Yurtec

Basic Information

Stock Code
1934
Industry
Construction
Category Detail
Construction & Civil Engineering
Prefecture
Miyagi Prefecture
Establishment Year
October 1944
Listing Year
December 1977
Official Website
http://www.yurtec.co.jp
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
West Holdings, Japan Ritec, Yondenko, Chudenko, Kandenko, Kinden, Toenec, Sumitomo Densetsu, Nippon Densetsu Kogyo, Kyudenko

Overview

Yurtec is a major construction company in the Tohoku Electric Power Group, centered on comprehensive equipment contracting founded in 1944, responsible for constructing diverse regional infrastructure including electrical, communications, air conditioning equipment, and more.

Current Situation

Yurtec recorded consolidated sales of approximately ¥257.2 billion and operating profit of approximately ¥16.1 billion for the fiscal year ending March 2025, expanding comprehensive equipment works centered in the Tohoku region and across a wide area. In addition to its mainstay electrical equipment works, it focuses on air conditioning and piping as well as telecommunications works, expanding business areas to North Kanto, Kanto, Hokkaido, Osaka, and Vietnam. It is advancing overseas strategies including strengthening local talent in Vietnam and other Asian regions and establishing an office in Myanmar. It is reinforcing entry into energy-saving equipment and solar power generation works toward a sustainable society. Since 2021, it has welcomed a homegrown president and is focusing on technological innovation and business diversification while continuing community-rooted management. Backed by stable support from Tohoku Electric Power, it enhances equipment works quality through collaboration with 16 consolidated subsidiaries. It is also proactive in strengthening regional brands, such as acquiring naming rights for Yurtec Stadium Sendai.

Trivia

Interesting Facts

  • Acquired naming rights for Sendai Stadium, renamed Yurtec Stadium Sendai.
  • Founded by order of the Ministry of Munitions through integration of electrical works companies from six Tohoku prefectures and Niigata.
  • Primary company handling comprehensive equipment works within Tohoku Electric Power Group.
  • Established local subsidiary in Vietnam and actively promoting overseas expansion.
  • Beautiful three-color corporate lines expressing technology, creativity, and challenge.
  • In 2019, integrated three subsidiaries to establish Yurtec Miyagi Service.
  • Company name is a coined term from 'Your' and 'Tech (technology)'.
  • Plays a key role in Japan's power industry affiliate network.
  • First homegrown president appointed in 2021.
  • Representative businesses include electrical, communications, and civil engineering works.
  • Deploys wide-ranging construction works centered in Tohoku region.
  • Numerous achievements in large-scale power plant-related equipment works.
  • Blue, green, and red logo lines contribute to regional branding.
  • Holds multiple related subsidiaries and deploys multifaceted services.
  • Mascot character is 'Yua-chan'.

Hidden Connections

  • Builds strong collaboration system within the group as the core equipment works company of Tohoku Electric Power Group.
  • Predecessor team of Vegalta Sendai was Tohoku Electric Power Soccer Club, with deep ties to regional sports.
  • Through subsidiaries, deploys wide fields in air conditioning and water supply/drainage equipment and collaborative businesses.
  • Holds local subsidiaries in Vietnam and Myanmar, contributing to Asian infrastructure development.
  • Meets diverse industrial needs through leasing and rental business.
  • Handles many energy-saving works for public and commercial facilities centered in Miyagi Prefecture.
  • High shareholder ratio from Tohoku Electric Power provides strong management stability and support.
  • Pioneering deployment of latest solar power generation works in addition to traditional electrical works.

Future Outlook

Growth Drivers

  • Increasing demand for public and private electrical equipment centered in Tohoku region
  • Expansion of renewable energy-related works and policy support
  • Growing demand for IoT and smart city-related equipment works
  • Rising infrastructure development needs in Asian emerging markets
  • Expansion of labor-saving equipment investments due to energy-saving and environmental regulations
  • Service development responding to diversifying customer needs
  • New works demand accompanying advancement of IT and communications infrastructure
  • Brand enhancement through strengthened collaboration with regional communities
  • Introduction of technological innovations for labor productivity improvement
  • Market expansion in leasing and rental business
  • Revenue base diversification through international expansion
  • Demand for equipment integration toward building smartization

Strategic Goals

  • Establish position as leading equipment works company within Tohoku Electric Power Group
  • Achieve over 20% ratio of overseas business
  • Triple expansion of renewable energy-related sales
  • Standardization of energy-saving construction technology across all business segments
  • 30% improvement in works management efficiency through DX promotion
  • Over 50% ratio of hiring and development of women and diverse talent
  • Promotion of sustainable infrastructure construction in collaboration with regional communities
  • New business creation through strengthened collaboration inside and outside the group
  • Achieve zero safety and health accidents
  • Revenue source diversification through expansion of leasing and rental business

Business Segments

Power Equipment Works and Maintenance

Overview
Design, construction, and maintenance services for equipment forming the foundation of power supply.
Competitiveness
Strong collaboration with Tohoku Electric Power Group and accumulated technology
Customers
  • Electric Power Companies
  • Power Generation Operators
  • Local Governments
  • Industrial Parks
Products
  • High-Voltage Receiving Equipment Design and Construction
  • Distribution Board Works
  • Substation Equipment Renewal
  • Power Monitoring Systems

Air Conditioning and Sanitation Equipment Works

Overview
Equipment works that balance comfort and energy efficiency in building facilities.
Competitiveness
Fine-tuned local support and high construction quality
Customers
  • Commercial Facilities
  • Public Facilities
  • Hospitals and Schools
  • Large-Scale Apartment Complexes
Products
  • Air Conditioning Equipment Design and Construction
  • Water Supply/Drainage and Sanitation Equipment Works
  • Energy-Saving Ventilation Systems
  • Heating and Cooling Systems

Information and Communications Equipment Works

Overview
Communications infrastructure construction and network design using the latest technology.
Competitiveness
Broad construction area coverage and advanced track record in communications technology
Customers
  • Telecommunications Operators
  • Large Enterprises
  • Government Agencies
  • Educational Institutions
Products
  • Fiber Optic Works
  • LAN System Construction
  • Communications Network Maintenance
  • Security System Installation

Renewable Energy-Related Works

Overview
Promotion and construction of environmentally friendly renewable energy.
Competitiveness
Track record in the region and collaboration with group companies
Customers
  • Local Governments
  • Renewable Energy Operators
  • Private Companies
Products
  • Solar Power Facility Installation
  • Maintenance Services
  • Environmentally Considerate Equipment Construction

Equipment Leasing and Rental

Overview
Leasing and rental services for a variety of equipment and facility machinery.
Competitiveness
One-Stop Service Provision
Customers
  • Corporate Offices
  • Event Management Companies
  • Public Facilities
Products
  • OA Equipment Rental
  • Office Supplies Leasing
  • Construction Machinery Rental

Competitive Advantage

Strengths

  • Stable financial base from Tohoku Electric Power Group
  • High recognition in Tohoku region and related areas
  • Technological strength in a wide range of equipment works fields
  • Active expansion in overseas Asian markets
  • Community-rooted customer response capabilities
  • Collaboration with numerous consolidated subsidiaries
  • Energy-saving and renewable energy works technology
  • Revenue diversification through equipment leasing and rental
  • High-quality management system
  • Strong talent development system
  • Abundant track record in public and private projects
  • Thorough safety and health management
  • Provision of one-stop services
  • Enhanced brand value through regional contributions
  • Aggressive overseas local hiring and expansion strategy

Competitive Advantages

  • Strengths in material procurement and project referrals through Tohoku Electric Power Group collaboration
  • Rapid response and continuous technology accumulation accompanying wide-area expansion
  • Competitive edge through establishment of local subsidiaries in Asian markets
  • Organizational structure enabling comprehensive equipment works
  • Advanced know-how in energy-saving equipment and solar works
  • Long-cultivated trust with regional customers
  • Regional brand strengthening via Yurtec Stadium Sendai
  • Multi-faceted service deployment through collaboration with multiple subsidiaries
  • High construction management technology and compliance with safety standards
  • Proposal capabilities and flexibility considering regional needs
  • Unique expertise in power-related equipment in Tohoku region
  • Cost competitiveness through utilization of overseas talent including in Vietnam
  • Revenue source diversification via leasing and rental business
  • Possession of latest communications equipment works technology
  • New service creation through proactive technological innovation

Threats

  • Labor shortage and aging in domestic construction industry
  • Risk of public works budget cuts
  • Political and economic risks in overseas expansion regions
  • Intensifying price competition with major competitors
  • Impact of natural disasters on business
  • Adaptation demands due to pace of technological innovation
  • Increased construction costs from strengthened environmental regulations
  • Economic instability in global markets
  • Profit pressure from material price fluctuations
  • Changes in local labor conditions including Vietnam
  • Impact on business environment from power policy changes
  • Strengthened construction business permits and safety regulations

Innovations

2023: Expansion of Local Employees in Vietnam

Overview
Initiative to increase local staff 1.5 times in response to business growth in Vietnam.
Impact
Contributes to strengthening local construction capabilities and competitiveness

2022: Development of Energy-Saving Air Conditioning System Introduction Technology

Overview
Strengthened design and construction technology for air conditioning equipment utilizing the latest energy-saving technologies.
Impact
Greatly contributes to power reduction in customer facilities

2021: Expansion of Smart Meter Installation Business

Overview
Expanded installation works for next-generation smart meters on a nationwide scale.
Impact
Contributes to energy-saving dissemination and sales growth

2024: Strengthening Renewable Energy Business

Overview
Promoting technology development and business expansion for solar equipment and maintenance.
Impact
Contributes to dissemination of sustainable energy

2020: Introduction of Community-Rooted Construction Management System

Overview
Introduced DX and IT-utilizing management systems to improve on-site management efficiency.
Impact
Contributes to shorter construction periods and improved safety

Sustainability

  • Support for dissemination of regional renewable energy
  • Promotion of active introduction of energy-saving equipment
  • Reduction of waste and promotion of recycling
  • Implementation of safety and health education for local communities
  • Adoption of low-environmental-impact construction methods
  • Organizational revitalization through diverse talent utilization
  • Strengthening CSR activities and regional exchanges
  • Promotion of green building certification acquisition
  • Neighboring environment protection through considerate construction
  • Expansion of resource-saving construction material utilization
  • Promotion of locally produced and consumed materials
  • Work style reform and promotion of women's active roles