Miyaji Engineering Group

Basic Information

Stock Code
3431
Industry
Metal Products
Category Detail
Construction & Civil Engineering
Prefecture
Tokyo
Establishment Year
September 2003
Listing Year
September 2003
Official Website
https://www.miyaji-eng.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
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Overview

Miyaji Engineering Group is a major construction company founded in 1908, specializing in bridge and steel structure construction, boasting high technological capabilities and industry position through strong collaboration with Mitsubishi Heavy Industries group companies.

Current Situation

Miyaji Engineering Group recorded consolidated sales of 60.279 billion yen for the fiscal year ended March 2023, establishing a solid revenue base. In its core bridge and steel structure construction businesses, it participates in numerous major domestic infrastructure development projects, differentiating itself from competitors with its technological strength and proven construction track record. Additionally, by acquiring shares in a subsidiary of Mitsubishi Heavy Industries, it has brought M.M. Bridge under its umbrella, strengthening its steel structures division. In recent years, it has focused on technology development that reduces environmental impact and thorough safety management, enhancing its social credibility. Listed on the Tokyo Stock Exchange Prime Market, it is working to strengthen its financial constitution and stabilize performance while aiming for sustainable growth. Moving forward, it plans to pursue technological innovation and market expansion to increase its presence in large-scale domestic and international infrastructure projects. It also emphasizes proactive talent development and contributions to local communities, fulfilling its corporate social responsibilities.

Trivia

Interesting Facts

  • Has a history of involvement in the construction of Tokyo Tower and Kanmon Bridge.
  • Major construction company that has brought a Mitsubishi Heavy Industries subsidiary under its umbrella.
  • Founded in 1908 with a long history.
  • Was known as a speculative stock in the 1980s.
  • Thoroughly implements safety measures based on lessons from the Rokugo Bridge girder fall accident.
  • Emphasizes technician development and has in-house training facilities.
  • Actively disseminates information via YouTube.
  • Early adopter of environmentally considerate product development.
  • Pioneering role in seismic retrofit technology.
  • Possesses proprietary modular manufacturing technology.
  • High construction management capabilities in steel structure and bridge construction.
  • President Masahiro Ikeura has extensive experience in the construction industry.
  • Listed on the Tokyo Stock Exchange Prime Market.
  • Introduced real-time monitoring technology with sensors on bridge piers.
  • Acquired Mitsubishi Heavy Industries Steel Structure Engineering to expand influence.

Hidden Connections

  • Closely collaborates with core construction-related companies in the Mitsubishi Heavy Industries Group.
  • Focusing on governance strengthening following past stock acquisition incidents.
  • Long-accumulated technology widely utilized in Japan's major infrastructure construction.
  • Deep ties with the eco-building market through development of environmentally considerate steel.
  • Strongly connected to regional public works through government projects.
  • Differentiates from peers through construction management systems.
  • Founding family's historical business foundation influences current management.
  • Young engineer development and industry group collaborations contribute to talent strengthening.

Future Outlook

Growth Drivers

  • Expansion of demand for updating aging domestic infrastructure
  • Increased investment in seismic and disaster prevention technology
  • Growing demand for environmentally considerate construction products
  • Efficiency gains from DX in the construction industry
  • Sustained public works investment plans
  • Strengthened collaboration with Mitsubishi Heavy Industries Group
  • Improved competitiveness through advanced technician development
  • Expansion of domestic and international infrastructure projects
  • Promotion of environmental regulation-compliant technology development
  • Strengthened partnerships with local communities
  • Shortened construction periods through modular construction

Strategic Goals

  • Achieve sales exceeding 80 billion yen
  • Increase orders for major domestic bridge projects
  • Reach 50% ratio of environmentally considerate products
  • Realize 30% reduction in construction periods via construction DX
  • Exceed 80% employee technical qualification acquisition rate
  • Build programs to strengthen coexistence with local communities
  • Expand overseas infrastructure business
  • Achieve 40% CO2 emission reduction target
  • Strengthen organizational power through diverse talent utilization
  • Maintain zero safety accidents

Business Segments

Infrastructure Construction

Overview
Provides high-quality construction services and structures for public and private infrastructure.
Competitiveness
Advanced technology and extensive track record-based safety measures
Customers
  • Ministry of Land, Infrastructure, Transport and Tourism
  • Local governments
  • Railway operators
  • Electric power companies
  • Telecommunications companies
  • Private construction companies
  • Road management companies
  • Water supply and sewage operators
  • Government agencies
  • Major general contractors
Products
  • Bridge construction
  • Steel structures
  • Steel tower design and construction
  • Civil engineering construction
  • Seismic retrofit works
  • Infrastructure repair services
  • Large building structures
  • Water supply and sewage equipment
  • Road repair works
  • Public facility construction

Steel Structure Manufacturing and Sales

Overview
Manufactures and sells construction steel structures, capable of meeting diverse high-quality needs.
Competitiveness
High precision and short delivery times through factory production
Customers
  • Major general contractors
  • Construction material trading companies
  • Industrial plant operators
  • Steel manufacturers
  • Steel fabricators
  • Private factories
  • Bridge design companies
  • Research institutions
  • Design consultants
  • Equipment contractors
Products
  • Steel members
  • Bridge steel
  • Steel tower products
  • Modular components
  • Anti-corrosion steel
  • Special steel structures
  • Durable reinforcement materials
  • Construction support materials
  • Factory products
  • Steel structure assembly parts

Infrastructure Maintenance

Overview
Specializes in maintenance and repair of domestic infrastructure to ensure safety and longevity.
Competitiveness
Extensive field experience by specialized technicians
Customers
  • Local governments
  • Ministry of Land, Infrastructure, Transport and Tourism
  • Railway companies
  • Electric power companies
  • Telecommunications companies
  • Construction companies
  • Maintenance specialists
  • Bridge managers
Products
  • Bridge inspection services
  • Repair works
  • Seismic retrofitting
  • Anti-corrosion painting
  • Deterioration diagnosis
  • Aging countermeasures
  • Long-life methods
  • Steel structure maintenance
  • Various repair works
  • Safety management services

Construction Consulting

Overview
Scientifically supports design, construction, and management of construction projects to improve efficiency and safety.
Competitiveness
Practical advice based on years of construction experience
Customers
  • Public entities
  • Construction companies
  • Design offices
  • Local governments
  • Infrastructure operators
Products
  • Structure design support
  • Seismic evaluation
  • Construction management support
  • Safety planning
  • Environmental assessment
  • Risk evaluation
  • Material selection advice
  • Technical consulting
  • Project management
  • Investigation and analysis

Environment and Safety Technology

Overview
Supports environmental conservation and safety management at construction sites, providing technology to fulfill social responsibilities.
Competitiveness
Cutting-edge environmental technology and safety management expertise
Customers
  • Construction companies
  • Infrastructure management companies
  • Local governments
  • Environmental consultants
  • Public organizations
Products
  • Low-environmental-impact methods
  • Safety monitoring systems
  • Risk management technology
  • Disaster prevention support
  • Monitoring services
  • Energy-saving design
  • Waste management support
  • Worker safety training
  • Environmental measurement equipment
  • Recycled material utilization

Product Export and Overseas Business

Overview
Leverages Japanese high technology to participate in overseas infrastructure projects, supplying materials and providing technical support.
Competitiveness
Trust in Japanese high-quality technology and extensive track record
Customers
  • Overseas construction companies
  • Infrastructure development agencies
  • International organizations
  • Foreign governments
  • Local general contractors
Products
  • Bridge member exports
  • Steel structure transport
  • Construction technology support
  • Technical consulting
  • Overseas project management

Design and Engineering

Overview
Provides high-precision design and engineering services, contributing to improved construction quality.
Competitiveness
Utilization of latest software technology and team of skilled engineers
Customers
  • Construction companies
  • Design offices
  • Plant operators
  • Public entities
  • General contractors
Products
  • Structural design
  • Architectural design support
  • CAD modeling
  • Analysis simulation
  • Seismic design
  • Construction drawings
  • Cost estimation
  • Quality management planning
  • Design optimization
  • Risk analysis

Material Procurement and Logistics

Overview
Streamlines material procurement and logistics for construction sites to support smooth operations.
Competitiveness
Cost and delivery optimization through integrated management
Customers
  • Construction companies
  • General contractors
  • Material trading companies
  • Factories
  • Logistics providers
Products
  • Steel procurement
  • Logistics management
  • Inventory management
  • Delivery planning
  • On-site delivery
  • Order management
  • Material inspection
  • Procurement cost reduction
  • Transport safety management
  • Delivery management

Education and Training Services

Overview
Provides various training services to enhance skills and safety awareness of construction technicians.
Competitiveness
Instructors with rich practical experience and diverse programs
Customers
  • Construction industry companies
  • Technical schools
  • Local governments
  • Public entities
  • Staffing agencies
Products
  • Engineer training
  • Safety education
  • Construction technique seminars
  • Environmental consideration training
  • Leadership training
  • Qualification acquisition support
  • Skill improvement courses
  • On-site training programs
  • Industry trend explanations
  • E-learning materials

IT Solutions

Overview
Promotes DX in construction sites with IT solutions supporting efficient construction management and safety measures.
Competitiveness
Strong customization for construction site adaptation
Customers
  • Construction firms
  • Design offices
  • General contractors
  • Public entities
  • Project management companies
Products
  • Construction management systems
  • BIM implementation support
  • IoT monitoring
  • Quality management tools
  • Drone surveying
  • Safety management apps
  • Data analysis services
  • Remote monitoring systems
  • Site reporting systems
  • Material management apps

Recycling and Resource Utilization

Overview
Supports recycling of construction site waste and effective resource utilization, contributing to reduced environmental impact.
Competitiveness
Contributions to circular society through public-private partnerships
Customers
  • Construction companies
  • Local governments
  • Environmental consultants
  • Recycled material suppliers
  • Public organizations
Products
  • Demolition waste recycling
  • Recycled material manufacturing
  • Environmental evaluation
  • Waste management
  • Resource circulation technology
  • On-site sorting support
  • Sustainable methods
  • CO2 reduction support
  • Environmental conservation activities
  • Green procurement support

Competitive Advantage

Strengths

  • Extensive track record in bridge and steel structure construction
  • Collaboration with Mitsubishi Heavy Industries Group
  • Advanced seismic and durability technology
  • Solid financial foundation
  • Broad customer base
  • Large number of specialized technicians
  • Quality control through factory production
  • Thorough safety management system
  • Expertise in long-term infrastructure repair
  • Environmental response technology
  • Diversified business operations
  • High construction management capabilities
  • Comprehensive training system
  • Construction efficiency improvement via IT utilization
  • Strong brand power in the domestic market

Competitive Advantages

  • Strong track record and trust in domestic infrastructure projects
  • Technical support and financial strength from Mitsubishi Heavy Industries Group
  • Superior seismic performance structure design technology
  • High market share in bridge and steel structure construction
  • Construction management system prioritizing safety
  • Adoption of sustainable methods with low environmental impact
  • Flexible response to diverse customer needs
  • Shortened construction periods through factory prefab members
  • Advancement of construction DX using cutting-edge IT technology
  • Improved customer satisfaction through long-term maintenance
  • Enhanced competitiveness with extensive product lineup
  • Strong ties and credibility with local communities
  • Expertise in handling projects of various scales
  • Continuous investment in technology R&D
  • Extensive human networks within the industry

Threats

  • Fluctuations in orders due to decrease in large public works
  • Rising construction material costs
  • Decline in construction capacity due to labor shortages
  • Intensified price competition from competitors' technological innovations
  • Risk of construction delays from natural disasters
  • Burden of complying with stricter regulations and safety standards
  • Need to revise methods due to strengthened environmental regulations
  • Expansion of overseas companies into the domestic market
  • Risk of policy changes in public investment
  • International situation risks in material procurement
  • Cost increases from labor environment improvement demands
  • Decline in competitiveness due to delays in technology succession

Innovations

2023: Development of Sensor-Equipped Smart Bridge Piers

Overview
Practical implementation of a smart bridge pier system capable of real-time monitoring of bridge health status.
Impact
Bridge maintenance efficiency improved by 30%.

2022: Development of Environmentally Considerate Steel

Overview
Successfully developed high-durability steel using recycled materials, contributing to reduced environmental impact.
Impact
CO2 emissions reduced by 15%.

2024: Introduction of Construction DX Promotion Platform

Overview
Built a construction management platform utilizing BIM and IoT technologies to achieve efficiency.
Impact
Achieved both shortened construction periods and improved safety.

2021: Advanced Seismic Retrofit Technology

Overview
Developed seismic retrofit technology using new materials and methods to strengthen existing structures.
Impact
Retrofit costs reduced by 20%.

2023: Expansion of Modular Steel Component Production Line

Overview
Expanded factory production capacity for modular steel components, contributing to shorter construction periods.
Impact
Production efficiency improved by 40%.

Sustainability

  • Active use of recycled steel to reduce environmental impact
  • Promotion of waste reduction and sorting at construction sites
  • Introduction of energy-saving methods and materials
  • Strengthening of safety and health management systems
  • Advancement of green infrastructure in collaboration with local communities
  • Setting and progress management of CO2 emission reduction targets
  • Establishment of sustainable construction material procurement standards
  • Improvement of work environment and promotion of diversity
  • Preparation of disaster recovery support systems
  • Sustainable technological capability enhancement through technical training
  • Efficient environmental management via IT utilization
  • Strengthening of community contribution activities