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KATITAS TSE:8919 Stock Report

Last Price


Market Cap







18 May, 2022


Company Financials +
8919 fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance2/6
Financial Health5/6

8919 Stock Overview

KATITAS CO., Ltd. purchases, remodels, and sells used homes to individuals and families in Japan.

KATITAS Competitors













Price History & Performance

Summary of all time highs, changes and price drops for KATITAS
Historical stock prices
Current Share PriceJP¥2,747.00
52 Week HighJP¥4,850.00
52 Week LowJP¥2,609.00
1 Month Change-14.42%
3 Month Change-18.00%
1 Year Change-7.41%
3 Year Change40.69%
5 Year Changen/a
Change since IPO232.97%

Recent News & Updates

Shareholder Returns

8919JP Real EstateJP Market

Return vs Industry: 8919 underperformed the JP Real Estate industry which returned -1.3% over the past year.

Return vs Market: 8919 underperformed the JP Market which returned -2.9% over the past year.

Price Volatility

Is 8919's price volatile compared to industry and market?
8919 volatility
8919 Average Weekly Movement6.2%
Real Estate Industry Average Movement3.9%
Market Average Movement4.6%
10% most volatile stocks in JP Market9.2%
10% least volatile stocks in JP Market2.5%

Stable Share Price: 8919 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 8919's weekly volatility (6%) has been stable over the past year.

About the Company

1978808Katsutoshi Arai

KATITAS CO., Ltd. purchases, remodels, and sells used homes to individuals and families in Japan. It offers its services through approximately 100 branches. The company was formerly known as Yasuragi Co., Ltd.

KATITAS Fundamentals Summary

How do KATITAS's earnings and revenue compare to its market cap?
8919 fundamental statistics
Market CapJP¥205.60b
Earnings (TTM)JP¥6.85b
Revenue (TTM)JP¥101.27b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8919 income statement (TTM)
Cost of RevenueJP¥76.62b
Gross ProfitJP¥24.65b
Other ExpensesJP¥17.80b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)88.59
Gross Margin24.34%
Net Profit Margin6.76%
Debt/Equity Ratio56.5%

How did 8919 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is KATITAS undervalued compared to its fair value and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 8919 (¥2747) is trading below our estimate of fair value (¥4854.84)

Significantly Below Fair Value: 8919 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 8919 is poor value based on its PE Ratio (31x) compared to the JP Real Estate industry average (10.4x).

PE vs Market: 8919 is poor value based on its PE Ratio (31x) compared to the JP market (12.1x).

Price to Earnings Growth Ratio

PEG Ratio: 8919 is poor value based on its PEG Ratio (2.1x)

Price to Book Ratio

PB vs Industry: 8919 is overvalued based on its PB Ratio (6.5x) compared to the JP Real Estate industry average (1x).

Future Growth

How is KATITAS forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8919's forecast earnings growth (14.8% per year) is above the savings rate (0.02%).

Earnings vs Market: 8919's earnings (14.8% per year) are forecast to grow faster than the JP market (8.6% per year).

High Growth Earnings: 8919's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8919's revenue (9.7% per year) is forecast to grow faster than the JP market (4.1% per year).

High Growth Revenue: 8919's revenue (9.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 8919's Return on Equity is forecast to be high in 3 years time (23.6%)

Past Performance

How has KATITAS performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 8919 has a high level of non-cash earnings.

Growing Profit Margin: 8919's current net profit margins (6.8%) are lower than last year (7.6%).

Past Earnings Growth Analysis

Earnings Trend: 8919's earnings have grown by 12.8% per year over the past 5 years.

Accelerating Growth: 8919's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8919 had negative earnings growth (-8%) over the past year, making it difficult to compare to the Real Estate industry average (19.4%).

Return on Equity

High ROE: 8919's Return on Equity (20.9%) is considered high.

Financial Health

How is KATITAS's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 8919's short term assets (¥60.8B) exceed its short term liabilities (¥11.3B).

Long Term Liabilities: 8919's short term assets (¥60.8B) exceed its long term liabilities (¥18.6B).

Debt to Equity History and Analysis

Debt Level: 8919's net debt to equity ratio (15.5%) is considered satisfactory.

Reducing Debt: 8919's debt to equity ratio has reduced from 134% to 56.5% over the past 5 years.

Debt Coverage: 8919's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 8919's interest payments on its debt are well covered by EBIT (75.9x coverage).

Balance Sheet


What is KATITAS current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 8919's dividend (1.77%) is higher than the bottom 25% of dividend payers in the JP market (1.62%).

High Dividend: 8919's dividend (1.77%) is low compared to the top 25% of dividend payers in the JP market (3.64%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 8919 has been paying a dividend for less than 10 years.

Growing Dividend: 8919's dividend payments have increased, but the company has only paid a dividend for 4 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.8%), 8919's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 8919 is paying a dividend but the company has no free cash flows.

Next Steps


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


Average board tenure


Katsutoshi Arai

no data


Mr. Katsutoshi Arai serves as the Chief Executive Officer and President at KATITAS Co., Ltd.

Board Members

Experienced Board: 8919's board of directors are considered experienced (4.9 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

KATITAS CO., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: KATITAS CO., Ltd.
  • Ticker: 8919
  • Exchange: TSE
  • Founded: 1978
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: JP¥205.595b
  • Shares outstanding: 77.26m
  • Website:

Number of Employees


  • KATITAS CO., Ltd.
  • 4-2 Mihara-cho
  • Kiryu
  • Gunma
  • 376-0025
  • Japan


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Annual Earnings2022/03/31

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.