Live nieuws • May 25
Oasis Nominates Independent Director at COMSYS AGM Seeking Growth and Improved Governance Oasis Management, which manages funds holding over 6.3% of COMSYS Holdings, has nominated an independent outside director candidate for the upcoming AGM.
The activist investor says the proposal is aimed at accelerating COMSYS’s growth and improving its corporate governance.
Oasis argues that COMSYS’s share price performance trails peers in social infrastructure-related areas, including data center, construction, civil engineering and renewable energy businesses.
A more independent board voice backed by a sizeable shareholder can increase pressure on COMSYS to reassess capital allocation, business focus and governance practices.
Investors may want to watch AGM outcomes closely, since any shift in board composition could influence future decisions on portfolio mix, shareholder returns and communication with investors. Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥312 (up from JP¥254 in FY 2025). Revenue: JP¥630.7b (up 2.6% from FY 2025). Net income: JP¥36.3b (up 21% from FY 2025). Profit margin: 5.8% (up from 4.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 13
COMSYS Holdings Corporation (TSE:1721) announces an Equity Buyback for 2,750,000 shares, representing 2.38% for ¥11,000 million. COMSYS Holdings Corporation (TSE:1721) announces a share repurchase program. Under the program, the company will repurchase up to 2,750,000 shares, representing 2.38% of its issued share capital, for ¥11,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program is valid till March 31, 2027. As of March 31, 2026, the company had 115,702,057 outstanding shares excluding treasury stock and 2,297,943 treasury shares. Aankondiging • May 12
COMSYS Holdings Corporation, Annual General Meeting, Jun 26, 2026 COMSYS Holdings Corporation, Annual General Meeting, Jun 26, 2026. Buy Or Sell Opportunity • May 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥5,902. The fair value is estimated to be JP¥4,861, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Aankondiging • May 09
COMSYS Holdings Corporation to Report Fiscal Year 2026 Results on May 12, 2026 COMSYS Holdings Corporation announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Price Target Changed • Mar 17
Price target increased by 8.4% to JP¥4,920 Up from JP¥4,540, the current price target is an average from 5 analysts. New target price is 8.9% below last closing price of JP¥5,401. Stock is up 66% over the past year. The company is forecast to post earnings per share of JP¥300 for next year compared to JP¥254 last year. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥84.39 (vs JP¥72.06 in 3Q 2025) Third quarter 2026 results: EPS: JP¥84.39 (up from JP¥72.06 in 3Q 2025). Revenue: JP¥154.4b (flat on 3Q 2025). Net income: JP¥9.80b (up 15% from 3Q 2025). Profit margin: 6.3% (up from 5.6% in 3Q 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Construction industry in Japan. 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 28% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 07
Price target increased by 9.4% to JP¥4,540 Up from JP¥4,150, the current price target is an average from 5 analysts. New target price is 11% below last closing price of JP¥5,126. Stock is up 61% over the past year. The company is forecast to post earnings per share of JP¥295 for next year compared to JP¥254 last year. Aankondiging • Dec 09
COMSYS Holdings Corporation to Report Q3, 2026 Results on Feb 06, 2026 COMSYS Holdings Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Declared Dividend • Dec 04
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥58.81 (vs JP¥52.78 in 2Q 2025) Second quarter 2026 results: EPS: JP¥58.81 (up from JP¥52.78 in 2Q 2025). Revenue: JP¥142.1b (up 2.2% from 2Q 2025). Net income: JP¥6.86b (up 9.4% from 2Q 2025). Profit margin: 4.8% (up from 4.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Buy Or Sell Opportunity • Oct 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥3,900. The fair value is estimated to be JP¥3,250, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 04 December 2025. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Aankondiging • Sep 17
COMSYS Holdings Corporation to Report Q2, 2026 Results on Nov 07, 2025 COMSYS Holdings Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥49.31 (vs JP¥38.35 in 1Q 2025) First quarter 2026 results: EPS: JP¥49.31 (up from JP¥38.35 in 1Q 2025). Revenue: JP¥128.3b (up 2.5% from 1Q 2025). Net income: JP¥5.79b (up 27% from 1Q 2025). Profit margin: 4.5% (up from 3.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Declared Dividend • Jul 09
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th September 2025 Payment date: 4th December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not covered by cash flows (229% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 24
COMSYS Holdings Corporation to Report Q1, 2026 Results on Aug 07, 2025 COMSYS Holdings Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Buy Or Sell Opportunity • May 19
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥3,307. The fair value is estimated to be JP¥2,744, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 9.0%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 1.8% per annum over the same time period. Reported Earnings • May 10
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥254 (up from JP¥228 in FY 2024). Revenue: JP¥614.6b (up 7.6% from FY 2024). Net income: JP¥30.1b (up 9.6% from FY 2024). Profit margin: 4.9% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Aankondiging • May 10
COMSYS Holdings Corporation (TSE:1721) announces an Equity Buyback for 3,200,000 shares, representing 2.72% for ¥8,000 million. COMSYS Holdings Corporation (TSE:1721) announces a share repurchase program. Under the program, the company will repurchase up to 3,200,000 shares, representing 2.72% of its issued share capital, for ¥8,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program is valid till March 31, 2026. As of March 31, 2025, the company had 117,698,160 outstanding shares excluding treasury stock and 15,301,840 treasury shares. Aankondiging • May 09
COMSYS Holdings Corporation, Annual General Meeting, Jun 27, 2025 COMSYS Holdings Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Aankondiging • Mar 18
COMSYS Holdings Corporation to Report Fiscal Year 2025 Results on May 09, 2025 COMSYS Holdings Corporation announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥72.06 (up from JP¥66.42 in 3Q 2024). Revenue: JP¥153.6b (up 11% from 3Q 2024). Net income: JP¥8.54b (up 7.1% from 3Q 2024). Profit margin: 5.6% (down from 5.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Dec 07
COMSYS Holdings Corporation to Report Q3, 2025 Results on Feb 07, 2025 COMSYS Holdings Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥52.78. Revenue: JP¥139.1b (up 3.7% from 2Q 2024). Net income: JP¥6.27b (flat on 2Q 2024). Profit margin: 4.5% (down from 4.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Aankondiging • Nov 08
COMSYS Holdings Corporation (TSE:1721) announces an Equity Buyback for 1,200,000 shares, representing 1.01% for ¥3,000 million. COMSYS Holdings Corporation (TSE:1721) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 1.01% of its issued share capital, for ¥3,000 million. The purpose of the program is to enhance shareholder returns. The program is valid till March 31, 2025. As of September 30, 2024, the company had 118,556,145 outstanding shares excluding treasury stock and 14,443,855 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Aankondiging • Aug 28
COMSYS Holdings Corporation to Report Q2, 2025 Results on Nov 08, 2024 COMSYS Holdings Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,659, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Construction industry in Japan. Total loss to shareholders of 3.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,254 per share. Aankondiging • Jun 20
COMSYS Holdings Corporation to Report Q1, 2025 Results on Aug 08, 2024 COMSYS Holdings Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥228 (up from JP¥159 in FY 2023). Revenue: JP¥571.2b (up 1.4% from FY 2023). Net income: JP¥27.5b (up 42% from FY 2023). Profit margin: 4.8% (up from 3.4% in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • May 12
COMSYS Holdings Corporation, Annual General Meeting, Jun 27, 2024 COMSYS Holdings Corporation, Annual General Meeting, Jun 27, 2024. Aankondiging • May 11
COMSYS Holdings Corporation (TSE:1721) announces an Equity Buyback for 1,500,000 shares, representing 1.26% for ¥3,000 million. COMSYS Holdings Corporation (TSE:1721) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.26% of its total shares outstanding excluding treasury shares, for a total of ¥3,000 million. The purpose of repurchase program is to further return profits to shareholders. The repurchase program is valid till March 31, 2025. As of March 31, 2024, the company had 119,377,803 shares outstanding excluding treasury shares and had 13,622,197 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.7%). Price Target Changed • Mar 05
Price target increased by 7.7% to JP¥3,316 Up from JP¥3,078, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥3,380. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥231 for next year compared to JP¥159 last year. Aankondiging • Mar 02
COMSYS Holdings Corporation to Report Fiscal Year 2024 Results on May 10, 2024 COMSYS Holdings Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥66.42 (up from JP¥42.07 in 3Q 2023). Revenue: JP¥138.9b (up 9.3% from 3Q 2023). Net income: JP¥7.97b (up 56% from 3Q 2023). Profit margin: 5.7% (up from 4.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Price Target Changed • Dec 12
Price target increased by 9.1% to JP¥3,003 Up from JP¥2,753, the current price target is an average from 6 analysts. New target price is 6.2% below last closing price of JP¥3,202. Stock is up 32% over the past year. The company is forecast to post earnings per share of JP¥212 for next year compared to JP¥159 last year. Aankondiging • Dec 09
COMSYS Holdings Corporation to Report Q3, 2024 Results on Feb 08, 2024 COMSYS Holdings Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥52.37 (up from JP¥31.42 in 2Q 2023). Revenue: JP¥134.1b (up 8.7% from 2Q 2023). Net income: JP¥6.30b (up 64% from 2Q 2023). Profit margin: 4.7% (up from 3.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥50.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.0%). Aankondiging • Aug 30
COMSYS Holdings Corporation to Report Q2, 2024 Results on Nov 09, 2023 COMSYS Holdings Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥26.80 (vs JP¥22.02 in 1Q 2023) First quarter 2024 results: EPS: JP¥26.80 (up from JP¥22.02 in 1Q 2023). Revenue: JP¥110.8b (up 3.1% from 1Q 2023). Net income: JP¥3.23b (up 20% from 1Q 2023). Profit margin: 2.9% (up from 2.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • Jun 07
COMSYS Holdings Corporation to Report Q1, 2024 Results on Aug 07, 2023 COMSYS Holdings Corporation announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥159 (down from JP¥235 in FY 2022). Revenue: JP¥563.3b (down 4.4% from FY 2022). Net income: JP¥19.3b (down 34% from FY 2022). Profit margin: 3.4% (down from 5.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Aankondiging • May 13
COMSYS Holdings Corporation, Annual General Meeting, Jun 29, 2023 COMSYS Holdings Corporation, Annual General Meeting, Jun 29, 2023. Aankondiging • May 12
COMSYS Holdings Corporation (TSE:1721) announces an Equity Buyback for 8,000,000 shares, representing 5.67% for ¥4,000 million. COMSYS Holdings Corporation (TSE:1721) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 5.67% of its total shares outstanding excluding treasury shares, for a total of ¥4,000 million. The purpose of repurchase program is to return more profits to shareholders and to implement a flexible capital policy that responds to changes in the corporate environment. The repurchase program is valid till March 31, 2024. As of March 31, 2023, the company had 120,778,829 shares outstanding excluding treasury shares and had 20,221,171 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥42.07 (vs JP¥53.92 in 3Q 2022) Third quarter 2023 results: EPS: JP¥42.07 (down from JP¥53.92 in 3Q 2022). Revenue: JP¥127.1b (down 6.7% from 3Q 2022). Net income: JP¥5.11b (down 23% from 3Q 2022). Profit margin: 4.0% (down from 4.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Dec 11
COMSYS Holdings Corporation to Report Q3, 2023 Results on Feb 10, 2023 COMSYS Holdings Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: JP¥31.42 (down from JP¥51.80 in 2Q 2022). Revenue: JP¥123.4b (down 7.6% from 2Q 2022). Net income: JP¥3.85b (down 40% from 2Q 2022). Profit margin: 3.1% (down from 4.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: JP¥31.42 (down from JP¥51.80 in 2Q 2022). Revenue: JP¥123.4b (down 7.6% from 2Q 2022). Net income: JP¥3.85b (down 40% from 2Q 2022). Profit margin: 3.1% (down from 4.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 27
Price target decreased to JP¥2,560 Down from JP¥2,756, the current price target is an average from 6 analysts. New target price is 5.1% above last closing price of JP¥2,435. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥218 for next year compared to JP¥235 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥22.02 (vs JP¥47.40 in 1Q 2022) First quarter 2023 results: EPS: JP¥22.02 (down from JP¥47.40 in 1Q 2022). Revenue: JP¥107.5b (down 11% from 1Q 2022). Net income: JP¥2.69b (down 55% from 1Q 2022). Profit margin: 2.5% (down from 4.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 1.7%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 14
Price target decreased to JP¥2,873 Down from JP¥3,116, the current price target is an average from 7 analysts. New target price is 16% above last closing price of JP¥2,477. Stock is down 21% over the past year. The company is forecast to post earnings per share of JP¥234 for next year compared to JP¥235 last year. Reported Earnings • May 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥235. Revenue: JP¥589.0b (up 4.6% from FY 2021). Net income: JP¥29.2b (flat on FY 2021). Profit margin: 5.0% (down from 5.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 6.8%. Over the next year, revenue is expected to shrink by 1.0% compared to a 7.9% growth forecast for the industry in Japan. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 35% and the cash payout ratio is 76%. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥53.92 (down from JP¥62.24 in 3Q 2021). Revenue: JP¥136.1b (flat on 3Q 2021). Net income: JP¥6.67b (down 15% from 3Q 2021). Profit margin: 4.9% (down from 5.8% in 3Q 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 1.2%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥51.80 (vs JP¥47.84 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥133.6b (up 3.1% from 2Q 2021). Net income: JP¥6.45b (up 6.7% from 2Q 2021). Profit margin: 4.8% (up from 4.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥51.80 (vs JP¥47.84 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥133.6b (up 3.1% from 2Q 2021). Net income: JP¥6.45b (up 6.7% from 2Q 2021). Profit margin: 4.8% (up from 4.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (3.0%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥47.40 (vs JP¥22.80 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥120.2b (up 15% from 1Q 2021). Net income: JP¥5.93b (up 105% from 1Q 2021). Profit margin: 4.9% (up from 2.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥233 (vs JP¥203 in FY 2020) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥563.3b (flat on FY 2020). Net income: JP¥29.4b (up 13% from FY 2020). Profit margin: 5.2% (up from 4.6% in FY 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.7%. Within top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (2.6%). Analyst Estimate Surprise Post Earnings • Feb 07
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 19%. Over the next year, revenue is forecast to grow 4.0%, compared to a 2.2% growth forecast for the Construction industry in Japan. Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥62.24 (vs JP¥43.86 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥136.6b (up 3.7% from 3Q 2020). Net income: JP¥7.85b (up 40% from 3Q 2020). Profit margin: 5.8% (up from 4.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥3,315 The company is up 17% from its price of JP¥2,826 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,178 per share. Is New 90 Day High Low • Jan 15
New 90-day high: JP¥3,290 The company is up 20% from its price of JP¥2,740 on 16 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,150 per share. Is New 90 Day High Low • Dec 30
New 90-day high: JP¥3,205 The company is up 10.0% from its price of JP¥2,921 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥3,236 per share.