**Construction and Engineering:** approx. 70%
**Real Estate Development:** approx. 20%
**Other Services:** approx. 10%

**TOP 3 Markets:**
**Japan:** approx. 60%
**USA:** approx. 20%
**Asia (excluding Japan):** approx. 15%

Kajima Corporation generates the majority of its revenue from construction and engineering, which is typical for a company in this industry. Real estate development and other services also contribute significantly to the income.

Japan remains the main market for Kajima, followed by the USA and other Asian countries. These markets are crucial for the company as they offer strong growth opportunities in both construction and real estate development.

**Main production sites:** Japan, USA, Asia-Pacific region

Kajima Corporation is a leading construction company headquartered in Japan. The company operates worldwide and primarily produces its construction projects in Japan, but also has significant activities in the USA and the Asia-Pacific region. Kajima is known for its international construction projects and has branches and projects in various countries to support and carry out local construction projects.

This global presence enables Kajima to flexibly respond to regional construction requirements and offer its expertise worldwide.

**Revenue Growth:** Estimated 5-7% annually (2025 forecast)
**Focus on Sustainability:** Investments in green construction projects and technologies

Kajima Corporation pursues a strategy aimed at sustainable growth and innovation. The company is increasing its investments in green construction projects and technologies to meet the rising demands for environmentally friendly construction practices. This includes the development of energy-efficient buildings as well as the implementation of sustainable building materials.

Additionally, Kajima is focusing on expanding into international markets, particularly in Asia and North America, to capitalize on the growing demand for infrastructure projects. Through strategic partnerships and joint ventures, the company plans to strengthen its market presence and explore new business opportunities.

Another key focus is on the digitization and automation of construction processes to achieve efficiency gains and cost savings. This is intended to be accomplished through the use of Building Information Modeling (BIM) technologies and the integration of IoT solutions.

**Main raw materials:** Steel, cement, wood, aluminum

**Countries of origin:**
- **Steel:** China, South Korea
- **Cement:** Vietnam, Thailand
- **Wood:** Canada, Russia
- **Aluminum:** Australia, India

Kajima Corporation, as one of the leading construction companies in Japan, imports a variety of raw materials to realize their construction projects. Steel and cement are the most important materials, mainly sourced from Asian countries such as China, South Korea, Vietnam, and Thailand. These countries offer cost-effective and high-quality materials that are essential for the construction of large infrastructure projects.

Wood is often imported from Canada and Russia, as these countries have extensive forest resources and supply high-quality construction timber. Aluminum, used for various construction applications, is mainly imported from Australia and India, both significant aluminum producers.

The selection of supplier countries is based on factors such as cost, quality, availability, and logistical efficiency to best meet the requirements of Kajima Corporation.

**Market share:** 5.2% (2024, Japanese construction sector)
**EBITDA margin:** 8.5% (2024)
**R&D expenses:** 1.2% of revenue (2024)

Kajima Corporation is one of the leading construction companies in Japan and has secured a significant competitive advantage through its long-standing experience and expertise. The market share of 5.2% in the Japanese construction sector underscores the company's strong position in a fiercely competitive market.

The EBITDA margin of 8.5% shows that Kajima is able to operate efficiently and generate solid profits, indicating effective cost control and operational excellence. This is an advantage compared to many competitors in the construction industry, who often operate with lower margins.

Additionally, Kajima continuously invests in research and development to develop innovative construction methods and technologies. The R&D expenses of 1.2% of revenue are an indicator of the company's commitment to differentiate itself from the competition through technological advancements and sustainable construction practices. These investments help to secure the competitive advantage in the long term.

**Institutional Investor Share:** approx. 45% (estimated for 2025 based on historical trends)

**Insider Buys/Sells:** No significant transactions known in the last year

The institutional investor share at Kajima Corporation traditionally stands at around 40-50%, indicating the trust of large investment funds and institutional investors in the company's stability and growth potential. These investors value Kajima's strong market position in construction and engineering.

Regarding insider transactions, there have been no significant buys or sells in the last year, suggesting that management has confidence in the current company strategy and future development. This can be seen as a positive signal for investors, indicating stable corporate leadership.

**Market share of Kajima Corporation:** 8% (estimated, 2025)

**Main competitors and their market shares:**
1. **Obayashi Corporation:** 10%
2. **Shimizu Corporation:** 9%
3. **Taisei Corporation:** 9%
4. **Kajima Corporation:** 8%
5. **Daiwa House Industry:** 7%
6. **Sekisui House:** 6%
7. **Takenaka Corporation:** 5%
8. **Nippon Steel & Sumikin Engineering:** 4%
9. **Sumitomo Mitsui Construction:** 3%
10. **Tokyu Construction:** 3%

**Moat of Kajima Corporation:**

Kajima Corporation is one of the leading construction companies in Japan and has secured a solid market share through its long-standing experience, technological innovations, and a strong network of partners. The company's moat mainly consists of its established brand, the ability to realize large and complex construction projects, and its international presence.

Compared to its competitors, Kajima has a moderate moat. Companies like Obayashi and Shimizu have similar strengths and market shares, intensifying the competition. For example, Obayashi has a comparable, if not stronger, moat due to its strong presence abroad and innovative capabilities.

Overall, competition in the construction industry in Japan is high, and while Kajima Corporation has significant strengths, the differences with its competitors are not so significant as to provide a clear advantage. However, continuous investment in new technologies and international expansion could strengthen Kajima's moat in the future.

**Revenue Growth:** 4.5% (2024)
**Profit Growth:** 3.8% (2024)
**Backlog:** 2.3 trillion JPY (2024)

Kajima Corporation recorded a revenue growth of 4.5% and a profit growth of 3.8% in 2024. These stable growth rates indicate a solid business development, supported by strong demand in the construction and engineering sector.

The backlog of 2.3 trillion JPY shows that the company has a well-filled pipeline of projects, securing future revenues. This is a positive indicator of the firm's long-term stability and growth potential.

Additionally, in recent years, Kajima has invested in sustainable construction practices and technologies, strengthening their competitive position in an increasingly environmentally conscious market. These strategic investments could lead to improved profitability and market share gains.

Overall, Kajima Corporation appears to be a promising investment due to its stable financial performance, strong backlog, and strategic investments in future-oriented technologies. However, investors should also keep an eye on external factors such as economic conditions and regulatory changes that could impact the construction industry.

**Dividend Yield:** 3.5% (2025, estimated)
**Dividend History:** Continuous payout over the last 5 years

In recent years, Kajima Corporation has consistently distributed dividends to its shareholders. The dividend yield is currently estimated at 3.5%, which is competitive compared to other companies in the construction and engineering industry.

Kajima has a solid financial position and a strong market presence, indicating that dividend payments could remain reliable in the future. Historically, the company has maintained its dividend policy even in economically challenging times.