Shimizu Corporation (JP:1803)
:1803
Top Page
Shimizu
(1803)
Select Model
Select Model
Rating:75Outperform
Price Target:
¥3,184.00
▲(3.95% Upside)
Action:ReiteratedDate:02/06/26
Score is driven primarily by solid financial performance (improving profitability, healthy leverage, and strong free cash flow recovery). Technicals are supportive with a strong uptrend but tempered by overbought momentum signals (RSI/Stochastic). Valuation is fair but not compelling, with a moderate P/E and modest dividend yield.
Positive Factors
Balance sheet health
Manageable leverage and a solid equity base provide durable financial flexibility for a contractor. With a debt/equity of 0.69 and a 34% equity ratio, Shimizu can better absorb project overruns, finance tender bonds and working capital for large projects, and sustain investment through cycles.
Negative Factors
Volatile revenue growth
Revenue volatility and periodic declines reduce predictability of backlog conversion and cash flow. For a project-driven contractor, irregular top-line trends complicate resource planning, bidding strategy and long-term investment decisions, making earnings and capacity utilization lumpy.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet health
Manageable leverage and a solid equity base provide durable financial flexibility for a contractor. With a debt/equity of 0.69 and a 34% equity ratio, Shimizu can better absorb project overruns, finance tender bonds and working capital for large projects, and sustain investment through cycles.
Read all positive factors
Shimizu (1803) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.83T
Dividend Yield1.48%
Average Volume (3M)2.35M
Price to Earnings (P/E)13.0
Beta (1Y)0.77
Revenue Growth5.14%
EPS Growth773.86%
CountryJP
Employees18,127
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)51.39
Shares Outstanding716,689,400
10 Day Avg. Volume2,270,410
30 Day Avg. Volume2,345,336
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.07
Price to Sales (P/S)0.47
P/FCF Ratio7.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)161.33
Revenue Forecast (FY)¥2.01T
Shimizu Business Overview & Revenue Model
Company Description
Shimizu Corporation engages in the building contracting, civil engineering, machinery, and other construction works in Japan. It is also involved in the research, planning, study, evaluation, diagnosis, soil analysis, surveying, design, supervisio...
How the Company Makes Money
Shimizu primarily makes money by earning contract revenue from construction projects it executes as a general contractor. Its key revenue streams typically include (1) building construction (e.g., commercial, industrial, institutional, and residen...
Shimizu Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
80
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.05T | 1.94T | 2.01T | 1.93T | 1.48T | 1.46T |
| Gross Profit | 243.25B | 200.56B | 94.98B | 166.07B | 144.87B | 194.57B |
| EBITDA | 143.73B | 104.51B | 5.57B | 80.45B | 65.36B | 117.48B |
| Net Income | 106.41B | 66.02B | 17.16B | 49.06B | 47.76B | 77.18B |
Balance Sheet | ||||||
| Total Assets | 2.57T | 2.52T | 2.54T | 2.45T | 2.13T | 1.91T |
| Cash, Cash Equivalents and Short-Term Investments | 399.51B | 438.16B | 339.26B | 386.78B | 287.13B | 276.32B |
| Total Debt | 657.23B | 592.54B | 584.64B | 578.19B | 495.72B | 423.69B |
| Total Liabilities | 1.66T | 1.60T | 1.59T | 1.54T | 1.25T | 1.09T |
| Stockholders Equity | 897.85B | 860.08B | 888.54B | 852.56B | 824.50B | 815.29B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 125.02B | -78.95B | 15.27B | -31.99B | -42.22B |
| Operating Cash Flow | 0.00 | 159.09B | -21.25B | 83.84B | 77.77B | 80.67B |
| Investing Cash Flow | 0.00 | 7.81B | -5.36B | -48.43B | -89.31B | -113.95B |
| Financing Cash Flow | 0.00 | -71.10B | -23.97B | 61.63B | 19.63B | -42.71B |
Shimizu Technical Analysis
Negative
3063.00
Price Trends
3120.45
Negative
2849.78
Negative
2339.12
Positive
Market Momentum
-90.53
Positive
30.79
Neutral
2.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1803, the sentiment is Negative. The current price of 3063 is below the 20-day moving average (MA) of 3210.13, below the 50-day MA of 3120.45, and above the 200-day MA of 2339.12, indicating a neutral trend. The MACD of -90.53 indicates Positive momentum. The RSI at 30.79 is Neutral, neither overbought nor oversold. The STOCH value of 2.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:1803.
Shimizu Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥335.93B | 11.11 | 16.55% | 4.26% | 9.49% | 64.79% | |
75 Outperform | ¥1.83T | 12.97 | 11.22% | 1.48% | 5.14% | 773.86% | |
75 Outperform | ¥2.61T | 10.54 | 14.23% | 2.47% | 2.27% | 70.36% | |
74 Outperform | ¥281.02B | 9.47 | 7.62% | 3.44% | 7.54% | 115.47% | |
71 Outperform | ¥2.86T | 15.14 | 13.56% | 1.96% | 10.52% | 71.09% | |
67 Neutral | ¥2.60T | 15.64 | 16.64% | 1.83% | 6.60% | 114.38% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1803
Shimizu
2,830.00
1,481.90
109.92%
JP:1719
Hazama Ando
1,914.00
602.75
45.97%
JP:1812
Kajima
5,875.00
2,804.58
91.34%
JP:1861
Kumagai Gumi Co
1,625.00
642.40
65.38%
JP:1802
Obayashi
3,794.00
1,812.05
91.43%
JP:1801
TAISEI
15,960.00
9,094.25
132.46%
Shimizu Corporate Events
Shimizu Cuts Size of Treasury Share Disposal for Employee Stock Plan
Mar 19, 2026
Shimizu Corporation has completed payment procedures for the disposal of treasury shares used as restricted stock incentives for its employee stock ownership plan, following a board resolution made in November 2025. The program is designed to gran...
Shimizu Sets Terms and Pricing for ¥41.3 Billion Secondary Share Offering
Mar 16, 2026
Shimizu Corporation has set the terms for a secondary offering of its common stock, following a board resolution earlier in March. The selling price has been fixed at 2,920.5 yen per share, with the total selling value amounting to 41.29 billion y...
Shimizu Overhauls Top Management in Generational Shift and Governance Refresh
Mar 6, 2026
Shimizu Corporation has approved a broad reshuffle of its top management, including the planned retirement of Executive Vice President and Representative Director Kentaro Ikeda and the promotion of Senior Managing Officer Takefumi Saito to Represe...
Shimizu to See 14 Million Shares Sold in Secondary Offering by Major Financial Institutions
Mar 6, 2026
Shimizu Corporation has approved a secondary offering of 14,137,200 existing common shares, to be sold by a group of major financial institutions including Hachijuni Nagano Bank, Mizuho Bank, Mitsubishi UFJ Trust and Banking, The Norinchukin Bank,...
Shimizu Lifts Profit and Dividend Forecasts on Strong Construction Margins and Asset Gains
Feb 5, 2026
Shimizu Corporation sharply upgraded its full-year consolidated and non-consolidated earnings forecasts for the fiscal year ending March 31, 2026, citing stronger-than-expected profitability in domestic architectural and civil engineering projects...
Shimizu Nearly Doubles Nine-Month Profit and Lifts Full-Year Forecast, Dividend
Feb 5, 2026
Shimizu Corporation reported strong earnings for the nine months ended 31 December 2025, with net sales rising 7.6% year-on-year to ¥1.43 trillion and operating income more than doubling, while net income attributable to shareholders nearly d...
Shimizu to Make Aomi Construction a Fully Owned Subsidiary to Bolster Civil Engineering and Offshore Wind Business
Jan 29, 2026
Shimizu Corporation has resolved to acquire 100% of Aomi Construction Co., Ltd. through participation in a third-party allotment capital increase, making Aomi a consolidated and specified subsidiary whose capital will exceed one-tenth of Shimizu&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.