1860.T

The company maintains a conservative capital structure with a debt-to-equity ratio of 0.59 and a current ratio of 1.36, indicating adequate short-term liquidity coverage. Total assets stand at JPY 998.4 billion, supported by JPY 390.8 billion in total equity and JPY 607.6 billion in total liabilities. Long-term debt comprises JPY 230.9 billion, while cash and equivalents total JPY 66.7 billion, resulting in a net cash position that is negative after subtracting total debt. The firm generates JPY 62.5 billion in operating cash flow, which supports JPY 29.2 billion in capital expenditures, yielding a free cash flow of JPY 8.7 billion.

Profitability metrics show a return on equity of 9.46% and a return on assets of 3.7%, reflecting moderate efficiency in asset utilization. The company reports a net income of JPY 37.0 billion on revenues of JPY 645.7 billion, implying a net margin of approximately 5.7%. Operating income is JPY 35.0 billion, suggesting tight control over operating expenses relative to gross profit of JPY 92.2 billion. Without cohort median data for direct comparison, these returns appear stable but lack context for industry-relative performance.

This is the first analysis for Run Long Construction Co Ltd (1860.T), meaning there is no prior basis for computing material changes in the company's profile. Consequently, the current snapshot serves as the initial baseline for tracking the firm's operational and financial developments. The most notable recent activity involves the addition of three wind power assets to the company's portfolio. These additions highlight a strategic focus on renewable energy infrastructure across different stages of development and geographic regions. Specifically, the company announced the Toda Energia 2 wind farm in Brazil, a 94.4 MW power asset. Additionally, a 17.0 MW offshore floating wind farm in Goto City, Japan, associated with Chubu Electric Power, is currently under construction. These projects represent significant capacity additions in both South America and Asia. Furthermore, a 27.7 MW wind farm in Brazil, simply named Toda wind farm, is now listed as operating. This mix of announced, under-construction, and operating assets underscores the company's active engagement in the global wind energy sector, supported by coverage from four analysts.