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Tenox Corporation
(1905)
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Rating:66Neutral
Price Target:
¥1,585.00
▲(14.19% Upside)
Action:Downgraded
Date:08/17/26
The score is primarily supported by strong financial quality (notably a very conservative balance sheet and improved profitability) and reasonable valuation with a solid dividend yield. These positives are tempered by weaker technicals (negative MACD and price below key moving averages) and cash-flow inconsistency plus recent revenue volatility.
Positive Factors
Very low leverage
An effectively debt-free balance sheet gives Tenox financial resilience, lowers interest and refinancing risk, and preserves capacity to fund operations, dividends, or investment through construction-cycle volatility.
Negative Factors
Revenue volatility
The latest top-line contraction after several years of growth highlights uneven demand or project timing. Persistent revenue volatility can reduce earnings visibility and make capacity planning and margin protection more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
An effectively debt-free balance sheet gives Tenox financial resilience, lowers interest and refinancing risk, and preserves capacity to fund operations, dividends, or investment through construction-cycle volatility.
Read all positive factors
Tenox Corporation (1905) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥9.34B
Dividend Yield4.11%
Average Volume (3M)10.72K
Price to Earnings (P/E)14.4
Beta (1Y)0.43
Revenue Growth-9.05%
EPS Growth-34.62%
CountryJP
Employees384
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)101.83
Shares Outstanding7,347,680
10 Day Avg. Volume9,220
30 Day Avg. Volume10,720
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.70
Price to Sales (P/S)0.45
P/FCF Ratio11.12
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
Tenox Corporation Business Overview & Revenue Model
Company Description
Operating within Japan's construction sector, Tenox Corporation is primarily known for its expertise in foundation engineering. The company also extends its services to encompass civil engineering and specialized construction consulting. Furthermo...
Tenox Corporation Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.86B | 21.09B | 23.72B | 20.21B | 18.32B | 14.82B |
| Gross Profit | 3.74B | 4.00B | 3.62B | 2.83B | 2.76B | 2.36B |
| EBITDA | 1.46B | 1.89B | 1.66B | 999.44M | 1.09B | 936.38M |
| Net Income | 679.07M | 939.36M | 749.32M | 388.06M | 482.82M | 357.79M |
Balance Sheet | ||||||
| Total Assets | 19.61B | 21.31B | 21.07B | 19.07B | 18.77B | 17.68B |
| Cash, Cash Equivalents and Short-Term Investments | 6.49B | 7.88B | 10.23B | 8.37B | 9.55B | 9.61B |
| Total Debt | 205.80M | 0.00 | 173.46M | 21.32M | 31.05M | 44.54M |
| Total Liabilities | 5.92B | 7.37B | 7.78B | 6.38B | 6.30B | 5.38B |
| Stockholders Equity | 13.40B | 13.63B | 12.99B | 12.39B | 12.17B | 12.01B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 860.34M | 2.28B | -565.02M | 636.57M | 1.61B |
| Operating Cash Flow | 0.00 | 1.42B | 3.05B | 142.55M | 955.89M | 1.80B |
| Investing Cash Flow | 0.00 | -3.29B | -792.76M | -947.02M | -622.78M | -107.64M |
| Financing Cash Flow | 0.00 | -421.45M | -301.84M | -309.61M | -404.49M | -514.38M |
Tenox Corporation Technical Analysis
Neutral
1388.00
Price Trends
1504.90
Negative
1486.41
Negative
1428.26
Positive
Market Momentum
-9.82
Negative
46.65
Neutral
49.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1905, the sentiment is Neutral. The current price of 1388 is below the 20-day moving average (MA) of 1477.65, below the 50-day MA of 1504.90, and below the 200-day MA of 1428.26, indicating a neutral trend. The MACD of -9.82 indicates Negative momentum. The RSI at 46.65 is Neutral, neither overbought nor oversold. The STOCH value of 49.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1905.
Tenox Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥10.87B | 11.03 | ― | 4.35% | -5.96% | -7.00% | |
73 Outperform | ¥11.51B | 15.70 | ― | 4.39% | -20.56% | -28.40% | |
66 Neutral | ¥9.34B | 14.45 | ― | 4.09% | -9.05% | -34.62% | |
64 Neutral | ¥12.65B | 9.60 | ― | 2.33% | -5.37% | -47.05% | |
63 Neutral | ¥7.67B | 13.84 | ― | 2.03% | 23.05% | 8.64% | |
56 Neutral | ¥9.15B | 18.59 | ― | 2.74% | 11.22% | -1.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:1905
Tenox Corporation
1,471.00
141.53
10.65%
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-37.66%
Tenox Corporation Corporate Events
Tenox Endures Weak First Quarter but Affirms Full-Year Growth and Higher Dividend Plan
Aug 17, 2026
Tenox reported a soft first quarter for the fiscal year ending March 2027, with net sales slipping 4.5% year on year to ¥4.94 billion and operating results deteriorating into a small loss, while profit attributable to owners of parent dropped...
Tenox Completes Restricted Stock Compensation Disposal to Senior Management
Aug 5, 2026
Tenox Corporation has completed payment procedures for the disposal of 20,110 shares of its treasury stock under a restricted stock compensation scheme for senior management. The transaction, priced at 1,515 yen per share for a total of 30,466,650...
Tenox Uses Restricted Stock to Tighten Executive-Shareholder Alignment
Aug 5, 2026
Tenox Corporation has approved the disposal of 20,110 shares of its treasury stock as restricted stock compensation to six directors and four executive officers, valuing the grant at ¥30,466,650, with a disposal price set at ¥1,515 per s...
Tenox Raises Profit and Dividend Outlook Despite Lower Sales Forecast
May 21, 2026
Tenox Corporation cut its full-year FY2025 net sales outlook to ¥21.09 billion after delays in starting certain large construction projects, but significantly raised its profit forecasts on the back of improved construction efficiency and a r...
Tenox lifts dividend as profit climbs despite lower sales
May 21, 2026
Tenox Corporation reported consolidated net sales of ¥21.1 billion for the year ended March 31, 2026, down 11.1% year on year, while operating profit rose 15.6% to ¥1.29 billion and profit attributable to owners of parent increased 25.4%...
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.