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Employees: 768
Size Meisei Industrial (1976.T) is a Japan Industrials company (Engineering & Construction) with a market value of $478M, the 1095th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,604 on 6 Nov 2026.
Performance Over six months the shares fell 12.4%, against -19.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 4.6% over the last twelve months (peer median -0.9%); the operating margin is 12.5% (peer median 2.6%).
Valuation It trades at 0.7× enterprise value to sales against a peer median of 1.8× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -10% 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 7.2 points above its cost of capital (8.2% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥60.1B | ¥60.3B | ¥66.3B | ¥60.4B | ¥55.9B |
| Revenue growth | — | -9% | +10% | +8% | — |
| Gross profit | ¥13.1B | ¥13.1B | ¥15.6B | ¥12.7B | ¥11.5B |
| EBITDA | ¥8.48B | ¥8.66B | ¥11.4B | ¥8.68B | ¥7.40B |
| Net income | ¥5.47B | ¥5.49B | ¥8.46B | ¥6.24B | ¥4.68B |
| Free cash flow | n/a | ¥6.19B | ¥5.10B | ¥5.22B | ¥3.13B |
| Capital expenditure | n/a | ¥463M | ¥2.00B | ¥1.91B | ¥935M |
| Total debt | ¥800M | ¥962M | ¥975M | ¥989M | ¥919M |
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 | 1976.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | -8.8% | 8th highest of 21 |
| 6-month return | -12.4% | -19.1% | 8th highest of 21 |
| Distance from 52-week high | -24.0% | -36.1% | 5th highest of 21 |
| Revenue growth (TTM) | -4.6% | -0.9% | 8th lowest of 21 |
| Operating margin | 12.5% | 2.6% | 4th highest of 21 |
| EV / Sales | 0.7× | 1.8× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -9.6% | 1.1% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +3.6% | +3.4% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -13.2 pp | -2.5 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +7.2 pp | -5.1 pp | 4th highest of 21 |
| EV / EBITDA | 4.6× | 8.0× | 2nd cheapest of 10 |
| Net debt / EBITDA | -4.3× | -1.5× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Meisei Industrial 1976.T | Japan | $478M | -12% | -5% | 13% | 0.7× | -9.6% | +3.6% |
| Concrete Pumping BBCP | United States | $479M | +20% | +7% | 12% | 2.1× | 9.9% | +5.2% |
| TOA ROAD 1882.T | Japan | $479M | -4% | -4% | 5% | 0.5× | -8.4% | +1.6% |
| Shenzhen Glory Medical 002551.SZ | China | $479M | -17% | -3% | -17% | 2.4× | n/a | n/a |
| Poly Union Chemical 002037.SZ | China | $477M | -23% | -11% | -8% | 1.4× | n/a | n/a |
| Hwang Chang General Contractor 2543.TW | Taiwan | $480M | -32% | +31% | 14% | 1.4× | n/a | n/a |
| Fukuda 1899.T | Japan | $483M | +10% | +6% | 6% | 0.2× | -19.9% | -2.0% |
| Chengdu Road & Bridge Engineering 002628.SZ | China | $472M | -24% | +1% | -23% | 5.3× | 24.8% | -16.2% |
| PRAJ Industries PRAJIND.NS | India | $486M | -38% | +2% | 2% | 1.3× | 49.1% | +19.4% |
| Zhengping Road & Bridge Construction 603843.SS | China | $469M | -50% | -15% | -18% | 4.8× | n/a | n/a |
| Shanghai Yanhua Smartech 002178.SZ | China | $492M | -21% | -22% | -5% | 9.1× | n/a | n/a |
| Jiu Han System Technology 6903.TWO | Taiwan | $494M | -40% | +196% | 27% | 2.1× | -3.0% | +11.0% |
| Guizhou Transportation Planning Survey & Design Academe 603458.SS | China | $462M | -14% | -19% | -35% | 2.6× | -0.4% | -13.7% |
| Delpha Construction 2530.TW | Taiwan | $462M | -11% | -59% | 26% | 10.2× | n/a | n/a |
| Polimex - Mostostal PXM.WA | Poland | $462M | -14% | +21% | 4% | 0.3× | 2.2% | +20.7% |
| Hindustan Construction HCC.NS | India | $500M | -26% | -21% | 12% | 1.2× | n/a | n/a |
| Zhongtongguomai Communication 603559.SS | China | $455M | -1% | +1% | -18% | 6.7× | n/a | n/a |
| Tengda Construction 600512.SS | China | $452M | -21% | +32% | -3% | 0.2× | n/a | n/a |
| Dayu Irrigation 300021.SZ | China | $506M | -26% | -15% | 4% | 1.4× | n/a | n/a |
| Hanjia Digital Intelligence Science and Technology 300746.SZ | China | $452M | +7% | -2% | 0% | 3.4× | 47.6% | -10.5% |
| Continental 3703.TW | Taiwan | $509M | 0% | +7% | 6% | 1.4× | 0.0% | +9.7% |