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
Mon, 11 May 2026	JP¥26.4t	JP¥28.6t	JP¥1.7t	12.5x	15.4x	0.9x
Wed, 08 Apr 2026	JP¥25.3t	JP¥28.5t	JP¥1.7t	12.8x	15.1x	0.9x
Fri, 06 Mar 2026	JP¥27.6t	JP¥28.6t	JP¥1.7t	13.7x	16.4x	1x
Sun, 01 Feb 2026	JP¥25.1t	JP¥28.4t	JP¥1.5t	13x	16.3x	0.9x
Tue, 30 Dec 2025	JP¥23.9t	JP¥28.4t	JP¥1.5t	12.8x	15.7x	0.8x
Thu, 27 Nov 2025	JP¥22.7t	JP¥27.9t	JP¥1.5t	12x	15.2x	0.8x
Sat, 25 Oct 2025	JP¥20.2t	JP¥28.3t	JP¥1.3t	12.6x	15.1x	0.7x
Mon, 22 Sep 2025	JP¥19.4t	JP¥28.7t	JP¥1.3t	12.5x	14.5x	0.7x
Wed, 20 Aug 2025	JP¥18.9t	JP¥28.7t	JP¥1.3t	12.3x	14.1x	0.7x
Fri, 18 Jul 2025	JP¥16.9t	JP¥28.5t	JP¥1.3t	11.3x	13.2x	0.6x
Sun, 15 Jun 2025	JP¥16.0t	JP¥28.6t	JP¥1.3t	10.9x	12.4x	0.6x
Tue, 13 May 2025	JP¥16.0t	JP¥28.1t	JP¥1.2t	11.1x	13.3x	0.6x
Thu, 10 Apr 2025	JP¥13.4t	JP¥27.9t	JP¥1.1t	9.9x	11.9x	0.5x
Sat, 08 Mar 2025	JP¥14.6t	JP¥27.9t	JP¥1.1t	10.9x	12.9x	0.5x
Mon, 03 Feb 2025	JP¥14.5t	JP¥27.6t	JP¥1.0t	11.7x	14x	0.5x
Wed, 01 Jan 2025	JP¥14.5t	JP¥27.6t	JP¥950.2b	11.8x	15.3x	0.5x
Fri, 29 Nov 2024	JP¥14.1t	JP¥27.5t	JP¥950.0b	11.4x	14.9x	0.5x
Sun, 27 Oct 2024	JP¥13.4t	JP¥27.4t	JP¥936.4b	10.9x	14.3x	0.5x
Tue, 24 Sep 2024	JP¥13.7t	JP¥27.2t	JP¥929.2b	11.2x	14.7x	0.5x
Thu, 22 Aug 2024	JP¥13.5t	JP¥27.3t	JP¥927.6b	11.7x	14.5x	0.5x
Sat, 20 Jul 2024	JP¥14.1t	JP¥26.9t	JP¥885.4b	12.5x	15.9x	0.5x
Mon, 17 Jun 2024	JP¥13.6t	JP¥26.9t	JP¥915.7b	12.2x	14.8x	0.5x
Wed, 15 May 2024	JP¥13.6t	JP¥26.5t	JP¥892.7b	12.5x	15.3x	0.5x
Fri, 12 Apr 2024	JP¥13.9t	JP¥26.5t	JP¥839.9b	13.4x	16.6x	0.5x
Sun, 10 Mar 2024	JP¥13.9t	JP¥26.5t	JP¥842.2b	13x	16.6x	0.5x
Tue, 06 Feb 2024	JP¥13.2t	JP¥25.9t	JP¥878.1b	12.8x	15x	0.5x
Thu, 04 Jan 2024	JP¥12.1t	JP¥25.8t	JP¥862.1b	11.9x	14x	0.5x
Sat, 02 Dec 2023	JP¥12.1t	JP¥25.8t	JP¥862.3b	11.9x	14x	0.5x
Mon, 30 Oct 2023	JP¥12.1t	JP¥25.1t	JP¥854.3b	12x	14.2x	0.5x
Wed, 27 Sep 2023	JP¥12.5t	JP¥25.1t	JP¥844.3b	12.4x	14.8x	0.5x
Fri, 25 Aug 2023	JP¥11.9t	JP¥25.1t	JP¥845.6b	12x	14x	0.5x
Sun, 23 Jul 2023	JP¥11.4t	JP¥24.4t	JP¥831.9b	11.8x	13.8x	0.5x
Tue, 20 Jun 2023	JP¥11.1t	JP¥24.3t	JP¥831.6b	11.2x	13.3x	0.5x
Thu, 18 May 2023	JP¥10.9t	JP¥24.2t	JP¥828.2b	11.3x	13.2x	0.4x

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 0.58x.

Past Earnings Growth

The earnings for companies in the Construction industry have grown 27% per year over the last three years.
Revenues for these companies have grown 5.6% 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	2.87%
Industrials	2.88%
Construction	2.21%
Construction and Engineering	2.21%

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¥17.73k	7.0% +JP¥188.3b	122.6%	PE20.3x
1942 KandenkoLtd	JP¥7.18k	6.7% +JP¥89.2b	149.3%	PE22.5x
1812 Kajima	JP¥6.26k	3.1% +JP¥86.7b	73.9%	PE16.8x
1803 Shimizu	JP¥3.12k	4.0% +JP¥81.2b	99.4%	PE19.8x
1893 Penta-Ocean Construction	JP¥2.04k	15.9% +JP¥76.2b	125.3%	PE16.1x

INFRONEER Profit Outlook Leaps as Dividends Rise and MAEDA Payment Probe Continues

INFRONEER lifted its full-year profit outlook twice, citing stronger construction orders, design change contracts and gains on financial assets, while net sales guidance is slightly lower. The company now expects fiscal year 2026 net profit of ¥765b, which is 27.5% above its previous forecast, and is guiding for earnings that are 2.4x the prior year. Management has sharply increased shareholder returns, including an extraordinary dividend of ¥90 per share, a 30% increase in the annual dividend to ¥120, and a lower conversion price of ¥1,660.4 on its 2029 Green Convertible Bonds. INFRONEER is also investigating alleged improper payments involving an employee at core subsidiary MAEDA CORPORATION, saying it will fully cooperate with authorities and disclose any material updates. For you as an investor, the combination of a higher profit outlook, repeated guidance raises and richer dividends points to a company currently prioritizing cash returns to shareholders, while still committing capital to growth through additional construction orders and civil engineering work. The adjustment of the convertible bond conversion price after the extraordinary dividend also matters, since it may influence how and when those bonds convert into equity, and therefore potential future dilution. At the same time, the alleged improper payment at MAEDA introduces governance and compliance questions that could affect how some investors view the stock. It is worth tracking how the investigation progresses, what internal controls the group highlights in response, and whether there are any financial or contract-related consequences from public sector counterparties.

Japanese (NIKKEI) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Tokyu Construction Co., Ltd. to Report Q1, 2027 Results on Aug 05, 2026

Now 25% undervalued after recent price drop

INFRONEER Profit Outlook Leaps as Dividends Rise and MAEDA Payment Probe Continues

First quarter 2026 earnings released: EPS: JP¥242 (vs JP¥186 in 1Q 2025)

Full year 2026 earnings: EPS and revenues exceed analyst expectations

SHO-BOND Holdings Co.,Ltd. to Report Q3, 2026 Results on May 11, 2026

Full year 2026 earnings released: EPS: JP¥187 (vs JP¥68.44 in FY 2025)

Fudo Tetra Corporation to Report Fiscal Year 2026 Results on May 11, 2026

Concerns Surrounding Toenec's (TSE:1946) Performance

Impressive Earnings May Not Tell The Whole Story For KandenkoLtd (TSE:1942)

Price target increased by 8.7% to JP¥11,200

New minor risk - Share price stability

Now 23% overvalued after recent price rise

Taisei Corporation to Report Fiscal Year 2026 Results on May 14, 2026

Price target increased by 8.3% to JP¥4,403

Toyo Engineering Corporation to Report Fiscal Year 2026 Results on May 14, 2026