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Employees: 1,148
Size Asahi Kogyosha (1975.T) is a Japan Industrials company (Engineering & Construction) with a market value of $537M, the 1026th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,160 on 6 Nov 2026.
Performance Over six months the shares fell 14.8%, against -13.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 17.0% over the last twelve months (peer median +2.6%); the operating margin is 11.2% (peer median 4.7%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 1.3× (4th 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 +8%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.0 points above its cost of capital (11.5% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥107B | ¥105B | ¥91.9B | ¥91.7B | ¥80.2B |
| Revenue growth | — | +14% | 0% | +14% | — |
| Gross profit | ¥22.1B | ¥21.0B | ¥14.9B | ¥11.2B | ¥8.64B |
| EBITDA | ¥12.7B | ¥12.4B | ¥7.88B | ¥5.18B | ¥3.28B |
| Net income | ¥9.40B | ¥9.24B | ¥6.23B | ¥3.71B | ¥2.48B |
| Free cash flow | n/a | ¥8.89B | -¥97.0M | ¥1.86B | -¥1.33B |
| Capital expenditure | n/a | ¥3.97B | ¥1.52B | ¥286M | ¥1.35B |
| Total debt | ¥6.66B | ¥8.29B | ¥3.99B | ¥3.55B | ¥3.36B |
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 | 1975.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.4% | -4.8% | 2nd lowest of 21 |
| 6-month return | -14.8% | -13.9% | 10th lowest of 20 |
| Distance from 52-week high | -35.0% | -31.4% | 10th lowest of 21 |
| Revenue growth (TTM) | +17.0% | +2.6% | 6th highest of 21 |
| Operating margin | 11.2% | 4.7% | 3rd highest of 21 |
| EV / Sales | 0.6× | 1.3× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -3.1% | 0.3% | 4th least demanding of 11 |
| Growth delivered (Del g) | +8.3% | +9.7% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | -11.4 pp | -2.7 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | +14.0 pp | -1.8 pp | 2nd highest of 20 |
| EV / EBITDA | 5.2× | 9.9× | 2nd cheapest of 11 |
| Net debt / EBITDA | -1.5× | 1.6× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Asahi Kogyosha 1975.T | Japan | $537M | -15% | +17% | 11% | 0.6× | -3.1% | +8.3% |
| Guangdong Provincial Academy of Building Research 301632.SZ | China | $537M | -43% | +13% | 7% | 2.2× | n/a | n/a |
| Lycopodium LYL.AX | Australia | $536M | +51% | +12% | 12% | 1.8× | -2.5% | +18.8% |
| Shenzhen Strongteam Decoration Engineering 002989.SZ | China | $540M | -39% | +2% | -29% | 10.2× | n/a | n/a |
| Longjian Road & Bridge 600853.SS | China | $532M | -12% | -10% | 5% | 1.2× | 5.9% | +8.3% |
| Ebro EV Motors EBROM.MC | Spain | $532M | -2% | +336% | 0% | 1.0× | n/a | n/a |
| Super Telecom 603322.SS | China | $531M | -31% | -29% | -3% | 2.7× | 6.7% | +9.5% |
| BES Engineering 2515.TW | Taiwan | $546M | -14% | +1% | 5% | 1.5× | 12.2% | +9.0% |
| Capital Infra Trust CAPINVIT.NS | India | $548M | +13% | +421% | 55% | 5.8× | -4.0% | n/a |
| Zhejiang Reclaim Construction 002586.SZ | China | $523M | -36% | -24% | -3% | 1.5× | n/a | n/a |
| Sinoma Energy Conservation 603126.SS | China | $553M | -26% | +47% | 1% | 1.2× | n/a | n/a |
| Obrascon Huarte Lain OHLA.MC | Spain | $556M | -20% | -3% | 4% | 0.1× | n/a | n/a |
| Yahagi Construction 1870.T | Japan | $557M | -4% | +3% | 7% | 0.5× | -3.5% | +9.7% |
| Fujian Yongfu Power Engineering 300712.SZ | China | $558M | -26% | -16% | -1% | 3.1× | 36.9% | +11.7% |
| Moreld MORLD.OL | Norway | $513M | +34% | -23% | 3% | 0.8× | 0.6% | -23.1% |
| Nyab NYAB.ST | Sweden | $566M | +29% | +21% | 6% | 0.9× | -5.8% | +244.6% |
| Continental 3703.TW | Taiwan | $509M | 0% | +7% | 6% | 1.4× | 0.0% | +9.7% |
| ITG ITG | United States | $568M | n/a | +16% | 7% | 1.2× | n/a | n/a |
| Civmec P9D.SI | Singapore | $570M | -1% | +19% | 9% | 1.0× | n/a | n/a |
| Dayu Irrigation 300021.SZ | China | $506M | -26% | -15% | 4% | 1.4× | n/a | n/a |
| China Haisum Engineering 002116.SZ | China | $573M | -16% | -6% | 5% | 0.2× | n/a | n/a |