I would like to express my sincere gratitude for your continued support.
The past few years have been filled with events that have had a significant impact on people’s values and lifestyles—events such as the COVID-19 pandemic, the Russian invasion of Ukraine, and the energy shortages and soaring prices that have occurred as a result.
The high prices of energy and materials have led to rising costs that have placed downward pressure on the MIYAJI ENGINIEERING GROUP’s business performance. However, we have worked to keep our business plans on course, through measures such as improving productivity through our Chiba Works overhaul project and other initiatives, increasing productivity by improving our on-site construction technologies and operations, and improving the operating efficiency of our corporate departments.
In 2011, MIYAJI ENGINEERING GROUP conducted a merger of MIYAJI IRON WORKS and MIYAJI CONSTRUCION & ENGINEERING, to form a new company named MIYAJI ENGINEERING. After launching our business turnaround plan, we were able to achieve sales of ¥17.4 billion and an operating profit of ¥0.4 billion. In order to survive and regain our position as one of the top companies in the industry, in 2015 we acquired Mitsubishi Heavy Industries Bridge & Steel Structures Engineering (currently MM BRIDGE) and improved our financial results, recording ¥58.0 billion in sales and ¥5.8 billion in operating profit for the fiscal year ended March 31, 2022. For the fiscal year ending March 31, 2025, we are aiming to reach ¥70.0 billion in sales, ¥7.0 billion in operating profit, and a dividend of ¥170. Furthermore, we plan to reach ¥75.0 billion in sales, ¥7.5 billion in operating profit, and a dividend of ¥180 in the fiscal year ending March 31, 2027.
We will continue to steadily implement the measures and investment activities set forth in our Medium-Term Business Plan (2022 to 2026), with the aim of reaching our management targets and achieving sustainable growth, despite the high degree of uncertainty in our business environment.
We look forward to your continued understanding and support.
Shigetoshi Aota, President and Representative Director