Prices as of 2026/10/30 close
Company comparison · Civil Engineering & Infrastructure




Infroneer is the largest by revenue at ¥1.1T, followed by Ando Hazama (¥439.6B), Nishimatsu (¥396.0B) and Sho-Bond (¥89.2B).
Sho-Bond has the highest operating margin at 23.4%, 16.6 points above the lowest, Infroneer (6.7%).
Revenue growth in the latest results: Infroneer +32.7%, Nishimatsu +8.0%, Ando Hazama +3.4%, Sho-Bond −1.7%. For next year, Infroneer guides for the fastest operating profit growth (+2.6%).
Infroneer pays the most on average (¥11.1M), ¥1.00M more than Ando Hazama (¥10.1M).
Over the past year the shares moved Infroneer +39.0%, Sho-Bond +3.2%, Ando Hazama +2.9%, Nishimatsu −0.3%.
Head-to-head wins16 metrics
One win per metric for the company with the best value. Metrics with no better or worse (P/E, average age, employees) are excluded.
ScaleInvestors
Infroneer aheadInfroneer 3 : Ando Hazama 0 : Nishimatsu 0 : Sho-Bond 0
Revenue: Infroneer ¥1.1T / Ando Hazama ¥439.6B / Nishimatsu ¥396.0B / Sho-Bond ¥89.2B
ProfitabilityInvestors
Sho-Bond aheadInfroneer 1 : Ando Hazama 0 : Nishimatsu 0 : Sho-Bond 2
Operating margin: Infroneer 6.7% / Ando Hazama 7.6% / Nishimatsu 7.1% / Sho-Bond 23.4%
GrowthInvestors
Infroneer aheadInfroneer 5 : Ando Hazama 0 : Nishimatsu 0 : Sho-Bond 0
Revenue growth (YoY): Infroneer +32.7% / Ando Hazama +3.4% / Nishimatsu +8.0% / Sho-Bond −1.7%
Stock & balance sheetInvestors
EvenInfroneer 1 : Ando Hazama 0 : Nishimatsu 1 : Sho-Bond 0
Share price, 1 year: Infroneer +39.0% / Ando Hazama +2.9% / Nishimatsu −0.3% / Sho-Bond +3.2%
Pay & workforceJob seekers
Nishimatsu aheadInfroneer 1 : Ando Hazama 0 : Nishimatsu 2 : Sho-Bond 0
Average salary: Infroneer ¥11.1M / Ando Hazama ¥10.1M / Nishimatsu ¥10.6M
| Metric | Infroneer | Ando Hazama | Nishimatsu | Sho-Bond |
|---|---|---|---|---|
| Revenue | ◎¥1.1T | ¥439.6B | ¥396.0B | ¥89.2B |
| Operating profit | ◎¥75.8B | ¥33.6B | ¥28.0B | ¥20.8B |
| Net income | ◎¥76.6B | ¥29.7B | ¥24.1B | ¥15.4B |
| Metric | Infroneer | Ando Hazama | Nishimatsu | Sho-Bond |
|---|---|---|---|---|
| Operating margin | 6.7% | 7.6% | 7.1% | ◎23.4% |
| Net margin | 6.8% | 6.8% | 6.1% | ◎17.3% |
| ROE | — | — | 13.1% | — |
| Revenue per employee | ◎¥11.0B | ¥132M | ¥146M | — |
| Metric | Infroneer | Ando Hazama | Nishimatsu | Sho-Bond |
|---|---|---|---|---|
| Revenue growth (YoY) | ◎+32.7% | +3.4% | +8.0% | −1.7% |
| Operating profit growth (YoY) | ◎+60.8% | −4.6% | +32.8% | +0.2% |
| Revenue CAGRlast 3 years | ◎+18.1% | +4.5% | — | +2.2% |
| Guidance: revenue growthnext FY plan | ◎+21.4% | +11.5% | +11.1% | +0.9% |
| Guidance: op. profit growthnext FY plan | ◎+2.6% | +1.1% | +1.7% | +0.8% |
| Metric | Infroneer | Ando Hazama | Nishimatsu | Sho-Bond |
|---|---|---|---|---|
| Share price, 1 year | ◎+39.0% | +2.9% | −0.3% | +3.2% |
| Share price, 3 months | −11.0% | −4.4% | ◎−1.4% | −6.9% |
| P/E (trailing)lower = cheaper | — | — | 8.6x | — |
| Equity ratio | — | — | 29.8% | — |
| Share price (close) | ¥2,299 | ¥1,750.5 | ¥5,257 | ¥1,250 |
◎ marks the best value for each metric. Revenue and profit are from the latest full-year earnings release; share prices are closing-price references; P/E = latest close ÷ trailing EPS. For banks and some other financials, revenue means ordinary income.
| Metric | Infroneer | Ando Hazama | Nishimatsu | Sho-Bond |
|---|---|---|---|---|
| Average salary | ◎¥11.1M | ¥10.1M | ¥10.6M | — |
| Starting salary (monthly) | — | ¥275,000 | ◎¥310,000 | ¥304,000 |
| Average tenure | 14.2 yrs | 17.6 yrs | ◎18.9 yrs | 14.2 yrs |
| Average age | 42.8 | 46.3 | 43.8 | 43.6 |
| Employees | 102 | 3,333 | 2,706 | 22 |
Average salary is for the reporting (parent) company and is affected by average age and job mix. Holding companies with few employees are left out of the salary comparison.
Close (Oct 30, 2026)
¥2,299+39.0% (1Y)
Infroneer +39.0% over 1Y. Compared: Ando Hazama +2.9%, Nishimatsu -0.3%, Sho-Bond +3.2%.
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Each line shows the % change from the start of the period. Updated Oct 30, 2026.
Infroneer5 segments
Ando Hazama3 segments
Nishimatsu5 segments
Sho-Bond2 segments
AAverage annual salary from the securities filings: Infroneer ¥11.1M, Nishimatsu ¥10.6M, Ando Hazama ¥10.1M. Infroneer pays the most. Averages also depend on staff age and job mix, so check the average age too (Infroneer 42.8, Ando Hazama 46.3, Nishimatsu 43.8, Sho-Bond 43.6).
ARevenue in the latest results: Infroneer ¥1.1T, Ando Hazama ¥439.6B, Nishimatsu ¥396.0B, Sho-Bond ¥89.2B. Infroneer is the largest by revenue at ¥1.1T, followed by Ando Hazama (¥439.6B), Nishimatsu (¥396.0B) and Sho-Bond (¥89.2B).
AOperating margins: Sho-Bond 23.4%, Ando Hazama 7.6%, Nishimatsu 7.1%, Infroneer 6.7%. Sho-Bond turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): Infroneer +39.0%, Sho-Bond +3.2%, Ando Hazama +2.9%, Nishimatsu −0.3%. Infroneer has risen the most.




Comparing 4 companies (up to 4)
Sources: earnings releases (kessan tanshin), annual securities reports and other public information. Share prices are closing-price references, not real-time. Our data may contain errors; investment decisions are your own responsibility.