Nihon Kogyo
Basic Information
- Stock Code
- 5279
- Industry
- Glass and Stone Products
- Category Detail
- Construction Materials & Equipment
- Prefecture
- Kagawa Prefecture
- Establishment Year
- August 1956
- Listing Year
- February 1993
- Official Website
- http://www.nihon-kogyo.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Miki Kogyo, Soneck, Hip, Hotman, ZOA, Atom Ribintec, Benefit Japan, Nozawa, Nihon Hume, Asahi Concrete Kogyo, Nihon Concrete Kogyo, Toyo Asano, Mitani Sekisan, Yamau Holdings, Yamax, Asia Pile Holdings, Berutex Corporation, Nikkato, Kenso
Overview
Nihon Kogyo is a major domestic manufacturer of concrete secondary products established in 1956, providing products with strengths in landscape and civil engineering fields along with related construction services.
Current Situation
Nihon Kogyo recorded consolidated net sales of approximately 13.7 billion yen and operating profit of approximately 400 million yen in the fiscal year ending March 2024, maintaining a stable revenue base. Its main business is the manufacturing and sales of concrete secondary products, boasting a diverse product lineup including paving materials, civil engineering materials, and exterior products. Through its partnership with the Sekisui Chemical group, it has strengthened its technological capabilities and distribution channels, with developing private sector demand as a key challenge. It achieves regionally focused service provision through multiple production bases and a nationwide sales network. The company is focusing on reducing environmental impact, developing barrier-free compatible products, and cutting CO2 emissions. Following the Tokyo Stock Exchange market category change in 2022, it transitioned to the Standard market and is working to enhance corporate value. Moving forward, it aims to strengthen competitiveness and achieve growth expansion through the introduction of new technologies, production efficiency improvements, and sustainable product development.
Trivia
Interesting Facts
- Long-term partnership with Sekisui Chemical since 1969
- One of Japan's first manufacturers of environmentally considerate paving materials
- Regionally focused company with diverse domestic production bases
- Unique presence in the industry as a concrete secondary products specialist headquartered in Kagawa Prefecture
- Key supplier of concrete products for public facilities and urban development
- Originally started as Kagawa Block Industry
- Company history closely tied to local community development
- Known in the industry for pioneering environmentally responsive products
- Provides integrated services from manufacturing to construction
- Includes many local financial institutions among long-term shareholders
Hidden Connections
- Business partnership as a major shareholder of Sekisui Chemical significantly influences corporate strategy
- Maintains stable financial network with major banks in local Kagawa Prefecture
- Transitioned from JASDAQ to Tokyo Stock Exchange, flexibly responding to market environment changes
- Has experience participating in artificial reef-related environmental protection projects
- Unique service contributing to customer construction period shortening through construction site ancillary works
- Contributes to regional housing development and urban planning through combined civil engineering and landscape businesses
- Deploys regionally limited eco-paving material brands, strengthening ties with local governments
- Numerous joint research projects with industry associations promoting environmentally harmonious products
Future Outlook
Growth Drivers
- Expansion of demand for infrastructure aging countermeasures in public works
- Increased demand for low-carbon products due to strengthened environmental regulations
- Expansion of landscape material demand accompanying urban and redevelopment
- Product innovation through collaboration with Sekisui Chemical group
- Production efficiency improvements accompanying DX in construction sites
- Increased demand for related products due to barrier-free promotion
- Strengthened response to local revitalization initiatives by local governments
- Market expansion of recycled material utilization products
- Stable orders from aging infrastructure renewal demand
- Market growth for seismic and disaster prevention products
Strategic Goals
- Reduce CO2 emissions by 50% compared to 2020
- Achieve over 70% sales ratio of environmentally considerate products
- Complete full automation of production processes for efficiency
- Aim to expand market share in major domestic markets
- Create new businesses through strengthened collaboration with Sekisui Chemical group
- Increase investment in R&D for barrier-free and environmental products
- Strengthen sales bases and services in major cities nationwide
- Deploy CSR activities aiming for coexistence with local communities
- Introduce technologies corresponding to digitalization of construction materials market
- Organizational strengthening through diverse talent acquisition and development
Business Segments
Public Civil Engineering Materials Supply
- Overview
- Provides high-quality concrete materials for public works, emphasizing durability and environmental considerations.
- Competitiveness
- Strength in nationwide production and supply network
- Customers
-
- Local Governments
- Public Works Contractors
- Water and Sewerage Operators
- Road Construction Companies
- Civil Engineering Contractors
- Urban Development Companies
- Port and River Administrators
- Environmental Conservation Groups
- Electric Power Companies
- Railway Operators
- Products
-
- Paving Materials
- Box Culverts
- Drainage Pipes
- Revêtement Concrete Blocks
- Retaining Wall Materials
- Blind Ditch Products
- Seismic Reinforcement Materials
- Rainwater Storage Tanks
- Soundproofing & Vibration Isolation Materials
- Road Concrete Products
Private Construction & Civil Engineering Materials
- Overview
- Provides concrete secondary products combining landscape and functionality for private sector needs.
- Competitiveness
- Product development capabilities through technical partnership with Sekisui Chemical
- Customers
-
- Construction Companies
- Real Estate Developers
- General Contractors
- Housing Manufacturers
- Landscaping Contractors
- Local Builders
- Exterior Design Offices
- Commercial Facility Developers
- Public Facility Managers
- Infrastructure Maintenance Companies
- Products
-
- Exterior Products
- Garden Concrete Products
- Paving Tiles
- Foundation Products
- Soundproof Walls
- Lightweight Panels
- Recycled Materials
- Seismic Reinforcement Members
- Weed Barrier Sheet Foundation Materials
- Landscape-Related Materials
Construction-Related Services
- Overview
- In addition to product sales, provides construction-related services to offer total solutions.
- Competitiveness
- On-site construction-focused services contributing to shorter construction periods and stable quality
- Customers
-
- Construction Management Companies
- Civil Works Contractors
- Local Government Contracts
- Private Construction Sites
- Design Offices
- Public Facility Management Companies
- Products
-
- Ancillary Construction Works
- Construction Material Procurement
- On-Site Support
- Maintenance Services
- Recycling Support
- Construction Period Management Support
- Quality Control
- Environmental Safety Measures
Research & Development Collaboration
- Overview
- Contributes to innovation in concrete product technologies through industry-academia-government collaboration.
- Competitiveness
- Collaboration network with diverse research institutions
- Customers
-
- Construction Materials Research Institutions
- Universities & Research Institutes
- Manufacturing Equipment Manufacturers
- Environmental Technology Developers
- National Institute of Advanced Industrial Science and Technology
- Public Interest Groups
- Products
-
- New Material Development
- Environmentally Considerate Products
- Durability Evaluation
- Energy-Saving Technologies
- Recycling Technologies
- Construction Technology Improvements
- Product Performance Testing
Environmentally Focused Product Supply
- Overview
- Provides various products considerate of environmental impact reduction and promotes social contributions.
- Competitiveness
- Early focus on environmentally considerate product development
- Customers
-
- Environmental Consultants
- Urban Planning Offices
- Municipal Environmental Departments
- Eco-Building Stakeholders
- Renewable Energy Companies
- Urban Greening Promotion Groups
- Products
-
- Permeable Paving Materials
- Water-Retaining Paving Materials
- Recycled Material Products
- Low-Carbon Concrete
- Eco Landscape Materials
- Barrier-Free Compatible Products
Competitive Advantage
Strengths
- Strong corporate partnership with Sekisui Chemical
- Domestic network with diverse production bases
- High-quality concrete product lineup
- Early development and commercialization of environmentally considerate products
- Regionally focused sales organization
- Strengths in civil engineering and landscape fields
- Stable financial base
- Long-term customer relationship building
- Provision of construction-related services
- Active investment in technology development
Competitive Advantages
- Ability to leverage Sekisui Chemical group's technology and distribution channels
- Product development capabilities corresponding to energy-saving and environmental regulations
- Rapid supply system through diverse production bases
- Customer support strength via regionally focused sales functions
- Comprehensive product deployment in civil engineering and landscape meeting customer needs
- Ability to propose services bundled with construction-related services
- Improved reliability through high-quality management systems
- Superiority during environmental regulation strengthening
- Coverage of wide product categories
- Brand trust from long years of industry experience
Threats
- Impact on sales from fluctuations in private construction demand
- Intensifying price competition in construction materials
- Rising material prices such as steel and resins
- Increased burden of complying with strict environmental regulations
- Production and supply risks from natural disasters
- Difficulty in securing talent due to successor shortages
- Potential market shrinkage from emerging alternative materials
- Labor shortages and rising labor costs in domestic construction industry
- Competition with global manufacturers
- Investment restraint due to uncertain economic conditions
Innovations
2024: Development of Low-Carbon Concrete Products
- Overview
- Commercialized concrete using a new manufacturing process that reduces CO2 emissions by 50%.
- Impact
- Reduced environmental impact and improved customer evaluation
2023: Enhancement of Barrier-Free Paving Materials
- Overview
- Renewed barrier-free paving materials including braille tiles for the visually impaired, improving safety.
- Impact
- Increased adoption in public and commercial facilities
2022: Expansion of Recycled Material Product Line
- Overview
- Launched environmentally considerate concrete products utilizing construction waste materials.
- Impact
- Sales expansion and improved corporate evaluation under strengthened environmental regulations
2021: Introduction of Automated Production Lines
- Overview
- Introduced robots at some factories to improve production efficiency and commenced operations.
- Impact
- 20% productivity improvement and quality enhancement
2020: Certification for Environmentally Considerate Paving Materials
- Overview
- Successfully developed water-retaining and permeable paving materials certified under JIS standards.
- Impact
- Increased adoption in public works and enhanced environmental brand value
Sustainability
- Set target to reduce CO2 emissions in manufacturing by 50%
- Continuous improvement of waste recycling rate
- Active development of low-environmental-impact products
- Strengthened response to barrier-free society
- Active participation in local environmental conservation activities
- Expansion of energy-saving production equipment introduction
- Strict compliance with labor safety and health standards
- Promotion of employee environmental education and awareness
- Promotion of sustainable material procurement
- Strengthened collaboration with local communities