Focus on Large-Scale Upgrades, Maintenance and PC Construction

「The market for major renewal and repair work, which is a core business, is trending downward. Although orders are expected to continue for approximately the next 10 years, business growth will be limited. Meanwhile, progress is expected in projects related to the Chuo Shinkansen undertaken by JRTT in the new bridge construction field and in expressway seismic reinforcement work.」

「In the civil engineering business, the company succeeded in growing major renewal and repair work for expressway operators, identified as a growth area, to a business scale comparable to that of new bridge construction.」

「In the civil engineering business, the company strengthened its response to major expressway renewal projects, identified as a growth area, and these projects became the core of the civil engineering business, surpassing new bridge construction.」

「In the civil engineering business, the company is strengthening its response to major expressway renewal projects, identified as a growth area, and these projects are becoming a core pillar of the civil engineering business.」

「Against this operating backdrop, our Group formulated Medium-Term Management Plan 2022 (FY2022–FY2024), centered on promoting environmentally responsible business activities, strengthening profitability in growth areas—major renewal, precast concrete construction, maintenance and overseas operations—and improving productivity through construction DX and the effective use of diverse human resources. From this fiscal year, we have been pursuing business activities aimed at achieving the plan's targets.」

「This fiscal year, we will also steadily implement the basic policies and strategies of Medium-Term Management Plan 2019 and work to achieve its strategic theme of further strengthening and transforming our earnings base to expand growth areas, including major renewal, maintenance, precast concrete construction and overseas operations.」

「Against this operating backdrop, our Group has worked to respond flexibly to changes in the external environment and, based on the basic policies and strategies of Medium-Term Management Plan 2019 (FY2019–FY2021), accelerate initiatives under the plan and expand growth areas—major renewal, precast concrete construction, maintenance and overseas operations—through further strengthening and transforming our earnings base.」

「We have worked to further strengthen our earnings base and expand growth areas—major renewal, precast concrete construction, maintenance and overseas operations—through transformation.」

「Revenue and profit both increased in major renewal and maintenance work, partly because the company began improving productivity through trial operation of a system under development.」

「Against this operating backdrop, our Group has worked to respond flexibly to changes in the external environment and, based on the basic policies and strategies of Medium-Term Management Plan 2019 (FY2019–FY2021), accelerate initiatives under the plan and expand growth areas—major renewal, precast concrete construction, maintenance and overseas operations—through further strengthening and transforming our earnings base.」

「In the civil engineering business, we are advancing improvements in estimating accuracy and construction techniques, positioning major renewal and repair work, a growth area, as a core business alongside new construction.」

「We believe that the qualitative shift in construction work from new construction to major renewal and maintenance has led to orders, following several years of efforts to build an operating structure in anticipation of this change. The proportion of major renewal and maintenance work in projects carried forward to the next fiscal year is increasing, and we will implement measures to improve the productivity and profit margins of these projects.」

「In the civil engineering division, despite declining order volumes for new bridge construction, we have worked to shift the business in response to social needs by maintaining stable orders and revenue from new bridge construction, expanding our major renewal and maintenance businesses, including deck replacement projects, a future growth area, and continuing to accumulate technologies and construction expertise for repair and reinforcement.」

「We believe that the shift in our core business from new bridge construction to non-bridge and general civil engineering, renewal and maintenance is progressing smoothly. In NEXCO's major renewal program, we have won orders on the Tōmei and Chūgoku expressways and, in May 2018, on the Hokuriku Expressway.」

「Against this economic backdrop, we have sought to maximize Group-wide profitability. In the civil engineering division, despite declining order volumes for new bridge construction, we have worked to develop an operating structure capable of meeting social needs while maintaining stable orders for new bridges and expanding our major renewal and maintenance businesses, including deck replacement projects, one measure for extending the service life of existing expressways and bridges.」

「While maintaining stable orders and revenue from new bridge construction, we are steadily strengthening our major renewal and maintenance businesses, accumulating technologies and construction expertise for extending the service life of existing structures and for repair and reinforcement, and developing an operating structure capable of responding to the transformation of our core businesses.」

「In the civil engineering division, we have developed an operating structure capable of responding to the qualitative shift toward maintenance and renewal by maintaining stable orders and revenue from new bridge construction, expanding the scale of our major renewal and maintenance businesses, and establishing technologies and construction expertise for extending the service life of existing structures and for repair and reinforcement.」

「In the precast concrete industry, the core sector of the civil engineering division, we will maintain a stable level of orders and revenue from new bridge construction as an industry leader, while expanding the scale of our major renewal and maintenance businesses. We will establish technologies and construction expertise for extending the service life of existing structures and for repair and reinforcement, and develop an operating structure capable of responding to the transformation of our core businesses.」

「In the precast concrete industry, the core market for our civil engineering division, newly constructed bridge projects are declining while demand for renewal and maintenance work is expected to increase. Adapting our Group to these changing social needs has therefore become an urgent priority.」

「While maintaining its leading order share in bridge construction, the company aims to strengthen orders in its major renewal and maintenance businesses and advance new technologies and construction techniques for extending the service life of existing structures, as well as for repair and reinforcement work.」

「Focus on growth areas—major renewal projects, maintenance and precast concrete construction—to expand the scale of the business」