(5699) Stock Price

Ibokin operates comprehensive recycling businesses centered on three business segments: demolition, environmental services, and metals. Through these operations, the company aims to build a resource-循環型 society by recovering urban resources embedded in social infrastructure and returning them to society as recycled materials.

In the demolition segment, the company undertakes demolition and removal work for buildings, plants, and machinery. By-products generated at demolition sites are supplied as recycled resources. This approach leverages synergies across the environmental and metals segments to provide one-stop services.

The environmental services segment focuses on collection and transportation of industrial waste, intermediate processing, and sales of recycled resources. The company collects waste from manufacturing and construction industries, sorts and processes it, and sells it as recycled materials. The company prioritizes compliance and works to reduce environmental impact.

In the metals segment, the company collects and processes ferrous and non-ferrous metals, then ships them to steelmakers as raw materials for steel production. The company also dismantles end-of-life vehicles and ships them as recycled resources. By responding to market fluctuations and ensuring stable supply, the company has earned customer trust.

Iboken is working to achieve the Sustainable Development Goals (SDGs) and promote the formation of a circular economy society. As an "urban mining development company" that excavates, collects, and processes resources embedded in cities while providing diverse solutions for recycling, the company delivers high-quality services and fosters coexistence with stakeholders.

The company's growth strategy centers on demolition services as its growth engine, leveraging synergies between environmental and metal businesses to provide "one-stop services." This integrated approach handles factory and warehouse demolition, equipment and inventory removal and disposal, valuable material purchasing, waste recycling, and proper waste treatment, with the aim of increasing revenue.

Demolition services represent a high-growth sector within the construction industry, and the company is expanding operations against a backdrop of rising social demand. Particularly since the 2016 revision of the Construction Business Law increased separate contracting for demolition work, Iboken has strengthened its demolition services segment to capitalize on this opportunity.

Iboken also forms alliances with leading recycling companies nationwide to expand demolition operations across the country. This approach rationalizes waste management on a broader scale, strengthens compliance, and meets customer needs.

Additionally, the company is enhancing its internal management systems and improving operational functions to strengthen corporate governance. This enables swift and appropriate decision-making and business execution, supporting the company's goal of increasing enterprise value.

The company recognizes talent acquisition and development as critical priorities. By enriching in-house training programs, it is advancing employee skill development and management training. This supports organizational restructuring accompanying business expansion.

Finally, the company is introducing advanced technologies to improve operational efficiency and create safe, comfortable workplaces. This approach addresses labor shortages stemming from Japan's aging population and declining birth rate, enabling sustainable business operations.