- CEO
- Takashi Owada
- Full Time Employees
- 1,419
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- 11-1, Minamisuna 2-chome Tokyo TY Japan 136-8666
- IPO Date
- Oct 2, 1961
- Business
- Toyo Kanetsu K.K. (6369.T) manufactures and constructs industrial plants and machinery, with a focus on storage tanks, logistics systems, and next-generation energy solutions; it provides engineering, design, construction, maintenance, and related services primarily through its Plant Business, Logistics Solutions Business, Next-Generation Energy Development Business, and Business Innovation segments. The company produces cryogenic and low-temperature tanks including flat-bottomed cylindrical double-shell tanks for LNG, LPG, and ethylene storage; atmospheric storage tanks such as floating roof tanks for crude oil, gasoline, and naphtha; pressure vessels like spherical tanks; material handling systems encompassing sorting, picking, conveying, Multishuttle pallet shuttles, T-sort table-sorting systems, and warehouse management systems (WMS); as well as industrial equipment, conveyors including Toyo Conveyor for civil engineering, and environmental survey services like asbestos testing and analysis. Founded in 1941 and headquartered in Tokyo, Japan, Toyo Kanetsu operates internationally with over 5,700 tanks constructed worldwide across more than 40 countries including Brunei, Malaysia, Australia, Indonesia, and the Middle East; it maintains a domestic leadership position with an 85% share of airport baggage handling systems in Japan and serves industries such as energy, e-commerce, manufacturing, airports, and 3PL providers through subsidiaries including Toyo Kanetsu Logistics Solutions, TKK Plant Engineering K.K., Scrum Software Co., Ltd., KIMOTO CORPORATION, Toyo Koken K.K., and Eco-Analysis Corporation. Recent developments include the May 2023 acquisition of Scrum Software Co., Ltd. to enhance WMS development and logistics solutions; the October 2023 acquisition of KIMOTO CORPORATION to bolster staffing for plant maintenance amid labor shortages; ongoing construction of a fourth factory near its Wakayama plant to expand production capacity, with operations commencing in November 2024; participation in a NEDO-subsidized project for large-scale liquefied hydrogen storage tanks targeting commercialization by fiscal 2027; advancement in ammonia and liquefied CO2 storage tanks; a 2023 order for a spherical chemical storage tank in Indonesia; formulation of a new Group Medium-Term Management Plan for fiscal 2025-2027 announced in May 2025; and revisions to shareholder return policies including share splits, restricted stock incentives, and treasury share disposals in 2025.