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Electrical construction group affiliated with Kyushu Electric Power, renamed from Kyudenko Corporation in 2025.
Electrical construction group affiliated with Kyushu Electric Power, renamed from Kyudenko Corporation in 2025.
Wins contracts for electrical work, from power-line and substation construction for the utility to building electrical and air-conditioning for commercial clients and fibre for telecom carriers, recognising revenue as work progresses. Its tie to Kyushu Electric Power gives a steady base of grid work.
In one line: A regional electrical-utility construction contractor, no direct US listed peer.
Moat: narrow (customer qualification, installed base). Long-standing captive relationship with Kyushu Electric Power for grid construction work.
Headquarters: Fukuoka, Japan · Founded: 1944 · Employees: 11,122
Size Kraftia (1959.T) is a Japan Industrials company (Engineering & Construction) with a market value of $3.10B, the 358th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥6,894 on 6 Nov 2026.
Performance Over six months the shares fell 28.7%, against -14.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +3.8%); the operating margin is 12.3% (peer median 4.7%).
Valuation It trades at 10.8× forward earnings against a peer median of 13.0× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.7 points above its cost of capital (9.3% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥487B | ¥476B | ¥474B | ¥469B | ¥396B |
| Revenue growth | — | 0% | +1% | +19% | — |
| Gross profit | ¥99.4B | ¥87.1B | ¥70.7B | ¥64.6B | ¥57.9B |
| EBITDA | n/a | ¥61.4B | ¥47.7B | ¥44.2B | ¥38.4B |
| Net income | ¥46.5B | ¥40.1B | ¥28.9B | ¥28.0B | ¥26.3B |
| Free cash flow | n/a | ¥7.21B | ¥4.80B | ¥42.0B | ¥14.3B |
| Capital expenditure | n/a | ¥5.12B | ¥3.85B | ¥2.02B | ¥3.07B |
| Total debt | ¥29.0B | ¥31.3B | ¥23.7B | ¥36.5B | ¥37.6B |
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 |
|---|---|---|---|---|---|---|
| Kraftia 1959.T | $3.10B | -29% | +5% | 12% | 10.8× | 2.8% |
| Comsys 1721.T | $3.55B | -15% | +4% | 8% | 13.3× | -0.7% |
| Toenec 1946.T | $1.01B | -32% | +2% | 8% | 7.9× | -2.3% |
| Yurtec 1934.T | $998M | -8% | -2% | 8% | 11.0× | -6.2% |
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 | 1959.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.8% | -2.2% | 4th lowest of 21 |
| 6-month return | -28.7% | -14.3% | 5th lowest of 21 |
| Distance from 52-week high | -34.8% | -26.9% | 4th lowest of 21 |
| Revenue growth (TTM) | +5.3% | +3.8% | 9th highest of 21 |
| Operating margin | 12.3% | 4.7% | 3rd highest of 21 |
| Forward P/E | 10.8× | 13.0× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 2.8% | 1.4% | 9th least demanding of 17 |
| Growth delivered (Del g) | +4.0% | +8.4% | 7th lowest of 17 |
| Hurdle (Req g minus delivered) | -1.2 pp | -8.3 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | +2.7 pp | +2.0 pp | 9th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kraftia 1959.T | Japan | $3.10B | -29% | +5% | 12% | 10.8× | 2.8% | +4.0% |
| Veidekke VEI.OL | Norway | $3.13B | +25% | +8% | 5% | 17.1× | -3.5% | +2.5% |
| SINOPEC Engineering (Group) 2386.HK | Hong Kong | $3.05B | -13% | +14% | 2% | 9.0× | n/a | n/a |
| Sinoma International Engineering 600970.SS | China | $3.15B | -14% | +3% | 5% | 9.2× | -8.3% | +10.3% |
| Legence LGN | United States | $3.02B | -72% | +69% | 3% | 12.2× | 29.7% | +69.2% |
| China Communications Services 0552.HK | Hong Kong | $3.19B | -19% | 0% | 2% | 5.7× | n/a | n/a |
| Bravida BRAV.ST | Sweden | $3.00B | +30% | +4% | 6% | 19.0× | 5.3% | +5.9% |
| Downer EDI DOW.AX | Australia | $3.21B | -6% | -7% | 4% | 15.8× | 11.1% | -3.4% |
| L&K Engineering (Suzhou) 603929.SS | China | $2.99B | -50% | +43% | 25% | 14.8× | 7.5% | +39.5% |
| Ventia Services VNT.AX | Australia | $3.24B | -2% | -1% | 7% | 16.1× | -1.4% | +13.7% |
| ACME Solar ACMESOLAR.NS | India | $2.95B | +32% | +54% | 66% | 29.6× | n/a | n/a |
| Jgc 1963.T | Japan | $2.94B | -18% | -15% | 6% | 10.0× | n/a | n/a |
| Shanghai Construction 600170.SS | China | $2.89B | -20% | -22% | 1% | 16.7× | -10.4% | -2.3% |
| EXEO 1951.T | Japan | $2.84B | -22% | +18% | 7% | 12.2× | -5.0% | +6.6% |
| Worley WOR.AX | Australia | $3.39B | -16% | -5% | 4% | 12.6× | 5.2% | +2.3% |
| Peab PEAB-B.ST | Sweden | $2.80B | +5% | +4% | 4% | 11.4× | 6.6% | -0.4% |
| Alten ATE.PA | France | $3.43B | +43% | 0% | 8% | 11.4× | 3.5% | +11.9% |
| Morgan Sindall MGNS.L | United Kingdom | $2.77B | -7% | +11% | 5% | 11.7× | -4.7% | +10.6% |
| Elecnor ENO.MC | Spain | $2.76B | -30% | +7% | 4% | 17.0× | -4.9% | +12.3% |
| Primoris Services PRIM | United States | $3.52B | -38% | -5% | 3% | 13.7× | 22.8% | +16.8% |
| Comsys 1721.T | Japan | $3.55B | -15% | +4% | 8% | 13.3× | -0.7% | +2.3% |