Waste to ResourseM&A

Acquisition of All Shares of Tokan and SAFECO, Operators of Final Disposal Sites and Intermediate Waste Treatment Businesses, and Construction of Akita Prefecture's Largest New Final Disposal Site

JFE Engineering Corporation

JFE Engineering Corporation (Representative Director: Kazuyoshi Fukuda; Head Office: Chiyoda-ku, Tokyo) has completed the acquisition of all issued shares of Tokan Corporation, (Representative Director: Tadataka Watanabe; Head Office: Akita City, Akita Prefecture), which operates final disposal sites primarily in Akita Prefecture, and SAFECO trans Co., Ltd. (Representative Director: Tadataka Watanabe; Head Office: Fujiyoshida City, Yamanashi Prefecture), which engages in intermediate waste treatment as well as waste collection*1 and transportation services in Yamanashi and Nagano Prefectures, on June 24, 2026.

This acquisition represents JFE Engineering’s strategic entry into the final disposal business. In addition to participating in the business, the Company has decided to plan, construct, and operate a new final disposal site set to become the largest in Akita Prefecture.

  • *1　 Intermediate waste treatment: Treatment such as sorting, volume reduction, detoxification, and stabilization to promote resource recovery and reduce the volume of waste requiring final disposal.

    • Overview of the Acquired Companies

    As of June 30, 2026
    ItemTokan CorporationSAFECO trans Co., Ltd.
    Head Office1 Kanaashi Kurokawa, Akita City, Akita4840 Kamiyoshida, Fujiyoshida City, Yamanashi
    RepresentativeKatsuhisaKurashima, Representative DirectorKatsuhisaKurashima, Representative Director
    Sales￥1.4 billion(FY2024)￥1.6 billion(FY2024)
    Lines of BusinessWaste treatment (operation of final disposal sites)Intermediate waste treatment; waste collection/transportation
    Size of Final Disposal SitePermitted capacity: 2,423,111 m³ー
    Capital￥30 million￥9 million
    Number of Employees3029

    Purpose for the Share Acquisition

    The JFE Engineering Group has identified contributing to society through the realization of a circular economy as a key pillar of its long-term vision.
    Through this acquisition, in addition to the waste collection, sorting, incineration, and recycling operations the Group has developed to date, it will now be able to provide integrated waste treatment and related services across the entire waste management value chain, including final disposal.
    This will enable the Group to make an even greater contribution to the realization of a circular society.

    Through Tokan Corporation, JFE Engineering also plans to construct a new controlled final disposal site in Akita Prefecture, with operations scheduled to commence in FY2030. With a permitted landfill capacity of approximately 3.16 million m³, the facility is expected to become the largest final disposal site in Akita Prefecture.

    In operating the facility, the Company will build upon the strong relationships of trust established with local communities over many years. Beyond managing the final disposal of waste under normal circumstances, we will also explore establishing a system capable of providing rapid support in the event of disasters.
    The facility will serve as a regional hub supporting the safety and security of local residents' daily lives, while striving for harmonious coexistence with the local community.
    Working together as one, JFE Engineering will continue contributing to the realization of a circular society by balancing sustainable growth with the reduction of environmental impact.

    Overview of the New Final Disposal Site

    ItemDetails
    Total site area511,800 m²
    Landfill area157,200 m²
    Landfill capacity3,161,400 m³
    Location1-28, Kurokawayama, Kanaashi Kurokawa, Akita City, Akita, and adjacent lots
    Scheduled start of operation FY2030 (planned)
    Waste disposal facility typeControlled final disposal site (municipal solid waste and industrial waste)
    Permitted waste typesIndustrial waste: Incineration ash; sludge (excluding organic sludge); waste plastics; waste paper; waste wood; waste textiles; animal and plant residues; waste rubber; metal scrap; glass waste, concrete waste, and ceramic waste (excluding gypsum board); slag; construction debris; soot and dust; and industrial waste specified in Article 2, Item 13 of the Cabinet Order.
    *Including automobile shredder residue, asbestos-containing industrial waste, mercury-containing products, mercury-contaminated soot and dust, etc.
    *Excluding specially controlled industrial waste.
    Total: 18 waste categories

    Specially controlled industrial waste: Waste asbestos, etc.

    Municipal solid waste: Incineration ash; molten solidification ash; detoxified soot and dust; and residues from crushing and sorting of noncombustible waste
    2260630_最終処分場俯瞰図_EN.webp　　

    Existing Final Disposal Site Operated by Tokan Corporation (at time of completion)

    2260630_既設最終処分場（竣工時）.jpg
    logotype[en_1].png

    For inquiries regarding this press release, please contact:

    • Public Relations Section, General Administration Department, JFE Engineering Corporation
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