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Ichiken Co., Ltd.
(1847)
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Rating:77Outperform
Price Target:
¥3,853.00
▼(-19.56% Downside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by solid fundamentals (improving profitability and a conservatively levered balance sheet) and an attractive valuation (low P/E and healthy dividend yield). Offsetting these strengths are inconsistent cash flows and technically overbought signals that increase near-term volatility risk.
Positive Factors
Margin & Profitability Improvement
Income statement shows sustained margin expansion and higher net income over the period, indicating improved project mix and execution. Stronger margins are a durable earnings driver that can persist through better contracting discipline and scale advantages over the next several months.
Negative Factors
Inconsistent Cash Generation
Operating and free cash flow swung sharply from strong positive to negative, signaling working-capital and project timing volatility. Unreliable cash conversion can constrain capex, tender capacity, and dividend sustainability for a contractor reliant on lumpy project receipts.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin & Profitability Improvement
Income statement shows sustained margin expansion and higher net income over the period, indicating improved project mix and execution. Stronger margins are a durable earnings driver that can persist through better contracting discipline and scale advantages over the next several months.
Read all positive factors
Ichiken Co., Ltd. (1847) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥50.32B
Dividend Yield3.33%
Average Volume (3M)11.98K
Price to Earnings (P/E)6.9
Beta (1Y)0.81
Revenue Growth14.95%
EPS Growth58.56%
CountryJP
Employees722
SectorReal Estate
Sector Strength53
IndustryEngineering & Construction
Share Statistics
EPS (TTM)499.33
Shares Outstanding14,568,800
10 Day Avg. Volume13,630
30 Day Avg. Volume11,976
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.92
Price to Sales (P/S)0.35
P/FCF Ratio-9.74
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
Ichiken Co., Ltd. Business Overview & Revenue Model
Company Description
Ichiken Co., Ltd. is a Japanese construction firm based in Tokyo. The company's operations encompass various areas, including urban infrastructure maintenance, property leasing, and the development of both commercial and residential facilities. Fu...
How the Company Makes Money
Ichiken primarily makes money by earning contract revenue from construction projects where it serves as a general contractor. Revenue is recognized from building and civil-related construction work performed under customer contracts, with project ...
Ichiken Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 108.32B | 106.18B | 99.00B | 96.37B | 88.06B | 83.78B |
| Gross Profit | 14.41B | 13.10B | 10.51B | 6.91B | 5.39B | 7.39B |
| EBITDA | 10.70B | 9.41B | 7.29B | 4.32B | 2.83B | 4.50B |
| Net Income | 7.25B | 6.41B | 4.70B | 2.94B | 1.71B | 2.98B |
Balance Sheet | ||||||
| Total Assets | 73.02B | 74.44B | 67.60B | 63.92B | 55.71B | 57.62B |
| Cash, Cash Equivalents and Short-Term Investments | 13.40B | 14.68B | 19.96B | 13.02B | 11.65B | 11.66B |
| Total Debt | 7.68B | 6.13B | 6.79B | 5.72B | 5.79B | 5.90B |
| Total Liabilities | 32.02B | 34.41B | 33.51B | 33.84B | 28.19B | 30.82B |
| Stockholders Equity | 41.00B | 40.02B | 34.09B | 30.08B | 27.53B | 26.80B |
Cash Flow | ||||||
| Free Cash Flow | -606.00M | -3.76B | 8.11B | 1.80B | 1.23B | 650.00M |
| Operating Cash Flow | -483.50M | -3.23B | 8.14B | 1.88B | 1.28B | 757.00M |
| Investing Cash Flow | -127.50M | -271.00M | -1.35B | 417.00M | -116.00M | -136.00M |
| Financing Cash Flow | -475.50M | -1.72B | 75.00M | -929.00M | -1.16B | -799.00M |
Ichiken Co., Ltd. Technical Analysis
Positive
4790.00
Price Trends
2874.00
Positive
2758.94
Positive
2618.74
Positive
Market Momentum
183.87
Negative
71.92
Negative
70.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1847, the sentiment is Positive. The current price of 4790 is above the 20-day moving average (MA) of 3191.65, above the 50-day MA of 2874.00, and above the 200-day MA of 2618.74, indicating a bullish trend. The MACD of 183.87 indicates Negative momentum. The RSI at 71.92 is Negative, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1847.
Ichiken Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥38.64B | 8.10 | ― | 3.86% | 23.50% | 120.22% | |
77 Outperform | ¥50.32B | 6.91 | ― | 3.01% | 14.95% | 58.56% | |
68 Neutral | ¥3.06T | 8.17 | 12.88% | 3.32% | 4.66% | 16.74% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | ¥41.67B | 8.74 | ― | 6.02% | -2.46% | -26.95% | |
59 Neutral | ¥62.00B | 8.51 | 5.86% | 7.35% | 24.52% | 5.03% | |
55 Neutral | ¥115.13B | 12.12 | 4.34% | 3.00% | 10.56% | 44.81% |
* Real Estate Sector Average
JP:1847
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Ichiken Co., Ltd. Corporate Events
Ichiken Posts Strong Q1 Gains and Lifts Dividend, Full-Year Outlook
Aug 7, 2026
Ichiken Co., Ltd. reported strong results for the three months ended June 30, 2026, with net sales rising 9.6% year on year to ¥24.3 billion and operating profit surging 76.5% to ¥2.9 billion. Profit attributable to owners of parent jump...
Ichiken boosts profits and dividends but signals softer outlook for FY2027
May 18, 2026
Ichiken reported consolidated net sales of ¥106.2 billion for the fiscal year ended March 31, 2026, up 7.2% year on year, with operating profit rising 32.2% to ¥9.0 billion and profit attributable to owners of parent climbing 36.9% 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.