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Employees: 885
Size Zenitaka (1811.T) is a Japan Industrials company (Engineering & Construction) with a market value of $306M, the 1351st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥6,730 on 6 Nov 2026.
Performance Over six months the shares fell 20.4%, against -10.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue fell 6.9% over the last twelve months (peer median +9.3%); the operating margin is 1.8% (peer median 6.6%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 0.9× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.4 points below its cost of capital (6.6% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥118B | ¥125B | ¥121B | ¥121B | ¥108B |
| Revenue growth | — | +4% | 0% | +12% | — |
| Gross profit | ¥10.1B | ¥12.6B | ¥10.2B | ¥9.58B | ¥7.37B |
| EBITDA | ¥2.79B | ¥5.37B | ¥4.25B | ¥3.90B | ¥2.03B |
| Net income | ¥2.53B | ¥4.25B | ¥3.50B | ¥2.74B | ¥2.25B |
| Free cash flow | n/a | ¥17.3B | -¥8.05B | -¥22.9B | -¥16.2B |
| Capital expenditure | n/a | ¥1.42B | ¥343M | ¥579M | ¥13.3B |
| Total debt | ¥36.9B | ¥33.3B | ¥36.9B | ¥33.5B | ¥13.6B |
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.
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 | 1811.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.6% | -6.3% | 9th lowest of 20 |
| 6-month return | -20.4% | -10.1% | 7th lowest of 20 |
| Distance from 52-week high | -31.5% | -33.7% | 9th highest of 20 |
| Revenue growth (TTM) | -6.9% | +9.3% | 7th lowest of 21 |
| Operating margin | 1.8% | 6.6% | 4th lowest of 20 |
| EV / Sales | 0.5× | 0.9× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -1.1% | -2.0% | 5th most demanding of 11 |
| Growth delivered (Del g) | +3.5% | +7.0% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | -4.6 pp | -17.0 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | -5.4 pp | -1.2 pp | 6th lowest of 20 |
| Net debt / EBITDA | 4.3× | -0.1× | 3rd most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zenitaka 1811.T | Japan | $306M | -20% | -7% | 2% | 0.5× | -1.1% | +3.5% |
| SEM 9929.HK | Hong Kong | $306M | -8% | +34% | -81% | 28.9× | n/a | n/a |
| Ashoka Buildcon ASHOKA.NS | India | $303M | -27% | -25% | 19% | 0.4× | -10.6% | +7.1% |
| Yamato 1967.T | Japan | $302M | 0% | -4% | 11% | 0.7× | n/a | n/a |
| Hualan 301027.SZ | China | $310M | -43% | +12% | 4% | 2.7× | 22.0% | -7.9% |
| Vindhya Telelinks VINDHYATEL.NS | India | $310M | +47% | -18% | 7% | 0.9× | n/a | n/a |
| Terrestrial Energy IMSR | United States | $301M | -62% | -100% | n/a | n/a | n/a | n/a |
| Fujian Newchoice Pipe Technology 300198.SZ | China | $311M | -21% | +37% | -154% | 21.8× | n/a | n/a |
| Beijing Airport High-Tech Park 600463.SS | China | $314M | -35% | +15% | -9% | 3.9× | n/a | n/a |
| IS Dongseo 010780.KS | South Korea | $296M | -48% | -13% | 9% | 1.3× | -2.0% | +0.6% |
| Nittoc Construction 1929.T | Japan | $295M | -5% | +21% | 7% | 0.3× | -15.1% | +4.3% |
| Seikitokyu Kogyo 1898.T | Japan | $318M | -4% | -5% | 7% | 0.4× | -15.2% | +1.1% |
| Mirbud MRB.WA | Poland | $319M | +10% | +6% | 4% | 0.5× | n/a | n/a |
| Ohmoto Gumi 1793.T | Japan | $320M | +15% | +36% | 4% | 0.4× | n/a | n/a |
| Tokyo Energy & Systems 1945.T | Japan | $326M | -10% | +29% | 6% | 0.7× | 3.0% | +6.9% |
| Hunan Investment 000548.SZ | China | $326M | -18% | -19% | 19% | 4.4× | n/a | n/a |
| KNR Constructions KNRCON.NS | India | $327M | -19% | -38% | 25% | 1.1× | n/a | n/a |
| Bondada Engineering BONDADA.NS | India | $327M | n/a | +202% | 11% | 1.0× | 20.0% | +58.2% |
| Capital CAPD.L | United Kingdom | $329M | -4% | +16% | 15% | 0.7× | -4.9% | +20.0% |
| J. Kumar Infraprojects JKIL.NS | India | $331M | -20% | -2% | 11% | 0.5× | -2.1% | +17.4% |
| PSP Projects PSPPROJECT.NS | India | $333M | -7% | +45% | 4% | 0.9× | 29.2% | +20.5% |