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Shimizu Corporation

Shimizu Corporation

1803.T
Shimizu CorporationJP flagTokyo Stock Exchange
2,466.00
JPY
-13.00
- -
1.67TMarket Cap
Shimizu Corporation
1803.T
(Tokyo Stock Exchange)

Recent

price

2,466.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2,024.64
1,661.58
1,702.78
1,804.56
1,908.53
1,998.17
2,122.01
1,997.8
1,936.68
2,122.18
2,201.52
1,909.24
1,990.1
2,613.25
2,754.51
2,792.23
1,513.31
Revenue per Share
-8.73
13.83
1.82
7.52
18.09
42.56
75.61
126.11
108.31
127.04
128.31
101.17
64.09
66.29
23.57
94.8
1.29
Basic EPS, GAAP
69.27
111.39
-13.52
16.83
-12.94
46.28
28.46
143.68
66.58
-93.88
60.48
-55.34
-42.94
20.63
-108.44
179.53
- -
Free Cash Flow per Basic Share
7.01
7.01
7.01
7.01
7.01
7.01
9.52
16.03
31.05
29.05
41.36
32.06
29.9
21.94
24.23
24.21
- -
Dividend per Share
260.19
266.68
261.5
261.97
272.12
307.97
374.55
484.97
562.32
660.46
758.65
836.32
894.52
945.52
908.03
985.93
944.77
Book Value per Share
391.04
372.7
386.47
451.22
473.77
608.7
613.53
729.44
828.81
927.02
938.95
1,051.71
1,146.19
1,197.04
1,271.61
1,277.76
1,271.1
Tangible Book Value per Share
785
785
785
785
785
785
785
785
785
785
771
763
745
740
728
696
706
Basic Weighted Avg Shares
1,589,278
1,303,754
1,336,193
1,416,043
1,497,577
1,567,843
1,664,933
1,567,426
1,519,434
1,664,960
1,698,292
1,456,472
1,482,961
1,933,814
2,005,518
1,944,360
1,068,640
Sales/Revenue/Turnover
1.39
1.55
1.31
0.93
1.74
3.19
5.69
8.22
7.99
7.79
7.88
6.88
3.04
2.83
-1.23
3.65
-2.33
Operating Margin (%)
10,413
10,415
9,440
10,512
10,237
11,387
11,568
11,662
12,399
13,304
13,633
16,710
20,213
25,798
30,256
33,478
- -
Depreciation Expense
-6,850
10,848
1,430
5,901
14,191
33,397
59,322
98,946
84,978
99,668
98,977
77,176
47,761
49,057
17,163
66,015
914
Net Income, GAAP
- -
46.73
90.94
59.41
49.78
38.7
36.26
27.68
33.65
30.1
29.88
30.24
26.47
31.66
38.01
35.04
38.28
Effective Tax Rate (%)
-0.43
0.83
0.11
0.42
0.95
2.13
3.56
6.31
5.59
5.99
5.83
5.3
3.22
2.54
0.86
3.4
0.09
Profit Margin (%)
142,295
174,465
124,499
145,577
154,940
208,111
252,819
268,223
290,279
308,033
274,355
298,690
301,890
367,811
282,284
308,675
232,746
Working Capital
165,647
229,361
200,856
197,265
210,448
233,565
232,235
195,981
190,531
169,907
198,802
259,865
292,010
343,184
310,086
288,959
270,904
LT Debt
311,210
296,461
307,001
358,093
376,046
481,894
485,653
576,878
656,329
735,241
736,410
821,445
875,171
907,276
948,058
923,808
919,296
Total Equity
- -
1.52
0.23
0.76
1.81
3.82
6.79
10.15
8.24
8.63
8.2
5.71
2.54
2.62
-1.01
3.01
-1.04
Return on Invested Capital (%)
- -
2.18
0.34
1.29
2.63
5.86
9.29
14.23
11.45
12.4
10.71
7.54
4.38
3.88
1.29
4.92
- -
Return on Capital (%)
-3.25
5.25
0.69
2.87
6.77
14.67
22.15
29.34
20.68
20.78
17.94
12.62
7.32
7.18
2.52
9.8
0.14
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
293,101
- -
303,880
LT Borrowings
310,086
- -
270,904
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
714
- -
698
Market Capitalization
739,154
638,014
694,507

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
1,470,680
- -
1,331,845
Cash, Cash Equivalents & STI
339,256
- -
285,943
Accounts Receivable, Net
903,841
- -
781,732
Inventories
88,937
- -
96,829
Total Current Liabilities
1,188,396
- -
1,099,099
Payables & Accruals
- -
- -
- -
ST Debt
293,101
- -
303,880
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.92%
4.74%
-2.56%
Free Cash Flow
-132.96%
-247.58%
-258.35%
Net Income, GAAP
30.91%
32.44%
284.64%
Sales/Revenue/Turnover
2.75%
3.73%
-3.05%
Total Cash Common Dividend
17.63%
-11.03%
-4.46%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
441,361
495,517
511,635
557,005
2,005,518
2025
- -
- -
- -
- -
1,944,360
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.28
- -
- -
- -
23.57
2025
- -
- -
- -
- -
94.8
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
24.23
2025
- -
- -
- -
- -
24.21
2026
- -
- -
- -
- -
- -
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Shimizu Corporation (SHMUF)
Business
Shimizu Corporation (1803.T) is a Japan-based general contractor primarily engaged in building construction, civil engineering, and related engineering services. Founded in 1804 and headquartered at 2-16-1 Kyobashi, Chuo-ku, Tokyo, the company provides a comprehensive range of services including planning and consulting; development and financing; design; construction of offices, plants, hospitals, schools, high-rise buildings, residential properties, tunnels, bridges, dams, urban infrastructure, and energy facilities; facility management; maintenance; renovation; engineering and technology solutions; and research and development. It operates through two main segments--construction and investment development--with additional activities in real estate leasing, power generation from wooden biomass, equipment rental, insurance agency services, and landscaping. Shimizu serves domestic and international clients across Asia, Europe, North America, the Middle East, and Africa, employing 11,163 people as of March 31, 2025 (21,286 consolidated). The company constructs manufacturing facilities, solar and wind power projects, environmental clean-up initiatives, and turnkey plants, while also offering engineering, procurement, and construction services for ICT systems and public infrastructure. In overseas operations, Shimizu delivers modern industrial facilities, site selection assistance, and specialized solutions for contamination remediation, waste disposal, wastewater treatment, energy efficiency, and information technology integration. Domestically, it focuses on large-scale projects emphasizing disaster prevention, energy efficiency, and advanced functionality. Recent developments include the February 2025 acquisition of a majority stake in U.S.-based Cross Management Corp., a New York firm specializing in alterations and interiors for financial and retail sectors, to bolster North American high-margin operations under its Overseas In-House Company System launched in 2024. In May 2025, Shimizu commenced a tender offer for shares of The Nippon Road Co., Ltd. (1884.T), a road construction firm, signaling strategic expansion in civil engineering. Additional 2025 milestones encompass participation in a townhouse development project in Indonesia (September), a renovation contract for Kigoma Port in Tanzania (February), and a joint R&D project with The University of Tokyo, Kyocera, and others on AI-native wireless networks (July). The company also advanced share buybacks, completed multiple tranches by September 2025, and initiated research into floating city solutions in the Netherlands as the sole Japanese participant.