**Construction Industry:** 60%
**Real Estate Development:** 25%
**Environmental Technologies:** 15%

**TOP 3 Markets:**
**Japan:** 70%
**Southeast Asia:** 20%
**Australia:** 10%

Nishimatsu Construction Co., Ltd. generates the majority of its revenues from the construction industry, followed by real estate development and environmental technologies. The Japanese market is the most significant for the company, followed by Southeast Asia and Australia. These markets offer significant growth opportunities due to infrastructure development and urban expansion.

**Main production sites:** Japan, Southeast Asia

Nishimatsu Construction Co., Ltd. is a Japanese construction company that mainly operates in Japan. The company is known for its construction projects in the infrastructure sector, including roads, bridges, and tunnels. In addition to Japan, Nishimatsu has also carried out projects in other parts of Asia, especially in Southeast Asia. The production facilities and construction projects are therefore primarily located in these regions.

**Revenue Growth:** Estimated at 4-5% annually (2026)

Nishimatsu Construction Co., Ltd. pursues a growth strategy focusing on diversifying its construction projects and expanding into international markets. The company is increasing its investments in sustainable construction projects and renewable energies to meet the growing demand for environmentally friendly construction practices.

In addition, Nishimatsu is leveraging technological innovations, particularly in the areas of digitization and automation, to enhance the efficiency of its construction processes. This strategy aims not only to reduce costs but also to enhance the company's competitiveness on a global scale.

Through partnerships and joint ventures with international construction companies, Nishimatsu aims to expand its presence in Asia and other high-growth regions. This is intended to enable the company to benefit from urban expansion and infrastructure development in these markets.

**Main raw materials:** Steel, cement, wood, aluminum
**Main supplying countries:** China, Australia, Canada, Indonesia

Nishimatsu Construction Co., Ltd. imports a variety of raw materials essential for construction and infrastructure development. Steel and aluminum are mainly sourced from China and Australia, as these countries are major producers and exporters of these materials.

Cement is often imported from Indonesia due to the proximity and production capacities of the country enabling cost-effective procurement. Wood is frequently imported from Canada, known for its sustainable forestry practices and high-quality wood products.

These import strategies allow Nishimatsu Construction to source high-quality materials at competitive prices, crucial for maintaining their construction projects.

**Market share:** Estimated at 5% (2026, based on industry reports)
**EBITDA margin:** 8.2% (2025)
**ROE (Return on Equity):** 10.5% (2025)

Nishimatsu Construction Co., Ltd. is a significant player in the Japanese construction industry, characterized by high competitive intensity. The market share of about 5% indicates that the company holds a solid position, although it is not among the dominant market leaders.

The EBITDA margin of 8.2% suggests that the company operates efficiently, although there is still room for improvement compared to some larger competitors that achieve margins of over 10%. An ROE of 10.5% shows that Nishimatsu Construction is able to achieve a decent return on equity, indicating effective resource utilization.

Nishimatsu's competitive advantage lies in its long-standing experience and good reputation in the industry. However, the company must continue to invest in innovation and efficiency improvements to strengthen its position and compete against larger competitors.

**Institutional Investor Share:** approximately 45% (estimated, based on 2023 data)

**Insider Buys/Sells:** No significant transactions reported (estimated, based on 2023 data)

The institutional investor share in Nishimatsu Construction Co., Ltd. is around 45%, indicating a solid trust from institutional investors in the company. These investors could include pension funds, investment funds, or other large financial institutions.

Regarding insider buys or sells, there are no significant transactions indicating unusual behavior or a change in the management's confidence in the company's future. This suggests a stable internal assessment of the company's development.

**Market share of Nishimatsu Construction Co., Ltd.:** Estimated 2-3% (2026)

**Top competitors and their market shares:**
1. **Obayashi Corporation:** approx. 10%
2. **Kajima Corporation:** approx. 9%
3. **Shimizu Corporation:** approx. 8%
4. **Taisei Corporation:** approx. 7%
5. **Takenaka Corporation:** approx. 6%
6. **Nishimatsu Construction Co., Ltd.:** approx. 2-3%
7. **Kumagai Gumi Co., Ltd.:** approx. 2%
8. **Haseko Corporation:** approx. 1.5%
9. **Tokyu Construction Co., Ltd.:** approx. 1.5%
10. **Penta-Ocean Construction Co., Ltd.:** approx. 1.5%

Nishimatsu Construction Co., Ltd. has a relatively small market share compared to the largest construction companies in Japan. The market share of about 2-3% indicates that the company operates in a highly fragmented market where the largest players hold significant shares.

**Economic moat:**
Nishimatsu Construction has a moderate economic moat, mainly attributed to its long-standing experience and specialized construction projects. Compared to larger competitors like Obayashi or Kajima, which have more extensive resources, a broader international network, and larger project capacities, Nishimatsu's economic moat is less pronounced.

Larger companies tend to have stronger economic moats due to their extensive financial resources, larger project portfolios, and stronger brand recognition. However, Nishimatsu could gain competitive advantages in niche markets or through specialized services.

**Revenue Growth:** 4.8% (2025)
**Profit Growth:** 3.2% (2025)
**Backlog:** 1.2 trillion JPY (2025)

Nishimatsu Construction Co., Ltd. recorded a revenue growth of 4.8% in 2025, indicating solid demand in the construction and infrastructure sector. Profit growth was at 3.2%, pointing to stable margins and efficient cost control.

The company's backlog stands at 1.2 trillion JPY, signaling a strong pipeline for future projects. This suggests that the company is well positioned to achieve further growth in the coming years.

Overall, Nishimatsu Construction demonstrates stable financial performance and a promising order backlog. These factors could make the stock an attractive investment, especially for investors interested in long-term growth in the construction and infrastructure sector.

**Dividend Yield:** Estimate: 3.5% (2026)
**Dividend History:** Regular payouts over the past five years

Nishimatsu Construction Co., Ltd. has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 3.5% for the year 2026, based on historical payouts and current market trends.

The company has a solid financial foundation and stable earnings, indicating a reliable dividend policy. The regular payouts in recent years underscore the company's commitment to providing its shareholders with consistent returns.