Nishimatsu Construction Co., Ltd. (JP:1820)
:1820
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Nishimatsu Construction Co., Ltd.
(1820)
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Rating:65Neutral
Price Target:
¥6,212.00
▲(8.68% Upside)
Action:Downgraded
Date:05/14/26
The score is driven by attractive valuation (low P/E and ~4% dividend yield), but is held back by weak recent cash flow quality (negative free cash flow despite strong earnings) and elevated leverage. Technical indicators are broadly neutral, providing limited support or downside signal.
Positive Factors
Diversified Revenue Streams
Nishimatsu’s business spans civil works, building projects, renovation/maintenance and engineering services, creating multiple revenue channels. This breadth supports steadier backlog and recurring service work, smoothing volatility from any single market over a 2–6 month horizon.
Negative Factors
Weak Cash Generation
Despite reported earnings, OCF collapsed and FCF turned deeply negative in 2026, signaling higher working-capital drain or heavy capex. Persistent weak cash conversion raises funding risk for project payments, dividends, or investments without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Streams
Nishimatsu’s business spans civil works, building projects, renovation/maintenance and engineering services, creating multiple revenue channels. This breadth supports steadier backlog and recurring service work, smoothing volatility from any single market over a 2–6 month horizon.
Read all positive factors
Nishimatsu Construction Co., Ltd. (1820) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥213.85B
Dividend Yield3.82%
Average Volume (3M)106.88K
Price to Earnings (P/E)8.9
Beta (1Y)0.66
Revenue Growth7.97%
EPS Growth37.15%
CountryJP
Employees3,301
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)404.35
Shares Outstanding41,791,504
10 Day Avg. Volume108,890
30 Day Avg. Volume106,876
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)1.16
Price to Sales (P/S)0.57
P/FCF Ratio-11.12
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)517.85
Revenue Forecast (FY)¥418.65B
Nishimatsu Construction Co., Ltd. Business Overview & Revenue Model
Company Description
Nishimatsu Construction Co., Ltd. engages in the construction, development, real estate, and other businesses in Japan and internationally. It operates in three segments: Civil Engineering, Building Construction, and Development and Real Estate. T...
How the Company Makes Money
Nishimatsu Construction primarily makes money by contracting to deliver construction projects and recognizing revenue from those contracts over the life of each project in accordance with contract terms and progress. Key revenue streams typically ...
Nishimatsu Construction Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
61
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 365.58B | 396.03B | 366.81B | 401.63B | 339.76B | 323.75B |
| Gross Profit | 43.20B | 54.28B | 44.11B | 40.79B | 33.72B | 43.77B |
| EBITDA | 24.09B | 33.10B | 25.56B | 22.52B | 16.59B | 27.42B |
| Net Income | 15.96B | 24.07B | 17.54B | 12.39B | 9.65B | 15.10B |
Balance Sheet | ||||||
| Total Assets | 603.27B | 686.01B | 592.05B | 579.62B | 513.62B | 477.61B |
| Cash, Cash Equivalents and Short-Term Investments | 90.89B | 48.27B | 43.42B | 56.53B | 53.73B | 47.12B |
| Total Debt | 235.49B | 202.83B | 214.28B | 187.16B | 169.41B | 161.08B |
| Total Liabilities | 426.81B | 481.59B | 410.85B | 402.76B | 357.47B | 319.89B |
| Stockholders Equity | 167.91B | 194.90B | 172.14B | 168.82B | 148.84B | 151.33B |
Cash Flow | ||||||
| Free Cash Flow | -17.45B | -20.30B | -18.17B | 17.30B | 8.70B | 11.41B |
| Operating Cash Flow | -13.28B | 3.04B | 5.89B | 32.04B | 34.75B | 41.24B |
| Investing Cash Flow | -6.63B | -7.46B | -36.21B | -41.82B | -27.40B | -17.73B |
| Financing Cash Flow | 20.45B | 7.98B | 16.09B | 11.08B | -2.42B | -20.87B |
Nishimatsu Construction Co., Ltd. Technical Analysis
Negative
5716.00
Price Trends
5716.59
Negative
5864.64
Negative
5535.49
Negative
Market Momentum
-98.50
Positive
38.20
Neutral
28.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1820, the sentiment is Negative. The current price of 5716 is above the 20-day moving average (MA) of 5598.40, below the 50-day MA of 5716.59, and above the 200-day MA of 5535.49, indicating a bearish trend. The MACD of -98.50 indicates Positive momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 28.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1820.
Nishimatsu Construction Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥459.42B | 12.58 | ― | 2.73% | 10.07% | 47.19% | |
68 Neutral | ¥318.45B | 9.50 | 16.55% | 4.26% | 3.40% | 12.42% | |
67 Neutral | ¥499.74B | 13.92 | 10.95% | 1.88% | 9.18% | 184.84% | |
66 Neutral | ¥247.30B | 12.21 | 7.62% | 3.44% | -2.18% | 114.64% | |
65 Neutral | ¥213.85B | 8.91 | ― | 3.82% | 7.97% | 37.15% | |
64 Neutral | ¥2.33T | 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
JP:1820
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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.