Nishimatsu Construction

Basic Information

Stock Code: 1820
Industry: Construction Industry
Category Detail: Construction & Civil Engineering
Prefecture: Tokyo
Establishment Year: September 1937
Listing Year: November 1961
Official Website: https://www.nishimatsu.co.jp/
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Hazama Ando, Taisei Corporation, Obayashi, Shimizu Corporation, Haseko Corporation, Kajima, Okumura Corporation, Toda Corporation, Kumagai Gumi, Infroneer Holdings

Overview

Nishimatsu Construction is a semi-major general contractor established in 1937, with strengths in large-scale public civil engineering projects and diverse building operations as a comprehensive construction company.

Current Situation

Nishimatsu Construction recorded consolidated sales of approximately 401.6 billion yen and operating profit of approximately 18.8 billion yen for the fiscal year ending March 2024, maintaining a stable financial base. It excels in large dam and tunnel civil engineering projects, has a technical partnership with Toda Corporation, and focuses on high-rise buildings, condominiums, and real estate development for diversification. It is expanding orders both domestically and internationally, with increasing track record in Southeast Asia. In recent years, it has promoted system integration for civil engineering works jointly with three companies, and is actively involved in construction DX and development of environmentally friendly concrete. Certified as a Health Management Excellence Corporation, it emphasizes safety, environment, and labor practices. In the medium to long term, it aims for sustainable growth with goals of achieving a decarbonized society and promoting DX. It has strengthened funding through corporate bond issuance and starting operations of an investment corporation, while展開 technological innovations and regional contribution activities across multiple sectors.

Trivia

Interesting Facts

Founded in 1874, with a long history in the construction industry
Pre-war achievement of the largest dam in the Orient
One of the first companies to construct rockfill dams in Japan
First general contractor to achieve nearly 100% electronic manifest usage
Holds patented technology for super high-rise building demolition methods
First general contractor selected for Health Management Stock
Diverse construction records centered on Southeast Asia overseas
Toranomon Hills Business Tower is headquarters location
Developing environmentally friendly concrete specialized for CO2 reduction
Active as a key member of Construction RX Consortium
Has an official mascot character called Nishimatsu Beaver
Celebrated 150th anniversary in 2024 with new logo and CM release

Hidden Connections

Business alliance with Toda Corporation to develop joint civil engineering works platform
Receives many large building construction projects from Sumitomo Realty
Advancing joint research on environmentally friendly concrete with Asahi Soft Drinks
Multiple acquisitions of Ministry of Economy, Trade and Industry Health Management Excellence Corporation certification, including return experience
Deepening construction robot and IoT technology collaboration through Construction RX Consortium
Striving to enhance corporate value by refreshing management structure after past scandals
First as a general contractor to start commercial facility development and operation business
Actively entering biomass power generation and geothermal power generation for diversification

Future Outlook

Growth Drivers

Efficiency improvement through DX promotion including civil engineering works platform
Increasing demand for high-rise buildings and commercial facilities construction
Expansion of large projects in Southeast Asia overseas
Development and expanded application of decarbonization/environmentally friendly technologies
Environmental energy businesses such as biomass and geothermal power generation
Growth in community-focused redevelopment and real estate business
Talent acquisition strengthening through health management and safety management
Deepening of public-private joint R&D
Diverse funding through corporate bonds and investment corporations
Promotion of latest technology introduction such as construction robots
Trust expansion as DX certified company
Utilization of sustainability-linked bonds

Strategic Goals

Achieve industry standardization of civil engineering works platform
Achieve 50% CO2 emissions reduction
Expand sales in construction DX-related business
Increase overseas business ratio to over 30%
Expand biomass and geothermal power generation facilities
Aggressively promote community-focused redevelopment business
Continuous certification as Health Management Excellence Corporation
Annual increase of over 10% in new technology development investment
Full introduction of sustainable materials and methods
Enhance brand value and strengthen social trust

Business Segments

Large-scale Public Works

Overview

Undertakes design and construction of various large-scale public infrastructure, providing high technology for safety and efficiency.

Competitiveness

Reliability based on long track record in government projects and proven construction technology

Customers

Ministry of Land, Infrastructure, Transport and Tourism
Local Governments
Expressway Companies
Airport Operators
Railway Operators
Port Authorities
Energy Companies
Water and Sewage Management Departments
Disaster Prevention Agencies
Ministry of the Environment-related

Products

Dam Construction Works
Tunnel Excavation
Bridge Construction
Coastal Protection Works
Airport-related Civil Works
Highway Construction
Sewage Facility Construction
Disaster Recovery Works
Power Plant Construction
Renewable Energy Infrastructure

Building Construction and Real Estate Development

Overview

Provides planning, design, construction of diverse buildings, as well as real estate development and management services.

Competitiveness

Supported by alliance with Toda Corporation for advanced technology and broad business expansion

Customers

Private Real Estate Companies
Developers
Commercial Facility Operators
Hotel Operators
Educational Corporations
Hospital Operators
Urban Redevelopment Associations
Corporate Headquarters
Housing Manufacturers
Office Building Management Companies

Products

High-rise Building Construction
Commercial Facility Construction
Housing/Condominium Construction
Medical/Welfare Facility Construction
Schools/Educational Facilities
Hotel Construction
Redevelopment Business Planning and Construction
Real Estate Leasing Management
Land Development
Facility Renovation

Technology Development and Construction DX

Overview

Promotes digitalization of construction sites with latest technology and development of low-environmental impact technologies.

Competitiveness

Creates diverse innovative technologies through joint research with multiple companies

Customers

Construction Industry Companies
IT Companies
Research and Development Institutions
Government Agencies
Overseas Construction Partners
Industry-Academia Collaboration Projects
Biomass-related Businesses
Ministry of the Environment-related
Local Governments
Construction RX Consortium Participants

Products

Construction Management Systems
Civil Engineering Works Platforms
Environmentally Friendly Concrete
Robot Construction Technology
IoT Construction Management
Biomass Power Plant Construction
Data Integration Tools
DX Certification Business Support
Sustainable Construction Technology
Food Waste-derived Resource Technology

Competitive Advantage

Strengths

Abundant track record in large-scale public civil engineering works
Solid and sound financial base
Strategic business alliance with Toda Corporation
Strong technological capabilities in diverse building operations
Established presence overseas, especially in Southeast Asia
Advanced environmental technology and DX promotion
Long-term community-integrated business development
Comprehensive talent development and health management
Rich experience in redevelopment and real estate business
Quality and innovation assurance through technology research institute
Active in sustainability
Enhanced collaboration through Construction RX Consortium participation
Track record in public-private joint R&D
Diversified business portfolio
Environmentally friendly measures through own facilities

Competitive Advantages

High trust and track record as a semi-major general contractor
Advanced technology introduction combined with traditional large infrastructure know-how
Broad business coverage enabled by technical alliance with Toda Corporation
Strong customer base from securing large public projects
Rich construction experience overseas including Southeast Asia
Established revenue base in redevelopment and real estate operations
Achieves productivity improvement and cost reduction through construction DX promotion
Strengthens ESG response with sustainable construction technology development
Improved employee satisfaction through Health Management Excellence Corporation certification
Utilization of highly skilled personnel with many Environment Social Certification passers
Diverse funding capabilities utilizing corporate bonds and investment corporations
Service expansion to diverse public and private customer segments
High evaluations and numerous awards in safety and quality management
Leader in developing civil engineering system integration platform
Brand recognition and good relations with local communities

Threats

Impact on orders from fluctuations in public works budgets
Intense talent acquisition competition in construction industry
Risk of cost increases from strengthened environmental regulations
Shrinking domestic construction market trend
Political and currency risks in overseas business
Risk of construction delays and losses from natural disasters
Concerns over declining competitiveness from delayed technological innovation
Decline in social trust from legal compliance violations
Intense price competition with competitors
Deterioration of social image from labor accidents
Rising construction material prices
Loss of improvement opportunities from delayed digital technology adoption

Innovations

2024: Carbon Negative Concrete Development

Overview: Collaborating with Asahi Soft Drinks to conduct R&D on low-environmental impact concrete.
Impact: Contributes to CO2 reduction and promotes environmental improvement at construction sites.

2024: Volcanic Glass Fine Powder Concrete Research

Overview: Started joint development of environmentally friendly concrete using volcanic glass fine powder.
Impact: Develops materials achieving high strength and low environmental impact.

2024: Civil Engineering Works Platform Development

Overview: Promoting system integration and data platforms jointly with Toda Corporation and Okumura Corporation.
Impact: Achieves work efficiency and quality improvement, aiming for industry standardization.

2023: Entry into Biogas Power Generation Business

Overview: New entry into biogas power generation business using food waste.
Impact: Expands business in renewable energy field and contributes to decarbonization.

2021: Achieved Highest WELL Certification Platinum

Overview: Achieved WELL certification for headquarters office realizing healthy and comfortable workplace environment.
Impact: Contributes to employee health promotion and corporate brand enhancement.

2020: Acquired DBJ Green Building Certification

Overview: Acquired certification for environmental performance and sustainability at company-owned building.
Impact: Representative achievement demonstrating promotion of environmentally friendly buildings.

2024: Sustainability-Linked Bond Issuance

Overview: Issued corporate bonds linked to decarbonization and ESG goals for funding.
Impact: Secures sustainable management resources and strengthens investor trust.

2023: Construction Robot and IoT Technology Integration

Overview: Participating in Construction RX Consortium to promote next-generation construction technology.
Impact: Contributes to efficiency improvement and safety enhancement.

Sustainability

Comprehensive partnership agreement for achieving decarbonized society
SBT certification for greenhouse gas reduction targets
Development of low-environmental impact technologies for construction sites
Research on practical use of biodiesel fuel from waste cooking oil
Achieved nearly 100% electronic manifest utilization rate
Acquired Health Management Excellence Corporation certification and strengthened safety and health management
Entry and operation of woody biomass power generation business
Construction digitalization through Construction RX Consortium
Environmental education and awareness activities in collaboration with local communities
Sustainability-linked bond issuance