Industry map/Resources, Energy & Materials
Cement & Concrete industry map
Who earns the money in Cement & Concrete, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 30 companies · ¥1.59T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥1.59T
- Companies
- 30
- Avg. salary（parent only）
- ¥6.6M
- Industry weather
- Sunny
YoY +3.1%
Avg. age 44.1
Operating income +13.6%
Taiheiyo Cement[5233]
Cement + 1 more
- Revenue
- ¥727.5B▼0.1%
- Operating income
- ¥59.4B▼7.3%
Margin 8.2%
Whole company: Revenue ¥898.4B · Net income ¥25.4B
Avg. salary ¥8.5M · 39.6（parent only）
Asia Pile Holdings[5288]
Domestic business + 1 more
- Revenue
- ¥116B▲15.0%
- Operating income
- ¥10.9B▲153.0%
Margin 9.4%
Whole company: Revenue ¥116B · Net income ¥7.59B
Avg. salary ¥10.3M · 50.9（parent only）
- Taiheiyo Cement owns 6.6%
Nippon Concrete Industries[5269]
Concrete secondary product + 1 more
- Revenue
- ¥48.9B▼6.5%
- Operating income
- ¥2.03B▼17.8%
Margin 4.1%
Whole company: Revenue ¥49.2B · Net income ¥684M
Avg. salary ¥6.2M · 43.6（parent only）
- Taiheiyo Cement owns 2.7%
Nippon Hume[5262]
Foundation + 1 more
- Revenue
- ¥38.7B▲8.7%
- Operating income
- ¥3.94B▲21.5%
Margin 10.2%
Whole company: Revenue ¥40.2B · Net income ¥3.38B
Avg. salary ¥6.9M · 44.1（parent only）
- Asahi Concrete Works owns 5.4%
- Taiheiyo Cement owns 3.8%
Vertex[5290]
Concrete business + 2 more
- Revenue
- ¥38.5B▲25.7%
- Operating income
- ¥6.7B▲18.4%
Margin 17.4%
Whole company: Revenue ¥46.5B · Net income ¥10.3B
Avg. salary ¥7M · 50.8（parent only）
- Taiheiyo Cement owns 9.7%
Sumitomo Osaka Cement[5232]
Cement + 2 more
- Revenue
- ¥199.3B▲1.0%
- Operating income
- ¥9.96B▲69.9%
Margin 5.0%
Whole company: Revenue ¥223.7B · Net income ¥11.2B
Avg. salary ¥7.3M · 42.9（parent only）
mitanisekisanco.[5273]
Concrete secondary products
- Revenue
- ¥83.2B▲21.7%
- Operating income
- ¥14.7B▲39.7%
Margin 17.7%
Whole company: Revenue ¥99.9B · Net income ¥13.8B
Avg. salary ¥7M · 40.1（parent only）
- Sumitomo Osaka Cement owns 5.7%
Nittetsu Mining[1515]
Mineral
- Revenue
- ¥66.9B▲5.6%
- Operating income
- ¥8.01B▲10.4%
Margin 12.0%
Whole company: Revenue ¥209.7B · Net income ¥14B
Avg. salary ¥8.1M · 42.7（parent only）
- Sumitomo Osaka Cement owns 1.6%
Tokuyama[4043]
Cement
- Revenue
- ¥66.1B▲2.8%
- Operating income
- ¥9.54B▲27.9%
Margin 14.4%
Whole company: Revenue ¥349.5B · Net income ¥22.2B
Avg. salary ¥7.9M · 41.5（parent only）
TOA Road[1882]
Manufacturing sales and environment
- Revenue
- ¥47B▼4.4%
- Operating income
- ¥3.83B▲10.7%
Margin 8.2%
Whole company: Revenue ¥121.3B · Net income ¥3.43B
Avg. salary ¥8.7M · 44.5（parent only）
Geostr[5282]
- Revenue
- ¥28.9B▲1.2%
- Operating income
- ¥2.05B▲32.2%
Margin 7.1%
Avg. salary ¥7.6M · 48.0（parent only）
Yamax[5285]
Cement products for civil manufacturing + 1 more
- Revenue
- ¥25.3B▲12.9%
- Operating income
- ¥4.07B▲8.5%
Margin 16.1%
Whole company: Revenue ¥26.1B · Net income ¥2.07B
Avg. salary ¥6M · 43.3（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Seikitokyu Kogyo · Nihon Kogyo · Yamau Holdings · SE · Toyo Asano Foundation · Takamisawa · Asahi Concrete Works · Nikken Kogaku · Saita · ITO Yogyo · Giken Holdings · Yoshicon · Ueki · The Kaneshita Construction · Nanyo · Sumiseki Holdings · greenland resort · Mori-Gumi
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | Taiheiyo CementCement + 1 more | ¥727.5B | 45.7% | 8.2% | +9.0% | ¥13.2B |
| 2 | Sumitomo Osaka CementCement + 2 more | ¥199.3B | 12.5% | 5.0% | +5.7% | ¥1.88B |
| 3 | Asia Pile HoldingsDomestic business + 1 more | ¥116B | 7.3% | 9.4% | +5.6% | ¥9.33B |
| 4 | mitanisekisanco.Concrete secondary products | ¥83.2B | 5.2% | 17.7% | +6.5% | ¥7.98B |
| 5▲1 | Nittetsu MiningMineral | ¥66.9B | 4.2% | 12.0% | +5.3% | -¥25.4B |
| 6▼1 | TokuyamaCement | ¥66.1B | 4.2% | 14.4% | +7.4% | ¥21.9B |
| 7 | Nippon Concrete IndustriesConcrete secondary product + 1 more | ¥48.9B | 3.1% | 4.2% | +1.0% | -¥67.6M |
| 8 | TOA RoadManufacturing sales and environment | ¥47B | 3.0% | 8.2% | +2.1% | ¥9.65B |
| 9 | Nippon HumeFoundation + 1 more | ¥38.7B | 2.4% | 10.2% | +8.4% | -¥5.68B |
| 10 | VertexConcrete business + 2 more | ¥38.5B | 2.4% | 17.4% | +5.8% | ¥3.39B |
| 11 | Geostr | ¥28.9B | 1.8% | 7.1% | -1.7% | ¥3.53B |
| 12 | YamaxCement products for civil manufacturing + 1 more | ¥25.3B | 1.6% | 16.1% | +14.5% | ¥239.6M |
| 13 | Seikitokyu KogyoPavement material manufacturing and sales | ¥20.5B | 1.3% | 14.6% | +7.5% | ¥9.61B |
| 14 | Nihon KogyoCivil construction materials business unit + 2 more | ¥16.3B | 1.0% | 4.8% | +8.5% | -¥374M |
| 15▲1 | Yamau HoldingsConcrete products manufacturing and sales | ¥12.2B | 0.8% | 21.4% | +4.8% | ¥859.8M |
| 16▲1 | SEConstruction Material and Equipment Business | ¥12B | 0.8% | 6.0% | -2.4% | ¥386.2M |
| 17▼2 | Toyo Asano FoundationFoundation | ¥11.5B | 0.7% | 5.5% | -7.4% | ¥1.07B |
| 18 | Takamisawathe construction-related industry | ¥9.01B | 0.6% | 3.5% | -7.9% | ¥591M |
| 19 | Asahi Concrete WorksConcrete related business | ¥7.59B | 0.5% | 8.7% | +4.3% | -¥109.6M |
| 20 | Nikken KogakuSales on product | ¥4.68B | 0.3% | 6.3% | -6.5% | ¥84.7M |
| 21 | SaitaBuilding material business | ¥3.93B | 0.2% | 21.5% | — | ¥1.09B |
| 22 | ITO YogyoConcrete related | ¥2.3B | 0.1% | 9.3% | +6.4% | ¥318.2M |
| 23 | Giken HoldingsSteel form leasing allied enterprise | ¥1.35B | 0.1% | 28.0% | — | ¥762.9M |
| 24▲2 | YoshiconMaterial | ¥693.6M | 0.0% | 1.4% | -18.2% | -¥2.49B |
| 25▼1 | Uekia business that manufactures and sells construction material | ¥681.4M | 0.0% | 17.6% | +8.0% | -¥5.2B |
| 26▲3 | The Kaneshita ConstructionConstruction material sales Business | ¥446M | 0.0% | 2.7% | +10.8% | ¥18M |
| 27 | NanyoMacadamizing | ¥436M | 0.0% | 10.8% | -1.8% | ¥2.48B |
| 28 | Sumiseki HoldingsQuarrying business division | ¥436M | 0.0% | 27.5% | +7.8% | ¥4.49B |
| 29▲1 | greenland resortCivil engineering and Construction of Materials business | ¥372.1M | 0.0% | 26.2% | +3.2% | -¥443.6M |
| 30▼5 | Mori-Gumicrushed stone business | ¥299M | 0.0% | -29.1% | -16.2% | ¥2.33B |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Operating profit
- mitanisekisanco.75718
- Yamau Holdings592417
- Vertex681715
- Giken Holdings721315
- Yoshicon77914
- Saita691912
- Tokuyama642511
- Yamax741511
- Asia Pile Holdings81109
- Nittetsu Mining79129
- ITO Yogyo67249
- Taiheiyo Cement75178
- Asahi Concrete Works79138
- Geostr82117
- Seikitokyu Kogyo8677
- Sumitomo Osaka Cement7519
- Nippon Hume8014
- Nikken Kogaku7123
- Ueki88
- TOA Road887
- Nihon Kogyo7817
- SE7325
- Takamisawa8315
- Nippon Concrete Industries8316
- Toyo Asano Foundation8217
Showing the 25 largest companies by revenue.
Ownership links
From the major-shareholder section of annual securities reports.
- 日本製鉄株式会社Outside
- AffiliateGeostr41.5%
- StakeNippon Concrete Industries12.7%
- StakeNittetsu Mining10.3%
- Nippon HumeIn industry
- AffiliateAsahi Concrete Workscross-held29.6%
- フリージア・マクロス株式会社Outside
- AffiliateGiken Holdings27.5%
- 東急建設株式会社Outside
- AffiliateSeikitokyu Kogyo24.4%
- 積水樹脂株式会社Outside
- AffiliateNihon Kogyo23.7%
- 夢みつけ隊株式会社Outside
- AffiliateGiken Holdings22.3%
- Giken HoldingsIn industry
- StakeNikken Kogaku16.8%
- 西部ガスホールディングス株式会社Outside
- Stakegreenland resort14.6%
- Taiheiyo CementIn industry
- StakeToyo Asano Foundation13.2%
- StakeVertex9.7%
- StakeAsahi Concrete Works9.2%
- StakeAsia Pile Holdings6.6%
- StakeYoshicon4.6%
- StakeNippon Hume3.8%
- 三谷商事株式会社Outside
- Stakemitanisekisanco.10.4%
- ㈱長谷工コーポレーションOutside
- StakeMori-Gumi8.0%
- TokuyamaIn industry
- StakeYamau Holdings6.6%
- 株式会社ナガワOutside
- StakeNikken Kogaku5.9%
- Sumitomo Osaka CementIn industry
- Stakemitanisekisanco.5.7%
- Asahi Concrete WorksIn industry
- StakeNippon Humecross-held5.4%
- 阪和興業株式会社Outside
- StakeGeostr4.9%
- 日本駐車場開発株式会社Outside
- Stakegreenland resort4.5%
- 東急株式会社Outside
- StakeSeikitokyu Kogyo4.2%
- 高周波熱錬株式会社Outside
- StakeAsahi Concrete Works3.8%
- StakeToyo Asano Foundation3.1%
- 株式会社ＮＪＳOutside
- StakeNippon Hume3.7%
- 日本電設工業株式会社Outside
- StakeNippon Concrete Industries3.7%
- 日本国土開発株式会社Outside
- StakeNikken Kogaku3.3%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Cement & Concrete (by revenue)
All 30 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Taiheiyo Cement¥727.5B · 8.2%
- Sumitomo Osaka Cement¥199.3B · 5.0%
- Asia Pile Holdings¥116B · 9.4%
- mitanisekisanco.¥83.2B · 17.7%
- Nittetsu Mining¥66.9B · 12.0%
- Tokuyama¥66.1B · 14.4%
- Nippon Concrete Industries¥48.9B · 4.2%
- TOA Road¥47B · 8.2%
- Nippon Hume¥38.7B · 10.2%
- Vertex¥38.5B · 17.4%
- Geostr¥28.9B · 7.1%
- Yamax¥25.3B · 16.1%
- Seikitokyu Kogyo¥20.5B · 14.6%
- Nihon Kogyo¥16.3B · 4.8%
- Yamau Holdings¥12.2B · 21.4%
- SE¥12B · 6.0%
- Toyo Asano Foundation¥11.5B · 5.5%
- Takamisawa¥9.01B · 3.5%
- Asahi Concrete Works¥7.59B · 8.7%
- Nikken Kogaku¥4.68B · 6.3%
- Saita¥3.93B · 21.5%
- ITO Yogyo¥2.3B · 9.3%
- Giken Holdings¥1.35B · 28.0%
- Yoshicon¥693.6M · 1.4%
- Ueki¥681.4M · 17.6%
- The Kaneshita Construction¥446M · 2.7%
- Nanyo¥436M · 10.8%
- Sumiseki Holdings¥436M · 27.5%
- greenland resort¥372.1M · 26.2%
- Mori-Gumi¥299M · -29.1%
Revenue · Op. margin
Related industries
Analyze this page with AI
Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.