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Stock Analysis & ValuationAkatsuki Eazima Co., Ltd. (1997.T)

Professional Stock Screener
Previous Close
¥4,170.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)39632.01850
Intrinsic value (DCF)15774.25278
Graham-Dodd Method3909.12-6
Graham Formula10948.15163

Strategic Investment Analysis

Company Overview

Akatsuki Eazima Co., Ltd. (1997.T) is a Japan-based company specializing in energy conservation and building renewal services. Founded in 1952 and headquartered in Mito, Japan, the company operates in the Engineering & Construction sector, focusing on comprehensive building diagnostics, renewal work, and maintenance of building equipment. Its services include the survey, design, and construction of renewal projects, as well as inspection and maintenance of cooling, refrigeration, and water supply systems. With a strong emphasis on energy efficiency, Akatsuki Eazima plays a vital role in Japan's push toward sustainable infrastructure. The company's expertise in building equipment maintenance and civil engineering projects positions it as a key player in Japan's industrial and urban development sectors. Its financial stability, reflected in a market cap of approximately ¥4.92 billion, underscores its established presence in the industry.

Investment Summary

Akatsuki Eazima presents a stable investment opportunity with a low beta (0.341), indicating lower volatility compared to the broader market. The company reported solid financials for FY 2024, with revenue of ¥8.83 billion and net income of ¥559.3 million, translating to a diluted EPS of ¥275.74. Its strong operating cash flow (¥1.56 billion) and minimal capital expenditures (-¥10.2 million) suggest efficient operations. Additionally, the company maintains a healthy cash position (¥5.04 billion) with relatively low total debt (¥620.7 million). The dividend yield, at ¥75 per share, may appeal to income-focused investors. However, growth prospects may be limited by Japan's mature construction market and demographic challenges. Investors should weigh the company's stability against potential sector-wide stagnation.

Competitive Analysis

Akatsuki Eazima Co., Ltd. operates in a niche segment of Japan's Engineering & Construction industry, focusing on energy conservation and building renewal. Its competitive advantage lies in its specialized expertise in building diagnostics and equipment maintenance, which differentiates it from general contractors. The company benefits from Japan's aging infrastructure and regulatory push toward energy efficiency, creating steady demand for its services. However, its regional focus (primarily Japan) limits diversification compared to global competitors. The firm's financial health—strong cash reserves and low debt—provides resilience but may also indicate conservative growth strategies. While its technical proficiency in building systems is a strength, competition from larger construction firms with broader service offerings could pressure margins. The company's ability to maintain profitability in a low-growth domestic market will depend on operational efficiency and potential expansion into adjacent services like smart building technologies.

Major Competitors

  • Kajima Corporation (1812.T): Kajima is one of Japan's largest construction firms with a diversified portfolio, including civil engineering and real estate development. Its scale and resources give it an advantage in large-scale projects, but it lacks Akatsuki Eazima's specialized focus on energy-efficient building renewal. Kajima's international presence provides growth opportunities outside Japan, though it faces higher operational complexity.
  • Penta-Ocean Construction Co., Ltd. (1893.T): Penta-Ocean specializes in marine and civil engineering but also competes in building construction. Its strength lies in large infrastructure projects, whereas Akatsuki Eazima targets smaller-scale, energy-focused renewal work. Penta-Ocean's broader project base offers stability but may lack the technical depth in building diagnostics that Akatsuki Eazima provides.
  • JGC Holdings Corporation (1963.T): JGC Holdings focuses on engineering and construction for energy and industrial facilities. While it operates globally, its expertise in energy aligns partially with Akatsuki Eazima's conservation focus. However, JGC's larger-scale projects differ from Akatsuki Eazima's building-centric services, making direct competition limited.
  • Comsys Holdings Corporation (1721.T): Comsys provides electrical and mechanical construction services, overlapping with Akatsuki Eazima's building equipment maintenance segment. Its stronger presence in electrical systems could pose competition, but Akatsuki Eazima's integrated renewal services offer a distinct value proposition. Comsys benefits from Japan's demand for infrastructure upgrades but faces similar domestic market constraints.
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