Nihon Suido Consultants Co., Ltd. (261A) Stock Price

Nissuicon is a construction consulting firm that provides surveying, planning, design, and construction supervision services focused on water and sewerage systems. The company offers technical consulting services related to lifelines, rivers, and environmental measures.

The company's primary customers are central government ministries and local municipalities, with approximately 93% of recent consolidated sales derived from government and public sector projects. Internationally, the company also undertakes government projects in Southeast Asia, India, Africa, and other regions through JICA and yen-based loans.

The business operates as a single construction consulting segment with divisions covering water and sewerage, rivers, environment, architecture, and mechanical and electrical systems. Teams of specialists in civil engineering, architecture, equipment, machinery, electrical systems, water quality, and information technology work together on projects. In recent years, the company has expanded into operations and management services through municipal support and public-private partnerships (PFI/concessions).

Based on its "Medium-Term Management Plan 2025," the company aims to become a "Water Impact Company." Specific management targets include an operating profit margin of 10% on sales and a return on equity (ROE) of 10%, with the goal of establishing an efficient revenue structure. Financially, the company plans to reduce reliance on financial institutions and pursue growth investments while maintaining stable dividends and share buybacks, primarily funded through internal capital and operating cash flow.

The company differentiates itself by focusing investment on large-scale, profitable public projects and national resilience-related work, while maintaining its core water and sewerage business. Beyond design and planning, it strengthens comprehensive solutions—including operations, management, and multi-year bundled contracts—to address labor shortages in the public sector, creating added value beyond being a mere engineering firm. Operational improvements such as rigorous time management and selective focus on high-margin projects are also being implemented.

In new market development, the company is expanding participation in long-term public-private partnerships (Water PPP and concession-based operation and renewal models) and targeting the government's goal of 225 combined water and sewerage projects by 2031. In the industrial infrastructure sector, it provides environmental and efficiency solutions for domestic production facility investments and overseas wastewater treatment needs, while strengthening project acquisition in Southeast Asia, India, and Africa through organizations like JICA. The company is also entering new business areas combining water with regional resources, such as small hydropower generation and agricultural use of sewage sludge.

The company pursues technological innovation and human capital investment in parallel, advancing digitalization of asset management, preventive maintenance methods, and development of energy-efficient treatment technologies. To address labor shortages from demographic decline, it is strengthening recruitment and building systems for skill transfer, while enhancing governance to increase corporate value. Through these efforts, the company seeks to achieve long-term order stability and improved profitability by leveraging its technical expertise and community-rooted operational capabilities.