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← CockpitCompetitor Analysis › 1822.T Daiho CorporationOpen in the cockpit ↗

Daiho Corporation1822.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Engineering & Construction
Momentum neutral 52
Mkt cap
$405M
US dollars, full cap
Free float
30%
of shares outstanding
$/day
$651,836
20-day average traded
Fwd P/E
15.5×
forward earnings
ROIC−WACC
+4.8 pp
WACC 5.3%
Hurdle
-10 pp
Req g minus delivered
Next earnings
7 days
13 Nov 2026
Close · JPY¥755
1D-3.6%
1W-1.6%
1M-5.4%
3M-2.2%
6M+1.9%
YTD-3.8%
1Y-6.3%
ATR %1.7%
52w lowhigh16.8% off high

What Daiho does

Employees: 1,700

Daiho at a glance

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).

Relative performance

9010011011 May 202611 Aug 20266 Nov 20261822.T 101Peer median 86
Six months, rebased to 100: Daiho against the median of its 20 peers (local-currency closes).

Daiho financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a¥3.49B¥11.3B-¥13.1B¥11.8B
Capital expendituren/a¥924M¥633M¥1.78B¥1.37B
Total debt¥11.2B¥8.38B¥6.92B¥13.0B¥6.98B

Quarterly statements and history in the cockpit →

Daiho competitor charts

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.

Performance: 6-month against 1-month return

0%+200%+400%-20%0%+20%300560603815192125203011360022003443PHOESHA0368MULTIE3B1822.T6-month return →1-month return →
Up and to the right = strong over both horizons. Daiho is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%10×15×3443SHA5011MULTIE3B1822.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Daiho is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%1921002200179934431576LCCPROJECTSHAMULTI1852E3B1822.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Daiho is the large dot.

Daiho competitors and peer comparison

How Daiho compares with its peers

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.

Daiho against its 20 peers (data as of 6 Nov 2026)
Measure1822.TPeer medianRank 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 margin5.4%5.4%10th highest of 19
Forward P/E15.5×13.2×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 pp4th most demanding of 11
ROIC minus cost of capital+4.8 pp-0.7 pp3rd highest of 18
EV / EBITDA5.4×8.1×3rd cheapest of 10
Net debt / EBITDA-2.2×0.7×least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Daiho 1822.TJapan$405M+2%+1%5%15.5×-12.7%-2.9%
Zhong Fu Tong 300560.SZChina$405M-18%+15%-1%n/an/an/a
Anhui Gourgen Traffic Construction 603815.SSChina$404M-40%-32%-29%n/an/an/a
Tomoe 1921.TJapan$408M-5%+3%14%n/a-2.9%+8.5%
Shanxi Installation 2520.HKHong Kong$408M+25%-16%3%n/an/an/a
Fujian Tendering 301136.SZChina$409M-39%-5%-4%n/an/an/a
YCIC Eco-Technology 002200.SZChina$401M-22%+41%0%n/a34.5%+14.0%
Daiichi Kensetsu 1799.TJapan$401M-16%+15%10%n/a-6.4%+1.8%
Kawada Technologies 3443.TJapan$411M-17%-11%8%7.2×-10.4%-0.1%
Qilu Expressway 1576.HKHong Kong$412M-10%-53%29%n/a5.5%+6.3%
Da Yi Cheng Technology 7951.TWOTaiwan$398Mn/an/an/an/an/an/a
LCC Projects LCCPROJECT.NSIndia$414Mn/a+23%12%n/a8.6%+43.2%
Chengdu Expressway 1785.HKHong Kong$395M-8%+2%27%n/an/an/a
Phoenix Asia PHOEUnited States$395M+18%-2%-17%n/an/an/a
Shape Australia SHA.AXAustralia$395M-14%+30%3%13.2×-1.0%+16.6%
Nichireki 5011.TJapan$394M0%+1%8%13.2×n/an/a
Superland 0368.HKHong Kong$392M+405%-6%6%n/an/an/a
Multiconsult MULTI.OLNorway$390M-17%+4%5%14.3×-5.8%+9.6%
Steady Energy STEADY.HEFinland$388Mn/an/an/an/an/an/a
Asanuma 1852.TJapan$425M-9%-4%5%n/a-17.6%+4.8%
Wee Hur E3B.SISingapore$425M-18%+22%26%6.5×-14.2%+9.2%

Questions

Which companies are Daiho's closest peers?
The cockpit's peer set: Zhong Fu Tong (300560.SZ), Anhui Gourgen Traffic Construction (603815.SS), Tomoe (1921.T), Shanxi Installation (2520.HK), Fujian Tendering (301136.SZ), YCIC Eco-Technology (002200.SZ), Daiichi Kensetsu (1799.T), Kawada Technologies (3443.T).
Is Daiho expensive compared with its peers?
On forward p/e it trades at 15.5× against a peer median of 13.2×, most expensive of 6 in its peer set. 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.
How has Daiho stock performed?
Over six months to 6 Nov 2026 the shares returned +1.9% against -14.0% for the median peer; over one year -6.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.