Employees: 967
Size Hibiya Engineering,Ltd (1982.T) is a Japan Industrials company (Engineering & Construction) with a market value of $753M, the 869th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,775 on 6 Nov 2026.
Performance Over six months the shares fell 7.8%, against -15.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 1.7% over the last twelve months (peer median +11.1%); the operating margin is 12.1% (peer median 8.6%).
Valuation It trades at 11.4× forward earnings against a peer median of 15.4× (5th cheapest of 13).
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 +5%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.1 points above its cost of capital (8.5% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥92.8B | ¥94.1B | ¥89.8B | ¥83.8B | ¥84.0B |
| Revenue growth | — | +5% | +7% | 0% | — |
| Gross profit | ¥21.9B | ¥20.9B | ¥17.1B | ¥14.8B | ¥15.0B |
| EBITDA | ¥11.5B | ¥10.9B | ¥7.71B | ¥5.95B | ¥6.14B |
| Net income | ¥9.06B | ¥8.68B | ¥5.91B | ¥4.80B | ¥4.64B |
| Free cash flow | n/a | ¥11.5B | -¥847M | ¥3.92B | ¥911M |
| Capital expenditure | n/a | ¥266M | ¥313M | ¥306M | ¥365M |
| Total debt | ¥3.69B | ¥14.0M | ¥17.0M | ¥7.00M | ¥13.0M |
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| Measure | 1982.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.3% | -4.8% | 6th lowest of 21 |
| 6-month return | -7.8% | -15.8% | 7th highest of 20 |
| Distance from 52-week high | -20.4% | -32.0% | 7th highest of 21 |
| Revenue growth (TTM) | +1.7% | +11.1% | 6th lowest of 21 |
| Operating margin | 12.1% | 8.6% | 7th highest of 21 |
| Forward P/E | 11.4× | 15.4× | 5th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -3.4% | 0.6% | 6th least demanding of 13 |
| Growth delivered (Del g) | +5.2% | +7.8% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | -8.6 pp | -12.4 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | +9.1 pp | -0.2 pp | 4th highest of 20 |
| EV / EBITDA | 7.8× | 10.3× | 4th cheapest of 12 |
| Net debt / EBITDA | -2.6× | 0.3× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hibiya Engineering,Ltd 1982.T | Japan | $753M | -8% | +2% | 12% | 11.4× | -3.4% | +5.2% |
| Hj Shipbuilding & Construction 097230.KS | South Korea | $752M | -61% | +27% | 6% | 5.7× | n/a | n/a |
| Southern Cross Electrical Engineering SXE.AX | Australia | $755M | -14% | -10% | 9% | 16.9× | -4.8% | +14.2% |
| Suzhou West Deane New Power Electric 603312.SS | China | $750M | -18% | -8% | 9% | 20.2× | 7.1% | +62.0% |
| Shinnihon 1879.T | Japan | $759M | +6% | +7% | 14% | n/a | -21.3% | +6.3% |
| ISGEC Heavy Engineering ISGEC.NS | India | $746M | -11% | +21% | 6% | n/a | 22.1% | +5.0% |
| Power Mech Projects POWERMECH.NS | India | $761M | -12% | +16% | 10% | 16.1× | n/a | n/a |
| Bowman Consulting BWMN | United States | $745M | -19% | +14% | 5% | 18.8× | 30.3% | +32.1% |
| GMR Power and Urban Infra GMRP&UI.NS | India | $763M | -17% | +4% | 14% | 14.6× | n/a | n/a |
| FDC Consolidated FDC.AX | Australia | $763M | n/a | +13% | -1% | 13.9× | -6.2% | +12.9% |
| Shanghai Pudong Construction 600284.SS | China | $739M | -28% | -17% | 1% | n/a | n/a | n/a |
| Ceigall India CEIGALL.NS | India | $708M | +5% | +20% | 13% | 18.5× | n/a | n/a |
| G R Infraprojects GRINFRA.NS | India | $803M | -21% | +25% | 16% | 8.9× | n/a | n/a |
| Shenzhen Investment Holdings Bay Area Development 0737.HK | Hong Kong | $803M | -4% | +11% | 30% | 8.9× | 14.6% | -2.4% |
| Shin Nippon Air Technologies 1952.T | Japan | $803M | -25% | +11% | 9% | 8.7× | 1.3% | +7.6% |
| Shanghai CDXJ Digital Technology 603887.SS | China | $705M | -49% | +79% | 3% | n/a | n/a | n/a |
| Anhui Orivie Technology 300692.SZ | China | $702M | -7% | -6% | 21% | n/a | 10.9% | +0.1% |
| United Testing Inspection And Certification Technology 301115.SZ | China | $702M | +22% | +5% | -1% | 135.5× | n/a | n/a |
| Zhejiang Yasha Decoration 002375.SZ | China | $695M | -16% | -25% | 6% | n/a | -0.2% | -3.3% |
| Da-Cin Construction 2535.TW | Taiwan | $693M | +23% | +36% | 8% | n/a | -10.6% | +7.9% |
| Shanghai Research Institute of Building Sciences 603153.SS | China | $820M | -22% | +10% | 8% | n/a | -6.2% | +12.6% |