Announcement • 7h
Hokkaidenko Corporation, Annual General Meeting, Jun 26, 2026 Hokkaidenko Corporation, Annual General Meeting, Jun 26, 2026, at 10:00 Tokyo Standard Time. Location: 8-21, kikusui 2-jo 1-chome, shiroishi-ku, sapporo city, head office, 8th floor auditorium, sapporo Japan Board Change • May 20
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, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Outside Audit & Supervisory Board Member Takeshi Yamamoto is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Kazushi Yoneda was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 01
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, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Outside Audit & Supervisory Board Member Takeshi Yamamoto is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Kazushi Yoneda was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 28
Hokkaidenko Corporation Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 Hokkaidenko Corporation revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, on consolidated basis, the company now expects nets sales of JPY 70,800 million, operating income of JPY 3,960 million, Profit attributable to owners of parent of JPY 2,810 million and Basic profit per share of JPY 135.63 against previous guidance of nets sales of JPY 67,600 million, operating income of JPY 2,720 million, Profit attributable to owners of parent of JPY 1,940 million and Basic profit per share of JPY 93.64.
For the year, on non-consolidated basis, the company now expects nets sales of JPY 70,100 million, operating income of JPY 3,720 million, Profit of JPY 2,800 million and Basic profit per share of JPY 135.15 against previous guidance of nets sales of JPY 66,900 million, operating income of JPY 2,480 million, Profit of JPY 1,930 million and Basic profit per share of JPY 93.15. Reason for revision: As a result of orders not originally included in the forecast and accelerated progress on construction projects, primarily
related to power infrastructure, net sales and all profit figures are expected to exceed the previously announced forecasts. Announcement • Jun 03
Hokkaidenko Corporation, Annual General Meeting, Jun 27, 2025 Hokkaidenko Corporation, Annual General Meeting, Jun 27, 2025, at 10:00 Tokyo Standard Time. Location: shiroishi ward, kikusui 2-1-8-21, 8th floor auditorium of company head office, sapporo Japan Reported Earnings • May 01
Full year 2025 earnings released: EPS: JP¥120 (vs JP¥97.45 in FY 2024) Full year 2025 results: EPS: JP¥120 (up from JP¥97.45 in FY 2024). Revenue: JP¥68.9b (up 15% from FY 2024). Net income: JP¥2.48b (up 23% from FY 2024). Profit margin: 3.6% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • May 01
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, none were independent directors. The company's board is composed of: 5 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Outside Audit & Supervisory Board Member Takeshi Yamamoto is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Minoru Nagano was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥20.13 (vs JP¥13.56 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.13 (up from JP¥13.56 in 2Q 2024). Revenue: JP¥15.4b (up 17% from 2Q 2024). Net income: JP¥417.0m (up 48% from 2Q 2024). Profit margin: 2.7% (up from 2.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥738, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 11x in the Construction industry in Japan. Total returns to shareholders of 14% over the past three years. Reported Earnings • Jul 26
First quarter 2025 earnings released: EPS: JP¥9.36 (vs JP¥6.08 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥9.36 (up from JP¥6.08 loss in 1Q 2024). Revenue: JP¥11.7b (up 14% from 1Q 2024). Net income: JP¥194.0m (up JP¥320.0m from 1Q 2024). Profit margin: 1.7% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 19
Hokkai Electrical Construction Company,Incorporated, Annual General Meeting, Jun 27, 2024 Hokkai Electrical Construction Company,Incorporated, Annual General Meeting, Jun 27, 2024, at 10:00 Tokyo Standard Time. Location: kikusui 2-jo 1-8-21, shiroishi-ku, sapporo auditorium, on the 8th floor of our main store, sapporo Japan Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,170, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 12x in the Construction industry in Japan. Total returns to shareholders of 85% over the past three years. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥97.45 (vs JP¥45.27 in FY 2023) Full year 2024 results: EPS: JP¥97.45 (up from JP¥45.27 in FY 2023). Revenue: JP¥60.1b (down 15% from FY 2023). Net income: JP¥2.02b (up 115% from FY 2023). Profit margin: 3.4% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,124, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,150, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 76% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥860, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Construction industry in Japan. Total returns to shareholders of 29% over the past three years. Reported Earnings • Jan 27
Third quarter 2024 earnings released: EPS: JP¥37.60 (vs JP¥21.00 in 3Q 2023) Third quarter 2024 results: EPS: JP¥37.60 (up from JP¥21.00 in 3Q 2023). Revenue: JP¥16.6b (down 29% from 3Q 2023). Net income: JP¥779.0m (up 79% from 3Q 2023). Profit margin: 4.7% (up from 1.9% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% 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 • Oct 27
Second quarter 2024 earnings released: EPS: JP¥13.56 (vs JP¥7.92 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.56 (up from JP¥7.92 in 2Q 2023). Revenue: JP¥13.1b (down 26% from 2Q 2023). Net income: JP¥281.0m (up 71% from 2Q 2023). Profit margin: 2.1% (up from 0.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 28
First quarter 2024 earnings released: JP¥6.08 loss per share (vs JP¥16.02 loss in 1Q 2023) First quarter 2024 results: JP¥6.08 loss per share (improved from JP¥16.02 loss in 1Q 2023). Revenue: JP¥10.2b (down 11% from 1Q 2023). Net loss: JP¥126.0m (loss narrowed 62% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥45.27 (vs JP¥47.69 in FY 2022) Full year 2023 results: EPS: JP¥45.27 (down from JP¥47.69 in FY 2022). Revenue: JP¥71.0b (up 19% from FY 2022). Net income: JP¥938.0m (down 5.1% from FY 2022). Profit margin: 1.3% (down from 1.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.6%). Reported Earnings • Jan 27
Third quarter 2023 earnings released: EPS: JP¥21.00 (vs JP¥26.69 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.00 (down from JP¥26.69 in 3Q 2022). Revenue: JP¥23.3b (up 41% from 3Q 2022). Net income: JP¥435.0m (down 21% from 3Q 2022). Profit margin: 1.9% (down from 3.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥7.92 (vs JP¥12.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥7.92 (down from JP¥12.21 in 2Q 2022). Revenue: JP¥17.7b (up 17% from 2Q 2022). Net income: JP¥164.0m (down 35% from 2Q 2022). Profit margin: 0.9% (down from 1.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: JP¥7.92 (vs JP¥12.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥7.92 (down from JP¥12.21 in 2Q 2022). Revenue: JP¥17.7b (up 17% from 2Q 2022). Net income: JP¥164.0m (down 35% from 2Q 2022). Profit margin: 0.9% (down from 1.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥16.02 loss per share (vs JP¥10.72 loss in 1Q 2022) First quarter 2023 results: JP¥16.02 loss per share (down from JP¥10.72 loss in 1Q 2022). Revenue: JP¥11.5b (up 8.1% from 1Q 2022). Net loss: JP¥332.0m (loss widened 50% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Aug 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. No independent directors (12 non-independent directors). External Director Noriaki Harada was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 30
First quarter 2023 earnings released: JP¥16.02 loss per share (vs JP¥10.72 loss in 1Q 2022) First quarter 2023 results: JP¥16.02 loss per share (down from JP¥10.72 loss in 1Q 2022). Revenue: JP¥11.5b (up 8.1% from 1Q 2022). Net loss: JP¥332.0m (loss widened 50% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥47.69 (vs JP¥28.77 in FY 2021) Full year 2022 results: EPS: JP¥47.69 (up from JP¥28.77 in FY 2021). Revenue: JP¥59.6b (up 4.3% from FY 2021). Net income: JP¥988.0m (up 66% from FY 2021). Profit margin: 1.7% (up from 1.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. No independent directors (12 non-independent directors). External Director Noriaki Harada was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.1%). Reported Earnings • Jan 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥26.69 (up from JP¥18.92 in 3Q 2021). Revenue: JP¥16.5b (flat on 3Q 2021). Net income: JP¥553.0m (up 41% from 3Q 2021). Profit margin: 3.4% (up from 2.4% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS JP¥12.21 (vs JP¥6.13 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥15.2b (up 17% from 2Q 2021). Net income: JP¥253.0m (up 99% from 2Q 2021). Profit margin: 1.7% (up from 1.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Reported Earnings • Jul 29
First quarter 2022 earnings released: JP¥10.72 loss per share (vs JP¥20.22 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥10.7b (up 15% from 1Q 2021). Net loss: JP¥222.0m (loss narrowed 47% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • May 01
Full year 2021 earnings released: EPS JP¥28.77 (vs JP¥52.13 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥57.1b (down 3.7% from FY 2020). Net income: JP¥596.0m (down 45% from FY 2020). Profit margin: 1.0% (down from 1.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.6%). Is New 90 Day High Low • Feb 20
New 90-day high: JP¥670 The company is up 6.0% from its price of JP¥633 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 5.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥18.92 (vs JP¥41.99 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥16.5b (down 6.1% from 3Q 2020). Net income: JP¥392.0m (down 55% from 3Q 2020). Profit margin: 2.4% (down from 5.0% 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 2% per year whereas the company’s share price has remained flat. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥18.92 (vs JP¥41.99 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥16.5b (down 6.1% from 3Q 2020). Net income: JP¥392.0m (down 55% from 3Q 2020). Profit margin: 2.4% (down from 5.0% 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 2% per year whereas the company’s share price has remained flat. Is New 90 Day High Low • Jan 25
New 90-day high: JP¥659 The company is up 1.0% from its price of JP¥655 on 28 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: JP¥644 The company is down 7.0% from its price of JP¥691 on 21 August 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 2.0% over the same period. Reported Earnings • Nov 18
Second quarter 2021 earnings released: EPS JP¥6.13 The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥12.9b (flat on 2Q 2020). Net income: JP¥127.0m (down 54% from 2Q 2020). Profit margin: 1.0% (down from 2.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 28
First half earnings released Over the last 12 months the company has reported total profits of JP¥1.05b, down 6.5% from the prior year. Total revenue was JP¥59.5b over the last 12 months, up 7.6% from the prior year. Is New 90 Day High Low • Oct 20
New 90-day low: JP¥650 The company is down 5.0% from its price of JP¥685 on 22 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 4.0% over the same period.