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Raito Kogyo Co., Ltd.
(1926)
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Rating:80Outperform
Price Target:
¥1,090.00
▼(-67.80% Downside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by strong financial quality (improving profitability and very low leverage) and an attractive valuation profile (reasonable P/E and very high dividend yield). Offsetting these positives, technical indicators are neutral and cash-flow consistency remains the key fundamental risk due to notable year-to-year volatility.
Positive Factors
Revenue and earnings growth
The combination of roughly 10% revenue growth and a much faster increase in earnings indicates stronger operating performance and expanding profit contribution. If maintained, this provides greater internal funding capacity, supports reinvestment in specialized capabilities, and strengthens the company’s position in infrastructure-related markets.
Negative Factors
Volatile cash conversion
Although cash generation was positive in the latest year, large year-to-year swings and incomplete conversion from accounting profit create uncertainty around the timing and quality of earnings. Working-capital movements and project timing may therefore affect liquidity and reduce predictability of internally generated cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings growth
The combination of roughly 10% revenue growth and a much faster increase in earnings indicates stronger operating performance and expanding profit contribution. If maintained, this provides greater internal funding capacity, supports reinvestment in specialized capabilities, and strengthens the company’s position in infrastructure-related markets.
Read all positive factors
Raito Kogyo Co., Ltd. (1926) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥154.56B
Dividend Yield7.09%
Average Volume (3M)506.04K
Price to Earnings (P/E)12.5
Beta (1Y)0.53
Revenue Growth9.21%
EPS Growth31.08%
CountryJP
Employees1,399
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)74.88
Shares Outstanding171,881,800
10 Day Avg. Volume610,470
30 Day Avg. Volume506,036
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.84
Price to Sales (P/S)1.19
P/FCF Ratio15.87
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)77.09
Revenue Forecast (FY)¥138.86B
Raito Kogyo Co., Ltd. Business Overview & Revenue Model
Company Description
Raito Kogyo Co., Ltd. is a global civil engineering firm with extensive operations spanning Japan, North America, and other international markets. Their comprehensive suite of civil engineering services includes crucial tasks like slope reinforcem...
How the Company Makes Money
Raito Kogyo primarily makes money by contracting and executing construction works, with revenue recognized from project-based contracts. Its key revenue streams are (1) specialized civil engineering and geotechnical/foundation construction service...
Raito Kogyo Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.22B | 139.22B | 121.46B | 117.32B | 114.97B | 109.50B |
| Gross Profit | 31.02B | 30.33B | 25.10B | 23.22B | 23.92B | 23.95B |
| EBITDA | 21.03B | 20.52B | 17.17B | 14.67B | 15.86B | 15.45B |
| Net Income | 12.83B | 12.49B | 9.92B | 8.18B | 9.49B | 8.93B |
Balance Sheet | ||||||
| Total Assets | 115.75B | 125.93B | 122.21B | 124.45B | 122.92B | 115.89B |
| Cash, Cash Equivalents and Short-Term Investments | 26.45B | 29.98B | 30.95B | 34.93B | 30.61B | 32.02B |
| Total Debt | 1.81B | 1.83B | 1.66B | 1.55B | 1.83B | 882.00M |
| Total Liabilities | 30.39B | 35.04B | 33.53B | 33.35B | 37.48B | 35.06B |
| Stockholders Equity | 84.46B | 90.01B | 87.83B | 90.19B | 84.50B | 80.74B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.45B | 5.63B | 10.59B | 1.81B | 5.63B |
| Operating Cash Flow | 0.00 | 13.66B | 10.35B | 14.59B | 4.76B | 8.60B |
| Investing Cash Flow | 0.00 | -1.89B | -1.90B | -4.25B | 487.00M | -2.35B |
| Financing Cash Flow | 0.00 | -12.95B | -12.40B | -5.33B | -5.76B | -4.69B |
Raito Kogyo Co., Ltd. Technical Analysis
Negative
3385.00
Price Trends
944.20
Negative
967.50
Negative
945.68
Negative
Market Momentum
-1.28
Positive
43.27
Neutral
7.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1926, the sentiment is Negative. The current price of 3385 is above the 20-day moving average (MA) of 955.33, above the 50-day MA of 944.20, and above the 200-day MA of 945.68, indicating a bearish trend. The MACD of -1.28 indicates Positive momentum. The RSI at 43.27 is Neutral, neither overbought nor oversold. The STOCH value of 7.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1926.
Raito Kogyo Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥154.56B | 12.49 | ― | 7.09% | 9.21% | 31.08% | |
78 Outperform | ¥137.96B | 11.18 | ― | 5.80% | 13.64% | 49.43% | |
68 Neutral | ¥95.42B | 9.91 | ― | 6.39% | 5.67% | 19.34% | |
67 Neutral | ¥128.75B | 10.07 | ― | 4.17% | 0.23% | 7.75% | |
65 Neutral | ¥169.01B | 14.62 | ― | 3.04% | -4.04% | -3.71% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥120.60B | 8.79 | ― | 3.65% | 10.80% | 70.25% |
* Industrials Sector Average
JP:1926
Raito Kogyo Co., Ltd.
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178.75
23.64%
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555.44
33.67%
Raito Kogyo Co., Ltd. Corporate Events
Raito Kogyo Lifts Quarterly Profits, Plans Stock Split Amid Softer Full-Year Outlook
Aug 19, 2026
Raito Kogyo reported consolidated net sales of ¥29.5 billion for the three months ended June 30, 2026, down 3.3% year on year, but achieved strong profit growth, with operating profit up 19.5% and profit attributable to owners of parent risin...
Raito Kogyo to Implement Four-for-One Stock Split and Adjust Dividend Forecast
Aug 5, 2026
Raito Kogyo’s board has approved a four-for-one stock split effective October 1, 2026, aiming to lower its investment unit price, improve share liquidity, and broaden its investor base. The split will increase issued shares from about 43 mil...
Raito Kogyo Delivers Profit Growth, Adjusts Dividend Ahead of Stock Split
Aug 5, 2026
Raito Kogyo reported consolidated net sales of ¥29,522 million for the three months ended June 30, 2026, down 3.3% year on year, but achieved strong profit growth, with operating profit up 19.5% and profit attributable to owners of parent up ...
Raito Kogyo Nears Completion of ¥7 Billion Share Buyback Program
Jul 16, 2026
Raito Kogyo has completed a recent tranche of its share buyback program, purchasing 7,600 common shares on the market between July 1 and July 13, 2026, for a total of ¥30.87 million under a discretionary transaction arrangement. This transact...
Raito Kogyo Nears Ceiling on Board-Approved Share Buyback Program
Jul 3, 2026
Raito Kogyo Co., Ltd. reported the status of its ongoing share buyback program authorized by the board on February 5, 2026, under provisions of the Companies Act. The company is purchasing its own common shares through market transactions as part ...
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.