Yahagi Construction Co., Ltd.

Yahagi Construction Co., Ltd.

TTSE:1870
2,094.00
JPY
+17.00
(+0.82%)
89.90BMarket Cap
Nov 10Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1,925.42
1,901.44
2,044.97
2,056.61
2,112.07
2,137.09
2,076.59
2,456.43
2,156.64
2,583.7
2,785.5
3,745.71
3,935.31
- -
Basic EPS, GAAP
75.06
83.87
107.5
117.41
94.12
103.13
118.84
75.85
112.18
104.83
150.22
150.23
196.72
- -
Free Cash Flow per Basic Share
157.71
-90.55
-81.98
113.96
76.72
-192.02
-26.17
-172.83
306.76
34.18
182.09
-480.16
199.44
- -
Dividend per Share
12.99
15.99
18.98
23.98
23.99
23.99
31.98
35
34.17
40.37
54.47
80.88
85.7
- -
Book Value per Share
727.87
801.07
863.41
964.51
1,045.08
1,123.07
1,199.01
1,258.89
1,338.09
1,405.09
1,546.4
1,599.55
1,760.05
- -
Tangible Book Value per Share
721.65
794.87
857.56
958.63
1,038.9
1,114.66
1,188.04
1,249.85
1,329.02
1,386.37
1,529.47
1,581.82
1,742.96
- -
Basic Weighted Avg Shares
43
43
43
43
43
43
43
43
43
43
43
38
43
43
Sales/Revenue/Turnover
83,569
82,528
88,758
89,263
91,668
92,754
90,128
106,614
93,089
111,110
119,824
140,698
169,399
- -
Operating Margin (%)
7.94
8.23
8.28
8.52
8.39
8.31
8.61
6.91
6.63
6.49
7.94
6.15
8.11
- -
Depreciation Expense
777
654
493
477
640
718
795
826
858
950
1,139
1,131
1,005
- -
Net Income, GAAP
3,258
3,640
4,666
5,096
4,085
4,476
5,158
3,292
4,842
4,508
6,462
5,643
8,468
- -
Effective Tax Rate (%)
43.03
41.9
33.57
32.27
38.15
35.54
31.98
41.63
31.02
29.33
30.74
30.86
29.69
- -
Profit Margin (%)
3.9
4.41
5.26
5.71
4.46
4.83
5.72
3.09
5.2
4.06
5.39
4.01
5
- -
Working Capital
21,445
28,932
26,985
27,422
27,084
27,355
30,391
33,804
35,287
35,380
44,202
52,719
55,897
- -
LT Debt
14,518
10,397
8,613
6,607
7,687
5,907
5,540
5,200
5,000
3,800
8,300
12,000
7,300
- -
Total Equity
31,598
34,774
37,480
41,868
45,366
48,751
52,047
54,640
57,532
60,432
66,539
68,835
76,010
- -
Return on Invested Capital (%)
6.68
7.12
8.6
8.82
7.92
7.35
6.9
4.83
4.53
5.59
7.05
5.94
8.7
- -
Return on Capital (%)
6.23
7.04
8.6
9.11
7.07
6.83
6.93
3.83
5.31
5.07
7.21
5.89
8.13
- -
Return on Common Equity (%)
10.73
10.97
12.92
12.85
9.37
9.51
10.24
6.17
8.63
7.64
10.18
8.34
11.69
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
26,600
23,500
- -
LT Borrowings
11,500
7,300
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
96,576
89,904
78,548

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
121,091
114,051
- -
Cash, Cash Equivalents & STI
15,617
16,260
- -
Accounts Receivable, Net
71,114
66,239
- -
Inventories
22,448
20,091
- -
Total Current Liabilities
62,331
58,154
- -
Payables & Accruals
- -
- -
- -
ST Debt
26,600
23,500
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.36%
6.86%
10.42%
Free Cash Flow
-55.84%
-82.08%
-147.6%
Net Income, GAAP
9.89%
24.18%
50.06%
Sales/Revenue/Turnover
7.22%
10.47%
20.4%
Total Cash Common Dividend
- -
20.17%
21.43%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
140,698
2026
- -
- -
- -
- -
169,399
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
150.23
2026
- -
- -
- -
- -
196.72
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
80.88
2026
- -
- -
- -
- -
85.7
2027
- -
- -
- -
- -
- -

Company Description

CEO
Mitsuhiro Takayanagi
Full Time Employees
1,491
Sector
Industrial services
Industry
Engineering & construction
Address
3-19-7 Aoi Nagoya AI Japan 461-0004
IPO Date
May 24, 1982
Business
Yahagi Construction Co., Ltd. (1870.T) engages primarily in general construction business encompassing architectural works, civil engineering projects, and real estate development in Japan, with a focus on the Tokai area and expansion into the maglev economic zone; core products and services include planning, surveying, design, supervision, execution, and consulting for civil engineering and architecture such as condominiums, logistics centers, commercial facilities, office buildings, hotels, warehouses, factories, roadways, railroads, port and waterway facilities, tunnels, seismic retrofitting via proprietary PITA Column and PAN WALL methods, aseismic reinforcement, slope protection, land readjustment, public facilities like educational and cultural buildings, maintenance and management of structures, seismic resistance diagnosis, environmental pollutant inspection and removal, real estate sales, purchase, leasing, brokerage, investment management, and ancillary operations. Founded on May 14, 1949 and headquartered at 3-19-7 Aoi, Higashi-ku, Nagoya, Aichi, the company operates offices in Tokyo, Osaka, Tohoku (Sendai), Hiroshima, and Kyushu (Fukuoka), serving major clients including Nagoya Railroad Co., Ltd., Ministry of Land, Infrastructure, Transport and Tourism, and private firms like SENKO Co., Ltd., Nomura Real Estate Development, and GLP Japan; subsidiaries comprise YAHAGI REAL ESTATE Co., Ltd., Techno Support Co., Ltd., HOKUWA CONSTRUCTION, INC., YAHAGI BUILDING AND LIFE CO., LTD., YAHAGI ROAD CO., LTD., and others focused on specialized engineering, greenery, paving, and golf course management. Recent developments feature record-high net sales of ¥140.7 billion and orders received carried forward of ¥164.0 billion for the fiscal year ended March 31, 2025, driven by progress in large logistics facilities and civil engineering like the Taketoyo Kita Interchange; strategic acquisition of HOKUWA CONSTRUCTION, INC. in March 2023 to expand into the Kansai region and enhance synergies; ongoing Obu Tokai Development Project with sales of industrial lots generating significant revenue through FY2025; completion of key projects including SWING MALL, Shinkomaki-kita PD Center No. 2, and VENT VERT Arimatsu condominium; shift to a new shareholder return policy introducing dividend on equity ratio (DOE) target of 5% or more with progressive dividends from FY2026 alongside ¥90 annual dividend forecast; and medium-term management plan (FY2021-FY2025) surpassing targets with FY2026 forecasts of ¥168.0 billion net sales and ¥10.0 billion operating profit, backed by over ¥35 billion in growth investments exceeding the ¥30 billion plan, emphasizing real estate, R&D, human capital, IT, and M&A for sustainable expansion.