MIYAJI ENGINEERING GROUP, INC. (3431) Stock Price

Market cap
¥47.1B
P/E ratio
15x
The Miyaji Engineering Group designs, builds, and maintains bridges, buildings, and coastal infrastructure across Japan through specialized engineering and construction services.

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Business Overview

The Miyaji Engineering Group consists of Miyaji Engineering Co., Ltd. and five subsidiaries. The group primarily provides design, construction, and project management services for social infrastructure including bridges, buildings, and coastal structures, as well as maintenance and renewal services for these facilities.

The company operates two reporting segments based on its business operations. The first segment, "Miyaji Engineering," handles the design, fabrication, and on-site construction of new bridges, as well as maintenance, repair, and reinforcement of existing bridges. This segment also manufactures and constructs other steel structures, sells FRP structures, and undertakes construction of prestressed concrete bridges, civil engineering projects, and large-span and high-rise buildings.

The second segment, "M.M. Bridge," is operated by M.M. Bridge Co., Ltd. This segment provides design, manufacturing, installation, sales, and repair services for bridges and coastal structures, enabling the group to meet a wide range of infrastructure-related needs.

Management Policy

Miyaji Engineering Group aims to create a prosperous nation and vibrant society through the construction and maintenance of social infrastructure. The company prioritizes compliance and risk management, pursuing sustainable growth through fair competition and the provision of safe, high-quality products and services. The company also emphasizes fulfilling social responsibility to all stakeholders.

The company is deploying a growth strategy centered on bridge construction, with an eye toward domestic economic growth. In particular, it is focusing on new bridge construction and large-scale renewal and maintenance projects, advancing projects that leverage its technical capabilities. The company is also actively participating in railway-related redevelopment projects and major initiatives, demonstrating its technical expertise.

Based on its medium-term management plan for fiscal years 2022–2026, Miyaji Engineering Group is strengthening its revenue base and management structure. The company is appropriately allocating management resources to new construction and large-scale renewal projects, aiming to improve productivity through technology development and digital transformation.

The company targets revenue of 58 billion yen and operating profit of 4 billion yen for the fiscal year ending March 2026. The company is strengthening initiatives to secure and develop talent, promote women's advancement, and implement work style reforms to realize sustainable growth. Through these efforts, Miyaji Engineering Group is pursuing further expansion.

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