Novac

Basic Information

Stock Code
5079
Industry
Construction
Category Detail
Construction & Civil Engineering
Prefecture
Hyogo Prefecture
Establishment Year
April 1965
Listing Year
March 2022
Official Website
https://www.novac-cnst.co.jp/
TSE Information
TSE Information
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Other Companies
Ando Hazama, Taisei, Obayashi, Shimizu, Haseko Corporation, Kajima, Nishimatsu Construction, Toda, Kumagai Gumi, Infroneer Holdings, Kyowa Kogyo, F-Inter, Daiko Tsusho

Overview

Novac is a mid-sized general contractor based in Hyogo Prefecture, founded in 1965. It conducts civil engineering and construction projects nationwide, leveraging a high number of engineers as its strength to maintain a stable business foundation as an important company in the construction industry.

Current Situation

Novac achieved steady sales growth centered on domestic civil engineering and construction works in FY2023, with its enriched engineering staff contributing to improved construction quality. As a mid-sized general contractor advancing nationwide expansion, it has strengths in infrastructure development projects and urban development to differentiate itself from competitors. In recent years, it has focused on digitalizing construction management systems and introducing safety technologies, succeeding in efficient project execution and reducing work accidents. It is also advancing initiatives to reduce environmental impact, such as recycling construction waste and increasing adoption of eco-friendly construction materials. Additionally, it continues community-based CSR activities and strengthens collaboration with local governments. In the medium to long term, it positions expansion of redevelopment projects in regional cities and advancement of construction technologies as the pillars of its growth strategy. It is actively investing in recent remote monitoring technologies and automated construction technologies to enhance competitiveness. By strengthening its management system and young engineer training programs, it is forming a sustainable growth foundation.

Trivia

Interesting Facts

  • Mid-sized general contractor originating from Hyogo Prefecture, expanded nationwide
  • Number of construction engineers is top-class among peers
  • Proactive in ICT adoption, pioneering nationwide
  • Highly evaluated in the industry for seismic retrofit technology
  • Early engagement in environmental impact reduction technologies
  • Female engineer ratio exceeds industry average
  • Thick trust from local community through community-based management
  • Abundant record of public sector public works reception
  • Top-class safety measures at construction sites
  • Handles real estate development beyond construction
  • Unique programs focused on young employee development
  • Active participation in regional cultural and educational support activities
  • Holds extensive know-how in disaster prevention related works
  • Experimentally starting robot construction
  • Advancing digitalization of construction sites

Hidden Connections

  • Leading in ICT construction management compared to many competitors, serving as a reference for industry system standards
  • Playing a central role in Hyogo Prefecture's construction industry associations, contributing to regional revitalization
  • Collaborating with disaster prevention product manufacturers to actively adopt latest products in seismic works
  • Some clients include major housing manufacturers, developing joint projects
  • Partnering with local IT companies to jointly promote digital utilization at construction sites
  • Owns training facilities for young engineers and holds industry-open courses
  • Conducting technical support business exporting Japanese infrastructure standards overseas
  • Collaborating with environmental NGOs on regional greening projects

Future Outlook

Growth Drivers

  • Expansion of redevelopment demand in regional cities
  • Increasing demand for aging public infrastructure countermeasures
  • Progress in digitalization of construction sites
  • Growing social demand for environmentally friendly construction technologies
  • Spread of automation technologies to address labor shortages
  • Rising needs for community-based services
  • Medium- to long-term growth in remodeling market
  • Active development of public-private partnership projects
  • Expansion of overseas infrastructure technical support business
  • Social interest in environmental and disaster prevention related works

Strategic Goals

  • Stable securing of annual construction volume at ¥100 billion scale
  • Full deployment of ICT and automation technologies
  • Standardization of methods contributing to environmental impact reduction
  • Strengthening young engineer development and technology succession systems
  • Enhancing collaboration with regional communities and expanding CSR activities
  • Rapid response to diversifying customer needs
  • Phased business expansion into overseas markets
  • Introduction of management evaluation based on sustainability indicators
  • Complete digitalization of internal business processes
  • Maintaining industry top-level safety management

Business Segments

Civil Engineering Contracting

Overview
Providing civil engineering works for infrastructure regardless of public or private sectors.
Competitiveness
Diverse track record and construction technology
Customers
  • Local governments
  • Ministry of Land, Infrastructure, Transport and Tourism
  • Private construction clients
  • Road management operators
  • Infrastructure management companies
Products
  • Road paving
  • Bridge construction
  • Tunnel works
  • River improvement
  • Land development works

Building Construction Contracting

Overview
Contracting for construction of commercial facilities and public buildings.
Competitiveness
High-quality construction and site management capabilities
Customers
  • General contractors
  • Developers
  • Public entities
  • Commercial facility operators
Products
  • Commercial building construction
  • Public facility new construction
  • Condominium construction
  • Renovation

Equipment Design and Construction

Overview
One-stop provision from design to construction of building equipment.
Competitiveness
Environmental consideration and cost optimization
Customers
  • Building management companies
  • Real estate management companies
  • Architectural design offices
Products
  • Air conditioning equipment works
  • Electrical wiring works
  • Water supply and drainage equipment
  • Energy-saving equipment installation

Remodeling and Maintenance

Overview
Wide deployment of building maintenance and improvement works.
Competitiveness
Flexible response tailored to customer needs
Customers
  • Homeowners
  • Condominium management associations
  • Commercial facility operators
Products
  • Home remodeling
  • Seismic retrofitting
  • Repair works
  • Periodic maintenance

Materials Procurement and Sales

Overview
Supporting stable supply of building and civil engineering materials.
Competitiveness
Extensive procurement network
Customers
  • General contractors
  • Construction companies
  • Equipment companies
Products
  • Cement
  • Steel materials
  • Building materials
  • Eco materials

ICT Construction Solutions

Overview
Supporting efficiency and safety improvements at construction sites.
Competitiveness
Active adoption of latest technologies
Customers
  • Construction site managers
  • General contractors
  • Equipment management companies
Products
  • Construction management system
  • Safety monitoring system
  • Digital drawing management

Environmental and Energy Works

Overview
Implementing construction works contributing to environmental conservation.
Competitiveness
Proposing sustainable technologies
Customers
  • Local governments
  • Private facilities
  • Environmental conservation groups
Products
  • Solar power generation works
  • Rainwater utilization system
  • Environmental improvement works

Overseas Construction Support

Overview
Technical cooperation and business expansion centered on Asia.
Competitiveness
Regionally embedded technical support
Customers
  • Overseas local governments
  • International organizations
  • Local construction companies
Products
  • Infrastructure construction
  • Technical training
  • Local cooperation projects

Public Facility Maintenance Management

Overview
Services supporting safe operation of public facilities.
Competitiveness
Abundant maintenance experience
Customers
  • Local governments
  • Public entities
Products
  • Facility maintenance
  • Periodic inspections
  • Safety management

Education and Training Business

Overview
Supporting skill development for construction engineers.
Competitiveness
Education system reflecting on-site needs
Customers
  • Construction industry associations
  • In-company training
  • Technical schools
Products
  • Engineer training courses
  • Safety education
  • On-site training programs

Disaster Prevention and Seismic Works

Overview
Providing specialized works for disaster countermeasures.
Competitiveness
Latest technologies and emphasis on safety
Customers
  • Homeowners
  • Corporations
  • Local governments
Products
  • Seismic retrofit works
  • Disaster prevention equipment installation
  • Ground improvement

Asset Operation Support

Overview
Supporting maximization of real estate asset value.
Competitiveness
Multifaceted and practical operation proposals
Customers
  • Individual investors
  • Corporate owners
  • Real estate management associations
Products
  • Asset management
  • Renewal planning
  • Market analysis

Competitive Advantage

Strengths

  • Ensuring construction quality with a high number of engineers
  • Nationwide project response capability
  • Flexible management as a mid-sized general contractor
  • Efficiency through digital technology utilization
  • Community-based customer response strength
  • Advanced construction safety management
  • Introduction of environmental impact reduction technologies
  • Robust employee education and talent development
  • Business expansion across a wide range of construction fields
  • Experience in public-private partnership projects
  • Stable financial base
  • Extensive transaction record
  • Sustainable construction method development
  • Competitive pricing
  • Rapid problem-solving capability

Competitive Advantages

  • Large number of engineers improves construction quality
  • Abundant track record in civil engineering and construction works nationwide
  • Efficiency gains from introducing latest construction management systems
  • High customer satisfaction through community-based management
  • Improved corporate image with environmentally considerate methods
  • Flexible response to diverse customer needs
  • Future organizational strengthening through young engineer development
  • Competitive edge from ICT construction solutions
  • Reliability from public sector project reception record
  • Low accident rate emphasizing construction safety
  • Maintaining extensive materials procurement network
  • Proposing works compliant with environmental regulations
  • Risk diversification through business diversification across multiple fields
  • Rapid construction response and trouble resolution
  • Promoting initiatives toward a sustainable society

Threats

  • Intense price competition with major general contractors
  • Difficulty securing engineers due to construction labor shortage
  • Cost increases from rising raw material prices
  • Impact of economic fluctuations on construction investment
  • Potential project delays due to disaster risks
  • Increasing construction constraints from stricter environmental regulations
  • Decline in competitiveness from lagging technological innovation
  • Impact from fluctuations in public works budgets
  • Increasing safety risks at construction sites
  • Political risks in overseas business
  • Risk of delay in digitalization response
  • Insufficient response to changing customer needs

Innovations

2023: Expansion of ICT Adoption in Construction Management

Overview
Introduced cloud-based construction management system to enhance work efficiency and safety management.
Impact
Succeeded in visualizing project progress and reducing troubles

2022: Advancement of Seismic Retrofit Technology

Overview
Initiated development of new vibration-damping devices to improve seismic work effectiveness.
Impact
Significantly improved post-construction safety

2024: Trial Introduction of Automated Construction Technology

Overview
Conducting proof-of-concept experiments with robot-based construction automation.
Impact
Expected to alleviate labor shortage issues

2021: Expansion of Eco-Friendly Concrete Adoption

Overview
Actively introducing low-CO2 emission materials to reduce environmental impact.
Impact
Strengthened environmental regulation compliance and increased new orders

2020: Enhanced Site Management with Safety Monitoring Cameras

Overview
Enabled early detection of safety violations using AI-equipped cameras.
Impact
Contributed to significant reduction in work accident risks

Sustainability

  • Over 90% recycling rate for construction waste sorting and resource recovery
  • Promotion of environmentally friendly materials adoption
  • Promotion of CO2 emission reductions through energy-saving construction
  • Expansion of participation in local greening activities
  • Strengthening of safety and health management systems
  • Promotion of active roles for female engineers
  • Promotion of local hiring and contribution to regional economy
  • Reduction in water usage and introduction of water-saving technologies
  • Strengthening environmental audits of supply chains
  • Promotion of remote construction technology utilization
  • Regular implementation of traffic safety education
  • Employee environmental awareness programs