Reported Earnings • Aug 10
First quarter 2027 earnings released: EPS: JP¥40.78 (vs JP¥32.69 in 1Q 2026) First quarter 2027 results: EPS: JP¥40.78 (up from JP¥32.69 in 1Q 2026). Revenue: JP¥20.3b (down 10% from 1Q 2026). Net income: JP¥1.16b (up 24% from 1Q 2026). Profit margin: 5.7% (up from 4.2% in 1Q 2026). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 29th September 2026 Payment date: 2nd December 2026 Dividend yield will be 6.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Jun 04
Matsui Construction Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026 Matsui Construction Co., Ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥152 (vs JP¥94.30 in FY 2025) Full year 2026 results: EPS: JP¥152 (up from JP¥94.30 in FY 2025). Revenue: JP¥96.0b (down 3.2% from FY 2025). Net income: JP¥4.35b (up 60% from FY 2025). Profit margin: 4.5% (up from 2.7% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • May 14
Matsui Construction Co., Ltd., Annual General Meeting, Jun 26, 2026 Matsui Construction Co., Ltd., Annual General Meeting, Jun 26, 2026. Annonce • May 09
Matsui Construction Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Matsui Construction Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥49.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥58.80 (vs JP¥36.58 in 3Q 2025) Third quarter 2026 results: EPS: JP¥58.80 (up from JP¥36.58 in 3Q 2025). Revenue: JP¥26.1b (down 6.4% from 3Q 2025). Net income: JP¥1.68b (up 59% from 3Q 2025). Profit margin: 6.4% (up from 3.8% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year and the company’s share price has also increased by 44% per year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,848, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 14x in the Construction industry in Japan. Total returns to shareholders of 233% over the past three years. Annonce • Dec 04
Matsui Construction Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Matsui Construction Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Declared Dividend • Dec 03
First half dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥35.69 (vs JP¥9.96 in 2Q 2025) Second quarter 2026 results: EPS: JP¥35.69 (up from JP¥9.96 in 2Q 2025). Revenue: JP¥23.7b (down 1.3% from 2Q 2025). Net income: JP¥1.03b (up 256% from 2Q 2025). Profit margin: 4.3% (up from 1.2% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Nov 14
Matsui Construction Co., Ltd. (TSE:1810) announces an Equity Buyback for 200,000 shares, representing 0.7% for ¥350 million. Matsui Construction Co., Ltd. (TSE:1810) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.7% of its issued share capital, for ¥350 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The plan will be valid till November 30, 2025. As of October 31, 2025, the company had 28,720,861 issued shares (excluding treasury stock) and 1,859,139 treasury shares. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Annonce • Sep 03
Matsui Construction Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Matsui Construction Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥32.69 (vs JP¥8.57 in 1Q 2025) First quarter 2026 results: EPS: JP¥32.69 (up from JP¥8.57 in 1Q 2025). Revenue: JP¥22.6b (up 3.7% from 1Q 2025). Net income: JP¥939.0m (up 279% from 1Q 2025). Profit margin: 4.2% (up from 1.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Jun 07
Matsui Construction Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Matsui Construction Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥94.30 (vs JP¥39.82 in FY 2024) Full year 2025 results: EPS: JP¥94.30 (up from JP¥39.82 in FY 2024). Revenue: JP¥99.3b (up 2.4% from FY 2024). Net income: JP¥2.73b (up 135% from FY 2024). Profit margin: 2.7% (up from 1.2% in FY 2024). 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 16% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 13
Matsui Construction Co., Ltd., Annual General Meeting, Jun 27, 2025 Matsui Construction Co., Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥938, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 63% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Annonce • Mar 07
Matsui Construction Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Matsui Construction Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥36.58 (vs JP¥4.09 in 3Q 2024) Third quarter 2025 results: EPS: JP¥36.58 (up from JP¥4.09 in 3Q 2024). Revenue: JP¥27.9b (up 11% from 3Q 2024). Net income: JP¥1.06b (up JP¥939.0m from 3Q 2024). Profit margin: 3.8% (up from 0.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Feb 13
Matsui Construction Co., Ltd. (TSE:1810) announces an Equity Buyback for 200,000 shares, representing 0.69% for ¥250 million. Matsui Construction Co., Ltd. (TSE:1810) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.69% of its issued share capital, for ¥250 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and carry out flexible capital policies in response to changes in the business environment. The plan will be valid till April 30, 2025. As of December 31, 2024, the company had 28,920,861 issued shares (excluding treasury stock) and 1,659,139 treasury shares. New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. High level of non-cash earnings (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.2% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Annonce • Dec 04
Matsui Construction Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Matsui Construction Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Dec 04
First half dividend increased to JP¥15.00 Dividend of JP¥15.00 is 15% higher than last year. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 58% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Reported Earnings • Nov 19
Second quarter 2025 earnings released: EPS: JP¥9.96 (vs JP¥14.11 in 2Q 2024) Second quarter 2025 results: EPS: JP¥9.96 (down from JP¥14.11 in 2Q 2024). Revenue: JP¥24.0b (down 2.5% from 2Q 2024). Net income: JP¥288.0m (down 30% from 2Q 2024). Profit margin: 1.2% (down from 1.7% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Annonce • Aug 31
Matsui Construction Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Matsui Construction Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥8.57 (vs JP¥9.73 in 1Q 2024) First quarter 2025 results: EPS: JP¥8.57 (down from JP¥9.73 in 1Q 2024). Revenue: JP¥21.8b (up 2.9% from 1Q 2024). Net income: JP¥248.0m (down 13% from 1Q 2024). Profit margin: 1.1% (down from 1.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 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 JP¥691, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 11x in the Construction industry in Japan. Total loss to shareholders of 2.3% over the past three years. Declared Dividend • Jul 11
Final dividend increased to JP¥15.00 Dividend of JP¥15.00 is 15% higher than last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 56% to bring the payout ratio under control. However, EPS has declined by 20% over the last 5 years so the company would need to reverse this trend. Annonce • Jun 10
Matsui Construction Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Matsui Construction Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥39.82 (vs JP¥57.48 in FY 2023) Full year 2024 results: EPS: JP¥39.82 (down from JP¥57.48 in FY 2023). Revenue: JP¥97.0b (up 9.4% from FY 2023). Net income: JP¥1.16b (down 32% from FY 2023). Profit margin: 1.2% (down from 1.9% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • May 16
Matsui Construction Co., Ltd., Annual General Meeting, Jun 27, 2024 Matsui Construction Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%). Annonce • Mar 06
Matsui Construction Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Matsui Construction Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥4.09 (vs JP¥30.96 in 3Q 2023) Third quarter 2024 results: EPS: JP¥4.09 (down from JP¥30.96 in 3Q 2023). Revenue: JP¥25.2b (up 9.2% from 3Q 2023). Net income: JP¥119.0m (down 87% from 3Q 2023). Profit margin: 0.5% (down from 4.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Feb 13
Matsui Construction Co., Ltd. (TSE:1810) announces an Equity Buyback for 200,000 shares, representing 0.69% for ¥200 million. Matsui Construction Co., Ltd. (TSE:1810) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.69% of its issued share capital, for ¥200 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and carry out flexible capital policies in response to changes in the business environment. The plan will be valid till May 31, 2024. As of December 31, 2023, the company had 29,120,861 issued shares (excluding treasury stock) and 1,459,139 treasury shares. Annonce • Dec 07
Matsui Construction Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Matsui Construction Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥14.11 (vs JP¥18.20 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.11 (down from JP¥18.20 in 2Q 2023). Revenue: JP¥24.7b (up 21% from 2Q 2023). Net income: JP¥411.0m (down 24% from 2Q 2023). Profit margin: 1.7% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥13.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.0%). Annonce • Sep 03
Matsui Construction Co., Ltd. to Report Q2, 2024 Results on Nov 13, 2023 Matsui Construction Co., Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥9.73 (vs JP¥9.12 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.73 (up from JP¥9.12 in 1Q 2023). Revenue: JP¥21.2b (down 3.3% from 1Q 2023). Net income: JP¥285.0m (up 5.6% from 1Q 2023). Profit margin: 1.3% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • Jun 07
Matsui Construction Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Matsui Construction Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥57.48 (vs JP¥58.92 in FY 2022) Full year 2023 results: EPS: JP¥57.48 (down from JP¥58.92 in FY 2022). Revenue: JP¥88.7b (up 7.5% from FY 2022). Net income: JP¥1.70b (down 5.0% from FY 2022). Profit margin: 1.9% (down from 2.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • May 12
Matsui Construction Co., Ltd., Annual General Meeting, Jun 29, 2023 Matsui Construction Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.50 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.6%). Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥30.96 (vs JP¥21.92 in 3Q 2022) Third quarter 2023 results: EPS: JP¥30.96 (up from JP¥21.92 in 3Q 2022). Revenue: JP¥23.1b (up 12% from 3Q 2022). Net income: JP¥917.0m (up 37% from 3Q 2022). Profit margin: 4.0% (up from 3.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annonce • Dec 08
Matsui Construction Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Matsui Construction Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥18.20 (vs JP¥13.50 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.20 (up from JP¥13.50 in 2Q 2022). Revenue: JP¥20.3b (up 4.7% from 2Q 2022). Net income: JP¥539.0m (up 31% from 2Q 2022). Profit margin: 2.7% (up from 2.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. No independent directors (12 non-independent directors). External Director Masashi Nakajima was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.5%). Annonce • Sep 03
Matsui Construction Co., Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Matsui Construction Co., Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥9.12 (vs JP¥16.68 in 1Q 2022) First quarter 2023 results: EPS: JP¥9.12 (down from JP¥16.68 in 1Q 2022). Revenue: JP¥21.9b (up 15% from 1Q 2022). Net income: JP¥270.0m (down 47% from 1Q 2022). Profit margin: 1.2% (down from 2.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Jun 23
Matsui Construction Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Matsui Construction Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥58.92 (vs JP¥73.79 in FY 2021) Full year 2022 results: EPS: JP¥58.92 (down from JP¥73.79 in FY 2021). Revenue: JP¥82.5b (down 5.8% from FY 2021). Net income: JP¥1.79b (down 20% from FY 2021). Profit margin: 2.2% (down from 2.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. No independent directors (12 non-independent directors). External Director Masashi Nakajima was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 07
Matsui Construction Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Matsui Construction Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥21.92 (up from JP¥18.05 in 3Q 2021). Revenue: JP¥20.7b (down 5.5% from 3Q 2021). Net income: JP¥669.0m (up 21% from 3Q 2021). Profit margin: 3.2% (up from 2.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥13.50 (vs JP¥11.60 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥19.4b (flat on 2Q 2021). Net income: JP¥412.0m (up 16% from 2Q 2021). Profit margin: 2.1% (up from 1.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥16.68 (vs JP¥27.98 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥19.1b (down 16% from 1Q 2021). Net income: JP¥509.0m (down 40% from 1Q 2021). Profit margin: 2.7% (down from 3.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥73.79 (vs JP¥83.84 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥87.6b (down 7.2% from FY 2020). Net income: JP¥2.25b (down 12% from FY 2020). Profit margin: 2.6% (down from 2.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.6%). Annonce • Mar 07
Matsui Construction Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Matsui Construction Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 26
New 90-day low: JP¥693 The company is down 9.0% from its price of JP¥764 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 6.0% over the same period.