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Employees: 1,806
Size Asanuma (1852.T) is a Japan Industrials company (Engineering & Construction) with a market value of $425M, the 1156th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥838 on 6 Nov 2026.
Performance Over six months the shares fell 9.3%, against -15.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 4.3% over the last twelve months (peer median -2.4%); the operating margin is 4.5% (peer median 6.8%).
Valuation It trades at 0.3× enterprise value to sales against a peer median of 1.4× (cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.7 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 | ¥170B | ¥175B | ¥167B | ¥153B | ¥144B |
| Revenue growth | — | +5% | +9% | +6% | — |
| Gross profit | ¥20.0B | ¥19.6B | ¥18.0B | ¥14.1B | ¥15.1B |
| EBITDA | ¥8.73B | ¥8.25B | ¥7.81B | ¥4.95B | ¥6.68B |
| Net income | ¥5.61B | ¥5.18B | ¥4.69B | ¥4.67B | ¥4.20B |
| Free cash flow | n/a | ¥18.1B | ¥4.97B | -¥3.30B | ¥1.28B |
| Capital expenditure | n/a | ¥627M | ¥611M | ¥428M | ¥151M |
| Total debt | ¥14.1B | ¥14.2B | ¥21.6B | ¥15.0B | ¥10.3B |
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 | 1852.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.4% | -6.2% | 6th highest of 21 |
| 6-month return | -9.3% | -15.5% | 8th highest of 20 |
| Distance from 52-week high | -32.0% | -29.9% | 10th lowest of 21 |
| Revenue growth (TTM) | -4.3% | -2.4% | 11th highest of 21 |
| Operating margin | 4.5% | 6.8% | 8th lowest of 21 |
| EV / Sales | 0.3× | 1.4× | cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -17.6% | -4.5% | least demanding of 15 |
| Growth delivered (Del g) | +4.8% | +6.0% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -22.4 pp | -9.0 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +9.7 pp | -0.7 pp | 3rd highest of 20 |
| EV / EBITDA | 6.2× | 8.4× | 6th cheapest of 15 |
| Net debt / EBITDA | -1.5× | 0.7× | 6th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Asanuma 1852.T | Japan | $425M | -9% | -4% | 5% | 0.3× | -17.6% | +4.8% |
| Wee Hur E3B.SI | Singapore | $425M | -18% | +22% | 26% | 2.1× | -14.2% | +9.2% |
| GE Power India GVPIL.NS | India | $427M | -10% | +19% | 23% | 3.1× | 17.8% | -17.6% |
| TANSEISHA 9743.T | Japan | $432M | +1% | -7% | 6% | 0.5× | -6.0% | +9.1% |
| Kedge Construction 2546.TW | Taiwan | $433M | +15% | +38% | 10% | 0.3× | n/a | n/a |
| LCC Projects LCCPROJECT.NS | India | $414M | n/a | +23% | 12% | 1.2× | 8.6% | +43.2% |
| Anhui Transport Consulting & Design Institute 603357.SS | China | $436M | -31% | -39% | 12% | 1.3× | -7.3% | +5.7% |
| Amper AMP.MC | Spain | $437M | -8% | -37% | 7% | 2.2× | n/a | n/a |
| Qilu Expressway 1576.HK | Hong Kong | $412M | -10% | -53% | 29% | 6.6× | 5.5% | +6.3% |
| Kawada Technologies 3443.T | Japan | $411M | -17% | -11% | 8% | 0.5× | -10.4% | -0.1% |
| Symal SYL.AX | Australia | $439M | +2% | +28% | 4% | 0.7× | 14.7% | +17.9% |
| Zhengyuan Geomatics 688509.SS | China | $440M | -16% | -22% | -44% | 7.3× | 30.4% | -19.7% |
| Fujian Tendering 301136.SZ | China | $409M | -39% | -5% | -4% | 3.0× | n/a | n/a |
| Shanxi Installation 2520.HK | Hong Kong | $408M | +25% | -16% | 3% | 1.4× | n/a | n/a |
| Tomoe 1921.T | Japan | $408M | -5% | +3% | 14% | 2.1× | -2.9% | +8.5% |
| Global Dominion Access DOM.MC | Spain | $442M | -16% | -10% | 6% | 0.7× | -7.5% | +0.3% |
| Daiho 1822.T | Japan | $405M | +2% | +1% | 5% | 0.3× | -12.7% | -2.9% |
| Zhong Fu Tong 300560.SZ | China | $405M | -18% | +15% | -1% | 2.8× | n/a | n/a |
| Anhui Gourgen Traffic Construction 603815.SS | China | $404M | -40% | -32% | -29% | 1.4× | n/a | n/a |
| YCIC Eco-Technology 002200.SZ | China | $401M | -22% | +41% | 0% | 3.0× | 34.5% | +14.0% |
| Daiichi Kensetsu 1799.T | Japan | $401M | -16% | +15% | 10% | 0.7× | -6.4% | +1.8% |