Announcement • Jun 25
Mitsubishi Kakoki Kaisha, Ltd. to Report Q1, 2027 Results on Jul 31, 2026 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥331 (up from JP¥214 in FY 2025). Revenue: JP¥84.2b (up 42% from FY 2025). Net income: JP¥7.55b (up 55% from FY 2025). Profit margin: 9.0% (up from 8.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,835, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Construction industry in Japan. Total returns to shareholders of 432% over the past three years. Announcement • May 15
Mitsubishi Kakoki Kaisha, Ltd., Annual General Meeting, Jun 26, 2026 Mitsubishi Kakoki Kaisha, Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Mitsubishi Kakoki Kaisha, Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Declared Dividend • Mar 26
Dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Board Change • Mar 26
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent External Director Junichi Masuda was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 23
Mitsubishi Kakoki Kaisha, Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 02
First half dividend of JP¥46.00 announced Shareholders will receive a dividend of JP¥46.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥66.44 (vs JP¥23.93 in 2Q 2025) Second quarter 2026 results: EPS: JP¥66.44 (up from JP¥23.93 in 2Q 2025). Revenue: JP¥20.3b (up 38% from 2Q 2025). Net income: JP¥1.51b (up 177% from 2Q 2025). Profit margin: 7.4% (up from 3.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 26
Mitsubishi Kakoki Kaisha, Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%). New Risk • Aug 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (8.1% net profit margin). New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (8.1% net profit margin). Board Change • Jul 11
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent External Director Mariko Kawaguchi was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Declared Dividend • Jul 09
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 9.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 26
Mitsubishi Kakoki Kaisha, Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥641 (vs JP¥236 in FY 2024) Full year 2025 results: EPS: JP¥641. Revenue: JP¥59.2b (up 24% from FY 2024). Net income: JP¥4.88b (down 9.6% from FY 2024). Profit margin: 8.2% (down from 11% in FY 2024). Announcement • May 16
Mitsubishi Kakoki Kaisha, Ltd., Annual General Meeting, Jun 27, 2025 Mitsubishi Kakoki Kaisha, Ltd., Annual General Meeting, Jun 27, 2025. New Risk • May 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥1,642, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 172% over the past three years. Announcement • Mar 27
Mitsubishi Kakoki Kaisha, Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥138 (vs JP¥351 in 3Q 2024) Third quarter 2025 results: EPS: JP¥138 (down from JP¥351 in 3Q 2024). Revenue: JP¥14.7b (up 22% from 3Q 2024). Net income: JP¥1.05b (down 61% from 3Q 2024). Profit margin: 7.1% (down from 22% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jan 03
Mitsubishi Kakoki Kaisha, Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥71.79 (vs JP¥152 in 2Q 2024) Second quarter 2025 results: EPS: JP¥71.79 (down from JP¥152 in 2Q 2024). Revenue: JP¥14.7b (up 14% from 2Q 2024). Net income: JP¥546.0m (down 53% from 2Q 2024). Profit margin: 3.7% (down from 9.0% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 20
Mitsubishi Kakoki Kaisha, Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Board Change • Aug 28
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent External Director Mariko Kawaguchi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,315, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 52% over the past three years. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥121 (vs JP¥57.90 in 1Q 2024) First quarter 2025 results: EPS: JP¥121 (up from JP¥57.90 in 1Q 2024). Revenue: JP¥11.9b (up 29% from 1Q 2024). Net income: JP¥917.0m (up 108% from 1Q 2024). Profit margin: 7.7% (up from 4.8% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Mitsubishi Kakoki Kaisha, Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,210, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 74% over the past three years. Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥709 (vs JP¥400 in FY 2023) Full year 2024 results: EPS: JP¥709 (up from JP¥400 in FY 2023). Revenue: JP¥47.8b (up 7.1% from FY 2023). Net income: JP¥5.40b (up 77% from FY 2023). Profit margin: 11% (up from 6.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Mitsubishi Kakoki Kaisha, Ltd., Annual General Meeting, Jun 27, 2024 Mitsubishi Kakoki Kaisha, Ltd., Annual General Meeting, Jun 27, 2024. New Risk • May 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.7%). Announcement • Mar 14
Mitsubishi Kakoki Kaisha, Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥351 (vs JP¥3.55 in 3Q 2023) Third quarter 2024 results: EPS: JP¥351 (up from JP¥3.55 in 3Q 2023). Revenue: JP¥12.1b (up 19% from 3Q 2023). Net income: JP¥2.68b (up JP¥2.65b from 3Q 2023). Profit margin: 22% (up from 0.3% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 07
Mitsubishi Kakoki Kaisha, Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 New Risk • Nov 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥152 (vs JP¥144 in 2Q 2023) Second quarter 2024 results: EPS: JP¥152 (up from JP¥144 in 2Q 2023). Revenue: JP¥12.9b (up 5.4% from 2Q 2023). Net income: JP¥1.16b (up 5.9% from 2Q 2023). Profit margin: 9.0% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Announcement • Sep 06
Mitsubishi Kakoki Kaisha, Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥57.90 (vs JP¥57.81 in 1Q 2023) First quarter 2024 results: EPS: JP¥57.90 (up from JP¥57.81 in 1Q 2023). Revenue: JP¥9.24b (up 3.2% from 1Q 2023). Net income: JP¥441.0m (flat on 1Q 2023). Profit margin: 4.8% (down from 4.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Announcement • Jun 28
Mitsubishi Kakoki Kaisha, Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,859, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 78% over the past three years. Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥400 (vs JP¥335 in FY 2022) Full year 2023 results: EPS: JP¥400 (up from JP¥335 in FY 2022). Revenue: JP¥44.6b (down 1.9% from FY 2022). Net income: JP¥3.04b (up 20% from FY 2022). Profit margin: 6.8% (up from 5.6% in FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.6%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥3.55 (vs JP¥10.78 in 3Q 2022) Third quarter 2023 results: EPS: JP¥3.55 (down from JP¥10.78 in 3Q 2022). Revenue: JP¥10.2b (down 3.4% from 3Q 2022). Net income: JP¥27.0m (down 67% from 3Q 2022). Profit margin: 0.3% (down from 0.8% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 21
Mitsubishi Kakoki Kaisha, Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent External Director Masaaki Kusunoki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥144 (vs JP¥95.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥144 (up from JP¥95.21 in 2Q 2022). Revenue: JP¥12.2b (up 2.4% from 2Q 2022). Net income: JP¥1.10b (up 51% from 2Q 2022). Profit margin: 9.0% (up from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥57.83 (vs JP¥59.16 in 1Q 2022) First quarter 2023 results: EPS: JP¥57.83 (down from JP¥59.16 in 1Q 2022). Revenue: JP¥8.96b (down 5.1% from 1Q 2022). Net income: JP¥440.0m (down 2.0% from 1Q 2022). Profit margin: 4.9% (up from 4.8% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥335 (vs JP¥331 in FY 2021) Full year 2022 results: EPS: JP¥335 (up from JP¥331 in FY 2021). Revenue: JP¥45.4b (down 6.8% from FY 2021). Net income: JP¥2.55b (up 1.4% from FY 2021). Profit margin: 5.6% (up from 5.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent External Director Masaaki Kusunoki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 22% and the cash payout ratio is 95%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥10.78 (down from JP¥55.48 in 3Q 2021). Revenue: JP¥10.5b (down 8.5% from 3Q 2021). Net income: JP¥82.0m (down 81% from 3Q 2021). Profit margin: 0.8% (down from 3.7% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥59.15 (vs JP¥51.40 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥9.44b (down 2.1% from 1Q 2021). Net income: JP¥449.0m (up 15% from 1Q 2021). Profit margin: 4.8% (up from 4.0% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥331 (vs JP¥239 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥48.8b (up 8.2% from FY 2020). Net income: JP¥2.51b (up 35% from FY 2020). Profit margin: 5.2% (up from 4.1% in FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥55.47 (vs JP¥95.81 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥11.5b (down 3.8% from 3Q 2020). Net income: JP¥421.0m (down 44% from 3Q 2020). Profit margin: 3.7% (down from 6.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 25% share price gain to JP¥3,690, the stock is trading at a trailing P/E ratio of 11.7x, up from the previous P/E ratio of 9.4x. This compares to an average P/E of 9x in the Construction industry in Japan. Total returns to shareholders over the past three years are 69%. Is New 90 Day High Low • Jan 07
New 90-day high: JP¥3,195 The company is up 70% from its price of JP¥1,875 on 09 October 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is flat over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: JP¥2,630 The company is up 50% from its price of JP¥1,748 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 17% share price gain to JP¥2,630, the stock is trading at a trailing P/E ratio of 8.4x, up from the previous P/E ratio of 7.1x. This compares to an average P/E of 9x in the Construction industry in Japan. Total returns to shareholders over the past three years are 25%. Announcement • Sep 06
Mitsubishi Kakoki Kaisha, Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 29
Mitsubishi Kakoki Kaisha, Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Mitsubishi Kakoki Kaisha, Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020