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8904.T — Tokyo Stock Exchange Homebuilding

8904.T

¥824,00
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JPY
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Mcap
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P/E
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EV / Rev
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Div yield
4,61 %
Op margin
1,9 %
ROE
2,3 %
Net margin
0,9 %
Debt / equity
1,33
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

The company operates in the homebuilding industry, constructing and selling residential properties in Japan.

Business. The company operates in the homebuilding industry, constructing and selling residential properties in Japan.

Classification92 %
SectorConsumer Cyclicals
Business sectorCyclical Consumer Products
IndustryHomebuilding
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
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not yet scored
Valuation
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valuation pending
Analysts
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not yet wired
Ownership
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not yet wired
Profitability→
2,3 %
return on equity
Quality
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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 8904.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 8904.T. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    The company operates in the homebuilding industry, constructing and selling residential properties in Japan.

    Classification92 %
    SectorConsumer Cyclicals
    Business sectorCyclical Consumer Products
    IndustryHomebuilding
    AI synthesis
    GENERATED

    The company maintains a debt-to-equity ratio of 1.33, indicating a moderate reliance on debt financing, while its current ratio of 2.02 suggests a strong ability to meet short-term obligations. However, the company's free cash flow is negative at -2,961,134,000 JPY, and capital expenditures are significant at -3,403,167,000 JPY, signaling ongoing investment in operations. The liquidity risk is rated as medium, with a key flag indicating that net cash is negative after subtracting total debt.

    Profitability metrics show a return on equity of 2.28% and a return on assets of 0.9%, both of which are below the industry median for homebuilders, indicating subpar performance relative to peers. The company's operating income of 1,284,637,000 JPY and net income of 639,446,000 JPY reflect a narrow margin, which is a concern given the capital-intensive nature of the homebuilding industry.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes in Japan. The company's revenue of 69,270,817,000 JPY is derived from a single business activity, homebuilding, with no material contribution from other segments.

    The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year. Analysts have recorded the last actual revenue at 69,270,820,000 JPY, which is consistent with the most recent financial snapshot. The company's capital expenditures and negative free cash flow suggest a focus on maintaining or expanding operations rather than on growth.

    The company's risk profile includes a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt highlights a potential liquidity constraint. The dilution risk is low, with no significant dilution sources identified in the available documents.

    Recent events include the recording of the last actual EPS at 44.39 JPY and the last actual revenue at 69,270,820,000 JPY by analysts. No recent filings or transcripts have been disclosed that would indicate significant changes in the company's operations or strategy.

    Key takeaways
    • The company has a moderate debt load and strong short-term liquidity but faces challenges with negative free cash flow.
    • Profitability metrics are below industry medians, indicating a need for operational improvements.
    • The company's revenue is concentrated in a single business segment and geographic region, increasing exposure to local economic and regulatory risks.
    • Growth is constrained by capital expenditures and negative free cash flow, with no clear signs of expansion.
    • The company's liquidity risk is medium, and dilution risk is low, but the negative net cash position is a concern.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    ¥824,00
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
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    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    ¥28.02B
    Net cashⓘ
    -¥19.05B
    Current ratioⓘ
    2.0
    Debt / equityⓘ
    1.3
    ROAⓘ
    0.9%
    ROEⓘ
    2.3%
    Cash conversionⓘ
    676.0%
    CapEx / revenueⓘ
    -4.9%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin1,8 %Bottom quartile
    Net Margin0,9 %Below median
    ROE2,3 %Below median
    Capex / Rev-4,9 %Bottom quartile
    D/E1,33Bottom quartile
    Cash Conv6,76Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • 8904.T Market data — financials · 2026-05-27
    • Avantia Co Ltd Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    8904.TCanonical
    Tokyo Stock Exchange · JPY

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage