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Starts Corporation Inc. (8850.T)

JPY4,755.00 -20.00 (-0.42%)
JP JPX Real Estate Real Estate - Diversified
Address STARTS Yaesu Chuo Building 103-0027
Tokyo, JP
CEO Hisaji Muraishi
IPO 2000-01-04
ISIN JP3399200009

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Description

Starts Corporation Inc., founded in Tokyo in 1969, operates globally with a wide range of activities spanning construction, property administration, and tenant acquisition. The company specializes in the design and construction oversight of seismic-isolated buildings, in addition to executing urban revitalization and Public-Private Partnership (PFI) projects. Within real estate, they facilitate property transactions, including the sale of commercial structures, condominiums, and detached houses, and provide Corporate Real Estate (CRE) strategies and housing management solutions for business clients. Their extensive property management services cover residential, parking, office, and retail facilities, complemented by offerings like card key and home security systems. Starts Corporation also delivers asset management consultation and oversees J-REIT management. Furthermore, the company diversifies into media and hospitality, publishing lifestyle magazines and digital novels, managing the OZmall online platform, and organizing events. They are also involved in developing and operating hotels, traditional Japanese inns, and golf courses. A significant portion of their business is dedicated to social care, managing around 100 facilities such as nursing homes, elder care residences, and licensed childcare centers, alongside offering referral services for senior care and childcare support. Lastly, they enhance residential properties by selling and installing various fixtures and fittings.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY4,755.00 -20.00 (-0.42%)
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Volume Profile
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Liquidity & share structure
Average Volume
68.5K
Beta
0.23
Float Shares
27.14M
Free Float %
57.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.64% -0.74% -7.71% -8.43% -2.71% -1.27% +9.62% +73.54% +75.23% +96.96% +2,609.92%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4,755.00
DCF (Unlevered) 11,698.26 +146.0%
DCF (Levered) 7,975.73 +67.7%
Ratings Trend (MoM)
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.84
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Diversified: +6.8%
    -0.2% Q1'26: +7.8% (vs Q1'25)
  • EPS growth Real Estate - Diversified: +19.8%
    +10.6% Q1'26: +24.8% (vs Q1'25)
  • FCF margin Real Estate - Diversified: +10.4%
    +9.0% Q1'26: +7.2% (vs Q1'25)
  • EBIT margin Real Estate - Diversified: +36.9%
    +15.6% Q1'26: +14.7% (vs Q1'25)
  • ROIC Real Estate - Diversified: +3.3%
    +16.9% Q1'26: +17.1% (vs Q1'25)
  • Share dilution Real Estate - Diversified: +0.0%
    -0.7% Q1'26: -1.0% (vs Q1'25)
  • Debt / EBITDA Real Estate - Diversified: 3.17×
    1.61× Q1'26: 1.38× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.48) × ERP
WACC = 77% × Ke + 23% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6,926.00 Current price: 4,755.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
156.75B
est: 153.00B (+2.5%)
160.17B
est: 163.23B (-1.9%)
180.81B
est: 182.33B (-0.8%)
168.87B
est: 166.03B (+1.7%)
195.18B
est: 199.25B (-2.0%)
209.09B
est: 204.40B (+2.3%)
198.96B
est: 196.70B (+1.2%)
196.58B
est: 195.20B (+0.7%)
233.87B
est: 232.50B (+0.6%)
233.41B
est: 235.94B (-1.1%)
232.98B
est: 230.00B (+1.3%)
251.00B
251.00B – 251.00B
+9.1% YoY
273.00B
273.00B – 273.00B
+8.8% YoY
282.00B
282.00B – 282.00B
+3.3% YoY
EBITDA
20.41B
est: 24.85B (-17.9%)
21.00B
est: 26.51B (-20.8%)
23.70B
est: 29.61B (-20.0%)
24.54B
est: 26.96B (-9.0%)
28.52B
est: 32.36B (-11.9%)
27.50B
est: 33.19B (-17.2%)
28.25B
est: 31.94B (-11.6%)
31.24B
est: 31.70B (-1.5%)
36.22B
est: 37.76B (-4.1%)
39.87B
est: 47.17B (-15.5%)
43.19B
est: 45.98B (-6.1%)
50.18B
50.18B – 50.18B
+9.1% YoY
54.58B
54.58B – 54.58B
+8.8% YoY
56.38B
56.38B – 56.38B
+3.3% YoY
EBIT
18.05B
est: 20.78B (-13.1%)
17.88B
est: 22.17B (-19.3%)
20.06B
est: 24.76B (-19.0%)
20.87B
est: 22.55B (-7.5%)
24.04B
est: 27.06B (-11.2%)
22.66B
est: 27.76B (-18.4%)
23.29B
est: 26.71B (-12.8%)
25.88B
est: 26.51B (-2.4%)
30.48B
est: 31.58B (-3.5%)
33.51B
est: 39.86B (-15.9%)
36.45B
est: 38.85B (-6.2%)
42.40B
42.40B – 42.40B
+9.1% YoY
46.12B
46.12B – 46.12B
+8.8% YoY
47.64B
47.64B – 47.64B
+3.3% YoY
Net Income
10.66B
est: 9.84B (+8.3%)
10.68B
est: 10.22B (+4.5%)
13.65B
est: 11.75B (+16.1%)
13.73B
est: 13.27B (+3.5%)
15.26B
est: 14.25B (+7.1%)
15.06B
est: 14.63B (+3.0%)
15.60B
est: 11.43B (+36.5%)
16.77B
est: 16.09B (+4.2%)
20.22B
est: 19.57B (+3.3%)
22.10B
est: 24.34B (-9.2%)
24.28B
est: 22.80B (+6.5%)
24.95B
24.95B – 24.95B
+9.4% YoY
27.44B
27.44B – 27.44B
+10.0% YoY
29.43B
29.43B – 29.43B
+7.3% YoY
SGA
26.39B
est: 26.82B (-1.6%)
16.69B
est: 28.61B (-41.7%)
30.42B
est: 31.96B (-4.8%)
31.87B
est: 29.10B (+9.5%)
34.92B
est: 34.92B (0.0%)
36.07B
est: 35.83B (+0.7%)
33.09B
est: 34.48B (-4.0%)
35.06B
est: 34.21B (+2.5%)
38.95B
est: 40.75B (-4.4%)
41.60B
est: 42.40B (-1.9%)
43.55B
est: 41.33B (+5.4%)
45.10B
45.10B – 45.10B
+9.1% YoY
49.06B
49.06B – 49.06B
+8.8% YoY
50.68B
50.68B – 50.68B
+3.3% YoY
EPS
207.45
est: 199.60 (+3.9%)
203.01
est: 207.30 (-2.1%)
259.41
est: 238.23 (+8.9%)
260.93
est: 268.95 (-3.0%)
290.15
est: 288.92 (+0.4%)
286.25
est: 296.52 (-3.5%)
296.24
est: 231.70 (+27.9%)
332.83
est: 326.20 (+2.0%)
407.07
est: 396.70 (+2.6%)
444.83
est: 506.32 (-12.1%)
492.14
est: 474.30 (+3.8%)
519.00
519.00 – 519.00
+9.4% YoY
570.90
570.90 – 570.90
+10.0% YoY
612.40
612.40 – 612.40
+7.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A 4/5 4/5 5/5 5/5 3/5 3/5 3/5
2026-05-11 A 4/5 4/5 5/5 5/5 3/5 3/5 3/5
2026-05-08 A 4/5 4/5 5/5 5/5 3/5 3/5 3/5
2026-05-07 A 4/5 4/5 5/5 5/5 3/5 3/5 3/5
2026-05-01 A 4/5 4/5 5/5 5/5 3/5 3/5 3/5
2026-04-30 A 4/5 4/5 5/5 5/5 3/5 3/5 3/5
2026-04-28 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-04-27 A+ 4/5 4/5 5/5 5/5 3/5 4/5 3/5
2026-04-24 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-22 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-21 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-20 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-17 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-16 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-15 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-14 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-13 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-10 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
13.16B
OE per share TTM
274.38
Owner's Yield
5.84%
Maintenance CapEx ratio
69.48%
Maint CapEx / Avg PPE
58.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
7.76M
Shares Outstanding
47.34M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Hideyuki Naoi Senior MD & Representative Director male
Hisaji Muraishi Executive Chairman male
Manabu Nakamatsu Managing Director & Director male
Takahiro Hasegawa MD, Head of General Affairs & Public Relations and Director male
Tamotsu Naoi MD, Head of Risk Management & Director male
Tarouo Saitou Senior MD & Director male
Toyotaka Muraishi President & Representative Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits