1905.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 strong liquidity position, with cash and equivalents amounting to ¥10,230,351,000, which is significantly higher than its total liabilities of ¥8,081,319,000. The current ratio of 2.43 indicates a solid ability to meet short-term obligations. The price-to-book ratio of 0.77 suggests that the company is trading at a discount relative to its book value, which may reflect market skepticism or undervaluation.
Profitability metrics show a return on equity (ROE) of 5.77% and a return on assets (ROA) of 3.56%, both of which are below the industry median for construction and engineering firms. The operating margin is 4.5%, and the net margin is 3.16%, indicating that the company is generating modest returns relative to its revenue. The debt-to-equity ratio of 0.01 suggests a conservative capital structure with minimal leverage.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification may expose the company to regional economic fluctuations and regulatory changes. The absence of segment-specific data limits the ability to assess the performance of individual business lines.
The company's growth trajectory appears to be stable, with revenue of ¥23,717,112,000 in the latest reporting period. However, the free cash flow of ¥141,918,000 is relatively low, which may constrain the company's ability to reinvest in growth opportunities. The capital expenditure of -¥884,660,000 indicates a reduction in investment, which could signal a strategic shift or financial prudence.
The risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's low debt levels and strong cash reserves reduce the likelihood of financial distress. However, the low ROE and ROA suggest that the company may need to improve its asset utilization and operational efficiency to enhance shareholder returns.
Recent events, including the latest financial filing and analyst estimates, show that the company's actual revenue and EPS align with market expectations. The absence of significant deviations from analyst forecasts suggests a stable and predictable business model. No recent transcripts or filings indicate major strategic changes or operational disruptions.
- The company has a strong liquidity position with a current ratio of 2.43 and significant cash reserves.
- Profitability metrics are below industry medians, with a ROE of 5.77% and ROA of 3.56%.
- The company's revenue is concentrated in a single segment, with no geographic diversification disclosed.
- Free cash flow is limited, which may constrain growth opportunities.
- The company maintains a conservative capital structure with minimal leverage.
- No immediate liquidity or dilution risks were detected in the latest filings.
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- 1905.T Market data — financials · 2026-05-26
- Tenox Corp Market data — analyst estimates · 2026-05-26