MIYAJI ENGINEERING GROUP, INC.
TTSE:34311,407.00
JPY
-12.00
(-0.85%)
MIYAJI ENGINEERING GROUP, INC.
TSE:3431
(Tokyo Stock Exchange)
Recent
price
1,407.00
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Miyaji Engineering Group, Inc. (3431.T) operates as a holding company that manages subsidiaries engaged in bridge construction, civil engineering, and steel structure activities primarily in Japan. The Company oversees design, diagnosis and inspection, manufacture, erection, maintenance, repair, and reinforcement of bridges, steel frameworks, and other steel structures; prestressed concrete construction; production and installation of coastal structures including immersed tube tunnels and caissons; earthquake-proof and seismic isolation works for large buildings, steel towers, chimneys, and factory facilities; sales of fiber-reinforced plastic structures, bolts, and welding materials; solar power generation; and temporary staffing services. Its key subsidiaries include MIYAJI ENGINEERING CO., LTD., which handles bridge and steel structure projects with facilities such as Chiba Works and equipment centers in Kurihashi, Hyogo, and Nasu; and MM BRIDGE CO., LTD., focused on marine steel structures and civil engineering with operations including Ichihara Works and Hiroshima Equipment Center. Headquartered at 9-19 Nihonbashi-Tomizawacho, Chuo-ku, Tokyo, the Company was founded in 1908 through its predecessor MIYAJI IRON WORKS CO., LTD. and established in its current form in 2003. Geographically, it maintains sales offices and branches across Japan, including in Sapporo, Sendai, Tokyo, Nagoya, Fukuoka, Nagasaki, and Okinawa, serving public sector clients such as the Ministry of Land, Infrastructure, Transport and Tourism and expressway operators. Recent developments include investments in DX technologies like CIM systems for girder bridges and floor slabs registered in NETIS; capital expenditures for relocating and expanding the Hyogo Equipment Center, upgrading Kurihashi Equipment Center facilities, and new painting equipment at Chiba Works; establishment of the Sustainability Promotion Committee in fiscal 2023 to address materialities, KPIs, and climate risks including Scope 3 GHG emissions; announcement of a 2024 Medium-Term Business Plan emphasizing technological innovation and M&A for growth; and enhanced shareholder returns through a raised total return ratio target to 60% and increased dividends to ¥192 per share for fiscal year ended March 31, 2024.