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An announcement from Nittoc Construction Co., Ltd. ( (JP:1929) ) is now available.
Nittoc Construction has approved a new Medium-Term Management Plan covering fiscal 2026 to 2028, shifting its strategic emphasis from pure business scale expansion toward strengthening human capital and building an organizational structure capable of delivering stable earnings. The move responds to past performance volatility and industry-wide challenges in securing on-site talent, with management positioning the company to sustain growth while reinforcing its role in critical infrastructure projects.
Under the plan, Nittoc targets an average of at least ¥81.5 billion in net sales and ¥5.7 billion in operating profit over the three-year period, alongside fiscal 2028 goals of ROIC and ROE of 10% or more and a price-to-book ratio of at least 1.5 times. The company will also pursue an average EBITDA of ¥6.0 billion and maintain progressive dividends at the current DOE level, signaling a commitment to both improved capital efficiency and stable shareholder returns as it seeks to enhance corporate value in a resilient construction market.
More about Nittoc Construction Co., Ltd.
Nittoc Construction Co., Ltd. is a Japan-based construction company listed on the Tokyo Stock Exchange Prime Market under code 1929. The company focuses on civil engineering and infrastructure-related projects, particularly in areas such as national resilience initiatives and large-scale repairs of aging infrastructure, where its technical strengths and on-site capabilities can be leveraged.
Average Trading Volume: 110,173
Technical Sentiment Signal: Buy
Current Market Cap: Yen49.38B
See more data about 1929 stock on TipRanks’ Stock Analysis page.