Medium-term Business Plan (FY2015-2017)

(I) Basic Policies

Deep Cultivation of the Construction Industry, our core business


  • To obtain high customer satisfaction by ensuring quality and safety
  • To achieve stable and sustainable growth
  • To promote conversion to a business structure for creation of higher added value
  • To obtain high trust and evaluation from all stakeholders

(II) Management Tasks

1. Strategic initiatives for target projects
 (1) Participation in National Projects
 (2) Participation in large scale private sector projects
 (3) Participation in overseas infrastructure export

2. Active contribution to enhancement of social infrastructure
 (1) Participation in the main infrastructure development for the safety, security, and convenience of the people
 (2) Participation in projects for stable electrical power supply
 (3) Active contribution to earthquake reconstruction projects

3. Promotion of next generation technological development
 (1) Development of construction technologies for the next generation
 (2) More advanced technologies for dealing with earthquakes
 (3) Development of technologies for differentiation in fields such as environment, nuclear power, etc.

4. Establishment of next generation business models for target fields
 (1) Renewal and replacement field
 (2) Nuclear power field
 (3) Environmental field
 (4) Engineering field
 (5) Urban development field

5. Strengthen domestic construction business
 (1) Improvement in construction capabilities
 (2) Strengthen the quality and safety management systems
 (3) Expansion of design and construct projects
 (4) Improvement in procurement power

6. Construct the basis for healthy growth of overseas projects
 (1) Construct systems with a view towards participation in overseas infrastructure exports
 (2) Promotion of business in areas and fields with good prospects
 (3) Strengthen the business systems of overseas companies

7. Increase the Group strength
 (1) Promote Group housing strategy
 (2) Development of new renewal technologies for seismic retrofit of infrastructure, etc.
 (3) Strengthening cooperation among group companies in connection with sales, procurement, and construction

8. Evolution of management infrastructure
 (1) Establishment of corporate governance for the next generation
 (2) Promotion and improvement of a solid financial foundation
 (3) Training and strengthening of human resources
 (4) Promotion of diversity management
 (5) Utilization of ICT

(III) Management Numerical Targets

(Billions of Yen)

  Medium-term Business Plan (FY2012–2014) Medium-term Business Plan
FY2014 initial plan (Note 1) FY2014 forecast (Note 2) FY2017 plan
Consolidated Non-consolidated Consolidated Non-consolidated Consolidated Non-consolidated

<Business and financial targets>

Net sales 1,400 1,090 1,540 1,230 1,610 1,280
Operating income 47 36 54 42 75 57
Net income 20 15 29 22 47 36
Interest-bearing debt 300 200 275 200 Less than 300 -
D/E ratio 1.0 0.8 0.6 0.5 - -

(Note 1) Numerical target for FY2014 at the time that the current Medium-term Business Plan was formulated in 2012
(the net sales and net income are initially not disclosed to the public)

(Note 2) The predictions for D/E ratio are calculated values.

<Capital policy and guidelines for return to shareholders>

Dividend payout - - - - 25% or more -
ROE - - - - 8.0% or more -
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