Tenox Corporation (JP:1905)
:1905
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Tenox Corporation
(1905)
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Rating:78Outperform
Price Target:
¥1,672.00
▲(20.46% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by strong fundamentals—especially a very strong, low-leverage balance sheet—plus an attractive valuation (very low P/E and solid dividend yield). Technicals are supportive with price above key moving averages and positive momentum, while the main risk is revenue volatility and uneven cash-flow generation.
Positive Factors
Low leverage / strong balance sheet
Very low leverage and a net-debt-free position provide durable financial flexibility for capex, dividends or opportunistic M&A. For a cyclical engineering & construction firm this reduces default risk, supports staying power through downturns and funds strategic choices without heavy external financing.
Negative Factors
Revenue volatility and recent decline
Material volatility in revenues, including an annual decline in 2026 after earlier strong growth, undermines predictable cash flow and margin planning. For a project-driven engineering firm, this complicates capacity planning, bidding discipline and makes multi-quarter forecasting and investment decisions harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low leverage and a net-debt-free position provide durable financial flexibility for capex, dividends or opportunistic M&A. For a cyclical engineering & construction firm this reduces default risk, supports staying power through downturns and funds strategic choices without heavy external financing.
Read all positive factors
Tenox Corporation (1905) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥9.35B
Dividend Yield4.09%
Average Volume (3M)10.72K
Price to Earnings (P/E)10.5
Beta (1Y)0.42
Revenue Growth-11.06%
EPS Growth24.64%
CountryJP
Employees335
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)155.78
Shares Outstanding7,347,680
10 Day Avg. Volume9,220
30 Day Avg. Volume10,720
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.70
Price to Sales (P/S)0.45
P/FCF Ratio11.12
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)N/A
Revenue Forecast (FY)N/A
Tenox Corporation Business Overview & Revenue Model
Company Description
Tenox Corporation engages in the construction business in Japan. The company specializes in foundation works; and provides civil engineering and construction consulting services, etc. It also sells concrete piles and steel pipe piles; rents equipm...
How the Company Makes Money
null...
Tenox Corporation Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.93B | 21.09B | 23.72B | 20.21B | 18.32B | 14.82B |
| Gross Profit | 4.10B | 4.00B | 3.62B | 2.83B | 2.76B | 2.36B |
| EBITDA | 2.12B | 1.89B | 1.66B | 999.44M | 1.09B | 936.38M |
| Net Income | 1.03B | 939.36M | 749.32M | 388.06M | 482.82M | 357.79M |
Balance Sheet | ||||||
| Total Assets | 19.49B | 21.31B | 21.07B | 19.07B | 18.77B | 17.68B |
| Cash, Cash Equivalents and Short-Term Investments | 8.53B | 7.88B | 10.23B | 8.37B | 9.55B | 9.61B |
| Total Debt | 234.57M | 0.00 | 173.46M | 21.32M | 31.05M | 44.54M |
| Total Liabilities | 6.12B | 7.37B | 7.78B | 6.38B | 6.30B | 5.38B |
| Stockholders Equity | 13.08B | 13.63B | 12.99B | 12.39B | 12.17B | 12.01B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 860.34M | 2.28B | -565.02M | 636.57M | 1.61B |
| Operating Cash Flow | 0.00 | 1.42B | 3.05B | 142.55M | 955.89M | 1.80B |
| Investing Cash Flow | 0.00 | -3.29B | -792.76M | -947.02M | -622.78M | -107.64M |
| Financing Cash Flow | 0.00 | -421.45M | -301.84M | -309.61M | -404.49M | -514.38M |
Tenox Corporation Technical Analysis
Positive
1388.00
Price Trends
1462.24
Positive
1437.41
Positive
1371.62
Positive
Market Momentum
2.53
Negative
52.72
Neutral
46.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1905, the sentiment is Positive. The current price of 1388 is below the 20-day moving average (MA) of 1467.80, below the 50-day MA of 1462.24, and above the 200-day MA of 1371.62, indicating a bullish trend. The MACD of 2.53 indicates Negative momentum. The RSI at 52.72 is Neutral, neither overbought nor oversold. The STOCH value of 46.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1905.
Tenox Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥9.35B | 10.48 | ― | 4.09% | -11.06% | 24.64% | |
70 Outperform | ¥7.80B | 14.33 | ― | 2.03% | 26.86% | 0.06% | |
69 Neutral | ¥10.32B | 11.14 | ― | 4.35% | -4.80% | 0.54% | |
64 Neutral | ¥10.71B | 12.73 | ― | 4.39% | -16.62% | -1.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥9.92B | 18.69 | ― | 2.74% | 8.14% | 14.87% | |
49 Neutral | ¥10.56B | 10.58 | ― | 2.33% | -4.56% | -54.63% |
* Industrials Sector Average
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Tenox Corporation Corporate Events
Tenox Reshapes Board While Maintaining Core Leadership Stability
Apr 2, 2026
Tenox Corporation has announced a series of director changes following a March 24 board meeting, with formal approval expected at the June 2026 shareholders’ meeting and subsequent board session. The move elevates Executive Officer Yuji Hira...
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.