Overview
Construction

SHIMIZU CORPORATION

Shimizu Corporation is one of Japan's leading general contractors, providing comprehensive construction services spanning architectural, civil engineering, and overseas construction projects. Beyond its core construction business, the company operates across five strategic domains: real estate development, engineering, green energy development, building lifecycle services, and frontier businesses including space development. The company leverages proprietary technologies—such as autonomous construction equipment and eco-friendly concrete—alongside digital innovation to deliver integrated value to clients across Japan and internationally.

Market Cap
¥1,378B
US$8.79B
EV
¥1,181B
US$7.53B
Stock¥2,029▲+0.90%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.7
x
LTM EV/EBIT
9.7
x
LTM PER
8.1
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-23.5%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 13, 25Strong interim earnings
2Feb 5, 26Strong Q3 earnings results
MC → EV Bridge
1,378BUS$8.79BMarket Cap581BUS$3.70B+ Debt349BUS$2.22B− Cash442BUS$2.82B− Inv. Sec.14.4BUS$91.9M+ NCI1,181BUS$7.53BEV
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Performance & Balance
Revenue 5Y (¥B)
1,483US$9.46B'22/31,934US$12.3B'23/32,006US$12.8B'24/31,944US$12.4B'25/32,058US$13.1B'26/3
EBITDA 5Y (¥B)
65.4US$417M'22/380.4US$513M'23/35.57US$35.5M'24/3105US$667M'25/3152US$971M'26/3
Net Income 5Y (¥B)
47.8US$305M'22/349.1US$313M'23/317.2US$109M'24/366.0US$421M'25/3127US$808M'26/3
Capital Structure
64%
36%
EquityD/E 0.57xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
577US$3.68B341US$2.17B'22/3686US$4.37B577US$3.68B'23/3643US$4.10B499US$3.18B'24/3594US$3.79B503US$3.21B'25/3541US$3.45B575US$3.67B'26/3
Shareholders
Top 10 hold 48.8%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.17%
2
Shimizu Jisho Co., Ltd.
12.18%
3
Shimizu Foundation (Social Welfare Corporation)
5.71%
4
Custody Bank of Japan, Ltd. (Trust Account)
4.36%
5
Jusoken Foundation (General Incorporated Foundation)
3.48%
6
SHIMIZU CORPORATION Employee Stock Ownership Association
2.73%
7
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.23%
8
Fukoku Mutual Life Insurance Company
2.00%
9
Custody Bank of Japan, Ltd. (Money Trust Taxable Account)
1.58%
10
JP MORGAN CHASE BANK 385642 (Standing Proxy: Mizuho Bank, Ltd.)
1.37%
Management
16 officers
Kazuyuki INOUE
Representative Director, Chairman
Apr 1981 Joined Shimizu Corporation Apr 2013 Executive Officer; General Manager, Second Sales Division, Building Division Apr 2014 Managing Executive Officer; Branch Manager, Nagoya Branch Apr 2015 Senior Managing Executive Officer; Branch Manager, Nagoya Branch Jun 2015 Director, Senior Managing Executive Officer; Branch Manager, Nagoya Branch Mar 2016 Director, Senior Managing Executive Officer; in charge of Sales Apr 2016 Representative Director, President Apr 2020 Representative Director, President and Executive Officer Apr 2025 Representative Director, Chairman (current)
1956-10-03
Tatsuya NIIMURA
Representative Director, President and Executive Officer
Apr 1984 Joined Shimizu Corporation Apr 2017 Executive Officer; Deputy Branch Manager, Tokyo Branch Apr 2018 Executive Officer; Director, Building Planning Office, Building Headquarters; Director, Production Management Office, Building Headquarters; Director, Manufacturing Training Center, Building Headquarters Apr 2019 Executive Officer; Branch Manager, Yokohama Branch Apr 2021 Managing Executive Officer; Branch Manager, Nagoya Branch Apr 2023 Senior Managing Executive Officer; Branch Manager, Tokyo Branch Apr 2024 Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Productivity Improvement, Nuclear and Thermal Power (Building Headquarters), and Smart City Promotion Jun 2024 Representative Director, Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Productivity Improvement, Nuclear and Thermal Power (Building Headquarters), and Smart City Promotion Apr 2025 Representative Director, President and Executive Officer (current)
1961-10-27
Yoshito TSUTSUMI
Representative Director, Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Nuclear and Thermal Power, Smart City Promotion; General Manager, Tokyo Torch Project
Apr 1982 Joined Shimizu Corporation Apr 2016 Executive Officer; Deputy Branch Manager, Tokyo Branch Apr 2017 Executive Officer; Branch Manager, Kyushu Branch Apr 2019 Managing Executive Officer; Branch Manager, Kyushu Branch Apr 2021 Senior Managing Executive Officer; Branch Manager, Tokyo Branch; in charge of Nuclear and Thermal Power Apr 2022 Senior Managing Executive Officer; Deputy General Manager, Building Headquarters; Branch Manager, Tokyo Branch; in charge of Productivity Improvement Apr 2023 Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Productivity Improvement, Nuclear and Thermal Power (Building Headquarters) Nov 2023 Executive Vice President and Executive Officer; General Manager, Building Headquarters; General Manager, Tokyo Torch Project; in charge of Productivity Improvement, Nuclear and Thermal Power (Building Headquarters) Apr 2024 Executive Vice President and Executive Officer; General Manager, Tokyo Torch Project; in charge of Special Projects Apr 2025 Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Productivity Improvement, Nuclear and Thermal Power (Building Headquarters), Smart City Promotion; General Manager, Tokyo Torch Project Jun 2025 Representative Director, Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Productivity Improvement, Nuclear and Thermal Power (Building Headquarters), Smart City Promotion; General Manager, Tokyo Torch Project Apr 2026 Representative Director, Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Nuclear and Thermal Power, Smart City Promotion; General Manager, Tokyo Torch Project Jun 2026 Representative Director, Executive Vice President and Executive Officer; General Manager, Building Headquarters; in charge of Nuclear and Thermal Power, Smart City Promotion; General Manager, Tokyo Torch Project (current)
1960-03-01
Takefumi SAITO
Representative Director, Executive Vice President and Executive Officer; General Manager, Civil Engineering Headquarters; in charge of Safety and Environment
Apr 1988 Joined Shimizu Corporation Apr 2018 Executive Officer; Branch Manager, Hokuriku Branch Apr 2022 Managing Executive Officer; Branch Manager, Civil Engineering Tokyo Branch Apr 2024 Senior Managing Executive Officer; Branch Manager, Civil Engineering Tokyo Branch Apr 2025 Senior Managing Executive Officer; Deputy General Manager, Civil Engineering Headquarters; Branch Manager, Civil Engineering Tokyo Branch Apr 2026 Executive Vice President and Executive Officer; Deputy General Manager, Civil Engineering Headquarters Jun 2026 Representative Director, Executive Vice President and Executive Officer; General Manager, Civil Engineering Headquarters; in charge of Safety and Environment (current)
1962-11-03
Mitsuo MORII
Director, Senior Managing Executive Officer; in charge of Engineering Business, Green Energy Business, Sustainability, Information Management, Innovation
Apr 1986 Joined Shimizu Corporation Apr 2016 Executive Officer; Branch Manager, Shikoku Branch Apr 2018 Executive Officer; Deputy Branch Manager, International Branch Apr 2020 Managing Executive Officer; Director, Global Business Promotion Office Apr 2022 Managing Executive Officer; Assistant to Branch Manager, Tokyo Branch Apr 2026 Senior Managing Executive Officer; in charge of Green Energy Business, DX Management Promotion, Innovation May 2026 Senior Managing Executive Officer; in charge of Green Energy Business, Sustainability, DX Management Promotion, Innovation Jun 2026 Director, Senior Managing Executive Officer; in charge of Engineering Business, Green Energy Business, Sustainability, Information Management, Innovation (current)
1963-11-30
Mitsuho YAMAGUCHI
Director, Managing Executive Officer; in charge of Finance and Investor Relations; Deputy Director, Corporate Ethics Office
Apr 1987 Joined Shimizu Corporation Apr 2012 General Manager, Accounting Department, Hokuriku Branch Jun 2016 General Manager, Accounting Department Apr 2023 Executive Officer; in charge of Finance and Investor Relations Apr 2026 Managing Executive Officer; in charge of Finance and Investor Relations; Deputy Director, Corporate Ethics Office Jun 2026 Director, Managing Executive Officer; in charge of Finance and Investor Relations; Deputy Director, Corporate Ethics Office (current)
1964-04-26
Noriaki SHIMIZU
Director
Apr 1995 Joined Shimizu Corporation Jun 2018 General Manager, Sales Department, Sales Headquarters, Civil Engineering Sales Division Jun 2020 Audit & Supervisory Board Member, Shimizu Jisho Co., Ltd. Apr 2022 General Manager, Third Civil Engineering Department, Civil Engineering Tokyo Branch, Shimizu Corporation Jun 2023 Representative Director, President, Shimizu Jisho Co., Ltd. (current); Director, Shimizu Corporation Jun 2023 Director (current)
1972-10-11
Junichi KAWADA
Director
Apr 1978 Joined Nippon Oil Corporation (now ENEOS Holdings, Inc.) Jun 2007 Executive Officer; General Manager, General Affairs Department, Shin Nippon Oil Corporation (now same as above) Apr 2010 Director, Managing Executive Officer, JX Holdings, Inc. (now same as above) Jun 2015 Director, Senior Managing Executive Officer, same company Apr 2017 Director, Senior Managing Executive Officer, JXTG Holdings, Inc. (now same as above) Jun 2020 Executive Officer, ENEOS Holdings, Inc. Jun 2021 Director (current)
1955-09-26
Mayumi TAMURA
Director
Apr 1983 Joined Sony Corporation (now Sony Group Corporation) Jul 2002 Executive Officer, Johnson Diversey, Inc. (now Diversey, Inc.) Dec 2004 CFO, adidas Japan K.K. Jun 2007 Executive Officer, Senior Vice President and Chief Financial Officer (CFO), Seiyu, Ltd. May 2010 Executive Officer, Senior Vice President and CFO, Seiyu, Ltd. (now same as above) and Walmart Japan Holdings K.K. Jun 2015 Outside Audit & Supervisory Board Member, Honda Motor Co., Ltd. Jun 2017 Outside Director, Audit and Supervisory Committee Member, Honda Motor Co., Ltd.; Outside Director, Hitachi High-Technologies Corporation (now Hitachi High-Tech Corporation) Jun 2019 Director, Shimizu Corporation Mar 2022 Outside Audit & Supervisory Board Member, Kyowa Kirin Co., Ltd. Jun 2022 Outside Director, LIXIL Corporation (current) Current
1960-05-22
Yumiko SADATSUKA
Director
Apr 1984 Joined Ministry of Labour Apr 2001 Director, Medical Information Office, General Affairs Division, Pharmaceutical Affairs Bureau, Ministry of Health, Labour and Welfare Jul 2004 Director, Promotion Division, Gender Equality Bureau, Cabinet Office Aug 2007 Director, Work-Life Balance Division, Equal Employment, Children and Families Bureau, Ministry of Health, Labour and Welfare Jul 2010 Director, Welfare Infrastructure Division, Social Welfare and War Victims' Relief Bureau, Ministry of Health, Labour and Welfare May 2014 Deputy Director-General, Cabinet Personnel Bureau, Cabinet Secretariat Jun 2016 Director-General, Social Welfare and War Victims' Relief Bureau, Ministry of Health, Labour and Welfare Jul 2018 Director-General, Minister's Secretariat, Ministry of Health, Labour and Welfare Jul 2019 Director-General for Human Resource Development, Ministry of Health, Labour and Welfare Jun 2021 Outside Director, Tokyu Fudosan Holdings Corporation (current) Director of the Company Apr 2022 Director, Japan Legal Support Center Jun 2023 Chairman, 21st Century Job Foundation (current) Jun 2025 Outside Director, Sojitz Corporation (current)
1962-03-19
Hiroshi KOBAYASHI
Full-time Audit & Supervisory Board Member
Apr 1985 Joined Shimizu Corporation Apr 2009 General Manager, Construction Department, Kansai Division Feb 2015 General Manager, Construction Department, Tokyo Branch, Building Division Apr 2017 Deputy Branch Manager, Tokyo Branch; General Manager, Administration Department, Building Headquarters Oct 2019 Senior Managing Director, Daiichi Setsubi Kogyo Co., Ltd. Apr 2021 General Manager, Sales Headquarters; General Manager, Civil Engineering Headquarters; Deputy Director, Corporate Ethics Office May 2021 General Manager, Sales Headquarters; General Manager, Civil Engineering Headquarters; General Manager, Civil Engineering Compliance Department; Deputy Director, Corporate Ethics Office Apr 2023 General Manager, Sales Headquarters; in charge of Compliance, Civil Engineering Headquarters; Deputy Director, Corporate Ethics Office Jun 2024 Full-time Audit & Supervisory Board Member (current)
1960-05-04
Tomohiko HIRAYAMA
Full-time Audit & Supervisory Board Member
Apr 1990 Joined Shimizu Corporation Apr 2015 General Manager, Accounting Department, Investment and Development Division Jul 2020 General Manager, Finance Department Jun 2025 Full-time Audit & Supervisory Board Member (current)
1965-08-29
Kaoru ISHIKAWA
Audit & Supervisory Board Member (Non-full-time)
Apr 1972 Joined Ministry of Foreign Affairs Sep 2002 Director-General, International Cooperation Department, Foreign Policy Bureau, Ministry of Foreign Affairs Jan 2005 Director-General, Economic Affairs Bureau, Ministry of Foreign Affairs Jan 2007 Ambassador Extraordinary and Plenipotentiary to Egypt Jun 2010 Ambassador Extraordinary and Plenipotentiary to Canada Jun 2013 Managing Director, Japan Forum on International Relations, Inc. May 2014 Director, Kawamura Gakuen Educational Corporation (current) Jun 2015 Director, Japan Association for Diplomacy (current) Jun 2016 Audit & Supervisory Board Member (Non-full-time), Shimizu Corporation Jun 2017 Outside Director, SMK Corporation (current) Jun 2020 Director, MUFG International Foundation (current) Current
1950-11-07
Hajime IKENAGA
Audit & Supervisory Board Member (Non-full-time)
Apr 1983 Joined Westdeutsche Landesbank Apr 1987 Joined Economic Planning Agency Jul 2003 Chief Researcher, Survey Office, Life Policy Bureau, Cabinet Office Jul 2004 Planning Officer, Socioeconomic System Unit, Cabinet Office Aug 2007 Associate Professor, Institute of Economic Research, Hitotsubashi University Sep 2010 Director, Policy Evaluation and Public Relations Division, Cabinet Office Apr 2012 Professor, Graduate School of Policy Creation, Hosei University Sep 2014 Director, Division for Gender Equality, Cabinet Office Jan 2016 Vice Governor, Shiga Prefecture Jul 2018 Director-General, Gender Equality Bureau, Cabinet Office Jun 2021 Outside Director, ALSOK Co., Ltd. (current); Audit & Supervisory Board Member (Non-full-time), Shimizu Corporation Jul 2022 Director, National Hospital Organization (current) Current
1961-01-23
Hikaru SHIHO
Audit & Supervisory Board Member (Non-full-time)
Apr 1987 Joined National Police Agency Mar 2001 Director, Education Division, General Affairs Department, Metropolitan Police Department Mar 2009 Director-General, Criminal Affairs Bureau, Kanagawa Prefectural Police Headquarters Feb 2010 Director, Information Technology Crime Countermeasures Division, Community Safety Bureau, National Police Agency Oct 2012 Director-General, Criminal Education Department, National Police Academy Apr 2013 Professor, Faculty of Policy Management, Keio University Mar 2015 Director, International Affairs Division, Secretariat of the Commissioner's Office, National Police Agency Jan 2018 Director, Special Investigation Training Institute, National Police Academy Apr 2018 Professor, Faculty of Law, Chuo University (current) Jun 2022 Audit & Supervisory Board Member (Non-full-time), Shimizu Corporation Current
1963-08-26
Yoshio KOMETANI
Director
Apr 1985 Joined Mitsui & Co., Ltd. Apr 2015 Executive Officer; Deputy Head, Asia and Oceania Division Apr 2016 Executive Officer; General Manager, Project Division Jun 2019 Representative Director, Managing Executive Officer, Mitsui & Co., Ltd. Apr 2020 Representative Director, Senior Managing Executive Officer; CDIO (Chief Digital Information Officer), Mitsui & Co., Ltd. Apr 2022 Representative Director, Executive Vice President and Executive Officer; CDIO, Mitsui & Co., Ltd. Jun 2023 Advisor, Mitsui & Co., Ltd. Jun 2024 Outside Director, NIFCO Inc. (current) Sep 2024 Outside Director, Sensinn Robotics Inc. (current) Mar 2026 Outside Director, POLA ORBIS HOLDINGS INC. (current) Jun 2026 Director, Shimizu Corporation (current) Current
1962-04-11
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-21
4.16%
BlackRock Japan Co., Ltd.
2026-03-04
1.62%→1.45%
BlackRock Japan Co., Ltd.
2025-09-03
1.62%
Silchester International Investors LLP
2023-09-27
5.00%→3.98%
Silchester International Investors LLP
2021-12-20
5.00%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-04
Large Shareholding Report
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-03
Large Shareholding Report
TDnet
2025-07-29
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-31
中期経営計画
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-27
Large Shareholding Report
EDINET
2023-07-31
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-01
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-01
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-01
Quarterly Securities Report
EDINET
2021-12-20
Large Shareholding Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-02
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-01
Quarterly Securities Report
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