Employees: 1,700
Size Daiho (1822.T) is a Japan Industrials company (Engineering & Construction) with a market value of $405M, the 1180th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥755 on 6 Nov 2026.
Performance Over six months the shares gained 1.9%, against -14.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 18 in its peer set.
Growth Revenue grew 0.8% over the last twelve months (peer median +1.1%); the operating margin is 5.4% (peer median 5.4%).
Valuation It trades at 15.5× forward earnings against a peer median of 13.2× (most expensive of 6).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.8 points above its cost of capital (5.3% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥143B | ¥140B | ¥143B | ¥163B | ¥156B |
| Revenue growth | — | -2% | -12% | +5% | — |
| Gross profit | ¥16.4B | ¥15.2B | ¥13.1B | ¥7.61B | ¥12.0B |
| EBITDA | ¥8.61B | ¥7.58B | ¥6.53B | ¥1.30B | ¥6.07B |
| Net income | ¥5.05B | ¥4.56B | ¥3.69B | -¥2.07B | ¥2.91B |
| Free cash flow | n/a | ¥3.49B | ¥11.3B | -¥13.1B | ¥11.8B |
| Capital expenditure | n/a | ¥924M | ¥633M | ¥1.78B | ¥1.37B |
| Total debt | ¥11.2B | ¥8.38B | ¥6.92B | ¥13.0B | ¥6.98B |
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 | 1822.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.4% | -5.9% | 9th highest of 20 |
| 6-month return | +1.9% | -14.0% | 4th highest of 18 |
| Distance from 52-week high | -16.8% | -31.5% | 4th highest of 21 |
| Revenue growth (TTM) | +0.8% | +1.1% | 10th highest of 19 |
| Operating margin | 5.4% | 5.4% | 10th highest of 19 |
| Forward P/E | 15.5× | 13.2× | most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | -12.7% | -4.4% | 3rd least demanding of 11 |
| Growth delivered (Del g) | -2.9% | +8.9% | lowest of 11 |
| Hurdle (Req g minus delivered) | -9.8 pp | -13.4 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | +4.8 pp | -0.7 pp | 3rd highest of 18 |
| EV / EBITDA | 5.4× | 8.1× | 3rd cheapest of 10 |
| Net debt / EBITDA | -2.2× | 0.7× | least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Daiho 1822.T | Japan | $405M | +2% | +1% | 5% | 15.5× | -12.7% | -2.9% |
| Zhong Fu Tong 300560.SZ | China | $405M | -18% | +15% | -1% | n/a | n/a | n/a |
| Anhui Gourgen Traffic Construction 603815.SS | China | $404M | -40% | -32% | -29% | n/a | n/a | n/a |
| Tomoe 1921.T | Japan | $408M | -5% | +3% | 14% | n/a | -2.9% | +8.5% |
| Shanxi Installation 2520.HK | Hong Kong | $408M | +25% | -16% | 3% | n/a | n/a | n/a |
| Fujian Tendering 301136.SZ | China | $409M | -39% | -5% | -4% | n/a | n/a | n/a |
| YCIC Eco-Technology 002200.SZ | China | $401M | -22% | +41% | 0% | n/a | 34.5% | +14.0% |
| Daiichi Kensetsu 1799.T | Japan | $401M | -16% | +15% | 10% | n/a | -6.4% | +1.8% |
| Kawada Technologies 3443.T | Japan | $411M | -17% | -11% | 8% | 7.2× | -10.4% | -0.1% |
| Qilu Expressway 1576.HK | Hong Kong | $412M | -10% | -53% | 29% | n/a | 5.5% | +6.3% |
| Da Yi Cheng Technology 7951.TWO | Taiwan | $398M | n/a | n/a | n/a | n/a | n/a | n/a |
| LCC Projects LCCPROJECT.NS | India | $414M | n/a | +23% | 12% | n/a | 8.6% | +43.2% |
| Chengdu Expressway 1785.HK | Hong Kong | $395M | -8% | +2% | 27% | n/a | n/a | n/a |
| Phoenix Asia PHOE | United States | $395M | +18% | -2% | -17% | n/a | n/a | n/a |
| Shape Australia SHA.AX | Australia | $395M | -14% | +30% | 3% | 13.2× | -1.0% | +16.6% |
| Nichireki 5011.T | Japan | $394M | 0% | +1% | 8% | 13.2× | n/a | n/a |
| Superland 0368.HK | Hong Kong | $392M | +405% | -6% | 6% | n/a | n/a | n/a |
| Multiconsult MULTI.OL | Norway | $390M | -17% | +4% | 5% | 14.3× | -5.8% | +9.6% |
| Steady Energy STEADY.HE | Finland | $388M | n/a | n/a | n/a | n/a | n/a | n/a |
| Asanuma 1852.T | Japan | $425M | -9% | -4% | 5% | n/a | -17.6% | +4.8% |
| Wee Hur E3B.SI | Singapore | $425M | -18% | +22% | 26% | 6.5× | -14.2% | +9.2% |