Uekigumi

Basic Information

Stock Code
1867
Industry
Construction
Category Detail
Construction & Civil Engineering
Prefecture
Niigata Prefecture
Establishment Year
July 1948
Listing Year
July 1982
Official Website
https://www.uekigumi.co.jp/
TSE Information
TSE Information
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Other Companies
Ando Hazama, Taisei Construction, Obayashi, Shimizu Construction, Haseko Corporation, Kajima, Nishimatsu Construction, Tanabe Kogyo, Fuji P.S., Toda Construction, Kumagai Gumi, Kanashita Kensetsu, Fukuda Gumi, Egrand, Tokushu Denkyoku, INFRONEER Holdings, Nihon Kogyo, A&A Material, Sanyo Kogyo, Nanyo

Overview

Uekigumi, founded in 1948, is a mid-sized construction company based in Kashiwazaki City, Niigata Prefecture, developing diverse construction projects inside and outside the prefecture as a regionally focused general contractor.

Current Situation

Uekigumi recorded consolidated sales of 51.9 billion yen and net assets of 21.4 billion yen for the fiscal year ended March 2020, maintaining a stable financial base. Centered on large-scale civil engineering and building works primarily in Niigata Prefecture, the company is actively developing projects outside the prefecture to diversify its business. In 2019, it completed the 'J-Forest' head office building in front of Kashiwazaki Station, contributing to regional revitalization. Its strengths include enhanced technical capabilities and construction management attuned to local needs, with a focus on construction DX and the adoption of CO2 reduction technologies. Benefiting from tailwinds such as expanded government public works and infrastructure aging countermeasures, medium- to long-term growth is anticipated. While addressing management stability challenges like presidential transitions, it pursues sustainable growth through new investments and regional revitalization efforts. Risks include stricter environmental regulations in the construction industry and labor shortages, but as a locally rooted firm, it maintains a stable order base.

Trivia

Interesting Facts

  • Founded in 1885, historic general contractor with deep regional roots
  • Completed environmentally friendly head office building in front of Kashiwazaki Station in 2019
  • Strong track record in public infrastructure works within Niigata Prefecture
  • Successfully reduced CO2 through fuel conversion in asphalt production
  • Pioneer in introducing remote machinery operation in construction DX
  • Historically handles repair works for Shozendai Dam
  • Contributes to environmental development through regional walkway construction
  • Approximately 622 employees (standalone, as of 2020)
  • Capital exceeding 5.3 billion yen, solid local financial strength
  • Chairman Yoshiyoshi Ueki, President Hisao Kusakabe

Hidden Connections

  • Key order recipient in Niigata Prefecture's construction industry, closely linked to regional economy
  • Collaborates with major general contractors in public civil works while developing local projects
  • Built strong trading relationships with diverse local construction companies through materials sales business
  • Involved in sustainable regional development through collaboration with local environmental conservation groups
  • Site efficiency improvement via construction DX recognized as advanced case in the industry
  • Head office building 'J-Forest' serves as core for regional redevelopment and urban revitalization
  • Ongoing collaboration with local governments in seismic retrofit works, earning high evaluations
  • Environmentally friendly asphalt supply contributes to sustainable public works in the region

Future Outlook

Growth Drivers

  • Increasing demand for public infrastructure development and renewal
  • Expansion of regional redevelopment and urban development projects
  • DX promotion and productivity improvement in construction industry
  • Growing demand for environmentally responsive technologies amid stricter regulations
  • Rising administrative needs for seismic and disaster prevention works
  • Order expansion through enhanced trust in community-oriented services
  • Expansion of renewable energy facility construction
  • Shift to environmentally friendly construction materials
  • Promotion of technology adoption to address labor shortages
  • Enhanced corporate value through strengthened regional collaboration
  • Increased order opportunities from medium- to long-term local revitalization policies
  • Technological evolution for improved safety and efficiency at construction sites

Strategic Goals

  • Establish over 40% local market share
  • Achieve 40% reduction in CO2 emissions
  • 30% productivity improvement through construction DX
  • Achieve 20% ratio of women and foreign workers
  • Over 50% sales ratio of environmentally friendly materials
  • Commercialization of renewable energy facility construction
  • Over 10 collaboration projects with local community
  • Continuous zero labor safety accidents
  • Achieve sales of 60 billion yen scale
  • Sustainable growth through stable management base

Business Segments

Public Infrastructure Works

Overview
Segment undertaking construction and maintenance of social infrastructure.
Competitiveness
Regionally rooted construction management technology and stable order base
Customers
  • Ministry of Land, Infrastructure, Transport and Tourism
  • Local Governments
  • Public Project Clients
  • Road Bureaus
  • Water and Sewerage Bureaus
Products
  • Road Paving Works
  • Dam Repair Works
  • Bridge Works
  • Seismic Retrofit Works
  • Water and Sewerage Equipment Works

Private Building Works

Overview
Handles design and construction of private buildings, centered on housing and commercial facilities.
Competitiveness
Fine-tuned services through community orientation
Customers
  • Local Real Estate Companies
  • Commercial Facility Operators
  • Factory/Warehouse Owners
  • Medical Corporations
  • Educational Institutions
Products
  • New Residential Construction
  • Commercial Facility Construction
  • Building Maintenance
  • Equipment Works
  • Disaster Prevention Related Works

Construction Materials Sales and Leasing

Overview
Provides sales and leasing services for construction site materials.
Competitiveness
Comprehensive high-quality and eco-friendly materials
Customers
  • Local Construction Companies
  • Individual Builders
  • Public Works Contractors
  • Equipment Contractors
Products
  • Building Materials Sales
  • Construction Machinery Leasing
  • Environmentally Friendly Materials
  • Seismic Retrofit Materials

Real Estate Leasing and Management

Overview
Handles real estate leasing and tenant management in front of Kashiwazaki Station.
Competitiveness
Stable revenue source from regional development
Customers
  • Local Companies
  • Tenants
  • Commercial Facility Operators
Products
  • Office Leasing
  • Commercial Tenant Management

Environmental Related Construction Business

Overview
Develops regional environmental conservation and renewable energy facility construction.
Competitiveness
Construction system considering environmental considerations
Customers
  • Municipal Environmental Departments
  • Environmental Conservation Groups
Products
  • Walkway Development
  • Recycled Asphalt Supply
  • Environmental Improvement Works

Construction DX Services

Overview
DX support business for remote operation and efficiency of construction machinery.
Competitiveness
Productivity improvement through advanced IT utilization
Customers
  • On-site Constructors
  • Machinery Maintenance Providers
Products
  • Remote Operation System
  • Machinery Repair DX

Competitive Advantage

Strengths

  • Strong order base in Niigata Prefecture through regional ties
  • Abundant track record in comprehensive civil engineering and building construction
  • High technical capabilities and construction management skills
  • Contribution to regional revitalization through head office relocation
  • Promotion of environmentally responsive construction technologies
  • Management stability and robust capital
  • Order acquisition strength in diverse public works
  • Technological innovation through sustained investments
  • Site efficiency improvement via digitalization
  • Strong regional network
  • Superiority in seismic retrofit and disaster prevention works
  • Construction system compliant with environmental regulations
  • Deep commitment to local community
  • Broad customer base and diversified business

Competitive Advantages

  • High local market share as a community-oriented general contractor
  • Accumulated know-how specialized in public infrastructure works
  • Differentiation through construction DX and CO2 reduction technologies
  • Comprehensive capabilities to undertake various construction fields
  • Revenue diversification via regional development and real estate operations
  • Trusted relationships with clients based on long-term transactions
  • Stable revenue base from diverse public projects
  • Local talent acquisition and training system
  • Thorough quality and safety through precise construction management
  • Strong commitment to regional environmental conservation activities
  • Growth boosted by government infrastructure policies
  • Swift decision-making through organized management structure
  • High social credibility through co-creation with the region
  • SDGs compliance via enriched environmentally friendly construction materials
  • Advanced work efficiency through DX support business

Threats

  • Slowing demand in domestic construction market due to population decline
  • Intensified competition and price declines in public works market
  • Severe construction labor shortages and rising personnel costs
  • Increased construction costs from stricter environmental regulations
  • Materialization of business risks from rising natural disasters
  • Decline in competitiveness from delayed new technology adoption
  • Profit pressure from fluctuating material prices
  • Potential decrease in projects due to regional economic fluctuations
  • Supply chain instability risks
  • Changes in design and construction standards due to climate change
  • Efficiency lag from delayed construction DX adoption
  • Pressure from new entrants and major general contractors

Innovations

2023: Advancement of DX in Asphalt Production

Overview
Introduced remote control system for machinery to enable rapid response to failures.
Impact
Reduced production downtime, improved maintenance efficiency

2022: Switch to CO2-Reducing Fuel

Overview
Introduced new fuel for asphalt production to reduce environmental impact.
Impact
Approximately 15% reduction in CO2 emissions

2021: Completion of New Head Office Building 'J-Forest'

Overview
Constructed head office building themed on regional collaboration and environmental consideration.
Impact
Promotes regional revitalization and improves employee satisfaction

2024: Update of Construction Site Management System

Overview
Adopted cloud-based construction management system to enhance efficiency and information sharing.
Impact
20% improvement in work efficiency, reduced information transmission errors

2023: Improvement of Seismic Retrofit Technology

Overview
Developed and put into practical use seismic retrofit technology using latest materials.
Impact
20% improvement in building seismic resistance

2022: Introduction of Environmentally Friendly Construction Materials

Overview
Actively adopts recycled materials and low-environmental-impact materials.
Impact
30% reduction in material environmental impact

2021: Start of IoT Utilization in Construction Machinery

Overview
Introduced real-time monitoring of machinery operation status for failure prevention.
Impact
Improved machinery utilization rate and reduced maintenance costs

2024: Advanced Safety Management System

Overview
Enhanced risk prediction and on-site safety management using AI.
Impact
Reduced accident incidence and improved work efficiency

2023: Regional Environmental Development 'J-Forest' Walkway Construction

Overview
Newly constructed and developed walkways as recreational spaces for the community.
Impact
Improved satisfaction of local residents

2020: Formulation of DX Vision for Construction Industry

Overview
Developed industry-specific DX promotion plan and built efficiency model.
Impact
Expected 10% overall management efficiency improvement

Sustainability

  • Full transition to CO2-reducing fuel (by 2030)
  • Active adoption of low-environmental-impact building materials
  • Participation in regional tree-planting and environmental conservation activities
  • Strengthened labor safety and health activities
  • Improved construction waste recycling rate
  • Promotion of hiring women and foreign workers
  • Introduction of energy-saving construction machinery
  • Introduction of educational support programs for local community
  • Environmental protection through digital monitoring of construction sites
  • Strengthened environmental standards in supply chain
  • Promotion of barrier-free public facilities
  • Internal dissemination of sustainable construction methods