| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 309.75 | -55 |
| Intrinsic value (DCF) | 596.94 | -13 |
| Graham-Dodd Method | 648.67 | -5 |
| Graham Formula | 1269.07 | 85 |
gooddays holdings, Inc. is a Tokyo-based real estate services company specializing in housing property leasing and IT services. Founded in 2016, the company operates in Japan's competitive real estate market, focusing on residential leasing solutions. With a market capitalization of approximately ¥4.6 billion, gooddays holdings has demonstrated steady revenue growth, reporting ¥7.45 billion in revenue for FY 2024. The company's dual business model—combining real estate leasing with IT services—provides diversification and potential synergies in property management technology. As Japan's urban housing demand remains strong, particularly in Tokyo, gooddays holdings is well-positioned to capitalize on rental market trends. The company maintains a conservative financial structure with moderate debt (¥500 million) and a solid cash position (¥1.08 billion). Its dividend yield, while modest at ¥4 per share, reflects a balanced approach to capital allocation in this growth phase.
gooddays holdings presents a niche investment opportunity in Japan's residential leasing market, with the added diversification of IT services. The company's low beta (0.235) suggests defensive characteristics, potentially appealing to risk-averse investors. Financial metrics show profitability (¥300 million net income) but modest operating cash flow (¥36 million), constrained by significant capital expenditures (¥-541 million). The balance sheet appears stable with cash covering debt obligations. Key risks include Japan's declining population trends, competitive leasing markets, and the capital-intensive nature of real estate. The small market cap limits liquidity, while the IT services segment remains undeveloped in disclosures. Investors might find value in the company's Tokyo-focused operations and hybrid business model, but growth prospects appear tempered by macroeconomic headwinds in Japan's real estate sector.
gooddays holdings operates in two distinct competitive arenas: residential property leasing and IT services. In real estate, its small scale (¥7.45B revenue) limits bargaining power against larger Japanese property managers like Mitsui Fudosan. The company's competitive edge lies in localized Tokyo market knowledge and potentially more flexible leasing terms for niche residential segments. However, it lacks the diversified asset portfolios or REIT structures of major competitors. In IT services—likely supporting its property operations—the company doesn't disclose sufficient data to assess technological differentiation. Financial metrics reveal efficiency challenges: operating cash flow covers just 7% of capital expenditures, suggesting heavy reinvestment needs. The ¥500M debt is manageable but may constrain expansion versus cash-rich peers. Unlike many Japanese real estate firms, gooddays hasn't articulated clear redevelopment or value-add strategies. Its main advantages are a debt-to-equity ratio below industry averages and dual revenue streams, though IT contributions remain opaque. The company's 2016 founding means it lacks the long-term tenant relationships of established players, but may benefit from more modern property management systems.