View ValuationKinden 将来の成長Future 基準チェック /16Kinden利益と収益がそれぞれ年間7.2%と5.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に14.9% 11.2%なると予測されています。主要情報7.2%収益成長率11.24%EPS成長率Construction 収益成長10.9%収益成長率5.1%将来の株主資本利益率14.86%アナリストカバレッジGood最終更新日16 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBuy Or Sell Opportunity • Jul 08Now 21% undervaluedOver the last 90 days, the stock has risen 4.5% to €41.80. The fair value is estimated to be €52.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.お知らせ • Jul 08Kinden Corporation (TSE:1944) completed the acquisition of 42.53% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥42.7 billionKinden Corporation (TSE:1944) agreed to acquire 48.64% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥48.9 billion on November 28, 2025. A cash consideration of ¥48.86 billion valued at ¥11501 per share will be paid by Kinden Corporation. As part of consideration, ¥48.86 billion is paid towards common equity of The Kodensha Co., Ltd. The Tender Offeror has set 1,336,800 shares representing 15.31% stake as the minimum number of shares to be purchased. After successful completion of the tender offer, procedures will be implemented without delay to make Mitsubishi Electric and KINDEN the only shareholders of Kodensha. The procedures include share consolidation of Kodensha. The transaction is subject to approval of merger agreement by target board and minimum tender. The Board of Directors of The Kodensha Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is July 6, 2026. Mizuho Securities Co., Ltd. acted as financial advisor for The Kodensha Co., Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for The Kodensha Co., Ltd. KPMG FAS Co., Ltd. acted as financial advisor for Kinden Corporation. TMI Associates acted as legal advisor for The Kodensha Co., Ltd. Oh-Ebashi LPC & Partners as the legal advisor independent of any of the Tender Offer-Related Parties respectively Kinden Corporation (TSE:1944) completed the acquisition of 42.53% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥42.7 billion on July 6, 2026. The number of shares tendered was 3,714,499 shares.お知らせ • Jun 26Kinden Corporation to Report Q1, 2027 Results on Jul 29, 2026Kinden Corporation announced that they will report Q1, 2027 results on Jul 29, 2026Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €43.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €48.88 per share.Buy Or Sell Opportunity • Jun 04Now 21% overvaluedOver the last 90 days, the stock has fallen 16% to €35.20. The fair value is estimated to be €29.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period.お知らせ • May 25Kinden Corporation (TSE:1944) proposed to acquire 48.64% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥48.9 billion.Kinden Corporation (TSE:1944) proposed to acquire 48.64% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥48.9 billion on November 28, 2025. A cash consideration of ¥48.86 billion valued at ¥11501 per share will be paid by Kinden Corporation. As part of consideration, ¥48.86 billion is paid towards common equity of The Kodensha Co., Ltd. The Tender Offeror has set 1,336,800 shares representing 15.31% stake as the minimum number of shares to be purchased. After successful completion of the tender offer, procedures will be implemented without delay to make Mitsubishi Electric and KINDEN the only shareholders of Kodensha. The procedures include share consolidation of Kodensha. The transaction is subject to approval of merger agreement by target board and minimum tender. The Board of Directors of The Kodensha Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is July 6, 2026. Mizuho Investors Securities Co., Ltd. acted as financial advisor for The Kodensha Co., Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for The Kodensha Co., Ltd. KPMG FAS Co., Ltd. acted as financial advisor for Kinden Corporation. TMI Associates acted as legal advisor for The Kodensha Co., Ltd. Oh-Ebashi LPC & Partners as the legal advisor independent of any of the Tender Offer-Related Parties respectivelyValuation Update With 7 Day Price Move • May 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €37.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €28.98 per share.お知らせ • Apr 29Kinden Corporation (TSE:1944) announces an Equity Buyback for 33,500,000 shares, representing 16.92% for ¥223,732.1 million.Kinden Corporation (TSE:1944) announces a share repurchase program. Under the program, the company will repurchase up to 33,500,000 shares, representing 16.92% of its issued share capital, for ¥2,23,732.1 million. The shares will be repurchases at a price of ¥6,677 per share. The shares will be repurchased from The Kansai Electric Power Company, Incorporated. The purpose of program is to return profits to shareholders. The program is valid till June 23, 2026. As of march 31, 2026, there are 197,987,702 outstanding shares (excluding treasury stock) and 1,966,478 treasury shares.Reported Earnings • Apr 28Full year 2026 earnings released: EPS: JP¥351 (vs JP¥236 in FY 2025)Full year 2026 results: EPS: JP¥351 (up from JP¥236 in FY 2025). Revenue: JP¥750.7b (up 6.5% from FY 2025). Net income: JP¥69.4b (up 47% from FY 2025). Profit margin: 9.3% (up from 6.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe.お知らせ • Apr 27Kinden Corporation, Annual General Meeting, Jun 24, 2026Kinden Corporation, Annual General Meeting, Jun 24, 2026.お知らせ • Apr 21Kinden Corporation to Report Fiscal Year 2026 Results on Apr 27, 2026Kinden Corporation announced that they will report fiscal year 2026 results on Apr 27, 2026Buy Or Sell Opportunity • Apr 16Now 22% overvaluedOver the last 90 days, the stock has fallen 7.4% to €37.40. The fair value is estimated to be €30.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period.Buy Or Sell Opportunity • Mar 24Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 5.3% to €39.40. The fair value is estimated to be €32.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period.Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%).Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €42.40, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €27.71 per share.Reported Earnings • Jan 30Third quarter 2026 earnings released: EPS: JP¥89.10 (vs JP¥73.21 in 3Q 2025)Third quarter 2026 results: EPS: JP¥89.10 (up from JP¥73.21 in 3Q 2025). Revenue: JP¥177.9b (up 6.8% from 3Q 2025). Net income: JP¥17.7b (up 21% from 3Q 2025). Profit margin: 9.9% (up from 8.8% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe.お知らせ • Dec 27Kinden Corporation to Report Q3, 2026 Results on Jan 29, 2026Kinden Corporation announced that they will report Q3, 2026 results on Jan 29, 2026Declared Dividend • Nov 30First half dividend of JP¥60.00 announcedShareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 170%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 22% 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 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 19Second quarter 2026 earnings released: EPS: JP¥92.11 (vs JP¥37.82 in 2Q 2025)Second quarter 2026 results: EPS: JP¥92.11 (up from JP¥37.82 in 2Q 2025). Revenue: JP¥180.0b (up 9.2% from 2Q 2025). Net income: JP¥18.2b (up 141% from 2Q 2025). Profit margin: 10% (up from 4.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Construction industry in Europe.Board Change • Nov 17High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Miyuki Ishihara was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Sep 26Kinden Corporation to Report Q2, 2026 Results on Oct 28, 2025Kinden Corporation announced that they will report Q2, 2026 results on Oct 28, 2025お知らせ • Jun 26Kinden Corporation to Report Q1, 2026 Results on Jul 31, 2025Kinden Corporation announced that they will report Q1, 2026 results on Jul 31, 2025お知らせ • Apr 28Kinden Corporation Announces Dividend for Year Ending March 31, 2025; Provides Dividend Guidance for Second Quarter and Full Year of 2026KINDEN CORPORATION announced that it has resolved at a meeting of its Board of Directors held on April 25, 2025 to pay dividends of surplus with a record date of March 31, 2025. This matter is scheduled to be officially decided upon approval at the 111th Ordinary General Meeting of Shareholders of the Company to be held on June 25, 2025. The company has announced an ordinary dividend of JPY 45 per share as compared to previous guidance of JPY 37 per share. Total amount of dividend is JPY 9,937 million. Effective Date is June 26, 2025. Record date is March 31, 2025. Source of dividends is retained earnings. For the second quarter of 2026, the company expects to pay JPY 50 per share. For fiscal year end of 2026, the company expects to pay JPY 50 per share. Reason: The Company will actively expand the foundation of its business, mainly by leveraging human resources, a source of competitiveness, from a long-term perspective. By doing so, they will seek to achieve sustainable growth and development. They expect that these efforts will contribute to long-term benefits for their stakeholders. They consider the distribution of profits to shareholders as one of their important management issues in the future as well. They also maintain the fundamental policy of placing top priority on stable and sustainable dividends for shareholders, with a dividend policy that also takes into account business results and financial performance. In addition, they have an interim dividend system in place to increase opportunities to distribute profits and aim to achieve shareholder-focused management by, for example, paying commemorative dividends when they reach a milestone or celebrate an anniversary. They pay interim dividends equal to half the amount of expected annual dividends, which are calculated based on full-year earnings forecasts. Meanwhile, they determine the amount of year-end dividends by subtracting the amount of interim dividends from the amount of annual dividends, which are calculated based on actual business results confirmed at fiscal year-end. Based on the aforementioned basic policy and the Company's capital policy, they had previously announced a year-end dividend of JPY 42 per share (ordinary dividend of JPY 37 per share and an 80th anniversary commemorative dividend of JPY 5 per share) for the fiscal year ended March 31, 2025. However, taking into account the performance of the current fiscal year and other factors, they have decided to increase the dividend by an additional JPY 8 per share,resulting in a total dividend of JPY 50 per share (ordinary dividend of JPY 45 per share and an 80th anniversary commemorative dividend of JPY 5 per share). As a result, the full-year dividend for the current fiscal year will be JPY 90 per share (ordinary dividend of JPY 80 and an 80th anniversary commemorative dividend of JPY 10), including an interim dividend of JPY 40 (ordinary dividend of JPY 35 and an 80th anniversary commemorative dividend of JPY 5). They plan to pay an annual dividend of JPY 100 per share for the fiscal year ending March 31, 2026. This will include an interim dividend of JPY 50 and a year-end dividend of JPY 50.お知らせ • Apr 25+ 1 more updateKinden Corporation, Annual General Meeting, Jun 25, 2025Kinden Corporation, Annual General Meeting, Jun 25, 2025.お知らせ • Mar 26Kinden Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025Kinden Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025お知らせ • Mar 05Kinden Corporation (TSE:1944) agreed to acquire KITA KOUDENSHA Corporation from Mitsubishi Electric Corporation (TSE:6503).Kinden Corporation (TSE:1944) agreed to acquire KITA KOUDENSHA Corporation from Mitsubishi Electric Corporation (TSE:6503) on March 3, 2025. The transaction is expected to close on April 1, 2025.お知らせ • Jan 31Kinden Corporation (TSE:1944) announces an Equity Buyback for 4,500,000 shares, representing 2.26% for ¥10,000 million.Kinden Corporation (TSE:1944) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 2.26% of its issued share capital, for ¥10,000 million. The purpose of program is to return profits to shareholders. The program is valid till December 23, 2025. As of December 31, 2024, there are 199,291,758 outstanding shares (excluding treasury stock) and 3,349,322 treasury shares.お知らせ • Jan 03Kinden Corporation to Report Q3, 2025 Results on Jan 31, 2025Kinden Corporation announced that they will report Q3, 2025 results on Jan 31, 2025Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥37.82 (vs JP¥31.34 in 2Q 2024)Second quarter 2025 results: EPS: JP¥37.82 (up from JP¥31.34 in 2Q 2024). Revenue: JP¥164.8b (up 4.4% from 2Q 2024). Net income: JP¥7.58b (up 19% from 2Q 2024). Profit margin: 4.6% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Construction industry in Europe.お知らせ • Sep 26Kinden Corporation to Report Q2, 2025 Results on Oct 31, 2024Kinden Corporation announced that they will report Q2, 2025 results on Oct 31, 2024Reported Earnings • Aug 01First quarter 2025 earnings released: EPS: JP¥11.14 (vs JP¥5.51 in 1Q 2024)First quarter 2025 results: EPS: JP¥11.14 (up from JP¥5.51 in 1Q 2024). Revenue: JP¥133.2b (up 18% from 1Q 2024). Net income: JP¥2.24b (up 99% from 1Q 2024). Profit margin: 1.7% (up from 1.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Construction industry in Europe.業績と収益の成長予測BST:109 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029895,62585,65083,96994,16143/31/2028846,77179,07160,20685,91873/31/2027807,51471,6807,74270,44473/31/2026750,74269,44734,08787,684N/A12/31/2025739,74063,077N/AN/AN/A9/30/2025728,39660,0382,57141,785N/A6/30/2025713,22649,378N/AN/AN/A3/31/2025705,05847,25011,06224,545N/A12/31/2024691,98940,398N/AN/AN/A9/30/2024681,88635,87130,63859,944N/A6/30/2024674,96234,665N/AN/AN/A3/31/2024654,51633,55310,99838,520N/A12/31/2023633,57135,272N/AN/AN/A9/30/2023621,69430,73225,52232,771N/A6/30/2023606,47929,239N/AN/AN/A3/31/2023609,13228,7221,44330,153N/A12/31/2022594,26922,675N/AN/AN/A9/30/2022580,75823,311-6,34220,644N/A6/30/2022574,88824,643N/AN/AN/A3/31/2022566,79426,36627,52732,952N/A12/31/2021560,80727,742N/AN/AN/A9/30/2021558,47431,23639,40645,006N/A6/30/2021557,47231,924N/AN/AN/A3/31/2021556,27332,35638,64943,338N/A12/31/2020573,01832,860N/AN/AN/A9/30/2020576,42331,93724,48030,134N/A6/30/2020581,90431,973N/AN/AN/A3/31/2020585,90532,50040,25946,732N/A12/31/2019573,50333,251N/AN/AN/A9/30/2019564,96031,316N/A25,056N/A6/30/2019543,20530,396N/AN/AN/A3/31/2019521,28328,844N/A23,931N/A12/31/2018502,29130,028N/AN/AN/A9/30/2018497,03729,951N/A38,621N/A6/30/2018494,04229,264N/AN/AN/A3/31/2018500,70029,478N/A19,132N/A12/31/2017493,33726,695N/AN/AN/A9/30/2017482,76026,751N/A34,985N/A6/30/2017477,48527,283N/AN/AN/A3/31/2017472,59126,375N/A44,028N/A12/31/2016465,28224,125N/AN/AN/A9/30/2016471,18823,137N/A30,146N/A6/30/2016470,88322,223N/AN/AN/A3/31/2016475,34523,669N/A19,793N/A12/31/2015472,50322,815N/AN/AN/A9/30/2015473,68722,022N/A23,606N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 109の予測収益成長率 (年間7.2% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 109の収益 ( 7.2% ) German市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: 109の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 109の収益 ( 5.1% ) German市場 ( 6.6% ) よりも低い成長が予測されています。高い収益成長: 109の収益 ( 5.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 109の 自己資本利益率 は、3年後には低くなると予測されています ( 14.9 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/14 14:18終値2026/07/14 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kinden Corporation 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関Toshiyuki AnegawaBofA Global Researchnull nullDaiwa Securities Co. Ltd.Hideaki TeraokaDaiwa Securities Co. Ltd.11 その他のアナリストを表示
Buy Or Sell Opportunity • Jul 08Now 21% undervaluedOver the last 90 days, the stock has risen 4.5% to €41.80. The fair value is estimated to be €52.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period.
お知らせ • Jul 08Kinden Corporation (TSE:1944) completed the acquisition of 42.53% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥42.7 billionKinden Corporation (TSE:1944) agreed to acquire 48.64% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥48.9 billion on November 28, 2025. A cash consideration of ¥48.86 billion valued at ¥11501 per share will be paid by Kinden Corporation. As part of consideration, ¥48.86 billion is paid towards common equity of The Kodensha Co., Ltd. The Tender Offeror has set 1,336,800 shares representing 15.31% stake as the minimum number of shares to be purchased. After successful completion of the tender offer, procedures will be implemented without delay to make Mitsubishi Electric and KINDEN the only shareholders of Kodensha. The procedures include share consolidation of Kodensha. The transaction is subject to approval of merger agreement by target board and minimum tender. The Board of Directors of The Kodensha Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is July 6, 2026. Mizuho Securities Co., Ltd. acted as financial advisor for The Kodensha Co., Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for The Kodensha Co., Ltd. KPMG FAS Co., Ltd. acted as financial advisor for Kinden Corporation. TMI Associates acted as legal advisor for The Kodensha Co., Ltd. Oh-Ebashi LPC & Partners as the legal advisor independent of any of the Tender Offer-Related Parties respectively Kinden Corporation (TSE:1944) completed the acquisition of 42.53% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥42.7 billion on July 6, 2026. The number of shares tendered was 3,714,499 shares.
お知らせ • Jun 26Kinden Corporation to Report Q1, 2027 Results on Jul 29, 2026Kinden Corporation announced that they will report Q1, 2027 results on Jul 29, 2026
Valuation Update With 7 Day Price Move • Jun 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €43.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €48.88 per share.
Buy Or Sell Opportunity • Jun 04Now 21% overvaluedOver the last 90 days, the stock has fallen 16% to €35.20. The fair value is estimated to be €29.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period.
お知らせ • May 25Kinden Corporation (TSE:1944) proposed to acquire 48.64% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥48.9 billion.Kinden Corporation (TSE:1944) proposed to acquire 48.64% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥48.9 billion on November 28, 2025. A cash consideration of ¥48.86 billion valued at ¥11501 per share will be paid by Kinden Corporation. As part of consideration, ¥48.86 billion is paid towards common equity of The Kodensha Co., Ltd. The Tender Offeror has set 1,336,800 shares representing 15.31% stake as the minimum number of shares to be purchased. After successful completion of the tender offer, procedures will be implemented without delay to make Mitsubishi Electric and KINDEN the only shareholders of Kodensha. The procedures include share consolidation of Kodensha. The transaction is subject to approval of merger agreement by target board and minimum tender. The Board of Directors of The Kodensha Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is July 6, 2026. Mizuho Investors Securities Co., Ltd. acted as financial advisor for The Kodensha Co., Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for The Kodensha Co., Ltd. KPMG FAS Co., Ltd. acted as financial advisor for Kinden Corporation. TMI Associates acted as legal advisor for The Kodensha Co., Ltd. Oh-Ebashi LPC & Partners as the legal advisor independent of any of the Tender Offer-Related Parties respectively
Valuation Update With 7 Day Price Move • May 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €37.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €28.98 per share.
お知らせ • Apr 29Kinden Corporation (TSE:1944) announces an Equity Buyback for 33,500,000 shares, representing 16.92% for ¥223,732.1 million.Kinden Corporation (TSE:1944) announces a share repurchase program. Under the program, the company will repurchase up to 33,500,000 shares, representing 16.92% of its issued share capital, for ¥2,23,732.1 million. The shares will be repurchases at a price of ¥6,677 per share. The shares will be repurchased from The Kansai Electric Power Company, Incorporated. The purpose of program is to return profits to shareholders. The program is valid till June 23, 2026. As of march 31, 2026, there are 197,987,702 outstanding shares (excluding treasury stock) and 1,966,478 treasury shares.
Reported Earnings • Apr 28Full year 2026 earnings released: EPS: JP¥351 (vs JP¥236 in FY 2025)Full year 2026 results: EPS: JP¥351 (up from JP¥236 in FY 2025). Revenue: JP¥750.7b (up 6.5% from FY 2025). Net income: JP¥69.4b (up 47% from FY 2025). Profit margin: 9.3% (up from 6.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe.
お知らせ • Apr 27Kinden Corporation, Annual General Meeting, Jun 24, 2026Kinden Corporation, Annual General Meeting, Jun 24, 2026.
お知らせ • Apr 21Kinden Corporation to Report Fiscal Year 2026 Results on Apr 27, 2026Kinden Corporation announced that they will report fiscal year 2026 results on Apr 27, 2026
Buy Or Sell Opportunity • Apr 16Now 22% overvaluedOver the last 90 days, the stock has fallen 7.4% to €37.40. The fair value is estimated to be €30.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period.
Buy Or Sell Opportunity • Mar 24Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 5.3% to €39.40. The fair value is estimated to be €32.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%).
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €42.40, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Construction industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €27.71 per share.
Reported Earnings • Jan 30Third quarter 2026 earnings released: EPS: JP¥89.10 (vs JP¥73.21 in 3Q 2025)Third quarter 2026 results: EPS: JP¥89.10 (up from JP¥73.21 in 3Q 2025). Revenue: JP¥177.9b (up 6.8% from 3Q 2025). Net income: JP¥17.7b (up 21% from 3Q 2025). Profit margin: 9.9% (up from 8.8% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Construction industry in Europe.
お知らせ • Dec 27Kinden Corporation to Report Q3, 2026 Results on Jan 29, 2026Kinden Corporation announced that they will report Q3, 2026 results on Jan 29, 2026
Declared Dividend • Nov 30First half dividend of JP¥60.00 announcedShareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 170%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 22% 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 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 19Second quarter 2026 earnings released: EPS: JP¥92.11 (vs JP¥37.82 in 2Q 2025)Second quarter 2026 results: EPS: JP¥92.11 (up from JP¥37.82 in 2Q 2025). Revenue: JP¥180.0b (up 9.2% from 2Q 2025). Net income: JP¥18.2b (up 141% from 2Q 2025). Profit margin: 10% (up from 4.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Construction industry in Europe.
Board Change • Nov 17High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Miyuki Ishihara was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 26Kinden Corporation to Report Q2, 2026 Results on Oct 28, 2025Kinden Corporation announced that they will report Q2, 2026 results on Oct 28, 2025
お知らせ • Jun 26Kinden Corporation to Report Q1, 2026 Results on Jul 31, 2025Kinden Corporation announced that they will report Q1, 2026 results on Jul 31, 2025
お知らせ • Apr 28Kinden Corporation Announces Dividend for Year Ending March 31, 2025; Provides Dividend Guidance for Second Quarter and Full Year of 2026KINDEN CORPORATION announced that it has resolved at a meeting of its Board of Directors held on April 25, 2025 to pay dividends of surplus with a record date of March 31, 2025. This matter is scheduled to be officially decided upon approval at the 111th Ordinary General Meeting of Shareholders of the Company to be held on June 25, 2025. The company has announced an ordinary dividend of JPY 45 per share as compared to previous guidance of JPY 37 per share. Total amount of dividend is JPY 9,937 million. Effective Date is June 26, 2025. Record date is March 31, 2025. Source of dividends is retained earnings. For the second quarter of 2026, the company expects to pay JPY 50 per share. For fiscal year end of 2026, the company expects to pay JPY 50 per share. Reason: The Company will actively expand the foundation of its business, mainly by leveraging human resources, a source of competitiveness, from a long-term perspective. By doing so, they will seek to achieve sustainable growth and development. They expect that these efforts will contribute to long-term benefits for their stakeholders. They consider the distribution of profits to shareholders as one of their important management issues in the future as well. They also maintain the fundamental policy of placing top priority on stable and sustainable dividends for shareholders, with a dividend policy that also takes into account business results and financial performance. In addition, they have an interim dividend system in place to increase opportunities to distribute profits and aim to achieve shareholder-focused management by, for example, paying commemorative dividends when they reach a milestone or celebrate an anniversary. They pay interim dividends equal to half the amount of expected annual dividends, which are calculated based on full-year earnings forecasts. Meanwhile, they determine the amount of year-end dividends by subtracting the amount of interim dividends from the amount of annual dividends, which are calculated based on actual business results confirmed at fiscal year-end. Based on the aforementioned basic policy and the Company's capital policy, they had previously announced a year-end dividend of JPY 42 per share (ordinary dividend of JPY 37 per share and an 80th anniversary commemorative dividend of JPY 5 per share) for the fiscal year ended March 31, 2025. However, taking into account the performance of the current fiscal year and other factors, they have decided to increase the dividend by an additional JPY 8 per share,resulting in a total dividend of JPY 50 per share (ordinary dividend of JPY 45 per share and an 80th anniversary commemorative dividend of JPY 5 per share). As a result, the full-year dividend for the current fiscal year will be JPY 90 per share (ordinary dividend of JPY 80 and an 80th anniversary commemorative dividend of JPY 10), including an interim dividend of JPY 40 (ordinary dividend of JPY 35 and an 80th anniversary commemorative dividend of JPY 5). They plan to pay an annual dividend of JPY 100 per share for the fiscal year ending March 31, 2026. This will include an interim dividend of JPY 50 and a year-end dividend of JPY 50.
お知らせ • Apr 25+ 1 more updateKinden Corporation, Annual General Meeting, Jun 25, 2025Kinden Corporation, Annual General Meeting, Jun 25, 2025.
お知らせ • Mar 26Kinden Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025Kinden Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025
お知らせ • Mar 05Kinden Corporation (TSE:1944) agreed to acquire KITA KOUDENSHA Corporation from Mitsubishi Electric Corporation (TSE:6503).Kinden Corporation (TSE:1944) agreed to acquire KITA KOUDENSHA Corporation from Mitsubishi Electric Corporation (TSE:6503) on March 3, 2025. The transaction is expected to close on April 1, 2025.
お知らせ • Jan 31Kinden Corporation (TSE:1944) announces an Equity Buyback for 4,500,000 shares, representing 2.26% for ¥10,000 million.Kinden Corporation (TSE:1944) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 2.26% of its issued share capital, for ¥10,000 million. The purpose of program is to return profits to shareholders. The program is valid till December 23, 2025. As of December 31, 2024, there are 199,291,758 outstanding shares (excluding treasury stock) and 3,349,322 treasury shares.
お知らせ • Jan 03Kinden Corporation to Report Q3, 2025 Results on Jan 31, 2025Kinden Corporation announced that they will report Q3, 2025 results on Jan 31, 2025
Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥37.82 (vs JP¥31.34 in 2Q 2024)Second quarter 2025 results: EPS: JP¥37.82 (up from JP¥31.34 in 2Q 2024). Revenue: JP¥164.8b (up 4.4% from 2Q 2024). Net income: JP¥7.58b (up 19% from 2Q 2024). Profit margin: 4.6% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Construction industry in Europe.
お知らせ • Sep 26Kinden Corporation to Report Q2, 2025 Results on Oct 31, 2024Kinden Corporation announced that they will report Q2, 2025 results on Oct 31, 2024
Reported Earnings • Aug 01First quarter 2025 earnings released: EPS: JP¥11.14 (vs JP¥5.51 in 1Q 2024)First quarter 2025 results: EPS: JP¥11.14 (up from JP¥5.51 in 1Q 2024). Revenue: JP¥133.2b (up 18% from 1Q 2024). Net income: JP¥2.24b (up 99% from 1Q 2024). Profit margin: 1.7% (up from 1.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Construction industry in Europe.