Buy Or Sell Opportunity • May 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to €30.00. The fair value is estimated to be €39.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period. Board Change • May 21
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Yuko Yasuda was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Mar 12
Kajima Corporation to Report Fiscal Year 2026 Results on May 14, 2026 Kajima Corporation announced that they will report fiscal year 2026 results on May 14, 2026 Annonce • Jan 08
Nippon Building Fund Inc. (TSE:8951) agreed to acquire Nihonbashi Honcho M-SQUARE in central Tokyo from Mitsui Fudosan Co., Ltd. (TSE:8801) and Kajima Corporation (TSE:1812) for ¥32.1 billion. Nippon Building Fund Inc. (TSE:8951) agreed to acquire Nihonbashi Honcho M-SQUARE in central Tokyo from Mitsui Fudosan Co., Ltd. (TSE:8801) and Kajima Corporation (TSE:1812) for ¥32.1 billion on January 7, 2026. A cash consideration of ¥32.11 billion will be paid by Nippon Building Fund Inc. As part of consideration, ¥32.11 billion is paid towards assets of Nihonbashi Honcho M-SQUARE in central Tokyo. The transaction will be financed through equity investment of ¥22.63 billion. In related transactions, Nippon Building Fund Inc. agreed to acquire Toyosu Bayside Cross Tower in Tokyo from Mitsui Fudosan Co., Ltd. and Mitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc.
For the period ending December 31, 2025, Nihonbashi Honcho M-SQUARE in central Tokyo reported total revenue of ¥1.26 billion.
The expected completion of the transaction is March 31, 2026. Annonce • Dec 04
Kajima Corporation to Report Q3, 2026 Results on Feb 12, 2026 Kajima Corporation announced that they will report Q3, 2026 results on Feb 12, 2026 Annonce • Sep 02
Kajima Corporation to Report Q2, 2026 Results on Nov 11, 2025 Kajima Corporation announced that they will report Q2, 2026 results on Nov 11, 2025 Annonce • Jun 04
Kajima Corporation to Report Q1, 2026 Results on Aug 06, 2025 Kajima Corporation announced that they will report Q1, 2026 results on Aug 06, 2025 Annonce • May 15
Kajima Corporation (TSE:1812) announces an Equity Buyback for 9,000,000 shares, representing 1.9% for ¥20,000 million. Kajima Corporation (TSE:1812) announces a share repurchase program. Under the program, the company will repurchase up to 9,000,000 shares, representing 1.9% of its total shares outstanding (excluding treasury shares), for a total of ¥20,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The repurchase program is valid till September 30, 2025. As of April 30, 2025, the company had 473,287,066 shares outstanding (excluding treasury shares) and had 55,368,945 shares in treasury. Annonce • May 14
Kajima Corporation, Annual General Meeting, Jun 27, 2025 Kajima Corporation, Annual General Meeting, Jun 27, 2025. Annonce • Mar 05
Kajima Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Kajima Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Annonce • Feb 18
Kajima Corporation Announces the Retirement of Kiyomi Saito as Director (Outside Director), Effective from June 27, 2025 Kajima Corporation announced the retirement of Kiyomi Saito as Director (Outside Director) scheduled for June 27, 2025, (scheduled to assume office as Advisor). Annonce • Dec 03
Kajima Corporation to Report Q3, 2025 Results on Feb 12, 2025 Kajima Corporation announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Nov 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥37.64 (vs JP¥63.75 in 2Q 2024) Second quarter 2025 results: EPS: JP¥37.64 (down from JP¥63.75 in 2Q 2024). Revenue: JP¥708.4b (down 1.9% from 2Q 2024). Net income: JP¥17.7b (down 42% from 2Q 2024). Profit margin: 2.5% (down from 4.2% in 2Q 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 26
Kajima Corporation to Report Q2, 2025 Results on Nov 12, 2024 Kajima Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.6%). Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥36.60 (vs JP¥40.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.60 (down from JP¥40.03 in 1Q 2024). Revenue: JP¥613.2b (up 5.1% from 1Q 2024). Net income: JP¥17.4b (down 10.0% from 1Q 2024). Profit margin: 2.8% (down from 3.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €13.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Construction industry in Europe. Total returns to shareholders of 42% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 287%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 06
Kajima Corporation to Report Q1, 2025 Results on Aug 06, 2024 Kajima Corporation announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥239 (vs JP¥228 in FY 2023) Full year 2024 results: EPS: JP¥239 (up from JP¥228 in FY 2023). Revenue: JP¥2.67t (up 11% from FY 2023). Net income: JP¥115.0b (up 2.9% from FY 2023). Profit margin: 4.3% (down from 4.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Buy Or Sell Opportunity • May 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.1% to €15.40. The fair value is estimated to be €19.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Annonce • Mar 27
Kajima Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Kajima Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €19.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.75 per share. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥55.23 (vs JP¥55.75 in 3Q 2023) Third quarter 2024 results: EPS: JP¥55.23 (down from JP¥55.75 in 3Q 2023). Revenue: JP¥688.8b (up 12% from 3Q 2023). Net income: JP¥26.6b (down 2.8% from 3Q 2023). Profit margin: 3.9% (down from 4.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 13
Kajima Corporation Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024 Kajima Corporation provided year end dividend guidance for the fiscal year ending March 31, 2024. For the full year, the company expected year end dividend of JPY 35 per share compared to JPY 41 per share paid a year ago. Buy Or Sell Opportunity • Jan 26
Now 22% undervalued Over the last 90 days, the stock has risen 4.6% to €16.00. The fair value is estimated to be €20.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Buying Opportunity • Jan 18
Now 22% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be €20.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings is also forecast to grow by 5.0% per annum over the same time period. Annonce • Dec 01
Kajima Corporation to Report Q3, 2024 Results on Feb 13, 2024 Kajima Corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Annonce • Nov 15
Kajima Corporation Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2024 Kajima Corporation revised consolidated and non-consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, on consolidated basis, the company expects revenue of JPY 2,610,000 million compared to previous guidance of JPY 2,480,000 million, operating income of JPY 144,000 million compared to previous guidance of JPY 142,000 million and net income attributable to owners of the parent of JPY 107,000 million or JPY 222.09 per basic share compared to previous guidance of JPY 105,000 million or JPY 217.94 per basic share.For the year ending March 31, 2024, on non-consolidated basis, the company expects revenue of JPY 1,480,000 million compared to previous guidance of JPY 1,440,000 million, operating income of JPY 99,000 million compared to previous guidance of JPY 98,000 million and net income of JPY 87,000 million or JPY 180.22 per basic share compared to previous guidance of JPY 83,000 million or JPY 171.94 per basic share. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: JP¥63.75 (vs JP¥71.25 in 2Q 2023) Second quarter 2024 results: EPS: JP¥63.75 (down from JP¥71.25 in 2Q 2023). Revenue: JP¥722.3b (up 13% from 2Q 2023). Net income: JP¥30.7b (down 13% from 2Q 2023). Profit margin: 4.2% (down from 5.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 7.0% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 27
Kajima Corporation to Report Q2, 2024 Results on Nov 13, 2023 Kajima Corporation announced that they will report Q2, 2024 results on Nov 13, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.8%). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥40.03 (vs JP¥39.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥40.03. Revenue: JP¥583.5b (up 17% from 1Q 2023). Net income: JP¥19.4b (down 1.5% from 1Q 2023). Profit margin: 3.3% (down from 3.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 12% growth forecast for the Construction industry in Germany. Annonce • Jun 04
Kajima Corporation to Report Q1, 2024 Results on Aug 09, 2023 Kajima Corporation announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥228 (vs JP¥208 in FY 2022) Full year 2023 results: EPS: JP¥228 (up from JP¥208 in FY 2022). Revenue: JP¥2.39t (up 15% from FY 2022). Net income: JP¥111.8b (up 7.6% from FY 2022). Profit margin: 4.7% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 16
Kajima Corporation (TSE:1812) announces an Equity Buyback for 7,000,000 shares, representing 1.44% for ¥10,000 million. Kajima Corporation (TSE:1812) announces a share repurchase program. Under the program, the company will repurchase up to 7,000,000 shares, representing 1.44% of its total shares outstanding (excluding treasury shares), for a total of ¥10,000 million. The purpose of the program is to improve capital efficiency and to enhance shareholder returns. The repurchase program is valid till September 30, 2023. As of April 30, 2023, the company had 487,031,290 shares outstanding (excluding treasury shares) and had 41,624,721 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥33.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.8%). Annonce • Feb 17
Kajima Corporation, Annual General Meeting, Jun 28, 2023 Kajima Corporation, Annual General Meeting, Jun 28, 2023. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥55.75 (vs JP¥63.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥55.75 (down from JP¥63.23 in 3Q 2022). Revenue: JP¥615.6b (up 17% from 3Q 2022). Net income: JP¥27.3b (down 13% from 3Q 2022). Profit margin: 4.4% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Annonce • Nov 30
Kajima Corporation to Report Q3, 2023 Results on Feb 14, 2023 Kajima Corporation announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Kiyomi Saito was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥71.25 (vs JP¥55.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥71.25 (up from JP¥55.75 in 2Q 2022). Revenue: JP¥637.8b (up 27% from 2Q 2022). Net income: JP¥35.1b (up 26% from 2Q 2022). Profit margin: 5.5% (in line with 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥55.58 (vs JP¥55.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥55.58 (down from JP¥55.75 in 2Q 2022). Revenue: JP¥568.7b (up 13% from 2Q 2022). Net income: JP¥27.4b (down 1.6% from 2Q 2022). Profit margin: 4.8% (down from 5.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Nov 10
Kajima Corporation (TSE:1812) announces an Equity Buyback for 9,000,000 shares, representing 1.82% for ¥10,000 million. Kajima Corporation (TSE:1812) announces a share repurchase program. Under the program, the company will repurchase 9,000,000 shares, representing 1.82% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency. The program will run until January 31, 2023. As of October 31, 2022, the company had 493,595,380 shares outstanding (excluding treasury shares) and 35,060,631 shares in treasury. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.2%). Annonce • Sep 03
Kajima Corporation to Report Q2, 2023 Results on Nov 10, 2022 Kajima Corporation announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥39.90 (vs JP¥43.85 in 1Q 2022) First quarter 2023 results: EPS: JP¥39.90 (down from JP¥43.85 in 1Q 2022). Revenue: JP¥499.6b (up 10% from 1Q 2022). Net income: JP¥19.7b (down 11% from 1Q 2022). Profit margin: 3.9% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.8%, compared to a 5.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Annonce • Jun 03
Kajima Corporation to Report Q1, 2023 Results on Aug 08, 2022 Kajima Corporation announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥208 (vs JP¥193 in FY 2021) Full year 2022 results: EPS: JP¥208 (up from JP¥193 in FY 2021). Revenue: JP¥2.08t (up 9.0% from FY 2021). Net income: JP¥103.9b (up 5.4% from FY 2021). Profit margin: 5.0% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.6%, compared to a 6.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Kiyomi Saito was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 13
Kajima Corporation, Annual General Meeting, Jun 28, 2022 Kajima Corporation, Annual General Meeting, Jun 28, 2022. Agenda: To amend the Articles of Incorporation; and to transact other business matters. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.8%). Annonce • Feb 24
Kajima Corporation (TSE:1812) agreed to acquire 55 Market Street, Singapore for SGD 290 million. Kajima Corporation (TSE:1812) agreed to acquire 55 Market Street, Singapore for SGD 290 million on February 23, 2022. Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥63.23 (up from JP¥48.29 in 3Q 2021). Revenue: JP¥526.5b (up 11% from 3Q 2021). Net income: JP¥31.5b (up 28% from 3Q 2021). Profit margin: 6.0% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 3.6%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥55.75 (vs JP¥49.58 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥502.3b (up 6.5% from 2Q 2021). Net income: JP¥27.8b (up 9.4% from 2Q 2021). Profit margin: 5.5% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 08
First quarter 2022 earnings released: EPS JP¥43.85 (vs JP¥51.61 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥453.8b (up 3.0% from 1Q 2021). Net income: JP¥22.1b (down 17% from 1Q 2021). Profit margin: 4.9% (down from 6.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥193 (vs JP¥201 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥1.91t (down 5.2% from FY 2020). Net income: JP¥98.5b (down 4.6% from FY 2020). Profit margin: 5.2% (up from 5.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (3.3%). Annonce • Mar 21
Kajima Corporation to Report Fiscal Year 2021 Results on May 14, 2021 Kajima Corporation announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 27
New 90-day low: €10.30 The company is down 6.0% from its price of €10.90 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.72 per share. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥48.29 (vs JP¥38.04 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥476.3b (down 2.8% from 3Q 2020). Net income: JP¥24.6b (up 26% from 3Q 2020). Profit margin: 5.2% (up from 4.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to stay flat compared to a 4.9% growth forecast for the Construction industry in Germany. Is New 90 Day High Low • Feb 10
New 90-day high: €11.70 The company is up 18% from its price of €9.95 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.12 per share. Is New 90 Day High Low • Jan 13
New 90-day high: €11.10 The company is up 16% from its price of €9.60 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.08 per share. 
