Takigami Kogyo

Basic Information

Stock Code
5918
Industry
Metal Products
Category Detail
Construction & Civil Engineering
Prefecture
Aichi Prefecture
Establishment Year
February 1937
Listing Year
October 1961
Official Website
http://www.takigami.co.jp/
TSE Information
TSE Information
Yahoo! Finance
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Other Companies
Oriental Shiraishi, Nakabo Tech, Fuji P.S., Miyaji Engineering Group, Kawada Technologies, Yokogawa Bridge Holdings, Komai Haltec, Kawagishi Kogyo, Nasu Denki Tekko, Takada Kiko, Toami, Genex

Overview

Takigami Kogyo is a mid-sized manufacturer based in Aichi Prefecture, founded in 1937, specializing in bridges, steel structures, and steel towers. It has built a stable position centered on government and public agencies through high-quality steel structure design and construction.

Current Situation

Takigami Kogyo recorded consolidated net sales of ¥16.318 billion and operating profit of ¥129 million for the fiscal year ended March 2020. The company mainly designs and manufactures bridges and steel structures for expressways and has a high dependence on public sector demand. Thanks to its technological strength, it boasts high-quality construction achievements as a mid-sized firm and collaborates with key affiliates to address diverse construction needs. In the 2020s, a scandal involving bid rigging in construction tenders came to light, but since then, it has worked to strengthen governance. As part of sustainable business operations, it is engaged in worker dispatching and electricity supply businesses, advancing diversification. Looking ahead, it aims to drive growth through rising construction demand, especially the expansion of needs for large civil engineering structures, and plans to enhance efficiency by adopting smart construction technologies. It is also strengthening regionally focused business development mainly in Aichi Prefecture to build a stable revenue base.

Trivia

Interesting Facts

  • Founded in 1937, a traditional steel structure manufacturer.
  • Mid-sized company with extensive track record in expressway bridges.
  • Has built long-term trust with public agencies.
  • Integrated system from design to fabrication and construction.
  • Headquartered in Handacho, Aichi Prefecture, focusing on regional contributions.
  • Diversified expansion through group affiliates.
  • Faced a scandal related to Ministry of Land, Infrastructure, Transport and Tourism in 2016.
  • Actively engaged in R&D for carbon reduction technologies.
  • Holds a certain market share as a domestic mid-sized bridge manufacturer.
  • Also operates worker dispatching business, contributing to job creation.
  • Possesses long-life, high seismic-resistant bridge technology.
  • Competitive in precision processing for building steel components.
  • Actively participating in regional industrial environment development.
  • Stable orders from public sector as a key strength.
  • Extends lifespan of steel structures with rust-proofing and corrosion resistance technologies.

Hidden Connections

  • Deep technological collaboration with major shareholder Takigami Seiki Kogyo.
  • Multiple affiliates provide integrated construction services.
  • Core presence within Aichi Prefecture's construction industry network.
  • Multiple direct contracts with Ministry of Land, Infrastructure, Transport and Tourism public works.
  • Operates in-house worker dispatching to strengthen construction capabilities.
  • Contributes to regional infrastructure diversification through electricity supply business.
  • Possesses proprietary production technologies for steel fabrication and bridges.
  • Strengthened internal governance following past bribery issues.

Future Outlook

Growth Drivers

  • Increasing demand for infrastructure aging countermeasures
  • Expansion of local government public works
  • Advancement of seismic and environmental technologies
  • Promotion of smart construction and DX
  • Increased orders through strengthened regional sales
  • Revenue stabilization via business diversification
  • Technology development to address construction labor shortages
  • Product development compliant with environmental regulations
  • Adoption of energy-saving and resource-efficient construction
  • Enhanced synergy with affiliates
  • Entry into overseas markets with bridge products
  • Government policy for expanded infrastructure investment

Strategic Goals

  • Market share expansion in public infrastructure
  • Full transition to smart construction
  • Mainstreaming environmentally considerate products
  • Enhanced corporate trust through governance strengthening
  • Alignment and reinforcement of functions with affiliates
  • Sustainable coexistence with regional society
  • New businesses accounting for over 20% of sales
  • Optimization of construction safety management
  • 30% reduction in CO2 emissions
  • Productivity improvement through DX promotion

Business Segments

Public Facility Construction

Overview
Designs and fabricates bridges and steel structures for public infrastructure, emphasizing quality and safety.
Competitiveness
Trust earned from advanced design technology and track record with public sector demand
Customers
  • Local governments
  • Ministry of Land, Infrastructure, Transport and Tourism
  • Public works companies
  • Bridge contractors
  • Construction consultants
Products
  • Bridge fabrication
  • Steel structure design and construction
  • Water gate manufacturing
  • Steel tower construction

Industrial Facilities and Building Structures

Overview
Provides corrosion-resistant steel structures for industrial buildings and equipment.
Competitiveness
Diverse component fabrication and customization capabilities
Customers
  • Private construction firms
  • Factory equipment companies
  • Steel fabricators
  • Logistics facility operators
Products
  • Corrosion-resistant steel
  • Multipurpose steel towers
  • Building steel components

Water-Related Infrastructure

Overview
Develops and provides high-quality products to support safety and durability of water facilities.
Competitiveness
High expertise in design and rust-proofing technology
Customers
  • Water bureaus
  • Dam management associations
  • River management organizations
Products
  • Water gates
  • Penstocks
  • Rust-proof steel structures

Building Materials Wholesale

Overview
Promotes stable transactions through material supply for construction sites.
Competitiveness
Long years of market experience and quality control
Customers
  • Building materials dealers
  • Workshops
  • Construction material distributors
Products
  • Steel building components
  • Rail components

Worker Dispatching Services

Overview
Provides worker dispatching specialized in construction and manufacturing fields.
Competitiveness
Expertise in talent management for the construction industry
Customers
  • Construction sites
  • Manufacturing
  • Civil engineering work
  • Logistics
Products
  • Engineer dispatching
  • Worker dispatching

Electricity Supply Business

Overview
Provides stable electricity supply to regional and industrial customers.
Competitiveness
Regionally focused energy supply
Customers
  • Local customers
  • Factories
  • Commercial facilities
Products
  • Power generation services
  • Electricity supply contracts

Competitive Advantage

Strengths

  • Stable order base from public sector demand
  • Advanced bridge and steel fabrication technology
  • Collaborative system with diverse affiliates
  • Regionally focused sales expansion
  • Strict adherence to quality and safety
  • Trust backed by long history
  • Revenue stabilization through diversified businesses
  • Diversified operations including worker dispatching and power supply
  • Robust design and construction system
  • Strength in public projects based on track record
  • Improved production efficiency with state-of-the-art equipment
  • Presence of experienced engineers
  • Strong relationships with local governments
  • Thorough safety management system
  • Commitment to sustainable business operations

Competitive Advantages

  • High dependence on and secured orders from public agencies, especially expressways
  • Technological capability for integrated services from design to construction
  • Quick response to customer needs through regional sales
  • Broad construction capabilities via group of affiliates
  • Active adoption of latest technologies to enhance construction productivity
  • Development technology for highly durable and corrosion-resistant steel products
  • Reliable construction through rigorous quality control and safety standards
  • Business diversification including worker dispatching and electricity
  • Continuous order acquisition through long-term customer relationships
  • Ability to execute large-scale projects with solid financial base
  • In-house production and supply network for diverse building materials
  • Technological expertise and experience suited for government projects
  • Focus on maintaining safe construction site environments
  • High product development capabilities aligned with market needs
  • Management stance reflecting sustainability awareness

Threats

  • Risk of damaged corporate image from scandals
  • Trend of reduced public works budgets
  • Intensifying price competition from rivals
  • Unstable fluctuations in construction material prices
  • Decline in construction capacity due to labor shortages
  • Risk of project delays from natural disasters
  • Cost increases from stricter regulations
  • Competitive lag from delays in adopting new technologies
  • Demand reduction from economic fluctuations
  • Impact from strengthened environmental regulations
  • Credit risk from business partners
  • Difficulty capturing overseas construction demand

Innovations

2024: Introduction of Smart Construction Technology

Overview
Improved construction efficiency using 3D design and digital twin technology.
Impact
Achieved shorter construction periods and advanced quality control.

2023: Development of Seismic-Resistant Girder Bridges

Overview
Practical implementation of new steel girder bridges designed for major earthquakes.
Impact
Contributed to enhanced safety of public infrastructure.

2022: Establishment of Low-Environmental-Impact Steel Fabrication Process

Overview
Reduced CO2 emissions and improved resource efficiency in manufacturing.
Impact
Achieved both environmental regulation compliance and cost reduction.

2021: Advancement of Rust-Proofing Technology

Overview
Introduced high-performance rust-proof coating technology for extended lifespan.
Impact
Contributed to reduced maintenance costs.

2020: DX Promotion in Construction Management Systems

Overview
Introduced cloud-based construction management systems to streamline operations.
Impact
Enhanced real-time and transparent site management.

Sustainability

  • Adoption of low-environmental-impact manufacturing processes
  • Strengthened safety and health management
  • Promotion of active use of local resources
  • Improvement of work environment and acceptance of diversity
  • Expansion of construction waste recycling
  • Development of energy-saving building technologies
  • Collaborative activities with local communities
  • Strict compliance with environmental regulations
  • Sustainable management through employee education
  • Reduction of carbon footprint