Japan Property Management Center Co Ltd

Japan Property Management Center Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to ¥7.17 billion, which is significantly higher than its long-term debt of ¥2.01 billion. The company's liquidity ratio of 2.08 indicates a solid ability to meet short-term obligations. The price-to-book ratio of 2.45 suggests that the market values the company at a premium to its book value, reflecting investor confidence in its asset base and operational performance.

In terms of profitability, the company's return on equity (ROE) of 5.15% and return on assets (ROA) of 2.52% are below the industry median for real estate firms, which typically report ROE in the range of 6-8% and ROA of 3-4%. This indicates that the company is underperforming relative to its peers in terms of capital efficiency and asset utilization. The operating margin of 4.8% is also below the industry median of 6.2%, suggesting that the company may be facing cost pressures or pricing challenges.

The company's revenue is concentrated in Japan, with no disclosed international operations. This geographic concentration exposes the company to local economic conditions and regulatory changes, which could impact its revenue stability. The company's largest segment is property management, which accounts for the majority of its revenue.

Looking ahead, the company is expected to see a modest increase in revenue, with analysts forecasting a mean revenue estimate of ¥59.8 billion for the current fiscal year, compared to actual revenue of ¥58.5 billion in the previous year. This represents a year-over-year growth of approximately 2.1%. The company's earnings per share (EPS) are also expected to rise, with a mean estimate of ¥119.70 compared to the actual EPS of ¥107.24.

The company's risk profile is characterized by low liquidity and dilution risks. The absence of immediate filing-based liquidity or dilution flags suggests that the company is not currently facing significant financial distress or equity issuance pressures. The debt-to-equity ratio of 0.22 indicates a conservative capital structure, with a relatively low reliance on debt financing. The company has not made any recent equity issuances or announced plans for future dilution, which supports the low dilution risk assessment.

Recent events, including filings and transcripts, have not revealed any material changes in the company's operations or financial strategy. The company's capital expenditure of -¥146.9 million indicates a reduction in investment in property development, which may be a strategic shift toward more efficient asset management.

Net income grew at an 11.6% CAGR over four years, demonstrating strong historical profitability expansion.

Return on equity of 5.15% significantly exceeds the 1.94% cohort median, indicating superior capital efficiency.

Debt-to-equity ratio of 0.22 is well below the 0.52 cohort median, reflecting a conservative capital structure.

Cash conversion of 2.54 ranks in the top quartile, highlighting exceptional operational cash generation.

Operating income increased 1.9% year-over-year to JPY 2.71 billion, showing resilience despite revenue decline.

Revenue declined 0.8% year-over-year to JPY 58.5 billion, signaling stagnation in top-line growth.

Net income fell 1.7% year-over-year to JPY 1.8 billion, marking a reversal in profit growth trends.

Revenue ¥14.95B, +3,3% YoY; Operating income +16,3% YoY.

• ▍Revenue ¥14.95B, +3,3% YoY
• ▍Operating income +16,3% YoY
• ▍Net income +11,7% YoY
• ▍Net margin 3.8%

Revenue ¥14.70B, −3,6% YoY; Operating income −35,8% YoY.

• ▍Revenue ¥14.70B, −3,6% YoY
• ▍Operating income −35,8% YoY
• ▍Net income −35,6% YoY
• ▍Net margin 2.3%

Revenue ¥14.58B, −0,1% YoY; Operating income +1,7% YoY.

• ▍Revenue ¥14.58B, −0,1% YoY
• ▍Operating income +1,7% YoY
• ▍Net income +2,7% YoY
• ▍Net margin 3.4%

Revenue ¥14.76B, +0,2% YoY; Operating income +14,5% YoY.

• ▍Revenue ¥14.76B, +0,2% YoY
• ▍Operating income +14,5% YoY
• ▍Net income −3,6% YoY
• ▍Net margin 3.1%

Revenue ¥14.47B; Operating income ¥716.1M.

• ▍Revenue ¥14.47B
• ▍Operating income ¥716.1M
• ▍Net margin 3.6%

Revenue ¥15.24B; Operating income ¥720.4M.

• ▍Revenue ¥15.24B
• ▍Operating income ¥720.4M
• ▍Net margin 3.5%

Revenue ¥14.59B; Operating income ¥713.6M.

• ▍Revenue ¥14.59B
• ▍Operating income ¥713.6M
• ▍Net margin 3.3%

Revenue ¥14.73B; Operating income ¥705.7M.

• ▍Revenue ¥14.73B
• ▍Operating income ¥705.7M
• ▍Net margin 3.2%

Revenue ¥58.50B, −0,8% YoY; Operating income +1,9% YoY.

• ▍Revenue ¥58.50B, −0,8% YoY
• ▍Operating income +1,9% YoY
• ▍Net income −1,7% YoY
• ▍Free cash flow −17,4% YoY
• ▍Net margin 3.1%

Revenue ¥58.99B, +2,9% YoY; Operating income +3,5% YoY.

• ▍Revenue ¥58.99B, +2,9% YoY
• ▍Operating income +3,5% YoY
• ▍Net income +0,8% YoY
• ▍Free cash flow +391,5% YoY
• ▍Net margin 3.1%

Revenue ¥57.35B, +2,0% YoY; Operating income +9,1% YoY.

• ▍Revenue ¥57.35B, +2,0% YoY
• ▍Operating income +9,1% YoY
• ▍Net income +14,3% YoY
• ▍Free cash flow −67,9% YoY
• ▍Net margin 3.2%

Revenue ¥56.23B, +5,3% YoY; Operating income +46,5% YoY.

• ▍Revenue ¥56.23B, +5,3% YoY
• ▍Operating income +46,5% YoY
• ▍Net income +36,9% YoY
• ▍Free cash flow +9,7% YoY
• ▍Net margin 2.8%