1963
JGC HOLDINGS CORPORATION
日揮ホールディングス株式会社
Construction
JGC Holdings Corporation, together with its subsidiaries, provides engineering, procurement, and construction services. It operates in two segments, Total Engineering and Functional Materials Manufacturing. The Total Engineering segment is involved in the planning, design, procurement, construction, and commissioning services of machinery, facilities and plants for petroleum, petroleum refining, petrochemicals, gas, liquefied natural gas, etc. The Functional Materials Manufacturing segment manufacture and distributes products in catalyst, nanoparticle technology, hygiene and safety, electronic materials, and high-performance ceramic, and next generation energy sectors. In addition, the company provides consulting, real estate management, and water desalination, as well as sells oil and gas. It serves in Japan, Southeast Asia, the Middle East, Africa, North America, and internationally. The company was formerly known as JGC Corporation and changed its name to JGC Holdings Corporation in October 2019. JGC Holdings Corporation was incorporated in 1928 and is headquartered in Yokohama, Japan.
Price
¥2,728
Market Cap
¥659.4B
Ent. Value
¥350.6B
Net Cash
¥308.8B
Shares Out.
241.7M
P / E
—
EV / EBIT
—
P / Book
1.69×
P / NCAV
3.89×
Div. Yield
1.47%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥858.1B | ¥832.6B | ¥606.9B | ¥428.4B |
| Cost of Sales | ¥839.2B | ¥821.9B | ¥540.2B | ¥383.0B |
| Gross Profit | ¥18.9B | ¥10.7B | ¥66.7B | ¥45.4B |
| SG&A | ¥30.4B | ¥29.7B | ¥30.0B | ¥24.7B |
| Operating Income | ¥-11.5B | ¥-19.0B | ¥36.7B | ¥20.7B |
| Non-Operating Income | ¥27.0B | ¥22.7B | ¥15.3B | ¥9.8B |
| Dividend Income | ¥4.1B | ¥1.0B | ¥2.1B | ¥2.1B |
| Interest Income | ¥16.8B | ¥15.7B | ¥7.4B | ¥1.1B |
| Non-Operating Expenses | ¥4.2B | ¥3.4B | ¥1.4B | ¥491M |
| Interest Expense | ¥1.2B | ¥1.4B | ¥1.2B | ¥419M |
| Ordinary Income | ¥11.3B | ¥358M | ¥50.6B | ¥30.0B |
| Pre-tax Income | ¥8.3B | ¥2.8B | ¥48.8B | ¥-27.3B |
| Income Taxes | ¥8.7B | ¥10.7B | ¥18.8B | ¥8.2B |
| Current Tax | ¥8.3B | ¥18.4B | ¥19.3B | ¥7.8B |
| Deferred Tax | ¥-606M | ¥-7.7B | ¥-538M | ¥463M |
| Net Income (owners) | ¥-398M | ¥-7.8B | ¥30.7B | ¥-35.6B |
| Minority Interest | ¥-61M | ¥-22M | ¥-618M | ¥54M |
| Comprehensive Income | ¥13.9B | ¥-1.2B | ¥33.4B | ¥-27.4B |
| EBITDA | ¥-890M | ¥-9.3B | ¥44.5B | ¥27.9B |
| EPS | ¥-1.65 | ¥-32.48 | ¥122.28 | ¥-140.77 |
| Shares Outstanding | 241.7M | 241.5M | 240.6M | 252.6M |
| Shares Issued (total) | 259.6M | 259.5M | 259.4M | 259.3M |
| Treasury Shares | 17.9M | 17.9M | 18.8M | 6.8M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥784.2B | ¥792.3B | ¥713.1B | ¥694.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥561.3B | ¥603.6B | ¥539.5B | ¥533.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥333.7B | ¥325.0B | ¥333.0B | ¥288.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥66.2B | ¥67.7B | ¥57.1B | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥222.9B | ¥188.7B | ¥173.6B | ¥160.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥88.3B | ¥84.4B | ¥72.2B | ¥69.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥14.2B | ¥13.3B | ¥11.0B | ¥9.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥80.4B | ¥56.1B | ¥59.2B | ¥55.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥24.8B | ¥22.8B | ¥15.5B | ¥13.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥391.9B | ¥404.4B | ¥315.1B | ¥306.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥346.9B | ¥350.7B | ¥272.2B | ¥253.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥1.0B | ¥4.6B | ¥2.9B | ¥10.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥2.6B | ¥5.5B | ¥4.8B | ¥5.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥45.0B | ¥53.7B | ¥42.9B | ¥52.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥23.9B | ¥34.7B | ¥23.9B | ¥31.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥12.4B | ¥11.5B | ¥12.8B | ¥15.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥3.7B | ¥2.2B | ¥1.4B | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥392.3B | ¥387.9B | ¥398.0B | ¥387.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥23.9B | ¥23.8B | ¥23.7B | ¥23.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥25.5B | ¥25.4B | ¥25.8B | ¥25.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥340.5B | ¥350.5B | ¥369.1B | ¥342.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-25.5B | ¥-25.5B | ¥-26.7B | ¥-6.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥26.3B | ¥12.0B | ¥5.5B | ¥2.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥364.4B | ¥374.2B | ¥391.9B | ¥384.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥1.6B | ¥1.7B | ¥637M | ¥517M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥24.9B | ¥39.3B | ¥26.8B | ¥42.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥308.8B | ¥285.7B | ¥306.2B | ¥245.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥169.4B | ¥199.2B | ¥224.3B | ¥226.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥701 | ¥825 | ¥932 | ¥898 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,508 | ¥1,549 | ¥1,629 | ¥1,524 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥46.8B | ¥11.1B | ¥110.8B | ¥19.3B |
| Interest Paid | ¥-1.1B | ¥-1.2B | ¥-932M | ¥-419M |
| Interest Received | ¥18.8B | ¥19.9B | ¥10.0B | ¥5.3B |
| D&A | ¥10.6B | ¥9.7B | ¥7.8B | ¥7.2B |
| Investing CF | ¥-21.2B | ¥-20.2B | ¥-11.5B | ¥-7.7B |
| CapEx | ¥9.6B | ¥13.5B | ¥6.6B | ¥5.5B |
| Purchase Investments | ¥-7.9B | ¥-7.9B | ¥-2.6B | ¥-2.4B |
| Proceeds from Invest. | ¥513M | ¥4.1B | ¥939M | ¥2.8B |
| Financing CF | ¥-15.0B | ¥-8.9B | ¥-61.3B | ¥-148M |
| Dividends Paid | ¥-9.7B | ¥-9.1B | ¥-3.8B | ¥-3.0B |
| Share Buybacks | ¥0M | ¥0M | ¥-20.0B | — |
| LT Debt Repaid | ¥-759M | ¥-664M | ¥-9.2B | ¥-370M |
| Free Cash Flow | ¥37.2B | ¥-2.4B | ¥104.2B | ¥13.8B |
| Net Change in Cash | ¥8.2B | ¥-9.1B | ¥44.6B | ¥19.4B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | -0.1% | -2.0% | 7.8% | -8.8% |
| ROA | -0.1% | -1.0% | 4.4% | -5.1% |
| EPS | ¥-1.65 | ¥-32.48 | ¥122.28 | ¥-140.77 |
| DPS | ¥40.00 | ¥40.00 | ¥38.00 | ¥15.00 |
| BPS | ¥1,616.43 | ¥1,598.71 | ¥1,651.54 | ¥1,532.72 |
| FCF/Share | ¥154 | ¥-10 | ¥433 | ¥55 |
| NCAV/Share | ¥701 | ¥825 | ¥932 | ¥898 |
| Payout Ratio | — | — | 31.1% | — |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 5
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-14
15:30
|
Div Increase | ¥52.0/sh +30% | Nippon Yuriage Holdings announced an increase in annual dividend per share from the previously forecasted 40 yen to 52 y… | |
|
Summary
Nippon Yuriage Holdings announced an increase in annual dividend per share from the previously forecasted 40 yen to 52 yen for fiscal year ended March 31, 2026, driven by better-than-expected net profit of 41.84 billion yen (up 39.5% vs forecast). The total dividend payout of 12.576 billion yen will be paid on June 29, 2026, with an effective date of March 31, 2026.
Deadline: 2026-06-29
YoY: +30%
Source (JP)
2026年3月期の年間配当金につきましては1株当たり40円を見込んでおりましたが、本日公表いたしました2026年3月期の業績のとおり、親会社株主に帰属する当期純利益が予想より増加し418億42百万円となったことを受け、配当予想より12円増額し、1株当たり52円とさせていただく予定です。
2026年3月期通期連結業績予想値と実績値との差異、個別業績の前期実績値との差異及び剰余金の配当に関するお知らせ
TDnet PDF
|
||||
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
44,221 | 18.29% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
29,387 | 12.15% |
| 3 | 日揮商事株式会社 | 12,112 | 5.01% |
| 4 | 公益財団法人日揮・実吉奨学会基本財産口 | 8,433 | 3.48% |
| 5 |
Northern Trust Company
NORTHERN TRUST GLOBAL SERVICES SE, LUXEMBOURG RE LUDU RE: UCITS CLIENTS 15.315 PCT NON TREATY ACCOUNT (常任代理人 香港上海銀行東京支店)
|
6,412 | 2.65% |
| 6 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行)
|
6,316 | 2.61% |
| 7 | BNYMSANV AS AGENT/CLIENTS LUX UCITS NON TREATY 1 (常任代理人 株式会社三菱UFJ銀行) | 5,482 | 2.26% |
| 8 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
3,300 | 1.36% |
| 9 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行)
|
2,960 | 1.22% |
| 10 |
Mizuho Bank
株式会社みずほ銀行
|
2,899 | 1.19% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
30.4%
-0.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
6.5%
+3.7% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
13.3%
-0.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 50.2% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 19.20% | 18.88% | 18.29% -0.59% | |
| Japan Custody Bank 日本カストディ銀行 | 15.18% | 12.42% | 12.15% -0.27% | |
| 日揮商事 | 5.03% | 5.01% | 5.01% | |
| 公益財団法人日揮・実吉奨学会基本財産口 | 3.50% | 3.49% | 3.48% -0.01% | |
| Northern Trust NEW ENTRY | — | — | — | 2.65% NEW |
| State Street | 2.91% | 1.61% | 2.61% +1.00% | |
| BNYMSANV AS AGENT/CLIENTS LUX UCITS NON TREATY 1 NEW ENTRY | — | — | — | 2.26% NEW |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 2.28% | 1.36% | 1.36% | |
| JP Morgan | 1.19% | 1.20% | 1.22% +0.02% | |
| Mizuho Bank みずほ銀行 | 1.20% | 1.20% | 1.19% -0.01% | |
| JPモルガン証券 last seen 2024 | Exited Top 10 | 1.11% | 1.85% | — |
| HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES last seen 2024 | Exited Top 10 | — | 1.12% | — |
| BNY Mellon last seen 2023 | Exited Top 10 | 1.54% | — | — |
| Concentration (HHI) ⓘ | 657 | 560 | 543 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥15,188M
+0% since 2023
Holdings
25
+1 new
8 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥15,188M total | FY2023 ¥15,187M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
SANKYU INC.
山九株式会社
|
2,149 |
350,500
|
1,719 | 350,500 | M |
|
Sumitomo Metal Mining Co., Ltd.
住友金属鉱山株式会社
|
2,089 |
644,000
|
3,251 | 644,000 | M |
|
ENEOS Holdings,Inc.
ENEOSホールディングス株式会社
|
2,074 |
2,651,760
|
1,233 | 2,651,760 | |
|
Sumitomo Mitsui Financial Group, Inc.
株式会社三井住友フィナンシャルグループ
|
1,408 |
+82.2%
↑
371,220
|
1,079 | 203,700 | M |
|
IHI Corporation
株式会社IHI
|
1,333 |
129,200
|
428 | 129,200 | M |
|
INPEX CORPORATION
株式会社INPEX
|
1,318 |
-50.0%
↓
640,800
|
1,790 | 1,281,600 | M |
|
YOKOGAWA ELECTRIC CORPORATION
横河電機株式会社
|
853 |
295,000
|
634 | 295,000 | M |
|
Nikkiso Co.
日機装株式会社
|
780 |
612,000
|
575 | 612,000 | M |
|
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
|
659 |
162,790
|
305 | 162,790 | M |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学株式会社
|
403 |
173,347
|
340 | 173,347 | |
|
TSUKISHIMA HOLDINGS CO., LTD.
月島ホールディングス株式会社
|
359 |
NEW
New
210,000
|
— | M | |
|
繧ウ繧ケ繝「繧ィ繝阪Ν繧ョ繝シ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ
コスモエネルギーホールディングス株式会社
|
320 |
50,000
|
214 | 50,000 | |
|
Idemitsu Kosan Co.,Ltd.
出光興産株式会社
|
299 |
+400.0%
↑
284,000
|
164 | 56,800 | |
|
Sompo Holdings, Inc.
SOMPOホールディングス株式会社
|
272 |
+200.0%
↑
60,300
|
105 | 20,100 | M |
|
SUMITOMO CHEMICAL COMPANY, LIMITED
住友化学株式会社
|
257 |
712,427
|
317 | 712,427 | |
|
KH Neochem Co.,Ltd.
KHネオケム株式会社
|
182 |
72,400
|
173 | 72,400 | |
|
Mitsubishi Estate Company, Limited
三菱地所株式会社
|
173 |
71,259
|
112 | 71,259 | |
|
Denka Company Limited
デンカ株式会社
|
103 |
48,400
|
132 | 48,400 | |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス株式会社
|
89 |
15,600
|
39 | 15,600 | M |
|
Kyokuto Boeki Kaisha, Limited
極東貿易株式会社
|
65 |
42,000
|
63 | 42,000 | M |
| 株式会社コンコルディア・フィナンシャルグループ | 3 |
3,600
|
1 | 3,600 | M |
|
CHIYODA CORPORATION
千代田化工建設株式会社
|
— | — | M | ||
|
TOYO ENGINEERING CORPORATION
東洋エンジニアリング株式会社
|
— | — | M | ||
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ株式会社
|
— | — | M | ||
| MS ADインシュアランス グループ ホールディングス株式会社 | — | — | M | ||
|
Resonac Holdings Corporation
株式会社レゾナック・ホールディングス
|
— |
−100%
Exit
—
|
253 | 116,500 | |
|
ONO PHARMACEUTICAL CO., LTD.
小野薬品工業株式会社
|
— |
−100%
Exit
—
|
234 | 84,700 | |
|
YAMATO HOLDINGS CO.,LTD.
ヤマトホールディングス株式会社
|
— |
−100%
Exit
—
|
1,259 | 555,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
307 | 362,850 | M |
| 月島機械株式会社 | — |
−100%
Exit
—
|
228 | 210,000 | M |
|
TOSOH CORPORATION
東ソー株式会社
|
— |
−100%
Exit
—
|
206 | 115,000 | |
|
taisei corporation
大成建設株式会社
|
— |
−100%
Exit
—
|
20 | 5,000 | M |
| 三井住友トラスト・ホールディングス株式会社 | — |
−100%
Exit
—
|
6 | 1,500 | M |
| Portfolio total | 15,188 | 15,187 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding