Raito Kogyo Co., Ltd. (JP:1926)
:1926
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Raito Kogyo Co., Ltd.
(1926)
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Rating:79Outperform
Price Target:
¥4,693.00
▲(38.64% Upside)
Action:Reiterated
Date:05/16/26
Overall score is driven primarily by strong financial performance (rising profitability and very low leverage), supported by a positive technical trend (price above key moving averages with positive MACD). Valuation is reasonable with a moderate P/E and solid dividend yield, while the main risk factor is year-to-year cash-flow volatility.
Positive Factors
Very conservative balance sheet
Extremely low leverage provides durable financial flexibility and downside protection. With minimal debt the company can absorb project delays, bid on larger contracts, support capital needs or dividends internally and avoid distress during sector slowdowns.
Negative Factors
Year-to-year cash-flow volatility
Material swings in operating cash due to project timing and receivables create planning uncertainty. Volatile cash impairs consistent reinvestment, can force short-term borrowing in weak years, and complicates capital allocation decisions across multi-year infrastructure cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Very conservative balance sheet
Extremely low leverage provides durable financial flexibility and downside protection. With minimal debt the company can absorb project delays, bid on larger contracts, support capital needs or dividends internally and avoid distress during sector slowdowns.
Read all positive factors
Raito Kogyo Co., Ltd. (1926) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥146.84B
Dividend Yield3.22%
Average Volume (3M)143.58K
Price to Earnings (P/E)13.9
Beta (1Y)0.44
Revenue Growth14.62%
EPS Growth33.65%
CountryJP
Employees1,374
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)228.53
Shares Outstanding42,970,450
10 Day Avg. Volume158,370
30 Day Avg. Volume143,580
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.84
Price to Sales (P/S)1.19
P/FCF Ratio15.87
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)278.8
Revenue Forecast (FY)¥136.97B
Raito Kogyo Co., Ltd. Business Overview & Revenue Model
Company Description
Raito Kogyo Co., Ltd. engages in the civil engineering works business in Japan, North America, and internationally. The company's civil engineering works include slope protection and stabilization, ground improvement, pile and diaphragm wall, sewa...
How the Company Makes Money
null...
Raito Kogyo Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 126.56B | 139.22B | 121.46B | 117.32B | 114.97B | 109.50B |
| Gross Profit | 25.92B | 30.33B | 25.10B | 23.22B | 23.92B | 23.95B |
| EBITDA | 16.61B | 20.31B | 15.91B | 14.14B | 15.23B | 15.38B |
| Net Income | 10.36B | 12.49B | 9.92B | 8.18B | 9.49B | 8.93B |
Balance Sheet | ||||||
| Total Assets | 115.03B | 125.93B | 122.21B | 124.45B | 122.92B | 115.89B |
| Cash, Cash Equivalents and Short-Term Investments | 25.31B | 29.98B | 30.95B | 34.93B | 30.61B | 32.02B |
| Total Debt | 1.69B | 1.83B | 1.66B | 1.55B | 1.83B | 882.00M |
| Total Liabilities | 29.75B | 35.04B | 33.53B | 33.35B | 37.48B | 35.06B |
| Stockholders Equity | 84.47B | 90.01B | 87.83B | 90.19B | 84.50B | 80.74B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.45B | 5.63B | 10.59B | 1.81B | 5.63B |
| Operating Cash Flow | 0.00 | 13.66B | 10.35B | 14.59B | 4.76B | 8.60B |
| Investing Cash Flow | 0.00 | -1.89B | -1.90B | -4.25B | 487.00M | -2.35B |
| Financing Cash Flow | 0.00 | -12.95B | -12.40B | -5.33B | -5.76B | -4.69B |
Raito Kogyo Co., Ltd. Technical Analysis
Positive
3385.00
Price Trends
3934.23
Positive
3814.84
Positive
3505.64
Positive
Market Momentum
39.86
Negative
54.99
Neutral
75.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1926, the sentiment is Positive. The current price of 3385 is below the 20-day moving average (MA) of 3950.75, below the 50-day MA of 3934.23, and below the 200-day MA of 3505.64, indicating a bullish trend. The MACD of 39.86 indicates Negative momentum. The RSI at 54.99 is Neutral, neither overbought nor oversold. The STOCH value of 75.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1926.
Raito Kogyo Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥146.84B | 13.90 | ― | 3.22% | 14.62% | 33.65% | |
79 Outperform | ¥128.92B | 11.03 | ― | 1.55% | 17.21% | 65.71% | |
64 Neutral | ¥165.24B | 15.99 | ― | 2.87% | -1.92% | -12.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥122.69B | 9.39 | ― | 2.89% | 16.39% | 101.50% | |
62 Neutral | ¥148.55B | 11.44 | ― | 3.44% | 1.86% | 11.05% | |
59 Neutral | ¥100.84B | 11.00 | ― | 3.13% | 10.13% | 13.31% |
* Industrials Sector Average
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Raito Kogyo Co., Ltd. Corporate Events
Raito Kogyo to Lift Annual Dividend 45% on Stronger Earnings and Payout Policy
May 14, 2026
Raito Kogyo has approved a higher year-end dividend for the fiscal year ended March 31, 2026, raising the fiscal year-end payout to ¥105 per share from the previously forecast ¥78 and up from ¥70 a year earlier. The total dividend f...
Raito Kogyo Delivers Strong FY2026 Earnings and Hikes Dividend, But Signals Flat Outlook
May 14, 2026
Raito Kogyo Co., Ltd. reported strong results for the fiscal year ended March 31, 2026, with net sales rising 14.6% to ¥139.2 billion and profit attributable to owners of parent climbing 25.9% to ¥12.5 billion. Profitability indicators i...
Raito Kogyo Advances Large-Scale Share Buyback Under 2026 Capital Program
May 7, 2026
Raito Kogyo has been executing a share repurchase program authorized by its board on February 5, 2026, targeting up to 2.3 million common shares, or about 5.37% of its outstanding stock excluding treasury shares, with a maximum outlay of ¥7 b...
Raito Kogyo Advances Share Buyback Program With ¥3.1 Billion Repurchased by March
Apr 1, 2026
Raito Kogyo Co., Ltd. has been actively executing a share buyback program authorized by its board of directors on February 5, 2026, under provisions of the Companies Act, aiming to repurchase up to 2.3 million shares or ¥7 billion of its comm...
Raito Kogyo Reports Initial Progress on ¥7 Billion Share Buyback Program
Mar 3, 2026
Raito Kogyo Co., Ltd. has disclosed the progress of its share buyback program authorized by its board on February 5, 2026, under provisions of the Companies Act allowing acquisition of its own common shares. Between February 6 and February 28, 202...
Raito Kogyo Lifts Full-Year Earnings and Dividend Forecasts on Strong Construction Progress
Feb 26, 2026
Raito Kogyo has raised its full-year earnings outlook for the fiscal year ending March 2026, citing stronger-than-expected progress on on-hand construction projects in Japan and at overseas subsidiaries. The company now projects consolidated net s...
Raito Kogyo Lifts Nine-Month Profit 36% and Confirms Higher Dividend Payout
Feb 18, 2026
Raito Kogyo Co., Ltd., a Tokyo-listed construction and civil engineering specialist, reported solid growth in the nine months to December 31, 2025, with net sales rising 16.2% year on year to ¥103.5 billion and profit attributable to owners o...
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.