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Hokuriku Electrical Construction Co
(1930)
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Rating:65Neutral
Price Target:
¥1,645.00
▲(12.21% Upside)
Action:Downgraded
Date:08/06/26
The score is anchored by strong financial quality—especially very low leverage and improving profitability—supported by attractive valuation (low P/E and solid yield). These positives are offset by weak current technical momentum (negative MACD and price below key moving averages) and the key fundamental risk of volatile cash flow generation.
Positive Factors
Conservative balance sheet
Very low leverage gives the company durable financial flexibility to bid on large projects, absorb working-capital swings and fund capex or dividends without urgent refinancing. This conservatism reduces solvency risk across project cycles and supports creditworthiness over months.
Negative Factors
Inconsistent cash conversion
Sharp swings in operating and free cash flow indicate working-capital timing risks and unreliable cash conversion. This volatility can force short-term financing, constrain timely capex or maintenance investments, and complicate dividend planning, weakening operational resilience over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives the company durable financial flexibility to bid on large projects, absorb working-capital swings and fund capex or dividends without urgent refinancing. This conservatism reduces solvency risk across project cycles and supports creditworthiness over months.
Read all positive factors
Hokuriku Electrical Construction Co (1930) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥41.57B
Dividend Yield3.23%
Average Volume (3M)48.09K
Price to Earnings (P/E)9.9
Beta (1Y)0.85
Revenue Growth15.90%
EPS Growth35.06%
CountryJP
Employees1,354
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)149.86
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., Ltd. is a Japanese company specializing in various construction activities. Its main operations include undertaking projects for electrical systems, heating, ventilation, and air conditioning (HVAC), telecommu...
How the Company Makes Money
The company primarily makes money by contracting and delivering electrical construction and engineering work, recognizing revenue from project-based contracts that typically include design/engineering, procurement of materials and equipment, insta...
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 | 63.28B | 61.03B | 57.41B | 53.40B | 44.85B | 45.93B |
| Gross Profit | 12.24B | 11.58B | 10.37B | 8.88B | 7.03B | 6.94B |
| EBITDA | 6.89B | 6.36B | 5.96B | 4.65B | 3.37B | 4.22B |
| Net Income | 4.13B | 3.87B | 3.19B | 2.21B | 1.63B | 2.25B |
Balance Sheet | ||||||
| Total Assets | 59.21B | 61.99B | 60.71B | 62.75B | 54.80B | 55.59B |
| Cash, Cash Equivalents and Short-Term Investments | 20.45B | 20.02B | 23.35B | 19.50B | 20.65B | 21.57B |
| Total Debt | 62.00M | 319.00M | 330.00M | 371.00M | 14.00M | 28.00M |
| Total Liabilities | 13.08B | 15.90B | 16.81B | 20.88B | 14.08B | 15.73B |
| Stockholders Equity | 46.13B | 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
Negative
1466.00
Price Trends
1612.26
Negative
1579.02
Negative
1525.54
Negative
Market Momentum
-38.25
Positive
39.97
Neutral
27.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1930, the sentiment is Negative. The current price of 1466 is below the 20-day moving average (MA) of 1551.45, below the 50-day MA of 1612.26, and below the 200-day MA of 1525.54, indicating a bearish trend. The MACD of -38.25 indicates Positive momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 27.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥272.79B | 14.35 | 7.85% | 2.72% | 5.94% | -10.93% | |
76 Outperform | ¥96.80B | 11.30 | ― | 4.38% | 0.40% | 67.67% | |
66 Neutral | ¥1.10T | 16.98 | 16.33% | 2.00% | 3.66% | 35.60% | |
65 Neutral | ¥41.57B | 9.91 | 8.71% | 3.27% | 15.90% | 35.06% | |
65 Neutral | ¥601.55B | 14.74 | ― | 2.15% | 1.48% | 41.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1930
Hokuriku Electrical Construction Co
1,493.00
102.84
7.40%
JP:1941
CHUDENKO
5,010.00
1,254.61
33.41%
JP:1942
Kandenko Co., Ltd.
5,500.00
1,746.77
46.54%
JP:1939
Yondenko Corporation
2,081.00
776.56
59.53%
JP:1959
Kraftia Corporation
8,150.00
1,125.33
16.02%
Hokuriku Electrical Construction Co Corporate Events
Hokuriku Electrical Construction Posts Strong Q1 Earnings and Reaffirms Full-Year Outlook
Jul 28, 2026
Hokuriku Electrical Construction reported strong consolidated results for the quarter ended June 30, 2026, with net sales rising 18.6% to ¥14.3 billion and operating profit more than doubling to ¥806 million. Ordinary profit climbed 85.4...
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.