Ichiken Co., Ltd. (JP:1847)
:1847
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Ichiken Co., Ltd.
(1847)
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Rating:71Outperform
Price Target:
¥2,816.00
▼(-41.21% Downside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by solid financial fundamentals (profitability improvement and low leverage) and very attractive valuation (low P/E and high dividend yield). This is tempered by weak near-term technicals (price below key short/intermediate moving averages with negative MACD) and cash-flow volatility, including negative operating/free cash flow in 2026.
Positive Factors
Margin Improvement
Margins strengthened materially across the recent period, indicating improved project mix, execution and pricing discipline. Sustained higher gross and net margins increase durable earnings power, provide reinvestment capacity and create a buffer versus cyclical downturns in construction.
Negative Factors
Inconsistent Cash Generation
Operating and free cash flow swing sharply year-to-year due to project timing and working-capital moves. Unreliable cash generation constrains funding for capex, dividends or larger bids, forces reliance on short-term financing in weak years, and raises execution risk over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Improvement
Margins strengthened materially across the recent period, indicating improved project mix, execution and pricing discipline. Sustained higher gross and net margins increase durable earnings power, provide reinvestment capacity and create a buffer versus cyclical downturns in construction.
Read all positive factors
Ichiken Co., Ltd. (1847) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥36.77B
Dividend Yield3.01%
Average Volume (3M)11.98K
Price to Earnings (P/E)5.8
Beta (1Y)0.70
Revenue Growth7.25%
EPS Growth36.43%
CountryJP
Employees504
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)185.84
Shares Outstanding14,568,800
10 Day Avg. Volume13,630
30 Day Avg. Volume11,976
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.92
Price to Sales (P/S)0.35
P/FCF Ratio-9.74
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
Ichiken Co., Ltd. Business Overview & Revenue Model
Company Description
Ichiken Co., Ltd. engages in the construction business in Japan. The company is involved in the urban environment maintenance business; rents buildings; and develops commercial and housing facilities. It also plans, designs, develops, constructs, ...
How the Company Makes Money
Ichiken makes money primarily by earning revenue from construction contracts as a general contractor. Its main revenue stream is contract-based project income recognized as work progresses and/or upon project completion, based on the terms of each...
Ichiken Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.40B | 106.18B | 99.00B | 96.37B | 88.06B | 83.78B |
| Gross Profit | 5.77B | 13.10B | 10.51B | 6.91B | 5.39B | 7.39B |
| EBITDA | 4.02B | 9.41B | 7.29B | 4.32B | 2.83B | 4.50B |
| Net Income | 2.70B | 6.41B | 4.70B | 2.94B | 1.71B | 2.98B |
Balance Sheet | ||||||
| Total Assets | 67.60B | 74.44B | 67.60B | 63.92B | 55.71B | 57.62B |
| Cash, Cash Equivalents and Short-Term Investments | 19.96B | 14.68B | 19.96B | 13.02B | 11.65B | 11.66B |
| Total Debt | 6.79B | 6.13B | 6.79B | 5.72B | 5.79B | 5.90B |
| Total Liabilities | 33.51B | 34.41B | 33.51B | 33.84B | 28.19B | 30.82B |
| Stockholders Equity | 34.09B | 40.02B | 34.09B | 30.08B | 27.53B | 26.80B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.76B | 8.11B | 1.80B | 1.23B | 650.00M |
| Operating Cash Flow | 0.00 | -3.23B | 8.14B | 1.88B | 1.28B | 757.00M |
| Investing Cash Flow | 0.00 | -271.00M | -1.35B | 417.00M | -116.00M | -136.00M |
| Financing Cash Flow | 0.00 | -1.72B | 75.00M | -929.00M | -1.16B | -799.00M |
Ichiken Co., Ltd. Technical Analysis
Negative
4790.00
Price Trends
2679.95
Negative
2666.93
Negative
2281.88
Positive
Market Momentum
-52.80
Positive
42.16
Neutral
27.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1847, the sentiment is Negative. The current price of 4790 is above the 20-day moving average (MA) of 2623.05, above the 50-day MA of 2679.95, and above the 200-day MA of 2281.88, indicating a neutral trend. The MACD of -52.80 indicates Positive momentum. The RSI at 42.16 is Neutral, neither overbought nor oversold. The STOCH value of 27.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1847.
Ichiken Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥33.71B | 8.76 | ― | 3.86% | 18.56% | 86.25% | |
71 Outperform | ¥36.77B | 5.76 | ― | 3.01% | 7.25% | 36.43% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | ¥41.75B | 7.74 | ― | 6.02% | -5.07% | -26.79% | |
62 Neutral | ¥2.84T | 7.65 | 11.39% | 2.93% | 2.61% | 10.15% | |
58 Neutral | ¥121.60B | 20.27 | 4.48% | 3.30% | 3.93% | 16.91% | |
56 Neutral | ¥55.61B | 11.83 | 6.98% | 7.35% | 9.08% | -42.76% |
* Real Estate Sector Average
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Ichiken Co., Ltd. Corporate Events
Ichiken boosts profits and dividends but signals softer outlook for FY2027
May 18, 2026
Ichiken reported consolidated net sales of ¥106.2 billion for the fiscal year ended March 31, 2026, up 7.2% year on year, with operating profit rising 32.2% to ¥9.0 billion and profit attributable to owners of parent climbing 36.9% to &#...
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.