full Annual Report 2003(5.9

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c2 Profile Twenty years after its founding in 1840, Kajima Corporation constructed Japan’s first Western-style building—the Eiichiban kan—in Yokohama. Since then, Kajima has rapidly developed its operations by anticipating future trends in all types of construction-related needs. The Company’s activities have encompassed the railway construction and electric power development that propelled Japan’s initial modernization as well as the coastal industrial developments, high-rise structures, nuclear power plants, and maritime-related projects that helped the nation rise quickly to economic superpower status. Today, as one of Japan’s leading construction companies Kajima maintains subsidiaries in North America, Europe, and Asia and is active in construction and real estate development business around the world. With an eye to the dynamic changes under way in the operating and social environments, Kajima will continue to evolve, supported by superior technological expertise, rich human resources, and a pioneer spirit. By working in close cooperation with our stockholders, customers, and local communities, we are confident we can contribute to a brighter future for all. Contents Financial Highlights (Consolidated and Non-Consolidated) 1 Message from the Management 2 Kajima Group Medium-Term Business Plan (Fiscal 2004 to Fiscal 2006) 4 Domestic Operations 6 •Construction Business 6 •Real Estate Development 10 •Design 12 Overseas Operations 14 •Construction and Real Estate Development 14 Research and Development 18 Highlights 20 Financial Section 22 Overseas Network 66 Principal Subsidiaries and Affiliates 68 Board of Directors and Auditors 70 Corporate Data 70 Cautionary Statements This Annual Report includes forward-looking statements that represent Kajima’s assumptions and expectations in light of currently available information. These statements reflect industry trends, clients’ situations and other factors, and involve risks and uncertainties which may cause actual performance results to differ from those discussed in the forward-looking statements in accordance with changes in the domestic and overseas business environment.
Financial Highlights (Consolidated and Non-Consolidated) KAJIMA Corporation (and Consolidated Subsidiaries) For the years ended March 31 2003 2002 2003 (Thousands of Consolidated: (Millions of Yen) U.S. Dollars) Revenues ¥1,874,802 ¥2,060,353 $15,623,350 Net Income (Loss) 10,111 (41,153) 84,258 Total Assets 2,024,226 2,226,712 16,868,550 Stockholders’ Equity 159,017 180,220 1,325,142 Per Share: (Yen) (U.S. Dollars) Basic Net Income (Loss) ¥0,0010.44 ¥000(43.05) $0,0000.087 (Thousands of Non-Consolidated: (Millions of Yen) U.S. Dollars) Revenues ¥1,458,086 ¥1,550,317 $12,150,717 Net Income (Loss) 8,515 (47,794) 70,958 Total Assets 1,680,439 1,826,910 14,003,658 Stockholders’ Equity 184,011 206,013 1,533,425 Contract Awards 1,139,509 1,200,432 9,495,908 Total Contract Backlog 1,385,832 1,704,409 11,548,600 Per Share: (Yen) (U.S. Dollars) Basic Net Income (Loss) ¥0,0008.86 ¥000(49.72) $0,0$00,000.074 Cash Dividends 5.00 7.00 0.042 Notes: 1. The U.S. dollar amounts included herein are presented solely for convenience of the reader. Such dollar amounts have been translated from yen at the approximate exchange rate in Tokyo on March 31, 2003, of ¥120=U.S.$1. The translations should not be construed as representations that Japanese yen have been, could have been or could in the future be converted into U.S. dollars at that or any other rate. 2. Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the years ended March 31, 2003 and 2002, respectively. 3. Diluted net income (loss) per share is not disclosed because the Companies have nothing which might dilute the per share information for the year ended March 31, 2003 and because of the net loss of the Companies for the year ended March 31, 2002 in the consolidated and non-consolidated results. 1
Page 1: Annual Report 2003 For the year end
Page 5 and 6: Sadao Umeda President Therefore, wh
Page 7 and 8: Principal Tactics 1. Augment profit
Page 9 and 10: TOKI MESSE: Niigata Convention Cent
Page 11 and 12: Yamaguchi Reservoir New Building Co
Page 13 and 14: Shinagawa Seaside Forest Shinagawa
Page 15 and 16: Shiodome Area including Shiodome To
Page 17 and 18: Pampered Chef headquarters building
Page 19 and 20: Chirundu Bridge over the Zambezi Ri
Page 21 and 22: Image of “Total Construction Syst
Page 23 and 24: Japan’s Largest Covered Final Dis
Page 26 and 27: 24 Summary of Business Performance
Page 28: 26 Consolidated Balance Sheets KAJI
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52 Non-Consolidated Statements of O
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54 Non-Consolidated Statements of C
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66 Overseas Network HEAD OFFICE OVE
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68 Principal Subsidiaries and Affil
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70 Board of Directors and Auditors
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