Ki-Star Real Estate Co.,Ltd

Ki-Star Real Estate Co.,Ltd

3465.T
Ki-Star Real Estate Co.,LtdJP flagTokyo Stock Exchange
3,695.00
JPY
-30.00
- -
114.71BMarket Cap
Ki-Star Real Estate Co.,Ltd
3465.T
(Tokyo Stock Exchange)

Recent

price

3,695.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,408.44
1,524.12
1,800.72
2,256.04
3,633.21
4,253.03
5,487.7
6,105.14
7,664.91
8,977.9
11,024.48
- -
5,021.04
Revenue per Share
26.69
65.05
101.67
119.44
121.94
126.3
268.35
488.25
375.38
213.85
285.21
- -
120.92
Basic EPS, GAAP
-137.37
267.35
33.23
-564.5
4.44
-104.91
405.88
-712.04
-539.03
-510.32
-34.63
- -
- -
Free Cash Flow per Basic Share
8.55
7.16
17.5
49.55
39.1
42.09
39.13
105.1
145.66
104.63
64.27
- -
- -
Dividend per Share
226.81
285.37
310.21
409.49
492.81
576.99
806.22
1,272.82
1,448
1,558.42
1,802.49
- -
1,650.35
Book Value per Share
276
350.71
403.27
473.36
552.48
649.32
964.83
1,585.3
1,761.23
1,913.06
2,198.89
- -
2,013.55
Tangible Book Value per Share
23
25
28
28
28
28
28
30
32
32
31
- -
31
Basic Weighted Avg Shares
32,295
38,749
51,258
64,107
103,119
120,711
155,753
184,388
241,879
283,084
342,553
393,905
157,600
Sales/Revenue/Turnover
10.81
12.07
8.22
8.27
5.77
5.32
8.07
12.83
7.93
4.01
5.04
6.85
4.26
Operating Margin (%)
301
216
277
222
268
450
480
540
558
585
553
659
- -
Depreciation Expense
612
1,654
2,894
3,394
3,461
3,585
7,616
14,746
11,846
6,743
8,862
15,355
3,795
Net Income, GAAP
43.43
33
28.64
31.91
32.71
30.57
31.58
30.97
31.25
26.64
32.08
32.16
27.22
Effective Tax Rate (%)
1.89
4.27
5.65
5.29
3.36
2.97
4.89
8
4.9
2.38
2.59
3.9
2.41
Profit Margin (%)
11,397
12,204
11,553
11,946
16,688
19,234
34,520
64,034
72,873
95,240
120,126
143,071
120,027
Working Capital
9,678
5,809
2,870
2,144
6,667
6,405
13,172
22,314
23,999
44,601
68,439
76,517
69,749
LT Debt
6,388
8,977
11,776
13,857
17,080
19,848
29,219
49,038
56,528
61,023
68,801
82,982
63,774
Total Equity
- -
11.93
11
8.86
6.68
6.13
10.11
13.96
8.43
4.29
4.96
6.43
2.15
Return on Invested Capital (%)
- -
7.76
12.21
9
5.9
4.97
8.8
12.89
8
3.62
3.93
5.92
1.67
Return on Capital (%)
- -
26.55
35.98
33.17
27.02
23.61
38.8
48.09
28.16
14.22
16.86
24.68
7.66
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
109,758
- -
105,538
LT Borrowings
44,563
- -
69,681
LT Finance Leases
38
- -
68
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
- -
31
Market Capitalization
60,821
55,164
61,363

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
235,041
- -
258,061
Cash, Cash Equivalents & STI
56,046
- -
47,028
Accounts Receivable, Net
331
- -
154
Inventories
170,532
- -
204,442
Total Current Liabilities
139,801
- -
138,034
Payables & Accruals
- -
- -
- -
ST Debt
109,758
- -
105,538
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.99%
24.88%
20.61%
Free Cash Flow
-284.21%
417.76%
2,495.07%
Net Income, GAAP
34.58%
27.11%
73.27%
Sales/Revenue/Turnover
26.69%
20.52%
14.99%
Total Cash Common Dividend
54.52%
41.88%
46.42%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
61,096
64,389
72,138
85,462
283,084
2025
- -
- -
- -
- -
342,553
2026
- -
- -
- -
- -
393,905

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
65.94
- -
- -
- -
213.85
2025
- -
- -
- -
- -
285.21
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
104.63
2025
- -
- -
- -
- -
64.27
2026
- -
- -
- -
- -
- -
Business
Ki-Star Real Estate Co., Ltd. engages primarily in the development, construction, and sale of detached housing, custom-built housing, condominiums, and associated land parcels throughout Japan; it also provides real estate brokerage, property management, asset management, residential land development, pre-owned housing sales, real estate leasing, civil engineering, and renovation services. The company operates through key segments including homebuilding and sales, custom-built housing, and others encompassing renovation, apartment buildings, income-producing real estate, recurring revenue businesses such as KEIAI House Support, and condominium sales; subsidiaries and affiliates support specialized operations like Yokatown in Fukuoka for condominiums and land, Asahi Housing and Fresco in Kanagawa and Chiba for condominiums, custom homes, and land, and Shinyamagata Hometech and Takasugi in the custom-built housing domain. Founded in November 1990 and headquartered in Honjo City, Saitama Prefecture, Japan, with a Tokyo head office and 198 consolidated offices across 25 prefectures as of June 2024, Ki-Star Real Estate maintains a nationwide presence concentrated in high-demand regions such as southern Kanto, Kinki, Kyushu, Tohoku, Tokai, Chugoku, Hokkaido, and Yamagata, while expanding internationally through KEIAI Group entities including operations in Australia via MunCorp Pty Ltd for residential land development mainly in Melbourne and KI-Star Real Estate America, Inc., established in December 2023 for U.S. market studies focused on Texas. Recent strategic developments include the acquisition of Shinyamagata Hometech in April 2024 and Takasugi in May or July 2024 to bolster the custom-built housing segment with brands like IKI one-story houses emphasizing sustainability features such as Japanese lumber and solar systems; an equity and business alliance with Home Position Co., Ltd. in September 2024 via third-party allotment, designating it an equity-method affiliate to enhance market share; new branch openings in Sapporo, Hokkaido, and Yamagata in fiscal year ending March 2025; launches of income-producing real estate business in January 2024 targeting high-return urban apartment buildings, renovation services via KEIAI Remodeling and RINOBEPRO with model houses in Tochigi and Ibaraki, and KEIAI House Support surpassing 2,000 paying members by mid-2024; ongoing Australian projects exceeding 400 home lots with a Deanside development of 106 lots and U.S. expansion initiatives; alongside a share repurchase program concluded in 2024 acquiring 292,200 shares for 1 billion yen and Medium-term Plan 2028 targeting consolidated net sales of 500 billion yen by fiscal 2028 through portfolio optimization, M&A, and double-digit annual growth.