BESTERRA CO., LTD (1433) Stock Price

Market cap
¥9.9B
P/E ratio
13.5x
Bestera specializes in dismantling industrial plants in steel, power, gas, and oil sectors using proprietary low-carbon demolition technologies like the "Apple Peeling Method."

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Business Overview

Bestera's primary business is the dismantling and demolition of industrial plants in steel manufacturing, power generation, gas, and oil sectors. As a specialized contractor in plant demolition and maintenance, the company leverages its extensive experience and expertise to provide comprehensive engineering services, including construction methodology proposals, design, construction planning, subcontractor coordination, construction management, safety management, cost control, financial management, and administrative liaison.

Bestera has developed proprietary demolition technologies and holds patents for methods such as the "Apple Peeling Method" and "Wind Turbine Toppling Method," enabling low-carbon demolition solutions. The company possesses extensive expertise in removing hazardous materials including PCBs, asbestos, and dioxins, delivering demolition projects with superior cost efficiency, schedule performance, and safety standards.

As part of its DX Plant Solutions, Bestera provides 3D measurement services utilizing BIM-compatible 3D-CAD software. In 2019, the company acquired 3D Visual Inc. as a subsidiary to strengthen this business segment. To address labor shortages in the construction industry, Bestera launched personnel services in 2013 and acquired Hiro Engineering Inc. as a subsidiary in 2018.

Bestera's demolition projects are primarily commissioned by major corporations, with the company serving as a first-tier or second-tier subcontractor. Scrap and other valuable materials generated during project execution are collected and sold by the company. In personnel services, Bestera provides workers to client companies through a dispatch model, with the company handling recruitment and training.

Management Policy

Bestela is committed to contributing to environmental protection and aims to grow in the plant dismantling industry by leveraging innovative technology. The company's fundamental policy is to anticipate customer needs and contribute to society as an environmental solutions provider.

Bestela has established the "Decarbonization Action Plan 2025" as its medium-term management strategy and will promote unique ESG management from 2024 through 2026. Through this plan, the company seeks to enhance business competitiveness, strengthen its management foundation, and achieve the Sustainable Development Goals (SDGs).

Bestela's growth strategy focuses on advancing decarbonization dismantling solutions and DX plant solutions. In particular, the company aims to improve profitability through process innovation and operational efficiency via IT utilization. Additionally, the company will drive corporate culture transformation and innovation creation through human resources strategy.

Bestela targets revenue of 13 billion yen or more and operating profit of 1.2 billion yen or more, aiming to enhance corporate value. Through these targets, the company seeks to achieve both social sustainability contribution and profitable growth.

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