| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 1466.00 | -37 |
| Intrinsic value (DCF) | 725.57 | -69 |
| Graham-Dodd Method | 2028.55 | -13 |
| Graham Formula | 2800.52 | 20 |
Yamato Corporation (1967.T) is a leading Japanese construction company specializing in air conditioning, hygiene facilities, civil engineering, and water treatment infrastructure. Headquartered in Maebashi, Japan, the company has been a key player in the Engineering & Construction sector since its founding in 1945. Yamato Corporation provides comprehensive construction services, including design, installation, and management of water and sewerage systems, refrigeration, and firefighting facilities. Its diverse project portfolio spans office buildings, government facilities, medical centers, hotels, supermarkets, and industrial warehouses. The company serves multiple industries, including pipe construction, telecommunications, and steel structure work, making it a versatile player in Japan's infrastructure development. With a strong focus on sustainability and efficiency, Yamato Corporation continues to expand its footprint in Japan's growing construction and engineering market.
Yamato Corporation presents a stable investment opportunity with its niche focus on specialized construction services in Japan. The company's low beta (0.231) suggests lower volatility compared to the broader market, making it a defensive play in the Industrials sector. With a market cap of ¥40.56 billion and solid financials—including ¥48.3 billion in revenue and ¥1.48 billion in net income—Yamato demonstrates steady profitability. The company maintains a healthy cash position (¥8.45 billion) and manageable debt (¥1.18 billion), supporting its dividend payout (¥5 per share). However, its growth prospects may be limited by Japan's mature construction market and demographic challenges. Investors should weigh its stability against potential slow growth in domestic infrastructure spending.
Yamato Corporation holds a competitive edge in Japan's specialized construction sector, particularly in air conditioning, hygiene, and water treatment facilities. Its long-standing presence (since 1945) and expertise in multi-disciplinary projects provide a strong reputation in the industry. The company's diversified service offerings—from civil engineering to firefighting installations—allow it to capture a broad client base, including government and private sector contracts. However, Yamato faces stiff competition from larger construction conglomerates with greater financial resources and international reach. Its regional focus (primarily in Japan) limits exposure to high-growth emerging markets, unlike some global peers. The company's competitive advantage lies in its technical specialization and reliability in niche segments, but it may struggle to compete on large-scale infrastructure projects dominated by industry giants. Its conservative financial strategy (low debt, steady dividends) ensures stability but may hinder aggressive expansion.