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Formerly Hitachi Zosen; builds waste-to-energy plants, water treatment facilities and industrial machinery, no longer builds ships.
Formerly Hitachi Zosen; builds waste-to-energy plants, water treatment facilities and industrial machinery, no longer builds ships.
Books revenue as large plants are built under fixed-price contracts, then earns steadier income from long-term operation and maintenance of the plants it builds, mainly for municipalities. A Swiss subsidiary sells waste-to-energy plants in Europe and beyond, and the company has left shipbuilding behind.
In one line: A waste-to-energy/industrial plant builder like a smaller Covanta combined with heavy mach.
Moat: narrow (process know-how, installed base, regulatory licence). Long incumbency and technical certification in municipal waste-to-energy plant construction.
Headquarters: Osaka, Japan · Founded: 1881 · Employees: 12,666
Size Kanadevia (7004.T) is a Japan Industrials company (Engineering & Construction) with a market value of $979M, the 742nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥916 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -8.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 7.7% over the last twelve months (peer median +9.3%); the operating margin is 2.1% (peer median 7.4%).
Valuation It trades at 6.3× forward earnings against a peer median of 21.7× (cheapest of 19).
Capital Return on invested capital runs 3.1 points below its cost of capital (6.7% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥662B | ¥645B | ¥611B | ¥556B | ¥493B |
| Revenue growth | — | +6% | +10% | +13% | — |
| Gross profit | ¥113B | ¥109B | ¥114B | ¥95.3B | ¥83.4B |
| EBITDA | ¥32.7B | ¥30.4B | ¥40.3B | ¥35.8B | ¥31.0B |
| Net income | ¥14.9B | ¥11.1B | ¥22.1B | ¥19.0B | ¥15.6B |
| Free cash flow | n/a | -¥10.0B | -¥412M | -¥7.29B | ¥21.4B |
| Capital expenditure | n/a | ¥25.3B | ¥28.4B | ¥12.1B | ¥8.64B |
| Total debt | ¥138B | ¥184B | ¥136B | ¥91.4B | ¥86.5B |
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 |
|---|---|---|---|---|---|---|
| Kanadevia 7004.T | $979M | -23% | +8% | 2% | 6.3× | n/a |
| Mitsubishi Heavy Industries 7011.T | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% |
| Jfe 5411.T | $6.66B | +2% | -4% | 2% | 8.4× | 13.2% |
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 | 7004.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.1% | -5.6% | 3rd lowest of 21 |
| 6-month return | -23.3% | -8.5% | 9th lowest of 21 |
| Distance from 52-week high | -39.5% | -28.8% | 7th lowest of 21 |
| Revenue growth (TTM) | +7.7% | +9.3% | 10th lowest of 21 |
| Operating margin | 2.1% | 7.4% | 3rd lowest of 21 |
| Forward P/E | 6.3× | 21.7× | cheapest of 19 |
| ROIC minus cost of capital | -3.1 pp | +0.8 pp | 6th lowest of 19 |
| Net debt / EBITDA | 1.8× | -0.0× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kanadevia 7004.T | Japan | $979M | -23% | +8% | 2% | 6.3× | n/a | n/a |
| RAIZNEXT 6379.T | Japan | $972M | +29% | +13% | 8% | 15.8× | -0.9% | +3.6% |
| Welspun Enterprises WELENT.NS | India | $995M | +29% | +1% | 19% | 22.3× | n/a | n/a |
| JSTI 300284.SZ | China | $963M | -25% | -4% | 1% | 39.1× | 10.5% | -5.4% |
| Acter Technology Integration 603163.SS | China | $997M | -32% | +1% | 11% | 28.4× | 18.6% | +22.2% |
| Yurtec 1934.T | Japan | $998M | -8% | -2% | 8% | 11.0× | -6.2% | +5.1% |
| East China Engineering Science and Technology 002140.SZ | China | $1,000M | -24% | +9% | 7% | 11.6× | 0.3% | +13.9% |
| Rosetti Marino YRM.MI | Italy | $1.01B | -9% | +14% | 7% | 27.6× | n/a | n/a |
| Superloop SLC.AX | Australia | $1.01B | -19% | +22% | 5% | 30.8× | 28.0% | +47.3% |
| Toenec 1946.T | Japan | $1.01B | -32% | +2% | 8% | 7.9× | -2.3% | +4.8% |
| Shenzhen Cheng Chung Design 002811.SZ | China | $949M | +48% | +28% | 13% | n/a | 9.1% | -6.2% |
| Guangzhou Metro Design & Research Institute 003013.SZ | China | $1.01B | +9% | -8% | 15% | 21.1× | n/a | n/a |
| Jiangsu Libert 605167.SS | China | $1.02B | -24% | -29% | 8% | 28.6× | n/a | n/a |
| KEC International KEC.NS | India | $939M | -46% | -2% | 5% | 13.3× | n/a | n/a |
| YIT YIT.HE | Finland | $938M | +45% | +10% | 3% | 75.2× | 12.8% | -10.6% |
| Raito Kogyo 1926.T | Japan | $928M | -5% | +9% | 13% | 11.6× | -8.0% | +5.2% |
| Galliford Try GFRD.L | United Kingdom | $925M | +31% | +3% | 3% | 14.5× | -0.8% | +11.4% |
| Sentia SNTIA.OL | Norway | $924M | +8% | +15% | 5% | 14.3× | -11.1% | +4.2% |
| LS Marine Solution 060370.KS | South Korea | $924M | -35% | +21% | 6% | 55.0× | n/a | n/a |
| HuaDian Heavy Industries 601226.SS | China | $1.04B | -32% | +18% | 2% | 29.5× | 18.2% | +3.2% |
| Hubei Chutian Smart Communication 600035.SS | China | $918M | -1% | +34% | 9% | n/a | n/a | n/a |