Taisei Corporation

Basic Information

Stock Code
1801
Industry
Construction Industry
Category Detail
Construction & Civil Engineering
Prefecture
Tokyo
Establishment Year
December 1917
Listing Year
September 1957
Official Website
https://www.taisei.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Ando Hazama, Obayashi, Shimizu, Haseko Corporation, Kajima, Nishimatsu Construction, Okumura Corporation, Toda Corporation, Kumagai Gumi, Infroneer Holdings

Overview

Taisei Corporation is a Japanese super general contractor founded in 1917, with strengths in building and civil engineering works, and is actively expanding into overseas markets as a non-family-owned comprehensive construction company.

Current Situation

Taisei Corporation recorded consolidated sales of approximately 1.64 trillion yen and operating profit of 54.7 billion yen for the fiscal year ended March 2023, maintaining high competitiveness as one of Japan's super general contractors. Centering on building and civil engineering works, it undertakes a variety of large-scale infrastructure projects, with a track record in technically demanding constructions such as super high-rise buildings and undersea tunnels. In overseas business, it focuses on large-scale projects like water conveyance pipelines mainly in Asia and the Middle East, expanding by leveraging group strength and technology. Backed by its unique employee shareholder system, it features an employee-driven corporate culture and a system that grants strong authority to on-site operations. In June 2024, it entered a capital and business alliance with Heiwa Real Estate to strengthen competitiveness in the real estate sector. From a sustainability perspective, it is engaged in soil remediation and environmental measures, and focuses on next-generation construction technologies. While addressing recent construction defect issues, it aims to enhance corporate value through safe and technologically superior construction.

Trivia

Interesting Facts

  • Super general contractor stemming from pre-war Okura Zaibatsu but operating as non-family-owned
  • Involved in undersea tunnel construction for Palm Island visible from the moon
  • Unique cooperative-style management including officer selection by employee vote
  • Construction company with domestic top-class soil remediation track record
  • Supported by group companies like Taisei Rotec and Taisei Yuraku Real Estate for diversification
  • Corporate image formed by catchphrase 'Work that remains on the map.'
  • First general contractor listed on Tokyo Stock Exchange
  • Completed Bosphorus Strait crossing tunnel with acute-angle construction technology
  • Maintaining strong technology in super high-rise buildings and large-scale civil works
  • Long-term sponsorship of radio and TV programs
  • Advanced advertising with famous directors in anime CMs
  • Actively addressing scandals to recover corporate value
  • Numerous track records in famous domestic and international buildings and infrastructure
  • Promoting employee consciousness integration through unique employee stock ownership system
  • Sponsors womens' shogi tournament 'Taisei Construction Cup Seiren Tournament'

Hidden Connections

  • Belongs to Fuyo Group with strong capital ties to major companies like Mitsubishi and Sumitomo
  • Collaborates and competes with Mitsui Fudosan, Sumitomo Realty & Development in real estate and housing
  • Significant presence in overseas water pipeline construction centered in UAE
  • Strengthens branding through collaborations with cultural figures like director Makoto Shinkai in corporate ads
  • Established unique management system where employees participate in management through stock ownership
  • Numerous awards including Good Design Award and BCS Award, highly regarded in architecture
  • Extensive track record in domestic and international complex commercial and cultural facilities
  • Contributed to industry-wide safety standard improvements through responses to construction defect issues

Future Outlook

Growth Drivers

  • Expansion of overseas infrastructure market and order increases
  • Increase in domestic urban redevelopment and mega projects
  • Strengthening environmental対応 through ZEB and smart construction technology
  • Stabilization of revenue base through diverse business展開
  • Advanced safety technology and improved construction quality
  • Productivity improvements through digitalization and AI utilization
  • Organizational strengthening through employee-driven management culture
  • Leadership in sustainable construction and environmental technology
  • Synergy creation with real estate sector
  • International order expansion and strengthening of local subsidiaries
  • Supply chain optimization and improved cost management
  • Enhanced regulatory compliance and risk management in construction market

Strategic Goals

  • Expand overseas sales ratio to over 30%
  • Make ZEB-centered environmentally compatible architecture a mainstay
  • Promote automation of construction management using AI and IoT
  • Comprehensive service展開 through group company collaboration
  • Achieve zero safety accidents at construction sites
  • Maintain industry top-class sustainability evaluations
  • 80%+ digitalization rate at construction sites
  • Improve employee satisfaction and promote diversity
  • Continuous investment in new business fields
  • Strengthen collaboration with local communities and activate social contribution activities

Business Segments

Large-scale Building Construction

Overview
Planning, design, and construction of landmark large-scale buildings in urban areas.
Competitiveness
Advanced design technology and construction management capabilities
Customers
  • Government agencies
  • Developers
  • Corporations
  • Public facility managers
Products
  • Super high-rise building construction
  • Public facility design and construction
  • Commercial facility construction
  • Medical facility construction

Civil Infrastructure Business

Overview
Undertaking large-scale civil engineering works with advanced technology.
Competitiveness
Pioneer in undersea tunnel technology
Customers
  • Urban development bureaus
  • Expressway corporations
  • Railway companies
  • Ministry of Land, Infrastructure, Transport and Tourism
Products
  • Undersea tunnels
  • Dam construction
  • Bridge works
  • Subway and railway tunnels

Real Estate and Housing Development

Overview
Planning, development, sales, and management of housing and apartments.
Competitiveness
Integrated service system
Customers
  • Land developers
  • Home buyers
  • Real estate investors
Products
  • Residential subdivision development
  • Apartment design and construction
  • Housing management services

Equipment and Facility Management

Overview
Building maintenance and maintenance services.
Competitiveness
Customer-focused support system
Customers
  • Commercial facility operators
  • Office building management companies
  • Public facility managers
Products
  • Equipment management and maintenance
  • Post-construction maintenance
  • Building operation support

R&D Support

Overview
Design and construction of cutting-edge research facilities and laboratories.
Competitiveness
High-level construction by specialized engineers
Customers
  • Universities
  • Research institutions
  • Pharmaceutical companies
  • Major corporations
Products
  • Research facility construction
  • Laboratory design and construction
  • Facility operation support

Environmental Business

Overview
Conducting business based on technologies to reduce environmental impact.
Competitiveness
Domestic top-class soil remediation track record
Customers
  • Local governments
  • Environmental conservation groups
  • Construction-related companies
Products
  • Soil remediation works
  • Disaster waste processing
  • Environmental measure method development

Overseas Infrastructure Business

Overview
Expanding business through large-scale overseas infrastructure construction.
Competitiveness
Global construction system and technology
Customers
  • Foreign governments
  • International development organizations
  • Local companies
Products
  • Undersea tunnel works
  • Large water conveyance pipeline construction
  • International airport facilities

Security and Safety Management

Overview
Services specialized in ensuring safety at construction sites.
Competitiveness
Safety culture leveraging proprietary know-how
Customers
  • Construction site managers
  • Major general contractors
  • Public project offices
Products
  • Safety management systems
  • Risk assessments
  • Training and education services

Technical Consulting

Overview
Specialized consulting in construction technology and management.
Competitiveness
Abundant track record and technological strength
Customers
  • Construction projects
  • Government agencies
  • Corporations
Products
  • Technical guidance
  • Construction management consulting
  • Project management

Renewable Energy

Overview
Participating in renewable energy business toward decarbonization.
Competitiveness
Large-scale solar power construction track record
Customers
  • Power companies
  • Local governments
  • Corporations
Products
  • Mega solar power plant construction
  • Energy management systems
  • Environmentally compatible equipment design

Cultural Facility Construction

Overview
Dedicated to design, construction, and restoration of social and cultural facilities.
Competitiveness
Extensive experience in historic cultural property works
Customers
  • Local governments
  • Cultural organizations
  • Educational institutions
Products
  • Theater and hall construction
  • Museum and art gallery construction
  • Cultural property preservation and restoration works

Competitive Advantage

Strengths

  • Technological prowess and trust backed by long history
  • Strengths in undersea tunnels and large-scale civil engineering
  • Revenue stability from diversified business展開
  • Strong organizational culture from employee shareholder system
  • Track record and experience in overseas mega projects
  • Large-scale infrastructure construction capabilities
  • Environmental technology and sustainability対応
  • Strong financial base and capital structure
  • Wide-ranging affiliated group (Fuyo Group)
  • High competitiveness and market share in Tokyo metropolitan area
  • Advanced design and construction technology
  • Robust R&D and technological innovation
  • Long-term relationship building with diverse customer base
  • Powerful brand image 'Work that remains on the map.'
  • Thorough safety and quality management

Competitive Advantages

  • Transparency of non-family management and employee-participatory model
  • Technological leadership in diverse large infrastructure projects
  • Aggressive overseas business expansion and track record growth
  • Risk diversification through broad business portfolio
  • Rapid on-site decision-making by delegating authority to employees
  • Advanced implementation and evaluation of low-environmental-impact technologies
  • Integrated real estate development and construction services
  • Strong customer base based on long-term trust relationships
  • Maintaining cost competitiveness through construction standardization and rationalization
  • Sense of security from extensive public and private project experience
  • Broad technological accumulation and applicability in building and civil engineering
  • Sustained brand presence in the industry
  • Talent retention through work-life balance and high employee morale
  • Comprehensive strength through group company collaboration
  • Enhanced corporate image through advertising strategies

Threats

  • Intensifying competition due to declining domestic construction demand
  • Order uncertainty from overseas political risks and policy changes
  • Cost increases from rising material prices and labor shortages
  • Reputation damage risk from construction defects
  • Competitors catching up or surpassing in technological innovation
  • Uncertainty in construction investment due to economic fluctuations
  • Additional costs from strengthened environmental regulations
  • Project and construction schedule delays from disasters

Innovations

2023: Capital and business alliance with Heiwa Real Estate

Overview
Plans to make it an equity-method affiliate through capital alliance and additional share acquisition.
Impact
Business expansion and synergy creation in real estate sector

2022: ZEB Demonstration Building Construction

Overview
Demonstration construction of a zero-energy building with superior environmental performance.
Impact
Promoting business deployment of energy-saving technologies

2021: Opening of Open Meeting Space

Overview
Completion of new in-house interaction space adapted to digitalization.
Impact
Strengthening communication among employees

2020: New Acoustics Lab Establishment

Overview
Installation of R&D facility for latest acoustic technologies.
Impact
Contributing to improved comfort in buildings

2021: Enhancement of Construction Standardization System

Overview
Promoting standardization and rationalization of construction procedures to improve quality.
Impact
Improved work efficiency and defect prevention

2024: Introduction of Smart Construction Technology

Overview
Advancing introduction of construction management systems using AI and IoT.
Impact
Dramatic improvements in safety management and productivity

2023: Development of Environmentally Friendly Soil Remediation Technology

Overview
Developing and practicalizing highly efficient soil remediation technology with low environmental impact.
Impact
Strengthening competitiveness in environmental business

Sustainability

  • Established domestic top-class track record in soil remediation
  • Deployment of carbonization treatment technology to reduce environmental impact
  • Active promotion of energy-saving buildings and ZEB
  • Strengthening safety and health management at construction sites
  • Participation in environmental conservation activities for local communities
  • Reducing power consumption and utilizing renewable energy
  • Expanding adoption of environmentally friendly materials
  • Promoting employee environmental awareness activities
  • Long-term technological development corresponding to climate change
  • Promoting acquisition of green building certifications
  • Improving transparency through CSR reports
  • Compliance with global sustainability standards