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Employees: 689
Size Shinnihon (1879.T) is a Japan Industrials company (Engineering & Construction) with a market value of $759M, the 864th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,047 on 6 Nov 2026.
Performance Over six months the shares gained 6.2%, against -16.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 7.3% over the last twelve months (peer median +10.2%); the operating margin is 14.1% (peer median 9.1%).
Valuation It trades at 0.3× enterprise value to sales against a peer median of 1.1× (2nd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -21% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -28 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.2 points above its cost of capital (8.6% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥146B | ¥138B | ¥132B | ¥134B | ¥114B |
| Revenue growth | — | +5% | -1% | +17% | — |
| Gross profit | ¥25.9B | ¥25.6B | ¥23.6B | ¥22.9B | ¥22.4B |
| EBITDA | ¥21.1B | ¥20.9B | ¥18.7B | ¥17.9B | ¥17.6B |
| Net income | ¥15.3B | ¥15.2B | ¥12.8B | ¥12.3B | ¥12.0B |
| Free cash flow | n/a | ¥16.7B | ¥2.29B | ¥11.5B | ¥10.5B |
| Capital expenditure | n/a | ¥551M | ¥430M | ¥228M | ¥168M |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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 | 1879.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | -5.9% | 11th highest of 21 |
| 6-month return | +6.2% | -16.8% | 2nd highest of 20 |
| Distance from 52-week high | -14.3% | -33.1% | 4th highest of 21 |
| Revenue growth (TTM) | +7.3% | +10.2% | 10th lowest of 21 |
| Operating margin | 14.1% | 9.1% | 5th highest of 21 |
| EV / Sales | 0.3× | 1.1× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -21.3% | 4.2% | least demanding of 13 |
| Growth delivered (Del g) | +6.3% | +6.4% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | -27.6 pp | -4.0 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | +14.2 pp | -2.1 pp | 2nd highest of 20 |
| EV / EBITDA | 2.2× | 10.3× | cheapest of 11 |
| Net debt / EBITDA | -3.5× | 0.9× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shinnihon 1879.T | Japan | $759M | +6% | +7% | 14% | 0.3× | -21.3% | +6.3% |
| Power Mech Projects POWERMECH.NS | India | $761M | -12% | +16% | 10% | 1.1× | n/a | n/a |
| GMR Power and Urban Infra GMRP&UI.NS | India | $763M | -17% | +4% | 14% | 2.4× | n/a | n/a |
| Southern Cross Electrical Engineering SXE.AX | Australia | $755M | -14% | -10% | 9% | 1.2× | -4.8% | +14.2% |
| FDC Consolidated FDC.AX | Australia | $763M | n/a | +13% | -1% | 0.4× | -6.2% | +12.9% |
| Hibiya Engineering,Ltd 1982.T | Japan | $753M | -8% | +2% | 12% | 1.0× | -3.4% | +5.2% |
| Hj Shipbuilding & Construction 097230.KS | South Korea | $752M | -61% | +27% | 6% | 0.6× | n/a | n/a |
| Suzhou West Deane New Power Electric 603312.SS | China | $750M | -18% | -8% | 9% | 1.7× | 7.1% | +62.0% |
| ISGEC Heavy Engineering ISGEC.NS | India | $746M | -11% | +21% | 6% | 1.0× | 22.1% | +5.0% |
| Bowman Consulting BWMN | United States | $745M | -19% | +14% | 5% | 1.9× | 30.3% | +32.1% |
| Shanghai Pudong Construction 600284.SS | China | $739M | -28% | -17% | 1% | 0.0× | n/a | n/a |
| G R Infraprojects GRINFRA.NS | India | $803M | -21% | +25% | 16% | 0.8× | n/a | n/a |
| Shenzhen Investment Holdings Bay Area Development 0737.HK | Hong Kong | $803M | -4% | +11% | 30% | 13.3× | 14.6% | -2.4% |
| Shin Nippon Air Technologies 1952.T | Japan | $803M | -25% | +11% | 9% | 0.7× | 1.3% | +7.6% |
| Ceigall India CEIGALL.NS | India | $708M | +5% | +20% | 13% | 1.6× | n/a | n/a |
| Shanghai CDXJ Digital Technology 603887.SS | China | $705M | -49% | +79% | 3% | 1.8× | n/a | n/a |
| Shanghai Research Institute of Building Sciences 603153.SS | China | $820M | -22% | +10% | 8% | 0.9× | -6.2% | +12.6% |
| Anhui Orivie Technology 300692.SZ | China | $702M | -7% | -6% | 21% | 7.5× | 10.9% | +0.1% |
| United Testing Inspection And Certification Technology 301115.SZ | China | $702M | +22% | +5% | -1% | 3.0× | n/a | n/a |
| Chongqing Road & Bridge 600106.SS | China | $821M | -31% | -10% | 65% | 50.3× | 32.7% | -11.6% |
| Zhejiang Yasha Decoration 002375.SZ | China | $695M | -16% | -25% | 6% | 0.7× | -0.2% | -3.3% |