New Risk • May 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 10% 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: Major Risk Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥1.81b market cap, or US$11.4m). Reported Earnings • Feb 28
First quarter 2026 earnings released: EPS: JP¥5.36 (vs JP¥8.75 in 1Q 2025) First quarter 2026 results: EPS: JP¥5.36 (down from JP¥8.75 in 1Q 2025). Revenue: JP¥801.0m (flat on 1Q 2025). Net income: JP¥30.0m (down 39% from 1Q 2025). Profit margin: 3.7% (down from 6.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.07b market cap, or US$13.4m). 공시 • Dec 04
KITAC Corporation, Annual General Meeting, Jan 16, 2026 KITAC Corporation, Annual General Meeting, Jan 16, 2026. Upcoming Dividend • Oct 10
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 17 October 2025. Payment date: 20 January 2026. Payout ratio is a comfortable 9.3% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). 공시 • Oct 08
KITAC Corporation to Report Fiscal Year 2025 Results on Dec 04, 2025 KITAC Corporation announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Dec 04, 2025 Reported Earnings • Aug 31
Third quarter 2025 earnings released: JP¥4.82 loss per share (vs JP¥3.75 profit in 3Q 2024) Third quarter 2025 results: JP¥4.82 loss per share (down from JP¥3.75 profit in 3Q 2024). Revenue: JP¥790.0m (up 14% from 3Q 2024). Net loss: JP¥27.0m (down 229% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 공시 • Jul 03
KITAC Corporation to Report Q3, 2025 Results on Aug 29, 2025 KITAC Corporation announced that they will report Q3, 2025 results on Aug 29, 2025 New Risk • Jun 10
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥1.92b market cap, or US$13.2m). Reported Earnings • Jun 02
Second quarter 2025 earnings released: EPS: JP¥34.10 (vs JP¥15.36 in 2Q 2024) Second quarter 2025 results: EPS: JP¥34.10 (up from JP¥15.36 in 2Q 2024). Revenue: JP¥958.0m (up 13% from 2Q 2024). Net income: JP¥191.0m (up 122% from 2Q 2024). Profit margin: 20% (up from 10% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 공시 • Apr 10
KITAC Corporation to Report Q2, 2025 Results on May 30, 2025 KITAC Corporation announced that they will report Q2, 2025 results on May 30, 2025 New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥1.58b market cap, or US$10.8m). Buy Or Sell Opportunity • Apr 07
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥283. The fair value is estimated to be JP¥393, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 01
First quarter 2025 earnings released: EPS: JP¥8.75 (vs JP¥15.18 in 1Q 2024) First quarter 2025 results: EPS: JP¥8.75 (down from JP¥15.18 in 1Q 2024). Revenue: JP¥801.0m (up 1.9% from 1Q 2024). Net income: JP¥49.0m (down 42% from 1Q 2024). Profit margin: 6.1% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Feb 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥2.21b market cap, or US$14.7m). 공시 • Jan 17
KITAC Corporation to Report Q1, 2025 Results on Feb 28, 2025 KITAC Corporation announced that they will report Q1, 2025 results on Feb 28, 2025 New Risk • Jan 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (JP¥1.90b market cap, or US$12.0m). Reported Earnings • Dec 06
Full year 2024 earnings released: EPS: JP¥49.82 (vs JP¥30.89 in FY 2023) Full year 2024 results: EPS: JP¥49.82 (up from JP¥30.89 in FY 2023). Revenue: JP¥3.34b (up 20% from FY 2023). Net income: JP¥279.0m (up 61% from FY 2023). Profit margin: 8.3% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 공시 • Dec 04
KITAC Corporation, Annual General Meeting, Jan 17, 2025 KITAC Corporation, Annual General Meeting, Jan 17, 2025. 공시 • Oct 26
KITAC Corporation to Report Fiscal Year 2024 Results on Nov 29, 2024 KITAC Corporation announced that they will report fiscal year 2024 results on Nov 29, 2024 Upcoming Dividend • Oct 10
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 17 October 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 9.0% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (JP¥2.25b market cap, or US$16.0m). Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥388, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 1.9% over the past three years. Reported Earnings • Sep 02
Third quarter 2024 earnings released: EPS: JP¥3.75 (vs JP¥4.82 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.75 (up from JP¥4.82 loss in 3Q 2023). Revenue: JP¥692.0m (up 26% from 3Q 2023). Net income: JP¥21.0m (up JP¥48.0m from 3Q 2023). Profit margin: 3.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Aug 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥1.86b market cap, or US$12.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to JP¥286, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 11x in the Construction industry in Japan. Total loss to shareholders of 13% over the past three years. 공시 • Jul 21
KITAC Corporation to Report Q3, 2024 Results on Aug 30, 2024 KITAC Corporation announced that they will report Q3, 2024 results on Aug 30, 2024 Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥402, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 28% over the past three years. Reported Earnings • May 27
Second quarter 2024 earnings released: EPS: JP¥15.36 (vs JP¥9.82 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.36 (up from JP¥9.82 in 2Q 2023). Revenue: JP¥849.0m (up 23% from 2Q 2023). Net income: JP¥86.0m (up 56% from 2Q 2023). Profit margin: 10% (up from 8.0% in 2Q 2023). The increase in margin was driven by higher revenue. 공시 • Apr 29
KITAC Corporation to Report Q2, 2024 Results on May 24, 2024 KITAC Corporation announced that they will report Q2, 2024 results on May 24, 2024 Reported Earnings • Feb 24
First quarter 2024 earnings released: EPS: JP¥15.18 (vs JP¥4.82 in 1Q 2023) First quarter 2024 results: EPS: JP¥15.18 (up from JP¥4.82 in 1Q 2023). Revenue: JP¥786.0m (up 7.8% from 1Q 2023). Net income: JP¥85.0m (up 215% from 1Q 2023). Profit margin: 11% (up from 3.7% in 1Q 2023). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥440, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 31% over the past three years. 공시 • Jan 06
KITAC Corporation to Report Q1, 2024 Results on Feb 22, 2024 KITAC Corporation announced that they will report Q1, 2024 results on Feb 22, 2024 Reported Earnings • Dec 05
Full year 2023 earnings released: EPS: JP¥30.89 (vs JP¥16.07 in FY 2022) Full year 2023 results: EPS: JP¥30.89 (up from JP¥16.07 in FY 2022). Revenue: JP¥2.78b (up 3.0% from FY 2022). Net income: JP¥173.0m (up 92% from FY 2022). Profit margin: 6.2% (up from 3.3% in FY 2022). 공시 • Dec 03
KITAC Corporation, Annual General Meeting, Jan 12, 2024 KITAC Corporation, Annual General Meeting, Jan 12, 2024. Upcoming Dividend • Oct 12
Upcoming dividend of JP¥5.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 19 October 2023. Payment date: 18 January 2024. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.1%). 공시 • Oct 05
KITAC Corporation to Report Fiscal Year 2023 Results on Dec 01, 2023 KITAC Corporation announced that they will report fiscal year 2023 results on Dec 01, 2023 Reported Earnings • Aug 28
Third quarter 2023 earnings released: JP¥4.82 loss per share (vs JP¥9.29 loss in 3Q 2022) Third quarter 2023 results: JP¥4.82 loss per share (improved from JP¥9.29 loss in 3Q 2022). Revenue: JP¥551.0m (up 4.0% from 3Q 2022). Net loss: JP¥27.0m (loss narrowed 48% from 3Q 2022). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥392, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 32% over the past three years. Reported Earnings • May 30
Second quarter 2023 earnings released: EPS: JP¥9.82 (vs JP¥13.04 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.82 (down from JP¥13.04 in 2Q 2022). Revenue: JP¥690.0m (down 5.6% from 2Q 2022). Net income: JP¥55.0m (down 25% from 2Q 2022). Profit margin: 8.0% (down from 10.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥309, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥366, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 2.6% over the past three years. 공시 • Jan 13
KITAC Corporation to Report Q1, 2023 Results on Feb 24, 2023 KITAC Corporation announced that they will report Q1, 2023 results on Feb 24, 2023 공시 • Dec 04
KITAC Corporation, Annual General Meeting, Jan 17, 2023 KITAC Corporation, Annual General Meeting, Jan 17, 2023. 공시 • Oct 14
KITAC Corporation to Report Q4, 2022 Results on Dec 02, 2022 KITAC Corporation announced that they will report Q4, 2022 results on Dec 02, 2022 Upcoming Dividend • Oct 12
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 19 October 2022. Payment date: 17 January 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.6%). 공시 • Jul 28
KITAC Corporation to Report Q3, 2022 Results on Aug 26, 2022 KITAC Corporation announced that they will report Q3, 2022 results on Aug 26, 2022 공시 • Apr 08
KITAC Corporation to Report Q2, 2022 Results on May 27, 2022 KITAC Corporation announced that they will report Q2, 2022 results on May 27, 2022 공시 • Jan 28
KITAC Corporation to Report Q1, 2022 Results on Feb 25, 2022 KITAC Corporation announced that they will report Q1, 2022 results on Feb 25, 2022 Upcoming Dividend • Oct 12
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 19 October 2021. Payment date: 15 January 2022. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.0%). Is New 90 Day High Low • Feb 25
New 90-day high: JP¥359 The company is up 11% from its price of JP¥323 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: JP¥346 The company is up 8.0% from its price of JP¥320 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 7.0% over the same period. 공시 • Jan 16
KITAC Corporation to Report Q1, 2021 Results on Feb 26, 2021 KITAC Corporation announced that they will report Q1, 2021 results on Feb 26, 2021 Is New 90 Day High Low • Oct 30
New 90-day low: JP¥312 The company is down 2.0% from its price of JP¥318 on 31 July 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 1.0% over the same period. 공시 • Oct 18
KITAC Corporation to Report Fiscal Year 2020 Results on Dec 04, 2020 KITAC Corporation announced that they will report fiscal year 2020 results on Dec 04, 2020 Upcoming Dividend • Oct 12
Upcoming Dividend of JP¥5.00 Per Share Will be paid on the 16th of January to those who are registered shareholders by the 19th of October. The trailing yield of 1.5% is below the top quartile of Japanese dividend payers (3.1%), and is lower than industry peers (3.0%). 공시 • Aug 03
KITAC Corporation to Report Q3, 2020 Results on Aug 28, 2020 KITAC Corporation announced that they will report Q3, 2020 results on Aug 28, 2020