head to Executive Officer Role
Apr 2, 2026
Starts Corporation Inc. has announced a leadership change within its management team, with the Board of Directors approving the appointment of Takashi Kubota as an executive officer, effective April 2, 2026. Kubota, who currently serves as general...
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.