Notizie in diretta • Jun 06
Kajima Launches ¥40 Billion Buyback With Over 2 Million Shares Repurchased Kajima has started executing its previously authorized share buyback program, targeting up to 9 million shares or ¥40b by September 30, 2026.
As of May 31, the company has repurchased 2.15 million shares under this program.
The buyback is framed as part of a broader focus on returning capital to shareholders and improving capital efficiency.
The active pace of repurchases so far indicates that management is currently prioritizing capital return, which can reduce the share count and affect key per-share metrics over time.
Investors may want to track how quickly Kajima approaches the 9 million-share or ¥40b ceiling, since changes to the program’s scale or timing could influence perceptions of management’s capital allocation priorities. Annuncio • Jun 05
Kajima Corporation to Report Q1, 2027 Results on Aug 05, 2026 Kajima Corporation announced that they will report Q1, 2027 results on Aug 05, 2026 Reported Earnings • May 16
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥380 (up from JP¥266 in FY 2025). Revenue: JP¥3.07t (up 5.3% from FY 2025). Net income: JP¥177.3b (up 41% from FY 2025). Profit margin: 5.8% (up from 4.3% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 116% Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥5,843. The fair value is estimated to be JP¥7,492, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. New Risk • Apr 28
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 7.0% 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 Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Price Target Changed • Apr 14
Price target increased by 7.9% to JP¥7,743 Up from JP¥7,179, the current price target is an average from 7 analysts. New target price is 25% above last closing price of JP¥6,217. Stock is up 106% over the past year. The company is forecast to post earnings per share of JP¥368 for next year compared to JP¥266 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥76.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Annuncio • 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 Price Target Changed • Mar 03
Price target increased by 8.0% to JP¥7,121 Up from JP¥6,593, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥6,821. Stock is up 113% over the past year. The company is forecast to post earnings per share of JP¥371 for next year compared to JP¥266 last year. Price Target Changed • Feb 20
Price target increased by 7.7% to JP¥6,764 Up from JP¥6,279, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥7,094. Stock is up 126% over the past year. The company is forecast to post earnings per share of JP¥360 for next year compared to JP¥266 last year. Reported Earnings • Feb 13
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥96.33 (up from JP¥83.62 in 3Q 2025). Revenue: JP¥773.1b (up 9.7% from 3Q 2025). Net income: JP¥44.9b (up 14% from 3Q 2025). Profit margin: 5.8% (up from 5.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 12
Price target increased by 7.2% to JP¥6,593 Up from JP¥6,150, the current price target is an average from 7 analysts. New target price is 13% below last closing price of JP¥7,612. Stock is up 155% over the past year. The company is forecast to post earnings per share of JP¥338 for next year compared to JP¥266 last year. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥7,516, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Construction industry in Japan. Total returns to shareholders of 451% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,762 per share. Annuncio • 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. Buy Or Sell Opportunity • Dec 18
Now 20% undervalued Over the last 90 days, the stock has risen 30% to JP¥5,793. The fair value is estimated to be JP¥7,258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Annuncio • 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 Declared Dividend • Dec 03
First half dividend of JP¥76.00 announced Shareholders will receive a dividend of JP¥76.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 29% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Dec 01
Now 20% undervalued Over the last 90 days, the stock has risen 28% to JP¥5,720. The fair value is estimated to be JP¥7,183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 7.0% per annum over the same time period. Price Target Changed • Nov 26
Price target increased by 7.7% to JP¥5,514 Up from JP¥5,121, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥5,718. Stock is up 114% over the past year. The company is forecast to post earnings per share of JP¥337 for next year compared to JP¥266 last year. Price Target Changed • Nov 19
Price target increased by 8.7% to JP¥5,336 Up from JP¥4,907, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥5,500. Stock is up 104% over the past year. The company is forecast to post earnings per share of JP¥335 for next year compared to JP¥266 last year. Buy Or Sell Opportunity • Nov 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to JP¥5,605. The fair value is estimated to be JP¥4,652, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 0.01% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥56.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%). Price Target Changed • Sep 11
Price target increased by 10% to JP¥4,521 Up from JP¥4,101, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥4,538. Stock is up 72% over the past year. The company is forecast to post earnings per share of JP¥307 for next year compared to JP¥266 last year. Annuncio • 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 Reported Earnings • Aug 07
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥56.46 (up from JP¥36.60 in 1Q 2025). Revenue: JP¥649.6b (up 5.9% from 1Q 2025). Net income: JP¥26.5b (up 52% from 1Q 2025). Profit margin: 4.1% (up from 2.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend increased to JP¥56.00 Dividend of JP¥56.00 is 24% higher than last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% 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 27% 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 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 01
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥266 (up from JP¥239 in FY 2024). Revenue: JP¥2.91t (up 9.3% from FY 2024). Net income: JP¥125.8b (up 9.4% from FY 2024). Profit margin: 4.3% (in line with FY 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. 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 35% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • 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 Reported Earnings • May 18
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥266 (up from JP¥239 in FY 2024). Revenue: JP¥2.91t (up 9.3% from FY 2024). Net income: JP¥125.8b (up 9.4% from FY 2024). Profit margin: 4.3% (in line with FY 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Construction industry in Japan. 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 38% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • 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. Annuncio • May 14
Kajima Corporation, Annual General Meeting, Jun 27, 2025 Kajima Corporation, Annual General Meeting, Jun 27, 2025. Buy Or Sell Opportunity • Apr 24
Now 22% undervalued Over the last 90 days, the stock has risen 23% to JP¥3,289. The fair value is estimated to be JP¥4,230, 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 3.9%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥59.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Annuncio • 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 Annuncio • 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). Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: JP¥83.62 (vs JP¥55.23 in 3Q 2024) Third quarter 2025 results: EPS: JP¥83.62 (up from JP¥55.23 in 3Q 2024). Revenue: JP¥704.7b (up 2.3% from 3Q 2024). Net income: JP¥39.4b (up 48% from 3Q 2024). Profit margin: 5.6% (up from 3.9% in 3Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 04
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (48% 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 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 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • 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 15
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 15
Second quarter 2025 earnings: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Construction industry in Japan. 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 26% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • 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 Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Reported Earnings • Aug 07
First quarter 2025 earnings: EPS and revenues miss analyst expectations 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 missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 05
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 5.9% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥2,226, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 71% over the past three years. Declared Dividend • Jul 11
Final dividend increased to JP¥45.00 Dividend of JP¥45.00 is 29% higher than last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.5%, 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. Annuncio • 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: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 14
Now 21% undervalued Over the last 90 days, the stock has risen 1.1% to JP¥2,715. The fair value is estimated to be JP¥3,443, 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. Annuncio • 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 