Kitano Construction（1866）株式概要ゼネコンである北野建設は、国内外における建設工事の企画、設計、管理、コンサルティングを行っている。 詳細1866 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績2/6財務の健全性6/6配当金4/6報酬株価収益率（ 7.9 x） JP市場（ 14.1 x）を下回っています。過去5年間の収益は年間16.2%増加しました。 リスク分析高いレベルの非現金収入 2.64%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る1866 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW486,402 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG486,402 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥1.14k17.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture097b2016201920222025202620282031Revenue JP¥97.3bEarnings JP¥4.3bAdvancedSet Fair ValueView all narrativesKitano Construction Corp. 競合他社KOZO KEIKAKU ENGINEERING HOLDINGSSymbol: TSE:208AMarket cap: JP¥30.2bHokkaidenkoSymbol: SPSE:1832Market cap: JP¥28.5bYamauraSymbol: TSE:1780Market cap: JP¥28.2bTanabe EngineeringSymbol: TSE:1828Market cap: JP¥24.8b価格と性能株価の高値、安値、推移の概要Kitano Construction過去の株価現在の株価JP¥1,138.0052週高値JP¥1,714.0052週安値JP¥925.00ベータ0.371ヶ月の変化12.90%3ヶ月変化-3.56%1年変化14.37%3年間の変化51.73%5年間の変化96.97%IPOからの変化-75.13%最新ニュースお知らせ • Jun 19Kitano Construction Corp. to Report Q1, 2027 Results on Aug 06, 2026Kitano Construction Corp. announced that they will report Q1, 2027 results on Aug 06, 2026分析記事 • May 19We Think You Should Be Aware Of Some Concerning Factors In Kitano Construction's (TSE:1866) EarningsKitano Construction Corp.'s ( TSE:1866 ) robust recent earnings didn't do much to move the stock. However the statutory...Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥144 (vs JP¥141 in FY 2025)Full year 2026 results: EPS: JP¥144 (up from JP¥141 in FY 2025). Revenue: JP¥78.8b (down 2.6% from FY 2025). Net income: JP¥3.49b (up 3.2% from FY 2025). Profit margin: 4.4% (up from 4.2% 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 12% per year whereas the company’s share price has increased by 16% per year.お知らせ • May 12Kitano Construction Corp., Annual General Meeting, Jun 25, 2026Kitano Construction Corp., Annual General Meeting, Jun 25, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥39.79 (vs JP¥10.66 in 3Q 2025)Third quarter 2026 results: EPS: JP¥39.79 (up from JP¥10.66 in 3Q 2025). Revenue: JP¥18.1b (down 16% from 3Q 2025). Net income: JP¥968.0m (up 272% from 3Q 2025). Profit margin: 5.4% (up from 1.2% 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 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.最新情報をもっと見るRecent updatesお知らせ • Jun 19Kitano Construction Corp. to Report Q1, 2027 Results on Aug 06, 2026Kitano Construction Corp. announced that they will report Q1, 2027 results on Aug 06, 2026分析記事 • May 19We Think You Should Be Aware Of Some Concerning Factors In Kitano Construction's (TSE:1866) EarningsKitano Construction Corp.'s ( TSE:1866 ) robust recent earnings didn't do much to move the stock. However the statutory...Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥144 (vs JP¥141 in FY 2025)Full year 2026 results: EPS: JP¥144 (up from JP¥141 in FY 2025). Revenue: JP¥78.8b (down 2.6% from FY 2025). Net income: JP¥3.49b (up 3.2% from FY 2025). Profit margin: 4.4% (up from 4.2% 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 12% per year whereas the company’s share price has increased by 16% per year.お知らせ • May 12Kitano Construction Corp., Annual General Meeting, Jun 25, 2026Kitano Construction Corp., Annual General Meeting, Jun 25, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥39.79 (vs JP¥10.66 in 3Q 2025)Third quarter 2026 results: EPS: JP¥39.79 (up from JP¥10.66 in 3Q 2025). Revenue: JP¥18.1b (down 16% from 3Q 2025). Net income: JP¥968.0m (up 272% from 3Q 2025). Profit margin: 5.4% (up from 1.2% 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 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Dec 23Unpleasant Surprises Could Be In Store For Kitano Construction Corp.'s (TSE:1866) SharesWith a median price-to-earnings (or "P/E") ratio of close to 14x in Japan, you could be forgiven for feeling...お知らせ • Dec 03Kitano Construction Corp. to Report Q3, 2026 Results on Feb 10, 2026Kitano Construction Corp. announced that they will report Q3, 2026 results on Feb 10, 2026New Risk • Nov 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin).Reported Earnings • Nov 15Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: JP¥19.1b (down 10% from 2Q 2025). Net income: JP¥867.0m (down 41% from 2Q 2025). Profit margin: 4.5% (down from 6.9% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Sep 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change).お知らせ • Sep 03Kitano Construction Corp. to Report Q2, 2026 Results on Nov 12, 2025Kitano Construction Corp. announced that they will report Q2, 2026 results on Nov 12, 2025Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥79.03 (vs JP¥107 in 1Q 2025)First quarter 2026 results: EPS: JP¥79.03 (down from JP¥107 in 1Q 2025). Revenue: JP¥18.9b (up 15% from 1Q 2025). Net income: JP¥480.0m (down 22% from 1Q 2025). Profit margin: 2.5% (down from 3.7% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jun 04Kitano Construction Corp. to Report Q1, 2026 Results on Aug 07, 2025Kitano Construction Corp. announced that they will report Q1, 2026 results on Aug 07, 2025分析記事 • May 20There Might Be More To Kitano Construction's (TSE:1866) Story Than Just Weak EarningsThe recent earnings release from Kitano Construction Corp. ( TSE:1866 ) was disappointing to investors. We looked...Reported Earnings • May 17Full year 2025 earnings released: EPS: JP¥562 (vs JP¥674 in FY 2024)Full year 2025 results: EPS: JP¥562 (down from JP¥674 in FY 2024). Revenue: JP¥80.9b (down 4.8% from FY 2024). Net income: JP¥3.38b (down 13% from FY 2024). Profit margin: 4.2% (down from 4.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year.お知らせ • May 13Kitano Construction Corp., Annual General Meeting, Jun 24, 2025Kitano Construction Corp., Annual General Meeting, Jun 24, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥3,400, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 76% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%).お知らせ • Mar 18Kitano Construction Corp. to Report Fiscal Year 2025 Results on May 13, 2025Kitano Construction Corp. announced that they will report fiscal year 2025 results on May 13, 2025Reported Earnings • Feb 14Third quarter 2025 earnings released: EPS: JP¥42.64 (vs JP¥253 in 3Q 2024)Third quarter 2025 results: EPS: JP¥42.64 (down from JP¥253 in 3Q 2024). Revenue: JP¥21.6b (down 4.8% from 3Q 2024). Net income: JP¥260.0m (down 82% from 3Q 2024). Profit margin: 1.2% (down from 6.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year.分析記事 • Feb 06A Look At The Fair Value Of Kitano Construction Corp. (TSE:1866)Key Insights The projected fair value for Kitano Construction is JP¥5,069 based on 2 Stage Free Cash Flow to Equity...Buy Or Sell Opportunity • Jan 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.4% to JP¥3,985. The fair value is estimated to be JP¥5,049, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%.Buy Or Sell Opportunity • Jan 15Now 20% undervaluedOver the last 90 days, the stock has risen 5.5% to JP¥4,025. The fair value is estimated to be JP¥5,032, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%.New Risk • Jan 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% 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: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (5.8% increase in shares outstanding).お知らせ • Dec 10Kitano Construction Corp. to Report Q3, 2025 Results on Feb 12, 2025Kitano Construction Corp. announced that they will report Q3, 2025 results on Feb 12, 2025Buy Or Sell Opportunity • Dec 02Now 17% undervaluedOver the last 90 days, the stock has risen 12% to JP¥4,240. The fair value is estimated to be JP¥5,123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%.New Risk • Dec 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥237 (vs JP¥132 in 2Q 2024)Second quarter 2025 results: EPS: JP¥237 (up from JP¥132 in 2Q 2024). Revenue: JP¥21.2b (up 13% from 2Q 2024). Net income: JP¥1.46b (up 91% from 2Q 2024). Profit margin: 6.9% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Nov 05Now 20% undervaluedOver the last 90 days, the stock has risen 16% to JP¥4,030. The fair value is estimated to be JP¥5,040, 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 30%.分析記事 • Oct 31Calculating The Fair Value Of Kitano Construction Corp. (TSE:1866)Key Insights Kitano Construction's estimated fair value is JP¥5,089 based on 2 Stage Free Cash Flow to Equity Kitano...お知らせ • Sep 13Kitano Construction Corp. to Report Q2, 2025 Results on Nov 11, 2024Kitano Construction Corp. announced that they will report Q2, 2025 results on Nov 11, 2024Reported Earnings • Aug 14First quarter 2025 earnings released: EPS: JP¥107 (vs JP¥94.94 in 1Q 2024)First quarter 2025 results: EPS: JP¥107 (up from JP¥94.94 in 1Q 2024). Revenue: JP¥16.4b (down 18% from 1Q 2024). Net income: JP¥612.0m (up 9.5% from 1Q 2024). Profit margin: 3.7% (up from 2.8% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 06Kitano Construction Corp. (TSE:1866) Screens Well But There Might Be A CatchKitano Construction Corp.'s ( TSE:1866 ) price-to-earnings (or "P/E") ratio of 4.9x might make it look like a strong...Buy Or Sell Opportunity • Aug 05Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to JP¥3,320. The fair value is estimated to be JP¥4,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 24%.お知らせ • Jun 22Kitano Construction Corp. to Report Q1, 2025 Results on Aug 09, 2024Kitano Construction Corp. announced that they will report Q1, 2025 results on Aug 09, 2024Reported Earnings • May 18Full year 2024 earnings released: EPS: JP¥674 (vs JP¥328 in FY 2023)Full year 2024 results: EPS: JP¥674 (up from JP¥328 in FY 2023). Revenue: JP¥85.0b (flat on FY 2023). Net income: JP¥3.90b (up 96% from FY 2023). Profit margin: 4.6% (up from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • May 16Kitano Construction Corp., Annual General Meeting, Jun 26, 2024Kitano Construction Corp., Annual General Meeting, Jun 26, 2024.お知らせ • Mar 23Kitano Construction Corp. to Report Fiscal Year 2024 Results on May 14, 2024Kitano Construction Corp. announced that they will report fiscal year 2024 results on May 14, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%).Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: JP¥253 (vs JP¥180 in 3Q 2023)Third quarter 2024 results: EPS: JP¥253 (up from JP¥180 in 3Q 2023). Revenue: JP¥22.7b (down 6.3% from 3Q 2023). Net income: JP¥1.45b (up 36% from 3Q 2023). Profit margin: 6.4% (up from 4.4% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 09Kitano Construction Corp. to Report Q3, 2024 Results on Feb 13, 2024Kitano Construction Corp. announced that they will report Q3, 2024 results on Feb 13, 2024New Risk • Nov 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.8% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin).Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥132 (vs JP¥202 in 2Q 2023)Second quarter 2024 results: EPS: JP¥132 (down from JP¥202 in 2Q 2023). Revenue: JP¥18.7b (down 13% from 2Q 2023). Net income: JP¥765.0m (down 39% from 2Q 2023). Profit margin: 4.1% (down from 5.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 09Kitano Construction Corp. to Report Q2, 2024 Results on Nov 10, 2023Kitano Construction Corp. announced that they will report Q2, 2024 results on Nov 10, 2023Reported Earnings • Aug 13First quarter 2024 earnings released: EPS: JP¥94.93 (vs JP¥34.53 in 1Q 2023)First quarter 2024 results: EPS: JP¥94.93 (up from JP¥34.53 in 1Q 2023). Revenue: JP¥19.9b (up 55% from 1Q 2023). Net income: JP¥559.0m (up 161% from 1Q 2023). Profit margin: 2.8% (up from 1.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 28Kitano Construction Corp. to Report Q1, 2024 Results on Aug 10, 2023Kitano Construction Corp. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • May 18Full year 2023 earnings released: EPS: JP¥328 (vs JP¥280 in FY 2022)Full year 2023 results: EPS: JP¥328 (up from JP¥280 in FY 2022). Revenue: JP¥85.3b (up 42% from FY 2022). Net income: JP¥1.99b (up 14% from FY 2022). Profit margin: 2.3% (down from 2.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Kitano Construction Corp., Annual General Meeting, Jun 23, 2023Kitano Construction Corp., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥100.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥180 (vs JP¥84.03 in 3Q 2022)Third quarter 2023 results: EPS: JP¥180 (up from JP¥84.03 in 3Q 2022). Revenue: JP¥24.2b (up 66% from 3Q 2022). Net income: JP¥1.07b (up 106% from 3Q 2022). Profit margin: 4.4% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 26Kitano Construction Corp. to Report Q3, 2023 Results on Feb 09, 2023Kitano Construction Corp. announced that they will report Q3, 2023 results on Feb 09, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥202 (vs JP¥17.09 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥202 (up from JP¥17.09 loss in 2Q 2022). Revenue: JP¥21.6b (up 77% from 2Q 2022). Net income: JP¥1.25b (up JP¥1.35b from 2Q 2022). Profit margin: 5.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Yoshinori Uda was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥202 (vs JP¥17.09 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥202 (up from JP¥17.09 loss in 2Q 2022). Revenue: JP¥21.6b (up 77% from 2Q 2022). Net income: JP¥1.25b (up JP¥1.35b from 2Q 2022). Profit margin: 5.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Sep 10Kitano Construction Corp. to Report Q2, 2023 Results on Nov 11, 2022Kitano Construction Corp. announced that they will report Q2, 2023 results on Nov 11, 2022お知らせ • Aug 30Kitano Construction Corp. (TSE:1866) announces an Equity Buyback for 250,000 shares, representing 4.03% for ¥600 million.Kitano Construction Corp. (TSE:1866) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 4.03% of its issued share capital (excluding treasury stock), for a total purchase price of ¥600 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will continue through March 17, 2023. As of July 31, 2022, the company had 6,197,365 issued shares (excluding treasury stock) and 639,488 treasury shares.Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥34.52 (vs JP¥42.88 in 1Q 2022)First quarter 2023 results: EPS: JP¥34.52 (down from JP¥42.88 in 1Q 2022). Revenue: JP¥12.9b (down 6.3% from 1Q 2022). Net income: JP¥214.0m (down 20% from 1Q 2022). Profit margin: 1.7% (down from 1.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.お知らせ • May 13Kitano Construction Corp., Annual General Meeting, Jun 28, 2022Kitano Construction Corp., Annual General Meeting, Jun 28, 2022.Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥280 (vs JP¥291 in FY 2021)Full year 2022 results: EPS: JP¥280 (down from JP¥291 in FY 2021). Revenue: JP¥60.1b (down 20% from FY 2021). Net income: JP¥1.74b (down 3.6% from FY 2021). Profit margin: 2.9% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Yoshinori Uda was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 07Kitano Construction Corp. to Report Fiscal Year 2022 Results on May 10, 2022Kitano Construction Corp. announced that they will report fiscal year 2022 results on May 10, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%).Reported Earnings • Feb 10Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥84.01 (down from JP¥86.57 in 3Q 2021). Revenue: JP¥14.6b (down 31% from 3Q 2021). Net income: JP¥521.0m (down 3.0% from 3Q 2021). Profit margin: 3.6% (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 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 12Second quarter 2022 earnings released: JP¥17.09 loss per share (vs JP¥66.23 profit in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥12.2b (down 36% from 2Q 2021). Net loss: JP¥106.0m (down 126% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 15First quarter 2022 earnings released: EPS JP¥42.88 (vs JP¥34.61 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥13.7b (down 7.8% from 1Q 2021). Net income: JP¥266.0m (up 24% from 1Q 2021). Profit margin: 1.9% (up from 1.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥291 (vs JP¥344 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥75.3b (up 22% from FY 2020). Net income: JP¥1.80b (down 16% from FY 2020). Profit margin: 2.4% (down from 3.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.6%).Is New 90 Day High Low • Mar 16New 90-day high: JP¥2,567The company is up 1.0% from a price of JP¥2,539 on 16 December 2020. Underperformed the Japanese market, which is up 10.0% over the last 90 days. Lagged the Construction industry, which is up 13% over the same period.Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥86.53 (vs JP¥101 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥21.1b (up 40% from 3Q 2020). Net income: JP¥537.0m (down 15% from 3Q 2020). Profit margin: 2.5% (down from 4.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Jan 26New 90-day low: JP¥2,413The company is down 7.0% from its price of JP¥2,596 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period.お知らせ • Dec 30Kitano Construction Corp. to Report Q3, 2021 Results on Feb 12, 2021Kitano Construction Corp. announced that they will report Q3, 2021 results on Feb 12, 2021Is New 90 Day High Low • Dec 18New 90-day low: JP¥2,497The company is down 7.0% from its price of JP¥2,696 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 2.0% over the same period.お知らせ • Sep 12Kitano Construction Corp. to Report Q2, 2021 Results on Nov 11, 2020Kitano Construction Corp. announced that they will report Q2, 2021 results on Nov 11, 2020お知らせ • Jun 29Kitano Construction Corp. to Report Fiscal Year 2021 Results on Aug 06, 2020Kitano Construction Corp. announced that they will report fiscal year 2021 results on Aug 06, 2020株主還元1866JP ConstructionJP 市場7D-4.8%-1.5%-0.4%1Y14.4%47.6%41.1%株主還元を見る業界別リターン: 1866過去 1 年間で47.6 % の収益を上げたJP Construction業界を下回りました。リターン対市場: 1866は、過去 1 年間で41.1 % のリターンを上げたJP市場を下回りました。価格変動Is 1866's price volatile compared to industry and market?1866 volatility1866 Average Weekly Movement4.8%Construction Industry Average Movement4.3%Market Average Movement4.3%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.1%安定した株価: 1866 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1866の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19461,143Takahiro Kitanowww.kitano.co.jpゼネコンである北野建設は、国内外における建設工事の企画、設計、監理、コンサルティングを行っている。事業セグメントは4つ：建設事業、ゴルフ場事業、ホテル事業、広告代理店事業。また、地域・都市開発事業、リゾート開発事業、太陽光発電・開発などの再生可能エネルギー事業も手掛けている。また、ゴルフ場、ホテル、劇場・スポーツ施設の運営、広告代理店業務も行っている。旧社名は北野建築工業（株）で、1948年に北野建設（株）に社名変更した。北野建設は1946年に設立され、東京に本社を置く。もっと見るKitano Construction Corp. 基礎のまとめKitano Construction の収益と売上を時価総額と比較するとどうか。1866 基礎統計学時価総額JP¥27.68b収益（TTM）JP¥3.49b売上高(TTM)JP¥78.79b7.9xPER（株価収益率0.4xP/Sレシオ1866 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1866 損益計算書（TTM）収益JP¥78.79b売上原価JP¥67.10b売上総利益JP¥11.69bその他の費用JP¥8.20b収益JP¥3.49b直近の収益報告Mar 31, 2026次回決算日Aug 06, 2026一株当たり利益（EPS）143.50グロス・マージン14.84%純利益率4.43%有利子負債／自己資本比率0%1866 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.6%現在の配当利回り20%配当性向View Valuation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2026/07/17 21:02終値2026/07/17 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Kitano Construction Corp. 0 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。0
お知らせ • Jun 19Kitano Construction Corp. to Report Q1, 2027 Results on Aug 06, 2026Kitano Construction Corp. announced that they will report Q1, 2027 results on Aug 06, 2026
分析記事 • May 19We Think You Should Be Aware Of Some Concerning Factors In Kitano Construction's (TSE:1866) EarningsKitano Construction Corp.'s ( TSE:1866 ) robust recent earnings didn't do much to move the stock. However the statutory...
Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥144 (vs JP¥141 in FY 2025)Full year 2026 results: EPS: JP¥144 (up from JP¥141 in FY 2025). Revenue: JP¥78.8b (down 2.6% from FY 2025). Net income: JP¥3.49b (up 3.2% from FY 2025). Profit margin: 4.4% (up from 4.2% 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 12% per year whereas the company’s share price has increased by 16% per year.
お知らせ • May 12Kitano Construction Corp., Annual General Meeting, Jun 25, 2026Kitano Construction Corp., Annual General Meeting, Jun 25, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).
Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥39.79 (vs JP¥10.66 in 3Q 2025)Third quarter 2026 results: EPS: JP¥39.79 (up from JP¥10.66 in 3Q 2025). Revenue: JP¥18.1b (down 16% from 3Q 2025). Net income: JP¥968.0m (up 272% from 3Q 2025). Profit margin: 5.4% (up from 1.2% 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 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jun 19Kitano Construction Corp. to Report Q1, 2027 Results on Aug 06, 2026Kitano Construction Corp. announced that they will report Q1, 2027 results on Aug 06, 2026
分析記事 • May 19We Think You Should Be Aware Of Some Concerning Factors In Kitano Construction's (TSE:1866) EarningsKitano Construction Corp.'s ( TSE:1866 ) robust recent earnings didn't do much to move the stock. However the statutory...
Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥144 (vs JP¥141 in FY 2025)Full year 2026 results: EPS: JP¥144 (up from JP¥141 in FY 2025). Revenue: JP¥78.8b (down 2.6% from FY 2025). Net income: JP¥3.49b (up 3.2% from FY 2025). Profit margin: 4.4% (up from 4.2% 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 12% per year whereas the company’s share price has increased by 16% per year.
お知らせ • May 12Kitano Construction Corp., Annual General Meeting, Jun 25, 2026Kitano Construction Corp., Annual General Meeting, Jun 25, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥27.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).
Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥39.79 (vs JP¥10.66 in 3Q 2025)Third quarter 2026 results: EPS: JP¥39.79 (up from JP¥10.66 in 3Q 2025). Revenue: JP¥18.1b (down 16% from 3Q 2025). Net income: JP¥968.0m (up 272% from 3Q 2025). Profit margin: 5.4% (up from 1.2% 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 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Dec 23Unpleasant Surprises Could Be In Store For Kitano Construction Corp.'s (TSE:1866) SharesWith a median price-to-earnings (or "P/E") ratio of close to 14x in Japan, you could be forgiven for feeling...
お知らせ • Dec 03Kitano Construction Corp. to Report Q3, 2026 Results on Feb 10, 2026Kitano Construction Corp. announced that they will report Q3, 2026 results on Feb 10, 2026
New Risk • Nov 15New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin).
Reported Earnings • Nov 15Second quarter 2026 earnings releasedSecond quarter 2026 results: Revenue: JP¥19.1b (down 10% from 2Q 2025). Net income: JP¥867.0m (down 41% from 2Q 2025). Profit margin: 4.5% (down from 6.9% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Sep 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change).
お知らせ • Sep 03Kitano Construction Corp. to Report Q2, 2026 Results on Nov 12, 2025Kitano Construction Corp. announced that they will report Q2, 2026 results on Nov 12, 2025
Reported Earnings • Aug 08First quarter 2026 earnings released: EPS: JP¥79.03 (vs JP¥107 in 1Q 2025)First quarter 2026 results: EPS: JP¥79.03 (down from JP¥107 in 1Q 2025). Revenue: JP¥18.9b (up 15% from 1Q 2025). Net income: JP¥480.0m (down 22% from 1Q 2025). Profit margin: 2.5% (down from 3.7% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jun 04Kitano Construction Corp. to Report Q1, 2026 Results on Aug 07, 2025Kitano Construction Corp. announced that they will report Q1, 2026 results on Aug 07, 2025
分析記事 • May 20There Might Be More To Kitano Construction's (TSE:1866) Story Than Just Weak EarningsThe recent earnings release from Kitano Construction Corp. ( TSE:1866 ) was disappointing to investors. We looked...
Reported Earnings • May 17Full year 2025 earnings released: EPS: JP¥562 (vs JP¥674 in FY 2024)Full year 2025 results: EPS: JP¥562 (down from JP¥674 in FY 2024). Revenue: JP¥80.9b (down 4.8% from FY 2024). Net income: JP¥3.38b (down 13% from FY 2024). Profit margin: 4.2% (down from 4.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year.
お知らせ • May 13Kitano Construction Corp., Annual General Meeting, Jun 24, 2025Kitano Construction Corp., Annual General Meeting, Jun 24, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥3,400, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 76% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%).
お知らせ • Mar 18Kitano Construction Corp. to Report Fiscal Year 2025 Results on May 13, 2025Kitano Construction Corp. announced that they will report fiscal year 2025 results on May 13, 2025
Reported Earnings • Feb 14Third quarter 2025 earnings released: EPS: JP¥42.64 (vs JP¥253 in 3Q 2024)Third quarter 2025 results: EPS: JP¥42.64 (down from JP¥253 in 3Q 2024). Revenue: JP¥21.6b (down 4.8% from 3Q 2024). Net income: JP¥260.0m (down 82% from 3Q 2024). Profit margin: 1.2% (down from 6.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year.
分析記事 • Feb 06A Look At The Fair Value Of Kitano Construction Corp. (TSE:1866)Key Insights The projected fair value for Kitano Construction is JP¥5,069 based on 2 Stage Free Cash Flow to Equity...
Buy Or Sell Opportunity • Jan 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.4% to JP¥3,985. The fair value is estimated to be JP¥5,049, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%.
Buy Or Sell Opportunity • Jan 15Now 20% undervaluedOver the last 90 days, the stock has risen 5.5% to JP¥4,025. The fair value is estimated to be JP¥5,032, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%.
New Risk • Jan 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% 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: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (5.8% increase in shares outstanding).
お知らせ • Dec 10Kitano Construction Corp. to Report Q3, 2025 Results on Feb 12, 2025Kitano Construction Corp. announced that they will report Q3, 2025 results on Feb 12, 2025
Buy Or Sell Opportunity • Dec 02Now 17% undervaluedOver the last 90 days, the stock has risen 12% to JP¥4,240. The fair value is estimated to be JP¥5,123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%.
New Risk • Dec 02New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥237 (vs JP¥132 in 2Q 2024)Second quarter 2025 results: EPS: JP¥237 (up from JP¥132 in 2Q 2024). Revenue: JP¥21.2b (up 13% from 2Q 2024). Net income: JP¥1.46b (up 91% from 2Q 2024). Profit margin: 6.9% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Nov 05Now 20% undervaluedOver the last 90 days, the stock has risen 16% to JP¥4,030. The fair value is estimated to be JP¥5,040, 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 30%.
分析記事 • Oct 31Calculating The Fair Value Of Kitano Construction Corp. (TSE:1866)Key Insights Kitano Construction's estimated fair value is JP¥5,089 based on 2 Stage Free Cash Flow to Equity Kitano...
お知らせ • Sep 13Kitano Construction Corp. to Report Q2, 2025 Results on Nov 11, 2024Kitano Construction Corp. announced that they will report Q2, 2025 results on Nov 11, 2024
Reported Earnings • Aug 14First quarter 2025 earnings released: EPS: JP¥107 (vs JP¥94.94 in 1Q 2024)First quarter 2025 results: EPS: JP¥107 (up from JP¥94.94 in 1Q 2024). Revenue: JP¥16.4b (down 18% from 1Q 2024). Net income: JP¥612.0m (up 9.5% from 1Q 2024). Profit margin: 3.7% (up from 2.8% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 06Kitano Construction Corp. (TSE:1866) Screens Well But There Might Be A CatchKitano Construction Corp.'s ( TSE:1866 ) price-to-earnings (or "P/E") ratio of 4.9x might make it look like a strong...
Buy Or Sell Opportunity • Aug 05Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.9% to JP¥3,320. The fair value is estimated to be JP¥4,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 24%.
お知らせ • Jun 22Kitano Construction Corp. to Report Q1, 2025 Results on Aug 09, 2024Kitano Construction Corp. announced that they will report Q1, 2025 results on Aug 09, 2024
Reported Earnings • May 18Full year 2024 earnings released: EPS: JP¥674 (vs JP¥328 in FY 2023)Full year 2024 results: EPS: JP¥674 (up from JP¥328 in FY 2023). Revenue: JP¥85.0b (flat on FY 2023). Net income: JP¥3.90b (up 96% from FY 2023). Profit margin: 4.6% (up from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 16Kitano Construction Corp., Annual General Meeting, Jun 26, 2024Kitano Construction Corp., Annual General Meeting, Jun 26, 2024.
お知らせ • Mar 23Kitano Construction Corp. to Report Fiscal Year 2024 Results on May 14, 2024Kitano Construction Corp. announced that they will report fiscal year 2024 results on May 14, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥100.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%).
Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: JP¥253 (vs JP¥180 in 3Q 2023)Third quarter 2024 results: EPS: JP¥253 (up from JP¥180 in 3Q 2023). Revenue: JP¥22.7b (down 6.3% from 3Q 2023). Net income: JP¥1.45b (up 36% from 3Q 2023). Profit margin: 6.4% (up from 4.4% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 09Kitano Construction Corp. to Report Q3, 2024 Results on Feb 13, 2024Kitano Construction Corp. announced that they will report Q3, 2024 results on Feb 13, 2024
New Risk • Nov 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.8% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin).
Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥132 (vs JP¥202 in 2Q 2023)Second quarter 2024 results: EPS: JP¥132 (down from JP¥202 in 2Q 2023). Revenue: JP¥18.7b (down 13% from 2Q 2023). Net income: JP¥765.0m (down 39% from 2Q 2023). Profit margin: 4.1% (down from 5.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 09Kitano Construction Corp. to Report Q2, 2024 Results on Nov 10, 2023Kitano Construction Corp. announced that they will report Q2, 2024 results on Nov 10, 2023
Reported Earnings • Aug 13First quarter 2024 earnings released: EPS: JP¥94.93 (vs JP¥34.53 in 1Q 2023)First quarter 2024 results: EPS: JP¥94.93 (up from JP¥34.53 in 1Q 2023). Revenue: JP¥19.9b (up 55% from 1Q 2023). Net income: JP¥559.0m (up 161% from 1Q 2023). Profit margin: 2.8% (up from 1.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 28Kitano Construction Corp. to Report Q1, 2024 Results on Aug 10, 2023Kitano Construction Corp. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • May 18Full year 2023 earnings released: EPS: JP¥328 (vs JP¥280 in FY 2022)Full year 2023 results: EPS: JP¥328 (up from JP¥280 in FY 2022). Revenue: JP¥85.3b (up 42% from FY 2022). Net income: JP¥1.99b (up 14% from FY 2022). Profit margin: 2.3% (down from 2.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Kitano Construction Corp., Annual General Meeting, Jun 23, 2023Kitano Construction Corp., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥100.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥180 (vs JP¥84.03 in 3Q 2022)Third quarter 2023 results: EPS: JP¥180 (up from JP¥84.03 in 3Q 2022). Revenue: JP¥24.2b (up 66% from 3Q 2022). Net income: JP¥1.07b (up 106% from 3Q 2022). Profit margin: 4.4% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 26Kitano Construction Corp. to Report Q3, 2023 Results on Feb 09, 2023Kitano Construction Corp. announced that they will report Q3, 2023 results on Feb 09, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥202 (vs JP¥17.09 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥202 (up from JP¥17.09 loss in 2Q 2022). Revenue: JP¥21.6b (up 77% from 2Q 2022). Net income: JP¥1.25b (up JP¥1.35b from 2Q 2022). Profit margin: 5.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Yoshinori Uda was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥202 (vs JP¥17.09 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥202 (up from JP¥17.09 loss in 2Q 2022). Revenue: JP¥21.6b (up 77% from 2Q 2022). Net income: JP¥1.25b (up JP¥1.35b from 2Q 2022). Profit margin: 5.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Sep 10Kitano Construction Corp. to Report Q2, 2023 Results on Nov 11, 2022Kitano Construction Corp. announced that they will report Q2, 2023 results on Nov 11, 2022
お知らせ • Aug 30Kitano Construction Corp. (TSE:1866) announces an Equity Buyback for 250,000 shares, representing 4.03% for ¥600 million.Kitano Construction Corp. (TSE:1866) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 4.03% of its issued share capital (excluding treasury stock), for a total purchase price of ¥600 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will continue through March 17, 2023. As of July 31, 2022, the company had 6,197,365 issued shares (excluding treasury stock) and 639,488 treasury shares.
Reported Earnings • Aug 12First quarter 2023 earnings released: EPS: JP¥34.52 (vs JP¥42.88 in 1Q 2022)First quarter 2023 results: EPS: JP¥34.52 (down from JP¥42.88 in 1Q 2022). Revenue: JP¥12.9b (down 6.3% from 1Q 2022). Net income: JP¥214.0m (down 20% from 1Q 2022). Profit margin: 1.7% (down from 1.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year.
お知らせ • May 13Kitano Construction Corp., Annual General Meeting, Jun 28, 2022Kitano Construction Corp., Annual General Meeting, Jun 28, 2022.
Reported Earnings • May 11Full year 2022 earnings released: EPS: JP¥280 (vs JP¥291 in FY 2021)Full year 2022 results: EPS: JP¥280 (down from JP¥291 in FY 2021). Revenue: JP¥60.1b (down 20% from FY 2021). Net income: JP¥1.74b (down 3.6% from FY 2021). Profit margin: 2.9% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Yoshinori Uda was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 07Kitano Construction Corp. to Report Fiscal Year 2022 Results on May 10, 2022Kitano Construction Corp. announced that they will report fiscal year 2022 results on May 10, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%).
Reported Earnings • Feb 10Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥84.01 (down from JP¥86.57 in 3Q 2021). Revenue: JP¥14.6b (down 31% from 3Q 2021). Net income: JP¥521.0m (down 3.0% from 3Q 2021). Profit margin: 3.6% (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 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 12Second quarter 2022 earnings released: JP¥17.09 loss per share (vs JP¥66.23 profit in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥12.2b (down 36% from 2Q 2021). Net loss: JP¥106.0m (down 126% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 15First quarter 2022 earnings released: EPS JP¥42.88 (vs JP¥34.61 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥13.7b (down 7.8% from 1Q 2021). Net income: JP¥266.0m (up 24% from 1Q 2021). Profit margin: 1.9% (up from 1.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥291 (vs JP¥344 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥75.3b (up 22% from FY 2020). Net income: JP¥1.80b (down 16% from FY 2020). Profit margin: 2.4% (down from 3.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥90.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.6%).
Is New 90 Day High Low • Mar 16New 90-day high: JP¥2,567The company is up 1.0% from a price of JP¥2,539 on 16 December 2020. Underperformed the Japanese market, which is up 10.0% over the last 90 days. Lagged the Construction industry, which is up 13% over the same period.
Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥86.53 (vs JP¥101 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥21.1b (up 40% from 3Q 2020). Net income: JP¥537.0m (down 15% from 3Q 2020). Profit margin: 2.5% (down from 4.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Jan 26New 90-day low: JP¥2,413The company is down 7.0% from its price of JP¥2,596 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period.
お知らせ • Dec 30Kitano Construction Corp. to Report Q3, 2021 Results on Feb 12, 2021Kitano Construction Corp. announced that they will report Q3, 2021 results on Feb 12, 2021
Is New 90 Day High Low • Dec 18New 90-day low: JP¥2,497The company is down 7.0% from its price of JP¥2,696 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 2.0% over the same period.
お知らせ • Sep 12Kitano Construction Corp. to Report Q2, 2021 Results on Nov 11, 2020Kitano Construction Corp. announced that they will report Q2, 2021 results on Nov 11, 2020
お知らせ • Jun 29Kitano Construction Corp. to Report Fiscal Year 2021 Results on Aug 06, 2020Kitano Construction Corp. announced that they will report fiscal year 2021 results on Aug 06, 2020
