Kajima Future Growth

Future criteria checks 1/6

Kajima is forecast to grow earnings and revenue by 5.2% and 2% per annum respectively. EPS is expected to grow by 7.2% per annum. Return on equity is forecast to be 10.3% in 3 years.

Key information

5.2%

Earnings growth rate

7.2%

EPS growth rate

Construction earnings growth	9.7%
Revenue growth rate	2.0%
Future return on equity	10.3%
Analyst coverage	Good
Last updated	17 Sep 2024

Recent future growth updates

Recent updates

We Think That There Are Some Issues For Kajima (TSE:1812) Beyond Its Promising Earnings

May 22

Is Kajima Corporation (TSE:1812) Trading At A 36% Discount?

May 12

Kajima Corporation (TSE:1812) Screens Well But There Might Be A Catch

Apr 10

Kajima's (TSE:1812) Dividend Will Be ¥35.00

Mar 25

Kajima (TSE:1812) Might Be Having Difficulty Using Its Capital Effectively

Mar 15

Earnings and Revenue Growth Forecasts

TSE:1812 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	2,945,200	137,880	128,150	N/A	5
3/31/2026	2,863,919	126,110	103,367	N/A	6
3/31/2025	2,804,277	111,373	32,450	N/A	6
6/30/2024	2,694,922	113,105	N/A	N/A	N/A
3/31/2024	2,665,175	115,033	79,597	123,734	N/A
12/31/2023	2,633,083	106,321	N/A	N/A	N/A
9/30/2023	2,559,909	107,082	-26,011	67,550	N/A
6/30/2023	2,475,418	111,500	N/A	N/A	N/A
3/31/2023	2,391,579	111,789	-104,364	-29,116	N/A
12/31/2022	2,350,239	104,520	N/A	N/A	N/A
9/30/2022	2,261,048	108,733	-62,395	-31,756	N/A
6/30/2022	2,125,513	101,452	N/A	N/A	N/A
3/31/2022	2,079,695	103,867	-22,870	30,215	N/A
12/31/2021	2,000,831	103,448	N/A	N/A	N/A
9/30/2021	1,950,691	96,525	-73,665	-7,195	N/A
6/30/2021	1,920,248	94,133	N/A	N/A	N/A
3/31/2021	1,907,176	98,522	103,751	153,097	N/A
12/31/2020	1,962,245	110,433	N/A	N/A	N/A
9/30/2020	1,976,157	105,304	208,980	244,848	N/A
6/30/2020	2,024,282	110,774	N/A	N/A	N/A
3/31/2020	2,010,751	103,242	-30,796	53,061	N/A
12/31/2019	2,006,490	97,153	N/A	N/A	N/A
9/30/2019	2,023,700	105,126	-122,742	-39,163	N/A
6/30/2019	1,984,495	101,236	N/A	N/A	N/A
3/31/2019	1,974,269	109,839	4,214	30,390	N/A
12/31/2018	1,904,367	111,740	N/A	N/A	N/A
9/30/2018	1,905,661	116,930	76,485	91,476	N/A
6/30/2018	1,846,782	120,269	N/A	N/A	N/A
3/31/2018	1,830,625	126,778	N/A	120,479	N/A
12/31/2017	1,915,980	130,357	N/A	N/A	N/A
9/30/2017	1,831,319	118,317	N/A	212,354	N/A
6/30/2017	1,831,983	118,334	N/A	N/A	N/A
3/31/2017	1,821,805	104,857	N/A	187,546	N/A
12/31/2016	1,754,337	95,108	N/A	N/A	N/A
9/30/2016	1,772,270	100,307	N/A	108,156	N/A
6/30/2016	1,772,361	82,230	N/A	N/A	N/A
3/31/2016	1,742,700	72,323	N/A	36,354	N/A
12/31/2015	1,744,783	40,369	N/A	N/A	N/A
9/30/2015	1,728,518	30,913	N/A	56,143	N/A
6/30/2015	1,706,827	21,320	N/A	N/A	N/A
3/31/2015	1,693,658	15,139	N/A	59,212	N/A
12/31/2014	1,654,618	30,321	N/A	N/A	N/A
9/30/2014	1,580,362	19,302	N/A	76,067	N/A
6/30/2014	1,548,204	21,485	N/A	N/A	N/A
3/31/2014	1,521,191	20,752	N/A	32,955	N/A
12/31/2013	1,495,873	20,483	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1812's forecast earnings growth (5.2% per year) is above the savings rate (0.3%).

Earnings vs Market: 1812's earnings (5.2% per year) are forecast to grow slower than the JP market (8.7% per year).

High Growth Earnings: 1812's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1812's revenue (2% per year) is forecast to grow slower than the JP market (4.2% per year).

High Growth Revenue: 1812's revenue (2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1812's Return on Equity is forecast to be low in 3 years time (10.3%).

Kajima Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Kajima Corporation Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2024

Price target increased by 7.0% to JP¥2,853

Price target increased by 9.4% to JP¥2,429

Price target increased by 7.1% to JP¥2,049

Kkajima Corporation Revised Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2023

Kajima Corporation Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2022

Recent updates

Kajima (TSE:1812) Has Announced A Dividend Of ¥45.00

Kajima Corporation to Report Q2, 2025 Results on Nov 12, 2024

Upcoming dividend of JP¥45.00 per share

Kajima (TSE:1812) Could Be Struggling To Allocate Capital

Kajima's (TSE:1812) Dividend Will Be ¥45.00

Kajima (TSE:1812) Is Due To Pay A Dividend Of ¥45.00

First quarter 2025 earnings: EPS and revenues miss analyst expectations

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 22%

Kajima (TSE:1812) Has Announced A Dividend Of ¥45.00

Kajima's (TSE:1812) Dividend Will Be ¥45.00

Final dividend increased to JP¥45.00

Kajima Corporation to Report Q1, 2025 Results on Aug 06, 2024

We Think That There Are Some Issues For Kajima (TSE:1812) Beyond Its Promising Earnings

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Kajima Corporation (TSE:1812) announces an Equity Buyback for 12,000,000 shares, representing 2.48% for ¥30,000 million.

Now 21% undervalued

Is Kajima Corporation (TSE:1812) Trading At A 36% Discount?

Kajima Corporation (TSE:1812) Screens Well But There Might Be A Catch

Kajima Corporation to Report Fiscal Year 2024 Results on May 14, 2024

Kajima's (TSE:1812) Dividend Will Be ¥35.00

Upcoming dividend of JP¥35.00 per share

Kajima (TSE:1812) Might Be Having Difficulty Using Its Capital Effectively

Kajima Corporation Announces Board Retirements

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued

Kajima Corporation Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024

Kajima Corporation to Report Q3, 2024 Results on Feb 13, 2024

Kajima Corporation Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2024

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Kajima Corporation to Report Q2, 2024 Results on Nov 13, 2023

Upcoming dividend of JP¥35.00 per share at 2.8% yield

Price target increased by 7.0% to JP¥2,853

First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Price target increased by 9.4% to JP¥2,429

Kajima Corporation to Report Q1, 2024 Results on Aug 09, 2023

Price target increased by 7.1% to JP¥2,049

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Kajima Corporation Provides Dividend Guidance for the Fiscal Year Ended March 31, 2024

Kajima Corporation (TSE:1812) announces an Equity Buyback for 7,000,000 shares, representing 1.44% for ¥10,000 million.

Upcoming dividend of JP¥33.00 per share at 3.7% yield

Kajima Corporation, Annual General Meeting, Jun 28, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Kkajima Corporation Revised Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2023

Kajima Corporation to Report Q3, 2023 Results on Feb 14, 2023

Less than half of directors are independent

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Kajima Corporation Provides Dividend Guidance for the Year Ending March 31, 2023

Kajima Corporation (TSE:1812) announces an Equity Buyback for 9,000,000 shares, representing 1.82% for ¥10,000 million.

Upcoming dividend of JP¥29.00 per share

Kajima Corporation to Report Q2, 2023 Results on Nov 10, 2022

First quarter 2023 earnings released: EPS: JP¥39.90 (vs JP¥43.85 in 1Q 2022)

Kajima Corporation Provides Dividend Guidance for the Second Quarter Ending September 30, 2022

Kajima Corporation to Report Q1, 2023 Results on Aug 08, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Kajima Corporation Provides Dividend Guidance for the Fiscal Year Ended March 31, 2023

Less than half of directors are independent

Kajima Corporation, Annual General Meeting, Jun 28, 2022

Upcoming dividend of JP¥27.00 per share

Kajima Corporation (TSE:1812) agreed to acquire 55 Market Street, Singapore for SGD 290 million.

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Kajima Corporation (TSE:1812) announces an Equity Buyback for 9,200,000 shares, representing 1.84% for ¥10,000 million.

Second quarter 2022 earnings released: EPS JP¥55.75 (vs JP¥49.58 in 2Q 2021)

Upcoming dividend of JP¥27.00 per share

First quarter 2022 earnings released: EPS JP¥43.85 (vs JP¥51.61 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥193 (vs JP¥201 in FY 2020)

Kajima Corporation Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2022

Upcoming dividend of JP¥25.00 per share

Kajima Corporation to Report Fiscal Year 2021 Results on May 14, 2021