TRE HOLDINGS CORPORATION

What TRE HOLDINGS CORPORATION does

TRE HOLDINGS CORPORATION (TSE Prime: 9247) is a Tokyo-based holding company formed in October 2021 via a joint stock transfer between TAKEEI CORPORATION and REVER CORPORATION (formerly River Holdings), consolidating two previously listed waste-industry platforms into a single "venous industry" holding structure. It operates an integrated waste-to-resource platform spanning four business segments: (1) Waste Treatment & Recycling (construction/demolition waste, industrial waste, gypsum, paper, plastics, final disposal) via Takeei and subsidiaries; (2) Resource Recycling (metal scrap, end-of-life vehicles, home appliances, ASR) via Rever and 16 Kanto-region sites running six 1,000+ HP shredders; (3) Renewable Energy (six woody-biomass power plants totalling ~592,086 MWh/year, including the ~49 MW Ichihara Green Power plant, plus retail electricity via Takeei Denki); and (4) Environmental Engineering & Consulting (recycling plant/tank-truck manufacturing via Fuji Car; asbestos/soil surveys via Earth Appraisal). Underpinning these is the "WX (Waste Transformation)" technology platform — combining large-scale shredding, advanced magnetic/eddy-current/optical separation, PDM copper sorting, RPF fuel manufacturing, solar-panel reuse/recycling, ASR recycling, and CCU/CCUS R&D with Tohoku, Yamagata, and Nihon universities. TRE serves manufacturing plants, demolition contractors, and local municipalities under direct enterprise B2B contracts and comprehensive cooperation agreements (Inagi, Narashino, Namekawa, Wajima, Soma), with quote-based pricing and an emerging consumer channel via event-based small-appliance collection. The group also runs the ~¥30 billion Ichihara Environmental Complex Business (targeting ¥12 billion annual sales, 150 new hires) and the Soma Circular Park (~85,000 tsubo) as flagship multi-business hubs. Consolidated headcount stood at 2,393 employees across 35 subsidiaries and 6 equity-method affiliates as of March 2025, with operations primarily in Japan plus a Thai subsidiary (Hidaka Suzutoku).

Name

TRE HOLDINGS CORPORATION

Legal name

TREホールディングス株式会社 (TRE HOLDINGS CORPORATION)

Website

https://tre-hd.co.jp

Company type

Public

Founded year

2021

Operating status

Operating

Short description

TRE HOLDINGS is a Tokyo-listed holding company operating Japan's largest integrated waste management and recycling platform, serving industrial, construction, municipal, and government clients through subsidiaries TAKEEI and REVER across approximately 60 locations with biomass power generation.

Ownership category

akta.pro rank

Product category

Industrial Waste Management & Recycling

NAICS

Materials Recovery Facilities (562920), Hazardous Waste Collection (562112), Hazardous Waste Treatment and Disposal (562211)

SIC

Hazardous Waste Management (4955), Primary Smelting & Refining Of Nonferrous Metals (3330), Refuse Systems (4953)

akta.pro primary industry

Electronics Dismantling & Pre-processing (Depollution, Sorting, Shredding) (EUAIAIAC)

akta.pro secondary industries

PV & Energy Device Recycling (Solar Panels, Inverters, Power Electronics) (EUAIAIAL), Plastic Recycling Equipment & Technology Providers (Sorting, Washing, Extrusion) (EUAIAKAM), Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH)

Keywords

• Industrial waste management
• Resource recycling
• Biomass power generation
• Circular economy services
• Renewable energy

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices22 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Waste treatment and disposal fees: Industrial/construction waste collection, transportation, intermediate processing and landfill (final disposal) service fees. Built on integrated one-stop processing system from collection to final disposal at owned landfills.
2. Recycled metal and material sales: Sales of recycled metal raw materials (ferrous/non-ferrous), reusable auto parts, and recycled construction materials (civil engineering materials, gypsum board, paper, plastics) recovered from waste streams. Revenue scales with commodity price of recovered materials.
3. Electricity retail (biomass power generation): Group retail electricity company Takeei Denki sells electricity generated from group biomass plants (local schools, etc.) under '電力の地産地消' (power localization) model. Recurring retail revenue from local offtake contracts.
4. RPF (Refuse derived Paper and plastics densified Fuel) sales and thermal recovery: Manufacture and sale of RPF solid fuel from construction/demolition plastic and paper waste; used as fuel within group power plants (thermal recovery / サーマルリカバリー).
5. Disaster waste management services: Government contract revenue from disaster waste processing — actively engaged in Noto earthquake (2024), heavy rain disasters, and East Japan earthquake recovery operations across multiple temporary storage sites.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels8 records

Core offering

TRE HOLDINGS operates an integrated "WX (Waste Transformation)" environmental platform that converts industrial, construction, end-of-life vehicle, home appliance and other waste streams into recycled raw materials (ferrous/non-ferrous metals, glass cullet, RPF solid fuel, plastics, paper) and renewable energy via six wood-biomass power plants. The group delivers one-stop collection, transportation, intermediate processing, recycling and final disposal services to enterprises, municipalities and disaster-response projects, primarily in the Tokyo metropolitan and Kanto regions of Japan.

Differentiator

Problem solved

Functional benefit

Brands

• WX (Waste Transformation): Long-term strategic brand/concept positioning TRE HOLDINGS as a "WX Environmental Company" — leveraging waste treatment technologies for cross-industry co-creation toward a circular and carbon-neutral society.
• 社会のTREasure Hunter (TREasure Hunter)

Products and services

• Waste Treatment & Recycling Business
• Resource Recycling Business
• Renewable Energy Business
• Environmental Engineering Business
• Environmental Consulting Business
• TRE Environmental Complex Project (Ichihara)
• Soma Circular Park
• Solar Panel Recycling & Reuse Service

Named customers11 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

17 partnerships are on record, tiered core, flagship and minor.

• League H (一般社団法人日本ハンドボールリーグ) and Honeybee IshikawacoreGTM or Marketing Partner · 12 June 2026Season partnership with League H — TRE booth at Yoyogi Stadium during 2025-26 playoffs running small-appliance collection drives, 'Bottle Cap Champion Prediction' recycling games, and 'League H × TRE' cheering harisen giveaways. Hokuriku Environmental Services also runs Honeybee Ishikawa match-day sponsorships.
• Narashino City, Chiba Prefecture (千葉県習志野市)coreGTM or Marketing Partner · 15 April 2026Disaster-waste temporary storage and emergency-response cooperation agreement (signed April 2026), part of TRE's 2nd Mid-term Management Plan initiative to contribute to national resilience.
• Chiba University (国立大学法人千葉大学)flagshipStrategic or Co-development Partner · 9 February 2026Industry-academia partnership agreement (signed 2026-02-09 via Chiba University Connect) to co-create a new GX industry and establish a joint research lab focused on Green Transformation in Chiba Prefecture — including TRE's environmental complex business.
• Namekawa Town, Saitama Prefecture (埼玉県滑川町)coreGTM or Marketing Partner · 21 January 2026Three-party comprehensive cooperation agreement (TRE Holdings + Rever + Namekawa Town) signed January 2026 — covering disaster-waste handling, carbon-neutral town planning, and resource circulation.
• Toshiba Brave Lupus Tokyo (ラグビーチーム)coreGTM or Marketing Partner · 19 January 2026Platinum partner contract for Japan Rugby League One 2025-2026 season. Underpins brand awareness alongside corporate TVCM campaigns.
• AGC Inc.flagshipStrategic or Co-development Partner · 15 January 2026Joint demonstration of horizontal window-glass recycling from aluminum-sash waste in Suwa City, Nagano Prefecture (announced January 2026). AGC verifies flat-glass manufacturing using TRE Glass cullet, with Shinshu Takeei collecting and disassembling waste window glass. Both companies verified economics across the supply chain and plan to build a nationwide framework to address Japan's 500,000+ tons of annual window glass waste.
• Wajima City, Ishikawa Prefecture (石川県輪島市)flagshipStrategic or Co-development Partner · 18 December 2025'Noto Reconstruction & Industrial Creation Support Project' — four new businesses (forestry regeneration, wood-biomass power generation, fish aquaculture using biomass heat, lacquer-tree planting) under multi-party consortium. New subsidiary Yobare Inc. established February 2026.
• Denso CorporationflagshipStrategic or Co-development Partner · 1 June 2025Co-representative of 'BlueRebirth Council' (established June 2025) with Rever and 5 other organizations to commercialize automatic precision disassembly systems for ELVs. Joint R&D building constructed at Rever ELV Kawajima plant (¥0.3 billion). Project adopted under Japan's Ministry of the Environment FY2023 program for expanded use of recycled materials in automobiles.
• Soma City, Minamisoma City, Fukushima Prefecture, Yamagata University and 14 partner organizations (Circular Economy Partnership)flagshipStrategic or Co-development Partner · 7 February 2025Founding member (via Takeei) of the 'Circular Economy Partnership for the Promotion of Waste Recycling & Resource Circulation Technology' — 14-organization signing ceremony on 2026-04-28 (originally formed Feb 2025 as 9 groups around Soma Circular Park). Covers plastic, paper diaper, and disaster-waste recycling.
• Yamagata University (used paper diaper recycling research)coreStrategic or Co-development Partner · 7 February 2025Industry-academia-government collaboration within Soma Circular Park for used paper diaper fuelization and resource circulation; demonstration testing coordinated with municipalities and manufacturers.
• Komatsu Ltd.coreStrategic or Co-development Partner · 1 November 2023Test deployment of Komatsu's lithium-ion 20-ton class electric excavator at Takeei's Kawasaki Recycling Center since November 2023 — first such deployment in a waste-handling environment. Charging partially powered by site solar panels.
• Sumitomo Chemical Co., Ltd.flagshipStrategic or Co-development Partner · 1 April 2023Business alliance (April 2023) to commercialize material recycling of plastics recovered from end-of-life vehicles. Rever supplies plastic feedstock from ELV disassembly/shredding; Sumitomo Chemical produces high-quality recycled plastics for automakers — foundation for 'Car to Car' plastic cycle.
• Canadevia Corporation (formerly Hitachi Zosen)coreStrategic or Co-development PartnerJoint venture (T&H Eco-Mirai Co., Ltd.) for TRE Ichihara Environmental Complex — Japan's first group-operated waste incineration/power plant (330 t/day capacity, ~10 MW output). Future CCU/CCUS integration planned.
• Yamagata University, Nihon University, Tohoku UniversitycoreStrategic or Co-development PartnerJoint research on CCU/CCUS using recycled aggregate/crushed stone (Yamagata, Nihon) and on integrated waste incineration + CO2 capture/utilization via 'WX Co-Creation Laboratory' with Tohoku University. Heavy metal insolubilization technology jointly developed with Yamagata University.
• Inagi City, Tokyo (東京都稲城市)coreGTM or Marketing PartnerComprehensive cooperation agreement on environmental issues covering plastic, paper diaper, non-combustible recycling; disaster waste handling; citizen awareness — anchors TRE's circular-economy model with Tokyo metropolitan municipalities.
• Alvark Tokyo (バスケットボールチーム)minorGTM or Marketing PartnerSponsorship / signed-jersey partnership — one of three sports teams whose signed jerseys are featured in the new shareholder gift campaign.
• Nihon Reno Agri Co., Ltd. (日本リノ・アグリ株式会社)minorImplementation/ SI/ Consulting PartnerOperational partnership in Takeei Farm LLC (established April 2026) — supports agricultural work expertise and use of farm land acquired in Ichihara, Chiba Prefecture for tourism/agritourism.

Scale indicators16 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Kanadevia Corporation (formerly Hitachi Zosen): Japanese waste-to-energy and environmental plant engineering company; TRE's JV partner for the Ichihara incineration/power generation plant (T&H Eco-Mirai, 330 t/day, ~10 MW). Directly comparable on biomass/waste incineration power generation and large-scale plant EPC.
• Daiseki Co., Ltd. Japan's largest dedicated waste-liquid treatment and recycling company (TSE Prime). Operates collection, intermediate treatment and recycling of industrial waste, similar to TRE's Waste Treatment & Recycling and Resource Recycling segments; closest direct domestic comparable.
• JFE Environmental Solutions Corporation: Subsidiary of JFE Steel focused on waste recycling, intermediate treatment and disposal in Japan. Comparable to TRE's Waste Treatment & Recycling segment, particularly for industrial-waste generators in heavy industry.
• Kobelco Eco-Solutions Co., Ltd. Subsidiary of Kobe Steel operating waste treatment plants, shredders, and recycling equipment in Japan. Comparable to TRE's Fuji Car engineering arm and Rever's metal-shredding/sorting operations, especially in industrial-waste incineration and metal recovery.
• Takuma Co., Ltd. Japanese plant engineering company specializing in waste incineration plants, biomass power, and energy-from-waste EPC. Comparable to TRE's Renewable Energy segment (six biomass plants) and to its Canadevia JV-style waste-to-energy project at Ichihara.

Broad incumbents

• Suez S.A. (Suez Recycling and Recovery): European major in water and waste management with extensive recycling and resource-recovery operations. Comparable to TRE's integrated waste treatment, recycling and recovery business model at a global scale.
• Veolia Environnement S.A. Global leader in water, waste management and energy services; operates large-scale municipal and industrial waste treatment. Comparable as a broad incumbent in the integrated waste-to-resource-and-energy space where TRE is positioning its 'WX' platform.
• Clean Harbors, Inc. North American provider of environmental, energy and industrial services including hazardous-waste treatment, recycling and disposal. Comparable to TRE's industrial-waste treatment, recycling and disaster-response services at scale.

Emerging players

• Tomra Systems ASA: Norwegian provider of sensor-based sorting and recycling technology (e.g., optical sorters). Comparable to TRE's advanced sorting stack (magnetic, eddy current, PDM, optical color sorting for glass cullet) used in its Resource Recycling and glass-recycling operations.
• Asahi Holdings Co., Ltd. Japanese precious- and rare-metal recycler and refiner (recycling focus differs in commodity). Comparable to TRE on the resource-recycling technology platform and as a TSE-listed pure-play recycling/circular-economy company, though with a different end-metal mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@tre8108
• LinkedInlinkedin.com/company/tre-holdings

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries39 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TRE HOLDINGS CORPORATION