Kinden Corporation logo

Kinden Corporation

1944.T

JPXIndustrialsEngineering & Construction

Latest quote

¥6,820

+¥134 · +2.00%

Aug 24, 3:30 PM JST

1944.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Kinden Corporation is a leading integrated engineering firm based in Japan, specializing in electrical and facility solutions. The company offers a complete range of services, from planning and design to development, construction, and ongoing maintenance across various infrastructure projects. Its electrical engineering expertise covers a wide array of power systems. This includes renewable energy installations like solar and wind farms, electrical infrastructure for water treatment and incineration plants, and cogeneration systems. Kinden also handles vital power supply components such as high-voltage reception and transformer systems, main feeders, control panels, CVCF and UPS units, emergency and regular power generators, and DC power supply systems, along with residential electrical equipment. Furthermore, the company constructs and maintains power stations, substations, and both overhead and underground power transmission and distribution lines. Additional electrical services comprise overhead and underground utility connections, power distribution automation, watt-hour metering, and shared trench cable works. Beyond electrical services, Kinden specializes in building and industrial automation. It provides advanced solutions for building automation, energy management, process and factory automation, and comprehensive facility monitoring and control. The company also designs and supplies measurement and analysis equipment. In the realm of information and communication technology (ICT), Kinden offers design, installation, and maintenance for networks (Internet, Intranet, LAN), telephony, video transmission and display systems, information processing facilities, security solutions, and wide-area communication equipment. Their facility engineering capabilities extend to environmental control systems, encompassing air conditioning, air purification, ventilation, and supply/wastewater sanitation. This includes advanced thermal solutions like exhaust heat recovery, radiant air-conditioning, ground thermal energy, and thermal storage air-conditioning systems, in addition to waste and emission treatment systems, clean room facilities, and interior system products. The company also engages in civil engineering and landscaping infrastructure development. Kinden provides diagnostic services for electrical, air conditioning, and sanitation equipment. It is also actively involved in developing, constructing, and maintaining optimized wind turbine and photovoltaic power generation systems. Kinden Corporation was established in 1944 and maintains its headquarters in Osaka, Japan.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Takao Uesaka
Listed since
Jan 4, 2001
Employees
15,440

Market position

Day range

Current ¥6,820

52-week range

Current ¥6,820

Open
¥6,590
Previous close
¥6,686
Volume
612.8K
0.71× average
Average volume
860.87K
Average daily volume
Market cap
1.12T JPY
Beta
0.48
Market reference 1
50-day average
¥7,440.46
-8.34% below average
200-day average
¥7,267.01
-6.15% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.33T JPY
P/E (TTM)
17.91×
P/B (TTM)
2.99×
P/S (TTM)
1.45×
EV / EBITDA
12.26×
Earnings yield
5.03%
Free cash flow yield
2.47%
Dividend yield
1.91%

Profitability & efficiency

Gross margin
24.09%
Operating margin
12.52%
Net margin
9.72%
Return on equity
10.50%
Return on assets
7.60%
Return on invested capital
9.01%

Financial health

Debt / equity
0.57×
Current ratio
2.27×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends25%18%10%3%Gross margin, FY2021: 17.14%Gross margin, FY2022: 16.26%Gross margin, FY2023: 16.44%Gross margin, FY2024: 18.84%Gross margin, FY2025: 23.56%Operating margin, FY2021: 6.54%Operating margin, FY2022: 6.14%Operating margin, FY2023: 6.52%Operating margin, FY2024: 8.65%Operating margin, FY2025: 12.02%Net margin, FY2021: 4.65%Net margin, FY2022: 4.72%Net margin, FY2023: 5.13%Net margin, FY2024: 6.70%Net margin, FY2025: 9.25%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 17.14%. Gross margin FY2022 16.26%. Gross margin FY2023 16.44%. Gross margin FY2024 18.84%. Gross margin FY2025 23.56%. Operating margin FY2021 6.54%. Operating margin FY2022 6.14%. Operating margin FY2023 6.52%. Operating margin FY2024 8.65%. Operating margin FY2025 12.02%. Net margin FY2021 4.65%. Net margin FY2022 4.72%. Net margin FY2023 5.13%. Net margin FY2024 6.70%. Net margin FY2025 9.25%.

Income trends

Revenue

750.74B JPY+6.48%

Operating income

90.26B JPY+48.01%

Net income

69.45B JPY+46.98%
Income trends across reported periods823.18B JPY533.43B JPY243.68B JPY−46.07B JPYRevenue, FY2021: 566.79B JPYRevenue, FY2022: 609.13B JPYRevenue, FY2023: 654.52B JPYRevenue, FY2024: 705.06B JPYRevenue, FY2025: 750.74B JPYOperating income, FY2021: 37.09B JPYOperating income, FY2022: 37.43B JPYOperating income, FY2023: 42.68B JPYOperating income, FY2024: 60.98B JPYOperating income, FY2025: 90.26B JPYNet income, FY2021: 26.37B JPYNet income, FY2022: 28.72B JPYNet income, FY2023: 33.55B JPYNet income, FY2024: 47.25B JPYNet income, FY2025: 69.45B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 566.79B JPY. Revenue FY2022 609.13B JPY. Revenue FY2023 654.52B JPY. Revenue FY2024 705.06B JPY. Revenue FY2025 750.74B JPY. Operating income FY2021 37.09B JPY. Operating income FY2022 37.43B JPY. Operating income FY2023 42.68B JPY. Operating income FY2024 60.98B JPY. Operating income FY2025 90.26B JPY. Net income FY2021 26.37B JPY. Net income FY2022 28.72B JPY. Net income FY2023 33.55B JPY. Net income FY2024 47.25B JPY. Net income FY2025 69.45B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue750.74B JPY705.06B JPY654.52B JPY609.13B JPY566.79B JPY
Cost of goods sold573.83B JPY572.26B JPY546.94B JPY510.11B JPY469.65B JPY
Gross profit176.91B JPY132.8B JPY107.58B JPY99.03B JPY97.15B JPY
Research and development705M JPY649M JPY671M JPY651M JPY
Selling, general, and administrative86.65B JPY71.12B JPY64.25B JPY60.92B JPY59.41B JPY
Operating expenses86.65B JPY71.82B JPY64.9B JPY61.6B JPY60.06B JPY
Interest income1.28B JPY962M JPY394M JPY231M JPY187M JPY
Interest expense241M JPY234M JPY135M JPY162M JPY158M JPY
Depreciation and amortization10.65B JPY7.11B JPY6.73B JPY6.8B JPY6.68B JPY
Operating income90.26B JPY60.98B JPY42.68B JPY37.43B JPY37.09B JPY
Net income69.45B JPY47.25B JPY33.55B JPY28.72B JPY26.37B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
52.18

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates157.4111.1764.9418.71Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 37.82, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 73.05, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 25, 2025: actual 114.29, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 22.01, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 28, 2025: actual 92.05, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 89.1, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 27, 2026: actual 147.37, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 29, 2026: actual 52.18, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates265.96B220.51B175.05B129.6BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 166.55B JPY, estimate 164.36B JPY, surprise +1.33%, Beat. Q2 2025, reported Apr 25, 2025: actual 240.47B JPY, estimate 226.42B JPY, surprise +6.21%, Beat. Q3 2025, reported Jul 31, 2025: actual 141.41B JPY, estimate 139.83B JPY, surprise +1.13%, Beat. Q4 2025, reported Oct 28, 2025: actual 179.97B JPY, estimate 171.36B JPY, surprise +5.02%, Beat. Q1 2026, reported Jan 29, 2026: actual 177.89B JPY, estimate 172.58B JPY, surprise +3.07%, Beat. Q2 2026, reported Apr 27, 2026: actual 247.73B JPY, estimate 255.73B JPY, surprise -3.13%, Miss. Q3 2026, reported Jul 29, 2026: actual 162.37B JPY, estimate 162.5B JPY, surprise -0.08%, Miss. Q4 2026, reported Nov 2, 2026: actual —, estimate 195.07B JPY, surprise —, Comparison unavailable.

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