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Japan Excellent, Inc.
(8987)
Japan Excellent, Inc. (8987) vs. iShares MSCI Japan ETF (EWJ)
Japan Excellent, Inc. Business Overview & Revenue Model
Japan Excellent, Inc. Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.39B | 24.21B | 45.55B | 21.77B | 21.23B |
| Gross Profit | 7.34B | 10.61B | 9.55B | 10.12B | 10.32B |
| EBITDA | 13.98B | 13.04B | 12.89B | 12.69B | 12.51B |
| Net Income | 8.80B | 7.94B | 7.93B | 7.60B | 7.82B |
Balance Sheet | |||||
| Total Assets | 291.19B | 295.34B | 294.82B | 294.54B | 293.96B |
| Cash, Cash Equivalents and Short-Term Investments | 15.02B | 12.84B | 10.47B | 6.39B | 7.46B |
| Total Debt | 127.60B | 129.60B | 128.60B | 128.60B | 125.60B |
| Total Liabilities | 144.98B | 146.26B | 144.16B | 144.32B | 141.75B |
| Stockholders Equity | 146.21B | 149.07B | 150.66B | 150.22B | 152.21B |
Cash Flow | |||||
| Free Cash Flow | -2.12B | 11.82B | 11.34B | 6.99B | -5.64B |
| Operating Cash Flow | 19.66B | 28.11B | 34.09B | 16.60B | 11.26B |
| Investing Cash Flow | -16.11B | -15.91B | -22.86B | -14.72B | -16.69B |
| Financing Cash Flow | -13.67B | -8.61B | -7.52B | -6.59B | -8.03B |
Japan Excellent, Inc. Technical Analysis
Japan Excellent, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥148.41B | 15.62 | ― | 6.26% | 55.69% | 24.75% | |
66 Neutral | ¥137.32B | 16.83 | ― | 5.86% | 90.94% | 40.39% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥244.08B | 20.08 | ― | 4.63% | -5.47% | 14.66% | |
62 Neutral | ¥329.50B | 11.71 | ― | 3.94% | 19.18% | -23.37% | |
59 Neutral | ¥199.04B | 21.99 | ― | 3.82% | 64.38% | 0.79% |
Japan Excellent, Inc. Corporate Events
Japan Excellent, Inc. has arranged a new ¥3.5 billion short-term borrowing from Mizuho Bank via an unsecured, non‑guaranteed revolving credit facility with a one‑year term. The loan, bearing a floating rate linked to the one‑month JBA Yen‑TIBOR plus 0.200%, will be drawn down on February 27, 2026 and repaid in full on February 26, 2027.
Proceeds from the financing will be used to partially fund the acquisition costs and related expenses for the Aqua Town Naya-bashi property. Following the transaction, Japan Excellent’s total interest-bearing debt will rise from ¥127.6 billion to ¥131.1 billion, modestly increasing leverage but leaving the overall risk profile unchanged according to its latest disclosed investment risk factors.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen163944.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.
Japan Excellent, Inc. has approved a portfolio rebalancing move involving the acquisition of additional interest in the large-scale office property AKASAKA INTERCITY AIR and the purchase of Aqua Town Naya-bashi, while agreeing to transfer BIZCORE AKASAKA-MITSUKE. The company will pay a combined ¥11.545 billion for the two acquisitions and receive ¥6.45 billion from the sale, booking an estimated ¥384 million gain over book value on the disposal.
Management said the shift is driven by the stronger rental growth prospects and higher competitiveness of AKASAKA INTERCITY AIR in the Akasaka area compared with BIZCORE AKASAKA-MITSUKE, positioning the portfolio for improved growth potential. The addition of Aqua Town Naya-bashi is also intended to enhance portfolio quality, with the deals funded by a mix of loans and cash on hand and scheduled to close between late February and early July 2026, signaling ongoing active portfolio optimization for unitholders’ benefit.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen163944.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.
Japan Excellent, Inc. reported financial results for the 39th period ended December 31, 2025, showing largely stable performance with total revenues of ¥11.67 billion and net income of ¥4.35 billion, slightly below the previous period. While operating and ordinary income edged down and distributions per unit slipped to ¥3,036, key profitability indicators such as return on equity and return on assets remained steady, and the capital ratio improved to 50.2% as net assets inched higher.
Cash flow from operating activities nearly doubled to ¥12.92 billion, offset by reduced investing outflows and higher financing outflows, leaving cash and cash equivalents marginally lower at period-end. The REIT forecasts modestly lower revenues and income for the 40th and 41st periods but plans a slight increase in distributions, signaling continued emphasis on stable payouts and balance sheet strength for investors despite a mildly softer earnings outlook.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen163944.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.
Japan Excellent, Inc. has filed a shelf registration statement with the Kanto Local Finance Bureau to issue up to ¥100 billion in investment corporation bonds over a two-year period from February 9, 2026 to February 8, 2028. The funds raised may be used for the acquisition and operation of specified real estate assets, repayment of borrowings, redemption of existing bonds, refund of deposits and guarantees, and general operating capital, giving the REIT increased financial flexibility to support its asset growth, balance sheet management and ongoing operations.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen162967.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.
Japan Excellent, Inc. has renewed and established a new ¥14 billion commitment line of credit with a syndicate of major Japanese banks, replacing the previous one-year facility that expires at the end of January 2026. The unsecured, non-guaranteed line, split among Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corporation, will be available from February 1, 2026 to January 31, 2027 and will be used mainly to refinance existing debt, including investment corporate bonds. By securing this facility, the REIT aims to reduce refinancing risk and bolster the stability of its financial base, while confirming that the move does not alter the risk profile previously disclosed to investors in its securities filings.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen162642.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.
Japan Excellent, Inc. has announced a change in the property management and leasing arrangements for Mansard Daikanyama, effective February 1, 2026. The newly appointed company, TOKYU COMMUNITY CORP., is recognized for its expertise and extensive experience in managing properties in the area, which is expected to enhance the management of the asset. The change is not anticipated to impact JEI’s operating forecasts for the current or upcoming fiscal periods, signaling stability in financial performance for stakeholders.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen160535.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.
Japan Excellent, Inc. has announced the early repayment of a 2.8 billion yen short-term borrowing, financed through proceeds from the transfer of the Senshin Building and existing cash. This move reduces the company’s total interest-bearing debt, which may enhance its financial stability and flexibility, reflecting positively on its operational and investment strategy.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen160535.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.
Japan Excellent, Inc. has announced the transfer of the Senshin Building, a property with declining occupancy and prolonged leasing challenges, as part of its medium- to long-term portfolio strategy. Although the transfer value aligns with the property’s book value, the move is aimed at mitigating unrealized losses and addressing the building’s aging infrastructure, reflecting the company’s proactive asset management approach.
The most recent analyst rating on (JP:8987) stock is a Hold with a Yen160535.00 price target. To see the full list of analyst forecasts on Japan Excellent, Inc. stock, see the JP:8987 Stock Forecast page.