Japan Excellent, Inc. (JP:8987)
:8987
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Japan Excellent, Inc.
(8987)
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Rating:59Neutral
Price Target:
¥158,736
▲(6.53% Upside)
Action:ReiteratedDate:03/04/26
The score is driven primarily by average-to-good financial performance, weighed down by uneven cash flow and negative free cash flow in 2025. Technicals are moderately supportive with an uptrend versus key moving averages, while valuation is neutral given a moderate yield but a relatively high P/E.
Positive Factors
Manageable leverage
A debt-to-equity ratio near 0.87 that has remained steady implies the REIT maintains sector-appropriate leverage, preserving financial flexibility. This manageable gearing supports continued access to debt markets for acquisitions or refinancing and reduces short-term solvency risk versus highly leveraged peers.
Negative Factors
Revenue volatility
Material swings in revenue reduce predictability of distributable income and complicate planning. Volatility likely reflects lease rollovers, occupancy fluctuations or asset sales, and can force reliance on asset disposal or temporary measures to maintain payouts, harming long-term distribution stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
A debt-to-equity ratio near 0.87 that has remained steady implies the REIT maintains sector-appropriate leverage, preserving financial flexibility. This manageable gearing supports continued access to debt markets for acquisitions or refinancing and reduces short-term solvency risk versus highly leveraged peers.
Read all positive factors
Japan Excellent, Inc. (8987) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥192.43B
Dividend Yield3.82%
Average Volume (3M)1.96K
Price to Earnings (P/E)22.0
Beta (1Y)0.22
Revenue Growth64.38%
EPS Growth0.79%
CountryJP
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)3371.00
Shares Outstanding1,321,614
10 Day Avg. Volume2,183
30 Day Avg. Volume1,956
Financial Highlights & Ratios
PEG Ratio1.68
Price to Book (P/B)1.32
Price to Sales (P/S)6.17
P/FCF Ratio-91.14
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)6,346.44
Revenue Forecast (FY)¥23.03B
Japan Excellent, Inc. Business Overview & Revenue Model
Company Description
JEI invests primarily in office buildings located in major metropolitan areas and pursues to create portfolio that produces stable growth of income by acquiring properties with a strict investment criteria and a close monitoring of real estate mar...
How the Company Makes Money
Japan Excellent, Inc. generates revenue primarily through rental income from its diversified portfolio of commercial and residential properties. The company leases office spaces and retail units, which provide a steady stream of cash flow. In addi...
Japan Excellent, Inc. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| 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 | 11.83B | 11.37B | 7.06B | -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
Negative
149000.00
Price Trends
150358.00
Negative
149087.46
Negative
143839.58
Positive
Market Momentum
-1965.95
Positive
40.54
Neutral
25.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8987, the sentiment is Negative. The current price of 149000 is above the 20-day moving average (MA) of 148755.00, below the 50-day MA of 150358.00, and above the 200-day MA of 143839.58, indicating a neutral trend. The MACD of -1965.95 indicates Positive momentum. The RSI at 40.54 is Neutral, neither overbought nor oversold. The STOCH value of 25.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8987.
Japan Excellent, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥143.91B | 8.79 | ― | 6.26% | 55.69% | 24.75% | |
69 Neutral | ¥878.16B | 24.15 | 6.59% | 3.83% | -1.97% | -2.16% | |
66 Neutral | ¥1.20T | 16.01 | 5.94% | 3.40% | -7.30% | 7.83% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥546.48B | 10.93 | ― | 4.10% | -31.88% | 2.02% | |
62 Neutral | ¥313.14B | 11.71 | ― | 3.94% | 19.18% | -23.37% | |
59 Neutral | ¥192.43B | 21.99 | ― | 3.82% | 64.38% | 0.79% |
* Real Estate Sector Average
JP:8987
Japan Excellent, Inc.
145,600.00
28,923.20
24.79%
JP:8952
Japan Real Estate Investment
120,700.00
19,979.59
19.84%
JP:8951
Nippon Building
136,200.00
15,598.46
12.93%
JP:8954
ORIX JREIT Inc.
99,000.00
14,741.40
17.50%
JP:8975
Ichigo Office REIT Investment Corporation
94,200.00
18,099.34
23.78%
JP:8976
Daiwa Office Investment Corporation
335,000.00
58,658.12
21.23%
Japan Excellent, Inc. Corporate Events
Japan Excellent Secures ¥3.5 Billion Loan to Fund Aqua Town Naya-bashi Acquisition
Feb 20, 2026
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‑...
Japan Excellent reshapes portfolio with Akasaka asset swap and new acquisition
Feb 20, 2026
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 ...
Japan Excellent Posts Stable Results, Lifts Outlook for Distributions
Feb 20, 2026
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. W...
Japan Excellent Files Shelf Registration to Issue Up to ¥100 Billion in Investment Corporation Bonds
Jan 30, 2026
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 ...
Japan Excellent Secures ¥14 Billion Credit Line to Strengthen Refinancing Flexibility
Jan 28, 2026
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-guara...
Japan Excellent Announces New Property Management and Leasing Partner
Dec 18, 2025
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 ...
Japan Excellent Announces Early Repayment of Short-term Debt
Dec 18, 2025
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 ...
Japan Excellent, Inc. Transfers Aging Property as Part of Strategic Portfolio Optimization
Dec 18, 2025
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 pro...
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.