1446.T
The company operates in the construction and engineering industry, providing industrial and commercial services, and generates revenue primarily through project-based contracts and service delivery.
Business. The company operates in the construction and engineering industry, providing industrial and commercial services, and generates revenue primarily through project-based contracts and service delivery.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the construction and engineering industry, providing industrial and commercial services, and generates revenue primarily through project-based contracts and service delivery.
The company maintains a relatively strong liquidity position, with cash and equivalents amounting to ¥1.63 billion, representing 25.97% of total assets. The liquidity FPT (free cash flow to total liabilities) is 0.11, indicating a moderate ability to service liabilities from operating cash flows. The current ratio of 1.29 suggests the company can cover its short-term obligations with its current assets, though it is slightly below the industry median of 1.45.
Profitability metrics show a return on equity (ROE) of 6.63%, which is below the industry median of 8.2%. The return on assets (ROA) of 3.13% is also below the median of 4.5%, indicating that the company is underperforming in asset utilization and capital efficiency compared to its peers. The net profit margin of 1.42% is in line with the industry median of 1.4%, suggesting that the company is maintaining pricing power and cost control at a competitive level.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segment-specific revenue data limits the ability to assess the company's strategic positioning and risk profile in detail.
Looking ahead, the company is projected to experience a 2.3% year-over-year revenue growth in the current fiscal year, with a 1.8% growth expected in the following year. This growth trajectory is slightly below the industry median of 3.1% for the current year and 2.7% for the next year. The company's capital expenditure of ¥59.7 million is modest, suggesting a conservative approach to reinvestment and expansion.
The company's risk profile is characterized by low liquidity and dilution risk, with no immediate filing-based flags detected. The debt-to-equity ratio of 0.41 is below the industry median of 0.55, indicating a conservative capital structure. However, the company has a low dilution potential, with basic and diluted shares outstanding being equal, suggesting no imminent threat of equity dilution.
Recent events include the filing of the latest financial report, which disclosed the company's revenue and earnings figures. No significant regulatory or operational events were reported in the latest filings or transcripts. The company's earnings per share (EPS) of ¥21.23 is in line with analyst estimates, indicating stable performance.
- The company has a conservative capital structure with a debt-to-equity ratio of 0.41, below the industry median.
- The company's ROE of 6.63% is below the industry median, indicating lower capital efficiency.
- The company's revenue is concentrated in a single segment, increasing exposure to regional and sector-specific risks.
- The company is projected to grow revenue by 2.3% in the current fiscal year, slightly below the industry median.
- The company has low liquidity and dilution risk, with no immediate filing-based flags detected.
Bull / Bear case
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 1446.T Market data — financials · 2026-05-26
- Candeal Co Ltd Market data — analyst estimates · 2026-05-26