Want to see JP:1929 full AI Analyst Report?
Top Page
Nittoc Construction Co., Ltd.
(1929)
Select Model
Select Model
Rating:75Outperform
Price Target:
¥1,313.00
▲(0.54% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by strong financial resilience (exceptionally low debt) and improved 2026 operating results, while valuation is also favorable with a moderate P/E and a ~4.2% dividend yield. Technicals are constructive in the short term but remain below the 200-day average, tempering the overall score.
Positive Factors
Minimal leverage
Exceptionally low leverage gives Nittoc Construction substantial financial flexibility through construction downturns. Limited debt-service pressure can support continued investment, protect resilience when project activity weakens, and reduce balance-sheet risk over the next several years.
Negative Factors
Cyclical operating profitability
Volatile operating margins reflect the sensitivity of construction earnings to project mix, costs and execution. This limits earnings predictability and creates a lasting risk that revenue growth may not consistently translate into comparable profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
Exceptionally low leverage gives Nittoc Construction substantial financial flexibility through construction downturns. Limited debt-service pressure can support continued investment, protect resilience when project activity weakens, and reduce balance-sheet risk over the next several years.
Read all positive factors
Nittoc Construction Co., Ltd. (1929) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥49.36B
Dividend Yield4.15%
Average Volume (3M)85.33K
Price to Earnings (P/E)11.6
Beta (1Y)0.68
Revenue Growth20.57%
EPS Growth50.62%
CountryJP
Employees1,206
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)102.21
Shares Outstanding41,795,540
10 Day Avg. Volume59,870
30 Day Avg. Volume85,326
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.37
Price to Sales (P/S)0.62
P/FCF Ratio23.33
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)88.6
Revenue Forecast (FY)¥81.50B
Nittoc Construction Co., Ltd. Business Overview & Revenue Model
Company Description
Nittoc Construction Co., Ltd. is a specialized Japanese construction firm focusing on critical infrastructure projects and environmental preservation. The company's expertise lies in disaster mitigation and ecological conservation, deploying solut...
How the Company Makes Money
null...
Nittoc Construction Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
92
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.03B | 83.80B | 67.22B | 71.88B | 72.92B | 66.08B |
| Gross Profit | 16.04B | 15.85B | 12.56B | 12.71B | 13.69B | 12.13B |
| EBITDA | 7.25B | 7.06B | 4.59B | 5.31B | 6.08B | 5.50B |
| Net Income | 4.27B | 4.17B | 2.41B | 3.06B | 3.53B | 3.33B |
Balance Sheet | ||||||
| Total Assets | 59.54B | 62.40B | 57.74B | 54.74B | 52.81B | 51.71B |
| Cash, Cash Equivalents and Short-Term Investments | 18.69B | 17.73B | 18.15B | 19.64B | 19.46B | 20.72B |
| Total Debt | 484.00M | 529.00M | 707.00M | 0.00 | 0.00 | 4.00M |
| Total Liabilities | 22.24B | 24.43B | 23.17B | 20.70B | 20.68B | 21.10B |
| Stockholders Equity | 37.02B | 37.70B | 34.37B | 33.86B | 31.85B | 30.42B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.21B | 3.17B | 3.44B | 1.45B | 4.12B |
| Operating Cash Flow | 0.00 | 3.47B | 4.51B | 4.42B | 2.66B | 4.75B |
| Investing Cash Flow | 0.00 | -1.77B | -4.00B | -2.29B | -1.79B | -23.00M |
| Financing Cash Flow | 0.00 | -2.19B | -1.96B | -1.97B | -2.17B | -1.78B |
Nittoc Construction Co., Ltd. Technical Analysis
Positive
1306.00
Price Trends
1134.84
Positive
1148.44
Positive
1209.73
Negative
Market Momentum
13.51
Negative
62.15
Neutral
80.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1929, the sentiment is Positive. The current price of 1306 is above the 20-day moving average (MA) of 1158.50, above the 50-day MA of 1134.84, and above the 200-day MA of 1209.73, indicating a neutral trend. The MACD of 13.51 indicates Negative momentum. The RSI at 62.15 is Neutral, neither overbought nor oversold. The STOCH value of 80.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1929.
Nittoc Construction Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥49.36B | 11.55 | ― | 3.78% | 20.57% | 50.62% | |
74 Outperform | ¥44.68B | 15.51 | ― | 5.38% | -27.67% | -45.04% | |
71 Outperform | ¥102.28B | 32.08 | ― | 2.01% | 13.04% | 15.16% | |
67 Neutral | ¥47.83B | 19.73 | ― | 3.53% | -0.27% | -35.54% | |
67 Neutral | ¥43.83B | 9.78 | ― | 2.26% | 16.38% | 40.16% | |
64 Neutral | ¥56.65B | 22.41 | ― | 1.57% | -6.91% | -46.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:1929
Nittoc Construction Co., Ltd.
1,181.00
-24.28
-2.01%
JP:1786
Oriental Shiraishi Corporation
361.00
-39.27
-9.81%
JP:1811
Zenitaka Corporation
7,910.00
1,582.47
25.01%
JP:1813
Fudo Tetra Corporation
2,881.00
298.58
11.56%
JP:1948
Kodensha,Co., Ltd.
11,430.00
8,928.74
356.97%
JP:3431
MIYAJI ENGINEERING GROUP, INC.
1,621.00
-329.42
-16.89%
Nittoc Construction Co., Ltd. Corporate Events
Nittoc Construction Delivers Strong Q1 Profits but Maintains Cautious Full-Year Outlook
Aug 7, 2026
Nittoc Construction reported a solid start to the fiscal year, with net sales for the three months ended June 30, 2026 rising 7.1% year on year to ¥18.5 billion and operating profit jumping 52.2% to ¥765 million, driving a 28.6% increase...
Nittoc Construction Completes Restricted Stock Compensation Share Issuance
Jul 21, 2026
Nittoc Construction Co., Ltd. has completed payment procedures for a previously approved issuance of new shares under a restricted stock compensation scheme for its leadership. The company issued 20,639 common shares at ¥1,085 per share, tota...
Nittoc Construction Highlights Strong Aso Group Control as Parent Results Confirmed
Jun 29, 2026
Nittoc Construction Co., Ltd. announced that the financial results of its unlisted parent, Aso Corporation, for the fiscal year ended March 31, 2026, have been confirmed, underscoring the parent’s significant influence over the listed builde...
Nittoc Construction Tightens Governance Framework With Policy Revision
Jun 24, 2026
Nittoc Construction has revised its Basic Policy on Corporate Governance, with changes centered on formalizing its company motto and management philosophy and strengthening disclosure practices. The board-approved revisions are aimed at enhancing ...
Nittoc Construction Issues Restricted Stock to Align Executive Pay With Shareholder Value
Jun 24, 2026
Nittoc Construction has approved the issuance of 20,639 new common shares as restricted stock to directors and delegated executive officers, valued at approximately ¥22.4 million, with payment due on July 21, 2026. The shares are priced based...
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.