SPACE CO., LTD. (JP:9622)
:9622
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SPACE CO., LTD.
(9622)
Select Model
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Rating:81Outperform
Price Target:
¥1,913.00
▲(23.02% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by strong financial performance, led by an exceptionally conservative balance sheet and improving profitability, partially tempered by historically volatile cash-flow conversion. Technicals add support with a clear uptrend and positive momentum indicators, while valuation is favorable with a low P/E and a modest dividend yield.
Positive Factors
Conservative balance sheet
Near-zero leverage and steadily rising equity give the company durable financial flexibility. That conservatism supports multi-year R&D, bidding on large government/defense projects, and resilience through cycles, reducing refinancing risk and preserving strategic optionality.
Negative Factors
Cash-flow volatility / working-capital risk
Project-timing and working-capital swings have produced inconsistent operating cash flow historically. That structural volatility can pressure liquidity during large project phases, force short-term financing, and complicate reliable reinvestment or dividend policies over multi-quarter horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero leverage and steadily rising equity give the company durable financial flexibility. That conservatism supports multi-year R&D, bidding on large government/defense projects, and resilience through cycles, reducing refinancing risk and preserving strategic optionality.
Read all positive factors
SPACE CO., LTD. (9622) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥38.69B
Dividend Yield1.97%
Average Volume (3M)36.58K
Price to Earnings (P/E)10.1
Beta (1Y)0.74
Revenue Growth12.65%
EPS Growth22.92%
CountryJP
Employees877
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)53.13
Shares Outstanding26,600,320
10 Day Avg. Volume29,990
30 Day Avg. Volume36,580
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.09
Price to Sales (P/S)0.53
P/FCF Ratio15.21
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
SPACE CO., LTD. Business Overview & Revenue Model
Company Description
Space Co.,Ltd. engages in the planning, design, supervision, and construction of commercial facilities in Japan. The company's commercial facilities include shopping centers, department stores, specialty stores, restaurants, and cafes. It is also ...
How the Company Makes Money
SPACE CO., LTD. generates revenue through multiple streams, primarily by selling high-tech aerospace equipment, satellite systems, and providing engineering services to both commercial and governmental clients. The company earns significant income...
SPACE CO., LTD. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.93B | 71.51B | 64.18B | 52.79B | 46.71B | 42.41B |
| Gross Profit | 7.47B | 8.27B | 7.08B | 6.11B | 4.82B | 4.78B |
| EBITDA | 4.45B | 5.18B | 4.00B | 3.12B | 2.51B | 2.69B |
| Net Income | 2.88B | 3.77B | 2.55B | 1.69B | 1.39B | 1.51B |
Balance Sheet | ||||||
| Total Assets | 43.53B | 45.13B | 40.95B | 37.63B | 35.40B | 34.62B |
| Cash, Cash Equivalents and Short-Term Investments | 16.13B | 14.87B | 13.85B | 13.15B | 14.05B | 15.14B |
| Total Debt | 55.44M | 54.56M | 60.12M | 62.34M | 61.13M | 62.48M |
| Total Liabilities | 10.00B | 10.22B | 8.27B | 6.87B | 5.81B | 5.32B |
| Stockholders Equity | 33.47B | 34.85B | 32.62B | 30.70B | 29.56B | 29.28B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.51B | 1.75B | 738.17M | -104.25M | 2.25B |
| Operating Cash Flow | 0.00 | 2.91B | 2.05B | 2.13B | -29.79M | 2.28B |
| Investing Cash Flow | 0.00 | -1.33B | 630.42M | -3.17B | -82.08M | -89.93M |
| Financing Cash Flow | 0.00 | -1.50B | -1.03B | -882.28M | -1.01B | -830.21M |
SPACE CO., LTD. Technical Analysis
Positive
1555.00
Price Trends
1586.34
Negative
1537.79
Positive
1401.77
Positive
Market Momentum
-6.81
Negative
50.18
Neutral
58.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9622, the sentiment is Positive. The current price of 1555 is above the 20-day moving average (MA) of 1548.40, below the 50-day MA of 1586.34, and above the 200-day MA of 1401.77, indicating a neutral trend. The MACD of -6.81 indicates Negative momentum. The RSI at 50.18 is Neutral, neither overbought nor oversold. The STOCH value of 58.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9622.
SPACE CO., LTD. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥38.69B | 10.11 | ― | 1.97% | 12.65% | 22.92% | |
77 Outperform | ¥28.27B | 9.02 | ― | 2.37% | 3.01% | -13.60% | |
73 Outperform | ¥89.00B | 13.86 | ― | 1.25% | 2.61% | -13.38% | |
70 Outperform | ¥8.17B | 16.79 | ― | 2.03% | 16.10% | -10.63% | |
65 Neutral | ¥22.12B | -39.49 | ― | 3.59% | 3.28% | -5.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | ¥29.84B | -6.03 | ― | ― | 78.27% | 72.99% |
* Industrials Sector Average
JP:9622
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SPACE CO., LTD. Corporate Events
Space Co. Books Strong 2025 Earnings, Lifts Dividend but Signals Softer Profit Outlook for 2026
Feb 12, 2026
Space Co., Ltd. reported consolidated net sales of ¥71.5 billion for the fiscal year ended December 31, 2025, up 11.4% year on year, with operating profit surging 39.4% to ¥4.83 billion and profit attributable to owners of parent rising ...
SPACE unveils finalized “Expansion and Growth” plan with ambitious financial and strategic targets
Feb 12, 2026
SPACE CO., LTD. has finalized its three-year medium-term management plan, titled “Expansion and Growth,” covering fiscal years 2026 to 2028 and building on prior phases that culminated in record sales and profits. The plan refines prev...
SPACE CO., LTD. Lifts Annual Dividend Payout on Strong FY2025 Results
Feb 12, 2026
SPACE CO., LTD. has approved a year-end dividend of 51 yen per share for the fiscal year ended December 31, 2025, including an ordinary dividend of 43 yen and a special dividend of 8 yen, subject to shareholder approval at the March 2026 AGM. This...
SPACE CO., LTD. Delivers Record Sales and Profits on Large-Scale Project Wins
Feb 12, 2026
SPACE CO., LTD. reported record-high net sales and profits for the fiscal year ended December 31, 2025, with net sales rising 11.4% year on year to ¥71,511 million. Operating profit reached ¥4,879 million, ordinary profit ¥4,830 mil...
SPACE CO., LTD. Announces Transfer of MSC CO., LTD. Shares
Dec 12, 2025
SPACE CO., LTD. has decided to transfer all its shares in MSC CO., LTD., effectively removing MSC from its consolidated subsidiaries. This strategic move follows successful synergies between the two companies and aims to allow each entity to pursu...
SPACE CO., LTD. Unveils ‘Expansion and Growth’ Plan for 2026-2028
Dec 12, 2025
SPACE CO., LTD. has announced its new medium-term management plan, ‘Expansion and Growth,’ covering 2026 to 2028. The plan aims to deepen existing business strengths, create new client value, and strengthen the value chain while focusi...
SPACE CO., LTD. Revises Financial and Dividend Forecasts Upward
Dec 12, 2025
SPACE CO., LTD. has revised its financial and dividend forecasts for the fiscal year ending December 31, 2025, due to a strong performance trend and increased investment appetite among clients. The company expects higher net sales and profits, dri...
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.