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
Sat, 25 Jul 2026	JP¥23.8t	JP¥28.8t	JP¥1.8t	11.5x	13.1x	0.8x
Mon, 22 Jun 2026	JP¥25.0t	JP¥28.8t	JP¥1.8t	11.4x	13.7x	0.9x
Wed, 20 May 2026	JP¥24.6t	JP¥28.9t	JP¥1.8t	11.5x	13.6x	0.9x
Fri, 17 Apr 2026	JP¥25.5t	JP¥28.5t	JP¥1.7t	12.4x	15.1x	0.9x
Sun, 15 Mar 2026	JP¥26.2t	JP¥28.6t	JP¥1.7t	13.2x	15.5x	0.9x
Tue, 10 Feb 2026	JP¥28.9t	JP¥28.6t	JP¥1.6t	13.8x	17.9x	1x
Thu, 08 Jan 2026	JP¥24.6t	JP¥28.4t	JP¥1.5t	13.1x	16.1x	0.9x
Sat, 06 Dec 2025	JP¥22.7t	JP¥28.6t	JP¥1.5t	12.2x	14.8x	0.8x
Mon, 03 Nov 2025	JP¥20.6t	JP¥28.4t	JP¥1.4t	12.4x	15.1x	0.7x
Wed, 01 Oct 2025	JP¥19.1t	JP¥28.3t	JP¥1.3t	12.3x	14.3x	0.7x
Fri, 29 Aug 2025	JP¥18.9t	JP¥28.7t	JP¥1.3t	12.3x	14.2x	0.7x
Sun, 27 Jul 2025	JP¥17.2t	JP¥28.5t	JP¥1.3t	11.7x	13.4x	0.6x
Tue, 24 Jun 2025	JP¥16.4t	JP¥28.6t	JP¥1.3t	11.1x	12.7x	0.6x
Thu, 22 May 2025	JP¥15.7t	JP¥28.5t	JP¥1.3t	10.8x	12.4x	0.6x
Sat, 19 Apr 2025	JP¥14.9t	JP¥27.9t	JP¥1.1t	10.9x	13.1x	0.5x
Mon, 17 Mar 2025	JP¥14.5t	JP¥27.9t	JP¥1.1t	10.9x	12.8x	0.5x
Wed, 12 Feb 2025	JP¥14.6t	JP¥27.8t	JP¥1.1t	11.2x	13.3x	0.5x
Fri, 10 Jan 2025	JP¥14.2t	JP¥27.6t	JP¥949.2b	11.7x	15x	0.5x
Sun, 08 Dec 2024	JP¥14.2t	JP¥27.6t	JP¥950.6b	11.7x	14.9x	0.5x
Tue, 05 Nov 2024	JP¥13.5t	JP¥27.4t	JP¥943.6b	11x	14.3x	0.5x
Thu, 03 Oct 2024	JP¥13.8t	JP¥27.2t	JP¥929.2b	11.5x	14.9x	0.5x
Sat, 31 Aug 2024	JP¥13.9t	JP¥27.3t	JP¥927.9b	11.9x	15x	0.5x
Mon, 29 Jul 2024	JP¥13.7t	JP¥26.9t	JP¥884.5b	12.2x	15.5x	0.5x
Wed, 26 Jun 2024	JP¥13.7t	JP¥26.9t	JP¥915.7b	12.5x	15x	0.5x
Fri, 24 May 2024	JP¥13.5t	JP¥26.9t	JP¥908.9b	12x	14.8x	0.5x
Sun, 21 Apr 2024	JP¥13.4t	JP¥26.5t	JP¥838.6b	12.9x	16x	0.5x
Tue, 19 Mar 2024	JP¥14.0t	JP¥26.5t	JP¥841.6b	13x	16.6x	0.5x
Thu, 15 Feb 2024	JP¥12.7t	JP¥26.4t	JP¥840.0b	12.7x	15.2x	0.5x
Sat, 13 Jan 2024	JP¥12.7t	JP¥25.8t	JP¥862.1b	12.4x	14.7x	0.5x
Mon, 11 Dec 2023	JP¥11.9t	JP¥25.8t	JP¥862.5b	11.5x	13.8x	0.5x
Wed, 08 Nov 2023	JP¥12.2t	JP¥25.3t	JP¥855.8b	12x	14.2x	0.5x
Fri, 06 Oct 2023	JP¥12.2t	JP¥25.1t	JP¥844.3b	12x	14.5x	0.5x
Sun, 03 Sep 2023	JP¥12.1t	JP¥25.1t	JP¥845.7b	12.3x	14.3x	0.5x
Tue, 01 Aug 2023	JP¥11.8t	JP¥24.5t	JP¥849.9b	12x	13.8x	0.5x

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 13.1x 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 0.61x.

Past Earnings Growth

The earnings for companies in the Construction industry have grown 29% 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	2.14%
Industrials	2.89%
Construction	2.30%
Construction and Engineering	2.30%

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
1944 Kinden	JP¥7.47k	5.5% +JP¥77.2b	60.1%	PE21.3x
1801 Taisei	JP¥13.68k	2.5% +JP¥54.6b	56.3%	PE13.1x
1802 Obayashi	JP¥3.28k	2.4% +JP¥52.2b	50.8%	PE13x
1803 Shimizu	JP¥2.46k	1.6% +JP¥26.8b	45.7%	PE13.2x
1812 Kajima	JP¥5.58k	1.0% +JP¥25.9b	49.4%	PE14.5x

Tess Holdings Co.,Ltd. Revises Consolidated Earnings Guidance for the Year Ended June 30, 2026

Tess Holdings Co.,Ltd. revised consolidated earnings guidance for the year ended June 30, 2026. For the year, the company expects net sales of JPY 51,000 million, operating profit of JPY 5,100 million, profit attributable to owners of parent of JPY 1,800 million and basic earnings per share of JPY 25.53 against previously expected net sales of JPY 47,000 million, operating profit of JPY 3,600 million, profit attributable to owners of parent of JPY 1,200 million and basic earnings per share of JPY 17.02. Reasons for the revision: With regard to net sales, power storage system-related EPC projects in the Engineering Segment are expected to remain steady, and net sales are expected to be recorded in the fourth quarter of the fiscal year ending June 30, 2026, due mainly to the progress of development-type EPC projects for grid power storage plants including the Shizuoka Kikugawa Power Storage Plant and a grid power storage plant owned by an LLC formed by Tokyo Century Corporation. Also in the Energy Supply Segment, Operation and maintenance (O&M) and other businesses are performing better than the assumptions underlying the previous forecast, and therefore, net sales are expected to exceed the previously announced forecast. Operating profit is projected to exceed the previously announced forecast after comprehensively considering the net sales situation, selling, general and administrative expenses for the fiscal year ending June 30, 2026, which are expected to fall below the previously announced forecast, and actual results of non-operating income and expenses. Profit attributable to owners of parent is expected to exceed the previously announced forecast due mainly to the aforementioned increases in operating profit and ordinary profit, though the project an increase in income taxes - deferred due to the non-recognition of deferred tax assets related to asset retirement obligations recorded in the first quarter of the fiscal year ending June 30, 2026 while teh company also project the recording of an extraordinary loss associated with the transition difference resulting from the change to the principle-based method of retirement benefit accounting in the fourth quarter of the fiscal year ending June 30, 2026.

Japanese (NIKKEI) Construction Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Tess Holdings Co.,Ltd. Revises Consolidated Earnings Guidance for the Year Ended June 30, 2026

1963: Higher Dividend Proposal Will Likely Limit Future Share Price Upside

Investor sentiment deteriorates as stock falls 18%

Taisei Corporation to Report Q1, 2027 Results on Aug 06, 2026

Third quarter 2026 earnings released: EPS: JP¥49.40 (vs JP¥5.77 in 3Q 2025)

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

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).

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

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

Kitano Construction Corp. to Report Q1, 2027 Results on Aug 06, 2026

Investor sentiment improves as stock rises 15%

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

Raito Kogyo Approaches ¥7 Billion Buyback Limit With Strong Share Repurchases

Tanabe Engineering Corporation to Report Q1, 2027 Results on Aug 07, 2026

TOYOKOH Inc. to Report Q3, 2027 Results on Feb 10, 2027