Ibokin
Basic Information
- Stock Code
- 5699
- Industry
- Steel
- Category Detail
- Professional Services for Businesses
- Prefecture
- Hyogo Prefecture
- Establishment Year
- August 1984
- Listing Year
- August 2018
- Official Website
- https://www.ibokin.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Amita Holdings, Revo International, EnviPro Holdings, Hamai, Midac Holdings, Yokogyo, Hatsuhoshi Shoji, Seiyu Kogyo, Furuhashi EPO, TRE Holdings, Daiei Environment, Daiseki
Overview
Ibokin is a specialist service company founded in 1984 and based in Hyogo Prefecture, centering on steel and industrial waste treatment, while also engaging in demolition work and environmental recycling businesses.
Current Situation
Ibokin recorded net sales of approximately 9.656 billion yen and ordinary income of approximately 823 million yen in fiscal 2024, maintaining a solid financial base. Its core businesses are demolition work, industrial waste treatment, and metal recycling, establishing a firm position in the industry. Toward realizing a sustainable circular society, it is strengthening its technologies and services through the introduction of state-of-the-art heavy machinery and the acquisition of a subsidiary specializing in asbestos treatment. Through collaboration with its capital partner River Holdings, it is expanding its recycling business and actively engaging in community-based environmental conservation activities. In the future, against the backdrop of strengthening environmental regulations, it aims to enhance the added value of waste treatment and demolition, promoting a growth strategy focused on sustainability. It is also diversifying its business areas using multiple subsidiaries and concentrating on long-term business expansion.
Trivia
Interesting Facts
- Initially established as Ibogawa Metal Co., Ltd., starting business in steel-related fields.
- Designated in 2003 as a direct supplier to Nippon Steel (formerly Nippon Steel) Hirohata Steelworks.
- Introduced large 130-ton class heavy machinery, enabling demolition of high-rise buildings.
- Owns subsidiaries specializing in demolition works and asbestos treatment.
- Strengthened recycling through capital and business alliance with River Holdings.
- Capable of complying with numerous industrial waste treatment laws and environmental regulations.
- Multiple business sites centered in Tatsuno City, Hyogo Prefecture, with a regional focus.
- Strengthened industrial waste treatment system by owning in-house final disposal sites.
- Integrates waste treatment and steel recycling to meet customer needs.
- Actively disseminating corporate information and activities on Facebook and YouTube.
- Growth company listed on the Tokyo Stock Exchange Standard Market in 2018.
- Audited by Azusa Audit Corporation.
- Capable of disaster waste treatment through collaboration with local administrations.
- High expertise including environmental sanitation management and pest control services.
- Net sales approaching 10 billion yen, mid-sized in the industry.
Hidden Connections
- Strong mutual relationships with peers like Yokogyo in customers and partnerships.
- Expanded metal recycling network through alliance with River Holdings.
- Built long-term trust-based direct transactions with Nippon Steel Hirohata Plant.
- Based on demolition works demand in Hyogo Prefecture, expanding in the Kinki region.
- Technological improvements accompanying strengthened environmental regulations have become regional standards.
- Broadens business scope through collaboration with subsidiaries Kuninori Kogyo and Mitsue.
- Focuses on disseminating environmental awareness activities via Facebook and YouTube.
- Actively undertakes public projects with quality assurance through industrial waste treatment law compliance.
Future Outlook
Growth Drivers
- Expansion of industrial waste treatment demand due to strengthened environmental regulations.
- Response to recycling technology innovations and resource circulation society.
- Increased demolition works demand accompanying local government infrastructure renewal.
- Business expansion and efficiency through capital and business partnerships.
- Strengthened initiatives toward digitalization and automation of waste treatment.
- Corporate needs for advanced waste management due to heightened environmental awareness.
- Increase in facility aging demolition cases accompanying aging society.
- Popularization of sustainable waste treatment solutions.
Strategic Goals
- Expand industrial waste treatment sales to 15 billion yen annually.
- Achieve top regional market share in asbestos treatment and demolition fields.
- Improve industry trust through environmental regulatory compliance.
- Achieve 30% improvement in management efficiency and enhanced customer satisfaction through DX promotion.
- Maximize environmental impact reduction through development of diverse waste treatment technologies.
- Strengthen revenue base by expanding collaborative businesses with capital and business partners.
- Continuously promote regional environmental contributions and enhance brand value.
- Raise environmental certification acquisition rate to over 90%.
Business Segments
Demolition Works Service
- Overview
- Provides environmentally considerate demolition services for buildings, ensuring safe and efficient construction.
- Competitiveness
- Possesses state-of-the-art heavy machinery and advanced asbestos removal technology
- Customers
-
- Large Factories
- Commercial Facility Operators
- Public Organizations
- Construction Companies
- Real Estate Developers
- Government Agencies
- School Corporations
- Hospital Operators
- Logistics Companies
- Plant Companies
- Facility Management Companies
- General Corporations
- Products
-
- High-Rise Building Demolition
- Asbestos Treatment
- Interior Demolition Work
- Heavy Equipment Rental
- Decontamination Works
Industrial Waste Collection and Treatment
- Overview
- Safely collects, transports, and treats industrial waste in compliance with environmental regulations.
- Competitiveness
- Rapid transportation with in-house vehicles and diverse processing capabilities
- Customers
-
- Manufacturing Companies
- Food Factories
- Chemical Manufacturers
- Construction Sites
- Transportation Companies
- Hospitals
- Restaurant Chains
- Cleaning Companies
- Recycling Companies
- Local Governments
- Public Facilities
- Commercial Facilities
- Products
-
- Metal Scrap Resource Recycling
- Chemical Waste Liquid Treatment
- Sludge Treatment
- Incineration and Landfill Treatment
- Plastic Sorting Treatment
- Asbestos Collection and Transportation
Metal Recycling Business
- Overview
- Reprocesses used metals and resupplies them as high-quality resources.
- Competitiveness
- Stable supply system through partnership with River Holdings
- Customers
-
- Steel Manufacturers
- Metal Processing Companies
- Construction Companies
- Waste Treatment Companies
- Recycling Centers
- Industrial Waste Operators
- Steel Scrap Operators
- Manufacturing Industries
- Automobile Dismantling Operators
- Foundries
- Products
-
- Steel Scrap Collection
- Non-Ferrous Metal Processing
- Metal Smelting Service
- Reprocessed Product Sales
Environmental Consulting
- Overview
- Reduces clients' environmental risks and supports regulatory compliance.
- Competitiveness
- On-site responsive consulting leveraging practical knowledge from industrial waste treatment sites
- Customers
-
- Manufacturing Companies
- Construction Companies
- Local Governments
- Hospital Operators
- Logistics Companies
- Waste Treatment Operators
- Infrastructure Operators
- Commercial Facility Operations
- Real Estate Management Companies
- Local Government-Related Organizations
- Products
-
- Waste Management Plans
- Environmental Impact Assessments
- Regulatory Compliance Support
- Risk Management
Competitive Advantage
Strengths
- Stable management base in the steel industry
- Wide-ranging waste treatment and recycling technologies
- Regionally focused sales capabilities and multi-site expansion
- Business synergies from capital and operational partnerships
- Advanced asbestos treatment capabilities
- Established operational system for environmental regulatory compliance
- Strong customer base and diverse customer segments
- Improved construction efficiency through introduction of state-of-the-art heavy machinery
- Business expansion through collaboration with group companies
- Diversified business segment structure
- Safety-first work quality management system
- Proprietary digital waste management system
- Expertise in environmental consulting
- Industrial waste regulatory compliance capabilities
- Comprehensive technical training for employees
Competitive Advantages
- Comprehensive strength integrating steel-related services and industrial waste treatment
- Strategic deployment anticipating a future resource recycling society
- Business area expansion and expertise enhancement through subsidiary acquisitions
- Flexibility to rapidly respond to changes in environmental regulations
- Nationwide multi-site expansion for immediate response to regional needs
- Broad network sharing with capital and business partners
- One-stop services from demolition to recycling
- High customer trust based on regulatory compliance and safety management
- Strengthened treatment system by owning in-house final disposal sites for industrial waste
- Rapid service provision and high-precision technical support
- Environmental improvement proposals considering industry trends
- Stabilized revenue base across multiple fields
- Promotion of contributions to local communities and environmental protection activities
- Material procurement capabilities adaptable to diverse customer needs
- Brand strength from pioneering initiatives in the environmental field
Threats
- Cost increases due to further strengthening of environmental regulations
- Intense price competition in the industry and increasing new entrants
- Risk of rising raw material and heavy equipment prices
- Risk of construction delays due to natural disasters
- Decline in competitiveness from delays in technological innovation
- Operational efficiency deterioration due to labor shortages
- Potential decrease in orders due to economic fluctuations
- Risk of deterioration in financial condition of capital and business partners
- Increasing demands from changes in customer environmental awareness
- Restrictions on industrial waste treatment business due to regulatory strengthening
- Technological innovations and service enhancements by competitors
- Risk of loss of social credibility
Innovations
2024: Introduction of 130-ton Class Heavy Machinery for Demolition Works
- Overview
- Introduced large-capacity heavy machinery compatible with high-rise structures, dramatically improving work efficiency.
- Impact
- Increased orders for large-scale demolition works and enhanced safety
2024: Subsidiary Acquisition for Asbestos Treatment
- Overview
- Acquired a specialized asbestos removal company as a subsidiary to strengthen technological foundation.
- Impact
- Advanced regulatory compliance and creation of business synergies
2023: Construction of Waste Digital Management System
- Overview
- Advanced IT-ization of treatment history management to achieve efficiency and transparency.
- Impact
- Improved customer satisfaction and reduced processing errors
2022: Capital and Business Alliance with River Holdings
- Overview
- Strengthened alliance in metal recycling field to expand business areas.
- Impact
- Increased recycling business sales and technology sharing
2021: Eco Emissions Treatment Project Launch
- Overview
- Advanced waste treatment methods considering carbon dioxide reduction.
- Impact
- Reduced environmental impact and improved corporate image
Sustainability
- Promotion of resource circulation based on 3R principles
- Standardization of safe asbestos removal technology
- Thorough proper management of in-house final disposal sites
- Improved environmental performance of waste transportation vehicles
- Continuous participation in regional environmental conservation activities
- Compliance with environmental regulations and strengthened internal audits
- Implementation of environmental education programs for employees
- Promotion of renewable energy utilization
- Active response to the Basic Act on Establishment of a Recycling-Oriented Society
- Ongoing development of low-environmental-impact construction methods
- Improved processing efficiency through digital technology utilization
- Promotion of proper waste treatment and information disclosure