Overview
Construction

DAIICHI KENSETSU CORPORATION

Daiichi Kensetsu Kogyo is a construction and real estate company headquartered in Niigata, Japan, originally established to undertake railway civil engineering and construction works. The company's core construction business covers civil engineering and architectural projects, with East Japan Railway Company (JR East) serving as a major client, alongside two subsidiaries—Hometech Asahi Co., Ltd. and Civil Asahi Co., Ltd.—handling smaller-scale construction works. The company also operates a real estate business encompassing property leasing and brokerage through the parent company and Hometech Asahi.

Market Cap
¥60.1B
US$383M
EV
¥29.6B
US$189M
Stock¥3,395▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.2
x
LTM EV/EBIT
4.3
x
LTM PER
11.5
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.4%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 12, 26Profit-taking after earnings release
2Feb 24, 26Rise on major new contract announcement
MC → EV Bridge
60.1BUS$383MMarket Cap0.00BUS$0.00M+ Debt19.2BUS$123M− Cash11.3BUS$72.2M− Inv. Sec.29.6BUS$189MEV
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Performance & Balance
Revenue 5Y (¥B)
42.7US$273M'22/347.4US$302M'23/354.0US$344M'24/358.0US$370M'25/360.0US$383M'26/3
EBITDA 5Y (¥B)
4.94US$31.5M'22/35.64US$36.0M'23/36.01US$38.4M'24/39.21US$58.7M'25/39.09US$58.0M'26/3
Net Income 5Y (¥B)
2.60US$16.6M'22/32.64US$16.9M'23/32.79US$17.8M'24/35.24US$33.4M'25/35.22US$33.3M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
24.2US$154M0.00US$0.02M'22/319.9US$127M0.00US$0.01M'23/323.0US$146M'24/323.8US$152M'25/324.3US$155M'26/3
Shareholders
Top 10 hold 52.8%
1
East Japan Railway Company
20.52%
2
Asahi Chosa Sekkei Co., Ltd.
8.10%
3
DAIICHI KENSETSU CORPORATION Employee Stock Ownership Association
7.74%
4
TOTETSU KOGYO CO.,LTD.
2.89%
5
Daiichi Kensetsu Kogyo Mutual Aid Association
2.61%
6
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - HONG KONG PRIVATE BANKING DIVISION CLIENT A/C 8028-394841 (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.49%
7
MEIKO CONSTRUCTION CO.,LTD.
2.46%
8
Kyoei Fire & Marine Insurance Co., Ltd.
2.21%
9
Tenryu Saw Mfg.Co.,Ltd.
1.90%
10
Senken Kogyo Co., Ltd.
1.89%
Management
11 officers
Kimio UCHIDA
Director, Senior Adviser
Jun 2004 General Manager, Facilities Department, Morioka Branch, East Japan Railway Company Jun 2007 Deputy General Manager (Materials), Finance Department, East Japan Railway Company Jul 2010 Manager, Environmental Management Promotion Office, Management Planning Department, Corporate Planning Headquarters, East Japan Railway Company Jun 2013 General Manager, Audit Department, East Japan Railway Company Jun 2015 Executive Officer, Hachioji Branch Manager, East Japan Railway Company Jun 2017 Managing Director, JR Group Health Insurance Society Jun 2019 Representative Director, President and Executive Officer, President of the Company Jun 2026 Director, Senior Adviser of the Company (current)
1960-06-27
Kenichi SASAKI
Director, Managing Executive Officer, Niigata Branch Manager
Apr 1989 Joined the Company Jul 2015 Deputy Branch Manager and Civil Engineering Division Manager, Sendai Branch of the Company Jun 2016 General Manager, Civil Engineering Department, Civil Engineering Headquarters of the Company Jun 2017 Executive Officer, Civil Engineering Headquarters Manager of the Company Jun 2021 Executive Officer, Sendai Branch Manager of the Company Apr 2023 Executive Officer, Niigata Branch Manager of the Company Jun 2023 Director, Managing Executive Officer, Niigata Branch Manager of the Company (current)
1968-07-13
Haruhiko HAYAKAWA
Director, Managing Executive Officer, General Manager of Management Division and General Affairs Division
Apr 1989 Joined the Company Jun 2014 Manager, Corporate Planning Office of the Company Jun 2018 Executive Officer, Deputy Head, Corporate Planning Headquarters and General Manager, Management Planning Department of the Company Jun 2019 Executive Officer, Deputy Branch Manager and General Manager, General Affairs Department, Niigata Branch of the Company Apr 2023 Executive Officer, Deputy Head, General Affairs Strategy Headquarters and General Manager, General Affairs and Human Resources Department of the Company Apr 2024 Executive Officer, Deputy Head, General Affairs Strategy Headquarters and General Manager, Health Management Promotion Department of the Company Jun 2025 Director, Managing Executive Officer, General Manager of Management Division of the Company Jun 2026 Director, Managing Executive Officer, General Manager of Management Division and General Affairs Division of the Company (current)
1969-05-15
Takashi HONDA
Director, Full-time Audit and Supervisory Committee Member
Apr 2009 Assistant Manager, Niigata Track Maintenance Technology Center, Niigata Branch, East Japan Railway Company Mar 2011 Section Chief, Labor Section, General Affairs Department, Niigata Branch, East Japan Railway Company Jun 2015 Attached to Niigata Branch, East Japan Railway Company (seconded to the Company) Jun 2015 General Manager, General Affairs Department, Management Division of the Company Dec 2015 General Manager, General Affairs Department, Employee and Operations Support Headquarters of the Company Jun 2016 Executive Officer, Deputy Head, Employee and Operations Support Headquarters and General Manager, General Affairs Department of the Company Jun 2019 Executive Officer, Head, Employee and Operations Support Headquarters of the Company Jun 2021 Director, Managing Executive Officer, Head, General Affairs Strategy Headquarters of the Company Jun 2024 Director, Managing Executive Officer, Head, Management Planning Headquarters of the Company Jun 2025 Director, Full-time Audit and Supervisory Committee Member of the Company (current)
1959-06-11
Takefumi TAMIYA
Director, Audit and Supervisory Committee Member
Apr 1992 Registered as attorney-at-law (Daini Tokyo Bar Association) Apr 2000 Partner, Tamiya & Partners (current) Jun 2003 Audit & Supervisory Board Member of the Company Jun 2025 Director, Audit and Supervisory Committee Member of the Company (current)
1962-12-13
Takashi SHIMOYAMA
Representative Director, President and Executive Officer, President
Apr 2006 Director, Sendai Civil Engineering Technology Center, Sendai Branch, East Japan Railway Company Jun 2013 Deputy General Manager (Large-scale Renovation), Facilities Department, Railway Operations Headquarters, East Japan Railway Company Jun 2016 General Manager, Facilities Department, Sendai Branch, East Japan Railway Company Jun 2018 Deputy General Manager (Civil Engineering), Facilities Department, Railway Operations Headquarters, East Japan Railway Company Jun 2021 General Manager, Audit Department, East Japan Railway Company Jun 2026 Executive Officer, Mito Branch Manager and Railway Operations Division General Manager, Mito Branch, East Japan Railway Company Jun 2026 Representative Director, President and Executive Officer, President of the Company (current)
1965-05-09
Toru NAGASAWA
Director
Apr 2013 Deputy Section Chief, Facilities Department (Planning, Shinkansen and Environmental Conservation), Railway Operations Headquarters, East Japan Railway Company Jun 2015 Section Chief, Construction Section, Facilities Department, Chiba Branch, East Japan Railway Company Jun 2018 Section Chief, Facilities Department (Civil Engineering), Railway Operations Headquarters, East Japan Railway Company (Railway Disaster Prevention Group Leader) Jun 2022 Section Chief, Planning Section, Facilities Department, Yokohama Branch, East Japan Railway Company Oct 2022 Manager, Facilities Unit, Railway Operations Division, Yokohama Branch, East Japan Railway Company Jun 2024 Unit Leader, Facilities Unit, Railway Operations Division, Niigata Branch, East Japan Railway Company (current) Director of the Company (current)
1973-09-21
Kaori ISHIZUKA
Director
Apr 1987 Joined Niigata Broadcasting Co., Ltd. Aug 2007 Sado Tourism Goodwill Ambassador (current) Apr 2021 Deputy General Manager, Information Center, Niigata Broadcasting Co., Ltd. Apr 2024 Left Niigata Broadcasting Co., Ltd. Mar 2025 Freelance announcer (current) Outside Director, Endo Seisakusho Co., Ltd. (current) Jun 2025 Director of the Company (current)
1964-04-13
Takeo YOSHIDA
Director
Apr 2009 Joined DeNA Co., Ltd. Apr 2012 Joined Kubota Corporation Jan 2016 Joined Niigata Kubota Co., Ltd. Apr 2018 Director, Sales Division Manager, Niigata Kubota Co., Ltd. Apr 2019 Managing Director, Sales Division Manager and Overseas Business Division Manager, Niigata Kubota Co., Ltd. Apr 2020 Senior Managing Director, Sales Division Manager and Overseas Business Division Manager, Niigata Kubota Co., Ltd. Jan 2023 Senior Managing Director, Corporate Division Manager, Niigata Kubota Co., Ltd. Jan 2024 Representative Director, President, Niigata Kubota Co., Ltd. (current) Jun 2026 Director of the Company (current)
1985-08-12
Nobuaki TSUNEMATSU
Director, Audit and Supervisory Committee Member
Jun 2018 Section Chief (Track Maintenance Management Group Leader), Facilities Department (Track Maintenance), Railway Operations Headquarters, East Japan Railway Company Jun 2019 Section Chief (Track Maintenance Strategy Group Leader), Facilities Department (Track Maintenance), Railway Operations Headquarters, East Japan Railway Company Dec 2020 Section Chief (Planning Strategy Group Leader), Facilities Department (Planning), Railway Operations Headquarters, East Japan Railway Company Jun 2022 Manager (Planning Strategy Unit), Facilities Division, Railway Operations Headquarters, East Japan Railway Company Jul 2023 General Manager, Planning and General Affairs Department, Takasaki Branch, East Japan Railway Company Jun 2024 Unit Leader (Planning Strategy), Facilities Division, Railway Operations Headquarters, East Japan Railway Company (current) Audit & Supervisory Board Member of the Company Jun 2025 Director, Audit and Supervisory Committee Member of the Company (current)
1975-07-11
Takehiko YAMATO
Director, Audit and Supervisory Committee Member
Mar 2012 Chief, Niigata Central Police Station, Niigata Prefectural Police Headquarters Mar 2015 General Manager, Public Safety Department, Niigata Prefectural Police Headquarters Mar 2016 General Manager, Criminal Investigation Department, Niigata Prefectural Police Headquarters Apr 2017 Investigation Officer, General Affairs Department, Niigata Branch, East Japan Railway Company Mar 2022 Left the Police (details not specified) Jun 2022 Retired from East Japan Railway Company Audit & Supervisory Board Member of the Company Jun 2025 Retired as Audit & Supervisory Board Member of the Company Jun 2026 Director, Audit and Supervisory Committee Member of the Company (current)
1956-06-29
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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