Makoto Construction Co Ltd

Makoto Construction Co, Ltd. is mainly engaged in the detached house selling and real estate brokerage businesses. The Company operates in two business segments. The Detached House Selling segment is involved in the plan, design, construction and sale of built-for-sale houses and custom-built houses. The segment is also involved in the information collection about building sites, the planning of business interest scheme, the planning of land use, the planning and design of buildings, the purchase of land, the land development application business, the designing business, the purchase of materials, the outsourcing of construction works, the management of construction work, as well as maintenance and repair works. The Real Estate Brokerage segment is involved in the house selling brokerage business.

• Mortgage rate / 30y fixed (leading (-))
• Housing starts / permits (leading)
• Buyer foot traffic / order trends (leading)
• Backlog months (coincident)
• Home-price-to-income ratios by metro (trend)

• Lumber tariffs (Canada/US softwood) · exposure: medium
• Immigration policy → labor supply · exposure: medium-high
• Local zoning + permit reform · exposure: high regional variance

• Closings per quarter / backlog — core volume
• ASP (avg selling price) — mix shift indicator
• Gross margin — 22-28% healthy
• Cancellation rate — 8-12% normal; >18% red flag
• Months of inventory — 4-6 healthy

Detailed financial analysis, valuation snapshot, multi-period history, and AI narrative are pending — generated when this company is included in the next analysis batch. Profile data above is point-in-time as of 2026-04-30.