Message from the President
President, Chief Executive Officer & Representative Director
Penta-Ocean Construction Co., Ltd. is now celebrating its 122nd anniversary since its founding as Mizuno Gumi in Kure City, Hiroshima Prefecture in 1896. Our initial business in marine civil engineering works has significantly expanded to land civil engineering and building construction works. We have had historical involvement in numerous and notable major projects overseas, particularly the Suez Canal Widening and Deepening project in Egypt, etc. This year is the 54th year since the establishment of our Singapore Branch Office. This office has also functioned as the headquarters of our International Business Unit since April of 2015. We are now aiming to become a globally No.1 contractor in port, coastal and waterfront areas.
Fortunately, the business environment surrounding the construction industry continues to remain favorable both in Japan and overseas. In addition to steady public and private investments with the implementation of Abenomics, construction projects related to the Tokyo Olympic and Paralympic Games will enter a crucial stage, and increasing inbound related demand, such as for cruise terminals, accommodation facilities and commercial facilities, is expected. In the overseas market, we also anticipate continued healthy investment in construction projects in Singapore and Hong Kong, which are our bases. Furthermore, we expect the expansion of infrastructure investment in Southeast Asia and Africa owing to the government’s promotion of high quality infrastructure exports.
Under our new three-year mid-term management plan that starts from FY3/18, looking toward 2021 which marks our 125th anniversary, we will build strong foundations and aim to gradually expand our business. As a manufacturing company, we will enhance our sales force supported by technology, on-site capabilities and technical strengths. Additionally, we will continue consistent efforts to thoroughly master the contracting business and pursue a professional behavior, and make sure to take on the challenge of works worth being done as Penta-Ocean Construction. Moreover, we will squarely address the challenges facing the construction industry. In terms of future prospects, where the population of workers is rapidly decreasing, to secure responsible people, we will prevent long working hours, promote working style reforms for scheduled acquisition of holidays, and strive to realize a two-day weekend system. For that purpose, it is essential to increase productivity. While proactively pursuing the systemic innovation of construction production backed by technologies, such as computerized construction methods by utilizing ICT, labor saving and industrialized methods, we will achieve safety and quality improvement as well as an increase in productivity.
Penta-Ocean Construction Group is practicing CSR management in thinking that our greatest contribution to society is the construction of superior infrastructure. We will establish a corporate culture of openness while always having high ethical standards and cherishing technologies, and build a workplace where diverse personnel can actively work, regardless of gender or nationality.
I look forward to your continuous support as we continue to move further ahead.