Nittoc Construction Co., Ltd. (JP:1929)
:1929
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Nittoc Construction Co., Ltd.
(1929)
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Rating:75Outperform
Price Target:
¥1,614.00
▲(23.58% Upside)
Action:UpgradedDate:12/30/25
The score is driven primarily by strong financial stability (very low leverage) and generally positive cash generation, partially offset by recent margin and ROE compression. Technicals are constructive with price above major moving averages and a positive MACD, while valuation is reasonable with a solid dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and growing equity provide durable financial resilience. This reduces refinancing and credit risk, preserves capacity to fund capex or bid on projects, and supports continued dividend and investment policies through economic cycles, enhancing long-term stability.
Negative Factors
Margin compression
Sustained declines in operating and net margins materially reduce intrinsic earnings power and free cash flow per revenue dollar. If driven by cost or competitive pressure rather than timing, persistent compression could erode returns, constrain reinvestment, and impair long‑term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and growing equity provide durable financial resilience. This reduces refinancing and credit risk, preserves capacity to fund capex or bid on projects, and supports continued dividend and investment policies through economic cycles, enhancing long-term stability.
Read all positive factors
Nittoc Construction Co., Ltd. (1929) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥52.72B
Dividend Yield3.78%
Average Volume (3M)85.33K
Price to Earnings (P/E)7.3
Beta (1Y)0.62
Revenue Growth11.81%
EPS Growth52.35%
CountryJP
Employees1,097
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)44.43
Shares Outstanding41,774,900
10 Day Avg. Volume59,870
30 Day Avg. Volume85,326
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.25
Price to Sales (P/S)0.64
P/FCF Ratio13.55
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)86.2
Revenue Forecast (FY)¥83.00B
Nittoc Construction Co., Ltd. Business Overview & Revenue Model
Company Description
Nittoc Construction Co., Ltd. engages in specialized construction works in Japan. The company undertakes disaster prevention and environmental conservation works, such as re-vegetation, temporary anchor, river and shore embankment protection, slop...
How the Company Makes Money
Nittoc Construction Co., Ltd. generates revenue primarily through its construction services. The company's key revenue streams include contracts for civil engineering projects, such as infrastructure development, and building construction projects...
Nittoc Construction Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.52B | 67.22B | 71.88B | 72.92B | 66.08B | 67.95B |
| Gross Profit | 13.35B | 12.56B | 12.71B | 13.69B | 12.13B | 12.85B |
| EBITDA | 5.20B | 4.55B | 5.14B | 6.04B | 5.03B | 5.76B |
| Net Income | 2.83B | 2.41B | 3.06B | 3.53B | 3.33B | 3.50B |
Balance Sheet | ||||||
| Total Assets | 57.16B | 57.74B | 54.74B | 52.81B | 51.71B | 51.97B |
| Cash, Cash Equivalents and Short-Term Investments | 18.79B | 18.15B | 19.64B | 19.46B | 20.72B | 17.72B |
| Total Debt | 653.00M | 707.00M | 0.00 | 0.00 | 4.00M | 286.00M |
| Total Liabilities | 23.28B | 23.17B | 20.70B | 20.68B | 21.10B | 23.17B |
| Stockholders Equity | 33.68B | 34.37B | 33.86B | 31.85B | 30.42B | 28.62B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.17B | 3.44B | 1.45B | 4.12B | 724.00M |
| Operating Cash Flow | 0.00 | 4.51B | 4.42B | 2.66B | 4.75B | 1.43B |
| Investing Cash Flow | 0.00 | -4.00B | -2.29B | -1.79B | -23.00M | -705.00M |
| Financing Cash Flow | 0.00 | -1.96B | -1.97B | -2.17B | -1.78B | -1.78B |
Nittoc Construction Co., Ltd. Technical Analysis
Positive
1306.00
Price Trends
1298.52
Negative
1273.58
Positive
1221.46
Positive
Market Momentum
-9.12
Negative
52.32
Neutral
81.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1929, the sentiment is Positive. The current price of 1306 is above the 20-day moving average (MA) of 1241.59, above the 50-day MA of 1298.52, and above the 200-day MA of 1221.46, indicating a neutral trend. The MACD of -9.12 indicates Negative momentum. The RSI at 52.32 is Neutral, neither overbought nor oversold. The STOCH value of 81.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1929.
Nittoc Construction Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥59.51B | 17.50 | ― | 2.01% | 14.48% | 122.79% | |
75 Outperform | ¥52.72B | 7.30 | ― | 3.78% | 11.81% | 52.35% | |
70 Outperform | ¥50.08B | 18.57 | ― | 3.53% | -2.95% | -35.66% | |
68 Neutral | ¥46.56B | 4.67 | ― | 2.26% | 12.93% | 98.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥46.89B | 20.04 | ― | 5.38% | -9.27% | -6.86% | |
60 Neutral | ¥60.74B | 19.35 | ― | 1.57% | 11.01% | 231.83% |
* Industrials Sector Average
JP:1929
Nittoc Construction Co., Ltd.
1,262.00
296.24
30.67%
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Nittoc Construction Co., Ltd. Corporate Events
Nittoc Construction Nearly Doubles Nine-Month Profit and Confirms Full-Year Outlook
Feb 9, 2026
Nittoc Construction reported a strong rebound for the nine months ended December 31, 2025, with net sales up 23.0% year on year to ¥61.2 billion and profit attributable to owners of parent nearly doubling to ¥3.04 billion. Earnings per s...
Nittoc Construction Revamps Top Management to Strengthen Governance and Operations
Jan 30, 2026
Nittoc Construction Co., Ltd. has announced a major leadership reshuffle and governance-focused reorganization, appointing long-time executive Naoto Kami as President Representative Director and CEO, effective April 1, 2026. Current President Re...
Nittoc Construction Discloses Ownership Structure and Interim Status of Parent Aso Corporation
Dec 25, 2025
Nittoc Construction has disclosed that its unlisted parent company, Aso Corporation, has finalized its interim financial results for the second quarter of the fiscal year ending March 31, 2026, and provided an outline of Aso’s corporate prof...
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.