Takasago Thermal Engineering: Company hosts tour of T-Base Quick Note

Research evidence excerpt

Takasago Thermal Engineering: Company hosts tour of T-Base Quick Note

Global Markets Research

17 July 2026Takasago Thermal Engineering

1969.T 1969 JP / EQUITY: JAPAN CONSTRUCTION

RatingCompany hosts tour of T-Base Buy

Target price JPY 5,500Quick Note

Closing price

17 July 2026 JPY 4,491T-Base is mother plant for development and production using off-site production

methods (Note: Quick Note reports are not a

On 17 July, we had the opportunity to visit the company's T-Base facility in Yashio, vehicle for changes to ratings, target

Saitama Prefecture. The company launched the T-Base project in 2020 to resolve issues prices, or earnings forecasts)

facing the construction industry such as a decline in the working-age population, working

practice reforms, and environmental contributions, and in May 2022, it opened T-Base as

a core facility for development, production, distribution, and training in the project. The

company has been working to standardize parts and materials via one-off construction at

Research Analystseach site, produce units, and use off-site work methods to reduce on-site labor and level

out construction processes. For example, with the aluminum frame method, the installation Japan construction

of units is completed in 39 minutes, around 10 times more efficient than the conventional Sho Sakabe - NSC

construction method (392 minutes). Management said that production of units at T-Base sho.sakabe@nomura.com

has been made more efficient, and that many employees had no previous experience in +81 3 6703 1221

the construction industry.

Aiming for further productivity gains via use of DX and increase in number of units

The company said that productivity gains from the T-Base project had contributed to the