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← CockpitCompetitor Analysis › 1870.T Yahagi Construction Co., Ltd.Open in the cockpit ↗

Yahagi Construction Co., Ltd.1870.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Engineering & Construction
Momentum strong 65
Mkt cap
$557M
US dollars, full cap
Free float
62%
of shares outstanding
$/day
$1.67M
20-day average traded
Fwd P/E
8.8×
forward earnings
ROIC−WACC
+2.8 pp
WACC 8.1%
Hurdle
-13 pp
Req g minus delivered
Next earnings
4 days
10 Nov 2026
Close · JPY¥2,039
1D-3.8%
1W-2.4%
1M-0.3%
3M+8.1%
6M-4.4%
YTD-12.6%
1Y-8.0%
ATR %2.2%
52w lowhigh19.5% off high

What Yahagi Construction does

Employees: 1,491

Yahagi Construction at a glance

Size Yahagi Construction (1870.T) is a Japan Industrials company (Engineering & Construction) with a market value of $557M, the 1007th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,039 on 6 Nov 2026.

Performance Over six months the shares fell 4.4%, against -15.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 19 in its peer set.

Growth Revenue grew 3.0% over the last twelve months (peer median +7.8%); the operating margin is 7.3% (peer median 4.7%).

Valuation It trades at 8.8× forward earnings against a peer median of 13.5× (3rd cheapest of 9).

Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -13 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.8 points above its cost of capital (8.1% WACC).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 20261870.T 96Peer median 84
Six months, rebased to 100: Yahagi Construction against the median of its 20 peers (local-currency closes).

Yahagi Construction financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥160B¥169B¥141B¥120B¥111B
Revenue growth—+20%+17%+8%—
Gross profit¥24.0B¥26.0B¥19.4B¥19.8B¥16.6B
EBITDA¥12.6B¥14.7B¥9.79B¥10.7B¥8.16B
Net income¥8.86B¥8.47B¥5.64B¥6.46B¥4.51B
Free cash flown/a¥8.59B-¥18.0B¥7.83B¥1.47B
Capital expendituren/a¥1.26B¥845M¥2.40B¥2.68B
Total debt¥14.6B¥30.8B¥38.6B¥22.4B¥31.9B

Quarterly statements and history in the cockpit →

Yahagi Construction 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

-50%-25%0%+25%+50%-20%-10%0%+10%300712OHLA603126NYABCAPINVIT2515P9D002116ASY0029891975301632LYL000505600853EBROM6033226886791870.T6-month return →1-month return →
Up and to the right = strong over both horizons. Yahagi Construction is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%20×40×300712NYABITG2515P9D002116ASYLYL1870.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Yahagi Construction is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%0%100%200%300712NYAB2515ASY1975IG1870.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. Yahagi Construction is the large dot.

Yahagi Construction competitors and peer comparison

How Yahagi Construction 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.

Yahagi Construction against its 20 peers (data as of 6 Nov 2026)
Measure1870.TPeer medianRank in peer set
1-month return-0.3%-6.5%7th highest of 21
6-month return-4.4%-15.3%6th highest of 19
Distance from 52-week high-19.5%-33.6%4th highest of 21
Revenue growth (TTM)+3.0%+7.8%10th lowest of 21
Operating margin7.3%4.7%5th highest of 21
Forward P/E8.8×13.5×3rd cheapest of 9
Growth the price implies (Req g, 7 yrs)-3.5%6.3%3rd least demanding of 11
Growth delivered (Del g)+9.7%+9.5%5th highest of 10
Hurdle (Req g minus delivered)-13.2 pp-2.7 pp4th least demanding of 10
ROIC minus cost of capital+2.8 pp-1.8 pp6th highest of 20
EV / EBITDA6.8×11.3×3rd cheapest of 11
Net debt / EBITDA-0.1×1.8×5th least indebted of 13

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
Yahagi Construction 1870.TJapan$557M-4%+3%7%8.8×-3.5%+9.7%
Fujian Yongfu Power Engineering 300712.SZChina$558M-26%-16%-1%43.1×36.9%+11.7%
Obrascon Huarte Lain OHLA.MCSpain$556M-20%-3%4%n/an/an/a
Sinoma Energy Conservation 603126.SSChina$553M-26%+47%1%n/an/an/a
Nyab NYAB.STSweden$566M+29%+21%6%14.2×-5.8%+244.6%
Capital Infra Trust CAPINVIT.NSIndia$548M+13%+421%55%n/a-4.0%n/a
ITG ITGUnited States$568Mn/a+16%7%5.6×n/an/a
BES Engineering 2515.TWTaiwan$546M-14%+1%5%8.4×12.2%+9.0%
Civmec P9D.SISingapore$570M-1%+19%9%13.1×n/an/a
China Haisum Engineering 002116.SZChina$573M-16%-6%5%11.9×n/an/a
Assystem ASY.PAFrance$574M-16%+4%5%15.7×11.1%+8.4%
Shenzhen Strongteam Decoration Engineering 002989.SZChina$540M-39%+2%-29%n/an/an/a
Asahi Kogyosha 1975.TJapan$537M-15%+17%11%n/a-3.1%+8.3%
Guangdong Provincial Academy of Building Research 301632.SZChina$537M-43%+13%7%n/an/an/a
Lycopodium LYL.AXAustralia$536M+51%+12%12%13.9×-2.5%+18.8%
Hainan Jingliang 000505.SZChina$583M-14%-19%-4%n/an/an/a
Longjian Road & Bridge 600853.SSChina$532M-12%-10%5%n/a5.9%+8.3%
Ebro EV Motors EBROM.MCSpain$532M-2%+336%0%n/an/an/a
InstallatorGruppen A/S IG.CODenmark$584Mn/a+51%4%n/a9.1%+50.8%
Super Telecom 603322.SSChina$531M-31%-29%-3%n/a6.7%+9.5%
Anhui Tongyuan Environment Energy Saving 688679.SSChina$586M-43%-17%0%n/an/an/a

Questions

Which companies are Yahagi Construction's closest peers?
The cockpit's peer set: Fujian Yongfu Power Engineering (300712.SZ), Obrascon Huarte Lain (OHLA.MC), Sinoma Energy Conservation (603126.SS), Nyab (NYAB.ST), Capital Infra Trust (CAPINVIT.NS), ITG (ITG), BES Engineering (2515.TW), Civmec (P9D.SI).
Is Yahagi Construction expensive compared with its peers?
On forward p/e it trades at 8.8× against a peer median of 13.5×, 3rd cheapest of 9 in its peer set. For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -13 pp: the price already allows for a slowdown.
How has Yahagi Construction stock performed?
Over six months to 6 Nov 2026 the shares returned -4.4% against -15.3% for the median peer; over one year -8.0%.

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.