Morigumi

Basic Information

Stock Code
1853
Industry
Construction
Category Detail
Construction & Civil Engineering
Prefecture
Osaka Prefecture
Establishment Year
February 1934
Listing Year
July 1963
Official Website
https://www.morigumi.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Ando Hazama, Taisei Construction, Obayashi, Shimizu Construction, Haseko Corporation, Kajima, Nishimatsu Construction, Nankai Tatsumura, Toda Construction, Kumagai Gumi, Primeks, Infronea Holdings, Genex

Overview

Morigumi is an Osaka-based general contractor founded in 1934, conducting solid business in civil engineering and building sectors while leveraging ties with the Haseko Group.

Current Situation

Morigumi maintained a solid financial base in the fiscal year ending March 2018, with net sales of approximately 34.8 billion yen and ordinary income of about 2.8 billion yen. In addition to its mainstay civil engineering projects, it has built up track records in building sectors such as condominiums and commercial facilities, with deep collaboration with related companies including Haseko Corporation. It also operates a quarrying business to ensure stable material procurement. The company focuses on technology development and efficient construction management toward sustainable construction. Moving forward, it aims for sustainable growth by addressing public infrastructure renewal needs and urban redevelopment. Enhanced collaboration with Asahi Kasei Homes is expected due to changes in capital relationships. It maintains competitiveness through strengthened management foundation and regionally rooted business development while pursuing future growth.

Trivia

Interesting Facts

  • Historic construction company founded in 1899
  • Long tradition as a member of the Daiwa-kai association
  • Own crushed stone business ensuring stable material supply
  • Strong regional base centered on Osaka and Kansai area
  • Ongoing capital alliance with Haseko Corporation
  • Track record in diverse public infrastructure works
  • Comprehensive capabilities from design to construction and supervision
  • Focus on regionally rooted welfare facility construction
  • Numerous railway-related facility works
  • Mid-sized general contractor with 362 employees
  • Stable capital of approx. 1.6 billion yen
  • Current president is Yuji Yoshida
  • Governance system with board of auditors
  • Major shareholders are Asahi Kasei Homes and Haseko Corporation
  • Previously had capital ties with Hankyu Railway Group

Hidden Connections

  • Built strong collaboration system in housing construction field through capital alliance with Asahi Kasei Homes
  • Ongoing joint bidding and technical exchanges as part of Haseko Group
  • Active participation in regional economy and joint development as Daiwa-kai member company
  • Historical background as former affiliate of Hankyu Hanshin Holdings
  • Head office located in the historic Dosho-machi office district in central Osaka
  • Evaluation as a technology-oriented company strong in design and surveying for public civil works
  • Quarrying business mitigates construction material market price fluctuation risks
  • Broad business network maintained through overlapping memberships in multiple corporate groups

Future Outlook

Growth Drivers

  • Increasing demand for public infrastructure renewal
  • Activation of urban redevelopment projects
  • Strengthened synergy with Haseko Group
  • Rising demand for environmentally friendly construction
  • Expanded introduction of ICT/digital technology
  • Increasing disaster recovery demand
  • Stable demand for quarrying resources
  • Expansion of welfare facility market due to aging society
  • Increased demand for railway and transportation infrastructure
  • Increase in public-private partnership projects
  • Growth in renovation and retrofit market
  • Adoption of new technologies due to strengthened safety and environmental standards

Strategic Goals

  • Establishment of 50 billion yen sales scale
  • Establishment of construction standards contributing to environmental load reduction
  • Construction efficiency and quality improvement through DX promotion
  • Building strong regionally rooted customer base
  • Establishment of sustainable resource procurement system
  • Completion of diversified business portfolio
  • Continuous improvement of safe work environment
  • Strengthened partnerships with local communities
  • New business creation through group collaboration
  • Acquisition of environmental and safety certifications in construction processes

Business Segments

Public Infrastructure Construction

Overview
Provides safety-focused infrastructure construction services to local governments.
Competitiveness
Long years of public works experience and high technical capabilities
Customers
  • Municipalities
  • Public Works Clients
  • Government Agencies
Products
  • Road Tunnel Works
  • Water and Sewerage Facility Construction
  • Public Facility Renovation

Private Building Works

Overview
Addresses diverse building needs for private companies.
Competitiveness
Collaboration system with Haseko Group
Customers
  • Developers
  • Commercial Facility Operators
  • Logistics Companies
Products
  • Condominium Construction
  • Commercial Facility Construction
  • Logistics Center Construction

Quarrying and Material Supply

Overview
Supplies high-quality construction materials through stable quarrying operations.
Competitiveness
Stable supply capacity from own quarries
Customers
  • Construction Companies
  • Civil Engineering Contractors
  • Material Trading Companies
Products
  • Crushed Stone Products
  • Civil Engineering Materials

Design and Supervision Services

Overview
Provides integrated technical services from surveys to supervision.
Competitiveness
Total support by experienced engineers
Customers
  • Construction Clients
  • Design Offices
  • Supervision Organizations
Products
  • Civil Engineering Design
  • Building Design
  • Site Supervision

Renovation and Retrofit Works

Overview
Provides renovation services including structural modifications and interior works.
Competitiveness
Diverse facility track record and flexible response capabilities
Customers
  • Hotel Operators
  • Welfare Facility Managers
  • Public Facility Management
Products
  • Ballroom New Installation
  • Facility Renovation
  • Barrier-Free Renovation

Railway-Related Works

Overview
Handles construction and renewal of railway infrastructure.
Competitiveness
Specialized know-how in railway works
Customers
  • Railway Companies
  • Public Transportation Operators
Products
  • Station Improvements
  • Track-Related Works
  • Facility Maintenance

Competitive Advantage

Strengths

  • Robust financial foundation
  • Collaboration with Haseko Group
  • High civil engineering construction technology
  • Diverse building track record
  • Stable crushed stone material supply
  • Regionally rooted services
  • Extensive public works experience
  • Integrated construction and management capabilities
  • Excellent design and supervision functions
  • 対応 to diverse customer segments
  • Experienced management team
  • High safety management awareness
  • Environmentally considerate construction
  • Flexible renovation and retrofit対応
  • Reliable construction quality

Competitive Advantages

  • Synergy effects leveraging Haseko Group
  • Strong track record in both public and private sectors regionally
  • Stable material supply from own quarries
  • Integrated contracting system from construction to design and supervision
  • 対応 to diverse infrastructure projects
  • Development and retention of highly specialized technicians
  • Focus on safety and environmental management at construction sites
  • Broad track record and対応 in renovation field
  • Construction efficiency improvement through IT and information technology utilization
  • Retention of specialized know-how in railway-related works
  • High reliability in public projects
  • Flexible service provision responding to customer needs
  • Collaboration with major construction companies through capital ties
  • Strong relationship building with local communities
  • High-quality construction quality management system

Threats

  • Risk of public works budget cuts
  • Fluctuations in construction material prices
  • Decline in construction capacity due to labor shortages
  • Intense competition with major general contractors
  • Project delays and cost increases from natural disasters
  • Increased compliance burden from stricter regulations
  • Pressure for productivity improvements in construction industry
  • Impact of environmental conservation regulations
  • Management risks from capital relationship changes
  • Demand fluctuations due to economic conditions
  • Labor accident risks
  • Need for rapid対応 to technological innovations

Innovations

2023: Construction Efficiency Improvement Using ICT

Overview
Introduced ICT technology at construction sites to enhance construction management efficiency.
Impact
Achieved shorter construction periods and cost reductions

2022: Promotion of Environmentally Friendly Construction Materials Adoption

Overview
Expanded on-site introduction of recycled materials and low-environmental-impact materials.
Impact
Reduced environmental impact and improved customer satisfaction

2021: Enhanced Safety Management Program

Overview
Strengthened safety training for site workers and monitoring systems.
Impact
Contributed to reduction in labor accident rate

2020: Expanded Introduction of BIM/CIM Technology

Overview
Utilized advanced 3D modeling technology in building and civil engineering design.
Impact
Improved design accuracy and reduced construction errors

Sustainability

  • Improved recycling rate of construction waste
  • Promotion of renewable energy utilization
  • Standardization of low-environmental-impact construction
  • Expanded use of energy-saving materials
  • Expansion of green projects in collaboration with local communities
  • Continuous improvement of safety and health management
  • Promotion of environmental protection activities at construction sites
  • Employee environmental awareness education
  • Thorough sustainable material procurement
  • Adoption of construction plans corresponding to climate change
  • Active contributions to local environmental improvements
  • Efficient water resource management