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Mainichi Comnet TSE:8908 Stock Report

Last Price


Market Cap







02 Jul, 2022


Company Financials
8908 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health4/6

8908 Stock Overview

Mainichi Comnet Co., Ltd. engages in the real estate business in Japan.

Mainichi Comnet Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mainichi Comnet
Historical stock prices
Current Share PriceJP¥639.00
52 Week HighJP¥805.00
52 Week LowJP¥631.00
1 Month Change-6.99%
3 Month Change-11.74%
1 Year Change-12.71%
3 Year Change-12.94%
5 Year Change-13.77%
Change since IPO590.81%

Recent News & Updates

Shareholder Returns

8908JP Real EstateJP Market

Return vs Industry: 8908 underperformed the JP Real Estate industry which returned -1% over the past year.

Return vs Market: 8908 underperformed the JP Market which returned -7% over the past year.

Price Volatility

Is 8908's price volatile compared to industry and market?
8908 volatility
8908 Average Weekly Movement2.7%
Real Estate Industry Average Movement3.7%
Market Average Movement4.2%
10% most volatile stocks in JP Market8.4%
10% least volatile stocks in JP Market2.2%

Stable Share Price: 8908 is less volatile than 75% of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 8908's weekly volatility (3%) has been stable over the past year.

About the Company

1972248Mamoru Ito

Mainichi Comnet Co., Ltd. engages in the real estate business in Japan. The company is involved in the planning, design supervision, and development of real estate; property management of student condominiums and university dormitories; real estate brokerage and consulting business related to real estate use; and production of advertising materials for real estate tenant recruitment, as well as advertising agency business. It also plans and arranges training camps and trips; plans and manages various sports competitions and international exchange programs; and offers job hunting support, employment seminars, and driving school placement services.

Mainichi Comnet Fundamentals Summary

How do Mainichi Comnet's earnings and revenue compare to its market cap?
8908 fundamental statistics
Market CapJP¥11.50b
Earnings (TTM)JP¥1.28b
Revenue (TTM)JP¥19.93b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8908 income statement (TTM)
Cost of RevenueJP¥14.47b
Gross ProfitJP¥5.46b
Other ExpensesJP¥4.17b

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

Jul 13, 2022

Earnings per share (EPS)71.33
Gross Margin27.37%
Net Profit Margin6.44%
Debt/Equity Ratio139.4%

How did 8908 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 8908 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8908?

Other financial metrics that can be useful for relative valuation.

8908 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA6.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 8908's PE Ratio compare to its peers?

8908 PE Ratio vs Peers
The above table shows the PE ratio for 8908 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.4x
3242 Urbanet CorporationLtd
8931 Wadakohsan
8908 Mainichi Comnet

Price-To-Earnings vs Peers: 8908 is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (9.4x).

Price to Earnings Ratio vs Industry

How does 8908's PE Ratio compare vs other companies in the JP Real Estate Industry?

Price-To-Earnings vs Industry: 8908 is good value based on its Price-To-Earnings Ratio (9x) compared to the JP Real Estate industry average (9.9x)

Price to Earnings Ratio vs Fair Ratio

What is 8908's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8908 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8908's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 8908 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8908 (¥639) is trading below our estimate of fair value (¥1963.06)

Significantly Below Fair Value: 8908 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8908's PEG Ratio to determine if it is good value.

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Future Growth

How is Mainichi Comnet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mainichi Comnet has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether Mainichi Comnet is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Mainichi Comnet performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 8908 has high quality earnings.

Growing Profit Margin: 8908's current net profit margins (6.4%) are higher than last year (3%).

Past Earnings Growth Analysis

Earnings Trend: 8908's earnings have declined by 0.7% per year over the past 5 years.

Accelerating Growth: 8908's earnings growth over the past year (174.4%) exceeds its 5-year average (-0.7% per year).

Earnings vs Industry: 8908 earnings growth over the past year (174.4%) exceeded the Real Estate industry 16.1%.

Return on Equity

High ROE: 8908's Return on Equity (13.3%) is considered low.

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Financial Health

How is Mainichi Comnet's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 8908's short term assets (¥20.0B) exceed its short term liabilities (¥8.0B).

Long Term Liabilities: 8908's short term assets (¥20.0B) exceed its long term liabilities (¥9.9B).

Debt to Equity History and Analysis

Debt Level: 8908's net debt to equity ratio (62.1%) is considered high.

Reducing Debt: 8908's debt to equity ratio has increased from 95.5% to 139.4% over the past 5 years.

Debt Coverage: 8908's debt is well covered by operating cash flow (20.4%).

Interest Coverage: 8908's interest payments on its debt are well covered by EBIT (28.7x coverage).

Balance Sheet

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What is Mainichi Comnet current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 8908's dividend (4.38%) is higher than the bottom 25% of dividend payers in the JP market (1.69%).

High Dividend: 8908's dividend (4.38%) is in the top 25% of dividend payers in the JP market (3.74%)

Stability and Growth of Payments

Stable Dividend: 8908's dividends per share have been stable in the past 10 years.

Growing Dividend: 8908's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (39.3%), 8908's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (20.5%), 8908's dividend payments are well covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Mamoru Ito (71 yo)



Mamoru Ito has been the President and Representative Director of Mainichi Comnet Co. Ltd. since April 1979. Mamoru Ito has been the President and Representative Director of K.K.Gakusei Service Plaza sinc...

Leadership Team

Experienced Management: 8908's management team is seasoned and experienced (14.4 years average tenure).

Board Members

Experienced Board: 8908's board of directors are seasoned and experienced ( 14.4 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Mainichi Comnet Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: Mainichi Comnet Co., Ltd.
  • Ticker: 8908
  • Exchange: TSE
  • Founded: 1972
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Implied Market Cap: JP¥11.502b
  • Shares outstanding: 18.00m
  • Website:

Number of Employees


  • Mainichi Comnet Co., Ltd.
  • Otemachi Nomura Building
  • 15th Floor
  • Tokyo
  • 100-0004
  • Japan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2021/05/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.