Overview
Construction

YONDENKO CORPORATION

Yondenko Corporation is a general electrical and mechanical construction company headquartered in Takamatsu, Kagawa Prefecture, offering a broad range of installation services including power distribution, transmission and civil engineering, electrical and instrumentation, HVAC and piping, and information and communications works. The company operates across Japan through a network of subsidiaries and regional offices, serving customers from its Shikoku home base to major metropolitan areas including Tokyo, Osaka, and beyond. In addition to its core construction business, the company conducts equipment leasing for construction machinery and vehicles, solar power generation and electricity sales, as well as PFI (Private Finance Initiative) projects in public facilities such as school cafeterias and air-conditioning systems.

Market Cap
¥105B
US$668M
EV
¥80.2B
US$512M
Stock¥2,212▼-0.36%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.6
x
LTM EV/EBIT
7.9
x
LTM PER
12.5
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+39.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26Market-wide: Inflation concerns and rate pressures
MC → EV Bridge
105BUS$668MMarket Cap5.04BUS$32.1M+ Debt16.9BUS$108M− Cash12.7BUS$81.0M− Inv. Sec.0.11BUS$0.69M+ NCI80.2BUS$512MEV
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Performance & Balance
Revenue 5Y (¥B)
92.6US$591M'22/389.1US$568M'23/392.1US$587M'24/3106US$675M'25/399.4US$634M'26/3
EBITDA 5Y (¥B)
7.42US$47.3M'22/36.99US$44.6M'23/38.40US$53.5M'24/310.00US$63.7M'25/310.7US$68.5M'26/3
Net Income 5Y (¥B)
3.78US$24.1M'22/33.76US$24.0M'23/34.57US$29.2M'24/35.17US$33.0M'25/37.50US$47.8M'26/3
Capital Structure
93%
EquityD/E 0.07xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
18.4US$117M13.0US$83.0M'22/317.0US$108M11.5US$73.2M'23/323.2US$148M10.0US$64.1M'24/321.6US$138M8.46US$54.0M'25/326.3US$168M7.89US$50.3M'26/3
Shareholders
Top 10 hold 53.8%
1
Shikoku Electric Power Company,Incorporated
31.69%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.97%
3
YONDENKO CORPORATION Employee Stock Ownership Association
5.49%
4
Custody Bank of Japan, Ltd. (Trust Account)
2.28%
5
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND620065 (Standing Proxy: Mizuho Bank, Ltd.)
1.82%
6
Nippon Life Insurance Company
1.12%
7
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.98%
8
Yoshinogawa Electric Wire & Cable Co., Ltd.
0.92%
9
Hikari Tsushin KK Investment Limited Liability Partnership
0.82%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
0.71%
Management
9 officers
Yukio SEKIYA
Representative Director, President
Apr 1984 Joined Shikoku Electric Power Co., Inc. Mar 2011 Deputy General Manager, Matsuyama Branch, and Head of Sales Department, Shikoku Electric Power Jun 2014 General Manager, Distribution Department, Customer Division, Shikoku Electric Power Mar 2016 General Manager, Distribution Department, Power Transmission and Distribution Division, Shikoku Electric Power Jun 2016 Executive Officer and General Manager, Distribution Department, Power Transmission and Distribution Division, Shikoku Electric Power Apr 2018 Executive Officer, in charge of Distribution Department, Power Transmission and Distribution Company, Shikoku Electric Power Jun 2019 Managing Executive Officer, Assistant to the President, in charge of Distribution Department, Power Transmission and Distribution Company, Shikoku Electric Power Mar 2020 Advisor, Electric Power Division, the Company Jun 2020 Senior Managing Director and General Manager, Electric Power Division, the Company Jun 2021 Director and President, the Company Jun 2023 Representative Director and President, the Company (current) May 2024 Representative Member, Kagawa Keizai Doyukai
1961-02-18
Naoki YAMAZAKI
Representative Director, Senior Managing Executive Officer; in charge of Planning, Personnel and Labor, General Affairs, and Accounting Departments
Apr 1986 Joined Shikoku Electric Power Co., Inc. Mar 2014 General Manager, General Affairs Department, Kochi Branch, Shikoku Electric Power Aug 2016 General Manager, President's Office, the Company Mar 2017 General Manager, Planning and Public Relations Department, the Company Jun 2017 Executive Officer and General Manager, Planning and Public Relations Department, the Company Jun 2019 Managing Executive Officer, Director of President's Office and General Manager, Planning and Public Relations Department, the Company Jun 2020 Senior Managing Director, the Company Jun 2023 Director, Senior Managing Executive Officer, the Company Jun 2024 Representative Director, Senior Managing Executive Officer, the Company (current)
1961-10-30
Kengo MIYOSHI
Director, Senior Managing Executive Officer; General Manager, Building Equipment Division
Apr 1991 Joined the Company Jun 2018 General Manager, Sales Department, Ehime Branch, the Company Mar 2019 General Manager, Planning and Public Relations Department, the Company Jun 2020 General Manager, Planning and Public Relations Department, the Company Jun 2021 Executive Officer and General Manager, Planning Department, the Company Jun 2024 Managing Executive Officer and General Manager, Tokyo Division, the Company Jun 2026 Director, Senior Managing Executive Officer, and General Manager, Building Equipment Division, the Company (scheduled)
1968-11-26
Minako TOTANI
Director (Part-time)
Jan 2001 Auditor, Medical Corporation Seiwakai (current) Apr 2002 Joined Fuji Television Network, Inc. Jun 2012 Left Fuji Television Network, Inc. Sep 2012 Freelance announcer (current) Apr 2013 Joined Millie Inc. (current) Apr 2013 Marugame City Culture and Tourism Ambassador (current) Apr 2023 Expert Member, Council for Future Children's Policy Strategy Jun 2023 Director, the Company (current)
1979-12-14
Kazuhiko ITAYA
Director (Part-time)
Apr 1986 Joined Toshiba Corporation Apr 2002 Senior Research Engineer, Electron Device Laboratory, Research and Development Center, Toshiba Corporation Oct 2008 Research Manager, Electron Device Laboratory, Research and Development Center, Toshiba Corporation Oct 2012 General Manager, Technical Service Department, Toshiba Business & Life Services Corporation Mar 2017 Left Toshiba Business & Life Services Corporation Apr 2017 Professor, Graduate School of Regional Management, Kagawa University Apr 2025 Special Appointed Professor and Deputy Director, Recareer Skill Education Center, Center for Education Promotion and Integration, Kagawa University (current) Professor Emeritus, Kagawa University (current) Jun 2025 Director, the Company (current)
1959-06-19
Miki HIRANO
Director, Audit and Supervisory Committee Member (Part-time)
Aug 1997 Researcher, Institute of Mental Health, National Center of Neurology and Psychiatry (currently National Institute of Mental Health, National Center of Neurology and Psychiatry) Apr 2004 Researcher, Tokyo Metropolitan Institute of Medical Science (currently Tokyo Metropolitan Institute of Medical Science, Foundation) Apr 2006 Associate Professor, Faculty of Law, Kagawa University Apr 2007 Associate Professor, Faculty of Law, Kagawa University Apr 2013 Professor, Faculty of Law, Kagawa University (current) Jun 2021 Director, Audit and Supervisory Committee Member, the Company (current) Apr 2025 Vice President, Kagawa University (current) Apr 2026 Member, Research and Evaluation Committee, Research Institute of Legal Affairs, Ministry of Justice (current)
1968-09-12
Chiaki KATSUMARU (ISHIKAWA)
Director, Audit and Supervisory Committee Member (Part-time)
Apr 1983 Joined Chuo Accounting Office Jun 1986 Joined Ota Showa & Co., Shikoku Office (currently EY Shinnihon LLC, Takamatsu Office) Nov 2002 Outside Audit & Supervisory Board Member, Anabuki Kosan Inc. Feb 2006 Opened Ishikawa Office, Certified Tax Accountant Corporation (current) Jun 2016 President, Shikoku Chapter, Japanese Institute of Certified Public Accountants Jun 2018 Outside Audit & Supervisory Board Member, Mirait Holdings Corporation (currently Mirait One Corporation) Jul 2022 Outside Director, Audit and Supervisory Committee Member, Mirait One Corporation Apr 2023 Member, Information Disclosure and Personal Information Protection Review Board, Ministry of Internal Affairs and Communications (current) Sep 2024 Outside Director, Anabuki Kosan Inc. (current) Jun 2025 Outside Director, Hiramatsu Inc. (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current)
1960-08-04
Kazuhiko ENBAI
Director, Audit and Supervisory Committee Member (Part-time)
Apr 1985 Joined Shikoku Electric Power Co., Inc. Jul 2009 General Manager, General Affairs Department, Matsuyama Branch, Shikoku Electric Power Mar 2012 Deputy General Manager, General Affairs Department (Litigation), Shikoku Electric Power Jun 2015 General Manager, General Affairs Department (in charge of Legal Affairs), Shikoku Electric Power Jun 2017 General Manager, General Affairs Department, Shikoku Electric Power Jun 2019 Executive Officer and General Manager, Ehime Branch, Shikoku Electric Power Jun 2022 Special Officer for Audit (with treatment as Managing Executive Officer), Shikoku Electric Power Jun 2025 Director, Audit and Supervisory Committee Member, and Chairperson of the Audit and Supervisory Committee, Shikoku Electric Power (current) Auditor, Shikoku Electric Power Transmission & Distribution Co., Inc. (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current)
1961-06-21
Kiyoshi FUJII
Director, Audit and Supervisory Committee Member (Part-time)
Apr 1985 Joined Shikoku Kasei Kogyo Co., Ltd. (currently Shikoku Kasei Holdings Co., Ltd.) Apr 1990 Joined Sharp Corporation Jul 1991 Joined Tadano Ltd. Apr 2009 General Manager, Business Administration Department, Tadano Ltd. Jun 2009 Director, Tadano Faun GmbH Feb 2015 General Manager, Global Business Promotion Department, Tadano Ltd. Apr 2017 General Manager, Accounting Department, Tadano Ltd. Aug 2019 CFO, Tadano Demag GmbH Sep 2022 Left Tadano Ltd. Mar 2023 Full-time Audit & Supervisory Board Member, Tadano Ltd. (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current)
1962-08-02
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-06
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-06
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-06
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-04
Quarterly Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-05
Quarterly Securities Report
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