Kajima Corporation (JP:1812)
:1812
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Kajima
(1812)
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Rating:66Neutral
Price Target:
¥6,682.00
▲(9.63% Upside)
Action:Downgraded
Date:05/15/26
The score is driven mainly by solid financial momentum in revenue and earnings, offset by volatile cash flow and higher leverage. Technical indicators add modest support, while valuation appears fair with a moderate dividend yield.
Positive Factors
Diversified business model
Kajima’s mix of building construction, civil engineering and real-estate development creates durable revenue diversification. Capturing planning, construction and asset-management margins across project lifecycles supports cross-selling, smoother demand cycles and long-term contract pipelines.
Negative Factors
Rising leverage
Marked increase in debt and higher debt-to-equity raises financial risk and sensitivity to interest-costs or project delays. Higher leverage reduces headroom for cyclical shocks, constrains flexibility for opportunistic investments, and increases refinancing needs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Kajima’s mix of building construction, civil engineering and real-estate development creates durable revenue diversification. Capturing planning, construction and asset-management margins across project lifecycles supports cross-selling, smoother demand cycles and long-term contract pipelines.
Read all positive factors
Kajima (1812) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.87T
Dividend Yield1.96%
Average Volume (3M)1.99M
Price to Earnings (P/E)15.5
Beta (1Y)0.91
Revenue Growth5.34%
EPS Growth42.44%
CountryJP
Employees19,813
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)286.70
Shares Outstanding528,656,000
10 Day Avg. Volume2,151,690
30 Day Avg. Volume1,993,970
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.95
Price to Sales (P/S)0.90
P/FCF Ratio43.05
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)397.76
Revenue Forecast (FY)¥3.03T
Kajima Business Overview & Revenue Model
Company Description
Kajima Corporation engages in civil engineering, building construction, and real estate development and other businesses worldwide. It provides procurement and construction services comprising sale and lease of construction equipment and materials...
How the Company Makes Money
Kajima primarily makes money by earning revenue from construction and engineering contracts. A significant portion of its revenue is generated through (1) building construction projects (e.g., commercial, residential, and institutional facilities)...
Kajima Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.95T | 3.07T | 2.91T | 2.67T | 2.39T | 2.08T |
| Gross Profit | 337.25B | 425.87B | 327.57B | 294.68B | 269.26B | 257.32B |
| EBITDA | 195.98B | 271.08B | 182.81B | 163.49B | 148.58B | 146.52B |
| Net Income | 134.90B | 177.33B | 125.82B | 115.03B | 111.79B | 103.87B |
Balance Sheet | ||||||
| Total Assets | 3.27T | 3.62T | 3.45T | 3.14T | 2.77T | 2.34T |
| Cash, Cash Equivalents and Short-Term Investments | 316.82B | 415.03B | 366.07B | 366.20B | 297.79B | 285.39B |
| Total Debt | 744.34B | 833.13B | 847.77B | 666.75B | 589.53B | 404.45B |
| Total Liabilities | 2.02T | 2.19T | 2.18T | 1.91T | 1.71T | 1.38T |
| Stockholders Equity | 1.23T | 1.42T | 1.26T | 1.21T | 1.05T | 945.71B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 64.07B | -35.90B | 82.23B | -86.91B | -19.20B |
| Operating Cash Flow | 0.00 | 114.58B | 30.72B | 123.73B | -26.17B | 30.21B |
| Investing Cash Flow | 0.00 | -42.74B | -101.67B | -58.64B | -79.38B | -49.47B |
| Financing Cash Flow | 0.00 | -34.27B | 58.44B | -13.85B | 106.59B | -22.62B |
Kajima Technical Analysis
Positive
6095.00
Price Trends
6019.14
Negative
6260.05
Negative
5530.07
Positive
Market Momentum
-101.09
Positive
49.25
Neutral
53.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1812, the sentiment is Positive. The current price of 6095 is above the 20-day moving average (MA) of 5979.00, above the 50-day MA of 6019.14, and above the 200-day MA of 5530.07, indicating a neutral trend. The MACD of -101.09 indicates Positive momentum. The RSI at 49.25 is Neutral, neither overbought nor oversold. The STOCH value of 53.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1812.
Kajima Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥324.67B | 9.50 | 16.55% | 4.26% | 3.40% | 12.42% | |
66 Neutral | ¥2.87T | 15.53 | 13.56% | 1.96% | 5.34% | 42.44% | |
66 Neutral | ¥247.30B | 12.21 | 7.62% | 3.44% | -2.18% | 114.64% | |
66 Neutral | ¥1.79T | 14.35 | 11.22% | 1.48% | 5.83% | 96.00% | |
65 Neutral | ¥2.23T | 12.85 | 14.23% | 2.47% | -1.29% | 22.69% | |
64 Neutral | ¥2.28T | 13.55 | 16.64% | 1.83% | -3.02% | 50.20% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Kajima Corporate Events
Kajima to Revise and Extend Performance-Linked Stock Plan for Directors
May 14, 2026
Kajima will revise and extend its trust-based performance-linked stock remuneration plan for directors as it transitions to a Company with an Audit Supervisory Committee, subject to shareholder approval at the June 2026 meeting. The changes narro...
Kajima to Use Treasury Stock for Performance-Linked Executive Remuneration Plan
May 14, 2026
Kajima has approved the disposal of 50,000 shares of its treasury stock, worth about ¥324 million, to fund a performance-linked stock remuneration plan for internal directors and executive officers. The shares will be transferred on June 2, 2...
Kajima Expands Performance-Linked Stock Remuneration Plan for Executives
May 14, 2026
Kajima has decided to make an additional cash entrustment to an existing performance-linked stock remuneration trust for its directors and executive officers, enabling the trustee to acquire more company shares. The move, which involves purchasing...
Kajima to Shift to Audit & Supervisory Committee Model in Governance Overhaul
May 14, 2026
Kajima plans to overhaul its governance framework by transitioning to a company with an Audit Supervisory Committee, replacing its current Audit Supervisory Board structure. The change is aimed at strengthening board oversight while accelerating...
Kajima Launches ¥40 Billion Share Buyback to Boost Capital Efficiency
May 14, 2026
Kajima’s board has approved a new share buyback program of up to 9 million shares, equivalent to about 1.9% of its outstanding stock, with a maximum outlay of ¥40 billion. The buyback, to be executed via market purchases on the Tokyo St...
Kajima Plans Sharp Dividend Hike on Strong FY2026 Results
May 14, 2026
Kajima’s board has approved a proposal to raise its year-end dividend for the fiscal year ended March 31, 2026, to ¥90 per share, up from ¥59 a year earlier, bringing total dividends for the year to ¥146 per share. The planned...
Kajima Lifts Dividend as Equity Strengthens Despite Revenue Decline
May 14, 2026
Kajima reported consolidated revenues of ¥3,067.3 billion for the year to March 31, 2026, with operating income of ¥240.8 billion and net income attributable to owners of the parent of ¥151.9 billion, reflecting solid profitability ...
Kajima Revises Director Changes, Names Kumano as Board Candidate and Ishikawa as Advisor
Apr 14, 2026
Kajima has amended its previously announced board reshuffle, deciding that Director and Executive Vice President Hiroshi Ishikawa will retire at the end of his current term in late June 2026 and move into an advisor role. In his place, Director an...
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.