FJ NEXT HOLDINGS CO. LTD. (JP:8935)
:8935
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FJ NEXT HOLDINGS CO. LTD.
(8935)
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Rating:77Outperform
Price Target:
¥2,187.00
▲(51.04% Upside)
Action:ReiteratedDate:02/04/26
The score is driven primarily by strong profitability and balance sheet stability, supported by attractive valuation (low P/E and solid dividend yield). The main constraints are cash flow volatility (including negative operating cash flow in 2025) and technically overbought conditions (high RSI) that can elevate near-term risk.
Positive Factors
Consistent Revenue Growth
A sustained ~12% reported revenue growth indicates expanding sales momentum and demand for core residential projects. Over the next 2–6 months this supports predictable top-line expansion, improves operating leverage, and underpins reinvestment capacity for development and services.
Negative Factors
Cash Flow Volatility / Negative OCF in 2025
A material negative operating cash flow in 2025 and year-to-year volatility weaken the firm’s ability to self-finance development and dividends. Persistent OCF swings increase refinancing and liquidity risk, forcing dependence on asset sales or external funding during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
A sustained ~12% reported revenue growth indicates expanding sales momentum and demand for core residential projects. Over the next 2–6 months this supports predictable top-line expansion, improves operating leverage, and underpins reinvestment capacity for development and services.
Read all positive factors
FJ NEXT HOLDINGS CO. LTD. (8935) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥54.13B
Dividend Yield3.64%
Average Volume (3M)52.79K
Price to Earnings (P/E)8.5
Beta (1Y)0.85
Revenue Growth15.82%
EPS Growth22.32%
CountryJP
Employees557
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)155.07
Shares Outstanding34,646,500
10 Day Avg. Volume39,130
30 Day Avg. Volume52,790
Financial Highlights & Ratios
PEG Ratio14.72
Price to Book (P/B)0.54
Price to Sales (P/S)0.35
P/FCF Ratio-2.80
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
FJ NEXT HOLDINGS CO. LTD. Business Overview & Revenue Model
Company Description
FJ NEXT Holdings Co., Ltd. engages in the planning, development, sale, and brokerage of real estate properties in Japan. It is also involved in the development of condominiums and resorts; real estate management activities; design, construction, a...
How the Company Makes Money
FJ NEXT HOLDINGS generates revenue primarily through the development and leasing of residential and commercial properties. Its revenue model is centered around the sale of newly constructed homes, rental income from leased properties, and property...
FJ NEXT HOLDINGS CO. LTD. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 120.03B | 112.43B | 100.41B | 84.69B | 82.26B | 72.99B |
| Gross Profit | 22.75B | 20.64B | 20.17B | 18.85B | 19.74B | 17.11B |
| EBITDA | 11.60B | 9.85B | 9.79B | 8.62B | 9.50B | 7.73B |
| Net Income | 7.70B | 6.48B | 6.45B | 5.62B | 6.34B | 4.98B |
Balance Sheet | ||||||
| Total Assets | 107.00B | 105.48B | 95.28B | 88.94B | 82.66B | 84.38B |
| Cash, Cash Equivalents and Short-Term Investments | 28.38B | 24.47B | 34.60B | 32.25B | 35.59B | 23.14B |
| Total Debt | 20.94B | 18.23B | 12.75B | 12.10B | 12.64B | 20.82B |
| Total Liabilities | 33.00B | 32.55B | 27.25B | 25.92B | 23.74B | 30.51B |
| Stockholders Equity | 74.00B | 72.92B | 68.03B | 63.02B | 58.92B | 53.87B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -13.98B | 4.62B | -4.57B | 22.12B | 7.87B |
| Operating Cash Flow | 0.00 | -13.88B | 4.67B | -4.53B | 22.21B | 8.07B |
| Investing Cash Flow | 0.00 | 4.91B | -5.04B | 1.93B | 7.00M | -89.00M |
| Financing Cash Flow | 0.00 | 3.84B | -2.29B | -738.00M | -9.68B | -6.78B |
FJ NEXT HOLDINGS CO. LTD. Technical Analysis
Neutral
1448.00
Price Trends
1705.58
Negative
1576.01
Positive
1472.67
Positive
Market Momentum
-29.49
Positive
38.59
Neutral
7.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8935, the sentiment is Neutral. The current price of 1448 is below the 20-day moving average (MA) of 1770.60, below the 50-day MA of 1705.58, and below the 200-day MA of 1472.67, indicating a neutral trend. The MACD of -29.49 indicates Positive momentum. The RSI at 38.59 is Neutral, neither overbought nor oversold. The STOCH value of 7.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8935.
FJ NEXT HOLDINGS CO. LTD. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥54.13B | 8.51 | ― | 3.64% | 15.82% | 22.32% | |
74 Outperform | ¥104.76B | 5.88 | ― | 2.93% | 20.83% | 57.13% | |
73 Outperform | ¥130.22B | 20.19 | 15.81% | 2.93% | 84.20% | 137.87% | |
71 Outperform | ¥91.63B | 14.58 | ― | 2.19% | 4.72% | 47.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥44.06B | 9.84 | ― | 0.45% | -8.33% | -36.89% | |
62 Neutral | ¥69.78B | 8.53 | ― | 2.89% | -3.09% | -35.66% |
* Real Estate Sector Average
JP:8935
FJ NEXT HOLDINGS CO. LTD.
1,656.00
448.39
37.13%
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FJ NEXT HOLDINGS CO. LTD. Corporate Events
FJ NEXT Raises FY2026 Earnings Forecast on Strong Profit Growth Outlook
Feb 6, 2026
FJ NEXT HOLDINGS CO. LTD., a Japanese real estate and housing-related group, is engaged in developing, selling, and managing residential properties and associated services for investors in the domestic market. The company has issued a revised fore...
FJ Next Lifts Earnings Outlook and Boosts Dividend on Strong Business Trends
Feb 3, 2026
FJ Next Holdings significantly upgraded its full-year consolidated forecast for the fiscal year ending March 31, 2026, projecting net sales of ¥139.0 billion and net income attributable to shareholders of ¥9.0 billion, up 11.2% and 36.4%...
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.