Improved Profitability In 2025Meaningful margin recovery and 20.1% revenue growth in 2025 indicate the company can win and execute higher‑margin projects. Sustained improvement in project-level economics (gross margin ~22%) supports durable earnings capacity and reinvestment potential over the next several quarters.

Generally Sound Balance Sheet And Rising EquityModerate leverage and growing equity with improved ROE provide financial flexibility to fund project pipelines and absorb shocks. A structurally acceptable debt-to-equity ratio supports capital allocation and suggests capacity to meet near-term obligations if cash collection stabilizes.

Proven Ability To Generate Strong Cash Flow In Some YearsHistorical episodes of strong cash conversion show the business model can produce robust operating cash when billing and collections align. This indicates that operational controls and project economics can deliver cash, a structural upside if working capital management normalizes.

Bears Say

Recent Negative Operating And Free Cash FlowRepeated negative operating and free cash flow points to persistent working-capital swings and lumpy project billing. This reduces internal funding for capex/dividends, raises reliance on external financing, and increases execution risk across the project cycle over the coming months.

Rising Leverage Versus Prior YearsAn upward trend in debt reduces financial flexibility and increases sensitivity to interest costs. If cash generation remains inconsistent, higher leverage constrains the company's ability to invest in new contracts or absorb project delays, elevating medium‑term liquidity risk.

Cyclicality And Volatility In Revenue And MarginsVolatile top-line and margins, typical in construction, impair visibility into future earnings and cash flows. This cyclicality hampers long-term planning, may force conservative bidding or margin compression during downturns, and raises the likelihood of earnings swings over 2–6 months.

1718 FAQ

What was MIKIKOGYO CO., LTD.’s price range in the past 12 months?

MIKIKOGYO CO., LTD. lowest stock price was ¥4540.00 and its highest was ¥9970.00 in the past 12 months.

What is MIKIKOGYO CO., LTD.’s market cap?

MIKIKOGYO CO., LTD.’s market cap is ¥9.05B.

When is MIKIKOGYO CO., LTD.’s upcoming earnings report date?

MIKIKOGYO CO., LTD.’s upcoming earnings report date is Apr 23, 2026 which is in 61 days.

How were MIKIKOGYO CO., LTD.’s earnings last quarter?

MIKIKOGYO CO., LTD. released its earnings results on Feb 13, 2026. The company reported ¥281.731 earnings per share for the quarter, beating the consensus estimate of N/A by ¥281.731.

Is MIKIKOGYO CO., LTD. overvalued?

According to Wall Street analysts MIKIKOGYO CO., LTD.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does MIKIKOGYO CO., LTD. pay dividends?

MIKIKOGYO CO., LTD. pays a Semiannually dividend of ¥150 which represents an annual dividend yield of 2.87%. See more information on MIKIKOGYO CO., LTD. dividends here

What is MIKIKOGYO CO., LTD.’s EPS estimate?

MIKIKOGYO CO., LTD.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does MIKIKOGYO CO., LTD. have?

MIKIKOGYO CO., LTD. has 1,153,263 shares outstanding.

What happened to MIKIKOGYO CO., LTD.’s price movement after its last earnings report?

MIKIKOGYO CO., LTD. reported an EPS of ¥281.731 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -3.131%.

Which hedge fund is a major shareholder of MIKIKOGYO CO., LTD.?

Currently, no hedge funds are holding shares in JP:1718

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

MIKIKOGYO CO., LTD.

Mikikogyo Co., Ltd. engages in construction business in Japan. The company undertakes construction works for public facilities, medical facilities, welfare facilities for the elderly, commercial facilities, condominiums, office buildings, and nursery schools; renewal works for existing structures, such as buildings, condominiums, and commercial facilities; civil engineering works, including construction of sewage mains, road, pavement, rivers and parks, residential land, etc.; pipeline construction works; facility construction works; and paving, plumbing, water supply, drainage, sanitary air conditioning equipment, and clean energy related technology construction works. It also engages in the construction and management of solar power generation facilities; sales and construction of housing equipment; rental and management of real estate properties; and non-life insurance agency business, as well as solar power generation business. In addition, the company engages in the builds and sells detached houses; sells and installs gas appliances; installation of gas equipment and housing equipment; and operates restaurant business. Mikikogyo Co., Ltd. was founded in 1952 and is headquartered in Himeji, Japan.