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Nittoc Construction Co., Ltd. (1929) AI Stock Analysis

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JP:1929

Nittoc Construction Co., Ltd.

(TSE/TYO:1929)

Select Model
Rating:80Outperform
Price Target:JPY 1,342.00â–²(16.09% Upside)
Action:reiterated
Date:08/17/26

Nittoc Construction receives an overall score of 80, reflecting strong financials, an attractive valuation, and moderately positive technicals. The company's low debt, improving profitability, and high dividend yield are key strengths. While the stock trades below its 200-day moving average, the overall profile is favorable for investors seeking stability and income.

Positive Factors
Minimal leverageExceptionally 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 profitabilityVolatile 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.

Nittoc Construction Co., Ltd. (1929) vs. iShares MSCI Japan ETF (EWJ)

-10%-5%0%5%10%15%20%25%JP:1929-0.60%EWJ+13.61%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 48.03B
Dividend Yield
4.24%
Average Volume (3M)
83.66K
Price to Earnings (P/E)
10.7
Beta (1Y)
0.68
Revenue Growth
14.74%
EPS Growth
34.06%
Country
Japan
Employees
1,206
Sector
General
Sector Strength
55
Industry
Engineering & Construction

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 solution...

How the Company Makes Money

null

Nittoc Construction Co., Ltd. Financial Statement Overview

Summary

Nittoc Construction exhibits solid financial health, with a strong balance sheet (score 95), robust revenue growth and profitability (score 80), and healthy cash flow generation (score 75). The company's minimal debt and improving margins support a positive outlook.

Income Statement

80Positive

Balance Sheet

95Very Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue85.03B83.80B67.22B71.88B72.92B66.08B
Gross Profit16.04B15.85B12.56B12.71B13.69B12.13B
EBITDA7.25B7.06B4.59B5.31B6.08B5.50B
Net Income4.27B4.17B2.41B3.06B3.53B3.33B
Balance Sheet
Total Assets59.54B62.40B57.74B54.74B52.81B51.71B
Cash, Cash Equivalents and Short-Term Investments18.69B17.73B18.15B19.64B19.46B20.72B
Total Debt484.00M529.00M707.00M004.00M
Total Liabilities22.24B24.43B23.17B20.70B20.68B21.10B
Stockholders Equity37.02B37.70B34.37B33.86B31.85B30.42B
Cash Flow
Free Cash Flow02.21B3.17B3.44B1.45B4.12B
Operating Cash Flow03.47B4.51B4.42B2.66B4.75B
Investing Cash Flow0-1.77B-4.00B-2.29B-1.79B-23.00M
Financing Cash Flow0-2.19B-1.96B-1.97B-2.17B-1.78B

Nittoc Construction Co., Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price1156.00

Price Trends

50DMA1174.54Negative
100DMA1143.91Positive
200DMA1178.89Negative

Market Momentum

MACD-8.62Positive
RSI49.73Neutral
STOCH74.77Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1929, the sentiment is Neutral. The current price of 1156.00 is above the 20-day moving average (MA) of 1155.50, below the 50-day MA of 1174.54, and below the 200-day MA of 1178.89, indicating a neutral trend. The MACD of -8.62 indicates Positive momentum. The RSI at 49.73 is Neutral, neither overbought nor oversold. The STOCH value of 74.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1929.

Nittoc Construction Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:1929 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:1929JP:192980OutperformJPY 47.27B10.73―4.24%14.74%34.06%
JP:1813JP:181379OutperformJPY 40.29B8.07―5.48%11.46%66.15%
JP:3431JP:343174OutperformJPY 38.59B13.51―5.81%-21.57%-42.10%
JP:1786JP:178663NeutralJPY 42.39B21.81―4.75%-2.61%-46.07%
JP:1811JP:181160NeutralJPY 48.42B9.82―1.73%-10.79%-17.42%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-20%0%20%40%60%JP:1929JP:1786JP:1811JP:1813JP:3431Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:1929 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:1929Nittoc Construction Co., Ltd.1156.00-7.96-0.68%
JP:1786Oriental Shiraishi Corporation326.00-79.45-19.59%
JP:1811Zenitaka Corporation6930.00-1194.12-14.70%
JP:1813Fudo Tetra Corporation2677.00362.2715.65%
JP:3431MIYAJI ENGINEERING GROUP, INC.1412.00-454.09-24.33%

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 in profit at...

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, totaling ¥22...

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 builder. Aso Co...

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 man...

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 on the...

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.

Date of analysis: Aug 17, 2026