- Business
- Wakachiku Construction Co., Ltd. Wakachiku Construction Co., Ltd. (1888.T) specializes in marine civil engineering and construction services, offering offshore civil engineering including harbor and port facilities, breakwaters, tide embankments, dredging, reclamation, and man-made island projects; land civil engineering encompassing river works, expressways, roads, bridges, railways, tunnels, dams, and disaster recovery infrastructure; building construction for logistics warehouses, factories, accommodation facilities, and defense-related structures; real estate development through sales and leasing of properties; renewable energy projects such as onshore wind power, solar power, small hydropower, biomass, and geothermal facilities; overseas construction in Asia-Pacific regions including Indonesia, Sri Lanka, Vietnam, East Timor, Maldives, and emerging African markets via ODA and private investments; marine transportation and ship supervision; and construction consulting with advanced technologies like BIM/CIM, AI monitoring systems, ROV inspections, and remote systems. Founded on May 23, 1890, the company is headquartered at 2-23-18 Shimo-Meguro, Meguro-ku, Tokyo, Japan, and operates primarily in Japan with subsidiaries SHINSOU CONSTRUCTION Co., Ltd., Daimaru Bouon Co., Ltd., and TOSHIKUUKAN Co., Ltd., employing 854 consolidated staff as of fiscal year 2024. Recent developments include a Medium-Term Business Plan for FY2024-2026 targeting orders over 110 billion yen, net sales of 110 billion yen, operating profit above 6.5 billion yen, and ROE of 9% or higher; construction of a 12,000-ton floating dock scheduled for FY2027 completion to enhance productivity and reduce environmental impact; introduction of Japan's first semi-active motion-compensated gangway for safer SEP vessel transfers in offshore wind projects; joining FLOWCON for floating offshore wind advancements and developing wind-blade-install methods; award of large-scale Patimban Port Phase II in Indonesia; multiple Noto Peninsula Earthquake recovery contracts including Wakura Port; establishment of a Building Construction Division and Architectural Design Department in FY2025; renewable energy contracts in Miyagi, Shizuoka, and Yamagata; and investments in R&D, DX systems, human capital with 52 new graduates in FY2025 (up 85% YoY), and shareholder returns via 45%+ payout ratio and 3.6% DOE minimum.