Described below are some of the management policies and key initiatives we will implement in business activities during fiscal year ending March 31, 2018.
Shimizu has created Smart Vision 2010, a long-term plan outlining Shimizu’s vision for its businesses in 10 years, and the Midterm Management Plan, which establishes the company’s management policies for the next five years. Shimizu has also created a three-year management plan based on these documents, which defines the Group’s business strategies for the next three years. This management plan is updated each year on a rolling basis.
The current three-year management plan, which began in fiscal 2017, is based on the Midterm Management Plan 2014 (PDF 3.8MB) created in July 2014. Although Shimizu’s main source of revenues will be the domestic construction business, the plan also includes measures to establish business bases in new areas of business.
An overview of this plan is provided below.
Three-year Management Plan (FYE Mar. 31, 2018 to FYE Mar. 31, 2020): Summary
Management Policy
Achieve sustainable growth of the Shimizu Group by responding swiftly and decisively to environmental changes, evolving the construction business, working to create new revenue bases, and by strengthening the business base and achieving work style reform from the perspectives of SDGs*1 and ESG*2.
Key Initiatives
- Work to improve earning power by improving productivity in addition to strict attention to quality, safety, and process management.
- Be faithful to the tradition of superb craftsmanship by adhering to a strict system of quality and safety management checks.
- Build a stable production structure and work to improve productivity through development of production technology aimed at the future.
- Improve business competitiveness by engaging in strategic sales activities that maintain a good balance between profit-mindedness and the spirit of challenge.
- Build businesses other than the domestic construction business in Japan that will provide new value to the community and to customers.
- Engage the entire corporate team in pursuing global business, including the construction, investment and development, engineering, LCV*3 and headquarter division functions of the company.
- Develop the building stock management business by working in partnership with group companies.
- Build a commercial business in the field of sustainability.
- Make strategic investments and create new businesses aimed at the future.
- Pursue strict compliance and work style reform and create a work environment that the next generation will find attractive.
- Take steps to eradicate scandals caused by unethical and illegal conduct.
- Take on the challenge of “going one step further” in reforming work styles to achieve work-life balance.
- Work to increase corporate value from the perspective of ESG.
- Pursue corporate governance that is implementable in practical terms, and manage in a highly transparent and reliable manner.
- Make steady progress on diversity in management (greater advancement of women and productive employment of people with disabilities and other underrepresented groups).
- Pursue environmental management that is both “offensive” and “defensive” through greater efforts aimed at reducing CO2 emissions and protecting biodiversity.
- Pursue CSR activities that are linked to business activities, and participate in volunteer activities and other activities that will contribute to the community.
- Improve the company’s ability to mitigate natural disaster risk and other types of risk, and contribute to the realization of safe, secure communities.
- Help customers and communities by pursuing BCP measures to protect them in the event of an earthquake or other natural disaster.
- Continue to develop technology aimed at disaster prevention and mitigation that will make infrastructure and facilities even safer and more secure.
- SDGs: An abbreviation of Sustainable Development Goals. Refers to common goals for the international community to achieve by 2030 adopted by the United Nations General Assembly in 2015. There are 17 development goals set forth, including no poverty, affordable and clean energy, and climate action.
- ESG: An acronym consisting of the first letters of “Environment,” “Social,” and “Governance. ESG investment is becoming widespread among investors. ESG investors believe that companies that take ESG elements into consideration have high long-term growth potential.
- LCV (Life Cycle Valuation): A business concept that means providing high-level technology and services to maximize the value of facilities and infrastructure over their entire life cycles.
Yoichi Miyamoto, Chairman and Representative Director
Kazuyuki Inoue, President and Director
Shimizu Corporation