ASAHI CONCRETE WORKS CO.,LTD. (5268) Stock Price

Market cap
¥12.1B
P/E ratio
27.8x
Manufactures concrete pipes, culverts, and earthquake-resistant tanks while providing installation services and operating rental properties for steady income.

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Business Overview

Asahi Concrete Industry operates two main business segments: concrete-related business and real estate business. In the concrete-related business, the company manufactures and sells concrete secondary products and undertakes related construction work. The company also cooperates with Nippon Hume Co., Ltd. to sell and purchase concrete-related products.

The concrete-related business is further divided into three divisions: concrete secondary products, construction, and other operations. The concrete secondary products division manufactures and sells products such as hume pipes, box culverts, and earthquake-resistant fire water tanks. The construction division handles the installation work for these concrete products.

The other operations division purchases and sells construction materials and materials for attachment to concrete products. In the real estate business, the company operates rental properties including apartment buildings that it owns. This generates stable revenue.

Management Policy

Asahi Concrete Industry pursues a growth strategy centered on "integrity first," contributing to public works through the manufacture and sale of concrete secondary products. The company strengthens development of new technologies and products while advancing market expansion, aiming to support the preservation and resilience of national infrastructure. The company also prioritizes corporate social responsibility, pursuing stable corporate growth and social contribution while working to return profits to shareholders and employees.

To respond to changes in the construction and civil engineering industry, the company emphasizes productivity improvements through ICT adoption and promotion of precast construction methods. This positions the company to benefit from steady demand, including infrastructure aging countermeasures. The sales, design, and production divisions work as one integrated unit to build a system that responds quickly to customer needs, focusing on development and implementation of new products and construction methods.

On the sales front, the company focuses on design activities utilizing 3D technology and selective order acceptance, promoting sales tailored to field needs. In manufacturing, the company advances equipment upgrades to improve quality and production efficiency while reducing costs. This approach maintains competitiveness while addressing rising raw material prices.

Regarding human resources, the company prioritizes diversity and development, advancing year-round hiring of young and mid-career talent. Through workplace environment improvements and upgrades, the company strengthens the foundation of business operations and invests in developing core personnel for the next generation. This supports the company's pursuit of sustainable growth.

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