MEIKO CONSTRUCTION CO.,LTD. (1869) Stock Price

Meiko Construction is a corporate group composed of subsidiaries and affiliated companies, primarily engaged in construction and real estate businesses. As a general contractor, the company handles civil engineering and building construction projects, while also buying and selling land and buildings, and leasing office spaces.

Revenue is centered on construction contract fees and real estate sales and rental income, generating stable earnings from construction projects and lease agreements. The company outsources portions of construction work to group construction companies and business partners, with the group sharing revenues across these operations.

The business is divided into two main segments: construction and real estate. The construction segment focuses on civil engineering and building construction contracts. The real estate segment handles land and building sales, as well as office leasing, while affiliated companies such as Meiko Shoji support these operations through damage insurance agency services and other functions.

Under its 19th Management Plan, the company aims to become "a master craftsman of safety and technology" and "a company employees can be proud of." Numerical targets include orders of 95 billion yen and sales of 95 billion yen, with operating profit set at 6 billion yen. For the fiscal year ending March 2026, the company plans orders of 102 billion yen and sales of 98 billion yen, pursuing stable earnings through a dual approach of construction contract revenue and real estate leasing and sales.

Priority investment areas focus on safety and quality improvement, human capital investment, and business digitalization. Specific initiatives include cost reduction through centralized procurement and strengthened bidding capabilities through better coordination between sales and engineering. On-site quality management leverages BIM/CIM (design and construction data integration and visualization), with IT-based analysis such as temperature and stress analysis of concrete structures implemented in operations for competitive differentiation. The company also invests in reliability improvement, maintaining high ratings in Business Continuity Plan (BCP) evaluations.

Market expansion centers on large-scale government projects and major private developments (generally 10 billion yen or more). The company focuses on securing projects in railway-related construction, Shinkansen renovation, and NEXCO maintenance work, leveraging existing strengths. In private building projects, the company participates from the planning stage to enhance proposals on functionality and cost, and has secured orders for local projects including the Numazu elevated highway and new freight station rail construction. The company is also expanding into decarbonization-related fields including energy efficiency, renewable energy, and timber construction.

Technology innovation efforts include promoting business digitalization (DX) through establishing electronic databases, cloud-based groupware systems, and strengthening information security. The company continuously monitors latest solutions and implements technologies tailored to field needs, considering those that reduce heavy labor and improve productivity. For human resource development, the company is constructing a "Comprehensive Technical Training Center" to provide hands-on training using equipment simulating real conditions, ensuring succession of on-site skills and development of younger workers. The company aims to secure talent through expanded opportunities for women and senior workers and improved work-life balance.