Reported Earnings • May 12
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥99.73 (up from JP¥57.69 in FY 2025). Revenue: JP¥83.8b (up 25% from FY 2025). Net income: JP¥4.17b (up 73% from FY 2025). Profit margin: 5.0% (up from 3.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 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 2% per year whereas the company’s share price has increased by 5% per year. Announcement • May 11
Nittoc Construction Co., Ltd., Annual General Meeting, Jun 24, 2026 Nittoc Construction Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 09
Nittoc Construction Co., Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 Nittoc Construction Co., Ltd. announced that they will report fiscal year 2026 results on May 11, 2026 Price Target Changed • Apr 30
Price target increased by 24% to JP¥1,550 Up from JP¥1,250, the current price target is provided by 1 analyst. New target price is 32% above last closing price of JP¥1,175. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥88.60 for next year compared to JP¥57.69 last year. Board Change • Apr 30
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Sayaka Mori was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 09
Nittoc Construction Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Nittoc Construction Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Price Target Changed • Dec 03
Price target increased by 8.7% to JP¥1,250 Up from JP¥1,150, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,240. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥80.20 for next year compared to JP¥57.69 last year. Declared Dividend • Nov 29
First half dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 30th March 2026 Payment date: 24th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (423% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥19.63 (vs JP¥7.14 in 2Q 2025) Second quarter 2026 results: EPS: JP¥19.63 (up from JP¥7.14 in 2Q 2025). Revenue: JP¥20.4b (up 27% from 2Q 2025). Net income: JP¥820.0m (up 175% from 2Q 2025). Profit margin: 4.0% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% 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 13% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Announcement • Sep 01
Nittoc Construction Co., Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Nittoc Construction Co., Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥8.67 (vs JP¥1.51 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥8.67 (up from JP¥1.51 loss in 1Q 2025). Revenue: JP¥17.3b (up 24% from 1Q 2025). Net income: JP¥362.0m (up JP¥425.0m from 1Q 2025). Profit margin: 2.1% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.2% 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 fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not adequately covered by earnings (90.5% earnings payout ratio). However, it is covered by cash flows (65% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 44% over the next 2 years, which should maintain adequate earnings cover for the dividend. Announcement • Jun 27
Nittoc Construction Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Nittoc Construction Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥57.69 (down from JP¥73.49 in FY 2024). Revenue: JP¥67.2b (down 6.5% from FY 2024). Net income: JP¥2.41b (down 22% from FY 2024). Profit margin: 3.6% (down from 4.3% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 7.3% p.a. on average during the next 2 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 16% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥58.14 (down from JP¥73.49 in FY 2024). Revenue: JP¥67.2b (down 6.5% from FY 2024). Net income: JP¥2.43b (down 21% from FY 2024). Profit margin: 3.6% (down from 4.3% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 7.3% p.a. on average during the next 2 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 16% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 4.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (90% payout ratio). Announcement • May 09
Nittoc Construction Co., Ltd., Annual General Meeting, Jun 23, 2025 Nittoc Construction Co., Ltd., Annual General Meeting, Jun 23, 2025. Announcement • Mar 27
Nittoc Construction Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Nittoc Construction Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Feb 18
Nittoc Construction Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2025 Nittoc Construction Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2025. For the year, the company expects net sales of JPY 65,000 million, operating profit of JPY 3,000 million, profit attributable to owners of parent of JPY 1,800 million and earnings per share of JPY 43.12. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥31.40 (vs JP¥32.21 in 3Q 2024) Third quarter 2025 results: EPS: JP¥31.40 (down from JP¥32.21 in 3Q 2024). Revenue: JP¥19.7b (flat on 3Q 2024). Net income: JP¥1.31b (down 2.5% from 3Q 2024). Profit margin: 6.6% (down from 6.8% in 3Q 2024). Revenue is forecast to grow 6.3% 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 fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to JP¥984. The fair value is estimated to be JP¥1,230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.2%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 64% in the next 2 years. Declared Dividend • Nov 30
First half dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 30
Nittoc Construction Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Nittoc Construction Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Announcement • Nov 28
Nittoc Construction Co., Ltd. Announces Second End Dividend for the Second Quarter Ended September 30, 2024, Payable on November 29, 2024 Nittoc Construction Co., Ltd. announced second end dividend for the second quarter ended September 30, 2024 of JPY 22.00 per share compared to JPY 22.00 per share a year ago. Scheduled date to commence dividend payments is November 29, 2024. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥7.14 (vs JP¥22.15 in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.14 (down from JP¥22.15 in 2Q 2024). Revenue: JP¥16.0b (down 15% from 2Q 2024). Net income: JP¥298.0m (down 68% from 2Q 2024). Profit margin: 1.9% (down from 4.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Announcement • Aug 27
Nittoc Construction Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Nittoc Construction Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: JP¥1.51 loss per share (vs JP¥4.22 profit in 1Q 2024) First quarter 2025 results: JP¥1.51 loss per share (down from JP¥4.22 profit in 1Q 2024). Revenue: JP¥14.0b (down 13% from 1Q 2024). Net loss: JP¥63.0m (down 136% from profit in 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Declared Dividend • Jul 11
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥73.49 (down from JP¥84.54 in FY 2023). Revenue: JP¥71.9b (down 1.4% from FY 2023). Net income: JP¥3.07b (down 13% from FY 2023). Profit margin: 4.3% (down from 4.8% in FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 3.2% 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 remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jun 28
Nittoc Construction Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Nittoc Construction Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥70.64 (down from JP¥84.54 in FY 2023). Revenue: JP¥71.9b (down 1.4% from FY 2023). Net income: JP¥2.95b (down 16% from FY 2023). Profit margin: 4.1% (down from 4.8% in FY 2023). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 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 remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • May 11
Nittoc Construction Co., Ltd., Annual General Meeting, Jun 21, 2024 Nittoc Construction Co., Ltd., Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.7%). Announcement • Mar 02
Nittoc Construction Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Nittoc Construction Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥32.21 (vs JP¥35.03 in 3Q 2023) Third quarter 2024 results: EPS: JP¥32.21 (down from JP¥35.03 in 3Q 2023). Revenue: JP¥19.9b (down 5.9% from 3Q 2023). Net income: JP¥1.34b (down 8.0% from 3Q 2023). Profit margin: 6.8% (down from 6.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% 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 increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 28
Nittoc Construction Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Nittoc Construction Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Announcement • Nov 17
Nittoc Construction Co., Ltd. Declares a Second Quarter-End Divided, Payable on November 30, 2023 Nittoc Construction Co., Ltd. declared a second quarter-end divided of JPY 22.00 per share compared to JPY 20.00 per share a year ago. The dividend is payable on November 30, 2023. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥22.15 (vs JP¥26.40 in 2Q 2023) Second quarter 2024 results: EPS: JP¥22.15 (down from JP¥26.40 in 2Q 2023). Revenue: JP¥18.9b (up 2.9% from 2Q 2023). Net income: JP¥924.0m (down 16% from 2Q 2023). Profit margin: 4.9% (down from 6.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average 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 increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥22.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.0%). Announcement • Aug 27
Nittoc Construction Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Nittoc Construction Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥4.22 (vs JP¥5.95 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.22 (down from JP¥5.95 in 1Q 2023). Revenue: JP¥16.1b (up 12% from 1Q 2023). Net income: JP¥176.0m (down 29% from 1Q 2023). Profit margin: 1.1% (down from 1.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 2 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 increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
Nittoc Construction Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Nittoc Construction Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • May 13
Nittoc Construction Co., Ltd., Annual General Meeting, Jun 23, 2023 Nittoc Construction Co., Ltd., Annual General Meeting, Jun 23, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥84.54 (vs JP¥79.82 in FY 2022) Full year 2023 results: EPS: JP¥84.54 (up from JP¥79.82 in FY 2022). Revenue: JP¥72.9b (up 10% from FY 2022). Net income: JP¥3.53b (up 5.9% from FY 2022). Profit margin: 4.8% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 2 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 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.6%). Announcement • Feb 18
Nittoc Construction Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Nittoc Construction Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay year-end dividend of JPY 25.00 per share against JPY 32.00 per share paid for the same period a year ago. Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥35.03 (vs JP¥30.96 in 3Q 2022) Third quarter 2023 results: EPS: JP¥35.03 (up from JP¥30.96 in 3Q 2022). Revenue: JP¥21.2b (up 16% from 3Q 2022). Net income: JP¥1.46b (up 13% from 3Q 2022). Profit margin: 6.9% (down from 7.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% 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 2% per year and the company’s share price has also increased by 2% per year. Announcement • Dec 01
Nittoc Construction Co., Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Nittoc Construction Co., Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥26.40 (vs JP¥17.36 in 2Q 2022) Second quarter 2023 results: EPS: JP¥26.40 (up from JP¥17.36 in 2Q 2022). Revenue: JP¥18.3b (up 12% from 2Q 2022). Net income: JP¥1.10b (up 52% from 2Q 2022). Profit margin: 6.0% (up from 4.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% 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 remained flat whereas the company’s share price has increased by 3% per year. 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. 8 experienced directors. 4 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Outside Director Masayuki Watanabe was the last independent director to join the board, commencing their role in 2016. 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 06
Second quarter 2023 earnings released: EPS: JP¥26.40 (vs JP¥17.36 in 2Q 2022) Second quarter 2023 results: EPS: JP¥26.40 (up from JP¥17.36 in 2Q 2022). Revenue: JP¥18.3b (up 12% from 2Q 2022). Net income: JP¥1.10b (up 52% from 2Q 2022). Profit margin: 6.0% (up from 4.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 28
Nittoc Construction Co., Ltd. to Report Q2, 2023 Results on Nov 04, 2022 Nittoc Construction Co., Ltd. announced that they will report Q2, 2023 results on Nov 04, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.5%). Price Target Changed • Sep 07
Price target increased to JP¥1,150 Up from JP¥900, the current price target is provided by 1 analyst. New target price is 25% above last closing price of JP¥921. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥92.30 for next year compared to JP¥79.82 last year. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥5.95 (vs JP¥5.13 in 1Q 2022) First quarter 2023 results: EPS: JP¥5.95 (up from JP¥5.13 in 1Q 2022). Revenue: JP¥14.4b (up 7.4% from 1Q 2022). Net income: JP¥248.0m (up 16% from 1Q 2022). Profit margin: 1.7% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.0%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jun 29
Nittoc Construction Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Nittoc Construction Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Announcement • May 12
Nittoc Construction Co., Ltd., Annual General Meeting, Jun 24, 2022 Nittoc Construction Co., Ltd., Annual General Meeting, Jun 24, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥79.82 (vs JP¥83.92 in FY 2021) Full year 2022 results: EPS: JP¥79.82 (down from JP¥83.92 in FY 2021). Revenue: JP¥66.1b (down 2.8% from FY 2021). Net income: JP¥3.33b (down 4.9% from FY 2021). Profit margin: 5.0% (down from 5.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. 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. 10 experienced directors. 2 highly experienced directors. 2 independent directors (9 non-independent directors). Independent External Director Masayuki Watanabe was the last independent director to join the board, commencing their role in 2016. 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
Nittoc Construction Co., Ltd. to Report Fiscal Year 2022 Results on May 09, 2022 Nittoc Construction Co., Ltd. announced that they will report fiscal year 2022 results on May 09, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥30.95 (down from JP¥33.40 in 3Q 2021). Revenue: JP¥18.2b (down 2.7% from 3Q 2021). Net income: JP¥1.29b (down 7.3% from 3Q 2021). Profit margin: 7.1% (down from 7.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. 
