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Japanese (NIKKEI) Construction Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies150
  • 7D-3.7%
  • 3M-7.6%
  • 1Y44.0%
  • YTD-2.1%

Over the last 7 days, the Construction industry has dropped 3.7%, and Kajima contributed the most with a 4.1% decline. Meanwhile, West Holdings actually outperformed within the industry, gaining 32% in the last week. This takes the industry's 12 month performance to a gain of 44%. 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
Mon, 20 Jul 2026JP¥23.3tJP¥28.8tJP¥1.8t11.2x12.8x0.8x
Wed, 17 Jun 2026JP¥24.4tJP¥28.8tJP¥1.8t11.4x13.4x0.8x
Fri, 15 May 2026JP¥25.6tJP¥28.8tJP¥1.8t11.9x14.6x0.9x
Sun, 12 Apr 2026JP¥25.9tJP¥28.5tJP¥1.7t12.8x15.4x0.9x
Tue, 10 Mar 2026JP¥25.7tJP¥28.6tJP¥1.7t13.3x15.3x0.9x
Thu, 05 Feb 2026JP¥26.4tJP¥28.4tJP¥1.5t13.3x17.1x0.9x
Sat, 03 Jan 2026JP¥23.7tJP¥28.4tJP¥1.5t12.8x15.6x0.8x
Mon, 01 Dec 2025JP¥23.3tJP¥28.5tJP¥1.5t12.3x15.3x0.8x
Wed, 29 Oct 2025JP¥20.0tJP¥28.3tJP¥1.3t12.5x14.9x0.7x
Fri, 26 Sep 2025JP¥19.3tJP¥28.7tJP¥1.3t12.4x14.4x0.7x
Sun, 24 Aug 2025JP¥19.1tJP¥28.7tJP¥1.3t12.3x14.3x0.7x
Tue, 22 Jul 2025JP¥16.9tJP¥28.5tJP¥1.3t11.2x13.1x0.6x
Thu, 19 Jun 2025JP¥16.3tJP¥28.6tJP¥1.3t11x12.6x0.6x
Sat, 17 May 2025JP¥15.6tJP¥28.2tJP¥1.3t11.1x12.5x0.6x
Mon, 14 Apr 2025JP¥14.1tJP¥27.9tJP¥1.1t10.4x12.5x0.5x
Wed, 12 Mar 2025JP¥14.2tJP¥27.9tJP¥1.1t10.7x12.5x0.5x
Fri, 07 Feb 2025JP¥14.3tJP¥27.5tJP¥1.0t11.2x13.8x0.5x
Sun, 05 Jan 2025JP¥14.5tJP¥27.6tJP¥949.2b11.8x15.3x0.5x
Tue, 03 Dec 2024JP¥14.2tJP¥27.5tJP¥950.2b11.4x14.9x0.5x
Thu, 31 Oct 2024JP¥13.7tJP¥27.4tJP¥936.4b11.1x14.6x0.5x
Sat, 28 Sep 2024JP¥14.0tJP¥27.2tJP¥929.2b11.6x15x0.5x
Mon, 26 Aug 2024JP¥13.7tJP¥27.3tJP¥928.0b11.7x14.8x0.5x
Wed, 24 Jul 2024JP¥14.1tJP¥26.9tJP¥885.4b12.4x15.9x0.5x
Fri, 21 Jun 2024JP¥13.5tJP¥26.9tJP¥915.7b12.4x14.8x0.5x
Sun, 19 May 2024JP¥13.4tJP¥26.8tJP¥899.6b12.5x14.9x0.5x
Tue, 16 Apr 2024JP¥14.0tJP¥26.5tJP¥840.0b13.5x16.6x0.5x
Thu, 14 Mar 2024JP¥13.6tJP¥26.5tJP¥842.2b12.8x16.1x0.5x
Sat, 10 Feb 2024JP¥12.9tJP¥26.1tJP¥831.0b12.7x15.5x0.5x
Mon, 08 Jan 2024JP¥12.4tJP¥25.8tJP¥862.1b12.4x14.4x0.5x
Wed, 06 Dec 2023JP¥12.0tJP¥25.8tJP¥862.3b11.6x13.9x0.5x
Fri, 03 Nov 2023JP¥12.4tJP¥25.2tJP¥857.3b12.2x14.5x0.5x
Sun, 01 Oct 2023JP¥12.3tJP¥25.1tJP¥844.3b12.3x14.6x0.5x
Tue, 29 Aug 2023JP¥11.9tJP¥25.1tJP¥845.6b12x14.1x0.5x
Thu, 27 Jul 2023JP¥11.7tJP¥24.4tJP¥833.0b11.9x14x0.5x
Price to Earnings Ratio

14x


Total Market Cap: JP¥11.7tTotal Earnings: JP¥833.0bTotal 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 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 12.8x 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 30% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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-3.52%
Industrials-2.23%
Construction-3.70%
Construction and Engineering-3.70%
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
1407 West HoldingsJP¥2.84k31.8%
+JP¥27.1b		102.1%PE16.3x
1827 NakanoJP¥1.33k9.4%
+JP¥3.9b		83.8%PE10.4x
6379 RAIZNEXTJP¥2.49k2.2%
+JP¥2.9b		36.9%PE12.8x
1414 SHO-BOND HoldingsLtdJP¥1.27k0.7%
+JP¥1.7b		7.4%PE16.8x
5911 Yokogawa Bridge HoldingsJP¥2.89k1.1%
+JP¥1.3b		9.5%PE13.1x

Latest News

1801
JP¥13,340.00
Taisei
7D
-4.4%
1Y
55.8%
1407
JP¥2,835.00
West Holdings
7D
31.8%
1Y
102.1%
1944
JP¥7,084.00
Kinden
7D
-7.2%
1Y
55.6%
1827
JP¥1,325.00
Nakano
7D
9.4%
1Y
83.8%
1963
JP¥2,202.00
JGC Holdings
7D
-5.7%
1Y
72.1%
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.
1942
JP¥5,845.00
KandenkoLtd
7D
-8.0%
1Y
71.0%
5911
JP¥2,890.00
Yokogawa Bridge Holdings
7D
1.1%
1Y
9.5%
1976
JP¥1,850.00
MEISEI INDUSTRIALLtd
7D
0.7%
1Y
22.6%
1803
JP¥2,417.50
Shimizu
7D
-3.0%
1Y
45.5%
1980
JP¥2,574.00
Dai-Dan
7D
-7.2%
1Y
70.1%
1414
JP¥1,272.50
SHO-BOND HoldingsLtd
7D
0.7%
1Y
7.4%
1961
JP¥2,470.00
Sanki Engineering
7D
-6.8%
1Y
74.6%
1812
JP¥5,524.00
Kajima
7D
-4.1%
1Y
49.3%
6379
JP¥2,488.00
RAIZNEXT
7D
2.2%
1Y
36.9%
1882
JP¥1,599.00
Toa Road
7D
0.8%
1Y
3.0%
1762
JP¥3,645.00
Takamatsu Construction Group
7D
0.7%
1Y
20.1%