Sho-Bond Holdings

Basic Information

Stock Code
1414
Industry
Construction
Category Detail
Construction & Civil Engineering
Prefecture
Tokyo
Establishment Year
January 2008
Listing Year
January 2008
Official Website
https://www.sho-bondhd.jp/
TSE Information
TSE Information
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Overview

Sho-Bond Holdings is a leading company in the construction industry, established in 2008, specializing in concrete repair, with strengths in technologies for extending the lifespan of bridges and tunnels.

Current Situation

Sho-Bond Holdings recorded consolidated sales of approximately 80 billion yen and operating profit of approximately 15.7 billion yen in FY2021, establishing its position as the top player in Japan's concrete repair and reinforcement market. It excels in core businesses such as bridge, tunnel, and road repair and seismic retrofitting. It maintains competitive advantages through the development of proprietary adhesives and repair materials. It is actively promoting R&D centered on its research institute, developing new construction methods and expanding longevity technologies. It is also focusing on sustainability, introducing resource-saving and energy-efficient technologies to contribute to the sustainable maintenance of social infrastructure. For overseas expansion, it established a joint venture infrastructure maintenance company with Mitsui & Co., aiming to strengthen global deployment in the late 2020s. In the 2020s, it is focusing on advancing repair engineering and improving construction efficiency through DX to accelerate growth. It has a solid financial base with high equity ratio and maintains stable management. It is also strengthening internal governance to enhance corporate value and achieve sustainable growth.

Trivia

Interesting Facts

  • Developed the civil engineering and construction adhesive 'Sho-Bond' in 1959, leading the industry.
  • Played a key role in disaster recovery works after the Great East Japan Earthquake.
  • Proprietary development of industry-first longevity methods and fall prevention technologies.
  • Repair technologies adopted in many major bridges in Tokyo.
  • Numerous subsidiaries with nationwide group expansion.
  • Entering Asian infrastructure markets through joint venture with Mitsui & Co.
  • Engaging in advanced technological development incorporating AI for deterioration diagnosis.
  • Obtained ISO14001 certification for manufacturing environmentally friendly materials.
  • Established a repair engineering research institute for ongoing R&D.
  • Head office in Chuo-ku, Tokyo, in a highly accessible location.
  • Listed on Tokyo Stock Exchange Prime, maintaining high transparency.
  • Supporting social infrastructure through large-scale repair works.
  • Holds the largest share in Japan's domestic concrete repair market.
  • Focus on education for technical staff and emphasis on human resource development.
  • Improving management efficiency through subsidiary integration.

Hidden Connections

  • Accelerated overseas expansion by establishing a joint venture with Mitsui & Co. in 2019.
  • Repair materials widely adopted by leading domestic contractors.
  • Leveraging know-how from disaster recovery sites in various projects.
  • Technological enhancement through merger of subsidiaries integrating material development and construction.
  • Developed adhesives through joint research with the Institute of Industrial Science, University of Tokyo.
  • Built cooperative relationship by providing technologies for the Ministry of Land, Infrastructure, Transport and Tourism's seismic retrofit promotion plan.
  • Business growth synchronized with increasing social needs for infrastructure maintenance and repair.
  • Long-term trusted relationships with major clients support business stability.

Future Outlook

Growth Drivers

  • Increasing repair demand due to aging social infrastructure
  • Growing needs for longevity of public infrastructure
  • Construction efficiency improvements through advanced technologies
  • High-precision diagnosis and design innovation via DX utilization
  • Active overseas market expansion and business diversification
  • Promotion of eco-technology adoption compliant with environmental regulations
  • Tailwinds from government seismic reinforcement promotion policies
  • Product differentiation through new material development

Strategic Goals

  • Expand market share in domestic infrastructure repair sector
  • Achieve overseas sales ratio of over 20%
  • Environmentally responsive products sales ratio over 50%
  • Productivity improvement through full deployment of AI and IoT technologies
  • Promote contributions to sustainable social infrastructure maintenance

Business Segments

Infrastructure Repair and Reinforcement Works

Overview
Comprehensive services from survey, design, to construction for social infrastructure repair and longevity.
Competitiveness
High reliability backed by proprietary repair method development and extensive construction track record.
Customers
  • Public entities
  • Road management companies
  • Railway companies
  • Local governments
Products
  • Bridge repair methods
  • Tunnel repair methods
  • Road repair methods
  • Fall prevention systems

Building Seismic Reinforcement Works

Overview
Seismic reinforcement works and construction management services for existing buildings.
Competitiveness
Customized solutions leveraging high-performance materials and design capabilities.
Customers
  • Private building owners
  • Commercial facility management companies
  • School corporations
  • Hospital operators
Products
  • Carbon fiber reinforcement materials
  • Seismic adhesives
  • Structural repair design

Provision of Repair and Reinforcement Materials

Overview
Manufacturing and sales of various specialized materials for repair works, with technical support.
Competitiveness
Continuous supply of high-quality materials backed by years of technological accumulation.
Customers
  • Construction material wholesalers
  • Construction companies
  • Pipe material retailers
Products
  • Adhesives
  • Injection resins
  • Sealants
  • Lining materials
  • Pipe joints

Consulting and Survey Services

Overview
Technical consulting and deterioration survey services based on repair engineering.
Competitiveness
Advanced technology provision through collaboration with specialized research institute.
Customers
  • Construction consulting firms
  • Local governments
  • Infrastructure operators
Products
  • Structure surveys
  • Durability assessments
  • Design support

Competitive Advantage

Strengths

  • Technological expertise specialized in repair engineering
  • Extensive infrastructure construction track record
  • Proprietary repair and reinforcement material development capabilities
  • Construction methods excelling in safety and durability
  • Strong domestic customer base
  • Stable financial foundation
  • Continuous technological innovation through research institute
  • High-quality management system
  • Contribution to sustainable infrastructure maintenance
  • Collaboration with diverse group companies
  • Largest market share in domestic repair sector
  • Trust from government agencies
  • Securing specialized technical personnel
  • Stable shareholder composition
  • Group-wide management control system

Competitive Advantages

  • Japan's largest specialized company in structure repair
  • Possession of longevity technologies via proprietary methods
  • Ability to provide diverse repair materials comprehensively
  • Integrated system from repair to design and construction
  • High credibility from Tokyo Stock Exchange Prime listing
  • Broad technical support from group companies
  • Numerous certifications from Ministry of Land, Infrastructure, Transport and Tourism
  • Overseas expansion via joint venture with Mitsui & Co.
  • Revenue stabilization from stable customer base
  • Cost advantages from in-house high-function chemical materials
  • Construction technology backed by years of field experience
  • Versatile対応 for water/sewage, rivers, etc.
  • Trusted brand built from public disaster recovery projects
  • Advanced R&D system and research institute presence
  • High social recognition of repair methods

Threats

  • Risk of reduced public works budgets
  • Labor shortage issues in construction industry
  • Accelerated new technology adoption by competitors
  • Economic downturn leading to sluggish capital investment
  • Raw material price fluctuation risks
  • Uncertainty from natural disasters
  • Cost increases from stricter regulations
  • Technological competition from new entrants
  • Decline in competitiveness from delayed innovation
  • Uncertainty in overseas business expansion
  • Fluctuations in aging speed of social infrastructure
  • Construction constraints from strengthened environmental regulations

Innovations

2023: Development of New Longevity Bridge Repair Method

Overview
Developed a repair method that significantly improves the durability of existing bridges and obtained a patent.
Impact
Achieves shortened repair periods and cost reductions.

2022: Introduction of AI-Based Deterioration Diagnosis Technology

Overview
Commercialized a system that enables high-precision evaluation of structure deterioration using AI analysis.
Impact
Significantly improves inspection efficiency and contributes to early deterioration detection.

2021: Development and Commercialization of Environmentally Friendly Adhesives

Overview
Launched repair adhesives that reduce VOC and achieve low environmental impact.
Impact
Contributes to environmental regulation compliance and improved construction safety.

2024: Launch of Overseas Infrastructure Repair Services

Overview
Expanding infrastructure repair technologies to Asian markets through joint venture with Mitsui & Co.
Impact
Contributes to expansion of overseas sales.

2020: High Functionalization of Carbon Fiber Reinforcement Materials

Overview
Developed new carbon fiber reinforcement materials with improved durability and workability.
Impact
Achieves quality improvement in seismic reinforcement works.

Sustainability

  • Active adoption of resource-saving and energy-efficient methods
  • Promotion of low-environmental-impact material development
  • Infrastructure maintenance activities in collaboration with local communities
  • Employee environmental awareness enhancement and training
  • Establishment and compliance with green procurement standards
  • Building rapid recovery support system for disasters
  • Contribution to Sustainable Development Goals (SDGs)
  • R&D of CO2 reduction technologies
  • Promotion of diversity through women's empowerment
  • Strengthening safety and health management
  • Active use of recycled materials
  • Ongoing commitment to global warming countermeasures