Strengthening the Earnings Base and Expanding Growth Areas through Medium-Term Management Plan 2019

「In the current consolidated accounting year, the final year of Medium-Term Management Plan 2022, capital investment, particularly by large companies, remained firm and the overall market was on a recovery trend. In Civil Engineering, orders for both civil engineering and building construction substantially exceeded the medium-term plan targets, driven by progress on projects including large-scale renewal and repair projects for expressway operators and the Tokai-Kanjo Expressway project. Net sales also substantially exceeded the medium-term plan targets for both civil engineering and building construction, as the substantial backlog of construction work progressed steadily.」

「In the current consolidated accounting year, the second year of Medium-Term Management Plan 2022, capital investment, particularly by large companies, remained firm and the overall market was on a recovery trend. In Civil Engineering, orders for both civil engineering and building construction substantially exceeded the medium-term plan targets, driven by progress on projects including large-scale renewal and repair projects for expressway operators and the Tokai-Kanjo Expressway project. Net sales also substantially exceeded the medium-term plan targets for both civil engineering and building construction, as the substantial backlog of construction work progressed steadily.」

「Although we were able to strengthen earnings power amid a challenging external environment in which most of the plan period coincided with the COVID-19 pandemic, expansion of the business scale, including the growth fields of PC construction and overseas operations, produced somewhat stagnant results.」

「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.」

「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 FY2020, we implemented additional measures, including thorough infection-control measures, stronger efforts to win large projects, and expansion of our customer base. As a result, we expanded the scale of our business without interruption, achieving the planned levels for both orders and net sales. In terms of profit, in addition to securing design changes for civil engineering projects, efforts to reduce costs at construction sites proved effective, resulting in profit substantially exceeding the planned level.」

「Under these operating conditions, our Group continued implementing measures to prevent the spread of the infection, responded flexibly to changes in the external environment, and, based on the basic policy and strategies of Medium-Term Management Plan 2019 (FY2019–FY2021), accelerated efforts to implement the various measures in the management plan and worked to further strengthen the earnings base and expand growth areas through transformation.」

「Under these economic conditions, we have pursued sustainable corporate growth based on the basic policy and strategies of Medium-Term Management Plan 2019.」

「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 second year of this plan, we will steadily execute the basic policy and basic strategies while adding measures and making course corrections in response to changes in social conditions, and strengthen our efforts to realize the strategic theme of “further strengthening the earnings base and expanding growth areas through transformation”」

「In light of this business environment, our Group reassessed its vision for where it aims to be in 10 years and formulated Medium-Term Management Plan 2019 in May, moving into the execution phase to give effect to that vision. Going forward, we will accelerate efforts to implement the various measures set out in the management plan and work to further strengthen the earnings base and expand growth areas through transformation.」

「Against this management backdrop, this year we newly reviewed our vision for where we aim to be in 10 years as a frontrunner in the PC industry and formulated the “Medium-Term Management Plan 2019 (FY2019–FY2021)” to achieve it. Under its basic policies and strategies, we have pursued sustainable corporate growth across the group during a period of transition in the business environment.」

「Overview of Medium-Term Management Plan 2019 (FY2019–FY2021) ① Strategic theme: “Further strengthening the earnings base and expanding growth areas through transformation”」