Japanese (NIKKEI) Construction Industry Analysis

Industry Valuation and Performance

Has the Japanese Construction Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 08 Jul 2026	JP¥25.2t	JP¥28.8t	JP¥1.8t	11.7x	13.9x	0.9x
Fri, 05 Jun 2026	JP¥23.0t	JP¥28.8t	JP¥1.8t	10.9x	12.7x	0.8x
Sun, 03 May 2026	JP¥25.8t	JP¥28.6t	JP¥1.7t	12.4x	15.1x	0.9x
Tue, 31 Mar 2026	JP¥25.0t	JP¥28.5t	JP¥1.7t	12.6x	14.9x	0.9x
Thu, 26 Feb 2026	JP¥29.0t	JP¥28.8t	JP¥1.7t	13.9x	17x	1x
Sat, 24 Jan 2026	JP¥26.0t	JP¥28.4t	JP¥1.5t	13.6x	17.1x	0.9x
Mon, 22 Dec 2025	JP¥23.6t	JP¥28.4t	JP¥1.5t	12.7x	15.5x	0.8x
Wed, 19 Nov 2025	JP¥21.3t	JP¥28.5t	JP¥1.5t	11.5x	13.9x	0.7x
Fri, 17 Oct 2025	JP¥19.4t	JP¥28.3t	JP¥1.3t	12.3x	14.5x	0.7x
Sun, 14 Sep 2025	JP¥19.6t	JP¥28.7t	JP¥1.3t	12.7x	14.7x	0.7x
Tue, 12 Aug 2025	JP¥18.6t	JP¥28.7t	JP¥1.3t	12.1x	13.9x	0.6x
Thu, 10 Jul 2025	JP¥16.8t	JP¥28.5t	JP¥1.3t	11.5x	13x	0.6x
Sat, 07 Jun 2025	JP¥16.1t	JP¥28.6t	JP¥1.3t	10.8x	12.4x	0.6x
Mon, 05 May 2025	JP¥15.5t	JP¥28.0t	JP¥1.1t	11.1x	13.5x	0.6x
Wed, 02 Apr 2025	JP¥14.5t	JP¥27.9t	JP¥1.1t	11x	12.7x	0.5x
Fri, 28 Feb 2025	JP¥14.5t	JP¥27.9t	JP¥1.1t	10.8x	12.8x	0.5x
Sun, 26 Jan 2025	JP¥14.1t	JP¥27.6t	JP¥948.9b	11.6x	14.8x	0.5x
Tue, 24 Dec 2024	JP¥14.3t	JP¥27.6t	JP¥950.2b	11.5x	15.1x	0.5x
Thu, 21 Nov 2024	JP¥14.1t	JP¥27.5t	JP¥937.3b	11.1x	15.1x	0.5x
Sat, 19 Oct 2024	JP¥13.7t	JP¥27.4t	JP¥936.4b	11.4x	14.7x	0.5x
Mon, 16 Sep 2024	JP¥13.6t	JP¥27.2t	JP¥929.4b	11.6x	14.6x	0.5x
Wed, 14 Aug 2024	JP¥13.2t	JP¥27.3t	JP¥930.8b	11.5x	14.2x	0.5x
Fri, 12 Jul 2024	JP¥14.0t	JP¥26.9t	JP¥890.4b	12.3x	15.7x	0.5x
Sun, 09 Jun 2024	JP¥13.5t	JP¥26.9t	JP¥915.9b	12.2x	14.7x	0.5x
Tue, 07 May 2024	JP¥14.0t	JP¥26.5t	JP¥855.7b	13x	16.3x	0.5x
Thu, 04 Apr 2024	JP¥13.6t	JP¥26.5t	JP¥839.9b	13.3x	16.2x	0.5x
Sat, 02 Mar 2024	JP¥13.1t	JP¥26.5t	JP¥841.9b	12.8x	15.5x	0.5x
Mon, 29 Jan 2024	JP¥12.7t	JP¥25.8t	JP¥857.7b	12.8x	14.8x	0.5x
Wed, 27 Dec 2023	JP¥11.8t	JP¥25.8t	JP¥862.1b	11.8x	13.7x	0.5x
Fri, 24 Nov 2023	JP¥12.0t	JP¥25.8t	JP¥862.3b	11.7x	14x	0.5x
Sun, 22 Oct 2023	JP¥11.9t	JP¥25.1t	JP¥843.1b	12x	14.1x	0.5x
Tue, 19 Sep 2023	JP¥12.7t	JP¥25.1t	JP¥844.3b	12.4x	15.1x	0.5x
Thu, 17 Aug 2023	JP¥11.7t	JP¥25.0t	JP¥844.3b	12x	13.9x	0.5x
Sat, 15 Jul 2023	JP¥11.1t	JP¥24.3t	JP¥831.7b	11.4x	13.4x	0.5x

Current Industry PE

Investors are relatively neutral on the Japanese Construction industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 14.6x.

The industry is trading close to its 3-year average PS ratio of 0.61x.

Past Earnings Growth

The earnings for companies in the Construction industry have grown 30% per year over the last three years.
Revenues for these companies have grown 5.8% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Industrials industry?


JP Market	1.05%
Industrials	2.61%
Construction	2.25%
Construction and Engineering	2.25%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
1801 Taisei	JP¥14.87k	4.4% +JP¥101.1b	73.5%	PE14.3x
1812 Kajima	JP¥6.09k	3.7% +JP¥80.1b	60.0%	PE15.9x
1802 Obayashi	JP¥3.37k	3.4% +JP¥77.0b	56.2%	PE13.3x
1803 Shimizu	JP¥2.64k	3.5% +JP¥60.8b	64.4%	PE14.2x
1944 Kinden	JP¥8.14k	2.5% +JP¥38.8b	84.4%	PE23.2x

Kinden Corporation (TSE:1944) completed the acquisition of 42.53% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥42.7 billion

Kinden Corporation (TSE:1944) agreed to acquire 48.64% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥48.9 billion on November 28, 2025. A cash consideration of ¥48.86 billion valued at ¥11501 per share will be paid by Kinden Corporation. As part of consideration, ¥48.86 billion is paid towards common equity of The Kodensha Co., Ltd. The Tender Offeror has set 1,336,800 shares representing 15.31% stake as the minimum number of shares to be purchased. After successful completion of the tender offer, procedures will be implemented without delay to make Mitsubishi Electric and KINDEN the only shareholders of Kodensha. The procedures include share consolidation of Kodensha. The transaction is subject to approval of merger agreement by target board and minimum tender. The Board of Directors of The Kodensha Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is July 6, 2026. Mizuho Securities Co., Ltd. acted as financial advisor for The Kodensha Co., Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for The Kodensha Co., Ltd. KPMG FAS Co., Ltd. acted as financial advisor for Kinden Corporation. TMI Associates acted as legal advisor for The Kodensha Co., Ltd. Oh-Ebashi LPC & Partners as the legal advisor independent of any of the Tender Offer-Related Parties respectively Kinden Corporation (TSE:1944) completed the acquisition of 42.53% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥42.7 billion on July 6, 2026. The number of shares tendered was 3,714,499 shares.

Japanese (NIKKEI) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Kinden Corporation (TSE:1944) completed the acquisition of 42.53% stake in The Kodensha Co., Ltd. (TSE:1948) from a group of shareholders for ¥42.7 billion

Price target increased by 7.7% to JP¥2,593

High number of new directors

High number of new directors

Kandenko Co.,Ltd. (TSE:1942) acquired an unknown stake in GCU Co., Ltd. from JAFCO BO7 Investment Limited Partnership and JAFCO SV7-S Investment Limited Partnership managed by JAFCO Group Co., Ltd. (TSE:8595).

Chiyoda Corporation to Report Q1, 2027 Results on Aug 03, 2026

Investor sentiment deteriorates as stock falls 23%

MIRAIT ONE Corporation to Report Q1, 2027 Results on Aug 07, 2026

Price target increased by 26% to JP¥4,540

Shimizu Corporation to Report Q1, 2027 Results on Jul 30, 2026

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 15%

Now 21% overvalued

Price target increased by 8.4% to JP¥2,870

Kajima Launches ¥40 Billion Buyback With Over 2 Million Shares Repurchased

Consensus EPS estimates increase by 11%