Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥163 (vs JP¥186 in FY 2025) Full year 2026 results: EPS: JP¥163 (down from JP¥186 in FY 2025). Revenue: JP¥6.78b (down 5.6% from FY 2025). Net income: JP¥372.0m (down 14% from FY 2025). Profit margin: 5.5% (down from 6.0% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • May 11
Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 29, 2026 Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 29, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥76.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: JP¥28.38 loss per share (vs JP¥23.73 profit in 3Q 2025) Third quarter 2026 results: JP¥28.38 loss per share (down from JP¥23.73 profit in 3Q 2025). Revenue: JP¥1.37b (down 15% from 3Q 2025). Net loss: JP¥65.0m (down 218% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Dec 13
Kanda Tsushinki Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Kanda Tsushinki Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥56.93 (vs JP¥78.54 in 2Q 2025) Second quarter 2026 results: EPS: JP¥56.93 (down from JP¥78.54 in 2Q 2025). Revenue: JP¥1.68b (down 8.7% from 2Q 2025). Net income: JP¥130.0m (down 29% from 2Q 2025). Profit margin: 7.7% (down from 9.9% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Declared Dividend • Nov 12
Dividend of JP¥76.00 announced Shareholders will receive a dividend of JP¥76.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to JP¥2,706. The fair value is estimated to be JP¥3,410, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years, while earnings per share has been flat. Announcement • Sep 05
Kanda Tsushinki Co., Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Kanda Tsushinki Co., Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Buy Or Sell Opportunity • Aug 29
Now 21% undervalued Over the last 90 days, the stock has risen 3.1% to JP¥2,719. The fair value is estimated to be JP¥3,423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: JP¥42.56 (vs JP¥42.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥42.56. Revenue: JP¥1.35b (down 2.8% from 1Q 2025). Net income: JP¥97.0m (down 2.0% from 1Q 2025). Profit margin: 7.2% (up from 7.1% in 1Q 2025). The increase in margin was driven by lower expenses. Announcement • Jun 26
Kanda Tsushinki Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Kanda Tsushinki Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥186 (vs JP¥232 in FY 2024) Full year 2025 results: EPS: JP¥186 (down from JP¥232 in FY 2024). Revenue: JP¥7.18b (flat on FY 2024). Net income: JP¥431.0m (down 21% from FY 2024). Profit margin: 6.0% (down from 7.6% in FY 2024). 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 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 27, 2025 Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 27, 2025. Announcement • Mar 27
Kanda Tsushinki Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Kanda Tsushinki Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥67.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥23.73 (vs JP¥60.23 in 3Q 2024) Third quarter 2025 results: EPS: JP¥23.73 (down from JP¥60.23 in 3Q 2024). Revenue: JP¥1.61b (flat on 3Q 2024). Net income: JP¥55.0m (down 61% from 3Q 2024). Profit margin: 3.4% (down from 8.7% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 17
Kanda Tsushinki Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Kanda Tsushinki Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: JP¥78.54 (vs JP¥40.99 in 2Q 2024) Second quarter 2025 results: EPS: JP¥78.54 (up from JP¥40.99 in 2Q 2024). Revenue: JP¥1.84b (up 8.2% from 2Q 2024). Net income: JP¥183.0m (up 91% from 2Q 2024). Profit margin: 9.9% (up from 5.6% 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 18% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 13
Dividend of JP¥67.00 announced Shareholders will receive a dividend of JP¥67.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 2.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 24% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 25
Kanda Tsushinki Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Kanda Tsushinki Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥6.66b market cap, or US$47.3m). Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥42.27 (vs JP¥0.28 in 1Q 2024) First quarter 2025 results: EPS: JP¥42.27 (up from JP¥0.28 in 1Q 2024). Revenue: JP¥1.39b (up 24% from 1Q 2024). Net income: JP¥99.0m (up JP¥99.0m from 1Q 2024). Profit margin: 7.1% (up from 0% in 1Q 2024). The increase in margin was driven by higher 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 34% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Tatsuya Habu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Kanda Tsushinki Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Kanda Tsushinki Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥232 (vs JP¥161 in FY 2023) Full year 2024 results: EPS: JP¥232 (up from JP¥161 in FY 2023). Revenue: JP¥7.15b (up 20% from FY 2023). Net income: JP¥545.0m (up 42% from FY 2023). Profit margin: 7.6% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 04
Kanda Tsushinki Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Kanda Tsushinki Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥61.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. 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 07
Third quarter 2024 earnings released: EPS: JP¥60.16 (vs JP¥31.08 in 3Q 2023) Third quarter 2024 results: EPS: JP¥60.16 (up from JP¥31.08 in 3Q 2023). Revenue: JP¥1.62b (up 13% from 3Q 2023). Net income: JP¥141.0m (up 91% from 3Q 2023). Profit margin: 8.7% (up from 5.1% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% 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 • Jan 12
Kanda Tsushinki Co., Ltd. to Report Q3, 2024 Results on Feb 05, 2024 Kanda Tsushinki Co., Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥40.99 (vs JP¥32.42 in 2Q 2023) Second quarter 2024 results: EPS: JP¥40.99 (up from JP¥32.42 in 2Q 2023). Revenue: JP¥1.70b (up 24% from 2Q 2023). Net income: JP¥96.0m (up 25% from 2Q 2023). Profit margin: 5.6% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 29
Kanda Tsushinki Co., Ltd. to Report Q2, 2024 Results on Nov 06, 2023 Kanda Tsushinki Co., Ltd. announced that they will report Q2, 2024 results on Nov 06, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥0.28 (vs JP¥14.35 in 1Q 2023) First quarter 2024 results: EPS: JP¥0.28 (down from JP¥14.35 in 1Q 2023). Revenue: JP¥1.12b (up 1.9% from 1Q 2023). Net income: JP¥0 (down JP¥34.0m from profit in 1Q 2023). Profit margin: 0% (down from 3.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 29, 2023 Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 29, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥161 (vs JP¥234 in FY 2022) Full year 2023 results: EPS: JP¥161 (down from JP¥234 in FY 2022). Revenue: JP¥5.98b (flat on FY 2022). Net income: JP¥383.0m (down 32% from FY 2022). Profit margin: 6.4% (down from 9.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 22% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.6%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥31.07 (vs JP¥28.73 in 3Q 2022) Third quarter 2023 results: EPS: JP¥31.07 (up from JP¥28.73 in 3Q 2022). Revenue: JP¥1.44b (down 1.1% from 3Q 2022). Net income: JP¥74.0m (up 7.2% from 3Q 2022). Profit margin: 5.1% (up from 4.7% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Dec 07
Kanda Tsushinki Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 Kanda Tsushinki Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥1.37b (up 8.9% from 2Q 2022). Net income: JP¥77.0m (up 285% from 2Q 2022). Profit margin: 5.6% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. No independent directors (9 non-independent directors). Director Hisaki Sugioka was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥32.40 (vs JP¥8.26 in 2Q 2022) Second quarter 2023 results: EPS: JP¥32.40 (up from JP¥8.26 in 2Q 2022). Revenue: JP¥1.37b (up 8.9% from 2Q 2022). Net income: JP¥77.0m (up 285% from 2Q 2022). Profit margin: 5.6% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Sep 24
Kanda Tsushinki Co., Ltd. to Report Q2, 2023 Results on Nov 07, 2022 Kanda Tsushinki Co., Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022 Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥14.35 (vs JP¥6.20 in 1Q 2022) First quarter 2023 results: EPS: JP¥14.35 (up from JP¥6.20 in 1Q 2022). Revenue: JP¥1.10b (down 5.6% from 1Q 2022). Net income: JP¥34.0m (up 127% from 1Q 2022). Profit margin: 3.1% (up from 1.3% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year and the company’s share price has also increased by 22% per year. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 24% share price gain to JP¥1,481, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 9x in the Construction industry in Japan. Total returns to shareholders of 135% over the past three years. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥234 (vs JP¥137 in FY 2021) Full year 2022 results: EPS: JP¥234 (up from JP¥137 in FY 2021). Revenue: JP¥5.95b (down 9.2% from FY 2021). Net income: JP¥563.0m (up 70% from FY 2021). Profit margin: 9.5% (up from 5.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Announcement • May 14
Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 29, 2022 Kanda Tsushinki Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. No independent directors (9 non-independent directors). Director Hisaki Sugioka was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Kanda Tsushinki Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Kanda Tsushinki Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 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 this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.1%). Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥28.72 (up from JP¥15.71 in 3Q 2021). Revenue: JP¥1.46b (up 25% from 3Q 2021). Net income: JP¥69.0m (up 82% from 3Q 2021). Profit margin: 4.7% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥8.26 (vs JP¥66.36 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.26b (down 25% from 2Q 2021). Net income: JP¥20.0m (down 88% from 2Q 2021). Profit margin: 1.6% (down from 9.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS JP¥6.20 (vs JP¥0.83 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.16b (up 10% from 1Q 2021). Net income: JP¥15.0m (up JP¥17.0m from 1Q 2021). Profit margin: 1.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Kanda Tsushinki Co., Ltd. (JASDAQ:1992) announces an Equity Buyback for 50,000 shares, representing 2.06% for ¥50 million. Kanda Tsushinki Co., Ltd. (JASDAQ:1992) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 2.06% of its issued share capital for ¥50 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement agile capital policies according to the business environment. The program is valid till February 28, 2022. As of August 10, 2021, the company had 2,431,725 shares issued (excluding treasury stock) and 191,502 shares in treasury. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥140 (vs JP¥81.12 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥6.55b (up 10% from FY 2020). Net income: JP¥339.0m (up 74% from FY 2020). Profit margin: 5.2% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥15.70 (vs JP¥34.57 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.16b (up 22% from 3Q 2020). Net income: JP¥38.0m (up JP¥121.0m from 3Q 2020). Profit margin: 3.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,189, the stock is trading at a trailing P/E ratio of 8.3x, up from the previous P/E ratio of 7.2x. This compares to an average P/E of 9x in the Construction industry in Japan. Total returns to shareholders over the past three years are 57%. Is New 90 Day High Low • Feb 02
New 90-day high: JP¥1,079 The company is up 20% from its price of JP¥898 on 04 November 2020. The Japanese market is up 14% 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. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥1,070 The company is up 17% from its price of JP¥915 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 7.0% over the same period. Announcement • Dec 30
Kanda Tsushinki Co., Ltd. to Report Q3, 2021 Results on Feb 08, 2021 Kanda Tsushinki Co., Ltd. announced that they will report Q3, 2021 results on Feb 08, 2021 Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥66.31 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥1.69b (down 1.3% from 2Q 2020). Net income: JP¥160.0m (up 23% from 2Q 2020). Profit margin: 9.5% (up from 7.6% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 16% share price gain to JP¥1,032, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 8x in the Construction industry in Japan. Total returns to shareholders over the past three years are 55%. Is New 90 Day High Low • Nov 06
New 90-day high: JP¥950 The company is up 20% from its price of JP¥794 on 06 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: JP¥924 The company is up 13% from its price of JP¥816 on 08 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is flat over the same period. 
