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Relo Group
(8876)
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Rating:73Outperform
Price Target:
¥2,378.00
▲(18.87% Upside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by solid current financial performance (strong margins, improved leverage, and healthy cash generation), tempered by historical earnings/cash-conversion volatility. Technicals add support with an uptrend across key moving averages and positive momentum indicators, while valuation is reasonably attractive with a moderate P/E and a ~3.4% dividend yield.
Positive Factors
Sustained High Profitability
Relo Group's TTM EBIT (~20.8%) and net (~13.7%) margins indicate efficient operations and pricing power in corporate-welfare and BPO services. High margins provide durable earnings capacity to fund reinvestment, dividends, and buffer against sector volatility over the coming months.
Negative Factors
Earnings Volatility
The firm has shown pronounced swings in profitability, including a large FY2024 loss and sharp subsequent rebound. Such volatility undermines forecastability, complicates capital allocation decisions, and raises execution risk for maintaining payouts or funding strategic initiatives over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained High Profitability
Relo Group's TTM EBIT (~20.8%) and net (~13.7%) margins indicate efficient operations and pricing power in corporate-welfare and BPO services. High margins provide durable earnings capacity to fund reinvestment, dividends, and buffer against sector volatility over the coming months.
Read all positive factors
Relo Group (8876) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥307.91B
Dividend Yield3.43%
Average Volume (3M)386.07K
Price to Earnings (P/E)14.7
Beta (1Y)0.53
Revenue Growth5.71%
EPS Growth-51.99%
CountryJP
Employees3,451
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)142.08
Shares Outstanding153,016,200
10 Day Avg. Volume378,870
30 Day Avg. Volume386,073
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)3.37
Price to Sales (P/S)1.89
P/FCF Ratio16.02
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)148.2
Revenue Forecast (FY)¥162.69B
Relo Group Business Overview & Revenue Model
Company Description
Relo Group, Inc., based in Tokyo, Japan, provides an extensive range of corporate employee benefits and assistance programs. Its services encompass the management of leased corporate residences and broader residential property administration. The ...
How the Company Makes Money
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Relo Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 154.29B | 151.07B | 142.91B | 132.58B | 123.70B | 156.57B |
| Gross Profit | 61.96B | 51.60B | 66.31B | 60.54B | 55.35B | 66.27B |
| EBITDA | 51.82B | 50.43B | 70.71B | -1.46B | 32.41B | 27.55B |
| Net Income | 21.48B | 20.66B | 43.32B | -27.81B | 20.89B | 15.64B |
Balance Sheet | ||||||
| Total Assets | 316.46B | 324.29B | 303.18B | 290.17B | 322.69B | 301.60B |
| Cash, Cash Equivalents and Short-Term Investments | 55.41B | 63.40B | 66.23B | 49.48B | 51.69B | 50.20B |
| Total Debt | 80.88B | 82.77B | 87.93B | 110.63B | 103.86B | 149.09B |
| Total Liabilities | 236.11B | 237.70B | 232.66B | 249.81B | 252.87B | 246.45B |
| Stockholders Equity | 78.27B | 84.57B | 68.20B | 38.62B | 68.61B | 54.48B |
Cash Flow | ||||||
| Free Cash Flow | 20.30B | 17.79B | 21.88B | 16.34B | 3.38B | 14.80B |
| Operating Cash Flow | 25.59B | 22.54B | 25.95B | 18.67B | 5.39B | 17.99B |
| Investing Cash Flow | -10.64B | -8.87B | 30.00B | -5.80B | 10.02B | -4.95B |
| Financing Cash Flow | -19.82B | -14.95B | -41.28B | -7.79B | -16.97B | -19.07B |
Relo Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥307.91B | 14.69 | 27.51% | 3.34% | 5.71% | -51.99% | |
72 Outperform | ¥16.10B | 16.29 | ― | 1.49% | 0.41% | 6.83% | |
71 Outperform | ¥90.29B | 14.67 | 12.57% | 3.56% | 10.65% | 20.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥34.15B | 15.89 | ― | 2.59% | 0.68% | 34.27% | |
60 Neutral | ¥73.63B | 10.94 | ― | 2.75% | 6.54% | 140.15% | |
54 Neutral | ¥18.43B | 29.07 | ― | 1.13% | 3.36% | -15.06% |
* Industrials Sector Average
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Relo Group Corporate Events
Relo Group Issues Performance-Linked Stock Options to Support Medium-Term Growth Plan
Aug 6, 2026
Relo Group’s board has approved the issuance of new stock acquisition rights as stock options to directors and employees of the company and its subsidiaries, priced at fair value and structured so they do not require shareholder meeting appr...
Relo Group to Grant Treasury Shares as Restricted Stock to Align Staff with Shareholders
Aug 6, 2026
Relo Group has approved the disposal of 40,200 treasury shares as restricted stock remuneration to nine employees of its subsidiaries, with a payment date of August 31, 2026 and an initial disposal price set at ¥2,000 per share, subject to ad...
Relo Group Announces Up to ¥2.1 Billion Share Buyback Under Medium-Term Plan
Aug 6, 2026
Relo Group’s board has approved a share repurchase program under its Articles of Incorporation, authorizing the buyback of up to 1.254 million common shares, or about 0.83% of shares outstanding, for a maximum of 2.1 billion yen. The repurch...
Relo Group Lifts Q1 Earnings and Raises Full-Year Dividend Outlook
Aug 6, 2026
Relo Group reported solid first-quarter results for the three months ended June 30, 2026, with revenue rising 9.0% year on year to ¥38.96 billion and operating profit up 11.8% to ¥7.17 billion. Profit attributable to owners of the parent...
Relo Group to Fully Retire 2027 Zero Coupon Convertible Bonds via Cancellation and Early Redemption
Jun 9, 2026
Relo Group has cancelled a large portion of its zero coupon convertible bonds due 2027, having repurchased bonds with a total face value of ¥22.95 billion and cancelling them on June 9, 2026. Following this move, only ¥50 million in face...
Relo Group to Retire 2027 Convertible Bonds Via Tender Offer and Early Redemption
May 15, 2026
Relo Group, Inc. has decided to purchase and cancel a large portion of its Zero Coupon Convertible Bonds due 2027, acquiring ¥22.95 billion in face value for approximately ¥23.87 billion, leaving only ¥50 million in bonds outstandin...
Relo Group Lowers Conversion Price on 2027 Euro-Yen Convertible Bonds After Dividend Decision
May 14, 2026
Relo Group has revised the conversion price on its Euro-yen denominated convertible bond-type bonds with subscription rights to shares due 2027, lowering it from 3,361.1 yen to 3,287.1 yen per share. The adjusted price applies from April 1, 2026 a...
Relo Group to Buy Back and Cancel Zero-Coupon Convertible Bonds Due 2027
May 14, 2026
Relo Group has resolved to purchase its outstanding zero-coupon convertible bonds due 2027, with the intention of canceling the repurchased securities. This move is likely aimed at strengthening its capital structure by reducing potential equity d...
Relo Group Hikes Payout Targets and Lifts Dividend on Record Earnings
May 14, 2026
Relo Group has overhauled its shareholder return policy as part of its Medium-Term Management Plan, sharply raising its dividend payout ratio target from about 35% to 50% and introducing a total shareholder return target of roughly 60% including f...
Relo Group Lifts Dividend and Equity Base Despite Sharp Profit Drop
May 14, 2026
Relo Group, Inc., a Tokyo-listed provider of relocation, housing and corporate welfare services, reported consolidated revenue of ¥151.1 billion for the fiscal year ended March 31, 2026, up 5.7% year on year, while operating profit edged up 1...
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.