FJ Next Holdings Co., Ltd. (8935.T)

FJ Next Holdings Co., Ltd. (8935.T) — VMCI valuation read

Across 120 indicators, FJ Next Holdings Co., Ltd. (8935.T) lands at VMCI 65/100. The Real Estate sector median is 50, so the 15-point above-median read is the active comparison. Pillar weighting on the score: Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%.

No material Form 4 disclosures landed on 8935.T in the past 30 days. Quiet insider tape removes one signal source; the active reads stay with the trailing-twelve-month financials and the next 10-Q.

**Investor frame.** On Value, 8935.T trades at 17.0x earnings, 6% below the Real Estate median of 18.0x; the EV/EBITDA delta of -2.0x reinforces that single line. On Quality, ROIC of 17.0% sits 7.0pp above the Real Estate median (10.0%). On Risk, net debt to EBITDA of 1.8x is the rate-sensitivity line to watch for 8935.T on the trailing balance sheet.

8935.T fell 1.0% over the trailing 7 days, with a -2.7% read on a 30-day basis.