J.S.B.Co.,Ltd.

3480 株式会社ジェイ・エス・ビー

Real Estate · Prime · TSE: Disclosed

PRICE: ¥6,930 · MKT CAP: ¥146.6B · P/E: 28.4x · P/B: 3.51x · DIV YIELD: 1.5%

PRICE — 5Y

Characteristics & Business Summary

J.S.B.Co.,Ltd., together with its subsidiaries, engages in the planning, development, brokerage, placement, and management of student apartments in Japan. It operates through Real Estate Leasing and Management; and Other segments. The company is involved in...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	48,058	52,788	57,923	63,781	69,530	76,046
Operating Profit	4,338	5,338	6,312	7,187	8,107	7,659
Ordinary Profit	4,249	5,204	6,190	7,074	7,886	7,348
Net Profit	2,762	3,253	4,304	4,775	7,453	5,151
EPS	¥287	¥310	¥411	¥453	¥352	¥243
DPS	¥34	¥35	¥44	¥32	¥72	¥105

Balance Sheet & Valuation Highlights

Total Assets ¥89B

Net Assets (Equity) ¥42B

Equity Ratio 46.8%

ROE (Return on Equity) 12.6%

Cash & Equivalents ¥17B

Interest-Bearing Debt ¥30B

Capital Expenditure (CapEx) ¥10B

Depreciation & Amort. ¥2B

Major Shareholders

1. 岡靖子 34.0%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 8.1%
3. UH Partners ２投資事業有限責任組合 7.5%
4. Hikari Tsushin, Inc. 5.8%
5. OMインベストメント㈱ 5.4%
6. ㈱UH Partners ３ 3.9%
7. Japan Custody Bank 2.6%
8. Citibank, N.A. 2.6%
9. ㈱シティビルサービス 1.9%
10. BBH FOR BBHTSIL NEUBERGER BERMAN INVESTMENT FUNDS PLC－NEUBERGER BERMAN JAPAN EQUITY ENGAGEMENT FUND （常任代理人株式会社三菱UFJ銀行） 1.7%

Activist Activity

Hikari Tsushin K.K. 18.37%

2026-03-19 · change

Neuberger Berman East Asia Limited 7.46%

2026-01-05 · change

Neuberger Berman East Asia Limited 6.44%

2025-10-01 · change

Neuberger Berman East Asia Limited 6.44%

2025-10-01 · correction

Hikari Tsushin K.K. 17.36%

2025-09-26 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥5,001	¥5,023	¥5,526	¥6,057	¥3,282	¥3,594
FCF/Share	¥32	¥-181	¥-115	¥-434	¥-48	¥-174
EPS	¥287	¥310	¥411	¥453	¥352	¥243
DPS	¥34	¥35	¥44	¥32	¥72	¥105
Capital Spending per share	¥488	¥649	¥692	¥1,027	¥434	¥495
Book Value per share	¥1,752	¥2,153	¥2,508	¥2,884	¥1,758	¥1,932
Common Shares Outstanding	10M	11M	10M	11M	21M	21M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥48B	¥53B	¥58B	¥64B	¥70B	¥76B
Operating Margin (%)	9.0%	10.1%	10.9%	11.3%	11.7%	10.1%
Net Profit (owners)	¥3B	¥3B	¥4B	¥5B	¥7B	¥5B
Net Profit Margin (%)	5.7%	6.2%	7.4%	7.5%	10.7%	6.8%
Working Capital	¥-12B	¥-13B	¥-16B	¥-22B	¥-22B	¥-27B
Total Debt (Interest-bearing)	¥13B	¥16B	¥20B	¥22B	¥26B	¥30B
Net Worth (Common Equity)	¥17B	¥23B	¥26B	¥30B	¥37B	¥41B
Return on Total Assets (ROA)	6.9%	6.5%	7.3%	7.2%	9.3%	5.8%
Return on Common Equity (ROE)	16.4%	14.4%	16.4%	15.7%	20.0%	12.6%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.