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← CockpitCompetitor Analysis › 3465.T KI-Star Real Estate Co., Ltd.Open in the cockpit ↗

KI-Star Real Estate Co., Ltd.3465.TCompetitor analysis, valuation and peers

Japan · JPY·Real Estate›Real Estate Development
Momentum neutral 47
Mkt cap
$633M
US dollars, full cap
Free float
50%
of shares outstanding
$/day
$3.15M
20-day average traded
Fwd P/E
5.0×
forward earnings
ROIC−WACC
n/a
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
6 days
12 Nov 2026
Close · JPY¥3,150
1D-6.9%
1W+3.8%
1M+0.6%
3M-8.6%
6M0.0%
YTD-4.3%
1Y+10.7%
ATR %3.3%
52w lowhigh24.7% off high

What KI-Star Real Estate does

Employees: 2,897

KI-Star Real Estate at a glance

Size KI-Star Real Estate (3465.T) is a Japan Real Estate company (Real Estate Development) with a market value of $633M, the 947th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,150 on 6 Nov 2026.

Performance Over six months the shares was unchanged, against -10.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 14.6% over the last twelve months (peer median +0.2%); the operating margin is 7.7% (peer median 20.7%).

Valuation It trades at 5.0× forward earnings against a peer median of 5.4× (3rd cheapest of 8).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 20263465.T 100Peer median 92
Six months, rebased to 100: KI-Star Real Estate against the median of its 20 peers (local-currency closes).

KI-Star Real Estate financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥412B¥394B¥343B¥283B¥242B
Revenue growth—+15%+21%+17%—
Gross profit¥61.5B¥56.1B¥42.0B¥32.6B¥37.7B
EBITDA¥32.2B¥28.4B¥18.4B¥12.5B¥20.2B
Net income¥17.8B¥15.4B¥8.86B¥6.74B¥11.8B
Free cash flown/a-¥27.9B-¥1.04B-¥16.0B-¥16.9B
Capital expendituren/a¥443M¥450M¥810M¥616M
Total debt¥238B¥223B¥184B¥154B¥114B

Quarterly statements and history in the cockpit →

KI-Star Real Estate competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%00348892SMARTWORKS000558CTY1SNIRLON600340600790SCHSTYZBL6177012630BASS600743H30MLG601588HEM0021463465.T6-month return →1-month return →
Up and to the right = strong over both horizons. KI-Star Real Estate is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×20×40×SMARTWORKSCTY1S6177012630BASSMLGHEM3465.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. KI-Star Real Estate is the large dot.

KI-Star Real Estate competitors and peer comparison

How KI-Star Real Estate compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

KI-Star Real Estate against its 20 peers (data as of 6 Nov 2026)
Measure3465.TPeer medianRank in peer set
1-month return+0.6%-2.5%7th highest of 21
6-month return0.0%-10.7%4th highest of 21
Distance from 52-week high-24.7%-27.8%9th highest of 21
Revenue growth (TTM)+14.6%+0.2%6th highest of 21
Operating margin7.7%20.7%7th lowest of 21
Forward P/E5.0×5.4×3rd cheapest of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
KI-Star Real Estate 3465.TJapan$633M0%+15%8%5.0×n/an/a
Kowloon Development 0034.HKHong Kong$638M-21%-47%11%n/an/an/a
ES-CON JAPAN 8892.TJapan$641M-10%+34%20%n/an/an/a
Smartworks Coworking Spaces SMARTWORKS.NSIndia$623M+12%+31%21%54.9×n/an/a
Chengdu New Tianfu Culture Tourism Development 000558.SZChina$650M-21%+8%-3%n/an/an/a
Citycon CTY1S.HEFinland$612M+1%-2%59%4.8×n/an/a
Nirlon NIRLON.NSIndia$611M+9%+5%69%n/an/an/a
China Fortune Land Development 600340.SSChina$660M-12%-43%-201%n/an/an/a
Zhejiang China Light & Textile Industrial City 600790.SSChina$660M-23%-9%-34%n/an/an/a
Nordeste Properties Socimi SCHST.MCSpain$661M-2%+9%63%n/an/an/a
Zambal Spain SOCIMI YZBL.MCSpain$663M-1%+1%45%n/an/an/a
DA-LI DEVELOPMENT 6177.TWTaiwan$599M-8%+94%31%5.0×n/an/a
HDC 012630.KSSouth Korea$676M-29%-10%12%2.2×n/an/a
Bassac BASS.PAFrance$679M-19%+16%8%5.4×n/an/a
Beijing Huayuan Xinhang 600743.SSChina$679M-22%-77%-18%n/an/an/a
Hong Fok H30.SISingapore$590M-8%-1%43%n/an/an/a
MLP MLG.WAPoland$588M-5%+20%48%9.5×n/an/a
Beijing North Star 601588.SSChina$683M-22%-12%-21%n/an/an/a
Hemnet HEM.STSweden$691M-31%-18%37%18.6×n/an/a
RiseSun Real Estate Development 002146.SZChina$691M-21%-48%-40%n/an/an/a
C C Land 1224.HKHong Kong$579M-2%+14%40%n/an/an/a

Questions

Which companies are KI-Star Real Estate's closest peers?
The cockpit's peer set: Kowloon Development (0034.HK), ES-CON JAPAN (8892.T), Smartworks Coworking Spaces (SMARTWORKS.NS), Chengdu New Tianfu Culture Tourism Development (000558.SZ), Citycon (CTY1S.HE), Nirlon (NIRLON.NS), China Fortune Land Development (600340.SS), Zhejiang China Light & Textile Industrial City (600790.SS).
Is KI-Star Real Estate expensive compared with its peers?
On forward p/e it trades at 5.0× against a peer median of 5.4×, 3rd cheapest of 8 in its peer set.
How has KI-Star Real Estate stock performed?
Over six months to 6 Nov 2026 the shares returned 0.0% against -10.7% for the median peer; over one year +10.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.