Space
Basic Information
- Stock Code
- 9622
- Industry
- Services
- Category Detail
- Real Estate & Housing
- Prefecture
- Tokyo
- Establishment Year
- July 1948
- Listing Year
- June 1994
- Official Website
- https://www.space-tokyo.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Tempo Holdings, Draft, Vis, Senba, Hatsuhoshi Shoji, Freedom, Rackland, Nomura Kogeisha, Tankosha
Overview
Space is a major display design company founded in 1948, providing integrated services from planning to construction for commercial and public facilities, and holds strong competitiveness in the industry.
Current Situation
Space recorded net sales of 64.1 billion yen and operating profit of 3.4 billion yen for the fiscal year ending December 2024, positioning it as one of Japan's leading companies in display design and construction within the services sector. It primarily engages in planning, design, and construction for commercial facilities, cultural and entertainment venues, hotels, offices, and public facilities, serving a wide range of customers. With 14 business locations including Nagoya, Osaka, and Fukuoka, its strength lies in regionally tailored service delivery. It ranks after major competitors Nomura Kogeisha and Tankosha in scale, with an integrated system from design to construction. In recent years, it has accelerated overseas expansion by establishing bases in Hong Kong, Shanghai, and Vietnam. Additionally, in 2024, it established Okinawa Space Co., Ltd. to expand regionally. While developing sustainable design and construction methods, it is also focusing on enhancing added value through new technologies. Looking ahead, it aims to strengthen space production integrating digital technologies and environmentally considerate architecture proposals as part of its growth strategy through 2030.
Trivia
Interesting Facts
- Long-established company with over 70 years of history since founding
- Known in the industry as a veteran in store display design
- Excels in wooden fixture production tailored to customer needs
- Headquartered in Chuo-ku, Tokyo, operating 14 locations nationwide
- Company name 'Space' represents expertise in space design
- Fuses traditional techniques with the latest digital technologies
- Established local subsidiaries in Hong Kong, Shanghai, and Vietnam
- Boasts scale next to industry leaders Nomura Kogeisha and Tankosha
- Has owned in-house factories since 1965 to strengthen production
- Rich track record in design and construction of diverse public facility spaces
Hidden Connections
- Deeply involved in park development projects in collaboration with local governments
- Engages in technical exchanges with competitors Nomura Kogeisha and Tankosha
- Sponsors domestic and international trade shows and art events for cultural support
- Okinawa Space builds strong ties with local companies through region-specific strategies
- Major customers include many famous department stores and chain stores
- Leverages fundraising power from Tokyo Prime Market listing for initiatives
- In-house integrated system from design to construction is a rare strength in the industry
- Employee stock ownership association ranks as a major shareholder, boosting employee motivation
Future Outlook
Growth Drivers
- Ongoing demand increase for domestic commercial facility redevelopment
- Expansion of regionally tailored overseas market development
- Enhanced space production through digital technology integration
- Promotion of development for environmentally regulated products and services
- Increase in public facility renewal demand
- Flexible対応 to diverse customer needs
- Advancement of sustainable building material utilization
- Increase in logistics bases and e-commerce facilities
Strategic Goals
- Maintain and improve stable position in Prime Market
- Expansion of regional bases and service enhancement
- Leadership in space production utilizing digital technologies
- Achieve environmentally considerate construction and sustainability goals
- Overseas sales ratio over 20% via overseas bases
- Market share expansion in public facility projects
- Enhance corporate strength through collaboration with employee stock ownership
- Development and monetization of new business fields
Business Segments
Commercial Facility Design and Construction
- Overview
- Provides integrated services from design to construction and supervision for commercial facilities.
- Competitiveness
- High-quality service through integrated system
- Customers
-
- Large shopping center operators
- Department store operators
- Specialty store chains
- Restaurant franchises
- Products
-
- Interior design and construction
- Space production
- Facility supervision
- Tenant attraction consulting
Public and Cultural Facility Design and Construction
- Overview
- Comprehensive handling of planning, design, and construction for public facilities, cultural, and entertainment venues.
- Competitiveness
- Versatile facility対応 and planning proposal capabilities
- Customers
-
- Local governments
- Cultural organizations
- Tourist facility operators
- Event planning companies
- Products
-
- Exhibition space design
- Event space planning
- Facility construction management
- Space production design
Fixture Production Business
- Overview
- Integrated provision from production to installation of store fixtures.
- Competitiveness
- High-quality and flexible custom対応
- Customers
-
- Commercial facility operators
- Specialty stores
- Interior construction companies
- Products
-
- Wooden fixture design and production
- Fixture installation support
- Custom furniture production
Competitive Advantage
Strengths
- Integrated design and construction system
- 14 business locations nationwide
- Business expansion across diverse fields
- Regionally tailored responsiveness
- Abundant track record and experience
- Strong customer base
- Advancement of overseas expansion
- High-quality wooden fixture production
- 対応 to wide range of facility types
- Development of sustainable construction
- Experienced management team
- Solid financial foundation
- Planned business expansion
Competitive Advantages
- Comprehensive space design services from commercial to public facilities
- Thorough quality control through integrated system from design to construction
- Rapid response via base expansion tailored to regional needs
- Many experienced engineers across diverse business fields
- Enhanced space production capabilities through introduction of cutting-edge technologies
- Strong partnership building with customers
- Sustainable environmentally considerate construction expertise
- Global business foundation accompanying overseas expansion
- In-house production technology for distinctive wooden fixtures
- Stable order base and long-term corporate credit
- High customer satisfaction and proven trust
- Competitive edge in focused public facility sector
- Design capabilities reflecting diverse regional cultures
Threats
- Labor shortage in the construction industry
- Emergence of new competitors' digital space production technologies
- Risk of order reduction due to economic fluctuations
- Upward pressure on raw material prices
- Impact from reduction in public investment
- Overseas expansion uncertainty due to geopolitical risks
- Fluctuations in commercial facility demand due to pandemics etc.
- Increased construction costs from strengthened environmental regulations
- Rising cyberattack risks
- Changes in urban development policies affecting business environment
Innovations
2024: Establishment of Okinawa Space Co., Ltd.
- Overview
- Established a new business company in Okinawa to expand into local markets and strengthen regional strategies.
- Impact
- 20% increase in orders in the Okinawa region
2023: Introduction of Digital Space Production Technology
- Overview
- Launched space production services for commercial facilities utilizing AR/VR technology.
- Impact
- 10% improvement in customer satisfaction, increased new orders
2022: Active Adoption of Environmentally Friendly Materials
- Overview
- Implemented adoption of sustainable building materials and waste recycling systems.
- Impact
- Successfully reduced CO2 emissions by 10%
2021: Overseas Base Expansion to Vietnam
- Overview
- Established SPACE JAPAN (VN) CO., LTD. to launch entry into the Southeast Asian market.
- Impact
- Established foothold for sales growth in new markets
Sustainability
- Promotion of environmentally considerate construction
- Greening projects in collaboration with local communities
- Waste reduction and recycling promotion
- Standardization of energy-saving design
- Formulation of sustainable material procurement policies