Forval RealStraight Inc. (JP:9423)
:9423
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Forval RealStraight Inc.
(9423)
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Rating:70Outperform
Price Target:
¥111.00
▲(2.78% Upside)
Action:Upgraded
Date:05/17/26
The score is driven primarily by strong underlying financial quality (notably a debt-free balance sheet and solid ROE) and supportive recent revenue momentum. This is tempered by weak technicals (bearish trend with negative MACD and price below key moving averages) and the risk of inconsistent cash-flow conversion, while valuation remains reasonable with a moderate dividend yield.
Positive Factors
Balance-sheet strength
A zero-debt balance sheet materially reduces refinancing and interest-rate risk, giving management flexibility to invest, withstand downturns, and fund operations from internal resources. This durable financial conservatism supports long-term stability and optionality for strategic moves.
Negative Factors
Thin profitability
Low single-digit operating margins imply limited pricing power and high sensitivity to cost increases or revenue mix shifts. Over the medium term this constrains free cash flow upside and heightens vulnerability to input-cost inflation or competitive pricing pressure in the SME market.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
A zero-debt balance sheet materially reduces refinancing and interest-rate risk, giving management flexibility to invest, withstand downturns, and fund operations from internal resources. This durable financial conservatism supports long-term stability and optionality for strategic moves.
Read all positive factors
Forval RealStraight Inc. (9423) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.45B
Dividend Yield2.43%
Average Volume (3M)215.53K
Price to Earnings (P/E)14.6
Beta (1Y)0.58
Revenue Growth45.35%
EPS Growth95.40%
CountryJP
Employees69
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)3.87
Shares Outstanding24,277,800
10 Day Avg. Volume205,720
30 Day Avg. Volume215,530
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)3.38
Price to Sales (P/S)0.55
P/FCF Ratio13.44
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
Forval RealStraight Inc. Business Overview & Revenue Model
Company Description
Forval RealStraight Inc. provides real estate brokerage and office relocation support services in Japan. It also engages in the sale of OA communication equipment. The company was formerly known as Fread Co., Ltd. and changed its name to Forval Re...
How the Company Makes Money
Forval RealStraight Inc. generates revenue by offering telecommunications services, IT consulting, and system integration solutions to its SME clients. Key revenue streams include service fees for consulting, sales of IT products and hardware, man...
Forval RealStraight Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
67
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.56B | 3.14B | 3.07B | 2.98B | 2.15B |
| Gross Profit | 1.64B | 1.24B | 1.24B | 1.15B | 872.34M |
| EBITDA | 148.94M | 143.52M | 174.44M | 160.17M | 74.41M |
| Net Income | 169.16M | 86.35M | 130.16M | 112.23M | 50.41M |
Balance Sheet | |||||
| Total Assets | 1.87B | 1.32B | 1.30B | 1.19B | 802.13M |
| Cash, Cash Equivalents and Short-Term Investments | 973.76M | 761.19M | 770.02M | 729.56M | 471.84M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.13B | 678.73M | 693.57M | 663.60M | 351.67M |
| Stockholders Equity | 746.00M | 639.89M | 607.88M | 530.04M | 450.46M |
Cash Flow | |||||
| Free Cash Flow | 187.84M | 60.78M | 93.27M | 293.72M | -28.68M |
| Operating Cash Flow | 194.91M | 65.50M | 107.55M | 295.97M | -17.05M |
| Investing Cash Flow | 80.49M | -16.52M | -14.28M | -2.25M | -9.62M |
| Financing Cash Flow | -62.83M | -57.81M | -52.81M | -35.99M | -36.24M |
Forval RealStraight Inc. Technical Analysis
Negative
108.00
Price Trends
104.61
Negative
106.83
Negative
106.40
Negative
Market Momentum
-0.92
Positive
35.92
Neutral
21.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9423, the sentiment is Negative. The current price of 108 is above the 20-day moving average (MA) of 102.90, above the 50-day MA of 104.61, and above the 200-day MA of 106.40, indicating a bearish trend. The MACD of -0.92 indicates Positive momentum. The RSI at 35.92 is Neutral, neither overbought nor oversold. The STOCH value of 21.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9423.
Forval RealStraight Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥11.66B | 13.54 | ― | 4.98% | 6.29% | 6.28% | |
70 Outperform | ¥2.45B | 14.64 | ― | 2.43% | 45.35% | 95.40% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ¥23.39B | 36.89 | ― | ― | -2.59% | 61.28% | |
59 Neutral | ¥14.11B | 6.08 | ― | 1.47% | 15.19% | -6.43% | |
52 Neutral | ¥39.73B | 21.02 | ― | 0.45% | 23.11% | 8.31% | |
49 Neutral | ¥7.63B | 7.29 | ― | 3.45% | 17.45% | 10.38% |
* Real Estate Sector Average
JP:9423
Forval RealStraight Inc.
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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.