KK Kumagai Gumi

1861

Equity

ISIN JP3266800006 / Valor 762392

Tokyo Stock Exchange (2024-12-26)

JPY 3,920.00+0.51%

KK Kumagai Gumi
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About company

KK Kumagai Gumi is a diversified construction and real estate development company engaged in various sectors including biomass fuel development, urban renewal, and public-private partnerships. The company has developed black bark pellets, a high-quality biomass fuel, utilizing wood tree bark typically considered waste, to contribute to carbon neutrality. In urban development, Kumagai Gumi is involved in significant redevelopment projects, such as the area surrounding Iidabashi Station East Exit in Tokyo, and collaborates with Sumitomo Forestry Co., Ltd. for real estate ventures aimed at long-term profitability. The company also invests in prime properties in Japan and partners with local developers in Taiwan for housing redevelopment. Internationally, Kumagai Gumi has expanded its market presence, particularly in Taiwan, where its subsidiary has secured large-scale construction projects, enhancing its brand and business performance. Additionally, the company participates in PFI projects and manages infrastructure operations in Hong Kong, including the Eastern Harbour Crossing and Tate's Cairn Tunnel, focusing on efficiency and profitability.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

KK Kumagai Gumi reported consolidated net sales of 443.2 billion yen for FY2023, marking an increase from the previous year's 403.5 billion yen. This growth was driven by a rise in orders for multiple redevelopment projects and large-scale commercial facility projects in the Domestic Building Construction sector.

Operating Profit

The company achieved an operating profit of 12.6 billion yen in FY2023, up from 11.5 billion yen in FY2022. This improvement was attributed to better performance across its subsidiaries, despite a decline in the profit ratio on a non-consolidated basis due to rising construction costs.

Ordinary Profit

KK Kumagai Gumi's ordinary profit for FY2023 was 13.0 billion yen, an increase from 12.2 billion yen in FY2022. The slight increase in consolidated profit was influenced by the non-consolidated results, which were impacted by higher construction costs.

Profit Attributable to Owners

The profit attributable to owners of the parent company for FY2023 was 8.3 billion yen, up from 8.0 billion yen in FY2022. This increase was supported by the overall improvement in business performance at each subsidiary.

Dividend Announcement

KK Kumagai Gumi decided to pay dividends of 130 yen per share for FY2023. Additionally, the company acquired and canceled treasury stock worth 2.0 billion yen, contributing to a total payout ratio of 91.6% for the fiscal year.

Summarized from source with an LLMView Source

Key figures

13.0%1Y

38.4%3Y

19.1%5Y

Performance

28.3%1Y

22.6%3Y

24.6%5Y

Volatility