Japanese Construction Leader Kajima Corp announced on May 12 its mid-term corporate management plan targeting fiscal 2015-2017, aiming at 1.75 trillion yen of sales and 65 billion yen profits in the final year of the period. The company looks to strengthen its focal business; construction by integrating technologies possessed by all member companies of the Kajima Group and expanding the business scope.

Consolidated sales increased 11.3% to 1.69 trillion yen in fiscal 2014, while consolidated profits dropped 44.9% to 12.6 billion yen. The company reported operating deficit of 18 billion yen for the first time since 2010, partly due to a loss in expressway construction in Algeria. Under the company’s business circumstances, the three-year plan focuses on three sectors; to improve profitability of its principal construction business; to offer pioneering, valuable service for construction; to establish the group’s lucrative business foundation. (2015/05/13)