TOKYO: Japanese construction materials firm Kondotec Inc said on Friday it will acquire all shares of Suzutoh Co., Ltd., making it a subsidiary as part of a strategy to strengthen its supply system and expand in growth areas.
The acquisition, approved by Kondotec’s board on Friday, is scheduled to be completed on Nov. 27, the company said in a statement. The purchase price was not disclosed due to a confidentiality agreement.
Suzutoh, established in 1963, manufactures and sells construction materials, including the widely used “Safety steel site hoarding” panels, and also operates a leasing business for temporary materials.
Kondotec, which has been actively acquiring companies in recent years, said the move would enhance its manufacturing capabilities for construction site materials and expand its sales methods to include rentals.
“The Company anticipates enhancing its manufacturing functions of materials for construction sites, for which demand is expected to increase in the future and expanding sales methods… such as rentals, and it expects this, in turn, to support the group’s sustainable growth,” Kondotec said in the statement.
According to the filing, Suzutoh has seen a recent recovery in profitability. For the fiscal year ended March 31, 2025, it reported an operating profit of 64 million yen, rebounding from an operating loss of 29 million yen a year earlier. Net sales for the latest period were 2.73 billion yen.
Following the acquisition, Kondotec will install its own executives to lead Suzutoh. Yukio Kumagai will become President and Representative Director, while several other Kondotec directors will join the board.
The company expects the impact of the acquisition on its consolidated results for the fiscal year ending 2026 to be minor. The effect on subsequent years will be announced once determined, it said.
Acquire RYUKYU BRIDGE LTD. in Subsidiary Move
Japanese construction materials firm KONDOTEC Inc. announced Friday that it will acquire all shares of RYUKYU BRIDGE LTD., making the Okinawa-based company a subsidiary.
The acquisition, approved by KONDOTEC’s board of directors, is part of the company’s strategy to strengthen its growth in areas including maintenance, overseas markets, and labor-saving technology, according to a company release.
RYUKYU BRIDGE LTD., which develops, manufactures, and sells construction materials, has a strong customer base in Okinawa’s growing construction industry. KONDOTEC stated that the acquisition will allow it to establish a operational foothold in Okinawa, where it currently lacks a physical presence, and leverage RYUKYU BRIDGE’s product development and overseas networks.
The share transfer is scheduled for December 3, 2025. The acquisition cost was not disclosed due to a confidentiality agreement.
Following the acquisition, KONDOTEC will appoint Ryuji Kamitakehara as the new President and Representative Director of RYUKYU BRIDGE. Other key executive roles will be filled by current KONDOTEC directors and officers.
KONDOTEC stated that the impact of the acquisition on its consolidated financial results for the fiscal year ending 2026 is expected to be minor, with the impact on subsequent years to be announced once determined.