NITTOC CONSTRUCTION CO.,LTD. (1929) Stock Price

Nittoc Construction is a corporate group primarily engaged in construction operations. The group consists of Nittoc Construction itself, seven subsidiaries, and one substantial parent company. Nittoc Construction focuses on construction business, with particular emphasis on civil engineering works.

Ryokko Sangyo Co., Ltd., a consolidated subsidiary, conducts civil engineering operations and material sales. Nittoc Construction procures materials from Ryokko Sangyo to support its construction projects. Additionally, Asou Formcrete Co., Ltd. became a consolidated subsidiary as of March 2025 and handles civil engineering work. Nittoc Construction outsources portions of its projects to this company.

Furthermore, Yamaguchi Earth Engineering Co., Ltd., Shimane Earth Engineering Co., Ltd., Ehime Earth Engineering Co., Ltd., Fukui Earth Engineering Co., Ltd., and PT. NITTOC CONSTRUCTION INDONESIA also operate civil engineering businesses. These subsidiaries provide civil engineering services tailored to regional needs.

Nitoku Construction has launched its medium-term management plan "Next Challenge Stage III" for 2023-2025 and is advancing its growth strategy. This plan aims for mutual growth between people and the company from a long-term perspective, while considering the company's purpose and mission. Key priorities include securing and developing human capital, improving productivity, strengthening occupational health, safety and quality management, promoting sustainability-focused management, and pursuing new business areas.

Nitoku Construction is promoting diverse work styles in response to amendments to the Labor Standards Act and improving operational efficiency through digital transformation. These initiatives enhance employees' workplace environment and compensation while developing technical expertise. The company is also advancing mechanization of construction processes through technology adoption and increasing the ratio of high-productivity work types to achieve stable profit generation.

Additionally, Nitoku Construction plans to leverage the strengths of Asahi Foam Concrete Co., Ltd., which joined the group in March 2025, and maximize its sales network to increase market recognition. Through these efforts, the company aims to achieve revenue and profit growth while pursuing sustained growth in corporate value.