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Effective April 1, 2007, I have taken over the reigns as President at Taisei Corporation.

Although Japan's economy is enjoying the longest expansion in its history, the construction industry nevertheless faces a difficult and unprecedented business environment. With this in mind, I am taking on this challenge to steer the 'Taisei Maru' ship, with its roughly 100,000 employees (including sub-contractors) on board. I am well aware of this great responsibility and will dedicate all my strength to carry it out.

As competition in the construction market intensifies, there is finally movement toward a significant transformation, with reorganization and the progressive weeding out of certain market players. In anticipation of this change, our Group companies will be implementing various reforms and moving ahead with innovations. We intend to set the highest management standards, explaining our ongoing performance and activities in a transparent way and with accountability - while upholding truly fair business practices..

The Taisei Group Companies begin a new medium-term business plan in 2007.
We are boldly pushing ahead to arrive at solutions and reach our targets with a four-pronged strategy that includes: 1) strengthening profit structures, 2) establishing a strategic business system for securing new contract orders, 3) securing new income sources, and 4) promoting training methods and ensuring the optimal allocation of human resources.

I look forward to your enthusiasm and support as we move forward.
 
   
 
President and Chief Executive Officer Takashi Yamauchi
President and Chief Executive Officer


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