Kyokuto Corporation
Basic Information
- Stock Code
- 7226
- Industry
- Transportation Equipment
- Category Detail
- Automobiles
- Prefecture
- Hyogo Prefecture
- Establishment Year
- June 1955
- Listing Year
- December 1989
- Official Website
- https://www.kyokuto.com/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- IT Media, Aichi Corporation, Kanematsu Engineering, Morita Holdings, ShinMaywa Industries, Tachies, Saniai Obry
Overview
Kyokuto Corporation is a major manufacturer of special-purpose vehicles and specialized vehicles founded in 1955, with strengths in the concrete pump truck sector and also handling environmental-related equipment as a leading company.
Current Situation
Kyokuto Corporation achieved consolidated sales of approximately ¥128 billion and operating profit of approximately ¥4.8 billion in the fiscal year ending March 2024, boasting a high market share in the special vehicle industry. Centering on its flagship concrete pump trucks, it manufactures a diverse range of special vehicles including dump trucks and water sprinklers, with multiple production bases in Japan and overseas, establishing a stable production system. In recent years, it has accelerated global expansion through the acquisition of a special vehicle manufacturer in Australia, and its environmental equipment division, such as waste-to-solid-fuel conversion facilities, is also growing. The company focuses on technological development and differentiates itself with proprietary products like Power Gate and Jet Pack. It is advancing ESG initiatives and sustainable growth strategies toward 2030. Looking ahead, it plans to strengthen its revenue base through further overseas market expansion and the introduction of new technologies for special vehicles.
Trivia
Interesting Facts
- The company that delivered Japan's first bulky and non-combustible waste crushing facility.
- Known as the developer of the Power Gate (tailgate lifter).
- Vehicle carrier 'Flat Top' is a proprietary product specialized for special vehicle loading.
- Operates multiple factories nationwide for comprehensive production and supply.
- Among Japan's special vehicle manufacturers, focuses on developing eco-friendly products.
- Has subsidiaries overseas and is advancing international business expansion.
- Also engaged in environmental business, highly evaluated in waste treatment facilities.
- Continues improvements in special vehicles for the construction industry over many years.
- Relocated head office to Chuo-ku, Osaka in 2023 for organizational renewal.
- Incorporated biogas plant design and construction company into the group.
Hidden Connections
- Maintains long-term technical partnerships and product supply with major construction and logistics companies.
- Built close cooperative relationships with local governments in environmental plant business.
- Expanded business in trailer and body manufacturing through group company Japan Trex.
- Successfully expanded in overseas markets with bulk material transport equipment.
Future Outlook
Growth Drivers
- Increasing demand for low-emission vehicles due to stricter environmental regulations
- Expansion of construction and special vehicle demand in overseas markets
- Growth expectations in recycling and waste treatment sectors
- Improved technological capabilities through global collaboration
- Rising needs for automation and efficiency in construction industry
- Strengthened initiatives for sustainable society
- Enhanced product competitiveness through new technology development
- Increasing demand for special vehicles across diverse applications
- Business efficiency improvements via digitalization
- Recovery and expansion of public investment
Strategic Goals
- Expand overseas sales ratio to over 30%
- Achieve 80%+ ratio of low-emission and environmentally friendly special vehicles
- Grow environmental plant business sales to over ¥20 billion
- Enhance overall competitiveness through group company collaboration
- Maintain R&D expenses at 5% of sales continuously
- Strengthen partnerships with local communities
- Establish sustainable management foundation
- Introduce smart and automation technologies for special vehicles
- Promote environmental load reduction in supply chain
- Foster innovation through diverse talent utilization
Business Segments
Special Vehicles for Construction Industry
- Overview
- Provides various special vehicles and related equipment used in construction sites, supporting work efficiency and safety.
- Competitiveness
- High technological capability and product reliability
- Customers
-
- Construction companies
- Civil engineering contractors
- Public project entities
- Architectural design firms
- General contractors
- Products
-
- Concrete pump trucks
- Dump trucks
- Truck mixers
- Water sprinklers
- Aerial work platforms
Vehicles for Logistics and Transportation Industry
- Overview
- Provides special-purpose vehicles suited for logistics and transport, realizing customer transport efficiency improvements.
- Competitiveness
- Broad compatibility with diverse applications
- Customers
-
- Logistics companies
- Transport operators
- Automobile dealers
- Special vehicle operators
- Rental car companies
- Products
-
- Vehicle carriers (Flat Top)
- Detachable body trucks
- Cargo handling assist devices
- Tank lorries
Waste Treatment and Recycling Business
- Overview
- Provides waste treatment equipment and systems supporting environmental protection and resource recycling.
- Competitiveness
- Advanced environmental adaptation technologies
- Customers
-
- Municipalities
- Waste treatment companies
- Recycling facility operators
- Environmental plant operators
- Products
-
- Garbage collection trucks
- Crushers
- Recycling plaza equipment
- Waste solid fuel conversion facilities
Special Vehicles for Overseas Markets
- Overview
- Develops and sells special vehicles tailored to diverse overseas needs.
- Competitiveness
- Product strength for global markets
- Customers
-
- Overseas construction firms
- International logistics companies
- Import/export traders
- Overseas sales agents
- Products
-
- Various special vehicles
- Overseas-spec concrete pump trucks
- Custom special vehicle manufacturing
Engineering and Maintenance Services
- Overview
- Provides design, construction, and maintenance services for environmental plants through subsidiaries.
- Competitiveness
- Abundant technical expertise
- Customers
-
- Subsidiaries and group companies
- Existing customers
- Environmental plant operators
- Products
-
- Equipment design and construction
- Maintenance services
- Engineering consulting
Parts and Components Supply for Special Vehicles
- Overview
- Develops and supplies advanced parts and devices internally and externally.
- Competitiveness
- Design technology and quality control
- Customers
-
- Group companies
- External assembly firms
- Parts trading companies
- Products
-
- Power Gate
- Special cargo handling devices
- Body frames and assemblies
Environmental and Energy-Related Plants
- Overview
- Designs and provides energy and recycling plants aimed at reducing environmental impact.
- Competitiveness
- Integration of environmental technologies
- Customers
-
- Renewable energy companies
- Local governments
- Industrial waste treatment companies
- Products
-
- Biogas plant equipment
- Resource recovery plants
- Crushers and solid fuel conversion facilities
Vehicles for Municipalities and Public Works
- Overview
- Supports local communities with indispensable special vehicles for public services.
- Competitiveness
- High suitability for public needs
- Customers
-
- Local governments
- Public works contractors
- Infrastructure-related companies
- Products
-
- Garbage collection trucks
- Water sprinklers
- Special work vehicles
Overseas Subsidiary Management and Marketing
- Overview
- Manages global group operations and conducts overseas promotion and technical support.
- Competitiveness
- Multinational management and collaboration
- Customers
-
- Overseas subsidiaries
- Import sales partners
- Overseas trade shows and meetings
- Products
-
- Global special vehicles
- Technical support services
Technical Support for Construction and Transportation Industries
- Overview
- Provides technical support and training to improve site efficiency and safety.
- Competitiveness
- Engineer training and know-how accumulation
- Customers
-
- Construction companies
- Transportation operators
- Subsidiary companies
- Products
-
- Technical consulting
- Work efficiency support
- Safety device introduction
Recycling Plant Development and Sales
- Overview
- Develops and sells recycling systems and equipment.
- Competitiveness
- Technologies compliant with environmental regulations
- Customers
-
- Recycling companies
- Environmental business firms
- Local governments
- Products
-
- Recycling center equipment
- Waste treatment components
Special-Purpose Vehicle Development Projects
- Overview
- Develops high-function special vehicles tailored to customer needs.
- Competitiveness
- Flexible technical responsiveness
- Customers
-
- Customer companies
- Research institutions
- Business partners
- Products
-
- Custom special vehicle design
- Prototype development
Competitive Advantage
Strengths
- High technological expertise specialized in special vehicles
- Diverse product lineup
- Robust domestic and international production system
- Development capabilities in environmentally friendly equipment
- Strengthened collaboration with group companies
- Reliable brand strength
- Long years of industry experience and know-how
- Product development responsive to customer needs
- Aggressive overseas market expansion
- Comprehensive after-sales service
Competitive Advantages
- Overwhelming market share in concrete pump trucks
- Development of proprietary Power Gate technology
- Proven track record in diverse environmental plant equipment
- Broad business areas under group umbrella
- International expansion utilizing overseas subsidiaries
- Advanced bulk material transport technology (Jet Pack)
- Flexibility in custom special vehicles
- Sustained long-term R&D framework
- Growth in environmental and recycling businesses
- Solid financial base and capital strength
Threats
- Accelerating technological innovations by competitors
- Risk of fluctuating raw material prices
- Export/import restrictions due to international situations
- Cost increases from stricter environmental regulations
- Demand contraction due to economic fluctuations
- Price competition from new market entrants
- Challenges in securing manufacturing personnel and engineers due to labor shortages
- Public works budget cuts from policy changes
- Revenue instability from exchange rate fluctuations
- Supply chain disruption risks
Innovations
2024: Acquisition of Australia's STG
- Overview
- Acquired an overseas subsidiary in special vehicle manufacturing to strengthen global expansion.
- Impact
- Successfully expanded overseas markets and enhanced product lineup
2023: Development of Environmentally Friendly Concrete Pump Truck
- Overview
- Launched new vehicle equipped with low-noise and low-emission technology.
- Impact
- Increased orders for residential and urban construction
2022: High-Functionality Upgrade for Detachable Body Trucks
- Overview
- Developed detachable special vehicles with improved operability and safety.
- Impact
- Improved customer satisfaction and expanded market share
2021: New Power Gate Platform
- Overview
- Differentiated with energy-saving, highly durable cargo lift.
- Impact
- Contributed to increased sales volume
2020: Improved Crusher for Environmental Plants
- Overview
- Introduced latest crusher with enhanced processing efficiency and durability.
- Impact
- Contributed to improved recycling rates
Sustainability
- Promoting adoption of waste solid fuel conversion facilities
- Expanding development of low-emission vehicles
- Supporting operation of waste recycling plants
- Promoting use of low-environmental-impact materials
- Setting CO2 reduction targets across the group
- Collaborative environmental conservation activities with local communities
- Developing technologies to improve waste treatment efficiency
- Promoting utilization of renewable energy