Meiko ConstructionLtd (1869) 주식 개요메이코 건설(주)는 자회사와 함께 일본에서 건설 사업을 하고 있습니다. 자세히 보기1869 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장0/6과거 실적4/6재무 건전성5/6배당4/6강점공정 가치 추정치보다 낮은 72.8% 에서 거래지난 5년 동안 수입이 매년 1.1% 증가했습니다.위험 분석3.29% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기1869 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW491,774 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 NarrativeBLINROAG491,774 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥2.01k26.2% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0109b2016201920222025202620282031Revenue JP¥109.2bEarnings JP¥6.7bAdvancedSet Fair ValueView all narrativesMeiko Construction Co.,Ltd. 경쟁사Seikitokyu KogyoSymbol: TSE:1898Market cap: JP¥53.8bNittoc ConstructionSymbol: TSE:1929Market cap: JP¥47.1bZenitakaSymbol: TSE:1811Market cap: JP¥58.7bOriental ShiraishiSymbol: TSE:1786Market cap: JP¥46.4b가격 이력 및 성과Meiko ConstructionLtd 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥2,008.0052주 최고가JP¥2,136.0052주 최저가JP¥1,342.00베타0.221개월 변동19.03%3개월 변동14.16%1년 변동47.97%3년 변동80.09%5년 변동76.14%IPO 이후 변동90.41%최근 뉴스 및 업데이트공시 • Jun 24Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026, at 10:00 Tokyo Standard Time. Location: 1-1-1 biwajima ekimae higashi, kiyosu city, aichi prefecture, kiyosu JapanBoard Change • May 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥236 (vs JP¥205 in FY 2025)Full year 2026 results: EPS: JP¥236 (up from JP¥205 in FY 2025). Revenue: JP¥97.0b (up 4.1% from FY 2025). Net income: JP¥5.97b (up 15% from FY 2025). Profit margin: 6.2% (up from 5.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Board Change • May 01Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% and the cash payout ratio is 90%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).Board Change • Feb 25Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.더 많은 업데이트 보기Recent updates공시 • Jun 24Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026, at 10:00 Tokyo Standard Time. Location: 1-1-1 biwajima ekimae higashi, kiyosu city, aichi prefecture, kiyosu JapanBoard Change • May 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥236 (vs JP¥205 in FY 2025)Full year 2026 results: EPS: JP¥236 (up from JP¥205 in FY 2025). Revenue: JP¥97.0b (up 4.1% from FY 2025). Net income: JP¥5.97b (up 15% from FY 2025). Profit margin: 6.2% (up from 5.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Board Change • May 01Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% and the cash payout ratio is 90%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).Board Change • Feb 25Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Board Change • Feb 05Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Board Change • Dec 25Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Jun 04Meiko Construction Co.,Ltd., Annual General Meeting, Jun 27, 2025Meiko Construction Co.,Ltd., Annual General Meeting, Jun 27, 2025, at 10:00 Tokyo Standard Time. Location: 1-1-1 biwajima station east, aichi prefecture, meiko construction co.ltd., 5th floor conference room, kiyosu JapanBoard Change • May 28Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • May 11New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.6% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥205 (vs JP¥160 in FY 2024)Full year 2025 results: EPS: JP¥205 (up from JP¥160 in FY 2024). Revenue: JP¥93.2b (up 8.1% from FY 2024). Net income: JP¥5.18b (up 29% from FY 2024). Profit margin: 5.6% (up from 4.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Board Change • May 01Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 21Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%).Board Change • Mar 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 19Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 01Second quarter 2025 earnings released: EPS: JP¥62.75 (vs JP¥33.40 in 2Q 2024)Second quarter 2025 results: EPS: JP¥62.75 (up from JP¥33.40 in 2Q 2024). Revenue: JP¥21.9b (up 5.0% from 2Q 2024). Net income: JP¥1.58b (up 88% from 2Q 2024). Profit margin: 7.2% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 20Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%).Reported Earnings • Aug 03First quarter 2025 earnings released: EPS: JP¥18.58 (vs JP¥28.21 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.58 (down from JP¥28.21 in 1Q 2024). Revenue: JP¥18.4b (down 4.0% from 1Q 2024). Net income: JP¥469.0m (down 34% from 1Q 2024). Profit margin: 2.6% (down from 3.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.공시 • Jun 13Meiko Construction Co.,Ltd., Annual General Meeting, Jun 25, 2024Meiko Construction Co.,Ltd., Annual General Meeting, Jun 25, 2024, at 10:00 Tokyo Standard Time. Location: 1-1 higashi 1-chome, hiwajima ekimae, aichi prefecture meiko construction co., ltd, 5th floor conference room, kiyosu JapanReported Earnings • May 15Full year 2024 earnings released: EPS: JP¥160 (vs JP¥184 in FY 2023)Full year 2024 results: EPS: JP¥160 (down from JP¥184 in FY 2023). Revenue: JP¥86.2b (up 2.4% from FY 2023). Net income: JP¥4.03b (down 14% from FY 2023). Profit margin: 4.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.주주 수익률1869JP ConstructionJP 시장7D1.4%-2.9%-0.9%1Y48.0%50.8%42.9%전체 주주 수익률 보기수익률 대 산업: 1869은 지난 1년 동안 50.8%의 수익을 기록한 JP Construction 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 1869은 지난 1년 동안 42.9%를 기록한 JP 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is 1869's price volatile compared to industry and market?1869 volatility1869 Average Weekly Movement3.3%Construction Industry Average Movement4.2%Market Average Movement4.2%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.1%안정적인 주가: 1869는 지난 3개월 동안 JP 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 1869의 주간 변동성(3%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19411,235Tokuji Matsunowww.meikokensetsu.co.jp메이코 건설은 자회사와 함께 일본에서 건설 사업을 영위하고 있습니다. 이 회사는 건설 사업과 부동산 사업의 두 가지 부문으로 운영됩니다. 터널, 도로, 상하수도, 지하철 시설뿐만 아니라 콘도미니엄, 리조트 시설, 공장, 대규모 공공건물 등을 건설합니다.더 보기Meiko Construction Co.,Ltd. 기초 지표 요약Meiko ConstructionLtd의 순이익과 매출은 시가총액과 어떻게 비교됩니까?1869 기초 통계시가총액JP¥50.69b순이익 (TTM)JP¥5.97b매출 (TTM)JP¥96.95b8.5x주가수익비율(P/E)0.5x주가매출비율(P/S)1869는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표1869 손익계산서 (TTM)매출JP¥96.95b매출원가JP¥83.35b총이익JP¥13.60b기타 비용JP¥7.63b순이익JP¥5.97b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)236.46총이익률14.03%순이익률6.16%부채/자본 비율10.0%1869의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당3.3%현재 배당 수익률28%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/12 08:57종가2026/07/10 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Meiko Construction Co.,Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yoko MizoguchiIchiyoshi Research Institute Inc.
공시 • Jun 24Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026, at 10:00 Tokyo Standard Time. Location: 1-1-1 biwajima ekimae higashi, kiyosu city, aichi prefecture, kiyosu Japan
Board Change • May 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥236 (vs JP¥205 in FY 2025)Full year 2026 results: EPS: JP¥236 (up from JP¥205 in FY 2025). Revenue: JP¥97.0b (up 4.1% from FY 2025). Net income: JP¥5.97b (up 15% from FY 2025). Profit margin: 6.2% (up from 5.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • May 01Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% and the cash payout ratio is 90%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).
Board Change • Feb 25Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Jun 24Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026Meiko Construction Co.,Ltd., Annual General Meeting, Jun 26, 2026, at 10:00 Tokyo Standard Time. Location: 1-1-1 biwajima ekimae higashi, kiyosu city, aichi prefecture, kiyosu Japan
Board Change • May 20Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • May 13Full year 2026 earnings released: EPS: JP¥236 (vs JP¥205 in FY 2025)Full year 2026 results: EPS: JP¥236 (up from JP¥205 in FY 2025). Revenue: JP¥97.0b (up 4.1% from FY 2025). Net income: JP¥5.97b (up 15% from FY 2025). Profit margin: 6.2% (up from 5.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • May 01Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 28% and the cash payout ratio is 90%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%).
Board Change • Feb 25Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Board Change • Feb 05Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Board Change • Dec 25Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Jun 04Meiko Construction Co.,Ltd., Annual General Meeting, Jun 27, 2025Meiko Construction Co.,Ltd., Annual General Meeting, Jun 27, 2025, at 10:00 Tokyo Standard Time. Location: 1-1-1 biwajima station east, aichi prefecture, meiko construction co.ltd., 5th floor conference room, kiyosu Japan
Board Change • May 28Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • May 11New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.6% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 09Full year 2025 earnings released: EPS: JP¥205 (vs JP¥160 in FY 2024)Full year 2025 results: EPS: JP¥205 (up from JP¥160 in FY 2024). Revenue: JP¥93.2b (up 8.1% from FY 2024). Net income: JP¥5.18b (up 29% from FY 2024). Profit margin: 5.6% (up from 4.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Board Change • May 01Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%).
Board Change • Mar 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 19Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Koichi Maekawa was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 01Second quarter 2025 earnings released: EPS: JP¥62.75 (vs JP¥33.40 in 2Q 2024)Second quarter 2025 results: EPS: JP¥62.75 (up from JP¥33.40 in 2Q 2024). Revenue: JP¥21.9b (up 5.0% from 2Q 2024). Net income: JP¥1.58b (up 88% from 2Q 2024). Profit margin: 7.2% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 November 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%).
Reported Earnings • Aug 03First quarter 2025 earnings released: EPS: JP¥18.58 (vs JP¥28.21 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.58 (down from JP¥28.21 in 1Q 2024). Revenue: JP¥18.4b (down 4.0% from 1Q 2024). Net income: JP¥469.0m (down 34% from 1Q 2024). Profit margin: 2.6% (down from 3.7% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
공시 • Jun 13Meiko Construction Co.,Ltd., Annual General Meeting, Jun 25, 2024Meiko Construction Co.,Ltd., Annual General Meeting, Jun 25, 2024, at 10:00 Tokyo Standard Time. Location: 1-1 higashi 1-chome, hiwajima ekimae, aichi prefecture meiko construction co., ltd, 5th floor conference room, kiyosu Japan
Reported Earnings • May 15Full year 2024 earnings released: EPS: JP¥160 (vs JP¥184 in FY 2023)Full year 2024 results: EPS: JP¥160 (down from JP¥184 in FY 2023). Revenue: JP¥86.2b (up 2.4% from FY 2023). Net income: JP¥4.03b (down 14% from FY 2023). Profit margin: 4.7% (down from 5.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
