Hokuriku Electrical Construction Co Ltd (JP:1930)
:1930
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Hokuriku Electrical Construction Co
(1930)
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Rating:77Outperform
Price Target:
¥1,909.00
▲(35.68% Upside)
Action:Reiterated
Date:05/01/26
Score is driven primarily by strong financial quality (notably very low leverage and improving profitability) and favorable valuation (low P/E and solid yield). Offsetting factors are cash flow volatility and only moderate technical momentum despite an overall uptrend.
Positive Factors
Conservative balance sheet
Extremely low leverage and growing equity provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate risk for an engineering firm, enabling steadier bidding on projects, capacity to absorb cost overruns, and optionality to invest in growth or withstand cyclical downturns.
Negative Factors
Cash-flow volatility
Large swings in operating and free cash flow indicate sensitive working-capital timing and project payment patterns. That variability complicates budgeting for capex, dividends, and bid pricing, and increases refinancing or liquidity risk in weaker years despite a conservative balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and growing equity provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate risk for an engineering firm, enabling steadier bidding on projects, capacity to absorb cost overruns, and optionality to invest in growth or withstand cyclical downturns.
Read all positive factors
Hokuriku Electrical Construction Co (1930) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥49.43B
Dividend Yield3.06%
Average Volume (3M)48.09K
Price to Earnings (P/E)6.4
Beta (1Y)0.83
Revenue Growth9.75%
EPS Growth22.98%
CountryJP
Employees1,330
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)111.11
Shares Outstanding29,963,991
10 Day Avg. Volume50,360
30 Day Avg. Volume48,093
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.86
Price to Sales (P/S)0.65
P/FCF Ratio1.37K
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
Hokuriku Electrical Construction Co Business Overview & Revenue Model
Company Description
Hokuriku Electrical Construction Co, established in 1930, is a leading player in the electrical construction industry, primarily operating in Japan. The company specializes in providing a comprehensive range of services including electrical instal...
How the Company Makes Money
The company primarily makes money by contracting and executing construction and engineering projects centered on electrical facilities. Revenue is generated through (1) project-based construction/installation contracts, where the company bids for ...
Hokuriku Electrical Construction Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.40B | 61.03B | 57.41B | 53.40B | 44.85B | 45.93B |
| Gross Profit | 10.36B | 11.58B | 10.37B | 8.88B | 7.03B | 6.94B |
| EBITDA | 5.69B | 6.36B | 5.96B | 4.65B | 3.37B | 4.22B |
| Net Income | 3.11B | 3.87B | 3.19B | 2.21B | 1.63B | 2.25B |
Balance Sheet | ||||||
| Total Assets | 56.21B | 61.99B | 60.71B | 62.75B | 54.80B | 55.59B |
| Cash, Cash Equivalents and Short-Term Investments | 22.61B | 20.02B | 23.35B | 19.50B | 20.65B | 21.57B |
| Total Debt | 111.00M | 319.00M | 330.00M | 371.00M | 14.00M | 28.00M |
| Total Liabilities | 12.68B | 15.90B | 16.81B | 20.88B | 14.08B | 15.73B |
| Stockholders Equity | 43.53B | 46.09B | 43.89B | 41.87B | 40.72B | 39.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 29.00M | 7.19B | 1.47B | 1.85B | -1.57B |
| Operating Cash Flow | 0.00 | 554.00M | 7.60B | 2.25B | 3.31B | 199.00M |
| Investing Cash Flow | 0.00 | -3.30B | -3.42B | -1.44B | -2.94B | -3.04B |
| Financing Cash Flow | 0.00 | -2.12B | -1.39B | -1.29B | -900.00M | -943.00M |
Hokuriku Electrical Construction Co Technical Analysis
Neutral
1407.00
Price Trends
1559.59
Negative
1498.35
Negative
1425.50
Positive
Market Momentum
-26.24
Negative
46.43
Neutral
22.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1930, the sentiment is Neutral. The current price of 1407 is below the 20-day moving average (MA) of 1465.68, below the 50-day MA of 1559.59, and below the 200-day MA of 1425.50, indicating a neutral trend. The MACD of -26.24 indicates Negative momentum. The RSI at 46.43 is Neutral, neither overbought nor oversold. The STOCH value of 22.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1930.
Hokuriku Electrical Construction Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥276.09B | 9.89 | 7.43% | 2.78% | 2.69% | -6.90% | |
78 Outperform | ¥1.50T | 17.13 | 14.94% | 2.00% | 10.44% | 50.36% | |
78 Outperform | ¥699.04B | 11.33 | ― | 2.15% | 0.46% | 38.67% | |
77 Outperform | ¥49.43B | 6.36 | 7.09% | 3.06% | 9.75% | 22.98% | |
77 Outperform | ¥101.57B | 6.30 | ― | 4.38% | -6.07% | 44.83% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1930
Hokuriku Electrical Construction Co
1,739.00
613.08
54.45%
JP:1941
CHUDENKO
4,965.00
1,811.25
57.43%
JP:1942
Kandenko Co., Ltd.
7,267.00
4,440.71
157.12%
JP:1939
Yondenko Corporation
2,103.00
858.85
69.03%
JP:1959
Kyudenko Corporation
9,838.00
5,048.76
105.42%
Hokuriku Electrical Construction Co Corporate Events
Hokuriku Electrical Construction to Appoint New Chairman in Planned Leadership Transition
Apr 28, 2026
Hokuriku Electrical Construction has announced a leadership transition, with the Board resolving to appoint Wataru Hirata as Representative Director and Chairman, pending approval at the June 26, 2026 shareholders’ meeting. Hirata, currently...
Hokuriku Electrical Construction Details Ties and Independence Within Hokuriku Electric Power Group
Apr 28, 2026
Hokuriku Electrical Construction Co., Ltd., an equity-method affiliate of Hokuriku Electric Power Company, specializes in distribution line construction, power transmission and transformation projects, and related electrical works. Listed on the T...
Hokuriku Electrical Construction to Lift Annual Dividend Under Capital-Efficiency Plan
Apr 28, 2026
Hokuriku Electrical Construction Co., Ltd. has approved a higher year-end dividend from surplus for the fiscal year ended March 31, 2026, raising the year-end payout to 26 yen per share versus the prior year’s 24 yen. Combined with the alrea...
Hokuriku Electrical Construction Beats Full-Year Forecasts on Strong Sales and Cost Controls
Apr 28, 2026
Hokuriku Electrical Construction reported that both its consolidated and non-consolidated results for the fiscal year ended March 31, 2026 exceeded the earnings forecasts announced in January. Strong net sales, combined with enhanced process and c...
Hokuriku Electrical Construction Lifts Profit and Dividend on Strong FY2026 Results
Apr 28, 2026
Hokuriku Electrical Construction reported consolidated net sales of ¥61.0 billion for the year ended March 31, 2026, up 9.7% year on year, with operating profit rising 17.7% to ¥5.1 billion and profit attributable to owners of parent cli...
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.