Overview
Construction

JDC CORPORATION

JDC Corporation is a comprehensive general contractor operating across civil engineering and building construction segments in Japan and Southeast Asia, undertaking projects spanning dams, bridges, tunnels, roads, water infrastructure, high-rise buildings, logistics facilities, and public facilities. The company differentiates itself through proprietary technologies including the 'Twister Method' for construction material recycling, the 'Dynamic Compaction Method' for ground improvement, and the 'JDC Low-Floor Seismic Isolation System,' while actively promoting ICT and i-Construction initiatives to improve productivity. Beyond construction, JDC operates a Related Business segment encompassing real estate development and investment, renewable energy (solar power generation with an aggregate capacity exceeding 90 MW), and cemetery businesses.

Market Cap
¥40.8B
US$260M
EV
¥44.3B
US$283M
Stock¥511▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.1
x
LTM EV/EBIT
6.2
x
LTM PER
7.1
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-30.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
40.8BUS$260MMarket Cap37.6BUS$240M+ Debt22.3BUS$142M− Cash12.0BUS$76.3M− Inv. Sec.0.20BUS$1.27M+ NCI44.3BUS$283MEV
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Performance & Balance
Revenue 5Y (¥B)
127US$809M'22/5154US$983M'23/5136US$865M'24/5123US$787M'25/5135US$862M'26/5
EBITDA 5Y (¥B)
10.3US$65.9M'22/57.14US$45.5M'23/5-7.09-US$45.2M'24/54.44US$28.3M'25/58.72US$55.6M'26/5
Net Income 5Y (¥B)
7.39US$47.1M'22/53.29US$21.0M'23/5-7.19-US$45.9M'24/51.33US$8.49M'25/55.45US$34.8M'26/5
Capital Structure
66%
34%
EquityD/E 0.52xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
55.8US$356M30.0US$192M'22/535.8US$228M26.9US$172M'23/533.2US$212M30.0US$191M'24/527.7US$177M30.0US$191M'25/529.6US$189M37.9US$242M'26/5
Shareholders
Top 10 hold 42.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.36%
2
XYMAX Group Co., Ltd.
7.28%
3
Mizuho Trust & Banking Co., Ltd. (Japan Kokudo Kaihatsu Mirai Research Foundation Account)
4.97%
4
JDC CORPORATION Stock Ownership Association
4.81%
5
THE SAIKYO BANK, LTD.
4.10%
6
Asia Air Survey Co.,Ltd.
3.96%
7
JAPAN FOUNDATION ENGINEERING CO.,LTD.
3.60%
8
Suga Kogyo Co., Ltd.
2.63%
9
Custody Bank of Japan, Ltd. (Trust Account)
1.76%
10
Wataru TAKEMURA
1.04%
Management
9 officers
Yukio HASEGAWA
Representative Director, President, President Executive Officer, CEO and COO
Apr 1990 Joined the Company Jun 2021 General Manager, Building Construction Division, Nagoya Branch Jun 2022 General Manager, Large-Scale Site Management Division, Building Construction Business Headquarters Jun 2023 Executive Officer; Deputy General Manager, Building Construction Business Headquarters, and Sustainability Management Headquarters Aug 2023 Executive Officer; General Manager, Building Construction Business Headquarters Aug 2025 Managing Executive Officer; General Manager, Building Construction Business Headquarters (current) Aug 2026 Representative Director, President, President Executive Officer, CEO and COO
1968-02-17
Yasushi KIKUCHI
Director, Executive Officer; General Manager, New Business and Regional Co-Creation Promotion Office; in charge of Occupational Safety and Health Management Office
Apr 1989 Joined the Company Aug 2002 Office Manager, Morioka Sales Office, Tohoku Branch Jun 2018 General Manager, Building Sales Department (Tohoku), Building Construction Business Headquarters Aug 2019 General Manager, Civil Engineering Sales Department (Tohoku), Civil Engineering Business Headquarters; General Manager, Tohoku Branch Jun 2023 Executive Officer; Deputy General Manager, Civil Engineering Business Headquarters, and General Manager, Sales Coordination Department Aug 2023 Director, Executive Officer; Sales Coordination Jun 2024 Director, Executive Officer; General Manager, Strategic Business Promotion Office, and in charge of Occupational Safety and Health Management Office Jun 2025 Director, Executive Officer; General Manager, New Business and Regional Co-Creation Promotion Office, and in charge of Occupational Safety and Health Management Office (current)
1965-11-15
Kenji MORIYA
Director, Managing Executive Officer (in charge of Building Construction Business); Representative Director, President, Kokudo Building Ace Co., Ltd.
Apr 1986 Joined the Company Jun 2014 General Manager, Building Construction Department No. 3, Building Construction Division, Eastern Japan Branch Apr 2017 General Manager, Cost Management Department, Building Construction Division, Western Japan Branch Dec 2018 General Manager, Building Construction Department (Osaka), Western Japan Building Construction Business Division, Building Construction Business Headquarters Jun 2020 (position not specified) Oct 2020 Deputy General Manager, Building Construction Business Headquarters, and General Manager, Tokyo Branch Oct 2020 Deputy General Manager, Building Construction Business Headquarters, and General Manager, Facilities Department and PM Department Jun 2021 Executive Officer; Deputy General Manager, Building Construction Business Headquarters, and General Manager, Facilities Department and Remodeling Department Jun 2022 Executive Officer; Building Construction Business Headquarters (Remodeling); seconded to Kokudo Building Ace Co., Ltd. Aug 2022 Executive Officer; Building Construction Business Headquarters (Remodeling); Managing Director, Kokudo Building Ace Co., Ltd. Aug 2023 Representative Director, President, Kokudo Building Ace Co., Ltd. Aug 2025 Director of the Company; Representative Director, President, Kokudo Building Ace Co., Ltd. (current) Aug 2026 Director, Managing Executive Officer (in charge of Building Construction Business), Representative Director, President, Kokudo Building Ace Co., Ltd.
1963-03-19
Hidetaka MATSUISHI
Director
Apr 1981 Joined Ricoh Company, Ltd. Oct 2000 Head, SCM Innovation Center, Sales Business Headquarters, Ricoh Company, Ltd. Jan 2003 President, Nishitokyo Ricoh Co., Ltd. Apr 2005 President, Ricoh Tohoku Co., Ltd. Apr 2008 Head, Business Strategy Center, Sales Business Headquarters, Ricoh Company, Ltd. Apr 2009 General Manager, M&A Business Department, Sales Business Headquarters, Ricoh Company, Ltd. Jul 2009 Representative Director, President, Ricoh IT Solutions Co., Ltd. Apr 2014 Managing Executive Officer, Ricoh Group; Representative Director, President and Executive Officer, Ricoh Leasing Co., Ltd. Jun 2016 Managing Executive Officer, General Manager, Japan Sales Business Headquarters, Ricoh Company, Ltd.; Representative Director, President and Executive Officer, CEO, Ricoh Japan Co., Ltd. Apr 2018 Senior Managing Executive Officer, CFO, Ricoh Company, Ltd.; General Manager, Corporate Planning Headquarters Jun 2018 Director, Ricoh Company, Ltd. Apr 2021 Senior Managing Executive Officer, Corporate; General Manager, Corporate Planning Department, Ricoh Company, Ltd. Aug 2022 Director of the Company (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), SCSK Corporation Apr 2026 Outside Director, SCSK Corporation (current)
1957-02-22
Yukie KARASHIMO
Director
May 1999 Registered as Certified Public Accountant Feb 2003 Head, Yukie Karashimo CPA Office (current) Jun 2012 Representative Director, Felice Consulting Co., Ltd. (current) Mar 2019 Outside Director (Audit and Supervisory Committee Member), Mabuchi Motor Co., Ltd. Jun 2019 Outside Audit & Supervisory Board Member, Seven Bank, Ltd. Aug 2022 Director of the Company (current)
1966-12-22
Ichiro SONE
Director (Full-time Audit and Supervisory Committee Member)
Apr 1982 Joined the Company Jun 2005 General Manager, General Affairs Department, Kyushu Branch Jun 2010 General Manager, Sales Department, Kyushu Branch Jun 2014 Branch Manager, Kyushu Branch Jun 2015 General Manager, Related Business Division Jun 2016 Executive Officer; General Manager, Related Business Division Apr 2017 Executive Officer; Deputy General Manager, Management Planning Office Aug 2018 Director, Managing Executive Officer; General Manager, Management Planning Office Sep 2018 Director, Managing Executive Officer; General Manager, Management Planning Office, and in charge of Tsukuba Future Center Aug 2019 Director, Senior Managing Executive Officer; General Manager, Related Business Headquarters, and in charge of Tsukuba Future Center Apr 2020 Director, Senior Managing Executive Officer; General Manager, Related Business Headquarters Jun 2021 Director, Executive Vice President Executive Officer; General Manager, Administration Headquarters Jun 2022 Director, Executive Vice President Executive Officer, COO, CFO; General Manager, Administration Headquarters Jul 2023 Representative Director, Executive Vice President Executive Officer, COO, CFO; General Manager, Administration Headquarters Aug 2023 Director of the Company Aug 2025 Director (Full-time Audit and Supervisory Committee Member) (current)
1960-03-25
Kenichi MORIJIRI
Director
Apr 1986 Joined Tokyo Electric Power Company, Inc. Nov 1999 Executive Officer, Head of Technical Department, House Plus Housing Warranty Co., Ltd. Jul 2007 Head, Design Center, Lifestyle Energy Center, Head Office Sales Department, Tokyo Electric Power Company, Inc. Jun 2009 Managing Director, Head of Consulting Business Headquarters, Livita Co., Ltd. Jun 2013 Head, Group Business Department, Management Reform Headquarters, Tokyo Electric Power Company, Inc. Jul 2015 Head, Living & Business Headquarters, Customer Service Company, Tokyo Electric Power Company, Inc. Apr 2016 Managing Director, Head of Living Business Headquarters, Tokyo Electric Power Energy Partner, Inc. Jun 2017 Managing Director, Head of Living Business Headquarters, Tokyo Electric Power Energy Partner, Inc. Jun 2019 Managing Director, Tokyo Power Technology Ltd. (current) Aug 2026 Director of the Company
1963-08-05
Fumihiko KAMOSHIDA
Director (Audit and Supervisory Committee Member)
Apr 1974 Joined The Long-Term Credit Bank of Japan, Ltd. Oct 1997 Head, International Business Office, The Long-Term Credit Bank of Japan, Ltd. Nov 1998 Joined Chugai Pharmaceutical Co., Ltd. Mar 2010 Managing Executive Officer, Head of Legal Department, Chugai Pharmaceutical Co., Ltd. May 2014 Office Director, Nagashima Ohno & Tsunematsu Oct 2015 Auditor, Japan Foundation Nov 2016 Civil Mediation Commissioner, Tokyo Summary Court Aug 2019 Director (Audit and Supervisory Committee Member) of the Company (current)
1951-12-21
Kensaku WATANABE
Director (Audit and Supervisory Committee Member)
Apr 1997 Registered as Attorney-at-Law (Daiichi Tokyo Bar Association) Apr 1997 Joined Okazaki, Ohashi & Maeda Law Office (now Tokei Sogo Law Office) Jan 1999 Assistant to Trustee, the Company (corporate rehabilitation proceedings) Jan 2006 Partner, Tokei Sogo Law Office (current) Jun 2016 Outside Audit & Supervisory Board Member, T&D Financial Life Insurance Company, Limited Jun 2020 Outside Director, T&D Holdings, Inc. Aug 2023 Director (Audit and Supervisory Committee Member) of the Company (current)
1971-02-17
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-21
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-07-15
Full-Year Earnings Flash
FY ending May 2026
TDnet
2026-04-14
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2025-10-15
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-08-22
Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2025-04-14
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-14
Semi-Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2024-10-15
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-08-27
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-04-15
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-16
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-08-25
Annual Securities Report
Period: Jun 2022 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-01-16
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-17
Quarterly Securities Report
EDINET
2022-08-25
Annual Securities Report
EDINET
2022-04-14
Quarterly Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-08-26
Annual Securities Report
EDINET
2021-04-14
Quarterly Securities Report
EDINET
2021-01-14
Quarterly Securities Report
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