Tanabe Industrial
Basic Information
- Stock Code
- 1828
- Industry
- Construction
- Category Detail
- Construction & Civil Engineering
- Prefecture
- Niigata Prefecture
- Establishment Year
- February 1969
- Listing Year
- September 1993
- Official Website
- https://www.tanabe-ind.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
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Overview
Tanabe Industrial is a specialized construction company founded in 1969 with its headquarters in Niigata Prefecture, primarily engaged in plant equipment works, and has strengths in domestic and international plant construction and equipment maintenance.
Current Situation
Tanabe Industrial achieved consolidated sales of approximately ¥30 billion and standalone sales of approximately ¥28.8 billion in fiscal 2023. It mainly handles equipment works for private plants and also operates a surface treatment business in Thailand. Its head office is located in Joetsu City, Niigata Prefecture, with sales bases in Tokyo and nationwide business expansion. In 2020, it formed a business alliance with NTT East Japan to promote plant equipment efficiency using ICT. The casting industrial furnace business is scheduled to be discontinued by the end of 2025, but going forward, it will focus on plant design and construction, strengthening services in the equipment and electrical works sectors. Leveraging its community-based operations and technical expertise, it aims to provide sustainable plants. It has multiple sales offices and technical centers to accommodate diverse customer needs. In 2023, it relocated its Tokyo head office to Kanda, enhancing urban business development. In the medium to long term, it positions securing new projects in domestic and international environmental plants as key growth drivers.
Trivia
Interesting Facts
- Originated from Omi Town, Niigata Prefecture (now Itoigawa City)
- Listed on Tokyo Stock Exchange Second Section in 2007
- Scheduled to discontinue casting industrial furnace business by end of 2025
- Overseas base in Thailand for surface treatment business
- Major bases in Joetsu City and Chiyoda Ward
- Strengthened ICT field through business alliance with NTT East Japan
- Official club partner of Albirex Niigata
- Multiple technical centers installed across Japan
- Handles not only plant construction but also equipment maintenance
- Advancing business restructuring following end of casting industrial furnace business
Hidden Connections
- Collaborates with NTT Group to utilize ICT technology in plant equipment
- Deep ties with local economy centered on Niigata
- Contributes to regional revitalization through sports support for Albirex Niigata
- Reflects industry changes due to EV proliferation with discontinuation of casting-related business
- Thailand base surface treatment technology maintains Japanese high-quality standards
- Multi-base structure enhances business continuity during disasters
- Contributes to local society as one of the major employers in Joetsu region
- Related and competitive relationships with multiple major construction and plant companies
Future Outlook
Growth Drivers
- Increasing demand for environmentally responsive plant design and construction
- Plant operation efficiency through ICT technology introduction
- Domestic and international energy facility renewal demand
- Customer base strengthening through community-based services
- Expansion of surface treatment business overseas (especially Southeast Asia)
- Growth in decarbonization and renewable energy plant business
- Stable demand in equipment maintenance and preservation field
- Strengthened response to labor shortages via ICT and automation
- New business development after casting industrial furnace business discontinuation
- Expanded comprehensive support for regional environmental conservation needs
Strategic Goals
- Expand plant equipment works sales to ¥40 billion
- Make ICT-utilizing plant operation support services a mainstay
- Increase overseas business revenue ratio to over 20%
- Continuously secure new projects in environmental plant field
- Expand CSR activities for coexistence with regional society
- Establish new business areas beyond casting industrial furnaces
- Enhance employee technical skills and training programs
- Maintain top-level safety and quality management system
- Develop construction technologies for decarbonized society
- Service expansion responsive to diverse customer needs
Business Segments
Plant Equipment Works
- Overview
- Comprehensive response from plant design to construction, installation, and maintenance
- Competitiveness
- Abundant track record and community-based technical support
- Customers
-
- Petrochemical companies
- Steel mills
- Electric power companies
- Environmental companies
- Food factories
- Local governments
- Products
-
- Plant design
- Equipment construction works
- Installation works
- Maintenance and preservation
- Environmental plant equipment
Air Conditioning and Piping Equipment Works
- Overview
- Design and construction of air conditioning equipment and piping for buildings
- Competitiveness
- Rapid response capability based on local presence
- Customers
-
- Commercial facilities
- Factories
- Building management companies
- Public facilities
- Products
-
- Air conditioning equipment installation
- Water supply and drainage piping works
- Gas piping installation
- Facility maintenance management
Electrical Equipment and Transmission/Distribution Works
- Overview
- Design, construction, and maintenance management of electrical and transmission/distribution equipment
- Competitiveness
- Advanced electrical works technology
- Customers
-
- Power plants
- Substations
- Industrial plants
- Infrastructure operators
- Products
-
- Electrical equipment works
- Transmission and distribution equipment installation
- Electrical maintenance management
Surface Treatment Business
- Overview
- High-quality surface treatment services provided from Thailand base
- Competitiveness
- Technical capabilities compliant with international standards
- Customers
-
- Automotive parts manufacturers
- Electronics manufacturers
- Various manufacturing companies
- Products
-
- Metal plating processing
- Surface treatment technology
- Quality management services
Competitive Advantage
Strengths
- Technical expertise specialized in plant equipment works
- Broad sales network with community focus
- Reliability backed by extensive track record
- ICT utilization through business alliance with NTT East Japan
- Versatile response in wide range of equipment works
- Overseas (Thailand) surface treatment business expansion
- Advanced electrical equipment works technology
- Multiple business locations and technical centers
- Highly specialized engineering personnel
- Strength in small- to medium-scale plants
Competitive Advantages
- Integrated construction capabilities from oil refining to environmental plants
- Nationwide network responsive to local needs
- Plant operation efficiency technology using ICT
- Surface treatment services for manufacturing based in Thailand
- Customized response close to customers
- Resource concentration strategy following discontinuation of casting industrial furnace business
- Risk diversification through diverse equipment works
- Expansion strategy in environmental plant business
- High technical quality and safety management system
- Solid financial foundation
Threats
- Economic fluctuations in the construction industry
- Challenges in securing talent and technology succession
- Increased compliance costs due to stricter environmental regulations
- Intensified competition from new entrants
- Foreign exchange risk in overseas operations
- Decline in orders due to reduced plant demand
- Business impact from natural disasters
- Strengthened legal regulations on labor safety
- Increasing costs for aging equipment対応
- Revenue decline from discontinuation of casting industrial furnace business
Innovations
2020: Business Alliance with NTT East Japan
- Overview
- Began efficiency improvement and operational support for plant equipment using ICT technology.
- Impact
- Achieved improved equipment operation efficiency and cost reductions
2023: Tokyo Head Office Relocation for Urban Base Strengthening
- Overview
- Relocated head office to Surugadai, Kanda, Chiyoda-ku, Tokyo, enhancing negotiation capabilities and accessibility.
- Impact
- Expanded sales opportunities and faster customer response
2025: Scheduled Discontinuation of Casting Industrial Furnace Business
- Overview
- Business restructuring in response to declining demand for engine parts due to EV proliferation.
- Impact
- Resource concentration and improved revenue structure
Sustainability
- Promotion of environmentally considerate plant design
- Introduction of energy-saving equipment and strengthened maintenance
- Active regional contribution activities
- Enhanced safety management system and improved working environment
- Efficiency improvement and reduced environmental impact through ICT utilization