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Japanese (NIKKEI) Construction Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies152
  • 7D-0.2%
  • 3M18.4%
  • 1Y89.2%
  • YTD12.8%

Over the last 7 days, the Construction industry has dropped 1.7%, driven by a pullback from Taisei of 3.4%. Meanwhile, Toyo Engineering actually outperformed within the industry, gaining 34% in the last week. This takes the industry's 12 month performance to a gain of 85%. As for the next few years, earnings are expected to grow by 6.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 28 Apr 2023JP¥10.2tJP¥23.8tJP¥845.9b10.8x12x0.4x
Sun, 26 Mar 2023JP¥9.6tJP¥23.8tJP¥845.8b10.3x11.3x0.4x
Price to Earnings Ratio

11.3x


Total Market Cap: JP¥9.6tTotal Earnings: JP¥845.8bTotal Revenue: JP¥23.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Construction Industry Price to Earnings3Y Average 14.4x202420252026
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 14.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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 Market0.40%
Industrials2.15%
Construction-0.20%
Construction and Engineering-0.20%
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
6330 Toyo EngineeringJP¥3.54k40.6%
+JP¥55.4b		370.1%PS0.9x
1963 JGC HoldingsJP¥2.22k5.0%
+JP¥25.6b		78.3%PE16x
6366 ChiyodaJP¥1.14k7.2%
+JP¥20.0b		235.5%PE3.6x
1968 Taihei Dengyo KaishaJP¥3.11k10.3%
+JP¥18.3b		89.8%PE18x
1942 KandenkoLtdJP¥6.20k1.1%
+JP¥13.9b		125.6%PE21.7x

Latest News

1802
JP¥3,858.00
Obayashi
7D
0.4%
1Y
85.3%
1721
JP¥5,160.00
COMSYS Holdings
7D
-2.2%
1Y
56.1%
1801
JP¥16,785.00
Taisei
7D
-3.6%
1Y
138.7%
1812
JP¥6,135.00
Kajima
7D
-2.0%
1Y
96.3%
1944
JP¥7,635.00
Kinden
7D
-0.7%
1Y
120.0%
1719
JP¥1,912.50
Hazama Ando
7D
-1.3%
1Y
37.6%
1963
JP¥2,220.00
JGC Holdings
7D
5.0%
1Y
78.3%

1963: Project Progress And Governance Actions Will Shape Balanced Outlook

Analysts have raised their price target on JGC Holdings from ¥1,930 to ¥2,190, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that they state better reflect the company’s current prospects. What's in the News Technip Energies, JGC and Samsung Heavy Industries received a significant contract from Mozambique Rovuma Venture to progress work on the Coral Norte Floating LNG project, the country's second floating LNG facility, following earlier work on the same project (Key Developments).
1893
JP¥1,792.50
Penta-Ocean Construction
7D
-1.3%
1Y
148.0%
6366
JP¥1,144.00
Chiyoda
7D
7.2%
1Y
235.5%
1803
JP¥2,930.00
Shimizu
7D
-6.0%
1Y
111.0%
1950
JP¥5,040.00
Nippon Densetsu Kogyo
7D
2.2%
1Y
129.2%
1942
JP¥6,195.00
KandenkoLtd
7D
1.1%
1Y
125.6%
1968
JP¥3,110.00
Taihei Dengyo Kaisha
7D
10.3%
1Y
89.8%
6330
JP¥3,540.00
Toyo Engineering
7D
40.6%
1Y
370.1%
1961
JP¥6,830.00
Sanki Engineering
7D
2.2%
1Y
104.5%
1885
JP¥3,220.00
TOA
7D
-3.0%
1Y
132.7%