3487.T

The company maintains a capital structure characterized by significant leverage, with long-term debt of 69.9 billion JPY against total equity of 82.3 billion JPY, resulting in a debt-to-equity ratio of 0.85. Liquidity is constrained, evidenced by a current ratio of 0.36 and negative net cash position after subtracting total debt from cash and equivalents of 1.6 billion JPY. The firm generates 7.3 billion JPY in operating cash flow, but free cash flow is negative at -0.5 billion JPY due to capital expenditures of 0.3 billion JPY.

Profitability metrics indicate modest returns, with a return on equity of 5.4% and return on assets of 2.8%. The company reports a net income of 4.4 billion JPY on revenue of 9.5 billion JPY, yielding a net margin of approximately 47%. Valuation multiples include a P/E of 19.84, P/B of 1.07, and EV/EBITDA of 29.89, suggesting a premium valuation relative to book value but moderate earnings multiple.

Segment and geographic data are not available in the current dataset, preventing analysis of revenue concentration or regional exposure. The company’s activity is broadly classified as Industrial REITs, implying revenue derived from industrial property leases or sales, but specific segment breakdowns are absent.

Historical growth trajectory cannot be assessed due to the absence of multi-period revenue or net income data. The current financial snapshot provides a single-period view, limiting trend analysis for revenue expansion or contraction over time.

Risk assessment highlights medium liquidity risk and low dilution risk. Key flags indicate negative net cash, which may constrain short-term flexibility. The low dilution risk suggests stable share count, with basic and diluted shares outstanding both at 610,330.

Recent events include analyst coverage with a mean price target of 170,500 JPY and a median recommendation of 3.00 (Hold), with two hold ratings and no buy or strong buy recommendations. News observations indicate system-level reconciler activities related to data correction, but no material corporate events are disclosed.

Revenue ¥9.47B, +3,5% YoY; Operating income +6,1% YoY.

• ▍Revenue ¥9.47B, +3,5% YoY
• ▍Operating income +6,1% YoY
• ▍Net income +3,9% YoY
• ▍Free cash flow −0,3% YoY
• ▍Net margin 46.9%

Revenue ¥9.15B, +4,3% YoY; Operating income +2,4% YoY.

• ▍Revenue ¥9.15B, +4,3% YoY
• ▍Operating income +2,4% YoY
• ▍Net income +2,5% YoY
• ▍Free cash flow +97,8% YoY
• ▍Net margin 46.8%

Revenue ¥8.76B, −9,0% YoY; Operating income −18,9% YoY.

• ▍Revenue ¥8.76B, −9,0% YoY
• ▍Operating income −18,9% YoY
• ▍Net income −22,3% YoY
• ▍Free cash flow −955,0% YoY
• ▍Net margin 47.6%

Revenue ¥9.63B, +42,6% YoY; Operating income +52,7% YoY.

• ▍Revenue ¥9.63B, +42,6% YoY
• ▍Operating income +52,7% YoY
• ▍Net income +61,7% YoY
• ▍Free cash flow +94,7% YoY
• ▍Net margin 55.8%