Asanuma Corporation

Basic Information

Stock Code
1852
Industry
Construction
Category Detail
Construction & Civil Engineering
Prefecture
Osaka Prefecture
Establishment Year
June 1937
Listing Year
July 1963
Official Website
https://www.asanuma.co.jp/
TSE Information
TSE Information
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Other Companies
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Overview

Asanuma Corporation is a mid-sized general contractor based in Osaka Prefecture, established in 1937, with strengths in both public and private construction. It is a Kansai-based construction company.

Current Situation

Asanuma Corporation has recently achieved consolidated sales of approximately 141.4 billion yen and possesses a solid financial foundation. Centered in the Kansai region, it is expanding nationwide, with increasing orders for public works and private construction. The company focuses on fusing traditional construction techniques with the latest construction technologies, emphasizing earthquake resistance and environmentally considerate building construction. As sustainability initiatives, it promotes energy-saving architecture and community contributions, while strengthening collaboration with local communities. Its stable business continuity during the COVID-19 pandemic has been well-received. In the future, it will actively invest in new technologies and explore new markets. Following the impact of the public contract bid-rigging incident, it has thoroughly strengthened compliance and aims for transparent management. It also emphasizes human resource development to further enhance construction quality and safety management systems.

Trivia

Interesting Facts

  • Founded in 1892, it is a long-established construction company with over 130 years of history.
  • Corporate philosophy of 'Spirit of Harmony,' 'Sincerity, Enthusiasm, Creativity' emphasizes thorough honest management.
  • Mid-sized among Kansai-based general contractors, with diverse achievements including Kyoto University Medical School.
  • Once expanded the 'Hi-Mart' condominium series nationwide.
  • Rich track record in large infrastructure projects such as the Kansai International Airport connecting bridge.
  • Operates a technical research institute in Osaka, focusing on enhancing technical capabilities.
  • Working to restore social credibility following the 2020 bid-rigging incident.
  • Listed on the Tokyo Stock Exchange Prime Market and included in the JPX Nikkei Mid and Small Cap Index.
  • Strong relationships with major Kansai general contractors, both competitors and collaborators.
  • Highly evaluated for comprehensive capabilities from construction to design and supervision.
  • Has sales offices overseas and is attempting overseas expansion.
  • Emphasizes safety management, advancing initiatives to reduce labor accidents.
  • Handles not only public facilities but also a wide range of commercial and medical facilities.
  • Has embedded the spirit of harmony in its corporate culture, emphasizing employee collaboration.
  • Conducts community-oriented social contribution activities centered in local Osaka.

Hidden Connections

  • Forms joint ventures (JVs) with many Kansai-based general contractors to advance large-scale projects.
  • Long-term track record in public sector projects leads to advantages in bid winning.
  • Former President Asanuma Kenichi is highly regarded in the construction industry.
  • Deep connections with the real estate industry through past condominium development business.
  • Technical research institute contributes to industry-wide technology standardization.
  • In addition to public facility works, utilizes traditional construction methods in cultural facilities.
  • Collaborates with local architecture schools and universities on human resource development programs.
  • Overseas bases centered in Southeast Asia provide technical support.

Future Outlook

Growth Drivers

  • Increasing public infrastructure demand in Kansai and nationwide
  • Expanding needs for energy-saving and environmentally responsive architecture
  • Improvement in construction efficiency and safety through ICT and IoT utilization
  • Enhanced competitiveness through advanced construction technologies
  • Recovery in housing market and stable commercial facility demand
  • Dissemination of sustainability-responsive technologies
  • Promotion of public investment by local governments
  • Productivity improvement through human resource development and work style reforms
  • Acceleration of expansion into overseas construction markets
  • Expansion of response technologies accompanying strengthened environmental regulations
  • Enhanced brand power through strengthened regional community collaboration
  • Improved customer satisfaction through new technology introduction

Strategic Goals

  • Standardization and dissemination of sustainable construction technologies
  • Maintain and grow sales at around 150 billion yen scale
  • Strengthening of compliance and governance systems
  • Continuously achieve zero labor safety accidents
  • Expansion of region-rooted social contribution activities
  • Construction innovation through full utilization of BIM and IoT technologies
  • Improve female engineer ratio to over 20%
  • Active participation in regional revitalization projects
  • Double the current overseas business ratio
  • Establish zero-emission construction system in harmony with regional environments

Business Segments

Public Works Division

Overview
Division specializing in facility construction and civil engineering works for government agencies and public institutions.
Competitiveness
Strong trust-based relationships with government agencies in the Kansai region
Customers
  • Ministry of Land, Infrastructure, Transport and Tourism
  • Local Governments
  • Public Institutions
  • Boards of Education
  • Police Stations
Products
  • Government Facility Construction
  • School Construction
  • Police Facilities
  • Public Civil Engineering Works
  • Infrastructure Development

Private Construction Division

Overview
Conducts construction business for private commercial facilities, housing, medical, and educational facilities.
Competitiveness
Design and construction capabilities adaptable to a wide range of facility types
Customers
  • Commercial Facility Operators
  • Real Estate Developers
  • Medical Corporations
  • University Corporations
  • Hotel Operators
Products
  • Commercial Facility Construction
  • Condominium Design and Construction
  • Medical Facilities
  • Educational Facilities
  • Resort Facilities

Civil Engineering and Infrastructure Division

Overview
Division with strengths in large-scale infrastructure construction such as airport connecting bridges and expressways.
Competitiveness
Technologies and safety management systems honed through large-scale infrastructure projects
Customers
  • Airport Operators
  • Expressway Companies
  • Railway Operators
  • Local Governments
  • Public Transportation Operators
Products
  • Airport Connecting Bridge Construction
  • Expressway Construction
  • Bridge Works
  • Railway-Related Facilities
  • Land Development

Technology Research and Consulting Division

Overview
Provides technology research and consulting for improving efficiency and quality at construction sites.
Competitiveness
High-quality support from latest technologies and experienced engineers
Customers
  • General Contractors
  • Design Offices
  • Public Institutions
  • Construction-Related Companies
  • University Research Institutions
Products
  • Construction Technology Research
  • Construction Management Consulting
  • Seismic Design Support
  • Environmentally Considerate Design
  • ICT Construction Management

Overseas Business

Overview
Leverages overseas bases to broadly develop overseas construction projects and technical support.
Competitiveness
Fusion of Japanese construction techniques adapted to local conditions
Customers
  • Overseas Construction Companies
  • International Organizations
  • Local Governments
  • Multinational Corporations
  • Foreign Developers
Products
  • Overseas Construction
  • Infrastructure Development
  • Technical Support
  • Consulting
  • International Collaboration Projects

Competitive Advantage

Strengths

  • Solid sales base in the Kansai region
  • Abundant track record in public sector projects
  • Broad responsiveness to private construction
  • High construction quality and technical capabilities
  • Active technology research and development
  • Strong collaboration with local communities
  • Stable order intake due to long-standing credibility
  • Track record in a wide range of construction fields
  • Thorough safety management system
  • Strong financial foundation

Competitive Advantages

  • Established brand power as a general contractor in Kansai
  • Diverse construction know-how integrating public and private sectors
  • Order-winning strength leveraging trust with local customers
  • Active introduction of sustainable construction technologies
  • Fine-tuned service provision rooted in the region
  • Strength in housing division from condominium development experience
  • Continuous improvement of construction techniques through technical research institute
  • Construction systems and management capabilities adaptable to multiple industries
  • Track record in large-scale civil engineering infrastructure works
  • Trust recovery through strengthened compliance system

Threats

  • Decline in credibility due to public works bid-rigging issues
  • Intense price competition in the general contractor industry
  • Challenges in securing new talent and labor shortages
  • Rising construction material costs
  • Risk of project delays due to natural disasters
  • Construction constraints from strengthened environmental regulations
  • Decline in competitiveness from delays in new technology adoption
  • Risk of reduced orders due to economic fluctuations
  • Uncertainty and intensifying competition in overseas expansion
  • Damage to corporate image from labor accidents

Innovations

2023: Promotion of IoT in Construction Management

Overview
Improving quality control and safety through introduction of IoT devices at construction sites.
Impact
15% improvement in construction efficiency, reduction in safety accidents

2024: Expansion of Environmentally Friendly Building Materials Adoption

Overview
Strengthening introduction of recycled materials and energy-saving materials to reduce environmental impact.
Impact
10% reduction in CO2 emissions

2022: Expansion of BIM (Building Information Modeling) Utilization

Overview
Promoting efficiency in design and construction through BIM technology.
Impact
20% reduction in design errors, shortened construction period

2021: Digitalization of Safety Training Systems

Overview
Implementing safety training programs using digital tools.
Impact
Reduction in industrial accident occurrence rate

2020: Establishment of New Technology Research Institute

Overview
Established a research and development organization for construction and environmental technologies.
Impact
Established foundation for medium- to long-term technology development

Sustainability

  • Promotion of energy-saving architecture dissemination
  • Waste reduction and recycling promotion
  • Environmental protection through collaboration with local communities
  • Strengthening occupational safety and health
  • Promotion of women's active roles and diversity
  • Promotion of green procurement
  • Formulation of CO2 emission reduction plans
  • Efficiency improvement through digitalization of construction sites
  • Implementation of construction plans considerate of local environments
  • Promotion of sustainable material procurement
  • Strengthening operation of environmental management systems
  • Maintenance and improvement of ISO 14001 certification