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Japanese general contractor (zenekon) formed by the 2013 merger of Hazama Corporation and Ando Corporation.
Japanese general contractor (zenekon) formed by the 2013 merger of Hazama Corporation and Ando Corporation.
Earns from construction contracts at agreed prices, with income recognised as the work progresses, so the order backlog shows the next couple of years. Building for private owners and civil engineering for government bodies are its two pillars.
In one line: A mid-tier Japanese general contractor.
Moat: none (scale). Mid-tier scale in a fragmented, competitive general-contracting industry.
Headquarters: Tokyo, Japan · Founded: 2013 · Employees: 3,957
Size HAZAMA ANDO (1719.T) is a Japan Industrials company (Engineering & Construction) with a market value of $1.94B, the 497th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,698 on 6 Nov 2026.
Performance Over six months the shares fell 10.8%, against -13.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 3.7% over the last twelve months (peer median +6.4%); the operating margin is 7.7% (peer median 7.8%).
Valuation It trades at 9.8× forward earnings against a peer median of 13.5× (4th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.3 points above its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥451B | ¥440B | ¥425B | ¥394B | ¥372B |
| Revenue growth | — | +3% | +8% | +6% | — |
| Gross profit | ¥65.7B | ¥66.2B | ¥62.8B | ¥43.3B | ¥42.0B |
| EBITDA | ¥38.5B | ¥37.3B | ¥38.7B | ¥21.1B | ¥22.0B |
| Net income | ¥30.8B | ¥29.7B | ¥26.4B | ¥13.9B | ¥15.2B |
| Free cash flow | n/a | ¥25.9B | ¥7.05B | -¥18.2B | ¥29.3B |
| Capital expenditure | n/a | ¥2.52B | ¥4.13B | ¥7.08B | ¥3.00B |
| Total debt | ¥27.5B | ¥31.7B | ¥28.1B | ¥23.8B | ¥24.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| HAZAMA ANDO 1719.T | $1.94B | -11% | +4% | 8% | 9.8× | -11.7% |
| Toda 1860.T | $2.58B | -3% | +10% | 6% | 11.1× | -0.8% |
| Nishimatsu Construction 1820.T | $1.28B | -11% | +14% | 8% | 9.6× | n/a |
| Okumura 1833.T | $1.19B | -17% | 0% | 5% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1719.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.1% | -6.6% | 7th highest of 21 |
| 6-month return | -10.8% | -13.6% | 10th highest of 21 |
| Distance from 52-week high | -25.2% | -29.3% | 8th highest of 21 |
| Revenue growth (TTM) | +3.7% | +6.4% | 9th lowest of 21 |
| Operating margin | 7.7% | 7.8% | 10th lowest of 21 |
| Forward P/E | 9.8× | 13.5× | 4th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -11.7% | 3.5% | least demanding of 15 |
| Growth delivered (Del g) | +4.5% | +9.9% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | -16.2 pp | -12.3 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | +8.3 pp | +2.8 pp | 7th highest of 19 |
| EV / EBITDA | 7.0× | 12.4× | 5th cheapest of 14 |
| Net debt / EBITDA | -1.0× | -1.1× | 7th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HAZAMA ANDO 1719.T | Japan | $1.94B | -11% | +4% | 8% | 9.8× | -11.7% | +4.5% |
| NRW NWH.AX | Australia | $1.95B | -17% | +31% | 6% | 13.6× | 8.5% | +14.1% |
| Monadelphous MND.AX | Australia | $1.98B | -4% | +29% | 5% | 22.7× | 5.3% | +9.7% |
| Sanki Engineering 1961.T | Japan | $1.98B | -12% | +2% | 12% | 11.5× | -6.5% | +6.0% |
| CSSC Science & Technology 600072.SS | China | $1.99B | -35% | +8% | -37% | n/a | n/a | n/a |
| Chongqing Sanfeng Environment 601827.SS | China | $2.00B | -3% | +5% | 27% | 10.4× | -11.4% | +2.4% |
| Per Aarsleff Holding A/S PAAL-B.CO | Denmark | $2.02B | -6% | +14% | 5% | 13.4× | -7.6% | +11.2% |
| Jinko Power Technology 601778.SS | China | $1.86B | -49% | -25% | 16% | n/a | n/a | n/a |
| Beijing Enterprises Water 0371.HK | Hong Kong | $1.86B | -48% | -5% | 24% | 9.5× | 4.2% | -1.2% |
| Hong Kong Zcloud Technology Construction 9900.HK | Hong Kong | $2.03B | +16% | -33% | 0% | n/a | n/a | n/a |
| DAI-DAN 1980.T | Japan | $2.05B | -15% | -7% | 14% | 10.2× | -4.4% | +10.2% |
| Kepco E&c 052690.KS | South Korea | $2.07B | -61% | +8% | 10% | 45.6× | n/a | n/a |
| Mega Union Technology 6944.TW | Taiwan | $1.82B | -17% | +60% | 21% | 14.1× | -4.0% | +30.2% |
| China Next-Gen Commerce and Supply Chain 3928.HK | Hong Kong | $1.81B | +47% | -26% | -17% | n/a | n/a | n/a |
| Badger Infrastructure Solutions BDGI.TO | Canada | $1.80B | -10% | +16% | 8% | 19.2× | 21.0% | +15.8% |
| Guangdong Construction Engineering 002060.SZ | China | $1.79B | -15% | -11% | 3% | 8.0× | n/a | n/a |
| Yankey Engineering 6691.TW | Taiwan | $2.16B | -16% | +63% | 16% | 9.7× | 2.8% | +33.1% |
| Kier KIE.L | United Kingdom | $1.75B | +53% | +7% | 3% | 12.7× | -6.3% | +5.9% |
| Engineers India ENGINERSIN.NS | India | $1.74B | +12% | +6% | 20% | 25.2× | 29.6% | +4.6% |
| Suzhou Gold Mantis Construction and Decoration 002081.SZ | China | $1.74B | -25% | -8% | 3% | 29.6× | 12.2% | -11.1% |
| Tasmea TEA.AX | Australia | $1.73B | +49% | +136% | 8% | 18.9× | 4.6% | +59.3% |