NOVAC（5079 TSE Standard）
＋English Summary on This Page
Construction Company with 100% Prime Contract Ratio
NOVAC is a construction company that conducts civil engineering and construction works. The civil engineering business accounts for 42.4% of net sales in the fiscal year ended April 2021 and the construction business accounts for 57.6%. The company also conducts the real estate leasing business, but net sales from the business in the fiscal year ended April 2021 was small at 12 million yen.
The ratio of the company being the prime contractor in works of over 50 million yen in both categories of civil engineering and construction in the past five fiscal periods is 100%. In addition, the percentage of employees holding certificates of qualification as managing engineers is at a high level of 52.9% as of the end of 2021.
Civil Engineering Business
In the civil engineering business, the company is engaged in construction works of social infrastructure including new highway construction works and works on lower parts of bridges, river works, shield constructions for flood control and road maintenance works.
The company receives about 15 construction orders annually as a prime contractor. While other companies’ ratios of public sector demand are around 60% to 70%, almost all of the company’s net sales from completed constructions is from works for the public sector. Major customers include the Ministry of Land, Infrastructure, Transport and Tourism and West Nippon Expressway.
In the construction business, the company is engaged in construction works of condominiums, logistics warehouses, welfare and medical facilities, rest facilities in service areas of expressways and others. In addition to new constructions, it also handles seismic reinforcements, repairs and renovation works to counter earthquakes and other natural disasters and extending the life of buildings.
Of the net sales of completed construction contracts in the fiscal year ended April 2021, 94.9% is from the private sector and 5.1% is from the public sector.
In the construction business, the company receives about 15 orders annually, of which around two thirds are condominium constructions mainly in the three major metropolitan areas.