Shimizu Corporation logo

Shimizu Corporation

1803.T

JPXIndustrialsEngineering & Construction

Latest quote

¥2,375

+¥37.00 · +1.58%

Aug 24, 2:41 PM JST

1803.T company overview

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Company profile

Company website

Shimizu Corporation, a venerable Japanese company established in 1804 and headquartered in Tokyo, is a diverse enterprise primarily known for its extensive operations in construction and civil engineering across Japan. This includes general building contracts, large-scale infrastructure projects, and specialized machinery-related endeavors. The company offers a full suite of services throughout the project development lifecycle, ranging from initial research, strategic planning, and detailed studies to expert evaluations, diagnostic assessments, soil analysis, surveying, architectural and engineering design, project supervision, management, and comprehensive consultancy. These capabilities are applied to a wide array of fields, including regional and urban development, marine and aerospace initiatives, resource and energy projects, general construction works, and environmental improvement efforts. Shimizu also maintains a substantial presence in the real estate sector, handling property acquisition, sales, leasing, brokerage, management, valuation, and advisory services. Its construction portfolio encompasses the development, leasing, sale, and upkeep of both residential and commercial structures. Furthermore, the company plays a pivotal role in planning, building, owning, operating, and maintaining crucial public infrastructure like government buildings, transportation networks (roads, ports, airports), parks, and essential community facilities such as educational, cultural, medical, welfare, and utility systems (water supply, sewerage). Beyond its core activities, Shimizu provides essential utility services, including electricity and heat generation, water purification, and comprehensive waste management, encompassing collection, disposal, and recycling. It also specializes in advanced information communication and building management systems, offering services from design and installation to leasing, sales, and ongoing maintenance. The corporation's expansive interests also cover agriculture, aquaculture, and forestry, alongside providing maintenance, security, and cleaning services for buildings and equipment. Shimizu is involved in the design, manufacturing, and trade of various construction machinery, materials, concrete and timber products, furniture, and interior fittings. It manages intellectual property, including industrial rights, copyrights, and computer software, and holds stakes in pharmaceuticals, medical supplies, and equipment. A broad spectrum of additional services offered by Shimizu includes advertising, publishing, printing, media production, event organization, comprehensive logistics (inland transportation, warehousing, distribution), insurance and travel agency operations, human resources solutions, and financial services such as loans, guarantees, and factoring. Lastly, the company provides management and consulting services for sporting venues, hotels, restaurants, nursing homes, and resort facilities.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Kentaro Ikeda
Listed since
Oct 1, 1961
Employees
22,278

Market position

Volume
1.25M
0.35× average
Average volume
3.58M
Average daily volume
Market cap
1.61T JPY
Beta
0.88
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.21T JPY
P/E (TTM)
9.43×
P/B (TTM)
1.59×
P/S (TTM)
0.77×
EV / EBITDA
9.43×
Earnings yield
6.73%
Free cash flow yield
-3.03%
Dividend yield
3.03%

Profitability & efficiency

Gross margin
12.57%
Operating margin
5.75%
Net margin
8.14%
Return on equity
12.95%
Return on assets
4.77%
Return on invested capital
4.76%

Financial health

Debt / equity
0.56×
Current ratio
1.3×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends14%8%3%-3%Gross margin, FY2022: 9.77%Gross margin, FY2023: 8.59%Gross margin, FY2024: 4.74%Gross margin, FY2025: 10.31%Gross margin, FY2026: 12.54%Operating margin, FY2022: 3.04%Operating margin, FY2023: 2.83%Operating margin, FY2024: -1.23%Operating margin, FY2025: 3.65%Operating margin, FY2026: 5.77%Net margin, FY2022: 3.22%Net margin, FY2023: 2.54%Net margin, FY2024: 0.86%Net margin, FY2025: 3.40%Net margin, FY2026: 6.15%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 9.77%. Gross margin FY2023 8.59%. Gross margin FY2024 4.74%. Gross margin FY2025 10.31%. Gross margin FY2026 12.54%. Operating margin FY2022 3.04%. Operating margin FY2023 2.83%. Operating margin FY2024 -1.23%. Operating margin FY2025 3.65%. Operating margin FY2026 5.77%. Net margin FY2022 3.22%. Net margin FY2023 2.54%. Net margin FY2024 0.86%. Net margin FY2025 3.40%. Net margin FY2026 6.15%.

Income trends

Revenue

2.06T JPY+5.83%

Operating income

118.67B JPY+67.07%

Net income

126.62B JPY+91.80%
Income trends across reported periods2.27T JPY1.43T JPY600.06B JPY−232.93B JPYRevenue, FY2022: 1.48T JPYRevenue, FY2023: 1.93T JPYRevenue, FY2024: 2.01T JPYRevenue, FY2025: 1.94T JPYRevenue, FY2026: 2.06T JPYOperating income, FY2022: 45.15B JPYOperating income, FY2023: 54.65B JPYOperating income, FY2024: −24.69B JPYOperating income, FY2025: 71.03B JPYOperating income, FY2026: 118.67B JPYNet income, FY2022: 47.76B JPYNet income, FY2023: 49.06B JPYNet income, FY2024: 17.16B JPYNet income, FY2025: 66.02B JPYNet income, FY2026: 126.62B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.48T JPY. Revenue FY2023 1.93T JPY. Revenue FY2024 2.01T JPY. Revenue FY2025 1.94T JPY. Revenue FY2026 2.06T JPY. Operating income FY2022 45.15B JPY. Operating income FY2023 54.65B JPY. Operating income FY2024 −24.69B JPY. Operating income FY2025 71.03B JPY. Operating income FY2026 118.67B JPY. Net income FY2022 47.76B JPY. Net income FY2023 49.06B JPY. Net income FY2024 17.16B JPY. Net income FY2025 66.02B JPY. Net income FY2026 126.62B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue2.06T JPY1.94T JPY2.01T JPY1.93T JPY1.48T JPY
Cost of goods sold1.8T JPY1.74T JPY1.91T JPY1.77T JPY1.34T JPY
Gross profit258.09B JPY200.56B JPY94.98B JPY166.07B JPY144.87B JPY
Research and development21.27B JPY20B JPY17.82B JPY16.27B JPY
Selling, general, and administrative139.42B JPY108.25B JPY99.68B JPY93.6B JPY83.46B JPY
Operating expenses139.42B JPY129.52B JPY119.67B JPY111.42B JPY99.72B JPY
Interest income3.87B JPY3.51B JPY2.51B JPY955M JPY673M JPY
Interest expense7.57B JPY6.02B JPY5.67B JPY4B JPY2.66B JPY
Depreciation and amortization33.51B JPY33.48B JPY30.26B JPY25.8B JPY20.21B JPY
Operating income118.67B JPY71.03B JPY−24.69B JPY54.65B JPY45.15B JPY
Net income126.62B JPY66.02B JPY17.16B JPY49.06B JPY47.76B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+11.67%
11 comparable reports
Latest EPS result
81.36
Estimate 24.55 · Beat by 231.41%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates86.8361.5636.2911.02Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 42.76, estimate 21.69, surprise +97.14%, Beat. Q2 2025, reported May 12, 2025: actual 35.68, estimate 35.91, surprise -0.64%, Miss. Q3 2025, reported Jul 28, 2025: actual 16.33, estimate 12.97, surprise +25.91%, Beat. Q4 2025, reported Nov 10, 2025: actual 53.65, estimate 18.76, surprise +185.98%, Beat. Q1 2026, reported Feb 5, 2026: actual 51.39, estimate 29.7, surprise +73.03%, Beat. Q2 2026, reported May 12, 2026: actual 67.44, estimate 56.41, surprise +19.55%, Beat. Q3 2026, reported Jul 30, 2026: actual 81.36, estimate 24.55, surprise +231.41%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 33.84, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates654.37B571.06B487.75B404.44BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 490.54B JPY, estimate 486.02B JPY, surprise +0.93%, Beat. Q2 2025, reported May 12, 2025: actual 616.44B JPY, estimate 552.15B JPY, surprise +11.64%, Beat. Q3 2025, reported Jul 28, 2025: actual 441.8B JPY, estimate 429.61B JPY, surprise +2.84%, Beat. Q4 2025, reported Nov 10, 2025: actual 455.21B JPY, estimate 446.71B JPY, surprise +1.90%, Beat. Q1 2026, reported Feb 5, 2026: actual 532.3B JPY, estimate 482.65B JPY, surprise +10.29%, Beat. Q2 2026, reported May 12, 2026: actual 629.21B JPY, estimate 595.46B JPY, surprise +5.67%, Beat. Q3 2026, reported Jul 30, 2026: actual 482.83B JPY, estimate 488.34B JPY, surprise -1.13%, Miss. Q4 2026, reported Nov 10, 2026: actual —, estimate 520.35B JPY, surprise —, Comparison unavailable.

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