KANEMATSU ENGINEERING CO.,LTD. (6402) Stock Price

Market cap
¥10.5B
P/E ratio
9.8x
Kanematsu Engineering manufactures environmental sanitation equipment including suction vehicles, high-pressure washing vehicles, and sludge treatment machines for municipal and industrial cleaning operations.

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Business Overview

Kanematsu Engineering's primary business is the manufacturing and sales of environmental sanitation equipment. Specifically, the company produces powerful suction vehicles, high-pressure washing vehicles, sludge dewatering machines, and volume reduction equipment. These products are used for cleaning road gutters, sludge suction at civil engineering and construction sites, and industrial waste collection at factories.

High-pressure washing vehicles are used for cleaning sewage pipes, gutters, tanks, and heat exchangers. Sludge dewatering and volume reduction equipment are utilized at intermediate treatment facilities for sludge dewatering and volume reduction. These products play an important role in environmental sanitation operations.

Kanematsu Engineering handles product development, design, assembly, painting, inspection, and sales. Component manufacturing is outsourced to external suppliers, with the Procurement Department managing these relationships. Specific outsourcing partners handle assembly and painting of high-pressure washing vehicles.

After-sales service is provided by branch offices and designated service factories nationwide, with the Technical Service Department overseeing operations. The company has established the "KCS Network" to facilitate smooth service operations and information exchange. Export sales are conducted through ODA, with the Overseas Department managing these activities.

Management Policy

Kanematsu Engineering aims to contribute to society's prosperity through the manufacturing and sales of environmental equipment. The company operates based on technological expertise, prioritizing technological advancement and research and development. Its management philosophy centers on employee development, corporate prosperity, and social contribution.

The company targets improved operating profit margin on sales and return on equity (ROE), while emphasizing stable dividend payments to shareholders. Specifically, it has set a dividend payout ratio target of 35% to drive business growth.

Kanematsu Engineering develops, designs, manufactures, and sells industrial waste treatment equipment, pursuing products tailored to customer needs. Leveraging its strong market share domestically, the company is considering expansion into overseas markets to broaden its product and market reach.

The company has formulated its medium-term management plan "TUNEZEN" for 2026–2028, aiming to become an essential enterprise through preserving tradition, adapting to change, and pursuing innovation. Key priorities include productivity improvement, supply chain restructuring, and technical skill transfer.

Kanematsu Engineering is also enhancing work-life balance through digital transformation initiatives, internal branding promotion, and workplace environment improvements. These efforts aim to increase employee satisfaction and create a more comfortable working environment.

In terms of value delivery, the company continues to evolve its core products and pursue new markets and products. It responds to market needs through standardization of technology and quality, model changes, and eco-innovation initiatives. The company is also strengthening compliance and advancing external branding efforts.

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