Director and Senior Managing Executive Officer Tohisa Obayashi, who has been unofficially appointed as the next president of Toyo Construction (scheduled to take office in late June), held a press conference in Tokyo on the 24th and clarified the future management policy. The next president, Obayashi, sees it as his mission to steadily implement the five-year medium-term management plan that started in April and to "maximize corporate value," and believes that he will "turn from defensive to offensive and build a solid management foundation." showed that.
President-elect Obayashi (right) and President Takezawa
In the medium-term plan, we have set goals such as consolidated sales of 235 billion yen or more and operating income of 15 billion yen or more. I will try," he stressed. Obayashi, the next president, will focus on civil engineering and construction, overseas, and offshore wind power businesses, which are the pillars of the company, by making use of his extensive experience and knowledge of about 40 years in civil engineering. He said, "We will further strengthen marine civil engineering in our core business of civil engineering, and focus on renovations in construction to pursue profits." Touching on the current efforts for offshore wind power, such as the construction of cable-laying ships and technology development for foundation construction, he expressed his desire to "grow it into a major earnings pillar."
He expressed opposition to the takeover bid (TOB) proposed by the asset management company "Yamauchi Number Ten Family Office (YFO)" and measures to improve corporate value, saying that "there are many things that are incompatible." "We will deal with it sincerely while holding dialogue," he said.
Looking back on the nine years, President Kyoji Takezawa, who is scheduled to become an advisor, said, "When I was appointed, it was a difficult time, but thanks to the efforts of our employees, we were able to increase profits and strengthen our financial base." Despite his outward appearance, he has strong convictions.
