Overview
Construction

KAJIMA CORPORATION

Kajima Corporation is one of Japan's leading general contractors, engaged in civil engineering (infrastructure, tunnels, dams, and transportation works), building construction (commercial, residential, and industrial facilities), and real estate development both domestically and internationally. The company provides end-to-end services encompassing planning, design, engineering, and construction, with additional capabilities in specialty contracting, leasing, and building management through its group companies. Kajima operates globally across North America, Europe, Asia, and Oceania through dedicated regional subsidiaries, establishing a diversified international construction and development platform.

Market Cap
¥2,186B
US$13.9B
EV
¥2,090B
US$13.3B
Stock¥4,745▼-0.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.5
x
LTM EV/EBIT
8.5
x
LTM PER
12.0
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-24.8%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 11, 25Strong H1 FY2026/3 earnings results
MC → EV Bridge
2,186BUS$13.9BMarket Cap834BUS$5.32B+ Debt492BUS$3.14B− Cash458BUS$2.92B− Inv. Sec.19.9BUS$127M+ NCI2,090BUS$13.3BEV
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Performance & Balance
Revenue 5Y (¥B)
2,080US$13.3B'22/32,392US$15.3B'23/32,665US$17.0B'24/32,912US$18.6B'25/33,067US$19.6B'26/3
EBITDA 5Y (¥B)
146US$931M'22/3148US$945M'23/3163US$1.04B'24/3183US$1.17B'25/3274US$1.75B'26/3
Net Income 5Y (¥B)
104US$662M'22/3112US$713M'23/3115US$734M'24/3126US$802M'25/3177US$1.13B'26/3
Capital Structure
62%
38%
EquityD/E 0.61xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
629US$4.01B360US$2.30B'22/3642US$4.09B538US$3.43B'23/3797US$5.08B613US$3.91B'24/3752US$4.80B808US$5.15B'25/3882US$5.62B849US$5.42B'26/3
Shareholders
Top 10 hold 35.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
15.20%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.07%
3
Kimiko KASHIMA
3.39%
4
KAJIMA CORPORATION Employee Stock Ownership Association
1.84%
5
Kajima Academic Promotion Foundation (Public Interest Incorporated Foundation)
1.55%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.44%
7
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.30%
8
BNYM AS AGT CLIENTS NON TREATY JASDEC (Standing Proxy: Mitsubishi UFJ Bank, Ltd.)
1.24%
9
Katabami Co., Ltd.
1.24%
10
Kajima Art Foundation (Public Interest Incorporated Foundation)
1.24%
Management
14 officers
Shiichi OSHIMI
Representative Director, Chairman
Apr 1974 Joined the Company Dec 2003 Deputy General Manager, Yokohama Branch Jun 2005 Executive Officer, Branch Manager, Yokohama Branch Apr 2008 Managing Executive Officer Apr 2009 General Manager, Building Construction Management Division Apr 2010 Senior Managing Executive Officer Apr 2013 Branch Manager, Kansai Branch Apr 2015 Executive Vice President, Executive Officer Jun 2015 Representative Director, President and President Executive Officer Jun 2021 Representative Director, Chairman Jan 2026 Representative Director, Chairman, President and President Executive Officer Jun 2026 Representative Director, Chairman (current)
1949-02-21
Masafumi KIRYU
Representative Director, President, President Executive Officer
Apr 1984 Joined the Company Jan 2009 Manager, Osaki Station West Exit C District Development Construction Office, Tokyo Building Branch Feb 2015 Manager, (tentative name) New Hibiya Project New Construction Office, Tokyo Building Branch Feb 2018 General Manager, Building Division, Tokyo Building Branch Apr 2021 Executive Officer, Deputy Branch Manager, Tokyo Building Branch Apr 2024 Managing Executive Officer, Branch Manager, Yokohama Branch Apr 2026 Executive Vice President, Executive Officer Jun 2026 Representative Director, President and President Executive Officer (current)
1961-11-21
Keisuke KOSHIJIMA
Representative Director, Executive Vice President, Executive Officer, in charge of Overseas Operations
Apr 1978 Joined the Company Jun 2005 President, Kajima USA, Inc. Apr 2009 Executive Officer Jul 2010 General Manager, Overseas Operations Division Apr 2012 Managing Executive Officer Apr 2015 Senior Managing Executive Officer Apr 2018 Executive Vice President, Executive Officer (current) Jun 2021 Representative Director (current) Apr 2026 In charge of Overseas Operations (current)
1956-01-04
Masaru KAZAMA
Representative Director, Executive Vice President, Executive Officer, General Manager of Civil Engineering Management Division, in charge of Safety
Apr 1981 Joined the Company May 2011 General Manager, Civil Works Department, Civil Engineering Management Division Apr 2013 Executive Officer, Deputy General Manager, Civil Engineering Management Division Apr 2015 Managing Executive Officer, Deputy Branch Manager, Kansai Branch Apr 2017 Branch Manager, Tokyo Civil Engineering Branch Apr 2021 Senior Managing Executive Officer Apr 2022 General Manager, Civil Engineering Management Division (current) Apr 2023 Executive Vice President, Executive Officer, in charge of Machinery Department (current) Jun 2023 Representative Director (current) Apr 2024 In charge of Safety (current)
1957-11-19
Tsuyoshi KATSUMI
Director, Executive Vice President, Executive Officer, General Manager of General Affairs and Administration Division
Apr 1980 Joined the Company Jun 2007 General Manager, Related Business Division Apr 2014 Executive Officer, General Manager, Corporate Planning Department; in charge of Related Business Division and IT Solutions Department Apr 2017 Managing Executive Officer Apr 2020 Senior Managing Executive Officer, General Manager, General Affairs and Administration Division (current); in charge of Safety and Environment Department (current) Apr 2021 In charge of Internal Audit Department (current) Jun 2021 Director (current) Apr 2024 Executive Vice President, Executive Officer (current)
1956-09-26
Takashi KUMANO
Director, Managing Executive Officer, General Manager of Finance Division
Apr 1983 Joined the Company Jun 2017 General Manager, Internal Audit Department Jun 2020 Full-time Audit & Supervisory Board Member Jun 2024 Director (current), Managing Executive Officer (current), General Manager of Finance Division (current)
1959-07-01
Tamotsu SAITO
Director
Apr 1975 Joined Ishikawajima-Harima Heavy Industries Co., Ltd. (currently IHI Corporation) Apr 2008 Director, Executive Officer, General Manager, Aerospace Business Division, IHI Apr 2009 Director, Managing Executive Officer, General Manager, Aerospace Business Division, IHI Apr 2011 Representative Director, Senior Executive Vice President, IHI Apr 2012 Representative Director, President and Chief Operating Officer, IHI Apr 2016 Representative Director, Chairman and Chief Executive Officer, IHI Apr 2017 Representative Director, Chairman, IHI Apr 2020 Director, IHI Jun 2020 Senior Adviser, IHI Jun 2022 Director (current) Apr 2024 Special Adviser, IHI Corporation (current)
1952-07-13
Akimi IIJIMA
Director
Apr 1974 Joined Mitsui & Co., Ltd. Jun 2008 Representative Director, Managing Executive Officer, Mitsui & Co., Ltd. Oct 2008 Representative Director, Senior Managing Executive Officer, Mitsui & Co., Ltd. Apr 2009 Representative Director, President, Mitsui & Co., Ltd. Apr 2015 Representative Director, Chairman, Mitsui & Co., Ltd. Apr 2021 Director, Mitsui & Co., Ltd. Jun 2021 Adviser, Mitsui & Co., Ltd. (current) Jun 2023 Director (current)
1950-09-23
Yuiko YASUDA
Director
Apr 1985 Joined IBM Japan, Ltd. Sep 1991 Joined Booz Allen & Hamilton Inc. Sep 1993 Joined Russell Reynolds Associates, Inc. Jun 1996 Managing Director, Russell Reynolds Associates, Inc. Apr 2003 Representative, Japan Office, and Executive Committee Member, Russell Reynolds Associates, Inc. Apr 2013 Executive Committee Member, Russell Reynolds Associates, Inc. Jul 2020 Senior Partner, Corporate Governance Promotion Organization, Inc. (currently Board Advisors Co., Ltd.) May 2023 Vice President and Director, Board Advisors Co., Ltd. (current) Jun 2025 Director (current)
1961-09-16
Toshiaki KOBAYASHI
Director, Full-time Audit and Supervisory Committee Member
Apr 1986 Joined the Company Oct 2014 General Manager, Legal Department Apr 2018 General Manager, Legal Department, General Affairs and Administration Division Jun 2024 Full-time Audit & Supervisory Board Member Jun 2026 Director, Full-time Audit and Supervisory Committee Member (current)
1962-07-12
Kazumine TERAWAKI
Director, Audit and Supervisory Committee Member
Apr 1980 Appointed Public Prosecutor, Tokyo District Public Prosecutors Office Jan 2014 Director-General, Public Security Intelligence Agency Jan 2015 Superintending Prosecutor, Sendai High Public Prosecutors Office Sep 2016 Superintending Prosecutor, Osaka High Public Prosecutors Office Apr 2017 Retired from public service Jun 2017 Registered as attorney-at-law Jun 2019 Audit & Supervisory Board Member, the Company Jun 2023 Director, the Company Jun 2026 Director, Audit and Supervisory Committee Member (current)
1954-04-13
Emiko TAKEISHI
Director, Audit and Supervisory Committee Member
Apr 1982 Joined Ministry of Labour (currently Ministry of Health, Labour and Welfare) Jul 1992 Joined Nissay Basic Research Institute Co., Ltd. Apr 2003 Associate Professor, Institute of Social Science, The University of Tokyo Apr 2004 Senior Principal Researcher, Nissay Basic Research Institute Co., Ltd. Apr 2006 Associate Professor, Faculty of Career Design, Hosei University Apr 2007 Professor, Faculty of Career Design, Hosei University (current) Jun 2023 Audit & Supervisory Board Member, the Company Jun 2026 Director, Audit and Supervisory Committee Member (current)
1960-02-16
Makiko NAKAMORI
Director, Audit and Supervisory Committee Member
Apr 1987 Joined Nippon Telegraph and Telephone Corporation Oct 1991 Joined Inoue Saito Eiwa Audit Corporation (currently Ernst & Young ShinNihon LLC) Apr 1996 Registered as Certified Public Accountant Jul 1997 Representative, Nakamori CPA Office (current) Jun 2024 Audit & Supervisory Board Member, the Company Jun 2026 Director, Audit and Supervisory Committee Member (current)
1963-08-18
Eiji OMORI
Director, Full-time Audit and Supervisory Committee Member
Apr 1985 Joined Sumitomo Bank, Ltd. (currently Sumitomo Mitsui Banking Corporation) Apr 2014 Executive Officer, General Manager, Head Office Business Department No. 4, Sumitomo Bank Apr 2015 Executive Officer, General Manager, Shinjuku Corporate Business Division and Saitama-Ikebukuro Corporate Business Division, Sumitomo Bank Apr 2016 Executive Officer, General Manager, East Japan Corporate Business Division No. 2, Sumitomo Bank Apr 2017 Managing Executive Officer, Head Office Business Division, Sumitomo Bank Apr 2019 Managing Executive Officer, Sumitomo Bank May 2019 Adviser, SMBC Consulting Co., Ltd. Jun 2019 President and Representative Director, SMBC Consulting Co., Ltd. Jul 2020 Senior Managing Executive Officer, Ginsen Co., Ltd. Jun 2021 Representative Director and Senior Managing Executive Officer, Ginsen Co., Ltd. Apr 2024 Representative Director and Executive Vice President, Ginsen Co., Ltd. (scheduled to retire Jun 2026) Jun 2026 Director, Full-time Audit and Supervisory Committee Member (current)
1963-02-16
Large Shareholding Reports
J.P. Morgan Securities plc
2026-10-20
0.06%→1.01%
J.P. Morgan Securities Japan Co., Ltd.
2026-10-05
1.39%→2.66%
J.P. Morgan Mansart Management Limited
2026-09-18
1.45%
BlackRock Japan Co., Ltd.
2026-03-18
1.29%→1.70%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.26%→2.81%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-20
Large Shareholding Report
EDINET
2026-10-05
Large Shareholding Report
EDINET
2026-09-18
Large Shareholding Report
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-18
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-14
中期経営計画
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-05-14
中期経営計画
EDINET
2021-02-12
Quarterly Securities Report
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