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Japanese (NIKKEI) Construction Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies150
  • 7D-2.9%
  • 3M-6.9%
  • 1Y50.8%
  • YTD1.7%

Over the last 7 days, the Construction industry has dropped 2.9%, driven by a pullback from Kajima of 6.0%. Meanwhile, INFRONEER Holdings actually outperformed within the industry, gaining 6.0% in the last week. In the past year, the industry has gained 51%. As for the next few years, earnings are expected to grow by 4.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026JP¥24.2tJP¥28.8tJP¥1.8t11.5x13.3x0.8x
Tue, 09 Jun 2026JP¥23.0tJP¥28.8tJP¥1.8t10.9x12.7x0.8x
Thu, 07 May 2026JP¥25.8tJP¥28.6tJP¥1.7t12.4x15.1x0.9x
Sat, 04 Apr 2026JP¥25.5tJP¥28.5tJP¥1.7t12.9x15.2x0.9x
Mon, 02 Mar 2026JP¥30.1tJP¥28.8tJP¥1.7t14.4x17.7x1x
Wed, 28 Jan 2026JP¥25.6tJP¥28.4tJP¥1.5t13.2x16.8x0.9x
Fri, 26 Dec 2025JP¥23.8tJP¥28.4tJP¥1.5t12.7x15.6x0.8x
Sun, 23 Nov 2025JP¥22.7tJP¥28.5tJP¥1.5t11.8x14.8x0.8x
Tue, 21 Oct 2025JP¥19.3tJP¥28.3tJP¥1.3t12.4x14.4x0.7x
Thu, 18 Sep 2025JP¥19.3tJP¥28.7tJP¥1.3t12.4x14.4x0.7x
Sat, 16 Aug 2025JP¥18.7tJP¥28.7tJP¥1.3t12.2x14x0.7x
Mon, 14 Jul 2025JP¥16.7tJP¥28.5tJP¥1.3t11.4x13x0.6x
Wed, 11 Jun 2025JP¥16.1tJP¥28.6tJP¥1.3t10.9x12.4x0.6x
Fri, 09 May 2025JP¥15.7tJP¥28.0tJP¥1.2t11.1x13.7x0.6x
Sun, 06 Apr 2025JP¥13.8tJP¥27.9tJP¥1.1t10.3x12.1x0.5x
Tue, 04 Mar 2025JP¥14.7tJP¥27.9tJP¥1.1t10.8x13x0.5x
Thu, 30 Jan 2025JP¥14.3tJP¥27.6tJP¥949.1b11.8x15x0.5x
Sat, 28 Dec 2024JP¥14.5tJP¥27.6tJP¥950.2b11.8x15.3x0.5x
Mon, 25 Nov 2024JP¥14.2tJP¥27.5tJP¥937.1b11.3x15.2x0.5x
Wed, 23 Oct 2024JP¥13.5tJP¥27.4tJP¥936.4b11x14.4x0.5x
Fri, 20 Sep 2024JP¥13.6tJP¥27.2tJP¥929.4b11.3x14.7x0.5x
Sun, 18 Aug 2024JP¥13.4tJP¥27.3tJP¥929.1b11.6x14.5x0.5x
Tue, 16 Jul 2024JP¥14.0tJP¥26.9tJP¥890.4b12.3x15.8x0.5x
Thu, 13 Jun 2024JP¥13.6tJP¥26.9tJP¥915.9b12.5x14.9x0.5x
Sat, 11 May 2024JP¥14.0tJP¥26.5tJP¥856.4b13.6x16.3x0.5x
Mon, 08 Apr 2024JP¥13.7tJP¥26.5tJP¥839.9b13.3x16.3x0.5x
Wed, 06 Mar 2024JP¥13.5tJP¥26.5tJP¥841.9b12.9x16x0.5x
Fri, 02 Feb 2024JP¥13.0tJP¥25.9tJP¥861.9b13.1x15.1x0.5x
Sun, 31 Dec 2023JP¥12.1tJP¥25.8tJP¥862.1b11.9x14x0.5x
Tue, 28 Nov 2023JP¥12.1tJP¥25.8tJP¥862.3b11.7x14x0.5x
Thu, 26 Oct 2023JP¥11.9tJP¥25.1tJP¥843.1b12.1x14.2x0.5x
Sat, 23 Sep 2023JP¥12.5tJP¥25.1tJP¥844.3b12.5x14.8x0.5x
Mon, 21 Aug 2023JP¥11.5tJP¥25.1tJP¥845.4b11.7x13.7x0.5x
Wed, 19 Jul 2023JP¥11.2tJP¥24.4tJP¥834.0b11.5x13.5x0.5x
Price to Earnings Ratio

13.5x


Total Market Cap: JP¥11.2tTotal Earnings: JP¥834.0bTotal Revenue: JP¥24.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Construction Industry Price to Earnings3Y Average 14.6x202420252026
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-0.89%
Industrials-1.21%
Construction-2.91%
Construction and Engineering-2.91%
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
5076 INFRONEER HoldingsJP¥2.84k6.0%
+JP¥40.6b		128.4%PE9.7x
1965 Techno RyowaJP¥6.28k6.3%
+JP¥7.6b		77.9%PE10.9x
1861 Kumagai GumiLtdJP¥1.48k2.7%
+JP¥6.6b		32.2%PE12.6x
6379 RAIZNEXTJP¥2.43k3.9%
+JP¥4.9b		32.1%PE12.6x
1820 Nishimatsu ConstructionJP¥5.37k2.2%
+JP¥4.5b		9.8%PE8.8x

Latest News

1965
JP¥6,280.00
Techno Ryowa
7D
6.3%
1Y
77.9%
Analysis Article • Jul 08

Is Now The Time To Put Techno Ryowa (TSE:1965) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
1944
JP¥7,634.00
Kinden
7D
-3.8%
1Y
73.0%
1963
JP¥2,335.50
JGC Holdings
7D
-6.3%
1Y
87.1%
Narrative Update • Jul 07

1963: Higher Dividend Proposal Will Support More Optimistic Long-Term Earnings Outlook

Analysts have raised their price target for JGC Holdings from ¥2,300 to ¥3,400, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What’s in the News for JGC Holdings The Board of Directors meeting on May 14, 2026 resolved to submit a proposal on cash dividends of surplus, with a record date of March 31, 2026, to the 130th Ordinary General Meeting of Shareholders scheduled for June 26, 2026.
5076
JP¥2,844.50
INFRONEER Holdings
7D
6.0%
1Y
128.4%
1822
JP¥820.00
Daiho
7D
6.1%
1Y
1.0%
Analysis Article • Jul 03

Daiho's (TSE:1822) Profits May Not Reveal Underlying Issues

Daiho Corporation's ( TSE:1822 ) healthy profit numbers didn't contain any surprises for investors. We believe that...
1802
JP¥3,225.00
Obayashi
7D
-2.4%
1Y
49.3%
1942
JP¥6,351.00
KandenkoLtd
7D
-6.2%
1Y
91.1%
1959
JP¥8,800.00
Kraftia
7D
-4.1%
1Y
41.6%
1803
JP¥2,492.50
Shimizu
7D
-4.1%
1Y
54.7%
1801
JP¥13,950.00
Taisei
7D
-4.8%
1Y
63.4%
1812
JP¥5,760.00
Kajima
7D
-6.0%
1Y
54.3%
6379
JP¥2,434.00
RAIZNEXT
7D
3.9%
1Y
32.1%
1810
JP¥1,460.00
Matsui Construction
7D
6.0%
1Y
19.4%
1820
JP¥5,368.00
Nishimatsu Construction
7D
2.2%
1Y
9.8%
1861
JP¥1,484.00
Kumagai GumiLtd
7D
2.7%
1Y
32.2%
1811
JP¥8,190.00
Zenitaka
7D
6.9%
1Y
91.6%
Analysis Article • May 22

Zenitaka's (TSE:1811) Solid Earnings Are Supported By Other Strong Factors

Even though The Zenitaka Corporation ( TSE:1811 ) posted strong earnings, investors appeared to be underwhelmed. We did...