Matsui Construction Co., Ltd. (JP:1810)
:1810
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Matsui Construction Co., Ltd.
(1810)
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Rating:73Outperform
Price Target:
¥1,563.00
▲(3.85% Upside)
Action:Reiterated
Date:05/15/26
Score is driven primarily by strong financial fundamentals (profitability rebound, solid recent cash generation, and a debt-free balance sheet) and attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals, with the price below key moving averages and negative MACD indicating bearish momentum.
Positive Factors
Strong balance sheet
A low debt-to-equity ratio and a strong equity base provide durable financial flexibility: they reduce refinancing risk, support capital expenditure or bidding on large projects, and allow the firm to withstand cyclical downturns without eroding solvency or forcing asset sales.
Negative Factors
Recent revenue contraction
Negative revenue growth, even modest, signals potential weakness in new contract wins or project timing. Persisting declines could erode scale benefits, reduce backlog conversion, and pressure margins and cash generation over several quarters if not reversed by stronger tender wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A low debt-to-equity ratio and a strong equity base provide durable financial flexibility: they reduce refinancing risk, support capital expenditure or bidding on large projects, and allow the firm to withstand cyclical downturns without eroding solvency or forcing asset sales.
Read all positive factors
Matsui Construction Co., Ltd. (1810) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥40.13B
Dividend Yield3.97%
Average Volume (3M)26.16K
Price to Earnings (P/E)8.7
Beta (1Y)0.87
Revenue Growth-3.24%
EPS Growth60.95%
CountryJP
Employees767
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)118.46
Shares Outstanding30,580,000
10 Day Avg. Volume27,250
30 Day Avg. Volume26,163
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.80
Price to Sales (P/S)0.47
P/FCF Ratio5.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Matsui Construction Co., Ltd. Business Overview & Revenue Model
Company Description
Matsui Construction Co., Ltd. engages in the civil engineering, architectural designing, supervising, and construction business in Japan. The company undertakes shrines, temples, and cultural property works, as well as government building, office ...
How the Company Makes Money
Matsui Construction primarily makes money by earning contract revenue from construction projects it undertakes for customers. Key revenue streams typically include (a) building construction work (e.g., new builds, renovations, and related construc...
Matsui Construction Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.06B | 96.04B | 99.25B | 96.97B | 88.66B | 82.47B |
| Gross Profit | 8.66B | 10.90B | 7.53B | 4.71B | 6.59B | 6.60B |
| EBITDA | 4.90B | 6.17B | 3.88B | 763.00M | 2.77B | 3.00B |
| Net Income | 3.42B | 4.35B | 2.73B | 1.16B | 1.70B | 1.79B |
Balance Sheet | ||||||
| Total Assets | 75.35B | 87.64B | 81.42B | 78.61B | 72.38B | 69.92B |
| Cash, Cash Equivalents and Short-Term Investments | 12.86B | 17.00B | 13.46B | 9.29B | 21.50B | 15.90B |
| Total Debt | 3.95B | 0.00 | 3.17B | 5.18B | 209.00M | 229.00M |
| Total Liabilities | 24.21B | 30.61B | 30.80B | 30.99B | 28.21B | 27.03B |
| Stockholders Equity | 51.13B | 57.03B | 50.62B | 47.62B | 44.17B | 42.88B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 8.45B | 6.99B | -16.83B | 6.61B | -2.66B |
| Operating Cash Flow | 0.00 | 9.22B | 7.62B | -16.19B | 7.18B | -20.00M |
| Investing Cash Flow | 0.00 | -669.00M | -177.00M | -18.00M | -543.00M | -2.34B |
| Financing Cash Flow | 0.00 | -5.06B | -3.07B | 3.80B | -923.00M | -1.40B |
Matsui Construction Co., Ltd. Technical Analysis
Negative
1505.00
Price Trends
1512.08
Negative
1572.30
Negative
1483.57
Negative
Market Momentum
-56.96
Positive
29.19
Positive
19.97
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1810, the sentiment is Negative. The current price of 1505 is above the 20-day moving average (MA) of 1402.40, below the 50-day MA of 1512.08, and above the 200-day MA of 1483.57, indicating a bearish trend. The MACD of -56.96 indicates Positive momentum. The RSI at 29.19 is Positive, neither overbought nor oversold. The STOCH value of 19.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1810.
Matsui Construction Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥44.28B | 11.28 | 7.09% | 3.06% | 9.75% | 22.98% | |
77 Outperform | ¥43.41B | 9.32 | ― | 1.96% | 24.91% | 51.00% | |
73 Outperform | ¥40.13B | 8.67 | ― | 3.97% | -3.24% | 60.95% | |
70 Outperform | ¥45.78B | 11.08 | ― | 3.78% | 24.67% | 72.89% | |
67 Neutral | ¥45.98B | 10.16 | ― | 2.19% | 2.18% | 24.71% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥36.47B | 7.55 | ― | 3.88% | 0.72% | 30.10% |
* Industrials Sector Average
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Matsui Construction Co., Ltd. Corporate Events
Matsui Construction Boosts Profit and Dividends Despite Lower Sales
May 14, 2026
Matsui Construction reported consolidated net sales of ¥96.0 billion for the fiscal year ended March 31, 2026, down 3.2% year on year, but operating profit surged 67.3% to ¥5.7 billion and profit attributable to owners of parent rose 59....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.