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← CockpitCompetitor Analysis › 6366.T Chiyoda Corp.Open in the cockpit ↗

Chiyoda Corp.6366.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Engineering & Construction

Japanese engineering, procurement and construction contractor specializing in LNG and oil & gas plants worldwide.

≈ Japan's Fluor/KBR, LNG-plant focusedMomentum weak 25
Mkt cap
$1.07B
US dollars, full cap
Free float
58%
of shares outstanding
$/day
$16.3M
20-day average traded
Fwd P/E
6.7×
forward earnings
ROIC−WACC
n/a
WACC 9.5%
Hurdle
n/a
no reverse DCF
Next earnings
89 days
3 Feb 2027
Close · JPY¥654
1D-4.8%
1W+7.6%
1M-3.1%
3M+0.8%
6M-35.3%
YTD-11.0%
1Y+54.6%
ATR %5.3%
52w lowhigh64.3% off high

What Chiyoda does

Japanese engineering, procurement and construction contractor specializing in LNG and oil & gas plants worldwide.

Is paid under large engineering, procurement and construction contracts, often fixed in price, so results depend on finishing complex plants within budget and a few big LNG jobs can dominate a year. Cost overruns on earlier large overseas projects have weighed on results.

In one line: Japan's Fluor/KBR, LNG-plant focused.

Products and services

  • LNG plant EPC
  • Oil & gas/refinery plant EPC
  • Hydrogen/ammonia plant EPC

Customers

  • National/international oil & gas companies
  • Petrochemical producers

Where it sits in the supply chain

  • Engineering & construction
  • Plant EPC
  • LNG, refinery, petrochemical plants

What could go right

  • Global LNG capacity buildout
  • Energy transition projects

What could go wrong

  • Lumpy project timing/cost overrun risk
  • Oil & gas capex cyclicality

Moat: narrow (process know-how, customer qualification, scale). Decades of large-scale LNG EPC execution track record versus a handful of global rivals.

Headquarters: Yokohama, Japan · Founded: 1948 · Employees: 3,489

Named competitors

Chiyoda at a glance

Size Chiyoda (6366.T) is a Japan Industrials company (Engineering & Construction) with a market value of $1.07B, the 703rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥654 on 6 Nov 2026.

Performance Over six months the shares fell 35.3%, against -21.2% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 15.9% over the last twelve months (peer median +7.9%); the operating margin is 17.2% (peer median 6.9%).

Valuation It trades at 6.7× forward earnings against a peer median of 18.4× (3rd cheapest of 18).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 796366.T 64
Six months, rebased to 100: Chiyoda against the median of its 20 peers (local-currency closes).

Chiyoda financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥480B¥494B¥457B¥506B¥430B
Revenue growth—+8%-10%+18%—
Gross profit¥101B¥101B¥42.3B-¥157M¥32.7B
EBITDA¥85.9B¥85.4B¥28.2B-¥11.6B¥21.3B
Net income¥85.1B¥84.7B¥27.0B-¥15.8B¥15.2B
Free cash flown/a¥39.1B¥56.0B¥45.7B¥59.8B
Capital expendituren/a¥2.35B¥4.02B¥3.89B¥2.78B
Total debt¥1.80B¥24.4B¥25.0B¥25.5B¥31.3B

Quarterly statements and history in the cockpit →

Chiyoda competitor charts

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.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%+10%600502IRCONNCH21885FUR601226NORBT294870605287301179605167NORCO003013TECHNOE1946INSTALSLCAMRCYRMRNWH6366.T6-month return →1-month return →
Up and to the right = strong over both horizons. Chiyoda is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%10×20×30×600502IRCON1885601226NORBT294870301179605167NORCO003013TECHNOE1946INSTALSLCAMRCYRM6366.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Chiyoda is the large dot.

Chiyoda competitors and peer comparison

Head to head with its named competitors (6366.T vs 1963.T vs FLR vs KBR)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Chiyoda 6366.T$1.07B-35%+16%17%6.7×n/a
Jgc 1963.T$2.94B-18%-15%6%10.0×n/a
Fluor FLR$6.22B+7%-5%-2%14.2×n/a
KBR KBR$4.69B+14%-3%9%9.5×-8.7%

How Chiyoda compares with its peers

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.

Chiyoda against its 20 peers (data as of 6 Nov 2026)
Measure6366.TPeer medianRank in peer set
1-month return-3.1%-0.9%10th lowest of 21
6-month return-35.3%-21.2%lowest of 21
Distance from 52-week high-64.3%-33.4%lowest of 21
Revenue growth (TTM)+15.9%+7.9%6th highest of 21
Operating margin17.2%6.9%2nd highest of 21
Forward P/E6.7×18.4×3rd cheapest of 18
Net debt / EBITDA-3.5×0.9×2nd least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Chiyoda 6366.TJapan$1.07B-35%+16%17%6.7×n/an/a
Anhui Construction Engineering 600502.SSChina$1.07B-23%-4%6%4.6×n/an/a
IRCON International IRCON.NSIndia$1.08B-33%-3%7%15.4×n/an/a
thyssenkrupp nucera AG & Co. KGaA NCH2.DEGermany$1.09B-13%-42%-13%n/an/an/a
Toa Corporation (Construction) 1885.TJapan$1.06B-29%+2%7%9.1×-12.2%+13.6%
Fugro FUR.ASNetherlands$1.06B-29%-11%3%n/an/an/a
HuaDian Heavy Industries 601226.SSChina$1.04B-32%+18%2%29.5×18.2%+3.2%
Norbit NORBT.OLNorway$1.12B-28%+34%22%21.1×-5.3%+32.2%
IPARK Hyundai Development 294870.KSSouth Korea$1.12B+4%-13%11%4.2×n/an/a
Decai Decoration 605287.SSChina$1.12B-3%+17%5%n/a25.3%-5.4%
Jiangsu Zeyu Intelligent Electric Power 301179.SZChina$1.13B-20%+8%8%32.1×24.8%+15.4%
Jiangsu Libert 605167.SSChina$1.02B-24%-29%8%28.6×n/an/a
Norconsult NORCO.OLNorway$1.14B+2%+13%7%15.7×-5.9%+10.6%
Guangzhou Metro Design & Research Institute 003013.SZChina$1.01B+9%-8%15%21.1×n/an/a
Techno Electric & Engineering TECHNOE.NSIndia$1.14B-28%+39%13%18.8×n/an/a
Toenec 1946.TJapan$1.01B-32%+2%8%7.9×-2.3%+4.8%
Instalco INSTAL.STSweden$1.15B+9%+9%5%18.4×10.9%+13.8%
Superloop SLC.AXAustralia$1.01B-19%+22%5%30.8×28.0%+47.3%
Ameresco AMRCUnited States$1.15B-28%+9%7%15.6×n/an/a
Rosetti Marino YRM.MIItaly$1.01B-9%+14%7%27.6×n/an/a
Renew RNWH.LUnited Kingdom$1.15B+19%+8%6%15.3×7.7%+11.7%

Questions

Who are Chiyoda's main competitors?
Named competitors: JGC Holdings (1963.T), Fluor (FLR), KBR (KBR). The cockpit's measured peer set (industry) also includes Anhui Construction Engineering (600502.SS), IRCON International (IRCON.NS), thyssenkrupp nucera AG & Co. KGaA (NCH2.DE), Toa Corporation (Construction) (1885.T), Fugro (FUR.AS), HuaDian Heavy Industries (601226.SS).
Is Chiyoda expensive compared with its peers?
On forward p/e it trades at 6.7× against a peer median of 18.4×, 3rd cheapest of 18 in its peer set.
How has Chiyoda stock performed?
Over six months to 6 Nov 2026 the shares returned -35.3% against -21.2% for the median peer; over one year +54.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.