Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥550, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 64% over the past three years. Announcement • Jun 28
CREAL Inc. to Report Q1, 2027 Results on Aug 14, 2026 CREAL Inc. announced that they will report Q1, 2027 results on Aug 14, 2026 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥494, the stock trades at a trailing P/E ratio of 9.2x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 62% over the past three years. New Risk • Jun 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.8b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (JP¥15.8b market cap, or US$99.3m). Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥60.54 (vs JP¥45.43 in FY 2025) Full year 2026 results: EPS: JP¥60.54 (up from JP¥45.43 in FY 2025). Revenue: JP¥37.8b (down 9.6% from FY 2025). Net income: JP¥1.94b (up 43% from FY 2025). Profit margin: 5.1% (up from 3.2% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥586, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 34% over the past three years. Announcement • May 15
CREAL Inc., Annual General Meeting, Jun 25, 2026 CREAL Inc., Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 9.9% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥846, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 13x in the Real Estate industry in Japan. Total returns to shareholders of 53% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥24.81 (vs JP¥2.32 in 3Q 2025) Third quarter 2026 results: EPS: JP¥24.81 (up from JP¥2.32 in 3Q 2025). Revenue: JP¥12.8b (up 157% from 3Q 2025). Net income: JP¥794.0m (up JP¥725.0m from 3Q 2025). Profit margin: 6.2% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,042, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 13x in the Real Estate industry in Japan. Total returns to shareholders of 155% over the past three years. New Risk • Jan 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Dec 24
CREAL Inc. to Report Q3, 2026 Results on Feb 13, 2026 CREAL Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Nov 18
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 91% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk High level of debt (91% net debt to equity). Declared Dividend • Nov 17
Dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 30th March 2026 Payment date: 10th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 2%. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,036, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 264% over the past three years. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥989, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 286% over the past three years. Announcement • Sep 04
CREAL Inc. to Report Q2, 2026 Results on Nov 14, 2025 CREAL Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥6,770, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 12x in the Real Estate industry in Japan. Total returns to shareholders of 494% over the past three years. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥30.84 (vs JP¥101 in 1Q 2025) First quarter 2026 results: EPS: JP¥30.84 (down from JP¥101 in 1Q 2025). Revenue: JP¥10.1b (down 27% from 1Q 2025). Net income: JP¥186.0m (down 69% from 1Q 2025). Profit margin: 1.8% (down from 4.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥5,000, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 395% over the past three years. Announcement • Jun 26
CREAL Inc. to Report Q1, 2026 Results on Aug 14, 2025 CREAL Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥227 (vs JP¥111 in FY 2024) Full year 2025 results: EPS: JP¥227 (up from JP¥111 in FY 2024). Revenue: JP¥41.8b (up 99% from FY 2024). Net income: JP¥1.35b (up 109% from FY 2024). Profit margin: 3.2% (up from 3.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥6,170, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 334% over the past three years. Announcement • May 15
CREAL Inc., Annual General Meeting, Jun 25, 2025 CREAL Inc., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥3,335, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 23% over the past year. Announcement • Apr 01
CREAL Inc. to Report Fiscal Year 2025 Results on May 15, 2025 CREAL Inc. announced that they will report fiscal year 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,600, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Real Estate industry in Japan. Total loss to shareholders of 25% over the past year. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥11.59 (vs JP¥17.31 in 3Q 2024) Third quarter 2025 results: EPS: JP¥11.59 (down from JP¥17.31 in 3Q 2024). Revenue: JP¥4.97b (up 4.9% from 3Q 2024). Net income: JP¥69.0m (down 32% from 3Q 2024). Profit margin: 1.4% (down from 2.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan. New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,170, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 43% over the past year. Announcement • Jan 17
CREAL Inc. to Report Q3, 2025 Results on Feb 14, 2025 CREAL Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,005, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 42% over the past year. New Risk • Dec 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.6b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥15.6b market cap, or US$99.2m). Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,155, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 14% over the past year. Announcement • Nov 14
CREAL Inc. (TSE:2998) agreed to acquire 7.96% stake in TAT Inc. from Nobuyuki Tabata, Takaaki Tabata, Yukako Kato, Eiji Kato and Sei Kato for approximately ¥270 million. CREAL Inc. (TSE:2998) agreed to acquire 7.96% stake in TAT Inc. from Nobuyuki Tabata, Takaaki Tabata, Yukako Kato, Eiji Kato and Sei Kato for approximately ¥270 million on November 14, 2024. A cash consideration of ¥266 million valued at ¥125000 per share will be paid by CREAL Inc.
For the period ending November 30, 2023, TAT Inc. reported total revenue of ¥1.53 billion, EBIT of ¥259.94 million and net income of ¥272.7 million. As of November 30, 2023, TAT Inc. reported total assets of ¥1.95 billion and total common equity of ¥426.63 million.
The expected completion of the transaction is December 2, 2024. Announcement • Oct 08
CREAL Inc. to Report Q2, 2025 Results on Nov 14, 2024 CREAL Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 19
First quarter 2025 earnings released: EPS: JP¥101 (vs JP¥37.40 in 1Q 2024) First quarter 2025 results: EPS: JP¥101 (up from JP¥37.40 in 1Q 2024). Revenue: JP¥13.8b (up 146% from 1Q 2024). Net income: JP¥599.0m (up 179% from 1Q 2024). Profit margin: 4.3% (up from 3.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥3,265, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 59% over the past year. Announcement • Jun 29
CREAL Inc. to Report Q1, 2025 Results on Aug 14, 2024 CREAL Inc. announced that they will report Q1, 2025 results on Aug 14, 2024 Announcement • Jun 13
Namba Minami Hotel LLC signed a letter of intent to acquire Nest & Rise Osaka Namba Hotel from CREAL Inc. (TSE:2998). Namba Minami Hotel LLC signed a letter of intent to acquire Nest & Rise Osaka Namba Hotel from CREAL Inc. (TSE:2998) on June 11, 2024. The expected completion of the transaction is June 28, 2024. Reported Earnings • May 21
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥111 (up from JP¥65.95 in FY 2023). Revenue: JP¥21.0b (up 28% from FY 2023). Net income: JP¥647.0m (up 93% from FY 2023). Profit margin: 3.1% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 28%. Announcement • May 17
CREAL Inc., Annual General Meeting, Jun 25, 2024 CREAL Inc., Annual General Meeting, Jun 25, 2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥4,670, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 13x in the Real Estate industry in Japan. Total returns to shareholders of 17% over the past year. Announcement • Apr 05
CREAL Inc. to Report Fiscal Year 2024 Results on May 15, 2024 CREAL Inc. announced that they will report fiscal year 2024 results on May 15, 2024 New Risk • Mar 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥5,120, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 13x in the Real Estate industry in Japan. Total returns to shareholders of 86% over the past year. Reported Earnings • Feb 19
Third quarter 2024 earnings released: EPS: JP¥17.31 (vs JP¥2.75 in 3Q 2023) Third quarter 2024 results: EPS: JP¥17.31 (up from JP¥2.75 in 3Q 2023). Revenue: JP¥4.74b (up 70% from 3Q 2023). Net income: JP¥101.0m (up JP¥87.0m from 3Q 2023). Profit margin: 2.1% (up from 0.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Real Estate industry in Japan. Announcement • Dec 28
CREAL Inc. to Report Q3, 2024 Results on Feb 14, 2024 CREAL Inc. announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥4,890, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 12x in the Real Estate industry in Japan. Total returns to shareholders of 229% over the past year. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,485, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 12x in the Real Estate industry in Japan. Total returns to shareholders of 130% over the past year. Announcement • Sep 28
CREAL Inc. to Report Q2, 2024 Results on Nov 14, 2023 CREAL Inc. announced that they will report Q2, 2024 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥3,695, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 214% over the past year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥4,870, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 12x in the Real Estate industry in Japan. Total returns to shareholders of 307% over the past year. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥37.40 (vs JP¥25.05 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥37.40 (up from JP¥25.05 loss in 1Q 2023). Revenue: JP¥5.62b (up 221% from 1Q 2023). Net income: JP¥215.0m (up JP¥322.0m from 1Q 2023). Profit margin: 3.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Real Estate industry in Japan. Announcement • Jun 30
CREAL Inc. to Report Q1, 2024 Results on Aug 14, 2023 CREAL Inc. announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,675, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 10x in the Real Estate industry in Japan. Total returns to shareholders of 240% over the past year. Announcement • Feb 02
CREAL Inc. announced that it expects to receive ¥1.0747 billion in funding from SBI Holdings, Inc. CREAL Inc. announced a private placement of 550,000 common shares at a price of ¥1,954 per share for gross proceeds of ¥1,074,700,000 on January 31, 2023. The transaction will include participation from SBI Holdings, Inc. The company followed third-party allotment method in the transaction. The transaction is expected to close on February 20, 2023. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥2,534, the stock trades at a trailing P/E ratio of 75.2x. Average trailing P/E is 9x in the Real Estate industry in Japan. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥2,237, the stock trades at a trailing P/E ratio of 66.4x. Average trailing P/E is 9x in the Real Estate industry in Japan. Announcement • Dec 28
CREAL Inc. to Report Q3, 2023 Results on Feb 14, 2023 CREAL Inc. announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,854, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 10x in the Real Estate industry in Japan. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,507, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 24x in the Software industry in Japan. Announcement • Aug 28
CREAL Inc. to Report Q2, 2023 Results on Nov 14, 2022 CREAL Inc. announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,098, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 24x in the Software industry in Japan. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,385, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 24x in the Software industry in Japan. Announcement • Jun 30
CREAL Inc. to Report Q1, 2023 Results on Aug 12, 2022 CREAL Inc. announced that they will report Q1, 2023 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,203, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 23x in the Software industry in Japan. Buying Opportunity • Jun 20
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,244, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last year. Earnings per share has grown by 225%. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,133, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 23x in the Software industry in Japan.