How is the company's growth potential demonstrated?

Sales have increased 14.5 times in 7 years, achieving 133% year-on-year growth in the 7th period (2024). The company has also built a stable revenue base through continuous repeat purchases from existing customers.

What are the company's contributions to the environment?

Refurbished DPFs have a scientifically proven CO₂ reduction effect of approximately 60% compared to new ones, contributing to the reduction of Scope 3 emissions for trading partners.

What initiatives does the company have regarding employee satisfaction?

The company maintains favorable figures with a 3% employee turnover rate and an average of 20 overtime hours per month, and has also been certified by Great Place To Work® Japan.

[Environment Venture] Tsuginohi Co., Ltd. Certified as a "10 Billion Yen Declaration" Company by the Small and Medium Enterprise Agency

Q: What is the "10 Billion Yen Declaration" system?

It is a national system where small and medium-sized enterprises declare their own goal of "10 billion yen in sales" and publicize their efforts towards achieving it. It is operated by the Small and Medium Enterprise Agency and the Small and Medium Enterprise Corporation.

Q: What is the main business of Tsuginohi Co., Ltd.?

The company operates a circular business model that integrates the purchase, refurbishment, and rare metal recovery of used commercial vehicle parts (such as DPF and SCR catalysts).

Published Mar 30, 2026 5:30 PM ・ Updated Jun 2, 2026 1:01 PM ・ 11 min read ・ Source: PR TIMES

Tsuginohi has been certified as a "10 Billion Yen Declaration" company by the Small and Medium Enterprise Agency, aiming for 10 billion yen in sales by 2031 through its circular business model.

Tsuginohi Co., Ltd. (CEO: Seima Kurokawa), headquartered in Okayama City, Okayama Prefecture, has been officially listed on the "10 Billion Yen Declaration" portal operated by the Small and Medium Enterprise Agency and the Small and Medium Enterprise Corporation. This release discloses our company's growth potential, sustainability, ESG achievements, and governance structure.

The "10 Billion Yen Declaration" is a national initiative where small and medium-sized enterprises declare their own goal of "10 billion yen in sales" and publicize their efforts towards achieving it. As one of the 3,050 companies nationwide listed after review and confirmation by the secretariat, our company's growth strategy and social significance have been officially recognized.

Sales Increased 14.5 Times in 7 Years, Continuing 133% Growth

Our company operates a circular business model that integrates the purchase, refurbishment, and rare metal recovery of used commercial vehicle parts (such as DPF and SCR catalysts). By transforming used parts from "costs" into "resources," our model simultaneously achieves cost reduction for adopting companies and generates revenue for ourselves.

Period

Sales

Remarks

1st Period (2018)

0.08 billion yen

Founded, recovery from West Japan Flood disaster

6th Period (2023)

0.85 billion yen

Investment phase for increased staffing and facility development

7th Period (2024)

1.13 billion yen

133% year-on-year

8th Period (Target)

1.75 billion yen

In progress

Non-transient Transaction Structure

Based on transaction data from our customer management system (Salesforce), our retention rates are 73.67% for purchases and 55.20% for sales. Among over 5,000 transactions, a majority are repeat purchases from existing customers, forming a stable revenue base.

Indicator

Value

Number of Transactions

Over 5,000 companies (451 companies in 1st period → 5,171 companies in 7th period)

Purchase Repeat Rate

73.67%

Sales Repeat Rate

55.20%

Cost Reduction for Adopting Companies

Cumulative equivalent of 4 billion yen

Quantified Environmental Value

We have completed Carbon Footprint (CFP) calculations in collaboration with As-en Co., Ltd. The CO₂ reduction effect of our rebuilt DPFs, compared to new ones, is scientifically proven to be approximately 60%.

These environmental values directly contribute to reducing the Scope 3 emissions of our trading partners, aligning with the ESG response needs of large corporations and listed companies in their supply chains.

Governance and Human Capital: Reducing Operational Risk

To address organizational risks often associated with rapidly growing ventures, we have established the following systems:

Human Capital Indicators

Value

Employee Turnover Rate

Average Overtime Hours

20 hours/month

Third-Party Certification

Great Place To Work® Japan Certified

(June 2025)

Our growth roadmap is formulated as the medium-term management plan "Road to 10B," and we manage the plan, including capital investment, human resource investment, and governance strengthening, on a KPI basis.

Direction of Growth Investment: From Labor-Intensive to Technology-Intensive

We are currently promoting investment in the automation of our production lines, with the utilization of subsidies.

By transitioning from the current production capacity of 500 units per month to 1,120 units per month (a 224% increase from the current level), we will fulfill our responsibility for stable supply as infrastructure.

Concurrently, we will expand our nationwide bases (Okayama, Tokyo, Saitama, Aichi) and concurrently commercialize new business areas such as EV battery refurbishment and rare metal recovery.

"10 Billion Yen Declaration" Listing Information

We are officially listed as one of the 3,050 growth companies nationwide on the "10 Billion Yen Declaration" portal operated by the Small and Medium Enterprise Agency and the Small and Medium Enterprise Corporation.

・ Listing URL: https://growth-100-oku.smrj.go.jp/companies/

・ Industry: Manufacturing / Transportation Equipment Manufacturing

・ First Publication Date: October 20, 2025

Comment from CEO Seima Kurokawa

"We aim to strengthen this circular infrastructure together with financial institutions, government bodies, and partner companies. We will explain our medium- to long-term growth strategy, including capital investment, human resource investment, and governance strengthening, on a KPI basis."

Company Overview

Company Name: Tsuginohi Co., Ltd.

Location: 1448-1 Makabe, Soja City, Okayama Prefecture (Headquarters)

5F, Dai 3 Koike Building, 1-1-11 Kita-Shinagawa, Shinagawa-ku, Tokyo (Tokyo Office)

Representative Director: Seima Kurokawa

Date of Establishment: July 2, 2018

Business Activities: Automobile Parts Recycling / Environmental Technology Development

Brand Statement: "Circulate, Connect, Good for the Earth"

URL: https://tsuginohi.com/

FACT BOX

Source: PR TIMES
Category: News