TSE:1967Construction
Yamato (TSE:1967) Net Profit Margin More Than Doubles, Challenging Defensive-Only Narrative
Yamato (TSE:1967) posted a net profit margin of 7.7%, significantly higher than last year’s 3.4%, reflecting a sharp upturn in profitability. Earnings soared 149.4% year-over-year, far outpacing the company’s five-year average annual growth rate of 7.5%. With shares trading at ¥1,899, below an estimated fair value of ¥2,367.94, and the price-to-earnings ratio at 11.1x, which is under both the Japanese construction industry average and direct peers, the setup is compelling for investors...