Overview
Construction

JGC HOLDINGS CORPORATION

JGC Holdings Corporation is a leading global engineering, procurement, and construction (EPC) company primarily serving the energy and industrial sectors, including oil & gas, LNG, petrochemicals, nuclear, and pharmaceuticals. The group also operates a functional materials manufacturing segment through subsidiaries producing petroleum refining catalysts, nano-particle functional materials, fine ceramics, and electronic materials. Additional businesses include equipment procurement, environmental consulting, water treatment, and sustainable aviation fuel (SAF) production.

Market Cap
¥490B
US$3.13B
EV
¥33.7B
US$215M
Stock¥2,028▼-0.52%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
0.7
x
LTM EV/EBIT
0.8
x
LTM PER
10.2
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+4.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
490BUS$3.13BMarket Cap37.1BUS$237M+ Debt414BUS$2.64B− Cash81.6BUS$521M− Inv. Sec.1.81BUS$11.5M+ NCI33.7BUS$215MEV
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Performance & Balance
Revenue 5Y (¥B)
428US$2.73B'22/3607US$3.87B'23/3833US$5.31B'24/3858US$5.47B'25/3745US$4.75B'26/3
EBITDA 5Y (¥B)
27.9US$178M'22/344.5US$284M'23/3-9.29-US$59.3M'24/3-0.89-US$5.68M'25/346.7US$298M'26/3
Net Income 5Y (¥B)
-35.6-US$227M'22/330.7US$196M'23/3-7.83-US$49.9M'24/3-0.40-US$2.54M'25/341.8US$267M'26/3
Capital Structure
92%
EquityD/E 0.09xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
344US$2.19B72.3US$461M'22/3392US$2.50B36.8US$235M'23/3381US$2.43B39.3US$250M'24/3414US$2.64B36.6US$234M'25/3484US$3.08B36.5US$233M'26/3
Shareholders
Top 10 hold 51.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
19.46%
2
Custody Bank of Japan, Ltd. (Trust Account)
10.50%
3
JGC Trading Corporation
5.00%
4
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.59%
5
JGC Jitsuyoshi Scholarship Foundation (Basic Property Account)
3.48%
6
STATE STREET BANK AND TRUST COMPANY 505019 (Standing Proxy: Mizuho Bank, Ltd.)
2.40%
7
Goldman Sachs Japan Co., Ltd. BNYM (Standing Proxy: MUFG Bank, Ltd.)
2.21%
8
BNYMSANV AS AGENT/CLIENTS LUX UCITS NON TREATY 1 (Standing Proxy: MUFG Bank, Ltd.)
1.64%
9
Sumitomo Mitsui Banking Corporation
1.36%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.33%
Management
14 officers
Masayuki SATO
Representative Director, Chairman and President, Chief Executive Officer
Apr 1979 Joined the Company Jul 2009 Executive Officer, Deputy General Manager, Finance Division Jul 2010 Director, Chief Financial Officer and General Manager, Finance Division Jul 2011 Managing Director, Chief Financial Officer and General Manager, Corporate Management Division Jun 2012 Director and Executive Vice President, Chief Financial Officer and General Manager, Corporate Management Division Apr 2013 Director and Executive Vice President, Chief Financial Officer, General Manager, Corporate Management Division and Head of Security Measures Office Jun 2014 Representative Director, Chairman Jun 2017 Representative Director, Chairman, Chief Executive Officer Apr 2025 Representative Director, Chairman and President, Chief Executive Officer (current)
1955-05-18
Kiyotaka TERAJIMA
Representative Director, Vice President and Executive Officer, Chief Financial Officer
Apr 1981 Joined the Company Aug 2007 General Manager, Compliance Office, Legal and Compliance Management Office Jul 2011 General Manager, Administration Department, Corporate Management Division Jul 2014 Executive Officer, Deputy General Manager, Corporate Management Division Jun 2016 Director, Executive Officer, Deputy General Manager, Corporate Management Division Sep 2016 Director, Executive Officer, General Manager, Corporate Management Division Jun 2017 Director, Managing Executive Officer, General Manager, Corporate Management Division Apr 2018 Director, Senior Managing Executive Officer, Chief Financial Officer and General Manager, Corporate Management Division Apr 2019 Director, Senior Managing Executive Officer, Chief Financial Officer, General Manager, Corporate Management Division and General Manager, Legal and Compliance Management Office Oct 2019 Director, Senior Managing Executive Officer, Chief Financial Officer and General Manager, Group Management Promotion Department Apr 2020 Director, Executive Vice President and Executive Officer, Chief Financial Officer Apr 2023 Representative Director, President, JGC Corporate Solutions Corporation (current) Apr 2025 Representative Director, Vice President and Executive Officer, Chief Financial Officer (current)
1959-03-03
Masaki ISHIKAWA
Director
Apr 1985 Joined the Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Oct 2012 Director-General, Trade Control Department, Trade and Economic Cooperation Bureau Jul 2013 Deputy Director-General, Commerce and Information Policy Bureau Jul 2015 Deputy Director-General, Acquisition, Technology & Logistics Agency, Ministry of Defense Jul 2017 Director-General, Trade and Economic Cooperation Bureau Nov 2019 Advisor, Mitsui Sumitomo Insurance Company, Limited Apr 2021 Executive Officer, the Company Apr 2022 Managing Executive Officer, the Company Jun 2024 Director, Managing Executive Officer, the Company (current)
1962-08-07
Shoji YAMADA
Director
Apr 1983 Joined the Company Apr 2018 Executive Officer, Head of JGC Japan Establishment Preparation Office, Acting General Manager, Domestic Infrastructure Project Division, Infrastructure Division Jul 2018 Executive Officer, Head of JGC Japan Establishment Preparation Office, Acting General Manager, Domestic Infrastructure Project Division, and Acting General Manager, Sales Division Apr 2019 Executive Officer, Head of JGC Japan Establishment Preparation Office, General Manager, Domestic Infrastructure Project Division Oct 2019 Representative Director, President and Executive Officer, JGC Corporation Jun 2021 Director, the Company (current) Jun 2024 Representative Director, Executive Vice President and Executive Officer, JGC Global Corporation Apr 2025 Representative Director, President and Executive Officer, JGC Global Corporation (current)
1960-01-23
Akira NINOMIYA
Full-time Audit & Supervisory Board Member
Apr 1980 Joined the Company Jul 2006 Acting General Manager, Infrastructure Business Division, New Business Development Division, Business Management Division Aug 2007 General Manager, Infrastructure Business Division, New Business Development Division, Business Management Division Mar 2009 Head, London Office, Business Management Division Jul 2015 Representative Director, Vice President, Mizuing Co., Ltd. Jun 2023 Audit & Supervisory Board Member, JGC Corporation (current) Jul 2023 Senior Advisor, Business Management Unit, the Company Jun 2024 Full-time Audit & Supervisory Board Member, the Company (current)
1957-09-06
Hiroyuki MIYOSHI
Full-time Audit & Supervisory Board Member
Apr 1982 Joined the Company Jul 2012 Executive Officer, Acting General Manager, Project Division, International Project Management Division Jul 2013 Director, Acting General Manager, First Project Division Jul 2014 Director, Managing Executive Officer, General Manager, Sales Division Sep 2016 Acting General Manager, Oil & Gas Division Apr 2018 Advisor, the Company Jul 2019 Senior Fellow, the Company Oct 2019 President, Director General, JGC ALGERIA S.p.A. Oct 2025 Senior Fellow, JGC Global Corporation Jun 2026 Audit & Supervisory Board Member, JGC Global Corporation (current) Jun 2026 Full-time Audit & Supervisory Board Member, the Company
1959-03-21
Masayuki MATSUSHIMA
Director
Apr 1968 Joined the Bank of Japan Jun 1998 Executive Director, in charge of International Affairs, Bank of Japan Jun 2002 Senior Advisor, Boston Consulting Group Feb 2005 Senior Executive Advisor, Credit Suisse Securities (Japan) Limited Jun 2008 Chairman, Credit Suisse Securities (Japan) Limited May 2011 Senior Advisor, Boston Consulting Group Jun 2011 Outside Director, Mitsui Fudosan Co., Ltd. Jun 2011 Outside Director, Mitsui O.S.K. Lines, Ltd. Sep 2014 Full-time Advisor, Integral Inc. (current) Jun 2016 Outside Director, the Company (current) Jul 2017 Member, Management Council, Taiyo LLC (current)
1945-06-15
Noriko YAO
Director
Mar 1995 Completed Legal Training and Research Institute of the Supreme Court Apr 1995 Registered as attorney-at-law (Fukuoka Bar Association) Sep 2001 Joined Paul, Hastings, Janofsky & Walker LLP Oct 2002 Registered as attorney-at-law (Daini Tokyo Bar Association) Oct 2002 Admitted to the New York State Bar Jul 2007 Joined TMI Associates Jan 2008 Partner, TMI Associates (current) Oct 2014 Outside Audit & Supervisory Board Member, Overseas Transportation and Urban Development Business Support Organization Nov 2015 Outside Director, Meikoh Network Japan Co., Ltd. Jun 2016 Outside Audit & Supervisory Board Member, SATO Corporation (formerly SATO Holdings Corporation) (current) Jun 2019 Outside Director, Asahi Net, Inc. (current) Jun 2021 Outside Director, the Company (current) Jun 2023 Outside Director, Arata Corporation
1967-08-27
Shinjiro MISHIMA
Director
Apr 1973 Joined Nippon Kokan K.K. Jul 1996 General Manager, Naval Architecture Design Department, Tsu Works, Nippon Kokan K.K. Oct 2002 General Manager, Corporate Planning Department, Universal Shipbuilding Corporation Jul 2006 Executive Officer, Tsu Plant Manager, Universal Shipbuilding Corporation Jul 2008 Representative Director, President, Universal Shipbuilding Corporation Jan 2013 Representative Director, President, Japan Marine United Corporation Apr 2018 Special Advisor, Japan Marine United Corporation Jun 2019 President, The Society of Naval Architects of Japan Apr 2022 Representative Director, Next-Generation Environmentally Friendly Ship Development Center Jun 2024 Outside Director, the Company (current) May 2026 Advisor, Next-Generation Environmentally Friendly Ship Development Center (current)
1949-09-19
Miki HIRANO
Director
Oct 2011 Director, mixi, Inc. Oct 2012 CEO, Spicy Cinnamon Pte. Ltd. Oct 2016 Representative Director, President and Co-CEO, Cinnamon Inc. Jun 2024 Outside Director, the Company (current) Nov 2024 Representative Director, President and CEO, Cinnamon Inc. (current)
1984-01-23
Toshihiro SANO
Director
Apr 1977 Joined Tokyo Electric Power Company, Incorporated Jun 2009 Executive Officer, General Manager, Thermal Power Division Jun 2011 Managing Director, General Manager, Technology Development Division Jun 2012 Managing Executive Officer Apr 2013 Managing Executive Officer, President, Fuel & Power Company Jun 2014 Director and Representative Executive Vice President, President, Fuel & Power Company Apr 2015 Director, JERA Co., Inc. Apr 2016 Director, Tokyo Electric Power Holdings Co., Inc. Apr 2016 President and Representative Director, Tokyo Electric Power Fuel & Power Co., Ltd. Jun 2017 Chairman and Representative Director, Tokyo Electric Power Fuel & Power Co., Ltd. Apr 2019 Chairman and Representative Director, JERA Co., Inc. Apr 2023 Director, JERA Co., Inc. Jun 2026 Outside Director, the Company
1952-09-10
Norio TAKAMATSU
Audit & Supervisory Board Member
Apr 1976 Joined Sumitomo Life Insurance Company Apr 2002 Executive Officer, General Manager, Business Planning Department Apr 2005 Managing Executive Officer Jul 2005 Director, Managing Executive Officer Apr 2010 Representative Director, Senior Managing Executive Officer Jul 2013 Chairman, Sumisei Information Systems Co., Ltd. Jun 2015 Outside Director, Calsonic Kansei Corporation Jun 2016 Outside Audit & Supervisory Board Member, the Company (current)
1952-06-03
Kazuya OKI
Audit & Supervisory Board Member
Oct 1984 Joined Arthur Young Certified Public Accountants (now EY ShinNihon LLC) Mar 1988 Registered as Certified Public Accountant May 1998 Partner, Ohta Showa Audit Corporation (now EY ShinNihon LLC) Aug 2006 Director, ShinNihon Audit Corporation (now EY ShinNihon LLC) Sep 2010 Managing Director, ShinNihon LLC (now EY ShinNihon LLC) Jul 2014 Senior Managing Director, ShinNihon LLC (now EY ShinNihon LLC) Jul 2021 Representative, Kazuya Oki Certified Public Accountant Office (current) Mar 2022 Outside Director, OSM International Inc. (current) Jun 2023 Outside Audit & Supervisory Board Member, the Company (current) Mar 2026 Outside Audit & Supervisory Board Member, Daifuku Co., Ltd. (current)
1961-04-03
Norio FUNAYAMA
Audit & Supervisory Board Member
Apr 1981 Joined The Long-Term Credit Bank of Japan, Limited (now SBI Shinsei Bank, Limited) May 1985 New York Branch, The Long-Term Credit Bank of Japan, Limited Jan 1991 Deputy Manager, Capital Markets Division I Oct 1993 Deputy Manager, Chokyo Securities (seconded) Dec 1994 Executive Director, Asia Chokyo (Hong Kong) (seconded) Apr 1999 Deputy General Manager, Hong Kong Branch Sep 1999 Senior Staff Officer, Planning Department Mar 2000 Senior Staff Officer, Corporate Strategy Department, Shinsei Bank, Limited (now SBI Shinsei Bank, Limited) Jan 2002 General Manager, Corporate Strategy Department Sep 2005 Executive Officer, General Manager, Corporate Strategy Department Nov 2006 Executive Officer, General Manager, Strategy Promotion Office Jun 2008 Managing Executive Officer, General Manager, Corporate Sales Division Mar 2009 Managing Executive Officer, General Manager, Corporate Sales Division and General Manager, General Planning Division Jun 2010 Managing Executive Officer, General Manager, Corporate Sales Division Oct 2010 Managing Executive Officer, General Manager, Osaka Branch Apr 2013 Managing Executive Officer, General Manager, Osaka Branch, and in charge of West Japan Sales Apr 2014 Managing Director, Council of Local Authorities for International Relations (CLAIR) Sep 2019 Outside Director, Compliance Committee Member and Nomination and Compensation Committee Member, Medias Holdings Co., Ltd. (current) Aug 2020 Director, General Manager, Business Division, WEB Marketing Research Institute Co., Ltd. Jun 2021 Auditor, Musashino Agricultural Exchange Village NPO (current) Jun 2024 Chairman, Kawasaki City International Exchange Association (current) Jun 2024 Outside Audit & Supervisory Board Member, the Company (current)
1957-04-28
Large Shareholding Reports
Amova Asset Management Co., Ltd.
2026-04-21
5.21%→5.40%
Amova Asset Management Co., Ltd.
2025-09-19
5.27%→5.21%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-14
中期経営計画
EDINET
2026-04-21
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-07-08
Securities Registration Statement
EDINET
2024-07-08
Securities Registration Statement
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
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-06-03
中期経営計画
EDINET
2021-02-12
Quarterly Securities Report
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