Want to see JP:1810 full AI Analyst Report?
Top Page
Matsui Construction Co., Ltd.
(1810)
Select Model
Select Model
Rating:78Outperform
Price Target:
¥1,676.00
▲(11.36% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by improved financial performance (profit and cash flow rebound alongside a very conservative balance sheet) and supportive valuation (low P/E and strong dividend yield). Technicals are constructive but not fully aligned with a long-term uptrend given the price remains below the 200-day average.
Positive Factors
Profitability rebound
The substantial recovery in gross profit and net income indicates improved project profitability and stronger earnings capacity. If maintained through disciplined bidding and cost control, this rebound can support the company’s fundamentals over the coming quarters.
Negative Factors
Declining revenue
The latest revenue contraction shows that improved profitability has not yet translated into consistent top-line expansion. Persistent weakness in project awards or execution volume could limit operating leverage and make future earnings growth less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
The substantial recovery in gross profit and net income indicates improved project profitability and stronger earnings capacity. If maintained through disciplined bidding and cost control, this rebound can support the company’s fundamentals over the coming quarters.
Read all positive factors
Matsui Construction Co., Ltd. (1810) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥45.17B
Dividend Yield3.9%
Average Volume (3M)37.29K
Price to Earnings (P/E)9.2
Beta (1Y)0.89
Revenue Growth-6.31%
EPS Growth34.94%
CountryJP
Employees771
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)159.93
Shares Outstanding30,580,000
10 Day Avg. Volume35,710
30 Day Avg. Volume37,293
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.80
Price to Sales (P/S)0.47
P/FCF Ratio5.37
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
Matsui Construction Co., Ltd. Business Overview & Revenue Model
Company Description
Matsui Construction Co., Ltd. is a Japanese firm primarily involved in civil engineering, architectural design, project supervision, and general construction. Its portfolio includes a wide array of projects, from sacred sites like shrines and temp...
How the Company Makes Money
Matsui Construction generates revenue primarily by contracting and executing construction projects. Its core earnings come from (1) building construction work (e.g., new builds and related construction services) and (2) civil engineering work (e.g...
Matsui Construction Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
75
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.74B | 96.04B | 99.25B | 96.97B | 88.66B | 82.47B |
| Gross Profit | 11.12B | 10.90B | 7.53B | 4.71B | 6.59B | 6.60B |
| EBITDA | 6.92B | 6.96B | 4.44B | 2.21B | 3.08B | 3.35B |
| Net Income | 4.57B | 4.35B | 2.73B | 1.16B | 1.70B | 1.79B |
Balance Sheet | ||||||
| Total Assets | 90.10B | 87.64B | 81.42B | 78.61B | 72.38B | 69.92B |
| Cash, Cash Equivalents and Short-Term Investments | 21.88B | 17.00B | 13.46B | 9.29B | 21.50B | 15.90B |
| Total Debt | 5.98B | 157.00M | 3.17B | 5.18B | 209.00M | 229.00M |
| Total Liabilities | 32.44B | 30.61B | 30.80B | 30.99B | 28.21B | 27.03B |
| Stockholders Equity | 57.66B | 57.03B | 50.62B | 47.62B | 44.17B | 42.88B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 8.45B | 6.99B | -16.83B | 6.61B | -2.66B |
| Operating Cash Flow | 0.00 | 9.22B | 7.62B | -16.19B | 7.18B | -20.00M |
| Investing Cash Flow | 0.00 | -669.00M | -177.00M | -18.00M | -543.00M | -2.34B |
| Financing Cash Flow | 0.00 | -5.06B | -3.07B | 3.80B | -923.00M | -1.40B |
Matsui Construction Co., Ltd. Technical Analysis
Neutral
1505.00
Price Trends
1438.44
Positive
1439.29
Positive
1498.74
Negative
Market Momentum
13.33
Positive
50.29
Neutral
32.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1810, the sentiment is Neutral. The current price of 1505 is above the 20-day moving average (MA) of 1471.60, above the 50-day MA of 1438.44, and above the 200-day MA of 1498.74, indicating a neutral trend. The MACD of 13.33 indicates Positive momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 32.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1810.
Matsui Construction Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥45.17B | 9.18 | ― | 3.95% | -6.31% | 34.94% | |
78 Outperform | ¥46.74B | 9.18 | ― | 2.82% | 35.61% | 99.85% | |
75 Outperform | ¥50.66B | 11.68 | ― | 3.78% | 20.57% | 50.62% | |
75 Outperform | ¥47.66B | 10.51 | ― | 2.19% | -3.19% | 16.79% | |
68 Neutral | ¥41.58B | 8.74 | ― | 3.88% | 2.71% | 9.63% | |
65 Neutral | ¥43.89B | 10.34 | 9.17% | 3.27% | 15.90% | 35.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1810
Matsui Construction Co., Ltd.
1,463.00
118.17
8.79%
JP:1930
Hokuriku Electrical Construction Co
1,564.00
163.16
11.65%
JP:1827
Nakano Corporation
1,326.00
572.01
75.86%
JP:1929
Nittoc Construction Co., Ltd.
1,198.00
-52.49
-4.20%
JP:1967
Yamato Corporation
2,092.00
45.53
2.22%
JP:256A
Tobishima Holdings, Inc.
2,108.00
39.04
1.89%
Matsui Construction Co., Ltd. Corporate Events
Matsui Construction Lifts Quarterly Profit Despite Lower Sales, Keeps Full-Year Outlook Unchanged
Aug 7, 2026
Matsui Construction reported consolidated net sales of ¥20.26 billion for the three months ended June 30, 2026, down 10.2% year on year, but boosted profitability with operating profit up 15.9% to ¥1.33 billion and profit attributable to...
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.