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Relo Group
(8876)
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Rating:71Outperform
Price Target:
¥2,248.00
▲(28.16% Upside)
Action:Upgraded
Date:05/18/26
The score is driven primarily by improved (but still volatile) financial performance—especially reduced leverage and continued revenue growth, offset by margin compression and uneven cash conversion. Technicals add support due to a clear uptrend and positive momentum, while valuation is helped by a reasonable P/E and a ~3.39% dividend yield.
Positive Factors
Steady Revenue Growth
Consistent top-line expansion across 2023–2026 indicates durable demand for relocation and HR outsourcing services. Recurring contracts and multi-year client relationships help sustain revenue momentum, reducing reliance on one-off transactions and supporting predictable medium‑term cash flows.
Negative Factors
Earnings Volatility
Large year-to-year swings in profitability signal earnings instability and potential one-off items or operating leverage. This volatility complicates forecasting, weakens stakeholder confidence, and makes it harder to rely on earnings for reinvestment or consistent distributions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent top-line expansion across 2023–2026 indicates durable demand for relocation and HR outsourcing services. Recurring contracts and multi-year client relationships help sustain revenue momentum, reducing reliance on one-off transactions and supporting predictable medium‑term cash flows.
Read all positive factors
Relo Group (8876) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥305.16B
Dividend Yield2.2%
Average Volume (3M)386.07K
Price to Earnings (P/E)14.6
Beta (1Y)0.45
Revenue Growth5.71%
EPS Growth-51.99%
CountryJP
Employees3,100
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)137.09
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)149.75
Revenue Forecast (FY)¥161.94B
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
Relo Group makes money primarily by providing outsourced, fee-based services to corporate clients. A core revenue stream is corporate housing/relocation support, where the company assists employers with sourcing and arranging rental housing for em...
Relo Group Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
68
Positive
Cash Flow
62
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 151.07B | 142.91B | 132.58B | 123.70B | 156.57B |
| Gross Profit | 51.60B | 66.31B | 60.54B | 55.35B | 66.27B |
| EBITDA | 50.43B | 70.71B | -1.46B | 32.41B | 27.55B |
| Net Income | 20.66B | 43.32B | -27.81B | 20.89B | 15.64B |
Balance Sheet | |||||
| Total Assets | 324.29B | 303.18B | 290.17B | 322.69B | 301.60B |
| Cash, Cash Equivalents and Short-Term Investments | 63.40B | 66.23B | 49.48B | 51.69B | 50.20B |
| Total Debt | 82.77B | 87.93B | 110.63B | 103.86B | 149.09B |
| Total Liabilities | 237.70B | 232.66B | 249.81B | 252.87B | 246.45B |
| Stockholders Equity | 84.57B | 68.20B | 38.62B | 68.61B | 54.48B |
Cash Flow | |||||
| Free Cash Flow | 17.79B | 21.88B | 16.34B | 3.38B | 14.80B |
| Operating Cash Flow | 22.54B | 25.95B | 18.67B | 5.39B | 17.99B |
| Investing Cash Flow | -8.87B | 30.00B | -5.80B | 10.02B | -4.95B |
| Financing Cash Flow | -14.95B | -41.28B | -7.79B | -16.97B | -19.07B |
Relo Group Technical Analysis
Positive
1754.00
Price Trends
1892.21
Positive
1879.56
Positive
1781.25
Positive
Market Momentum
-16.22
Negative
58.56
Neutral
87.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8876, the sentiment is Positive. The current price of 1754 is below the 20-day moving average (MA) of 1823.13, below the 50-day MA of 1892.21, and below the 200-day MA of 1781.25, indicating a bullish trend. The MACD of -16.22 indicates Negative momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 87.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8876.
Relo Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥305.16B | 14.56 | 30.73% | 2.20% | 5.71% | -51.99% | |
71 Outperform | ¥82.03B | 13.73 | 11.16% | 3.41% | 11.29% | 22.92% | |
70 Outperform | ¥15.14B | 15.64 | ― | 1.49% | 0.06% | 5.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥34.38B | 16.00 | ― | 2.59% | 0.68% | 34.27% | |
60 Neutral | ¥69.34B | 10.30 | ― | 2.18% | 6.54% | 140.15% | |
54 Neutral | ¥18.64B | 29.41 | ― | 1.13% | 3.36% | -15.06% |
* Industrials Sector Average
JP:8876
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Relo Group Corporate Events
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...
Relo Group Reshapes Executive Lineup to Tighten Group Management
Apr 1, 2026
Relo Group, Inc., a Japanese relocation and corporate support services provider listed on the TSE Prime, operates businesses including Relo Club and Relocation Japan to offer employee benefits, mobility, and outsourcing services to corporate custo...
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.