Nittoc Construction Co., Ltd. (JP:1929)
:1929
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Nittoc Construction Co., Ltd.
(1929)
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Rating:70Outperform
Price Target:
¥1,271.00
▼(-2.68% Downside)
Action:Reiterated
Date:05/12/26
The score is primarily supported by strong financial resilience (very low debt and improved profitability with 2026 growth) and a favorable valuation with a high dividend yield. These positives are offset by weak technical momentum, with the stock trading below major moving averages and bearish MACD/oscillators.
Positive Factors
Balance Sheet Strength
Extremely low leverage provides durable financial flexibility: it reduces insolvency risk, lowers interest burdens, and preserves capacity to fund projects, dividends or opportunistic investments during downturns. This conservatism supports long-term stability and resilience.
Negative Factors
Operating Cash Flow Variability
Material intra-year swings in operating cash flow and a low OCF coverage ratio highlight working-capital sensitivity. This variability can strain liquidity, force short-term funding in weaker quarters, and complicate consistent dividend or capex planning for the construction business.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage provides durable financial flexibility: it reduces insolvency risk, lowers interest burdens, and preserves capacity to fund projects, dividends or opportunistic investments during downturns. This conservatism supports long-term stability and resilience.
Read all positive factors
Nittoc Construction Co., Ltd. (1929) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥46.62B
Dividend Yield3.78%
Average Volume (3M)85.33K
Price to Earnings (P/E)11.1
Beta (1Y)0.61
Revenue Growth24.67%
EPS Growth72.89%
CountryJP
Employees1,097
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)67.86
Shares Outstanding41,774,900
10 Day Avg. Volume59,870
30 Day Avg. Volume85,326
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.37
Price to Sales (P/S)0.62
P/FCF Ratio23.33
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)95.8
Revenue Forecast (FY)¥84.00B
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
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Nittoc Construction Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
92
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.52B | 83.80B | 67.22B | 71.88B | 72.92B | 66.08B |
| Gross Profit | 13.35B | 15.85B | 12.56B | 12.71B | 13.69B | 12.13B |
| EBITDA | 5.20B | 6.90B | 4.55B | 5.14B | 6.04B | 5.03B |
| Net Income | 2.83B | 4.17B | 2.41B | 3.06B | 3.53B | 3.33B |
Balance Sheet | ||||||
| Total Assets | 57.16B | 62.40B | 57.74B | 54.74B | 52.81B | 51.71B |
| Cash, Cash Equivalents and Short-Term Investments | 18.79B | 17.73B | 18.15B | 19.64B | 19.46B | 20.72B |
| Total Debt | 653.00M | 529.00M | 707.00M | 0.00 | 0.00 | 4.00M |
| Total Liabilities | 23.28B | 24.43B | 23.17B | 20.70B | 20.68B | 21.10B |
| Stockholders Equity | 33.68B | 37.70B | 34.37B | 33.86B | 31.85B | 30.42B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.21B | 3.17B | 3.44B | 1.45B | 4.12B |
| Operating Cash Flow | 0.00 | 3.47B | 4.51B | 4.42B | 2.66B | 4.75B |
| Investing Cash Flow | 0.00 | -1.77B | -4.00B | -2.29B | -1.79B | -23.00M |
| Financing Cash Flow | 0.00 | -2.19B | -1.96B | -1.97B | -2.17B | -1.78B |
Nittoc Construction Co., Ltd. Technical Analysis
Negative
1306.00
Price Trends
1196.80
Negative
1260.93
Negative
1236.81
Negative
Market Momentum
-27.59
Positive
32.58
Neutral
36.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1929, the sentiment is Negative. The current price of 1306 is above the 20-day moving average (MA) of 1148.10, above the 50-day MA of 1196.80, and above the 200-day MA of 1236.81, indicating a bearish trend. The MACD of -27.59 indicates Positive momentum. The RSI at 32.58 is Neutral, neither overbought nor oversold. The STOCH value of 36.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥46.62B | 11.14 | ― | 3.78% | 24.67% | 72.89% | |
67 Neutral | ¥102.64B | 35.34 | ― | 2.01% | 12.66% | 4.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥43.19B | 10.94 | ― | 3.53% | 6.68% | -6.70% | |
63 Neutral | ¥40.53B | 9.30 | ― | 2.26% | 17.46% | 102.48% | |
63 Neutral | ¥41.13B | 12.06 | ― | 5.38% | -24.18% | -32.34% | |
60 Neutral | ¥57.30B | 14.53 | ― | 1.57% | 4.01% | 21.41% |
* Industrials Sector Average
JP:1929
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Nittoc Construction Co., Ltd. Corporate Events
Nittoc Construction Unveils 2026–2028 Plan Focused on Human Capital and Stable Earnings
May 11, 2026
Nittoc Construction has approved a new Medium-Term Management Plan covering fiscal 2026 to 2028, shifting its strategic emphasis from pure business scale expansion toward strengthening human capital and building an organizational structure capable...
Nittoc Construction Beats FY2026 Forecasts on Strong Orders and Profit Gains
May 11, 2026
Nittoc Construction reported that its consolidated results for the fiscal year ended March 31, 2026 significantly exceeded prior forecasts, driven by stronger-than-planned construction orders and accelerated project execution. Net sales rose to &#...
Nittoc Construction Details Aso Group Control and Minority Shareholder Safeguards
May 11, 2026
Nittoc Construction clarified its ownership structure, stating that AN Holdings Co., Ltd. directly holds 58.05% of its voting rights and is a wholly owned subsidiary of Aso Corporation, making Aso the company’s effective parent. AN Holdings ...
Nittoc Construction Posts Strong FY 2026 Earnings but Signals Softer Outlook
May 11, 2026
Nittoc Construction reported strong results for the fiscal year ended March 31, 2026, with net sales rising 24.7% to ¥83.8 billion and operating profit surging 58.4%, lifting profit attributable to owners of parent by 72.9% and boosting earni...
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.