| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 403.39 | 1 |
| Intrinsic value (DCF) | 241.49 | -39 |
| Graham-Dodd Method | 482.02 | 21 |
| Graham Formula | n/a |
Cumica Corporation (formerly Riberesute Corporation) is a Japanese real estate and construction company headquartered in Soka, Japan. Founded in 1970, Cumica specializes in the development and sale of condominiums, residential lots, and business properties, alongside construction services for general housing, commercial facilities, and business facilities. The company also offers real estate brokerage, rental management, and building renovation services. Operating primarily in Japan, Cumica plays a significant role in the domestic real estate development sector, leveraging its expertise in property development and construction to meet diverse market demands. With a market capitalization of approximately ¥3.93 billion, Cumica remains a niche player in Japan's competitive real estate landscape, focusing on sustainable growth and value creation for stakeholders.
Cumica Corporation presents a mixed investment profile. On the positive side, the company maintains a strong cash position (¥5.81 billion) relative to its market cap (¥3.93 billion), providing financial flexibility. Its low beta (0.008) suggests minimal correlation with broader market volatility, making it a potentially stable holding. However, the company's modest net income (¥212.8 million) and revenue (¥4.77 billion) indicate limited profitability and growth scalability. The real estate sector in Japan faces demographic and economic headwinds, which could constrain long-term performance. Investors may find Cumica attractive for its dividend yield (¥12 per share) and conservative balance sheet, but growth-oriented investors might seek larger, more diversified real estate developers.
Cumica Corporation operates in Japan's highly competitive real estate development sector, where it competes with both large conglomerates and regional players. The company's competitive advantage lies in its integrated business model, combining property development, construction, and real estate services under one umbrella. This allows Cumica to control project timelines and costs effectively. However, its small market cap and regional focus limit its ability to compete with larger developers in terms of scale and diversification. Cumica's strength in residential and small-scale commercial projects differentiates it from mega-developers that focus on large urban redevelopments. The company's low leverage (total debt of ¥3.21 billion against cash reserves of ¥5.81 billion) provides resilience but may also indicate underutilized growth potential. In a market dominated by giants like Mitsui Fudosan and Sumitomo Realty, Cumica must rely on niche projects and operational efficiency to maintain profitability.