full Annual Report 2006 (PDF 3.2MB)

Message from the ManagementCredibility and TrustOur Credibility and TrustMessage from the Management2Mitsuyoshi NakamuraPresident, Representative DirectorSadao UmedaChairman, Representative DirectorThe Japanese construction industry during the financial year to March 2006 wasmarked by a large-scale transformation of the business environment, exemplifiedby such factors as a shift in the demand structure, and more intense competitionresulting from reform of construction-related laws. In the domestic constructionmarket, capital investment increased in the private sector prompted by the economicrecovery, although investment in public works fell at an even greater pace,making the struggle for contracts fiercer than ever. We have entered an era inwhich the management capabilities of Kajima and other companies in the industryare truly being put to the test.Another distinctive feature of the times is a greater awareness of corporate socialresponsibility (CSR) in terms of ensuring compliance, contributing to society andthe environment, emphasizing and enhancing quality and safety, and other measures.We are now in an age when society demands that all companies raise theirawareness of CSR to levels higher than ever before, and act on their own initiative.Kajima has adapted its structure to face this new era, restructuring our top managementaround the chairman and president positions. We have also restructuredour Board of Directors and introduced an executive officer system, enhancing thespeed of management decision-making and strengthening oversight functionsfor operations.