Tomoe Corporation
Basic Information
- Stock Code
- 1921
- Industry
- Construction
- Category Detail
- Construction & Civil Engineering
- Prefecture
- Tokyo
- Establishment Year
- June 1939
- Listing Year
- October 1963
- Official Website
- https://www.tomoe-corporation.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Sho-Bond Holdings, Daiichi Cutter Kogyo, B.R. Holdings, Koatsu Kogyo, Tokken Corporation, Yamaura, Sada Kensetsu, Shin Nihon Kensetsu, Nippon Kiso Gijutsu, Light Kogyo, Nittoku Kensetsu, Kyowa Nissey, Takigami Kogyo
Overview
Tomoe Corporation is a pioneer in steel fabrication and steel structure construction founded in 1917, boasting proven track records in various construction fields with its pillarless large-space structure technology as its main strength.
Current Situation
Tomoe Corporation maintains a solid financial position with consolidated sales of approximately ¥23.2 billion and operating profit of approximately ¥2 billion. Centering on its steel structure business, it excels in large-scale pillarless buildings such as gymnasiums and exhibition facilities, and has participated in major projects like Tokyo Skytree. Utilizing its proprietary Diamond Truss and SWORD construction methods, it achieves high-quality and efficient construction. It has obtained ISO14001 certification for environmental considerations and is promoting sustainable construction business. Its offices span nationwide, with a broad customer base. In the medium to long term, it focuses on technological innovation and safety enhancements in the construction industry while aiming to develop new markets in the steel structure field. Responding to recent changes in the construction industry, it is advancing shortened construction periods and improved cost competitiveness. It plans to pursue stable growth leveraging its technological strengths going forward.
Trivia
Interesting Facts
- Founded in 1917, a pioneer in Japan's steel construction industry
- Possesses Diamond Truss technology enabling pillarless spaces
- One of the main cooperating companies in Tokyo Skytree construction
- Pioneered construction period shortening methods for station concourse commercial facilities
- Deploys factories and offices from Hokkaido to Kyushu nationwide
- Early adopter of ISO9001 and ISO14001 certifications, focusing on quality management
- Founder Ichiro Nozawa is a renowned engineer in Japan's steel construction industry
- Local expansion via subsidiaries like Sapporo Tomoe Corporation is a strength
- Maintains stable trading relationships as a major steel structure company
- Proprietary SWORD method highly evaluated in the construction industry
Hidden Connections
- Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Bank hold capital relationships as major shareholders
- Strengthened real estate development business through business collaboration with Sumitomo Realty & Development
- Close project collaborations with local construction companies and local governments
- Strong influence on construction demand in Hokkaido and Tohoku regions through subsidiaries
- Stable trading relationships with special steel manufacturers for steel structure material procurement
- Implements model safety measures for labor safety in the construction industry
- Founder's namesake educational foundation is a shareholder and engages in social contribution activities
- Enhanced competitiveness in public works bidding through ISO certification
Future Outlook
Growth Drivers
- Increased demand for renovations due to aging infrastructure
- Expansion of urban redevelopment projects
- Growing demand for large-scale pillarless buildings
- Technological innovations enhancing safety and durability
- Promotion of energy-saving construction due to stricter environmental regulations
- Advances in construction period shortening technologies using AI and ICT
- Activation of public works by local governments
- Demand for building technologies corresponding to aging society
- Automation and efficiency improvements to address labor shortages
- Demand for seismic structures due to strengthened disaster countermeasures
- Accelerated introduction of green construction materials
- Flexible response to diverse customer needs
Strategic Goals
- Expand market share in large-scale pillarless architecture construction
- Standardize and promote SWORD method construction period shortening technology
- Promote sustainable construction achieving reduced environmental impact
- Achieve productivity improvements through AI design technology
- Strengthen local bases and accelerate nationwide business expansion
- Monetize new real estate businesses
- Maintain ISO series certifications and deepen environmental management
- Become a model company in labor safety management
- Establish long-term cooperation with shareholders
- Continuous investment in new technology development
Business Segments
Steel Structure and Steel Frame Construction
- Overview
- Handles everything from design to construction of steel frames and structures, enhancing safety and construction efficiency for large-scale structures.
- Competitiveness
- Possesses proprietary patented structure technologies and construction period shortening methods to achieve high-quality construction.
- Customers
-
- Government agencies
- General contractors
- Local governments
- Railway operators
- Real estate developers
- School corporations
- Sports facility operators
- Exhibition organizers
- Telecommunications companies
- Manufacturers
- Logistics companies
- Commercial facility operators
- Products
-
- Pillarless Large-Space Truss Structures
- Steel Frame Structure Design
- Bridge Design and Construction
- Tower Foundation Works
- Station Concourse Facility Construction
- Steel Frame Structures for Factories and Warehouses
- Steel Structure Fabrication
- Building Steel Inspection
Real Estate Business
- Overview
- Aims for stable revenue through real estate sales, leasing, and management.
- Competitiveness
- Integrated response capabilities combining construction and real estate utilization.
- Customers
-
- Corporate lessees
- Retailers
- Logistics companies
- Manufacturers
- Government agencies
- Local businesses
- Products
-
- Commercial facility leasing
- Industrial land sales
- Real estate management services
- Brokerage services
Special Steel and Steel Structure Material Procurement
- Overview
- Efficiently procures high-quality materials to support smooth processing operations.
- Competitiveness
- Long-established stable procurement network.
- Customers
-
- Own factories
- Steel fabricators
- General contractor subcontractors
- Material sellers
- Products
-
- Steel material procurement
- Steel component processing
- Quality inspection
Construction Management and Technical Provision
- Overview
- Provides construction management to ensure strict adherence to schedules and enhance safety.
- Competitiveness
- High construction precision by experienced on-site engineers.
- Customers
-
- General contractors
- Construction consultants
- Steel structure contractors
- Products
-
- Construction progress management
- Construction technology consulting
- Safety management system
Patent Technology Sales and Licensing
- Overview
- Provides proprietary developed structural technologies to domestic and international companies to generate licensing revenue.
- Competitiveness
- Possesses industry's first large-space truss technology.
- Customers
-
- Construction companies
- Construction method developers
- Products
-
- Diamond Truss technology
- SWORD method
Competitive Advantage
Strengths
- Possesses patented technology for pillarless spaces
- Proven track record in diverse steel structure construction
- Nationwide network of offices
- Stable financial foundation
- Proprietary construction period shortening methods
- ISO9001 and 14001 certifications
- Advanced safety management system
- Trust from a wide range of customers
- Collaboration track record with major general contractors
- Accumulated technology over many years
Competitive Advantages
- Provides pillarless construction based on Diamond Truss patented technology
- SWORD method for shortening construction periods and improving safety
- Integrated capabilities in design and construction of large-scale structures
- Diversified business from steel structures and bridges to real estate
- Rapid response via nationwide sales and construction network
- Stable management due to strong financial position
- High-quality construction and engineer training system
- Proven track record in numerous large projects
- Active efforts in environmentally considerate construction
- Effective long-term partnerships with customers
- Proactive in development and adoption of advanced methods
- Business tailored closely to regional needs
Threats
- Intensifying competition in the construction industry
- Risk of fluctuations in construction material prices
- Labor shortages and aging of skilled workers
- Changes in infrastructure demand due to natural disasters
- Strengthened regulations on construction permits
- Competitive pressure from spread of new technologies and methods
- Decrease in projects due to economic fluctuations
- Cost increases due to strengthened environmental regulations
- Economic uncertainty from COVID-19 and similar
- Competition from other companies' overseas expansion and resource acquisition
Innovations
2023: Expansion of SWORD Method Adoption
- Overview
- Nationwide rollout of proprietary method achieving shortened construction periods and improved safety for station concourse facilities.
- Impact
- 20% shorter construction period, 50% reduction in safety incidents
2022: Enhanced Diamond Truss Design
- Overview
- Achieved improved design accuracy and cost reductions through introduction of AI technology.
- Impact
- 30% shorter design time, 10% cost reduction
2021: ISO14001 Recertification
- Overview
- Strengthened environmental management system and promoted environmentally considerate construction.
- Impact
- 15% reduction in environmental impact
2024: Development of Steel Material Durability Evaluation Technology
- Overview
- Built lifespan prediction model to improve maintenance efficiency.
- Impact
- 20% reduction in maintenance costs
Sustainability
- Environmental management system via ISO14001 certification
- CO2 emission reductions through shortened construction periods
- Improved resource reuse rate and waste reduction
- Business operations emphasizing coexistence with local communities
- Strengthened safety and health management