ES-CON JAPAN Ltd. (JP:8892)
:8892
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ES-CON JAPAN Ltd.
(8892)
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Rating:66Neutral
Price Target:
¥1,227.00
▲(3.28% Upside)
Action:ReiteratedDate:04/26/26
The score is mainly held back by financial risk: high and rising leverage and historically volatile cash flow, despite solid margins. Offsetting this, technicals show a constructive uptrend with moderate momentum, and valuation is supportive with a reasonable P/E and strong dividend yield.
Positive Factors
Solid margins
Sustained EBIT and net margins near 22% and 9% give the business durable internal cash generation potential versus peers. High operating profitability provides a structural buffer through housing cycles, supporting reinvestment in projects and stable returns on equity over the medium term.
Negative Factors
High and rising leverage
Very high D/E (~4.6x) materially constrains financial flexibility. Elevated leverage raises refinancing and interest-rate sensitivity, limiting capacity to absorb housing-market shocks and increasing the urgency for sustained cash generation to avoid balance-sheet strain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid margins
Sustained EBIT and net margins near 22% and 9% give the business durable internal cash generation potential versus peers. High operating profitability provides a structural buffer through housing cycles, supporting reinvestment in projects and stable returns on equity over the medium term.
Read all positive factors
ES-CON JAPAN Ltd. (8892) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥111.86B
Dividend Yield4.2%
Average Volume (3M)165.48K
Price to Earnings (P/E)3.5
Beta (1Y)0.52
Revenue Growth20.62%
EPS Growth8.64%
CountryJP
Employees442
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)76.96
Shares Outstanding98,580,890
10 Day Avg. Volume176,440
30 Day Avg. Volume165,476
Financial Highlights & Ratios
PEG Ratio-0.61
Price to Book (P/B)1.44
Price to Sales (P/S)1.18
P/FCF Ratio12.66
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)N/A
Revenue Forecast (FY)N/A
ES-CON JAPAN Ltd. Business Overview & Revenue Model
Company Description
ES-CON JAPAN Ltd. engages in the real estate development business in Japan. It develops and sells condominiums and detached houses; commercial and logistics facility/large-scale/mixed-use developments; and hotels. The company also offers real esta...
How the Company Makes Money
The company’s core revenue model is centered on real estate development monetization. It generates revenue mainly by (1) developing condominium projects and recognizing sales proceeds when residential units are sold to end buyers, and (2) earning ...
ES-CON JAPAN Ltd. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
34
Negative
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 112.09B | 96.08B | 113.60B | 95.09B | 99.43B | 79.02B |
| Gross Profit | 35.00B | 31.08B | 36.46B | 27.95B | 26.61B | 20.59B |
| EBITDA | 23.46B | 21.48B | 24.02B | 19.18B | 13.96B | 11.51B |
| Net Income | 10.33B | 8.87B | 11.19B | 9.83B | 5.64B | 5.96B |
Balance Sheet | ||||||
| Total Assets | 471.15B | 480.02B | 459.85B | 370.27B | 263.73B | 252.77B |
| Cash, Cash Equivalents and Short-Term Investments | 35.88B | 42.25B | 46.80B | 48.91B | 35.72B | 33.67B |
| Total Debt | 359.85B | 361.58B | 336.39B | 293.79B | 169.06B | 163.04B |
| Total Liabilities | 396.95B | 401.88B | 381.16B | 299.80B | 199.58B | 190.14B |
| Stockholders Equity | 74.80B | 78.81B | 79.14B | 72.50B | 65.91B | 62.78B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 8.98B | -29.57B | -49.24B | -532.00M | -10.17B |
| Operating Cash Flow | 0.00 | 10.36B | -24.77B | -49.24B | 1.50B | -10.81B |
| Investing Cash Flow | 0.00 | -12.15B | -15.83B | -32.21B | -1.62B | -29.72B |
| Financing Cash Flow | 0.00 | 17.74B | 38.01B | 83.19B | 2.14B | 50.29B |
ES-CON JAPAN Ltd. Technical Analysis
Positive
1188.00
Price Trends
1094.30
Positive
1085.81
Positive
1029.61
Positive
Market Momentum
13.70
Negative
59.56
Neutral
66.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8892, the sentiment is Positive. The current price of 1188 is above the 20-day moving average (MA) of 1108.26, above the 50-day MA of 1094.30, and above the 200-day MA of 1029.61, indicating a bullish trend. The MACD of 13.70 indicates Negative momentum. The RSI at 59.56 is Neutral, neither overbought nor oversold. The STOCH value of 66.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8892.
ES-CON JAPAN Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥716.96B | 14.73 | 7.50% | 2.92% | 6.14% | 56.11% | |
69 Neutral | ¥2.19T | 9.60 | 11.84% | 4.17% | 3.43% | 6.59% | |
66 Neutral | ¥111.86B | 3.51 | ― | 4.20% | 20.62% | 8.64% | |
64 Neutral | ¥855.80B | 6.53 | 11.28% | 3.21% | 10.42% | -8.24% | |
62 Neutral | ¥15.35B | 15.76 | ― | 3.75% | 10.71% | -40.11% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥104.18B | -16.70 | ― | 5.49% | -9.75% | -30.70% |
* Consumer Cyclical Sector Average
JP:8892
ES-CON JAPAN Ltd.
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ES-CON JAPAN Ltd. Corporate Events
ES-CON JAPAN Seeks Reappointment of Directors and Auditors to Maintain Governance Continuity
Apr 24, 2026
ES-CON JAPAN has proposed the reappointment of its current slate of directors, including President and Representative Director Takatoshi Ito, Senior Managing Director Minoru Nakanishi, and key executive director Masakazu Tsubouchi, for approval at...
ES-CON JAPAN to Broaden Business Scope with Sports and Lifestyle Expansion
Apr 24, 2026
ES-CON JAPAN’s board has approved a proposal to partially amend its Articles of Incorporation, to be put before shareholders at the June 24, 2026 annual meeting, aligning its corporate purposes with recent strategic moves. The changes follow...
ES-CON JAPAN Confirms Stable Year-End Dividend of JPY 48 Per Share
Apr 24, 2026
ES-CON JAPAN’s board has resolved to pay a year-end dividend of JPY 48 per share for the fiscal year ended March 31, 2026, matching both its latest forecast and the previous year’s payout. The total dividend will amount to approximatel...
ES-CON JAPAN Books ¥3.8 Billion Equity-Method Loss on TSUNAGU Community Farm
Apr 24, 2026
ES-CON JAPAN reported a significant non-operating expense after booking a share of loss related to its equity-method affiliate TSUNAGU Community Farm, whose automated plant factory saw shipment volumes fall short of initial targets. The decline in...
ES-CON JAPAN Unveils FY2026 Results and Progress on Long-Term Real Estate Strategy
Apr 24, 2026
ES-CON JAPAN has released its financial results for the fiscal year ended March 2026, detailing performance by business segment, overall earnings trends and assets under management, alongside guidance for the coming period. The disclosure also out...
ES-CON JAPAN Lifts Sales, Keeps Dividend Steady and Signals Higher Payout in 2027
Apr 24, 2026
ES-CON JAPAN reported consolidated net sales of ¥137.0 billion for the fiscal year ended March 31, 2026, up 20.6% year on year, with operating profit rising 22.5% to ¥26.1 billion and profit attributable to owners of parent increasing 8....
ES-CON JAPAN Refinances JPY 22.7 Billion via Long-Term Syndicated Loan with Covenants
Mar 24, 2026
ES-CON JAPAN has resolved to refinance its existing syndicated loan, which was set to mature on March 27, 2026, by arranging a new long-term syndicated term loan of JPY 22.7 billion led by MUFG Bank. The new facility, carrying interest at 1-month ...
ES-CON JAPAN to Take Control of Montedio Yamagata and Fund New Stadium Project
Feb 26, 2026
ES-CON JAPAN has agreed to subscribe to new shares in Montedio Football Park Co., Ltd. to fund construction and ownership of a next-generation football stadium in Tendo, Yamagata Prefecture, scheduled for completion in August 2028. The project wil...
ES-CON JAPAN Outlines Nine-Month Results and Long-Term Urban Development Strategy
Jan 30, 2026
ES-CON JAPAN released its financial results for the nine months ended December 31, 2025, outlining performance by business segment, balance sheet conditions, progress on its investment plan, and planned full-year results, along with policies on sh...
ES-CON JAPAN Nine-Month Profit Falls but Full-Year Forecast and Dividend Plan Intact
Jan 30, 2026
For the nine months ended December 31, 2025, ES-CON JAPAN reported a year-on-year decline in performance, with net sales down 21.8% to ¥62.9 billion, operating income down 23.3% to ¥10.5 billion, ordinary income down 38.7% to ¥6.9 b...
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.