Meiwa Estate Co. Ltd. (8869) AI Stock Analysis

• Market Cap: ¥22.00B
• Dividend Yield: 3.54%
• Average Volume (3M): 64.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.80
• Revenue Growth: 36.88%
• EPS Growth: 83.47%
• Country: JP
• Employees: 619
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -8.86
• Shares Outstanding: 23,447,683
• 10 Day Avg. Volume: 60,490
• 30 Day Avg. Volume: 64,436
• PEG Ratio: 1.84
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 0.28
• P/FCF Ratio: -0.66
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ¥1,230.00 ▲(8.08% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Meiwa Estate's score of 62 reflects a mixed outlook, driven primarily by weak financial performance with high debt and negative cash flows posing risks. However, strong technical momentum and attractive valuation with a low P/E and solid dividend yield provide some upside potential.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term business sustainability and expansion.

Gross Profit Margin

A solid gross profit margin reflects effective cost control and pricing power, enhancing the company's ability to maintain profitability over time.

Market Position

A diverse service offering strengthens market position by catering to various client needs, reducing dependency on a single revenue stream, and enhancing resilience.

Negative Factors

High Leverage

High leverage can increase financial risk, especially in volatile markets, potentially impacting the company's ability to invest in growth opportunities and manage economic downturns.

Negative Cash Flows

Negative cash flows indicate potential liquidity issues, limiting the company's ability to reinvest in the business, pay down debt, or return capital to shareholders.

Low Equity Ratio

A low equity ratio suggests reliance on debt financing, which can be risky if interest rates rise or if the company faces financial challenges, affecting long-term stability.

Meiwa Estate Co. Ltd. Business Overview & Revenue Model

Company Description

Meiwa Estate Company Limited develops, sells, and manages condominiums in Japan. It also engages in real estate leasing and brokerage activities. The company was incorporated in 1942 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Meiwa Estate Co. Ltd. generates revenue primarily through the development and sale of residential and commercial properties. Key revenue streams include income from property sales, rental income from leased properties, and fees from real estate management services. The company also engages in joint ventures and partnerships with other real estate firms, which can lead to shared profits and reduced risk in large development projects. Additionally, Meiwa Estate benefits from favorable market conditions and government policies supporting real estate development, contributing to its overall earnings.

Meiwa Estate Co. Ltd. Financial Statement Overview

Summary

Meiwa Estate shows mixed financials with strong revenue growth of 12.1% and stable margins, but thin profitability, high leverage (Debt-to-Equity Ratio of 2.56), and significant negative free cash flow (-33.9B) raise concerns about sustainability and liquidity.

Income Statement

Meiwa Estate Co. Ltd. shows a positive revenue growth trajectory, with a 12.1% increase from 2024 to 2025, reflecting strong top-line performance. Gross Profit Margin improved slightly to 20.7% in 2025 from 21.8% in 2024, while Net Profit Margin remained stable at around 3.6%. EBIT Margin and EBITDA Margin also held steady at 6.6% and 6.9% respectively in 2025, indicating consistent operational efficiency. However, margins are relatively thin for the real estate services industry, suggesting limited profitability cushion against cost pressures.

Balance Sheet

The company's balance sheet reflects a high Debt-to-Equity Ratio of 2.56 in 2025, up from 1.85 in 2024, signaling increased leverage and potential financial risk. Return on Equity (ROE) remains modest at 8.5% in 2025, showing limited efficiency in generating returns from equity. The Equity Ratio declined to 22.3% in 2025 from 25.8% in 2024, indicating a lower proportion of assets funded by equity. While total assets grew significantly, the heavy reliance on debt raises concerns about long-term stability.

Cash Flow

Cash flow performance is a concern for Meiwa Estate, with a significant negative Free Cash Flow of -33.9 billion in 2025, worsening from -2.4 billion in 2024, resulting in a sharp decline in Free Cash Flow Growth Rate. Operating Cash Flow also turned deeply negative at -33.4 billion in 2025, compared to -1.8 billion in 2024, reflecting challenges in generating cash from core operations. The Operating Cash Flow to Net Income Ratio and Free Cash Flow to Net Income Ratio are both negative, highlighting liquidity strains despite reported net income.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	96.69B	79.90B	71.25B	62.32B	57.21B	50.11B
Gross Profit	20.37B	16.57B	15.53B	15.66B	12.93B	11.31B
EBITDA	9.19B	5.49B	5.22B	6.16B	3.98B	3.58B
Net Income	4.98B	2.90B	2.78B	4.42B	2.60B	2.72B
Balance Sheet
Total Assets	149.50B	152.10B	124.15B	116.54B	95.71B	76.05B
Cash, Cash Equivalents and Short-Term Investments	36.20B	22.47B	34.90B	34.15B	27.70B	22.65B
Total Debt	82.42B	86.81B	59.02B	57.86B	48.65B	32.59B
Total Liabilities	112.82B	118.12B	92.18B	86.54B	69.14B	50.23B
Stockholders Equity	36.69B	33.98B	31.97B	30.00B	26.57B	25.82B
Cash Flow
Free Cash Flow	0.00	-33.93B	-2.44B	215.00M	-7.01B	-5.65B
Operating Cash Flow	0.00	-33.37B	-1.83B	419.00M	-6.89B	-5.55B
Investing Cash Flow	0.00	-5.84B	2.44B	-2.41B	-45.00M	1.38B
Financing Cash Flow	0.00	26.79B	140.00M	8.35B	12.08B	3.19B

Meiwa Estate Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1138.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8869, the sentiment is Negative. The current price of 1138 is above the 20-day moving average (MA) of 1098.00, below the 50-day MA of 1144.16, and above the 200-day MA of 1079.23, indicating a bearish trend. The MACD of -32.19 indicates Positive momentum. The RSI at 32.06 is Neutral, neither overbought nor oversold. The STOCH value of 18.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8869.

Meiwa Estate Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3465	74 Outperform	¥97.64B	5.88	―	2.93%	20.83%	57.13%
8934	73 Outperform	¥128.66B	20.19	15.81%	2.93%	84.20%	137.87%
8818	71 Outperform	¥86.44B	14.58	―	2.19%	4.72%	47.55%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
2980	64 Neutral	¥41.20B	9.84	―	0.45%	-8.33%	-36.89%
8869	62 Neutral	¥22.00B	-32.07	―	3.54%	36.88%	83.47%
3252	62 Neutral	¥68.48B	8.53	―	2.89%	-3.09%	-35.66%

Meiwa Estate Co. Ltd. Corporate Events

Meiwa Estate Co., Ltd. Reports Strong Financial Growth in First Half of 2025

Meiwa Estate Co., Ltd. reported significant growth in its financial results for the six months ended September 30, 2025, with net sales increasing by 69.4% and operating profit surging by 185% compared to the previous year. This robust performance reflects the company’s strong market positioning and operational efficiency, potentially benefiting stakeholders and enhancing its competitive edge in the real estate sector.

The most recent analyst rating on (JP:8869) stock is a Hold with a Yen1142.00 price target. To see the full list of analyst forecasts on Meiwa Estate Co. Ltd. stock, see the JP:8869 Stock Forecast page.