INTEGRATED REPORT
2025
OKABE INTEGRATED REPORT
2025Value Creation Story
Driving Force for Value Creation
Value Creation Strategy Sustainability Governance Data 1
CONTENTS
Value Creation Story
OKABE'S VALUE 1
Our Significance 2
OKABE'S VALUE 2
Okabe's Business and
Competitive Advantage 3
OKABE'S VALUE 3
Okabe's Transformation and Vision
5
Message from the President
We are driving transformation to establish a new revenue base.
Driving Force for Value Creation
Risk, Opportunities, and
Materiality (Important Issues)
Business Model and
Management Capital 11
Collaboration with Stakeholders
13
Feature Innovation Discussion
How the formwork method with single pipe was created
Value Creation Strategy
Financial Strategy 18
Business Strategy
Construction-related
Products Business 22
Diversification Business 23
24
Feature Blue Carbon Initiatives Addressing Social Challenges
Blue carbon business underway in 2025
Foundation Strategies
Human Resources / Strengthening Transformational Driving Power
Strengthening Technological Development Capabilities
and the Ability to Address Societal Challenges
Key Products Supporting Solutions
to Societal Challenges 31
DX / Enhancing the Power of New
Value Creation 32
Sustainability
Promotion of Sustainability Management 34
Environment 35
Human Rights / Supply Chain 38
Risk Management 39
Compliance 40
Governance
Directors 42
Messages from Outside Directors 43
Corporate Governance System 45
Appointment of Officers 46
Officer Remuneration 47
Evaluation of the Effectiveness of the
Board of Directors 48
Data
11-year Data 49
Corporate Overview and Stock Information
Editing Policy
This integrated report was published to provide all stakeholders, including shareholders and investors, with information on the Company's sustainable growth and efforts to enhance corporate value. In line with key guidelines, it presents selected essential information, financial data, management strategies, and sustainability information that are particularly relevant to our readers.
Scope
Okabe Co., Ltd. and its Group companies
Reference Guidelines
IFRS Foundation: International Integrated Reporting Framework
Ministry of Economy, Trade and Industry (METI): Guidance for Integrated Corporate Disclosure and Company-Investor Dialogue for Collaborative Value Creation
Publication period
Report publication: August 2025
Reporting period: Fiscal year 2024 (January 1, 2024 - December 31, 2024), with some items covering fiscal year 2025.
Notice regarding forward-looking statements
The forward-looking statements in this report, including business outlooks, are based on information available to the Company as of the date of publication and on certain assumptions considered reasonable. They are not intended as a promise or guarantee of future performance. Actual results may differ significantly due to various factors.
Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
OKABE INTEGRATED REPORT
2025VALUE
OKABE'S1Our Significance
Value Creation Story Driving Force for Value Creation Value Creation Strategy Sustainability Governance Data 2
1917
Founded with the management philosophy of "contributing to society by providing safety and security"
Following the First World War, in response to screw shortages caused by dependence on overseas imports, founder Mitsunosuke Okabe began manufacturing and selling bolts and nuts. Since then, under the guiding philosophy of "contributing to society by providing safety and security," we have developed products and construction methods in the building and civil engineering fields
to help safeguard lives and livelihoods from natural disasters. The principles enshrined in our Corporate Creed-"pioneering spirit," "commitment to service," "cultivation of human resources," and "a rewarding workplace"-have been passed down for over a century, becoming deeply ingrained as Okabe's core values.
1951
Advancing the construction industry through a groundbreaking method
Building on the expertise gained from screw manufacturing, we were the first in the industry to develop and market the form
tie method. This innovative construction technique streamlined formwork operations, improved concrete quality, and enhanced worker safety. It quickly gained wide adoption, eventually becoming an industry standard. From major national projects such as the Tokyo Olympics and the Osaka Expo to the surging construction demand during Japan's period of rapid economic growth, this method not only propelled Okabe's growth but also made a significant contribution to the safety and security of the nation's social infrastructure.
Management Philosophy
Contributing to society by providing safety and security
Corporate Creed
We will have a pioneering spirit and will work to demonstrate ingenuity and create innovations at all places of work.
We will have a commitment to service and will strive to contribute to society and the Group's development.
We will endeavor to cultivate human resources for sustainable development.
The Group will be a workplace that employees will not regret devoting their lives to.
1975/1986
Building expertise as an earthquake-resistant materials manufacturer and contributing to society through resilient products
Focusing on new product development and boldly venturing into new fields, we have developed the Okabe brand of seismic-resistant and slope reinforcement products to protect lives and
property from disasters such as earthquakes and landslides. Our metal processing technology is supported by industry-leading research and development capabilities and a strong passion
2000's
Formulating a long-term vision inspired by the desire to provide safety and security to people around the world
Through business diversification and global expansion, we shifted our focus toward becoming a technology-
driven company and further strengthened our technological development capabilities. Marking our 100th anniversary in 2017, we promoted the selection and concentration of our businesses. In 2024, we established Okabe Corporate Vision
for craftsmanship. The exceptional functionality and reliability of our products have earned the deep trust of construction professionals involved in design and installation, gaining broad support throughout the industry.
Top: The Free Frame method (launched in 1975) simultaneously achieves slope reinforcement and greening. Bottom: The Basepack column base method" (launched in 1986) is an exposed column footing technique combining high seismic resistance and ease of installation.
2040, outlining our aspirations for the year 2040. Rooted in the core values of Creativity, Connectivity, and People Power that we have nurtured, we strive for sustainable growth in harmony with society.
2
OKABE INTEGRATED REPORT
2025OKABE'S VALUE
Value Creation Story Driving Force for Value Creation Value Creation Strategy Sustainability Governance Data 3
Okabe's Business and Competitive AdvantageProduct proposal capabilities Overseas expansion capabilities Technological development capabilities
Our nationwide sales team actively uncovers customer needs and, supported by domestic and overseas production bases,
delivers high-quality products promptly across the country to solve customer challenges.
FY2024
We have manufacturing and sales bases for our construction-related products business in the North American and ASEAN markets, where mid- to long-term growth is expected, supplying high-quality products tailored to customer needs.
Overseas
28%
At our R&D LABO in Shimotsuma City, Ibaraki Prefecture, equipped with state-of-the-art testing facilities and environment, we focus on accelerating time-to-market and training skilled engineers. Highly specialized professionals conduct ongoing research and development to strengthen our product development capabilities.
Basepack: an exposed column base method with high fixation strength
Diversification business
9
(other business):
Net sales
67.8
Construction-related
products business:
Sales ratio in FY2024
Seismic and vibration control
¥
% billion
91%
Japan
72%
Environmental impact reduction
Technological development strengths cultivated
Disaster prevention and mitigation
Manufacture and sale of industrial machinery products
Manufacture and sale of temporary building and formwork products, civil engineering products, and structural equipment products in Japan; manufacture and
Business locations
30 domestic bases
Seaweed bed banks: contributing to CO2 absorption
as an earthquake-resistant materials manufacturer
Free Frame: a slope protection and reinforcement method to prevent
and marine materials, sale of automotive products, and
sale of building products and materials overseas
Sales by product category
4 overseas bases
11 logistics bases
Factories
R&D LABO
EcoP-Con:
contributing to resource circulation
Marine resource preservation and fishery efficiency
On-site labor and efficiency
improvements
landslides
tenant rental business
Temporary building and formwork products
¥7.0 billion
Civil engineering products
¥6.8 billion
Structural equipment products
¥20.2 billion
in North America
5 domestic sites
2 overseas sites
1 domestic site
Floating fish banks: help coastal and offshore fishing vessels save fuel Proliferation banks: enhance marine life populations
Temporary building products for scaffolding and fall prevention, essential formwork products for concrete structures, and industrial machinery that
FY2024 performance
Business scale
Profitability and safety
Shareholder returns
Advanced seismic
Free Frame
supports manufacturing sites
Floating fish banks
Equity ratio
68.4%
Operating profit ratio
6.2%
DOE
2.7%
Operating profit ¥ 4.1 billion | EBITDA ¥ 6.3 billion | Group companies: 10 (3 domestic / 7 overseas) | Employees (consolidated): 941 |
performance Basepack
- protecting against landslide disasters
supporting efficient fisheries
Female managers ratio 5.8% FY2023 result: 4.7% | Product developers 32 | Universities and research themes for joint research*2 12 universities, 18 themes | Intellectual property rights held*3 (patents, designs, trademarks) 654 |
Human resources*1
Technological development*1
Environment
300,000 installations,
no damage to column bases
Installed length totaling about
2.4 times the Earth's circumference
Japan's No.1
market share
*1 Okabe Co., Ltd., non-consolidated *2 Research themes promoted within the fiscal year, including contracted or collaborative academic institutions *3 Includes patents pending
GHG emissions
Scope 1+2 (market-based)
7,311t-CO,e
(FY2023 result: 8,254t-CO,e)
3
OKABE INTEGRATED REPORT
2025OKABE'S VALUE
Value Creation Story Driving Force for Value Creation Value Creation Strategy Sustainability Governance Data 4
Okabe's Transformation and VisionMedium-term management plan
OX-2026
Okabe Transformation 2026
Transformation period for
establishing a new revenue base
Okabe Corporate Vision 2040
Up to now, and into the future, we are striving to be a global solutions provider that provides safety and
security in the lives of people around the world by cultivating
Creativity × Connectivity
Previous medium-term management plan
Building a foundation for new growth and focusing on strengthening
the management foundation
Outline of OX-2026 business strategy
Prioritizing the development of a system to solve customers' problems and the implementation of initiatives to solve them
Develop products and create new businesses
× People Power
as a manufacturer of earthquake-resistant construction materials that support construction.
Management philosophy
Customer-centric initiatives
that will solve issues faced by customers and society
Establish a Product & Solution Planning Department that will specialize in construction in Japan
Offer solutions suitable for the North American and ASEAN markets to accelerate global expansion of the construction business
Launch a business focusing on blue carbon in the marine business
Contributing to society
by providing safety and security
Strengths accumulated over 100 years
Okabe brand
Technological development capabilities
Product proposal capabilities
Overseas expansion capabilities
P.13 P.24 P.30
Implement human capital management and strengthen the foundation of management
Feature: Innovation Discussion
Feature: Blue Carbon Initiatives Addressing Social Challenges
Strengthening technological development capabilities and the ability to address societal challenges
Set challenging non-financial key performance indicator (KPI) targets, especially for KPIs related to human capital, and work to achieve them
Improve governance of overseas subsidiaries
P.27 Human Resources / Strengthening Transformational Driving Power
Materiality (Important issues)
1
Increasing severity of earthquakes, heavy rains, and other disasters
2
Changes in construction business environment
3
Declining population and aging society of Japan
4
Personal relationships and human capital management
5 Climate change and global warming
P.11
Business Model and Management Capital
Promote digital transformation
Innovate the main systems and transform business processes
Promote digital transformation to deliver added value to customers and pass on technology and know-how to the next generation
Establish an IT Strategy Department
Achieving environmental conservation, decarbonization, and resource recycling
6
7 Maintenance of marine resources
P.32 DX/Enhancing the Power of New Value Creation
8 Strengthening of governance
P.10 Risk, opportunities, and materiality (important issues)