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Employees: 1,399
Size Raito Kogyo (1926.T) is a Japan Industrials company (Engineering & Construction) with a market value of $928M, the 764th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,880 on 6 Nov 2026.
Performance Over six months the shares fell 4.7%, against +1.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 9.2% over the last twelve months (peer median +8.1%); the operating margin is 12.8% (peer median 5.3%).
Valuation It trades at 11.6× forward earnings against a peer median of 16.1× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.3 points above its cost of capital (6.7% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥138B | ¥139B | ¥121B | ¥117B | ¥115B |
| Revenue growth | — | +15% | +4% | +2% | — |
| Gross profit | ¥31.0B | ¥30.3B | ¥25.1B | ¥23.2B | ¥23.9B |
| EBITDA | ¥20.9B | ¥20.3B | ¥15.9B | ¥14.1B | ¥15.2B |
| Net income | ¥12.8B | ¥12.5B | ¥9.92B | ¥8.18B | ¥9.49B |
| Free cash flow | n/a | ¥10.4B | ¥5.63B | ¥10.6B | ¥1.81B |
| Capital expenditure | n/a | ¥3.32B | ¥4.77B | ¥4.11B | ¥3.03B |
| Total debt | ¥1.81B | ¥1.98B | ¥1.66B | ¥1.64B | ¥1.85B |
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 | 1926.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.9% | -7.3% | 4th highest of 21 |
| 6-month return | -4.7% | +1.7% | 10th lowest of 21 |
| Distance from 52-week high | -11.4% | -26.5% | 6th highest of 21 |
| Revenue growth (TTM) | +9.2% | +8.1% | 10th highest of 21 |
| Operating margin | 12.8% | 5.3% | 2nd highest of 21 |
| Forward P/E | 11.6× | 16.1× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -8.0% | 4.6% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +5.2% | +3.9% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -13.2 pp | +3.4 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | +13.3 pp | -2.1 pp | 4th highest of 18 |
| EV / EBITDA | 5.9× | 9.1× | cheapest of 10 |
| Net debt / EBITDA | -1.2× | -0.4× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Raito Kogyo 1926.T | Japan | $928M | -5% | +9% | 13% | 11.6× | -8.0% | +5.2% |
| Galliford Try GFRD.L | United Kingdom | $925M | +31% | +3% | 3% | 14.5× | -0.8% | +11.4% |
| Sentia SNTIA.OL | Norway | $924M | +8% | +15% | 5% | 14.3× | -11.1% | +4.2% |
| LS Marine Solution 060370.KS | South Korea | $924M | -35% | +21% | 6% | 55.0× | n/a | n/a |
| YIT YIT.HE | Finland | $938M | +45% | +10% | 3% | 75.2× | 12.8% | -10.6% |
| Hubei Chutian Smart Communication 600035.SS | China | $918M | -1% | +34% | 9% | n/a | n/a | n/a |
| KEC International KEC.NS | India | $939M | -46% | -2% | 5% | 13.3× | n/a | n/a |
| Shanghai Geoharbour Construction 605598.SS | China | $913M | -48% | +9% | -3% | 541.7× | n/a | n/a |
| Shenzhen Cheng Chung Design 002811.SZ | China | $949M | +48% | +28% | 13% | n/a | 9.1% | -6.2% |
| GRK Infra GRK.HE | Finland | $903M | +30% | -7% | 8% | 10.0× | -1.5% | +24.6% |
| I.CO.P ICOP.MI | Italy | $901M | -6% | +138% | 11% | 17.1× | n/a | n/a |
| Taihei Dengyo Kaisha 1968.T | Japan | $899M | -22% | +19% | 11% | 11.2× | n/a | n/a |
| JSTI 300284.SZ | China | $963M | -25% | -4% | 1% | 39.1× | 10.5% | -5.4% |
| GR Engineering Services GNG.AX | Australia | $891M | +40% | +3% | 11% | 18.3× | 14.9% | +4.7% |
| Costain COST.L | United Kingdom | $890M | +30% | -6% | 5% | 16.5× | 0.1% | +1.3% |
| RAIZNEXT 6379.T | Japan | $972M | +29% | +13% | 8% | 15.8× | -0.9% | +3.6% |
| Ningbo Construction 601789.SS | China | $885M | -34% | +10% | 2% | n/a | n/a | n/a |
| Shenzhen Tagen 000090.SZ | China | $883M | -11% | +1% | 0% | 7.7× | 13.8% | +5.6% |
| Kanadevia 7004.T | Japan | $979M | -23% | +8% | 2% | 6.3× | n/a | n/a |
| Shanghai Urban Architecture Design 300983.SZ | China | $866M | +5% | -7% | -58% | n/a | n/a | n/a |
| Welspun Enterprises WELENT.NS | India | $995M | +29% | +1% | 19% | 22.3× | n/a | n/a |