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Invincible Investment Corporation (8963.T)

JPY60,400.00 +700.00 (+1.17%)
JP JPX Real Estate REIT - Hotel & Motel
Address Roppongi Hills Mori Tower 103-0027
Tokyo, JP
CEO Naoki Fukuda
IPO 2006-08-01
ISIN JP3046190009

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Also trades on Other OTC · IVINF (USD) Tokyo Stock Exchange · 8963.T (JPY)
Description

Invincible Investment Corporation (INV) commenced operations in January 2002, established according to the provisions of the Investment Trust and Investment Corporation Act. While the company first appeared on the Osaka Securities Exchange in May 2004, a request for its delisting was filed in August 2007. Prior to that, in August 2006, INV successfully joined the Tokyo Stock Exchange's Real Estate Investment and Trust Securities Section, identifiable by its ticker symbol 8963.

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
JPY60,400.00 +700.00 (+1.17%)
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Volume Profile
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Liquidity & share structure
Average Volume
34.5K
Beta
0.25
Float Shares
7.52M
Free Float %
98.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.33% +1.66% -0.16% -7.54% -8.23% -4.52% +0.00% +6.61% +37.44% -20.29% -12.18%
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
60,400.00
DCF (Unlevered) 204,489.98 +238.6%
DCF (Levered) 364,272.43 +503.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 5 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.32
Distress
Piotroski F-Score
6 / 9
Average
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
  • Revenue growth
    +34.4% Q4'25: +73.5% (vs Q4'23)
  • EPS growth
    +4.2% Q4'25: +33.2% (vs Q4'23)
  • FCF margin
    Q4'25: -56.6% (vs Q4'23)
  • EBIT margin
    Q4'25: +59.4% (vs Q4'23)
  • ROIC
    Q4'25: +11.7% (vs Q4'23)
  • Share dilution
    +6.2% Q4'25: +13.6% (vs Q4'23)
  • Debt / EBITDA
    7.41× Q4'25: 3.48× (vs Q4'23)
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 (0.29) × ERP
WACC = 57% × Ke + 43% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 204,489.98 Current price: 60,400.00
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 Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
5 EPS Ana.
Dec 2027
5 Rev. Ana.
5 EPS Ana.
Dec 2028
5 Rev. Ana.
5 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
11.84B
est: 11.81B (+0.2%)
17.67B
est: 17.95B (-1.6%)
21.91B
est: 20.75B (+5.6%)
27.56B
est: 23.27B (+18.4%)
28.00B
est: 30.90B (-9.4%)
17.75B
est: 10.52B (+68.7%)
12.21B
est: 9.70B (+25.9%)
19.61B
est: 15.59B (+25.7%)
34.73B
est: 39.96B (-13.1%)
46.69B
est: 44.28B (+5.5%)
62.77B
est: 56.79B (+10.5%)
54.39B
50.75B – 57.69B
-4.2% YoY
56.09B
52.54B – 60.59B
+3.1% YoY
57.47B
57.30B – 57.65B
+2.5% YoY
58.73B
54.91B – 62.88B
+2.2% YoY
EBITDA
8.19B
est: 8.53B (-4.0%)
14.19B
est: 12.97B (+9.5%)
17.68B
est: 14.99B (+18.0%)
22.96B
est: 16.80B (+36.7%)
21.25B
est: 22.32B (-4.8%)
11.31B
est: 7.60B (+48.8%)
6.44B
est: 7.00B (-8.1%)
14.77B
est: 11.26B (+31.2%)
29.12B
est: 29.76B (-2.1%)
39.91B
est: 32.97B (+21.0%)
47.06B
est: 42.29B (+11.3%)
40.51B
37.79B – 42.96B
-4.2% YoY
41.77B
39.13B – 45.12B
+3.1% YoY
42.80B
42.67B – 42.93B
+2.5% YoY
43.74B
40.89B – 46.82B
+2.2% YoY
EBIT
est: 4.05B (-100.0%)
est: 6.15B (-100.0%)
est: 7.11B (-100.0%)
est: 7.98B (-100.0%)
13.50B
est: 10.59B (+27.4%)
3.32B
est: 3.61B (-8.0%)
-1.30B
est: 3.32B (-139.1%)
7.25B
est: 5.35B (+35.7%)
21.16B
est: 16.82B (+25.8%)
30.58B
est: 18.63B (+64.1%)
36.22B
est: 23.90B (+51.5%)
22.89B
21.36B – 24.28B
-4.2% YoY
23.61B
22.11B – 25.50B
+3.1% YoY
24.19B
24.11B – 24.26B
+2.5% YoY
24.72B
23.11B – 26.46B
+2.2% YoY
Net Income
5.25B
est: 11.73B (-55.3%)
9.79B
est: 19.31B (-49.3%)
12.01B
est: 16.11B (-25.5%)
16.11B
est: 22.27B (-27.7%)
12.06B
est: 39.29B (-69.3%)
1.05B
est: 2.62B (-60.0%)
-2.59B
est: 376.65M (-786.4%)
6.09B
est: 6.89B (-11.6%)
19.95B
est: 27.27B (-26.9%)
28.04B
est: 29.50B (-5.0%)
31.06B
est: 31.96B (-2.8%)
31.17B
30.34B – 32.35B
-2.5% YoY
32.60B
30.74B – 34.92B
+4.6% YoY
32.96B
32.28B – 35.94B
+1.1% YoY
32.19B
29.46B – 35.14B
-2.3% YoY
SGA
420.36M
est: 1.26B (-66.5%)
575.05M
est: 1.91B (-69.9%)
596.15M
est: 2.21B (-73.0%)
679.11M
est: 2.47B (-72.6%)
1.83B
est: 3.29B (-44.3%)
2.29B
est: 1.12B (+104.2%)
2.35B
est: 1.03B (+127.7%)
1.85B
est: 1.66B (+11.8%)
2.12B
est: 3.22B (-34.1%)
2.57B
est: 3.57B (-28.0%)
est: 4.58B (-100.0%)
4.38B
4.09B – 4.65B
-4.2% YoY
4.52B
4.24B – 4.88B
+3.1% YoY
4.63B
4.62B – 4.65B
+2.5% YoY
4.73B
4.43B – 5.07B
+2.2% YoY
EPS
1,803.46
est: 1,629.90 (+10.6%)
2,754.18
est: 2,682.94 (+2.7%)
2,980.91
est: 2,238.69 (+33.2%)
3,106.68
est: 3,094.19 (+0.4%)
5,591.51
est: 5,458.46 (+2.4%)
171.83
est: 363.75 (-52.8%)
-424.07
est: 52.33 (-910.4%)
998.96
est: 969.03 (+3.1%)
3,100.84
est: 3,553.77 (-12.7%)
3,899.34
est: 3,638.26 (+7.2%)
4,061.41
est: 4,154.87 (-2.2%)
4,089.79
3,967.99 – 4,231.40
-1.6% YoY
4,216.74
4,020.33 – 4,566.87
+3.1% YoY
4,362.43
4,221.98 – 4,699.99
+3.5% YoY
4,209.81
3,853.44 – 4,596.19
-3.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-28 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-27 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-26 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-25 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-22 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-21 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-20 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-19 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-18 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-15 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-14 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-13 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-12 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-05-11 A- 4/5 5/5 4/5 5/5 2/5 3/5 2/5
2026-05-08 A- 4/5 5/5 4/5 5/5 2/5 3/5 2/5
2026-05-07 A- 4/5 5/5 4/5 5/5 2/5 3/5 2/5
2026-05-01 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-30 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 A 4/5 5/5 4/5 5/5 2/5 3/5 3/5
2026-04-23 A- 4/5 5/5 3/5 5/5 1/5 3/5 3/5
2026-04-22 A- 4/5 5/5 3/5 5/5 1/5 3/5 3/5
2026-04-21 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-20 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-17 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-16 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-15 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
809.08B
OE per share TTM
107,849.90
Owner's Yield
172.62%
Maintenance CapEx ratio
811.20%
Maint CapEx / Avg PPE
1,256.0%

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
Shares Outstanding
7.65M

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
Hideki Yano MD & Director of Consonant Investment Management Co., Ltd.
Naoki Fukuda Operating Officer, President, CEO & Director - Consonant Investment Management Co., Ltd. male
Naoto Ichiki Chairman & Head of New Investment Corp. Prep Office - Consonant Investment Management Co., Ltd. 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

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits