- Business
- Yahagi Construction Co., Ltd. (1870.T) engages primarily in general construction business encompassing architectural works, civil engineering projects, and real estate development in Japan, with a focus on the Tokai area and expansion into the maglev economic zone; core products and services include planning, surveying, design, supervision, execution, and consulting for civil engineering and architecture such as condominiums, logistics centers, commercial facilities, office buildings, hotels, warehouses, factories, roadways, railroads, port and waterway facilities, tunnels, seismic retrofitting via proprietary PITA Column and PAN WALL methods, aseismic reinforcement, slope protection, land readjustment, public facilities like educational and cultural buildings, maintenance and management of structures, seismic resistance diagnosis, environmental pollutant inspection and removal, real estate sales, purchase, leasing, brokerage, investment management, and ancillary operations. Founded on May 14, 1949 and headquartered at 3-19-7 Aoi, Higashi-ku, Nagoya, Aichi, the company operates offices in Tokyo, Osaka, Tohoku (Sendai), Hiroshima, and Kyushu (Fukuoka), serving major clients including Nagoya Railroad Co., Ltd., Ministry of Land, Infrastructure, Transport and Tourism, and private firms like SENKO Co., Ltd., Nomura Real Estate Development, and GLP Japan; subsidiaries comprise YAHAGI REAL ESTATE Co., Ltd., Techno Support Co., Ltd., HOKUWA CONSTRUCTION, INC., YAHAGI BUILDING AND LIFE CO., LTD., YAHAGI ROAD CO., LTD., and others focused on specialized engineering, greenery, paving, and golf course management. Recent developments feature record-high net sales of ¥140.7 billion and orders received carried forward of ¥164.0 billion for the fiscal year ended March 31, 2025, driven by progress in large logistics facilities and civil engineering like the Taketoyo Kita Interchange; strategic acquisition of HOKUWA CONSTRUCTION, INC. in March 2023 to expand into the Kansai region and enhance synergies; ongoing Obu Tokai Development Project with sales of industrial lots generating significant revenue through FY2025; completion of key projects including SWING MALL, Shinkomaki-kita PD Center No. 2, and VENT VERT Arimatsu condominium; shift to a new shareholder return policy introducing dividend on equity ratio (DOE) target of 5% or more with progressive dividends from FY2026 alongside ¥90 annual dividend forecast; and medium-term management plan (FY2021-FY2025) surpassing targets with FY2026 forecasts of ¥168.0 billion net sales and ¥10.0 billion operating profit, backed by over ¥35 billion in growth investments exceeding the ¥30 billion plan, emphasizing real estate, R&D, human capital, IT, and M&A for sustainable expansion.