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Electrical construction contractor affiliated with Chugoku Electric Power, building power lines, substations and building electrical systems.
Electrical construction contractor affiliated with Chugoku Electric Power, building power lines, substations and building electrical systems.
Earns contract revenue on construction jobs, booked as work progresses. Chugoku Electric Power is a long-standing client whose grid work provides a stable base, while building electrical and air-conditioning work for developers moves with commercial construction cycles.
Moat: narrow (customer qualification, installed base). Long-standing captive relationship with Chugoku Electric Power for grid construction work.
Headquarters: Hiroshima, Japan · Founded: 1948 · Employees: 4,697
Size Chudenko (1941.T) is a Japan Industrials company (Engineering & Construction) with a market value of $1.71B, the 529th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,895 on 6 Nov 2026.
Performance Over six months the shares gained 2.7%, against -7.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median -2.0%); the operating margin is 12.1% (peer median 5.3%).
Valuation It trades at 11.0× forward earnings against a peer median of 16.3× (5th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (6.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥238B | ¥228B | ¥222B | ¥201B | ¥189B |
| Revenue growth | — | +3% | +10% | +6% | — |
| Gross profit | ¥51.3B | ¥44.8B | ¥38.9B | ¥28.5B | ¥24.0B |
| EBITDA | n/a | ¥30.7B | ¥26.0B | ¥15.9B | ¥12.0B |
| Net income | ¥20.0B | ¥18.5B | ¥19.9B | ¥7.94B | -¥6.91B |
| Free cash flow | n/a | ¥24.6B | ¥17.2B | ¥10.3B | ¥2.10B |
| Capital expenditure | n/a | ¥4.54B | ¥5.53B | ¥3.38B | ¥4.08B |
| Total debt | ¥11.1B | ¥688M | ¥480M | ¥322M | ¥382M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Chudenko 1941.T | $1.71B | +3% | +9% | 12% | 11.0× | -8.6% |
| Toenec 1946.T | $1.01B | -32% | +2% | 8% | 7.9× | -2.3% |
| Yurtec 1934.T | $998M | -8% | -2% | 8% | 11.0× | -6.2% |
| Comsys 1721.T | $3.55B | -15% | +4% | 8% | 13.3× | -0.7% |
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 | 1941.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.6% | -0.8% | 9th lowest of 21 |
| 6-month return | +2.7% | -7.2% | 9th highest of 21 |
| Distance from 52-week high | -14.4% | -26.9% | 6th highest of 21 |
| Revenue growth (TTM) | +8.7% | -2.0% | 7th highest of 21 |
| Operating margin | 12.1% | 5.3% | 6th highest of 21 |
| Forward P/E | 11.0× | 16.3× | 5th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -8.6% | 4.1% | least demanding of 15 |
| Growth delivered (Del g) | +4.3% | +5.0% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -12.9 pp | -6.0 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | +3.4 pp | +1.0 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chudenko 1941.T | Japan | $1.71B | +3% | +9% | 12% | 11.0× | -8.6% | +4.3% |
| China Aluminum International Engineering 2068.HK | Hong Kong | $1.71B | -39% | -6% | 4% | 13.3× | 11.9% | -0.6% |
| Burkhalter BRKN.SW | Switzerland | $1.71B | -27% | -2% | 6% | 21.5× | -1.3% | +19.0% |
| SHO BOND 1414.T | Japan | $1.71B | -6% | -2% | 23% | 16.3× | -7.5% | +2.2% |
| NCC NCC-A.ST | Sweden | $1.69B | -3% | -17% | 3% | 22.2× | -1.6% | +0.7% |
| Tasmea TEA.AX | Australia | $1.73B | +49% | +136% | 8% | 18.9× | 4.6% | +59.3% |
| Envision Greenwise 1783.HK | Hong Kong | $1.68B | +38% | +183% | 3% | n/a | n/a | n/a |
| Suzhou Gold Mantis Construction and Decoration 002081.SZ | China | $1.74B | -25% | -8% | 3% | 29.6× | 12.2% | -11.1% |
| Engineers India ENGINERSIN.NS | India | $1.74B | +12% | +6% | 20% | 25.2× | 29.6% | +4.6% |
| Kier KIE.L | United Kingdom | $1.75B | +53% | +7% | 3% | 12.7× | -6.3% | +5.9% |
| Japan Elevator Service 6544.T | Japan | $1.65B | -9% | +17% | 19% | 29.3× | 4.0% | +18.6% |
| Shandong Hi-speed Road&bridge 000498.SZ | China | $1.65B | +20% | -9% | 7% | 4.9× | n/a | n/a |
| Guangdong Construction Engineering 002060.SZ | China | $1.79B | -15% | -11% | 3% | 8.0× | n/a | n/a |
| Badger Infrastructure Solutions BDGI.TO | Canada | $1.80B | -10% | +16% | 8% | 19.2× | 21.0% | +15.8% |
| Implenia IMPN.SW | Switzerland | $1.61B | +12% | -8% | 2% | 15.0× | 6.0% | -2.7% |
| China Next-Gen Commerce and Supply Chain 3928.HK | Hong Kong | $1.81B | +47% | -26% | -17% | n/a | n/a | n/a |
| Mega Union Technology 6944.TW | Taiwan | $1.82B | -17% | +60% | 21% | 14.1× | -4.0% | +30.2% |
| MIRAIT ONE 1417.T | Japan | $1.60B | -24% | +5% | 6% | 10.4× | -5.7% | +5.4% |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 40.3× | n/a | n/a |
| Zhejiang Youpon Integrated Ceiling 002718.SZ | China | $1.58B | +12% | -18% | -5% | n/a | n/a | n/a |
| Beijing Enterprises Water 0371.HK | Hong Kong | $1.86B | -48% | -5% | 24% | 9.5× | 4.2% | -1.2% |