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Japanese (NIKKEI) Construction Industry Analysis

UpdatedMay 24, 2026
DataAggregated Company Financials
Companies150
  • 7D-7.0%
  • 3M-17.7%
  • 1Y55.4%
  • YTD-1.4%

Over the last 7 days, the Construction industry has dropped 7.0%, driven by pullbacks in Obayashi and Taisei of 10% and 9.0%, respectively. On the other hand Taikisha is actually up 13%. Over the past 12 months, the industry was up 55%. Looking forward, earnings are forecast to grow by 4.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 May 2026JP¥23.4tJP¥28.8tJP¥1.8t11.1x12.9x0.8x
Tue, 21 Apr 2026JP¥25.2tJP¥28.5tJP¥1.7t12.3x14.9x0.9x
Thu, 19 Mar 2026JP¥26.8tJP¥28.6tJP¥1.7t13.4x15.9x0.9x
Sat, 14 Feb 2026JP¥28.4tJP¥28.8tJP¥1.7t13.7x16.7x1x
Mon, 12 Jan 2026JP¥25.0tJP¥28.4tJP¥1.5t13.1x16.4x0.9x
Wed, 10 Dec 2025JP¥23.2tJP¥28.6tJP¥1.5t12.6x15.1x0.8x
Fri, 07 Nov 2025JP¥21.2tJP¥28.3tJP¥1.4t12.4x15.2x0.7x
Sun, 05 Oct 2025JP¥18.6tJP¥28.3tJP¥1.3t12x13.9x0.7x
Tue, 02 Sep 2025JP¥19.2tJP¥28.7tJP¥1.3t12.3x14.4x0.7x
Thu, 31 Jul 2025JP¥17.2tJP¥28.5tJP¥1.3t11.9x13.3x0.6x
Sat, 28 Jun 2025JP¥16.2tJP¥28.5tJP¥1.3t11.2x12.6x0.6x
Mon, 26 May 2025JP¥15.8tJP¥28.6tJP¥1.3t11x12.3x0.6x
Wed, 23 Apr 2025JP¥14.9tJP¥27.9tJP¥1.1t10.9x13.1x0.5x
Fri, 21 Mar 2025JP¥15.0tJP¥27.9tJP¥1.1t11.2x13.2x0.5x
Sun, 16 Feb 2025JP¥14.8tJP¥27.9tJP¥1.1t11.5x13.1x0.5x
Tue, 14 Jan 2025JP¥14.2tJP¥27.5tJP¥948.1b11.6x14.9x0.5x
Thu, 12 Dec 2024JP¥14.2tJP¥27.6tJP¥950.6b11.8x14.9x0.5x
Sat, 09 Nov 2024JP¥14.0tJP¥27.4tJP¥952.4b11.3x14.7x0.5x
Mon, 07 Oct 2024JP¥13.8tJP¥27.3tJP¥932.4b11.3x14.8x0.5x
Wed, 04 Sep 2024JP¥14.0tJP¥27.3tJP¥927.9b11.9x15x0.5x
Fri, 02 Aug 2024JP¥13.8tJP¥26.9tJP¥871.8b12.1x15.8x0.5x
Sun, 30 Jun 2024JP¥13.8tJP¥26.9tJP¥885.2b12.3x15.6x0.5x
Tue, 28 May 2024JP¥13.6tJP¥26.9tJP¥908.9b11.9x14.9x0.5x
Thu, 25 Apr 2024JP¥13.9tJP¥26.5tJP¥838.6b13.3x16.6x0.5x
Sat, 23 Mar 2024JP¥14.4tJP¥26.5tJP¥841.6b13.5x17.1x0.5x
Mon, 19 Feb 2024JP¥12.8tJP¥26.5tJP¥843.0b12.5x15.1x0.5x
Wed, 17 Jan 2024JP¥12.8tJP¥25.8tJP¥857.5b12.5x14.9x0.5x
Fri, 15 Dec 2023JP¥12.0tJP¥25.8tJP¥862.7b11.6x13.9x0.5x
Sun, 12 Nov 2023JP¥12.2tJP¥25.6tJP¥853.2b12x14.3x0.5x
Tue, 10 Oct 2023JP¥12.0tJP¥25.1tJP¥844.3b12x14.2x0.5x
Thu, 07 Sep 2023JP¥12.3tJP¥25.1tJP¥845.2b12.3x14.6x0.5x
Sat, 05 Aug 2023JP¥11.6tJP¥24.6tJP¥854.4b11.8x13.6x0.5x
Mon, 03 Jul 2023JP¥11.3tJP¥24.3tJP¥833.7b11.7x13.6x0.5x
Wed, 31 May 2023JP¥10.7tJP¥24.3tJP¥833.6b11x12.9x0.4x
Price to Earnings Ratio

12.9x


Total Market Cap: JP¥10.7tTotal Earnings: JP¥833.6bTotal Revenue: JP¥24.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Construction Industry Price to Earnings3Y Average 14.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.9x which is lower than its 3-year average PE of 14.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
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 Market1.18%
Industrials-2.31%
Construction-6.99%
Construction and Engineering-6.99%
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?

CompanyLast Price7D1YValuation
1979 TaikishaJP¥4.23k13.3%
+JP¥29.4b		78.2%PE16.1x
5074 Tess HoldingsLtdJP¥1.19k49.4%
+JP¥27.8b		297.0%PE98.7x
1948 KodenshaJP¥7.51k20.4%
+JP¥11.1b		249.3%PE23.2x
1963 JGC HoldingsJP¥2.73k0.8%
+JP¥5.1b		137.3%PE15.8x
6330 Toyo EngineeringJP¥2.18k3.6%
+JP¥3.8b		236.7%PS0.6x

Latest News

1961
JP¥2,189.00
Sanki Engineering
7D
-15.0%
1Y
74.2%
Analysis Article • 21h

We Think You Should Be Aware Of Some Concerning Factors In Sanki Engineering's (TSE:1961) Earnings

The market shrugged off Sanki Engineering Co., Ltd.'s ( TSE:1961 ) solid earnings report. Our analysis showed that...
1803
JP¥2,548.00
Shimizu
7D
-8.4%
1Y
60.7%
Analysis Article • 21h

Shimizu's (TSE:1803) Solid Profits Have Weak Fundamentals

Investors were disappointed with Shimizu Corporation's ( TSE:1803 ) earnings, despite the strong profit numbers. Our...
1801
JP¥13,375.00
Taisei
7D
-9.0%
1Y
65.7%
Analysis Article • 21h

We Think That There Are Some Issues For Taisei (TSE:1801) Beyond Its Promising Earnings

The stock price didn't jump after Taisei Corporation ( TSE:1801 ) posted decent earnings last week. We think that...
1904
JP¥5,190.00
Taisei Oncho
7D
4.3%
1Y
35.7%
Analysis Article • May 22

Taisei Oncho's (TSE:1904) Earnings Offer More Than Meets The Eye

The market seemed underwhelmed by the solid earnings posted by Taisei Oncho Co., Ltd. ( TSE:1904 ) recently. We have...
1948
JP¥7,510.00
Kodensha
7D
20.4%
1Y
249.3%
1963
JP¥2,731.50
JGC Holdings
7D
0.8%
1Y
137.3%
Analysis Article • May 21

We Think JGC Holdings' (TSE:1963) Healthy Earnings Might Be Conservative

Investors signalled that they were pleased with JGC Holdings Corporation's ( TSE:1963 ) most recent earnings report...
1944
JP¥6,798.00
Kinden
7D
-8.8%
1Y
79.7%
1802
JP¥3,194.00
Obayashi
7D
-10.2%
1Y
46.1%
Analysis Article • May 20

Obayashi's (TSE:1802) Shareholders May Want To Dig Deeper Than Statutory Profit

The stock price didn't jump after Obayashi Corporation ( TSE:1802 ) posted decent earnings last week. We did some...
5074
JP¥1,191.00
Tess HoldingsLtd
7D
49.4%
1Y
297.0%
1942
JP¥5,966.00
KandenkoLtd
7D
-12.8%
1Y
104.6%
1979
JP¥4,230.00
Taikisha
7D
13.3%
1Y
78.2%
1893
JP¥1,695.00
Penta-Ocean Construction
7D
-12.8%
1Y
94.4%
6330
JP¥2,175.00
Toyo Engineering
7D
3.6%
1Y
236.7%
1812
JP¥5,469.00
Kajima
7D
-6.4%
1Y
52.2%
Analysis Article • May 17

The Kajima Corporation (TSE:1812) Annual Results Are Out And Analysts Have Published New Forecasts

Shareholders might have noticed that Kajima Corporation ( TSE:1812 ) filed its full-year result this time last week...
1879
JP¥2,280.00
Shinnihon
7D
1.1%
1Y
39.7%
9632
JP¥3,615.00
Subaru Enterprise
7D
3.1%
1Y
14.8%