Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥144 (vs JP¥141 in FY 2025) Full year 2026 results: EPS: JP¥144 (up from JP¥141 in FY 2025). Revenue: JP¥78.8b (down 2.6% from FY 2025). Net income: JP¥3.49b (up 3.2% from FY 2025). Profit margin: 4.4% (up from 4.2% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Announcement • May 12
Kitano Construction Corp., Annual General Meeting, Jun 25, 2026 Kitano Construction Corp., Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥39.79 (vs JP¥10.66 in 3Q 2025) Third quarter 2026 results: EPS: JP¥39.79 (up from JP¥10.66 in 3Q 2025). Revenue: JP¥18.1b (down 16% from 3Q 2025). Net income: JP¥968.0m (up 272% from 3Q 2025). Profit margin: 5.4% (up from 1.2% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 03
Kitano Construction Corp. to Report Q3, 2026 Results on Feb 10, 2026 Kitano Construction Corp. announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Nov 15
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: 3.3% Last year net profit margin: 5.5% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Nov 15
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: JP¥19.1b (down 10% from 2Q 2025). Net income: JP¥867.0m (down 41% from 2Q 2025). Profit margin: 4.5% (down from 6.9% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Sep 29
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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Announcement • Sep 03
Kitano Construction Corp. to Report Q2, 2026 Results on Nov 12, 2025 Kitano Construction Corp. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥79.03 (vs JP¥107 in 1Q 2025) First quarter 2026 results: EPS: JP¥79.03 (down from JP¥107 in 1Q 2025). Revenue: JP¥18.9b (up 15% from 1Q 2025). Net income: JP¥480.0m (down 22% from 1Q 2025). Profit margin: 2.5% (down from 3.7% in 1Q 2025). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 04
Kitano Construction Corp. to Report Q1, 2026 Results on Aug 07, 2025 Kitano Construction Corp. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥562 (vs JP¥674 in FY 2024) Full year 2025 results: EPS: JP¥562 (down from JP¥674 in FY 2024). Revenue: JP¥80.9b (down 4.8% from FY 2024). Net income: JP¥3.38b (down 13% from FY 2024). Profit margin: 4.2% (down from 4.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Announcement • May 13
Kitano Construction Corp., Annual General Meeting, Jun 24, 2025 Kitano Construction Corp., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,400, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 76% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Announcement • Mar 18
Kitano Construction Corp. to Report Fiscal Year 2025 Results on May 13, 2025 Kitano Construction Corp. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥42.64 (vs JP¥253 in 3Q 2024) Third quarter 2025 results: EPS: JP¥42.64 (down from JP¥253 in 3Q 2024). Revenue: JP¥21.6b (down 4.8% from 3Q 2024). Net income: JP¥260.0m (down 82% from 3Q 2024). Profit margin: 1.2% (down from 6.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year. Buy Or Sell Opportunity • Jan 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.4% to JP¥3,985. The fair value is estimated to be JP¥5,049, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%. Buy Or Sell Opportunity • Jan 15
Now 20% undervalued Over the last 90 days, the stock has risen 5.5% to JP¥4,025. The fair value is estimated to be JP¥5,032, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%. 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: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Announcement • Dec 10
Kitano Construction Corp. to Report Q3, 2025 Results on Feb 12, 2025 Kitano Construction Corp. announced that they will report Q3, 2025 results on Feb 12, 2025 Buy Or Sell Opportunity • Dec 02
Now 17% undervalued Over the last 90 days, the stock has risen 12% to JP¥4,240. The fair value is estimated to be JP¥5,123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 37%. New Risk • Dec 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥237 (vs JP¥132 in 2Q 2024) Second quarter 2025 results: EPS: JP¥237 (up from JP¥132 in 2Q 2024). Revenue: JP¥21.2b (up 13% from 2Q 2024). Net income: JP¥1.46b (up 91% from 2Q 2024). Profit margin: 6.9% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 05
Now 20% undervalued Over the last 90 days, the stock has risen 16% to JP¥4,030. The fair value is estimated to be JP¥5,040, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 30%. Announcement • Sep 13
Kitano Construction Corp. to Report Q2, 2025 Results on Nov 11, 2024 Kitano Construction Corp. announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥107 (vs JP¥94.94 in 1Q 2024) First quarter 2025 results: EPS: JP¥107 (up from JP¥94.94 in 1Q 2024). Revenue: JP¥16.4b (down 18% from 1Q 2024). Net income: JP¥612.0m (up 9.5% from 1Q 2024). Profit margin: 3.7% (up from 2.8% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 05
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to JP¥3,320. The fair value is estimated to be JP¥4,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 24%. Announcement • Jun 22
Kitano Construction Corp. to Report Q1, 2025 Results on Aug 09, 2024 Kitano Construction Corp. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥674 (vs JP¥328 in FY 2023) Full year 2024 results: EPS: JP¥674 (up from JP¥328 in FY 2023). Revenue: JP¥85.0b (flat on FY 2023). Net income: JP¥3.90b (up 96% from FY 2023). Profit margin: 4.6% (up from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Kitano Construction Corp., Annual General Meeting, Jun 26, 2024 Kitano Construction Corp., Annual General Meeting, Jun 26, 2024. Announcement • Mar 23
Kitano Construction Corp. to Report Fiscal Year 2024 Results on May 14, 2024 Kitano Construction Corp. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.7%). Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥253 (vs JP¥180 in 3Q 2023) Third quarter 2024 results: EPS: JP¥253 (up from JP¥180 in 3Q 2023). Revenue: JP¥22.7b (down 6.3% from 3Q 2023). Net income: JP¥1.45b (up 36% from 3Q 2023). Profit margin: 6.4% (up from 4.4% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Dec 09
Kitano Construction Corp. to Report Q3, 2024 Results on Feb 13, 2024 Kitano Construction Corp. announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Nov 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.8% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥132 (vs JP¥202 in 2Q 2023) Second quarter 2024 results: EPS: JP¥132 (down from JP¥202 in 2Q 2023). Revenue: JP¥18.7b (down 13% from 2Q 2023). Net income: JP¥765.0m (down 39% from 2Q 2023). Profit margin: 4.1% (down from 5.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Sep 09
Kitano Construction Corp. to Report Q2, 2024 Results on Nov 10, 2023 Kitano Construction Corp. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: JP¥94.93 (vs JP¥34.53 in 1Q 2023) First quarter 2024 results: EPS: JP¥94.93 (up from JP¥34.53 in 1Q 2023). Revenue: JP¥19.9b (up 55% from 1Q 2023). Net income: JP¥559.0m (up 161% from 1Q 2023). Profit margin: 2.8% (up from 1.7% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Kitano Construction Corp. to Report Q1, 2024 Results on Aug 10, 2023 Kitano Construction Corp. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥328 (vs JP¥280 in FY 2022) Full year 2023 results: EPS: JP¥328 (up from JP¥280 in FY 2022). Revenue: JP¥85.3b (up 42% from FY 2022). Net income: JP¥1.99b (up 14% from FY 2022). Profit margin: 2.3% (down from 2.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Kitano Construction Corp., Annual General Meeting, Jun 23, 2023 Kitano Construction Corp., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥180 (vs JP¥84.03 in 3Q 2022) Third quarter 2023 results: EPS: JP¥180 (up from JP¥84.03 in 3Q 2022). Revenue: JP¥24.2b (up 66% from 3Q 2022). Net income: JP¥1.07b (up 106% from 3Q 2022). Profit margin: 4.4% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 26
Kitano Construction Corp. to Report Q3, 2023 Results on Feb 09, 2023 Kitano Construction Corp. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥202 (vs JP¥17.09 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥202 (up from JP¥17.09 loss in 2Q 2022). Revenue: JP¥21.6b (up 77% from 2Q 2022). Net income: JP¥1.25b (up JP¥1.35b from 2Q 2022). Profit margin: 5.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Yoshinori Uda was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥202 (vs JP¥17.09 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥202 (up from JP¥17.09 loss in 2Q 2022). Revenue: JP¥21.6b (up 77% from 2Q 2022). Net income: JP¥1.25b (up JP¥1.35b from 2Q 2022). Profit margin: 5.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 10
Kitano Construction Corp. to Report Q2, 2023 Results on Nov 11, 2022 Kitano Construction Corp. announced that they will report Q2, 2023 results on Nov 11, 2022 Announcement • Aug 30
Kitano Construction Corp. (TSE:1866) announces an Equity Buyback for 250,000 shares, representing 4.03% for ¥600 million. Kitano Construction Corp. (TSE:1866) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 4.03% of its issued share capital (excluding treasury stock), for a total purchase price of ¥600 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will continue through March 17, 2023. As of July 31, 2022, the company had 6,197,365 issued shares (excluding treasury stock) and 639,488 treasury shares. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥34.52 (vs JP¥42.88 in 1Q 2022) First quarter 2023 results: EPS: JP¥34.52 (down from JP¥42.88 in 1Q 2022). Revenue: JP¥12.9b (down 6.3% from 1Q 2022). Net income: JP¥214.0m (down 20% from 1Q 2022). Profit margin: 1.7% (down from 1.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • May 13
Kitano Construction Corp., Annual General Meeting, Jun 28, 2022 Kitano Construction Corp., Annual General Meeting, Jun 28, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥280 (vs JP¥291 in FY 2021) Full year 2022 results: EPS: JP¥280 (down from JP¥291 in FY 2021). Revenue: JP¥60.1b (down 20% from FY 2021). Net income: JP¥1.74b (down 3.6% from FY 2021). Profit margin: 2.9% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Yoshinori Uda was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 07
Kitano Construction Corp. to Report Fiscal Year 2022 Results on May 10, 2022 Kitano Construction Corp. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. 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: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥84.01 (down from JP¥86.57 in 3Q 2021). Revenue: JP¥14.6b (down 31% from 3Q 2021). Net income: JP¥521.0m (down 3.0% from 3Q 2021). Profit margin: 3.6% (up from 2.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: JP¥17.09 loss per share (vs JP¥66.23 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥12.2b (down 36% from 2Q 2021). Net loss: JP¥106.0m (down 126% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥42.88 (vs JP¥34.61 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥13.7b (down 7.8% from 1Q 2021). Net income: JP¥266.0m (up 24% from 1Q 2021). Profit margin: 1.9% (up from 1.4% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥291 (vs JP¥344 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥75.3b (up 22% from FY 2020). Net income: JP¥1.80b (down 16% from FY 2020). Profit margin: 2.4% (down from 3.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.6%). Is New 90 Day High Low • Mar 16
New 90-day high: JP¥2,567 The company is up 1.0% from a price of JP¥2,539 on 16 December 2020. Underperformed the Japanese market, which is up 10.0% over the last 90 days. Lagged the Construction industry, which is up 13% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥86.53 (vs JP¥101 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥21.1b (up 40% from 3Q 2020). Net income: JP¥537.0m (down 15% from 3Q 2020). Profit margin: 2.5% (down from 4.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 26
New 90-day low: JP¥2,413 The company is down 7.0% from its price of JP¥2,596 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 8.0% over the same period. Announcement • Dec 30
Kitano Construction Corp. to Report Q3, 2021 Results on Feb 12, 2021 Kitano Construction Corp. announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 18
New 90-day low: JP¥2,497 The company is down 7.0% from its price of JP¥2,696 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 2.0% over the same period. Announcement • Sep 12
Kitano Construction Corp. to Report Q2, 2021 Results on Nov 11, 2020 Kitano Construction Corp. announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Jun 29
Kitano Construction Corp. to Report Fiscal Year 2021 Results on Aug 06, 2020 Kitano Construction Corp. announced that they will report fiscal year 2021 results on Aug 06, 2020 
