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Integrated Report 2020 01 社員2800名から集めた「大切にしたい信条」を表す漢字一文字を使用して、 表紙について 社員一人ひとりの想いが礎となってつくり上げてきた東急建設のまちづくりを表現しています。 Integrated Report 経営戦略本部 経営企画部 コーポレート・コミュニケーショングループ 〒150-8340 東京都渋谷区渋谷1-16-14 TEL: 03-5466-5008 FAX: 03-5466-5069 E-mail: [email protected] www.tokyu-cnst.co.jp Our Value Creation Story 02 As a Member of the Tokyu Group 04 The History of the Tokyu Construction Group 06 The Strengths of the Tokyu Construction Group (Our Source for Value Creation) 08 Feature Article 1: Tokyo Metro Ginza Line Shibuya Station Railroad Switching Diversion Project 10 The Value Creation Process 12 Material Issues (Materiality) in Achieving “Our Ideals for 2026 — The Company We Hope to Be in 2026” Contents 14 Tokyu Construction Group’s Vision of “Our Ideals for 2026 — The Company We Hope to Be in 2026” Value Creation Initiatives 16 A Message from the President 22 Financial and Capital Strategies 24 Financial and Non-financial Highlights 26 Mid-Term Management Plan 2018-2020: Shinka 2020 Urban Solutions Business 30 Feature Article 2: Aiming at sustainable corporate management that can cope with the changing business environment 32 At a Glance (Business Overview) 34 Overview of each Business 34 Civil Engineering Business 36 Building Construction Business 38 Real Estate Business 40 International Business TOKYU CONSTRUCTION CO., LTD. Integrated Report 2020 01 The Foundation Supporting Value Creation 42 Corporate Governance 47 External Director Interview 48 Board of Directors 50 Risk Management 52 Compliance 54 Human Resources 58 Occupational Safety (Safety and Health) 60 The Environment About the Cover 64 Quality Control We approached 2,800 employees and asked them to suggest one 65 Initiatives to fulfill other social responsibilities Chinese character that they feel represents a principle they hold dear. We then used those charac- ters to create an image of a town that symbolizes Tokyu Construction – a town built upon the beliefs of Corporate Data each and every employee. 66 10-year Main Consolidated Financial and Non-financial Data 68 Financial Overview 72 Company Profile 73 Stock Information 02 OUR VALUE CREATION STORY As a Member of the Tokyu Group As a member of the Tokyu Group, each of us employees of Tokyu Construction will contribute to corporate activities and society with an awareness of our responsibilities to the Tokyu brand, based on our group phi- losophy, so that we will be trusted and cherished by customers, investors, and society as a whole. Tokyu Group Slogan Toward a Beautiful Age Beauty is the guiding principle and standard of value for Tokyu Group as it meets the chal- lenges of the future. For all of us in the Tokyu Group, the beauty we aspire to is a universal beauty deeply impressing anyone who encounters it, regardless of a person’s age or culture. We aim to create beauty in harmony with people, their communities, and the natural envi- ronment. With beauty as our touchstone, the Tokyu Group’s goal is to create beautiful living environments, which reflect our desire to serve our customers by refining our products and services, raising quality, and promoting good health. We are making every effort to realize this vision, and moreover, we aspire to play an active role in creating a more harmonious society, overflowing with kindness and consideration, so that all people may find genuine happiness and express an individual lifestyle. Our slogan, “Toward a beautiful age,” expresses the com- mitment of all of us in the Tokyu Group to continually pursue beauty, and proclaims our deter- mination to lead the way in creating beautiful living environments. Tokyu Group We hold the following shared vision as we work together to Philosophy create and support the Tokyu Group. Management Policy Mission Statement Principles of Conduct Work independently and in collaboration to We shall strive to create Fulfill your responsibilities. raise Tokyu Group synergies and establish a beautiful living environments, Collaborate to enhance each trusted and beloved brand. in which each person can other’s abilities. Reinvent your- ■ Meet current market expectations and pursue individual happiness self with a global awareness. develop new ones. in a harmonious society. ■ Manage in harmony with the natural environment. ■ Pursue innovative management from a global perspective. ■ Value individuality and encourage the best from each employee. Through these means, we will fulfill our corpo- Brand message rate social responsibilities. Corporate Philosophy Town Value-up Management Mission Statement Management Policy Principles of Conduct Vision Medium-Term Management Plan and Annual Management Policy Code of Conduct (specific criteria) TOKYU CONSTRUCTION CO., LTD. Integrated Report 2020 03 Mission Statement Corporate We will help each person realize his or her dream by creating comfortable living environments that allow peace of mind Philosophy The significance of Tokyu Construction in society Management Policy Management that rises to the challenge/Management that makes the best use of employees/Management that values customers/Management that is fair and open Values that should be maintained when establishing a management system for the continuous development of Tokyu Construction Principles of Conduct Independence/Speed/Teamwork/Reliability The attitude that should be taken when working as an employee of Tokyu Construction Brand Message Town Value-up Management The origin of Tokyu Construction lies in urban development such as Tama Garden City and the towns in areas surrounding Tokyu train lines. From this perspective, we will be involved in the life cycle of towns over many years, from planning proposals to new construction, renovation, and rebuilding. Accordingly, we will think not in terms of single buildings but of whole towns from the standpoint of customers and residents, and we will always strive to create new value Deepening and Evolving in the Pursuit of Genuine Value Vision Tokyu Construction ■ Striving to respond to diversifying customer needs and providing the best solutions, we will enhance the quality of our business. ■ Developing better technology and services, we will pursue new business opportunities in order to keep our capabilities evolving. ■ Continuing a tradition of contributing to society in its role as a general contractor, Tokyu Construction is dedicated to the pursuit of genuine value. Tokyu Construction’s Business Model Brand message Corporate Philosophy Town Value-up Management Mission Statement Management Policy Principles of Conduct Vision Medium-Term Management Plan and Annual Management Policy Please visit our website for details. Code of Conduct CORPORATE PROFILE/Corporate (specific criteria) Philosophy and Vision (https://www. tokyu-cnst.co.jp/en/company/vision/) 04 OUR VALUE CREATION STORY The History of the Tokyu Construction Group Despite emerging late as a general contractor, we have gradually built a business foundation driven by Japan’s era of high economic growth, and have grown into a safe and comfortable urban development partner alongside the development of the Tokyu Group. We will continue to contribute to society as “a general contractor that continues to embody Shinka,” while advancing the technologies and know-how of the construction industry in response to environmental changes and market needs, and accelerating our endeavors in new business domains. 1960 1966 1993-2003 While the Company was able to complete numerous difficult projects that would become local landmarks, the recession after the economic bubble burst led to worsening business conditions, and with an eye on re-building, Tokyu Construction was given new life as it was split Land readjustment project Den-en-toshi Line Extension: off as its own company, taking on only those assets needed to do at Nogawa First District Mizonokuchi Station to business in the construction industry. Nagatsuta Station 1971 1984 1999 1969 The “four guidelines” laid out by Noboru Goto, our first president Keikyu Hotel The Company grew rapidly, so teamwork Palau Pacific Resort Q FRONT has always been considered of the utmost (Hotel Pacific Tokyo) importance, and it remains a fundamental part of our corporate DNA today. 1991 2000 1959-1992 Our origin was the development of Tokyu Tama Garden City, where we developed a vast, 5,000-hectare area of land stretching from Kajigaya Station to Chuo-Rinkan Station. It was there that the Group established its technologies and techniques for building railways, Multi-level crossing construc- SHIBUYA MARK CITY roads, urban infrastructure, and other civil engineering projects, and tion of Tokyu Ikegami Line for the construction of super high-rise buildings and large urban (The “STRUM Method,” our representative spaces. The Group also aggressively expanded overseas and grew railway technology) rapidly in the industry despite emerging late. TOKYU CONSTRUCTION CO., LTD. Founded 1959 1946 Establishment of Tokyo 1964 Tokyo Olympics 1989 Consumption tax 1998 Financial System Reform Act passed Construction Industry Co., Ltd Societal 1970 Osaka Expo introduced 2001 9/11 terrorist attacks in US 1954 Absorbed as the Construction Highlights 1973 Oil Crisis 1991 Economic bubble burst 2002 FIFA World Cup in Japan and Industry Department of TOKYU 1995 Great Hanshin-Awaji South Korea LAND CORPORATION Earthquake TOKYU CONSTRUCTION CO., LTD. Integrated Report 2020 05 Strengths of 2014 2015 Tokyu Construction 2001 Teamwork CERULEAN TOWER Sanriku Railway Kita-Rias GLP Zama Bldg. Line Restoration Project (Logistics Facility) 2017 2004- Tokyu We continue to improve
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