Announcement • Jun 03
Kawada Technologies, Inc. (TSE:3443) announces an Equity Buyback for 1,500,000 shares, representing 2.93% for ¥1,500 million. Kawada Technologies, Inc. (TSE:3443) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 2.93% of its issued share capital (excluding treasury stock), for ¥1,500 million. The purpose of the program is to improve capital efficiency and enable the implementation of agile and flexible capital policies. The program will run until August 31, 2026. As of May 31, 2026, the company had 51,278,102 shares in issue (excluding treasury stock) and 1,144,528 shares in treasury. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,277, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Construction industry in Japan. Total returns to shareholders of 176% over the past three years. New Risk • May 13
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 8.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • May 13
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: JP¥504. Revenue: JP¥115.0b (down 14% from FY 2025). Net income: JP¥8.78b (down 21% from FY 2025). Profit margin: 7.6% (down from 8.4% in FY 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Construction industry in Japan. Announcement • May 12
Kawada Technologies, Inc., Annual General Meeting, Jun 25, 2026 Kawada Technologies, Inc., Annual General Meeting, Jun 25, 2026. Announcement • May 09
Kawada Technologies, Inc. to Report Fiscal Year 2026 Results on May 12, 2026 Kawada Technologies, Inc. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥55.73 (vs JP¥178 in 3Q 2025) Third quarter 2026 results: EPS: JP¥55.73 (down from JP¥178 in 3Q 2025). Revenue: JP¥28.1b (down 19% from 3Q 2025). Net income: JP¥972.0m (down 68% from 3Q 2025). Profit margin: 3.5% (down from 8.9% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% 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 29% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 13
Kawada Technologies, Inc. (TSE:3443) announces an Equity Buyback for 430,000 shares, representing 2.47% for ¥1,500 million. Kawada Technologies, Inc. (TSE:3443) announces a share repurchase program. Under the program, the company will repurchase up to 430,000 shares, representing 2.47% of its issued share capital (excluding treasury stock), for ¥1,500 million. The purpose of the program is improve capital efficiency, enable the implementation of agile and flexible capital policies, and allocate shares for stock compensation. The program will run until June 24, 2026. As of January 31, 2026, the company had 17,439,584 shares in issue (excluding treasury stock) and 34,626 shares in treasury.
On February 13, 2026, the company announced a three-for-one stock split effective from April 1, 2026. Each stockholder of record as of the close of business on March 31, 2026, will receive two additional shares of Company common stock for each share then held. New Risk • Jan 26
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 5.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Dec 16
Kawada Technologies, Inc. to Report Q3, 2026 Results on Feb 13, 2026 Kawada Technologies, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 06
First half dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥87.97 (vs JP¥172 in 2Q 2025) Second quarter 2026 results: EPS: JP¥87.97 (down from JP¥172 in 2Q 2025). Revenue: JP¥27.8b (down 17% from 2Q 2025). Net income: JP¥1.53b (down 48% from 2Q 2025). Profit margin: 5.5% (down from 8.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% 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 increased by 41% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 01
Kawada Technologies, Inc. to Report Q2, 2026 Results on Nov 11, 2025 Kawada Technologies, Inc. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥92.56 (vs JP¥119 in 1Q 2025) First quarter 2026 results: EPS: JP¥92.56 (down from JP¥119 in 1Q 2025). Revenue: JP¥27.6b (down 16% from 1Q 2025). Net income: JP¥1.61b (down 21% from 1Q 2025). Profit margin: 5.8% (down from 6.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% 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 47% per year whereas the company’s share price has increased by 50% per year. Declared Dividend • Jul 09
Final dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 29th September 2025 Payment date: 12th December 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jun 30
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥643 (up from JP¥434 in FY 2024). Revenue: JP¥132.9b (up 2.9% from FY 2024). Net income: JP¥11.1b (up 47% from FY 2024). Profit margin: 8.4% (up from 5.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 3.5% 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 45% per year whereas the company’s share price has increased by 48% per year. Announcement • Jun 27
Kawada Technologies, Inc. to Report Q1, 2026 Results on Aug 08, 2025 Kawada Technologies, Inc. announced that they will report Q1, 2026 results on Aug 08, 2025 Buy Or Sell Opportunity • Jun 03
Now 21% undervalued Over the last 90 days, the stock has risen 19% to JP¥3,580. The fair value is estimated to be JP¥4,560, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are forecast to decline by 4.3% per annum over the same time period. Price Target Changed • May 21
Price target increased by 10% to JP¥4,400 Up from JP¥4,000, the current price target is provided by 1 analyst. New target price is 28% above last closing price of JP¥3,430. Stock is up 25% over the past year. The company is forecast to post earnings per share of JP¥518 for next year compared to JP¥643 last year. Reported Earnings • May 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥643 (up from JP¥434 in FY 2024). Revenue: JP¥132.9b (up 2.9% from FY 2024). Net income: JP¥11.1b (up 47% from FY 2024). Profit margin: 8.4% (up from 5.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 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 increased by 45% per year and the company’s share price has also increased by 45% per year. Announcement • May 13
Kawada Technologies, Inc., Annual General Meeting, Jun 26, 2025 Kawada Technologies, Inc., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,462, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 141% over the past three years. Buy Or Sell Opportunity • Apr 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.5% to JP¥2,710. The fair value is estimated to be JP¥3,539, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 7.0% in 2 years. Earnings are forecast to decline by 26% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Mar 18
Kawada Technologies, Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Kawada Technologies, Inc. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 13, 2025 Major Estimate Revision • Feb 20
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥131.0b to JP¥133.0b. EPS estimate increased from JP¥434 to JP¥492 per share. Net income forecast to shrink 28% next year vs 5.2% growth forecast for Construction industry in Japan . Consensus price target up from JP¥3,800 to JP¥4,000. Share price rose 9.1% to JP¥3,055 over the past week. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥178 (vs JP¥83.76 in 3Q 2024) Third quarter 2025 results: EPS: JP¥178 (up from JP¥83.76 in 3Q 2024). Revenue: JP¥34.6b (up 6.1% from 3Q 2024). Net income: JP¥3.07b (up 113% from 3Q 2024). Profit margin: 8.9% (up from 4.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% 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 33% per year whereas the company’s share price has increased by 36% per year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,200, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 190% over the past three years. Buy Or Sell Opportunity • Jan 14
Now 20% undervalued Over the last 90 days, the stock has risen 5.7% to JP¥2,550. The fair value is estimated to be JP¥3,194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to decline by 24% in the next 2 years. Declared Dividend • Dec 13
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (23% 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 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 23% over the next 3 years. However, it would need to fall by 75% to increase the payout ratio to a potentially unsustainable range. Announcement • Dec 03
Kawada Technologies, Inc. to Report Q3, 2025 Results on Feb 13, 2025 Kawada Technologies, Inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Buy Or Sell Opportunity • Nov 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to JP¥2,606. The fair value is estimated to be JP¥3,298, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to decline by 24% in the next 2 years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥172 (vs JP¥113 in 2Q 2024) Second quarter 2025 results: EPS: JP¥172 (up from JP¥113 in 2Q 2024). Revenue: JP¥33.6b (up 1.7% from 2Q 2024). Net income: JP¥2.97b (up 51% from 2Q 2024). Profit margin: 8.8% (up from 6.0% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.3% 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 increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.0% to JP¥2,652. The fair value is estimated to be JP¥3,360, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 5.5% in 2 years. Earnings are forecast to decline by 16% in the next 2 years. Buy Or Sell Opportunity • Aug 29
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥2,702. The fair value is estimated to be JP¥3,378, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 5.5% in 2 years. Earnings are forecast to decline by 16% in the next 2 years. Announcement • Aug 27
Kawada Technologies, Inc. to Report Q2, 2025 Results on Nov 12, 2024 Kawada Technologies, Inc. announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥119 (vs JP¥35.67 in 1Q 2024) First quarter 2025 results: EPS: JP¥119 (up from JP¥35.67 in 1Q 2024). Revenue: JP¥32.9b (up 4.9% from 1Q 2024). Net income: JP¥2.05b (up 226% from 1Q 2024). Profit margin: 6.2% (up from 2.0% in 1Q 2024). Revenue is forecast to grow 3.1% 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 increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 05
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 6.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,979, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 83% over the past three years. Announcement • Jun 28
Kawada Technologies, Inc. to Report Q1, 2025 Results on Aug 09, 2024 Kawada Technologies, Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥1,302 (up from JP¥240 in FY 2023). Revenue: JP¥129.1b (up 9.3% from FY 2023). Net income: JP¥7.54b (up 78% from FY 2023). Profit margin: 5.8% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 26%. Revenue is forecast to grow 4.7% 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 increased by 25% per year whereas the company’s share price has increased by 29% per year. Announcement • May 16
Kawada Technologies, Inc., Annual General Meeting, Jun 27, 2024 Kawada Technologies, Inc., Annual General Meeting, Jun 27, 2024. New Risk • Apr 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥330 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.7%). Announcement • Mar 20
Kawada Technologies, Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Kawada Technologies, Inc. announced that they will report fiscal year 2024 results on May 14, 2024 New Risk • Feb 13
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 7.0% 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 (7.0% average weekly change). Buy Or Sell Opportunity • Feb 13
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to JP¥8,940. The fair value is estimated to be JP¥7,058, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 3.4% in 2 years. Earnings are forecast to grow by 4.2% in the next 2 years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥251 (vs JP¥128 in 3Q 2023) Third quarter 2024 results: EPS: JP¥251 (up from JP¥128 in 3Q 2023). Revenue: JP¥32.6b (up 6.6% from 3Q 2023). Net income: JP¥1.44b (up 92% from 3Q 2023). Profit margin: 4.4% (up from 2.5% in 3Q 2023). 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 2.5% 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 increased by 17% per year, which means it is well ahead of earnings. Announcement • Dec 08
Kawada Technologies, Inc. to Report Q3, 2024 Results on Feb 09, 2024 Kawada Technologies, Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥338 (vs JP¥125 in 2Q 2023) Second quarter 2024 results: EPS: JP¥338 (up from JP¥125 in 2Q 2023). Revenue: JP¥33.0b (up 20% from 2Q 2023). Net income: JP¥1.97b (up 168% from 2Q 2023). Profit margin: 6.0% (up from 2.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Aug 27
Kawada Technologies, Inc. to Report Q2, 2024 Results on Nov 10, 2023 Kawada Technologies, Inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Price Target Changed • Aug 25
Price target increased by 18% to JP¥6,700 Up from JP¥5,700, the current price target is provided by 1 analyst. New target price is 20% above last closing price of JP¥5,570. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥936 for next year compared to JP¥720 last year. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥107 (vs JP¥26.30 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥107 (up from JP¥26.30 loss in 1Q 2023). Revenue: JP¥31.3b (up 35% from 1Q 2023). Net income: JP¥629.0m (up JP¥784.0m from 1Q 2023). Profit margin: 2.0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.6% 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 fallen by 21% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 26
Kawada Technologies, Inc. to Report Q1, 2024 Results on Aug 09, 2023 Kawada Technologies, Inc. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥720 (down from JP¥877 in FY 2022). Revenue: JP¥118.1b (up 14% from FY 2022). Net income: JP¥4.23b (down 18% from FY 2022). Profit margin: 3.6% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 4.2% 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 fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • May 14
Kawada Technologies, Inc. (TSE:3443) announces an Equity Buyback for 220,000 shares, representing 3.74% for ¥1,000 million. Kawada Technologies, Inc. (TSE:3443) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 3.74% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to carry out agile capital policy. The program will run until February 28, 2024. As of March 31, 2023, the company had 5,877,920 shares in issue (excluding treasury stock) and 39,450 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥120 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.6%). Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥128 (vs JP¥97.07 in 3Q 2022) Third quarter 2023 results: EPS: JP¥128 (up from JP¥97.07 in 3Q 2022). Revenue: JP¥30.5b (up 20% from 3Q 2022). Net income: JP¥751.0m (up 31% from 3Q 2022). Profit margin: 2.5% (up from 2.3% in 3Q 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 2.7% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. Announcement • Dec 10
Kawada Technologies, Inc. to Report Q3, 2023 Results on Feb 14, 2023 Kawada Technologies, Inc. announced that they will report Q3, 2023 results on Feb 14, 2023 Price Target Changed • Dec 07
Price target decreased to JP¥5,400 Down from JP¥5,850, the current price target is provided by 1 analyst. New target price is 61% above last closing price of JP¥3,355. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥579 for next year compared to JP¥877 last year. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥125 (vs JP¥362 in 2Q 2022) Second quarter 2023 results: EPS: JP¥125 (down from JP¥362 in 2Q 2022). Revenue: JP¥27.5b (flat on 2Q 2022). Net income: JP¥734.0m (down 66% from 2Q 2022). Profit margin: 2.7% (down from 7.8% in 2Q 2022). Revenue is forecast to grow 5.6% 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 fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
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. 10 non-independent directors. Independent Outside Director Shigeo Takagi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥125 (vs JP¥362 in 2Q 2022) Second quarter 2023 results: EPS: JP¥125 (down from JP¥362 in 2Q 2022). Revenue: JP¥27.5b (flat on 2Q 2022). Net income: JP¥734.0m (down 66% from 2Q 2022). Profit margin: 2.7% (down from 7.8% in 2Q 2022). Revenue is forecast to grow 5.6% 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 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Aug 28
Kawada Technologies, Inc. to Report Q2, 2023 Results on Nov 11, 2022 Kawada Technologies, Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥26.30 loss per share (vs JP¥205 profit in 1Q 2022) First quarter 2023 results: JP¥26.30 loss per share (down from JP¥205 profit in 1Q 2022). Revenue: JP¥23.2b (down 8.3% from 1Q 2022). Net loss: JP¥155.0m (down 113% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 8.9%, compared to a 12% growth forecast for the 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 fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jun 03
Kawada Technologies, Inc. to Report Q1, 2023 Results on Aug 09, 2022 Kawada Technologies, Inc. announced that they will report Q1, 2023 results on Aug 09, 2022