ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Industrial Services

Kyudenko Corp.

Business Summary

Kyudenko Corp. engages in the design, construction, administration, and maintenance works of facilities. These include electrical facilities, power distribution and underground power facilities, information and telecommunication facilities, environmental facilities, renewable energy facilities, heating, ventilation, and air conditioning (HVAC), plumbing, sanitation, and fire prevention facilities. It operates through the Installation Work and Others segments. The Installation Work segment provides electrical construction for distribution line, indoor wiring, air conditioning pipe work, and equipment construction. The Others segment covers materials and equipment sales related to construction, real estate sales, renewable energy power generation, temporary staffing, software development, environmental analysis, and golf course management. The company was founded on December 1, 1944 and is headquartered in Fukuoka, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit57,889M427.17M
Operating income32,066M236.61M
Income before tax38,793M286.25M
Net income26,349M194.43M
Diluted EPS371.922.74
Dividends Per Share1100.81
Total Assets446,410M3,354.19M
Total liabilities183,391M1,377.94M
Total equity260,842M1,959.89M
Operating cash flow17,386M128.29M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 408,143M 428,939M 391,901M 376,563M 395,783M
Gross Profit 59,629M 59,040M 55,539M 57,362M 57,889M
Operating income 36,595M 35,931M 32,763M 33,103M 32,066M
Income before tax 39,260M 38,423M 36,784M 36,833M 38,793M
Net income 26,688M 26,246M 25,043M 26,216M 26,349M
EBITDA 42,825M 42,048M 38,608M 39,001M 38,421M
Diluted EPS 375.17 369.99 353.47 370.04 371.92
Dividends Per Share 100 100 100 100 110
Total Assets 357,271M 368,482M 366,532M 378,396M 446,410M
Total liabilities 175,092M 171,037M 144,788M 137,199M 183,391M
Total equity 180,318M 195,611M 219,808M 239,135M 260,842M
Operating cash flow 26,054M 38,222M 9,184M 5,252M 17,386M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 3,680.45M 3,945.14M 3,695.17M 3,351.01M 2,920.53M
Gross Profit 537.70M 543.01M 523.66M 510.46M 427.17M
Operating income 329.99M 330.47M 308.91M 294.58M 236.61M
Income before tax 354.02M 353.39M 346.83M 327.77M 286.25M
Net income 240.66M 241.39M 236.12M 233.29M 194.43M
EBITDA 386.17M 386.73M 364.02M 347.06M 283.51M
Diluted EPS 3.38 3.40 3.33 3.29 2.74
Dividends Per Share 0.90 0.91 0.94 0.88 0.81
Total Assets 3,227.81M 3,413.29M 3,317.03M 3,117.57M 3,354.19M
Total liabilities 1,581.89M 1,584.33M 1,310.29M 1,130.37M 1,377.94M
Total equity 1,629.10M 1,811.96M 1,989.21M 1,970.21M 1,959.89M
Operating cash flow 234.94M 351.54M 86.59M 46.73M 128.29M

Valuation Measures

Mar 2023
Operating margin8.10%
Profit margin6.65%

Key executives

  • President & Representative Director: Naofumi Satou
  • Representative Director, EVP & Head-Operations: Kazuyuki Ishibashi
  • Senior Executive Officer & Manager-Finance: Katsunori Takada
  • Representative Director, EVP & Head-Technology: Masaaki Jono
  • Representative Director & Executive Vice President: Seiki Ino


  • Kyushu Electric Power Co., Inc. (22.5%)
  • Nishi-Nippon Financial Holdings, Inc. (4.5%)
  • Fukuoka Financial Group, Inc. (4.4%)
  • Mondrian Investment Partners Ltd. (3.9%)
  • Kyudenko Employee Stockownership Plan (2.7%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • Rheos Capital Works, Inc. (Investment Management) (2.1%)
  • Kyudenko Union (1.8%)
  • Nishi-Nippon Railroad Co., Ltd. (1.6%)
  • The Vanguard Group, Inc. (1.4%)

Contact Details

Related Companies

  • Bayside Place HAKATA Co., Ltd.
  • Kyudenko Kitayama Tourism Co., Ltd.
  • Three Inn Co., Ltd.
  • Net Medical Center Co., Ltd.
  • Kyudenko Friendly Co., Ltd.
  • Systec Co., Ltd.
  • Natori Mega Solar Kyudenko Green Kikaku LLP
  • Kagoshima Solar Farm Co., Ltd.
  • Shibushi Mega Solar Power Generation Co., Ltd.
  • Rearun Co., Ltd.
  • Setubi Hosyu Center Corp.
  • Ryuhou Engineering Corp.
  • Kawachi Industries Co., Ltd.
  • Sanyu Densetsu Co., Ltd.
  • Kyusetsu Engineering Co., Ltd.
  • Chohoku Densetsu Co., Ltd.
  • Choei Co., Ltd.
  • higo-setubi Co., Ltd.
  • Kumaei Densetsu Co., Ltd.
  • Kaei Densetsu Co., Ltd.
  • KITASETSU Co., Ltd.
  • Chikugo Densetsu Co., Ltd.
  • jinnouchi-koumuten Co., Ltd.
  • Kyudenko South East Asia Pte Ltd.
  • Kyudenko (Thailand) Co., Ltd.
  • Kyudenko Malaysia Sdn. Bhd.
  • Kyudenko Vietnam Co. Ltd.
  • Kyulien Environment Improving Co., Ltd.
  • Asia Projects Engineering Pte Ltd.


    Last Updated on 31 May, 2023

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more