Nakabohtec Corrosion Protecting Co.,Ltd. (1787) Stock Price

Nakabo Tech has been a leading company in corrosion prevention technology since its founding in 1951. The company's mission is to provide corrosion prevention technology to extend the lifespan of infrastructure facilities and contribute to the realization of a sustainable society. Specifically, the company conducts corrosion and deterioration surveys of structures, performs analysis and evaluation, proposes corrosion countermeasures based on the results, designs corrosion prevention systems, executes preventive works, and provides maintenance management.

Nakabo Tech operates two main business segments: "Construction Services" and "Product Sales." In construction services, the company provides corrosion prevention for port facilities, underground facilities, and land-based structures using electrochemical protection, coating protection, and paint protection technologies. In product sales, the company manufactures and sells corrosion prevention-related materials and equipment.

The company's business is divided into four segments: Port Operations, Underground Operations, Land-Based Operations, and Other. Port Operations provides corrosion prevention for port facilities such as quays and piers, while Underground Operations handles corrosion prevention for buried pipes and underground tanks. Land-Based Operations provides corrosion prevention for plant equipment and river structures.

Nakabo Tech also provides internal corrosion prevention for cooling tubes using electrochemical protection technology and anti-fouling technology against marine organisms. This prevents the attachment of marine organisms in power plant intake channels and heat exchanger interiors, preventing equipment malfunction. Additionally, the company is developing electrochemical protection for reinforced concrete structures as a new technology.

Nakabotec pursues corrosion prevention technology to protect the value of social infrastructure, with the aim of passing on a safe and secure daily life to the next generation. To realize this purpose, the company has formulated a medium-term management plan called the "23 Mid-Term Plan." This plan designates the three-year period from fiscal year 2023 to fiscal year 2025 as a phase for strengthening the business foundation, targeting sustainable growth.

The "23 Mid-Term Plan" prioritizes securing solid performance primarily through existing port-related operations. Additionally, the company aims to establish a foundation for new businesses that will generate revenue after the planning period. In particular, the company is focusing on offshore wind power generation and bridge reinforced concrete fields, working to ensure these new businesses deliver future profitability.

Furthermore, the company is strengthening its corporate structure by promoting operational efficiency and addressing the construction industry's 2024 labor shortage issue. Additionally, the company has begun initiatives in ESG (environment, social, and governance), advancing improvements in internal stakeholder engagement and responses to climate change risks. Through these efforts, the company aims to contribute to the realization of a sustainable society.

Nakabotec maintains a strong financial foundation with no interest-bearing debt, prioritizing profit returns to shareholders. In this manner, the company is advancing multifaceted strategies to pursue sustainable growth and contribute to society.