8946.T

The company maintains a relatively strong liquidity position, with cash and equivalents amounting to ¥1.22 billion, which is a significant portion of its total assets of ¥4.02 billion. The liquidity FPT (free cash flow to total liabilities) is not explicitly provided, but the free cash flow of ¥164.4 million suggests a modest capacity to service liabilities. The current ratio of 1.93 indicates that the company has sufficient current assets to cover its current liabilities, supporting a low liquidity risk assessment.

Profitability metrics show a return on equity (ROE) of 4.81% and a return on assets (ROA) of 2.81%. These figures are below the industry median for ROE and ROA in the real estate sector, which typically ranges between 6% and 8% for ROE and 3% to 5% for ROA. The company's operating income of ¥173.3 million and net income of ¥113.1 million reflect a relatively narrow margin, with a debt-to-equity ratio of 0.35 indicating a conservative capital structure.

The company's revenue is not segmented by geographic region or business line in the provided data, but the single revenue stream suggests a concentration risk. The absence of disclosed geographic diversification implies that the company's performance is closely tied to the local real estate market, which could be vulnerable to regional economic shifts.

The company's growth trajectory is modest, with no significant revenue growth or decline reported in the latest financial period. The operating cash flow is negative at ¥204.6 million, which may indicate that the company is investing in long-term assets or facing temporary operational challenges. The capital expenditure of ¥10.9 million is relatively small, suggesting a conservative approach to expansion.

The risk assessment indicates a low probability of dilution and no immediate liquidity concerns. The company's low debt-to-equity ratio and strong current ratio support this assessment. However, the negative operating cash flow could be a red flag if it persists, as it may signal underlying operational inefficiencies or increased investment in property development.

Recent events, including the latest financial filing, show stable performance with no major deviations in revenue or earnings. The company's last actual EPS was ¥4.77, and the last actual revenue was ¥4.54 billion, aligning with analyst estimates. No significant events or disclosures were identified in the latest filings that would suggest a change in the company's strategic direction or financial health.