Invincible Investment Corp. (JP:8963)
:8963
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Invincible Investment
(8963)
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Rating:61Neutral
Price Target:
¥67,837.00
▲(5.34% Upside)
Action:DowngradedDate:03/04/26
The score is primarily tempered by financial quality concerns—persistently weak/negative free cash flow and meaningful leverage—despite strong reported profitability. Technical signals are broadly neutral with only modest positive momentum. Valuation is supported by a high dividend yield and a moderate P/E, providing a partial offset.
Positive Factors
High reported profitability
Very strong operating and net margins with rising net income indicate durable pricing power and efficient cost control in its hotel REIT operations. Sustained profitability provides internal resources to support operations, reinvestment and distributions, strengthening resilience over months.
Negative Factors
Negative free cash flow
Free cash flow was deeply negative in 2023–2024 and remained slightly negative in 2025, limiting the firm's ability to self-fund capex, debt reduction or distributions. Persistent negative FCF forces reliance on external financing or asset sales, increasing structural liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
High reported profitability
Very strong operating and net margins with rising net income indicate durable pricing power and efficient cost control in its hotel REIT operations. Sustained profitability provides internal resources to support operations, reinvestment and distributions, strengthening resilience over months.
Read all positive factors
Invincible Investment (8963) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥475.61B
Dividend Yield5.82%
Average Volume (3M)25.62K
Price to Earnings (P/E)15.9
Beta (1Y)0.51
Revenue Growth11.83%
EPS Growth4.27%
CountryJP
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)2182.00
Shares Outstanding7,646,453
10 Day Avg. Volume21,996
30 Day Avg. Volume25,624
Financial Highlights & Ratios
PEG Ratio3.81
Price to Book (P/B)1.39
Price to Sales (P/S)7.84
P/FCF Ratio-1.05K
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)4,138.81
Revenue Forecast (FY)¥55.01B
Invincible Investment Business Overview & Revenue Model
Company Description
INV was established in January 2002 in accordance with the Investment Trust and Investment Corporation Act (Act No. 198 of 1951, as amended; the "Investment Trust Act"). In May 2004, INV was listed on the Osaka Securities Exchange (application for...
How the Company Makes Money
Invincible Investment generates revenue through a combination of investment returns, management fees, and advisory services. The company earns income from its portfolio of real estate holdings by collecting rental income and capital appreciation f...
Invincible Investment Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
39
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 62.77B | 46.69B | 34.73B | 19.61B | 12.21B |
| Gross Profit | 26.11B | 35.26B | 25.15B | 10.50B | 2.71B |
| EBITDA | 47.06B | 39.91B | 29.12B | 14.77B | 6.44B |
| Net Income | 31.06B | 28.04B | 19.95B | 6.09B | -2.59B |
Balance Sheet | |||||
| Total Assets | 709.10B | 680.00B | 563.39B | 494.24B | 494.82B |
| Cash, Cash Equivalents and Short-Term Investments | 39.40B | 31.96B | 21.96B | 15.55B | 12.76B |
| Total Debt | 348.65B | 323.20B | 269.10B | 240.80B | 244.94B |
| Total Liabilities | 354.51B | 328.62B | 273.09B | 243.92B | 248.69B |
| Stockholders Equity | 354.59B | 351.39B | 290.31B | 250.32B | 246.13B |
Cash Flow | |||||
| Free Cash Flow | -467.15M | -60.35B | -30.56B | 10.86B | 11.73B |
| Operating Cash Flow | 42.70B | 37.80B | 26.56B | 12.40B | 12.82B |
| Investing Cash Flow | -43.50B | -111.26B | -57.52B | -1.57B | -2.75B |
| Financing Cash Flow | -5.09B | 83.85B | 45.33B | -7.03B | -19.52B |
Invincible Investment Technical Analysis
Neutral
64400.00
Price Trends
63516.00
Negative
64003.28
Negative
64334.48
Negative
Market Momentum
181.66
Negative
56.15
Neutral
90.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8963, the sentiment is Neutral. The current price of 64400 is above the 20-day moving average (MA) of 61300.00, above the 50-day MA of 63516.00, and above the 200-day MA of 64334.48, indicating a neutral trend. The MACD of 181.66 indicates Negative momentum. The RSI at 56.15 is Neutral, neither overbought nor oversold. The STOCH value of 90.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8963.
Invincible Investment Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥568.84B | 12.42 | ― | 4.28% | 5.70% | 18.14% | |
67 Neutral | ¥458.56B | 12.99 | 6.81% | 3.58% | 9.83% | 21.66% | |
66 Neutral | ¥399.97B | 21.18 | 7.08% | 3.74% | -6.29% | 21.95% | |
63 Neutral | ¥561.60B | 23.41 | 6.80% | 4.46% | -0.32% | 1.93% | |
63 Neutral | ¥550.90B | 9.97 | ― | 4.10% | 5.25% | 19.44% | |
61 Neutral | ¥475.61B | 15.86 | 8.80% | 5.82% | 11.83% | 4.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8963
Invincible Investment
61,400.00
5,349.34
9.54%
JP:3269
Advance Residence Investment
161,400.00
17,531.28
12.19%
JP:8955
Japan Prime Realty Investment
99,100.00
12,967.62
15.06%
JP:8960
United Urban Investment
176,600.00
31,944.48
22.08%
JP:8954
ORIX JREIT Inc.
99,200.00
12,599.55
14.55%
JP:8984
Daiwa House REIT Investment Corporation
125,600.00
10,648.00
9.26%
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.