I assumed office as President and Representative Director of Toyo Construction on April 1, 2014 as successor to President Mohri. I am committed, body and soul, to working for the development of this Company so that we can meet the expectations of all our stakeholders, beginning with our customers and shareholders. To achieve this goal, I sincerely request your further guidance and encouragement in the future, as in the past.
Toyo Construction achieved increases in income and profit in the fiscal year ending in March 2014 and was able to increase its dividend to shareholders by ¥2. I would like to take this opportunity to express my thanks to all our stakeholders for making this possible.
Against this backdrop, the Toyo Group also launched a 3-year Mid-Term Management Plan with fiscal year 2014 as its first year. Although a detailed explanation can be found in the following, based on current conditions and the outlook for the future, we have laid out a plan which aims at achieving a consolidated ordinary profit of \5 billion or more in the period ending in March 2017, which will be the final year of the Mid-Term Plan. Our fundamental strategy for accomplishing this includes creating a well-balanced income base, strengthening the capabilities of the Toyo Group as a whole, initiatives to diversify our future sources of income, and improvement of ability to conduct risk management.
With “challenge” as our motto, we are aiming at a stage “one rank up,” and in this spirit, we welcome your expectations.
As Japan prepares to host the Tokyo Olympic and Paralympic Games in 2020 and upgrades its social capital to improve its international competitiveness, construction-related investment has increased to a degree that was unimaginable just a few years ago. On the other hand, due to the country’s rapidly-aging population and shrinking skilled construction labor force, there are also some regions where construction is not progressing as hoped.
Because Japan is a small island nation with a large population, where earthquakes, typhoons, and other natural disasters are an unavoidable fact of life, the role of the construction industry is extremely large. However, it appears that we will continue to face difficulties on the road to solving the problem of the shortage of skilled labor. For this reason, we must do more to communicate the importance of the construction industry, and through our own efforts, make construction an attractive industry for the general public, and particularly young people.
At Toyo Construction, we are constantly striving to develop global environment-friendly technologies, act proactively to protect and preserve the environment, and further refine our corporate culture, which values human resources and an employee-friendly workplace, in the hope that we can contribute, in any way, to the growth of Japan and the construction industry.
A company that fulfills its responsibilities to people and the planet: This has always been our aim at Toyo Construction, and it will continue to be our aim in the future.
Toyo Construction Co., Ltd.
President, Executive President, and Representative Director