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Wakachiku Construction Co., Ltd.
(1888)
Wakachiku Construction Co., Ltd. (1888) vs. iShares MSCI Japan ETF (EWJ)
Wakachiku Construction Co., Ltd. Business Overview & Revenue Model
Wakachiku Construction Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 90.00B | 86.46B | 94.92B | 84.00B | 89.16B | 89.82B |
| Gross Profit | 12.92B | 12.73B | 14.10B | 12.72B | 12.97B | 8.59B |
| EBITDA | 6.20B | 6.06B | 7.79B | 6.96B | 7.51B | 3.55B |
| Net Income | 3.76B | 3.69B | 5.09B | 5.44B | 4.74B | 1.81B |
Balance Sheet | ||||||
| Total Assets | 83.00B | 92.41B | 91.09B | 88.58B | 81.64B | 91.59B |
| Cash, Cash Equivalents and Short-Term Investments | 14.01B | 13.22B | 18.89B | 27.32B | 16.40B | 14.38B |
| Total Debt | 3.31B | 12.70B | 4.43B | 4.43B | 6.28B | 18.21B |
| Total Liabilities | 34.53B | 42.54B | 43.70B | 45.88B | 43.28B | 57.74B |
| Stockholders Equity | 46.93B | 48.32B | 45.93B | 41.32B | 37.09B | 32.69B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -11.35B | -5.50B | 14.17B | 14.67B | -6.00B |
| Operating Cash Flow | 0.00 | -10.26B | -4.03B | 15.07B | 15.95B | -5.45B |
| Investing Cash Flow | 0.00 | -1.85B | -3.61B | -1.33B | -1.48B | -651.00M |
| Financing Cash Flow | 0.00 | 6.45B | -1.31B | -2.90B | -12.66B | 5.13B |
Wakachiku Construction Co., Ltd. Technical Analysis
Wakachiku Construction Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥51.18B | 6.41 | ― | 3.97% | 2.85% | 317.62% | |
75 Outperform | ¥52.51B | 7.30 | ― | 3.78% | 11.81% | 52.35% | |
67 Neutral | ¥67.58B | 11.22 | ― | 2.56% | 1.71% | 14.20% | |
65 Neutral | ¥56.11B | 9.11 | ― | 2.84% | 15.45% | 43.95% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥72.53B | 7.46 | ― | 3.84% | -8.79% | ― | |
60 Neutral | ¥60.66B | 19.35 | ― | 1.57% | 11.01% | 231.83% |
Wakachiku Construction Co., Ltd. Corporate Events
Wakachiku Construction Co., Ltd. has arranged new financing under a syndication-type commitment line with 10 financial institutions, including trust, city and regional banks, to optimize procurement of working capital. The company will use the facility, with a total line of ¥13 billion, to repay ¥8.5 billion of existing loans and newly borrow ¥8 billion on an unsecured basis, under covenants that require maintaining net assets above a set threshold and avoiding two consecutive years of ordinary losses, with management stating the impact on its results will be immaterial.
The borrowing, scheduled for March 24, 2026 with repayment due March 31, 2026, reflects Wakachiku Construction’s effort to secure flexible liquidity while managing its debt profile. By refinancing part of its existing obligations through a committed, unsecured line shared among multiple banks, the company reinforces its financial stability and preserves access to working capital, which is important for sustaining operations and reassuring lenders and other stakeholders under clearly defined financial conditions.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen4422.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction has overhauled its top management structure, appointing current Director and Managing Executive Officer Mikihiko Nagasako as President and Representative Director, effective April 1, 2026. Nagasako, who has built his career in corporate planning and information systems, succeeds Katsuhiko Karasuda, who will move to the role of Chairman and Director.
In parallel, Hisatoshi Makihara, a veteran of the company’s construction business, will be promoted to Representative Director, Senior Managing Executive Officer, and General Manager of the Construction Business Division, while former Representative Director Kazumi Ishii becomes Director, Senior Managing Executive Officer responsible for the Construction Business Division. The reshuffle signals a shift toward a refreshed management lineup that balances corporate planning expertise with on-the-ground construction leadership as the company refines its governance and operational oversight in its core civil engineering and construction businesses.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen4422.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction has raised its full-year earnings forecasts for the fiscal year ending March 2026, citing sustained high construction progress and stronger profitability on existing projects. Consolidated net sales are now projected at ¥105.6 billion and profit attributable to owners of parent at ¥4.1 billion, both above previous guidance and last year’s results, reflecting improved gross margins on completed work and robust on-site execution.
On a non-consolidated basis, the company also expects higher net sales and profit, which underpin a modest upward revision to its dividend outlook. The forecast year-end dividend has been lifted from ¥131 to ¥132 per share, implying a dividend payout ratio of about 42% and signaling management’s confidence in earnings quality and its commitment to shareholder returns, subject to final board approval in May 2026.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen4422.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction announced the outcome of a tender offer for its common shares by ACVE Holdings, GK, which ran from February 13 to March 13, 2026, resulting in 1,071,300 shares being acquired out of 1,191,063 tendered. Following settlement on March 23, 2026, Aso Corporation, already a major shareholder, will control more than 50% of Wakachiku’s voting rights through direct and indirect holdings and will become the company’s new parent, further integrating the builder into Aso’s diversified industrial group.
Aso Corporation, a Fukuoka-based conglomerate active in cement, healthcare, trading and distribution, human resources and education, information and software, and construction and civil engineering, brings substantial financial scale with consolidated assets of over ¥648 billion. Its new parent role is set to deepen strategic ties between Wakachiku and Aso’s broad portfolio of businesses, potentially enhancing operational synergies within construction, materials, and related services for stakeholders across the group.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen4422.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction has entered into a capital and business alliance with Aso Corporation and ACVE Holdings to support sustainable growth and enhance corporate value, while its board has also backed a tender offer by ACVE Holdings for Wakachiku shares, leaving participation to shareholder discretion. The company emphasized that the tender offer is not intended to lead to delisting, and it expects its shares to remain on the Tokyo Stock Exchange Prime Market, aligning the alliance with its medium‑term plan to secure larger, more profitable projects amid labor shortages and rising costs.
By partnering with the diversified Aso Group, which operates across cement, healthcare and education among other sectors, Wakachiku aims to strengthen its position in social infrastructure and emerging fields such as offshore wind power generation. The collaboration is designed to help the construction firm improve productivity, deepen stakeholder coordination and advance human capital management, potentially reshaping its competitive standing in Japan’s construction and infrastructure markets.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5288.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction Co., Ltd. said its board has endorsed a tender offer for its common shares to be launched by ACVE Holdings GK, an investment vehicle wholly owned by major shareholder Aso Corporation. The company will support the offer but leave the final decision on whether to tender to individual shareholders, emphasizing that the transaction is part of a broader capital and business alliance with Aso and ACVE.
Under the plan, ACVE will offer 4,455 yen per share, and Wakachiku expects its stock to remain listed on the Tokyo Stock Exchange Prime Market after the deal. Because ACVE is fully controlled by Aso, which already holds about 42.63% of Wakachiku’s shares, the move consolidates Aso’s influence as a related party while maintaining the company’s public listing, a key point for existing investors and market liquidity.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5288.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction announced that ACVE Holdings, a wholly owned investment vehicle of Aso Corporation, will launch a tender offer to acquire common shares of Wakachiku and enter into a capital and business alliance with Aso and the company. ACVE currently holds no Wakachiku shares, while Aso already owns about 42.63% of the stock, and the new offer to purchase additional shares is expected to further consolidate Aso Group’s influence over Wakachiku’s governance and strategic direction.
The tender offer, conducted under Japan’s Financial Instruments and Exchange Act, targets 463,995 shares, equivalent to an ownership ratio of roughly 3.65% of Wakachiku’s outstanding shares after treasury stock. By tightening its equity and business ties with Aso and ACVE, Wakachiku is poised to deepen collaboration within the Aso Group, which may affect future capital policy, business development, and the balance of interests among existing shareholders and other stakeholders.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5288.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction has agreed to a tender offer for its shares by ACVE Holdings GK and to enter into a capital and business alliance with Aso Corporation and ACVE Holdings. Aso, which has been increasing its stake since 2019, signaled in September 2025 its intention to make Wakachiku a consolidated subsidiary, prompting the company to seek assurances on preserving listing status and management independence.
Following meetings in October 2025, the parties aligned on continued listing, limited board representation for Aso, and respect for Wakachiku’s operational autonomy, while enabling Aso to consolidate the company. In parallel, Aso secured positive indications from key shareholders to tender their shares and negotiated a tender offer price set at an 8% discount to a defined recent market price, culminating in the February 12, 2026 announcement of the offer and alliance, which will reshape Wakachiku’s ownership structure and deepen its strategic ties with Aso.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5288.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction reported a strong rebound for the nine months ended December 31, 2025, with net sales rising 24.2% year on year to ¥75.06 billion and operating profit jumping 41.9% to ¥4.08 billion. Profit attributable to owners of the parent increased 21.7% to ¥2.6 billion, while basic earnings per share climbed to ¥204.59, supported by higher volumes after a weak prior-year period.
Total assets expanded to ¥109.59 billion and net assets to ¥51.53 billion, though the equity ratio slipped to 45.6% as the balance sheet grew. The company maintained its full-year forecast, targeting ¥100.6 billion in net sales and ¥3.7 billion in profit attributable to owners of the parent, and plans to lift the annual dividend to ¥131 per share, signaling confidence in earnings stability and offering a modestly improved return to shareholders.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5288.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction Co., Ltd. has arranged new financing under existing commitment line agreements with a syndicate of 10 financial institutions, including trust, city and regional banks, to optimize its working capital structure. The company will refinance 13 billion yen of existing loans and raise an additional 8.5 billion yen under an unsecured syndication-type commitment line maturing on March 24, 2026, subject to financial covenants on net assets and ordinary profit, and it expects the impact on its business results to be immaterial, suggesting a primarily liquidity-management and balance-sheet-smoothing objective rather than a shift in business strategy.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5055.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction Co., Ltd. has decided to draw down funds under existing commitment line agreements with a syndicate of 10 financial institutions to efficiently secure working capital. The company will borrow 13 billion yen in total, using 11.5 billion yen to repay existing loans, under an unsecured syndication-type commitment line that includes financial covenants on net assets and ordinary profit, and it expects the impact of this financing move on its business results to be immaterial.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5055.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction Co., Ltd. has arranged new borrowings under existing commitment line agreements with a syndicate of 10 trust, city and regional banks to secure working capital. The company will repay 13 billion yen of existing loans and draw 11.5 billion yen under a 13 billion yen unsecured syndication-type commitment line maturing on January 23, 2026, subject to financial covenants on net assets and ordinary profit, with management stating that the impact on business results will be immaterial.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5194.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction has disclosed that its unlisted parent company, ASO CORPORATION, has finalized its semi-annual financial results for the fiscal year ending March 31, 2026, and outlined the parent’s basic profile, including its healthcare and real estate focus, capital size, and governance structure. The notice also details Wakachiku’s shareholder composition and major shareholders, underscoring the influence of Aso-related entities and educational institutions within its ownership structure, which is relevant for investors assessing control, governance dynamics, and the broader corporate group relationships surrounding the construction firm.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5194.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.
Wakachiku Construction Co., Ltd. has announced the decision to borrow funds under commitment line agreements with 10 financial institutions. This strategic move aims to enhance its working capital through a syndication-type commitment line agreement valued at 13 billion yen, demonstrating financial agility and commitment to maintaining operational liquidity while adhering to financial covenants.
The most recent analyst rating on (JP:1888) stock is a Hold with a Yen5194.00 price target. To see the full list of analyst forecasts on Wakachiku Construction Co., Ltd. stock, see the JP:1888 Stock Forecast page.