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Tekken Corporation

Tekken Corporation is a construction company operating in Japan and internationally through four segments: Civil Engineering Works, Architectural Construction, Real Estate Business, and Ancillary Business. It develops social infrastructure such as roads, tunnels, bridges, water supply and sewage systems, and river revetments; railroad infrastructure including viaducts, bridges, tunnels, embankments, station platforms, stations, station buildings, and railyards; and buildings such as condominiums, schools, and medical and welfare facilities. The company also sells construction materials, equipment, and environmental products, and is involved in real estate, non-life insurance agency, security, machinery rental, office work outsourcing, and staffing. Incorporated in 1944, Tekken Corporation is headquartered in Tokyo, Japan.

Price · split & dividend adjusted
News & notes moving 1815.JP
1815.JP

Falsified Concrete Tests Found Three Times at Hokkaido Shinkansen Sapporo Extension Tunnel Project, Joint Venture Led by Tekken Corporation Involved

The Japan Railway Construction, Transport and Technology Agency announced on the 21st that a joint venture of four companies, led by Tekken Corporation, had falsified concrete quality control tests on three occasions during construction of the Futatsumori Tunnel on the Hokkaido Shinkansen Sapporo extension route. According to the agency, a JV employee manipulated measuring equipment during a test to measure moisture content in concrete, adjusting the results to fall within standard values. The misconduct was discovered during an on-site inspection on June 12, and subsequent investigations revealed similar falsifications in early December last year and early February this year. The agency is investigating whether there are any issues with the strength of the concrete already placed, and says the impact on the opening date is unclear. Inspections of all other contracted works outside this tunnel confirmed no similar misconduct. On the same day, Tekken Corporation apologized, calling it a serious incident that undermines the reliability of quality control tests, and stated it will work to determine the cause and prevent recurrence.
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