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LAND Co., Ltd. (JP:8918)
:8918
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LAND Co., Ltd.
(8918)
Select Model
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Rating:57Neutral
Price Target:
¥8.50
▲(6.25% Upside)
The score is primarily supported by solid financial performance—especially low leverage and acceptable profitability—but is held back by weak technicals (price below key moving averages with bearish momentum) and an unattractive valuation (very high P/E with only a modest dividend yield).
LAND Co., Ltd. (8918) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.84B
Dividend Yield1.11%
Average Volume (3M)162.17M
Price to Earnings (P/E)647.5
Beta (1Y)-0.25
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees13
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,545,140,000
10 Day Avg. Volume189,870,890
30 Day Avg. Volume162,167,891
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.35
Price to Sales (P/S)2.36
P/FCF Ratio0.00
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
LAND Co., Ltd. Business Overview & Revenue Model
Company DescriptionLAND Co., Ltd. engages in the real estate business. The company was founded in 1996 and is based in Yokohama, Japan.
How the Company Makes Money
LAND Co., Ltd. Financial Statement Overview
Summary
Financial quality is good overall: a conservatively levered balance sheet (strongest area) and solid profitability in the latest period, but results are cyclical with a meaningful revenue decline in 2025 and inconsistent cash conversion (including negative operating/free cash flow in 2024 and zero free cash flow in 2025).Income Statement
Profitability is strong in most years, with high gross and net margins in 2022–2023 and a clear rebound after the 2021 loss year. The latest annual period (2025) shows solid operating profitability (roughly 19% operating margin) and improved net margin versus 2024, but revenue declined meaningfully (down ~16.5%), and margins remain well below the 2022–2023 peak—suggesting a more volatile earnings profile than a steady compounder.Balance Sheet
The balance sheet looks conservatively levered with low debt relative to equity across the periods (debt-to-equity generally in the mid-single to mid-teens), which supports financial flexibility. Returns on equity are strong in good years (notably 2022–2023) and improved again in 2025 versus 2024, but the history includes a sharp negative return year (2021), highlighting that asset/earnings swings can still materially impact shareholder returns.Cash Flow
Cash generation is inconsistent. Operating cash flow is healthy in 2025 and covered net income well, but 2024 saw materially negative operating and free cash flow, indicating working-capital or project-timing volatility typical in real estate. Free cash flow is positive in several earlier years, yet the most recent year shows zero free cash flow despite strong operating inflow, pointing to elevated investment needs or cash absorption outside operations.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.23B | 5.09B | 2.10B | 4.10B | 3.03B | 1.14B |
| Gross Profit | 716.43M | 1.74B | 933.01M | 1.96B | 2.03B | -2.27B |
| EBITDA | 10.72M | 990.16M | 277.31M | 1.30B | 1.45B | -2.82B |
| Net Income | 118.40M | 874.31M | 240.05M | 1.28B | 1.67B | -2.79B |
Balance Sheet | ||||||
| Total Assets | 9.60B | 10.02B | 9.85B | 8.60B | 7.17B | 6.04B |
| Cash, Cash Equivalents and Short-Term Investments | 8.01B | 8.57B | 8.48B | 4.86B | 5.51B | 5.04B |
| Total Debt | 624.00M | 572.52M | 1.21B | 850.20M | 666.77M | 646.85M |
| Total Liabilities | 986.00M | 1.11B | 2.27B | 1.28B | 984.60M | 1.44B |
| Stockholders Equity | 8.61B | 8.90B | 7.57B | 7.32B | 6.19B | 4.60B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | -1.39B | 1.12B | 911.38M | 130.97M |
| Operating Cash Flow | 0.00 | 2.10B | -1.39B | 1.12B | 911.38M | 130.97M |
| Investing Cash Flow | 0.00 | -362.35M | 2.13B | -1.61B | -388.52M | 247.36M |
| Financing Cash Flow | 0.00 | -177.45M | 342.23M | 41.87M | -64.60M | 191.20M |
LAND Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥18.94B | 5.47 | ― | 4.71% | 10.42% | 48.21% | |
75 Outperform | ¥22.13B | 5.63 | ― | 3.69% | 84.40% | 142.34% | |
69 Neutral | ¥7.74B | 34.33 | ― | 3.17% | 5.99% | -35.12% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥13.68B | 8.15 | ― | 2.85% | 20.54% | 8.92% | |
57 Neutral | ¥13.84B | 647.48 | ― | 1.11% | ― | ― |
* Real Estate Sector Average
JP:8918
LAND Co., Ltd.
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14.21%
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WADAKOHSAN CORPORATION
1,764.00
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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.