Delayed
Japan Exchange
08:44:37 2024-05-01 pm EDT
|
5-day change
|
1st Jan Change
|
2,847
JPY
|
-0.42%
|
|
+2.08%
|
+12.22%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
78,687
|
81,467
|
84,571
|
80,223
|
88,513
|
115,892
|
-
|
-
|
Enterprise Value (EV)
1 |
66,864
|
70,548
|
81,554
|
66,184
|
84,811
|
106,792
|
101,692
|
95,692
|
P/E ratio
|
10.4
x
|
9.04
x
|
7.51
x
|
7.26
x
|
7.92
x
|
9.29
x
|
8.87
x
|
8.17
x
|
Yield
|
1.58%
|
1.88%
|
2.54%
|
3.86%
|
3.93%
|
3.32%
|
3.43%
|
3.62%
|
Capitalization / Revenue
|
0.55
x
|
0.59
x
|
0.62
x
|
0.59
x
|
0.54
x
|
0.7
x
|
0.67
x
|
0.62
x
|
EV / Revenue
|
0.47
x
|
0.51
x
|
0.6
x
|
0.48
x
|
0.51
x
|
0.64
x
|
0.59
x
|
0.51
x
|
EV / EBITDA
|
5.29
x
|
4.49
x
|
4.2
x
|
3.59
x
|
4.44
x
|
5.34
x
|
4.6
x
|
4.04
x
|
EV / FCF
|
-20.8
x
|
173
x
|
-14.1
x
|
4.87
x
|
-10.9
x
|
10.6
x
|
10.6
x
|
9.27
x
|
FCF Yield
|
-4.81%
|
0.58%
|
-7.1%
|
20.5%
|
-9.15%
|
9.46%
|
9.46%
|
10.8%
|
Price to Book
|
0.93
x
|
0.91
x
|
0.84
x
|
0.74
x
|
0.77
x
|
0.95
x
|
0.88
x
|
0.82
x
|
Nbr of stocks (in thousands)
|
41,349
|
41,396
|
41,234
|
41,309
|
40,903
|
40,536
|
-
|
-
|
Reference price
2 |
1,903
|
1,968
|
2,051
|
1,942
|
2,164
|
2,859
|
2,859
|
2,859
|
Announcement Date
|
5/15/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/15/23
|
-
|
-
|
-
|
Fiscal Period: März |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
141,924
|
138,144
|
136,091
|
136,931
|
164,968
|
166,600
|
173,750
|
186,250
|
EBITDA
1 |
12,651
|
15,701
|
19,413
|
18,422
|
19,097
|
20,000
|
22,100
|
23,700
|
EBIT
1 |
10,509
|
12,883
|
15,966
|
14,752
|
15,218
|
17,300
|
19,600
|
21,250
|
Operating Margin
|
7.4%
|
9.33%
|
11.73%
|
10.77%
|
9.22%
|
10.38%
|
11.28%
|
11.41%
|
Earnings before Tax (EBT)
1 |
11,400
|
13,446
|
16,523
|
16,269
|
16,527
|
18,650
|
19,950
|
21,600
|
Net income
1 |
7,536
|
9,004
|
11,289
|
11,043
|
11,243
|
12,500
|
13,050
|
14,100
|
Net margin
|
5.31%
|
6.52%
|
8.3%
|
8.06%
|
6.82%
|
7.5%
|
7.51%
|
7.57%
|
EPS
2 |
182.3
|
217.6
|
273.1
|
267.5
|
273.4
|
307.7
|
322.5
|
349.8
|
Free Cash Flow
1 |
-3,216
|
407
|
-5,790
|
13,600
|
-7,760
|
10,100
|
9,622
|
10,325
|
FCF margin
|
-2.27%
|
0.29%
|
-4.25%
|
9.93%
|
-4.7%
|
6.06%
|
5.54%
|
5.54%
|
FCF Conversion (EBITDA)
|
-
|
2.59%
|
-
|
73.82%
|
-
|
50.5%
|
43.54%
|
43.57%
|
FCF Conversion (Net income)
|
-
|
4.52%
|
-
|
123.15%
|
-
|
80.8%
|
73.73%
|
73.23%
|
Dividend per Share
2 |
30.00
|
37.00
|
52.00
|
75.00
|
85.00
|
95.00
|
98.00
|
103.5
|
Announcement Date
|
5/15/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/15/23
|
-
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 Q3
|
2025 Q4
|
2025 S2
|
2026 S1
|
2026 S2
|
---|
Net sales
1 |
64,009
|
74,135
|
68,395
|
67,696
|
31,978
|
61,838
|
35,779
|
39,314
|
75,093
|
35,202
|
40,782
|
75,984
|
43,319
|
45,665
|
88,984
|
40,027
|
42,279
|
82,306
|
42,886
|
41,408
|
85,694
|
36,050
|
39,950
|
-
|
45,800
|
48,700
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
4,745
|
8,138
|
8,292
|
7,674
|
2,759
|
6,157
|
3,691
|
4,904
|
8,595
|
1,255
|
2,663
|
3,918
|
5,039
|
6,261
|
11,300
|
3,565
|
3,751
|
7,316
|
5,396
|
4,588
|
10,984
|
3,100
|
3,700
|
-
|
5,400
|
6,200
|
-
|
-
|
-
|
Operating Margin
|
7.41%
|
10.98%
|
12.12%
|
11.34%
|
8.63%
|
9.96%
|
10.32%
|
12.47%
|
11.45%
|
3.57%
|
6.53%
|
5.16%
|
11.63%
|
13.71%
|
12.7%
|
8.91%
|
8.87%
|
8.89%
|
12.58%
|
11.08%
|
12.82%
|
8.6%
|
9.26%
|
-
|
11.79%
|
12.73%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
4,912
|
8,534
|
8,251
|
8,272
|
2,695
|
7,330
|
3,810
|
5,129
|
-
|
2,503
|
2,633
|
5,136
|
4,983
|
6,408
|
11,391
|
4,250
|
4,344
|
8,594
|
5,822
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
3,259
|
5,745
|
5,556
|
5,733
|
1,850
|
4,925
|
2,520
|
3,598
|
6,118
|
1,670
|
1,756
|
3,426
|
3,283
|
4,534
|
7,817
|
2,846
|
3,009
|
5,855
|
3,939
|
2,706
|
7,145
|
2,100
|
2,700
|
-
|
3,600
|
4,200
|
-
|
-
|
-
|
Net margin
|
5.09%
|
7.75%
|
8.12%
|
8.47%
|
5.79%
|
7.96%
|
7.04%
|
9.15%
|
8.15%
|
4.74%
|
4.31%
|
4.51%
|
7.58%
|
9.93%
|
8.78%
|
7.11%
|
7.12%
|
7.11%
|
9.18%
|
6.53%
|
8.34%
|
5.83%
|
6.76%
|
-
|
7.86%
|
8.62%
|
-
|
-
|
-
|
EPS
|
78.80
|
-
|
134.2
|
-
|
-
|
119.4
|
61.06
|
-
|
-
|
40.43
|
-
|
82.96
|
79.89
|
-
|
-
|
69.59
|
-
|
143.3
|
96.94
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
17.00
|
20.00
|
22.00
|
30.00
|
-
|
35.00
|
-
|
-
|
40.00
|
-
|
-
|
40.00
|
-
|
-
|
-
|
-
|
-
|
45.00
|
-
|
-
|
50.00
|
-
|
-
|
50.00
|
-
|
-
|
50.00
|
55.00
|
55.00
|
Announcement Date
|
10/28/19
|
5/14/20
|
10/28/20
|
5/14/21
|
10/27/21
|
10/27/21
|
1/31/22
|
5/13/22
|
5/13/22
|
7/28/22
|
10/31/22
|
10/31/22
|
1/30/23
|
5/15/23
|
5/15/23
|
7/31/23
|
10/30/23
|
10/30/23
|
1/29/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
11,823
|
10,919
|
3,017
|
14,039
|
3,702
|
9,100
|
14,200
|
20,200
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
-3,216
|
407
|
-5,790
|
13,600
|
-7,760
|
10,100
|
9,622
|
10,325
|
ROE (net income / shareholders' equity)
|
9.2%
|
10.4%
|
11.9%
|
10.6%
|
10.1%
|
10.2%
|
10%
|
10.2%
|
ROA (Net income/ Total Assets)
|
7.23%
|
8.58%
|
9.99%
|
8.76%
|
8.42%
|
6.1%
|
6.2%
|
6.4%
|
Assets
1 |
104,224
|
104,931
|
113,030
|
126,022
|
133,518
|
204,918
|
210,484
|
220,312
|
Book Value Per Share
2 |
2,038
|
2,160
|
2,452
|
2,609
|
2,794
|
3,010
|
3,249
|
3,486
|
Cash Flow per Share
2 |
234.0
|
286.0
|
356.0
|
356.0
|
368.0
|
386.0
|
404.0
|
434.0
|
Capex
1 |
7,665
|
8,716
|
5,577
|
3,738
|
3,410
|
4,750
|
4,750
|
4,750
|
Capex / Sales
|
5.4%
|
6.31%
|
4.1%
|
2.73%
|
2.07%
|
2.85%
|
2.73%
|
2.55%
|
Announcement Date
|
5/15/19
|
5/14/20
|
5/14/21
|
5/13/22
|
5/15/23
|
-
|
-
|
-
|
Last Close Price
2,859
JPY Average target price
3,400
JPY Spread / Average Target +18.92% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.22% | 739M | | -12.07% | 3.88B | | +49.34% | 2.27B | | +18.64% | 1.95B | | +25.51% | 1.73B | | -16.95% | 1.5B | | +13.87% | 1.14B | | +21.38% | 1.05B | | +40.30% | 928M | | +28.95% | 905M |
Civil Engineers & Architects
|