KATITAS CO LTD (JP:8919)
:8919
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KATITAS CO
(8919)
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Rating:63Neutral
Price Target:
¥3,701.00
▲(14.76% Upside)
Action:Reiterated
Date:05/12/26
Overall score is driven primarily by solid profitability and improving leverage, tempered significantly by weak earnings-to-cash conversion (negative operating/free cash flow in 2026). Technicals are supportive but not strongly bullish, and valuation/dividend are moderate.
Positive Factors
Revenue growth & rising net income
Sustained top-line growth and materially higher net income indicate robust demand and effective execution of the buy-renovate-resell model. Over 2–6 months this supports reinvestment capacity, margin maintenance, and the ability to scale acquisition/renovation throughput while retaining profitability.
Negative Factors
Weak and inconsistent cash generation
Volatile and negative OCF/FCF undermines the translation of accounting profits into spendable cash. Over time this reduces internal funding for acquisitions/renovations, raises reliance on external financing, and increases vulnerability to tighter credit conditions or sudden working-capital needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & rising net income
Sustained top-line growth and materially higher net income indicate robust demand and effective execution of the buy-renovate-resell model. Over 2–6 months this supports reinvestment capacity, margin maintenance, and the ability to scale acquisition/renovation throughput while retaining profitability.
Read all positive factors
KATITAS CO (8919) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥271.18B
Dividend Yield2.13%
Average Volume (3M)289.34K
Price to Earnings (P/E)19.6
Beta (1Y)0.79
Revenue Growth17.23%
EPS Growth30.45%
CountryJP
Employees961
SectorConsumer Cyclical
Sector Strength84
IndustryReal Estate - Services
Share Statistics
EPS (TTM)132.47
Shares Outstanding78,650,640
10 Day Avg. Volume322,550
30 Day Avg. Volume289,336
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)4.60
Price to Sales (P/S)1.61
P/FCF Ratio-46.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,500.00Price Target Upside8.53% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)181.09
Revenue Forecast (FY)¥172.06B
KATITAS CO Business Overview & Revenue Model
Company Description
KATITAS CO., Ltd. purchases, refurbishes, remodels, and sells used homes to individuals and families in Japan. The company was formerly known as Yasuragi Co., Ltd. and changed its name to KATITAS CO., Ltd. in 2013. KATITAS CO., Ltd. was incorporat...
How the Company Makes Money
KATITAS CO., Ltd. generates revenue by acquiring aged and underutilized residential properties at low prices, conducting cost-efficient renovations to modernize and improve their value, and subsequently selling these updated homes to individual bu...
KATITAS CO Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 133.41B | 151.85B | 129.54B | 126.72B | 121.34B | 101.27B |
| Gross Profit | 32.14B | 35.37B | 30.70B | 27.81B | 26.86B | 24.65B |
| EBITDA | 15.56B | 18.28B | 14.32B | 12.72B | 14.30B | 10.98B |
| Net Income | 10.36B | 12.47B | 9.55B | 8.50B | 6.09B | 6.84B |
Balance Sheet | ||||||
| Total Assets | 81.68B | 93.25B | 83.33B | 77.37B | 66.30B | 62.64B |
| Cash, Cash Equivalents and Short-Term Investments | 13.65B | 8.23B | 18.77B | 22.03B | 8.73B | 13.41B |
| Total Debt | 26.50B | 26.50B | 26.50B | 26.50B | 18.50B | 18.50B |
| Total Liabilities | 35.29B | 40.19B | 37.61B | 37.02B | 30.54B | 29.89B |
| Stockholders Equity | 46.39B | 53.06B | 45.72B | 40.34B | 35.77B | 32.75B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.27B | 1.05B | 9.43B | -1.54B | -2.50B |
| Operating Cash Flow | 0.00 | -5.20B | 1.16B | 9.50B | -1.47B | -2.49B |
| Investing Cash Flow | 0.00 | -108.00M | -152.00M | -192.00M | -85.00M | -20.00M |
| Financing Cash Flow | 0.00 | -5.23B | -4.27B | 3.99B | -3.13B | -3.19B |
KATITAS CO Technical Analysis
Positive
3225.00
Price Trends
3290.35
Positive
3243.11
Positive
2995.86
Positive
Market Momentum
86.38
Positive
53.04
Neutral
23.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8919, the sentiment is Positive. The current price of 3225 is below the 20-day moving average (MA) of 3423.75, below the 50-day MA of 3290.35, and above the 200-day MA of 2995.86, indicating a bullish trend. The MACD of 86.38 indicates Positive momentum. The RSI at 53.04 is Neutral, neither overbought nor oversold. The STOCH value of 23.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8919.
KATITAS CO Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥175.32B | 12.34 | ― | 2.33% | 4.90% | 11.86% | |
66 Neutral | ¥202.37B | 14.07 | 20.50% | 1.49% | 3.01% | -18.79% | |
63 Neutral | ¥271.18B | 19.57 | 23.24% | 2.13% | 17.23% | 30.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ¥114.58B | 8.03 | 15.81% | 2.93% | 12.51% | 12.42% | |
57 Neutral | ¥63.52B | 19.18 | ― | 2.89% | 4.32% | 11.25% | |
52 Neutral | ¥42.42B | 25.79 | ― | 0.45% | 23.11% | 8.31% |
* Consumer Cyclical Sector Average
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KATITAS CO Corporate Events
KATITAS profit jumps as higher new-home costs boost demand for existing houses
May 8, 2026
KATITAS Co., Ltd. reported a sharp rise in non-consolidated results for the fiscal year ended March 2026, with net sales climbing 18.1% to ¥105.9 billion and profit increasing 26.5% to ¥10.1 billion, compared with the prior year. Earning...
Katitas Sets Out FY2025 Results Framework and Medium-Term Strategy
May 8, 2026
Katitas Co., Ltd. has released materials for its financial results presentation for the 48th fiscal year ending March 31, 2026, labeled as FY2025, providing an overview of its performance and business model. The presentation also outlines the comp...
KATITAS Delivers Double-Digit Profit Growth and Lifts Dividend as It Targets Further Expansion
May 8, 2026
KATITAS Co., Ltd. reported strong consolidated results for the fiscal year ended March 31, 2026, with net sales rising 17.2% to ¥151.9 billion and profit attributable to owners of the parent climbing 30.6% to ¥12.47 billion, reflecting i...
KATITAS Lifts Year-End Dividend and Extends Streak of Payout Increases
May 8, 2026
KATITAS Co., Ltd. has approved an increased year-end dividend of ¥41 per share for the fiscal year ended March 31, 2026, up from a prior forecast of ¥39 and the previous year’s ¥28, bringing the total dividend payout to ¥...
Katitas to Refresh Audit & Supervisory Board with New Appointment
Apr 28, 2026
Katitas Co., Ltd. announced that its board has approved a change in its Audit Supervisory Board, with the retirement of current member Nobu Fukuda to be finalized at the 48th Annual General Meeting of Shareholders scheduled for June 23, 2026. The...
KATITAS Sees Limited Impact From TOTO’s Unit Bath Order Suspension
Apr 14, 2026
KATITAS Co., Ltd. said media reports on TOTO Ltd.’s suspension of unit bath orders are expected to have only a limited direct impact on its results, as the company has not recently placed orders for TOTO-made unit baths. It noted, however, t...
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.