Chiyoda Corporation

Basic Information

Stock Code
6366
Industry
Construction
Category Detail
Construction & Civil Engineering
Prefecture
Kanagawa Prefecture
Establishment Year
January 1948
Listing Year
March 1961
Official Website
https://www.chiyodacorp.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
JGC HD, Chugai Ro Kogyo, Taihei Electric Industry, Meisei Industrial, Mitsui Ocean Development, Nikko, Toyo Engineering, Mitsubishi Kakoki, Tsukishima Holdings, Raise Next, Metawater

Overview

Chiyoda Corporation is a major plant construction company founded in 1948, holding a high market share in liquefied natural gas (LNG) plants both domestically and internationally. It is a Mitsubishi-affiliated engineering company.

Current Situation

Chiyoda Corporation recorded consolidated sales of approximately 456.9 billion yen and operating profit of approximately 24.4 billion yen for the fiscal year ending March 2025, maintaining a stable financial base. It has strengths in oil refining and petrochemical plants, as well as LNG liquefaction plants, and undertakes plant construction in more than 40 countries worldwide. Mitsubishi Corporation is the largest shareholder, supporting stable business expansion with reliable capital backing. In recent years, it has focused on expanding the clean energy sector and developing CO2 capture technology, while advancing partnerships in biogas production and fuel cell vehicles. On the sustainability front, it contributes to society through environmental protection technologies and energy-efficient plants, positioning the acquisition of new large-scale overseas projects as a key pillar of its growth strategy. Since 2022, it has strengthened its management structure, leveraging technological prowess and Mitsubishi Group collaboration to maintain competitive edge in the highly competitive EPC market.

Trivia

Interesting Facts

  • Holds approximately 48% share in the LNG liquefaction plant market
  • First president from Mitsubishi Corporation
  • Plant construction track record in over 40 countries
  • Involved in construction of Iraq's largest oil refinery
  • Counted among Japan's big three engineering firms
  • Multiple awards in domestic and international environmental technology competitions
  • Entering fuel cell vehicle technologies
  • Approximately 4,000 consolidated employees active globally
  • Developed highly efficient natural gas liquefaction technology via CaLCa project
  • Established engineering firm with over 70 years of history
  • Secured numerous large-scale LNG plants in Qatar and Australia
  • Achieved reconstruction backed by stable Mitsubishi Group support
  • Owns diverse plant-related subsidiaries
  • One of the pioneers in Japan's environmental protection plants
  • Actively working to maintain industry-leading safety records

Hidden Connections

  • Capital ties with Mitsubishi Corporation position it as a core Mitsubishi Group company
  • Recognized as one of the 'big three engineering firms' alongside JGC and Toyo Engineering
  • Enhanced overseas expansion through past business alliance with U.S. KBR
  • Head office located in Grand Central Tower, Minato Mirai
  • Deeply involved in construction of Iraq's Baiji oil refinery, strong in Middle East energy sector
  • Many engineers and managers are graduates of prestigious universities like University of Tokyo
  • Demonstrates overall strength through collaboration with subsidiaries and affiliates in the industry
  • Received multiple commendations from Ministry of the Environment and Minister of Economy, Trade and Industry

Future Outlook

Growth Drivers

  • Global increase in LNG demand
  • Environmental technology development toward decarbonization society
  • Expansion of plant investments in emerging overseas countries
  • Enhanced funding and project acquisition through Mitsubishi Corporation collaboration
  • Growth in hydrogen energy-related business
  • Market expansion in fuel cell vehicles and biogas sectors
  • Evolution of project management capabilities
  • Technological innovation driven by rising demand for energy-saving plants
  • Contribution to construction of sustainable social infrastructure
  • Business efficiency improvement via AI and digital technology adoption
  • R&D structure supporting new business creation
  • Promotion of international standardization and certification acquisition

Strategic Goals

  • Expand LNG plant share to over 50%
  • Double environmental business sales centered on CO2 reduction technology
  • Raise overseas sales ratio to over 60%
  • Full-scale entry into hydrogen-related plant sector
  • Aim to be global leader in total EPC services
  • Improve productivity through digital transformation
  • Strengthen support for building sustainable social infrastructure
  • Enhance employee expertise and promote diversity
  • Expand regional collaboration and social responsibility activities
  • Complete safety management and quality assurance systems compliant with international standards

Business Segments

Plant Design and Construction

Overview
Undertakes design, procurement, and construction of large-scale plants on a lump-sum basis, providing advanced EPC services.
Competitiveness
Construction track record in over 40 countries worldwide and stable support from the Mitsubishi Group.
Customers
  • Energy companies
  • Chemical manufacturers
  • Government agencies
  • International oil-related companies
  • Steelmakers
  • LNG operators
  • Oil refineries
Products
  • LNG plant design
  • Oil refining equipment
  • Natural gas liquefaction units
  • Turnkey construction via EPC contracts
  • Environmental protection plants

Technical Consulting and Training

Overview
Supports plant operation and maintenance improvements and enhances engineer capabilities.
Competitiveness
Practical consulting expertise based on field experience.
Customers
  • Plant operating companies
  • Manufacturing industry
  • Engineer training institutions
  • Energy-related companies
Products
  • Plant operation optimization consulting
  • Engineer training programs
  • Maintenance management services

Engineering Support Services

Overview
Provides comprehensive support from equipment procurement to commissioning and maintenance.
Competitiveness
Support system leveraging long years of plant construction know-how.
Customers
  • Plant operators
  • Energy companies
  • Environmental protection companies
Products
  • Equipment procurement support
  • Commissioning services
  • Maintenance management

Environmental Technology Development and Equipment Provision

Overview
Utilizes advanced environmental technologies to provide energy-saving environmental protection equipment.
Competitiveness
Award-winning environmental technologies and track record in high-efficiency equipment.
Customers
  • Power generation operators
  • Pollution control companies
  • Local governments
Products
  • Flue gas desulfurization units
  • Water treatment plants
  • Ash handling equipment

Industrial Infrastructure Equipment

Overview
Contributes to productivity improvement through design and construction of industrial equipment.
Competitiveness
Design technology responding to diverse industry needs.
Customers
  • General manufacturing
  • Logistics companies
  • Electronic materials manufacturers
Products
  • Logistics facility design
  • FA equipment
  • Semiconductor cleanrooms

Nuclear-Related Facility Construction

Overview
Conducts design and construction of nuclear facilities with top priority on safety.
Competitiveness
Advanced safety management system by specialized engineers.
Customers
  • Nuclear power operators
  • Government-related agencies
Products
  • Nuclear-related plant design and construction
  • Safety management consulting

Chemical Product Manufacturing Plants

Overview
Designs and constructs diverse chemical and pharmaceutical manufacturing equipment.
Competitiveness
Precision and high-durability equipment design capabilities.
Customers
  • Chemical companies
  • Fine chemical manufacturers
Products
  • Polycarbonate production equipment
  • Aromatics plants
  • Pharmaceutical manufacturing equipment

LNG Receiving Terminals and Storage Facilities

Overview
Supports equipment setup from LNG receiving to storage.
Competitiveness
Provision of highly efficient energy-saving systems.
Customers
  • Energy supply companies
  • Local governments
Products
  • LNG receiving terminal construction
  • Storage facility design

Project Management

Overview
Handles management and coordination of large-scale projects on a comprehensive basis.
Competitiveness
Internationally certified PM technology and abundant experienced personnel.
Customers
  • Plant construction companies
  • Major general contractors
  • Energy operators
Products
  • International large-scale plant PM
  • Material procurement management
  • Schedule management

Training and Seminar Business

Overview
Offers a wide range of plant-related safety and technical training.
Competitiveness
Curriculum tailored to actual operations.
Customers
  • Engineers
  • Plant operating companies
  • Universities and educational institutions
Products
  • Operation training programs
  • Safety education
  • Technical training

Overseas Plant Orders and Management

Overview
Handles plant orders and construction supervision for multinational projects.
Competitiveness
Track record in over 40 countries.
Customers
  • Foreign governments
  • Overseas energy companies
Products
  • Plant construction orders
  • On-site construction management

Competitive Advantage

Strengths

  • One of Japan's largest LNG plant construction track records
  • Strong capital support from Mitsubishi Corporation
  • Overseas network spanning more than 40 countries
  • Abundant EPC contract know-how
  • Advanced environmental protection technologies
  • Plant design capabilities across multiple fields
  • Strong ties with the Mitsubishi Group
  • High expertise of engineers
  • Development capabilities in energy-saving and decarbonization technologies
  • Experience in long-term project operations
  • Stable transactions with a broad customer base
  • Continuous R&D investment
  • Excellent safety management track record
  • Adaptability to diverse industries
  • International project management capabilities

Competitive Advantages

  • Overwhelming market leadership with 48% share in the LNG plant market
  • Stable management backed by Mitsubishi Corporation's network and financial strength
  • High convenience of turnkey services through advanced EPC offerings
  • Pursuit of sustainability with environmentally responsive equipment and clean energy technologies
  • Global expansion power based on track record in over 40 countries overseas
  • Plant design and construction strength backed by proprietary technologies and know-how
  • Risk diversification through coverage of diverse business fields
  • Strict operational schemes for safety and quality management
  • Advanced technologies certified to international industry standards
  • Stable order intake enabled by strong customer base
  • Maintenance and enhancement of competitiveness through ongoing technological innovation
  • Differentiation achieved through development of environmental protection equipment
  • Enhanced sales power via collaboration with Mitsubishi Group companies
  • Flexibility to respond to EPC technologies and local needs
  • Abundant experience in large public and private projects

Threats

  • Risk of reduced overseas projects due to unstable international situation
  • Cost pressures from rising raw material prices and exchange rate fluctuations
  • Intensified price competition from emerging country companies
  • Increased compliance costs due to stricter environmental regulations
  • Risk of competitiveness decline directly linked to delays in technological innovation
  • Credit damage from delays or quality issues in large-scale projects
  • Risk of contraction in existing businesses due to energy transition
  • Talent acquisition difficulties leading to technology succession issues
  • Management strain from changes in funding environment
  • Overseas construction interruptions due to geopolitical risks
  • Risks of construction delays and equipment damage from natural disasters
  • Work restrictions due to COVID-19 or pandemics

Innovations

2024: CO2 Capture and Storage Study in Australia

Overview
Initiated demonstration tests for CO2 capture and storage technology in collaboration with local companies.
Impact
Contributes to expansion of environmental technology business

2023: Partnership with overseas emerging company on biogas production efficiency

Overview
Jointly developing new technology to improve biogas production efficiency.
Impact
Strengthens renewable energy business

2022: Development of performance-enhancing technology for next-generation flue gas desulfurization units

Overview
Developed a flue gas desulfurization unit 20% more efficient than conventional models, achieving reduced environmental impact.
Impact
Enhances market competitiveness of environmentally compliant products

2021: Energy-saving technology development for LNG liquefaction plants

Overview
Improved plant energy efficiency through proprietary heat recovery system.
Impact
Contributes to operational cost reduction and lower environmental impact

2020: Introduction of AI analysis tools in plant design

Overview
Utilizes AI technology to optimize design processes and improve quality.
Impact
Achieved shortened design time and cost reductions

Sustainability

  • Promotion of demonstration and commercialization of CO2 capture and storage technology
  • Strengthening development of biogas and renewable energy
  • Promoting widespread adoption of high-efficiency flue gas desulfurization units
  • Design and technology provision for energy-saving plants
  • Plant design considering reduction of environmental impact
  • Introduction of sustainable procurement standards
  • Employee environmental awareness enhancement activities
  • Participation in local environmental conservation projects
  • Waste recycling promotion programs
  • Strengthening energy management systems
  • Adherence to UN Global Compact
  • Regular publication of environmental reports