| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 7117.43 | 7 |
| Intrinsic value (DCF) | 286582.93 | 4216 |
| Graham-Dodd Method | 9893.87 | 49 |
| Graham Formula | 17787.18 | 168 |
Moriya Corporation (1798.T) is a well-established Japanese general construction company specializing in urban and regional development projects. Founded in 1916 and headquartered in Nagano, Japan, the company has over a century of experience in the engineering and construction sector. Operating primarily in Japan, Moriya Corporation focuses on infrastructure development, contributing to the modernization and sustainability of urban and regional landscapes. The company's expertise spans various construction segments, making it a key player in Japan's industrials sector. With a market capitalization of approximately ¥8.39 billion, Moriya Corporation maintains a stable financial position, supported by its long-standing reputation and regional expertise. The company's commitment to quality and innovation positions it as a reliable partner for large-scale development projects in Japan.
Moriya Corporation presents a stable investment opportunity within Japan's construction sector, supported by its long history and regional expertise. The company's low beta of 0.229 indicates lower volatility compared to the broader market, appealing to risk-averse investors. However, the negative operating cash flow of -¥1.93 billion raises concerns about short-term liquidity, despite a solid net income of ¥1.61 billion. The company's modest dividend yield (¥10 per share) and conservative leverage (total debt of ¥800 million against cash reserves of ¥6.75 billion) suggest financial prudence. Investors should weigh the company's established market position against potential challenges in cash flow management and Japan's competitive construction landscape.
Moriya Corporation operates in Japan's highly competitive engineering and construction sector, where regional expertise and long-term client relationships are critical. The company's century-long presence provides a competitive edge in securing local contracts, particularly in Nagano and surrounding regions. However, its relatively small market cap (¥8.39 billion) limits its ability to compete with larger national and international construction firms for mega-projects. Moriya's focus on urban and regional development differentiates it from general contractors with broader industrial or residential focuses. The company's financial stability (low debt and substantial cash reserves) allows it to weather economic downturns better than highly leveraged competitors. Yet, its negative operating cash flow suggests inefficiencies in working capital management, which could hinder growth if not addressed. Moriya's competitive positioning relies on its regional reputation, but it faces pressure from larger firms with greater resources and technological capabilities.