Obermatt

Starts

TYO:8850 · JP3399200009
Real Estate Management & DevelopmentLarge

360

89
EV / EBIT100
Price / Owner Earnings40
Owner Earnings Yield82
Dividend Yield49
Price/Sales78
EV / Gross Profit95
Price/Book58
Return on Capital95
Cash Return on Capital77
Return on Equity76
EBIT Margin28
Gross Profitability91
Cash Conversion35
Accruals11
Owner Earnings Margin35
Sales growth79
Profit Growth67
Long-Term EPS Growth34
Owner Earnings Growth30
Reinvestment40
Price momentum43
Debt load72
Refinancing20
Debt Payback100
Liquidity94
Analyst ratings1
Expectations trend50
Market mood10
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Starts clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryJapan
IndustryReal Estate Management & Development
SizeLarge
TypePublic Company
ExchangeTSE
Employees15
ISINJP3399200009
Last UpdateApr 2, 2026
Index & Theme
Assisted LivingLifestyleReal Estate Technology

Description

Analysis

Bargain bin

Starts Corporation Inc. falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 11.6× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Some accounting patterns deserve a closer look. Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
71
2023202420252026

All-time high

100

Jan 2025

All-time low

71

Jun 2026

Average rank

90

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
78
91
89
91
Price/Earnings
89
93
95
93
Price/Book
58
48
61
58
Dividend Yield
49
21
55
51
Value (overall)
82
77
92
91

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →