I would like to begin by expressing my sincere appreciation to all of Kajima’s stockholders and investors. Thank you for your unwavering support.
The impact of the COVID-19 pandemic on the global economy has not subsided, and the future remains uncertain. Thanks to the medical and pharmaceutical response and a variety of government policies, however, we expect to see a gradual recovery. In the construction market, we believe that construction investment driven by technological innovation will remain steady and see new construction demand coming in response to the advancing trends of decarbonization and digital transformation.
Against this backdrop, the Kajima Group has done its utmost to execute the initiatives under our previous Medium-Term Business Plan, which concluded in fiscal 2020. As a result of our efforts to increase production capacity and competitiveness in our domestic construction business, as well as our work to increase the profitability of the entire Kajima Group, we were able to surpass our targets every fiscal year of the plan’s three-year duration.
For the current fiscal year, the Kajima Group has established a vision that conveys our long-term goals and drawn up the Kajima Group Medium-Term Business Plan (FY2021–2023). We have tied the plan with both our vision and our material issues in order to achieve sustainable growth. Based on this plan, we will aggressively pursue measures and investments based on accurate assessments of accelerating changes in the business environment and market trends in order to meet our management goals and deliver sustainable growth.
We ask for your continued understanding and support as we pursue these objectives.