With the launch of a Disaster Management Agency in November as the premise, efforts to promote disaster preparedness and mitigation and strengthen advance disaster preparedness are accelerating, prompting increased activity in construction consulting stocks. The article highlights the current status and future points of interest for key stocks.
Against the backdrop of the expected launch of a Disaster Management Agency in November, the importance of advance disaster preparedness in normal times is increasing. The agency is expected to serve as an integrated command center covering recovery and reconstruction after disasters, and construction consultants are seen expanding their role as national resilience initiatives advance.
The government's preliminary budget requests include ¥65.184 billion for the next fiscal year, with 11 key priorities including the promotion of advance disaster preparedness, the use of digital disaster-management technologies, and the development of public-private partnership frameworks. Construction consultants have a track record of working with the national and local governments to develop social infrastructure, and stronger cooperation is expected following the agency's launch. The more than ¥20 trillion national resilience budget is expected to provide a tailwind for related stocks.
Stocks including 建設技研, いであ, ＮＪＳ, 人・夢・技術 and オリコンＨＤ are attracting attention for their performance and share-price trends in the second half of the fiscal year. 建設技研 is reported to be within reach of its year-to-date high, while いであ is expected to benefit from uplift related to national resilience initiatives. ＮＪＳ is seen as having the potential to post record-high profit as its infrastructure reconstruction and inspection businesses expand, while progress in its offshore wind-power-related business is also a point of interest. オリコンＨＤ is expected to deliver earnings growth through new initiatives, including overseas expansion.
In addition, ウエスコＨＤ, 川崎地質, Ｅ・Ｊホールディングス and ＥＲＩホールディングス are also considered to offer potential in the fields of national resilience, geological surveys and infrastructure maintenance and management, and their future developments will continue to attract attention.