GECOSS Corporation (9991) said its board approved a business alliance agreement with Japan Foundation Engineering Co., Ltd. on Oct. 2, 2026, taking effect the same day and covering four areas, adding that the impact on its earnings would be minor.
GECOSS rents and sells temporary construction materials, designs and builds temporary works, and leases construction machinery. Under its 2025-2027 medium-term business plan announced on March 26, 2025, it is expanding from its core heavy temporary works business into adjacent areas such as earth retaining.
Osaka-based Japan Foundation Engineering, founded on Nov. 5, 1953, draws on more than 70 years of drilling and grouting expertise across geological surveys, foundation consulting, foundation works, ground improvement, maintenance and environmental conservation. It is developing automated construction technology and treats overseas business as a medium- to long-term growth area.
The two companies have no capital or personnel ties. Japan Foundation Engineering receives foundation and temporary works orders from GECOSS.
The alliance currently covers:
1. Strengthening existing businesses using both companies' strengths and business bases
2. Creating new business opportunities using their know-how and infrastructure
3. Joint development of new technologies
4. Collaboration in overseas business
| Japan Foundation Engineering (FY to March 2026) | Figure |
|---|---|
| Consolidated net sales | ¥27,353 million |
| Consolidated operating profit | ¥1,455 million |
| Net profit attributable to owners of parent | ¥1,659 million |
| Consolidated net assets | ¥24,718 million |
The board resolution, contract signing and start of the alliance all fell on Oct. 2, 2026. The two companies will promptly decide specific details and implementation methods through discussions, and GECOSS said it would disclose any further matters as needed.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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