1768 Sonec
- Japan Guru
- May 1, 2025
- 1 min read
Updated: Jun 17, 2025
A mid-sized general contractor based in Hyogo Prefecture (Higashi Harima), focusing on private construction. A subsidiary company engages in the transportation of chemical products. Debt-free.
"The company is expected to have 20.1 billion yen in sales in fiscal 2026, but it has 19.5 billion yen in construction work carried over from the end of March 2025, so it is full. This is a sign of order selection and profitability improvement."
https://x.com/kiyohara_stock/status/1933156014289047876
mkt cap 6.8 bil yen (at share price of 904) vs net cash 7.0 bil
8.10x per / 0.73x pbr / 3.32% div
This co has lots of projects and is selective in which one to pursue for optimal profitability. For FY March 2025, although sales declined, profits improved significantly. Operating profit increased 164.2% due to an increase in the gross profit margin for completed construction projects