TOENEC CORPORATION (1946) Stock Price

Toenex's primary business is facility construction work, including power distribution line construction, underground cable construction, indoor wiring work, air conditioning piping work, and telecommunications work. Some of these construction projects are subcontracted to Toenex Service. Additionally, Asahi Syncrotech specializes in air conditioning piping work.

Toenex's overseas subsidiaries operate in China, Thailand, the Philippines, and Indonesia, providing indoor wiring work and air conditioning piping work. Related companies in Vietnam and Taiwan also perform similar construction services. Through these operations, Toenex is expanding its international business presence.

In the energy sector, Toenex provides solar power generation services, school air conditioning system services, and high-voltage collective power reception services for apartment buildings. Tateshina Sunsan Farm LLC operates agrivoltaic solar power facilities and engages in the production, processing, and sales of agricultural products.

In other business areas, Toenex conducts product sales. Toenex Service operates product sales, real estate leasing, office equipment rental, and general insurance agency services. Additionally, PFI Toyokawa Takaihara Crematorium is contracted to handle facility development, maintenance, and operations for the Toyokawa City Crematorium Hall.

Toenec operates primarily in the equipment construction business, aiming to create comfortable environments that meet society's needs. The company has established its management philosophy around deploying proprietary technologies and fostering a culture of challenge. This has solidified its position as a comprehensive equipment engineering company.

Based on its Medium-Term Management Plan 2027, formulated in 2023, Toenec is strengthening sales activities in growing carbon neutrality and digital transformation-related sectors. The company is expanding orders in the Greater Tokyo Area, Kansai region, and Asia, while enhancing flexible construction systems and strengthening its value chain.

Recognizing the declining working-age population, Toenec prioritizes talent acquisition and development as critical issues. The company is promoting active recruitment and productivity improvements through digital transformation to ensure both quality and quantity of human resources. This reinforces the foundation supporting corporate growth.

Safety is a key priority for Toenec, with efforts focused on establishing a corporate culture that prevents accidents. Additionally, through quality improvement and strengthened technology research and development, the company aims to become a preferred choice for customers.

Toenec is advancing compliance promotion and strengthening its governance framework to achieve transparent corporate operations. The company builds trust with business partners and pursues mutual prosperity through fair and equitable transactions.

In July 2024, Toenec became an affiliated company of Chubu Electric Power, enhancing management autonomy and agility. Toenec continues to pursue challenge and transformation to fulfill its mission of providing vitality and prosperity to society and achieve sustainable growth.