Shimizu Corporate Report 2017
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SHIMIZU CORPORATE REPORT 2017 REPORT SHIMIZU CORPORATE SHIMIZU CORPORATE REPORT 2017 This document is printed on FSC® accredited paper using 100% Printed on paper made with wood from vegetable oil based “Vegetable oil ink” and waterless printing methods forest thinning “Morino Chonai-Kai” Printed in Japan (Forest Neighborhood Association) 1710020_TOP —supporting sound forest management. Financial Section Orders, Sales andEditorial Backlog Policy (Nonconsolidated) Shimizu Corporation The Shimizu Corporate Report addresses various topics, including a company history stretching For the year ended March 31, 2017 back more than 210 years to its founding in 1804, fundamental management principles, policies and plans, and our current business status.This report is intended to help various stakeholders better understand the Shimizu Corporation of today. (1) Construction orders awarded and contracts Thousands of Organizations covered Millions of Yen U.S. Dollars Head office and overseas and domestic branch offices of Shimizu2016 Corporation2017 and Shimizu 2017 Group companies Construction business (orders) CSR performance figures apply only to the head office and domestic branch offices of Shimizu Aiming to Become Architectural Construction Corporation. Domestic Operations Period covered ¥ 965,369 ¥1,082,992 $ 9,662,674 Primarily covers fiscal 2016 (April 2016 through March 2017); also includes certain activities Overseas Operations before and after this period. 35,405 29,695 264,946 a Smart Solutions Company Subtotal Guidelines referred to 1,000,775 1,112,687 9,927,620 Environmental Reporting Guidelines 2012 (Ministry of the Environment, Japan) Civil Engineering Sustainability Reporting Guidelines, Ver. 4 (Global Reporting Initiative) Domestic Operations 252,578 311,519 2,779,436 Our objective is to grow constantly with society as a leader in creating environments in which Information Financial information Nonfinancial information Overseas Operations structure 31,280 146 1,311 people can live in comfort and security. Main published materials Subtotal 283,858 311,666 2,780,747 At the Shimizu Group, we are relentlessly pursuing the development of sustainable structures Financial highlights Corporate Governance Reports Total construction business Securities reports 1,284,633 Company1,424,353 information 12,708,367 and a sustainable society while maintaining our focus on the construction business. Real estate development and other(contracts) Materials from briefings on 57,266 Stream DEW60,707 541,643 Our goal is to serve as a “Smart Solutions Company*” that reliably produces value surpassing financial results Civil Engineering Quarterly Total Reports (to shareholders) ¥1,341,900 ¥1,485,061 $13,250,011 customer expectations. Shimizu Corporate Report 2017 (Japanese/English) Thousands of * Smart Solutions Company: (2) Net sales Shimizu Corporate Report 2017 PDF file (Japanese/English)Millions of Yen U.S. Dollars A company that, rather than focusing solely on construction contracting, provides customers with maximum added value and solutions at every level, including proactive business participation, management, and investment in promising businesses and areas surrounding the core construc- Corporate activities2016 as a whole 2017 2017 tion business Corporate site Construction business https://www.shimz.co.jp/english/index.html IR site: Investor Relations CSR site: CSR Architectural Construction https://www.shimz.co.jp/ https://www.shimz.co.jp/ english/ir/message.html english/csr/basis.html Domestic Operations ¥ 985,558 ¥ 908,171 $ 8,102,883 Website Overseas Operations 82,026 48,215 430,190 Subtotal 1,067,585 956,387 8,533,074 Contents Shimizu's CSR standards, framework, and related pages of this report Civil Engineering ISO 26000 core topics Four areas of Global Compact Overview of Shimizu Corporation Special Feature: Three Priority Areas in which to CSR Management Domestic Operations 257,482 259,895 2,318,839 Grow Together with Society Labor Page issues Company practices 36 CSR Concepts Overseas and Key Operations Performance Indicators 25,279Consumer 28,749 256,508 governance Environment Environment 04 Human rights development Human rights Shimizu’s Past, Present, and Future Fair operating Organizational 28 Labor practices Anti-corruption Targeting business growth Subtotal 282,762 involvement and 288,644 2,575,347 07 Lines of Business/Network centered on Asia Fairness and Transparency in Business 08 Total construction business 1,350,347 1,245,031 11,108,422 Directors, Auditors, and Executive Officers Global Business Corporate Governance 38 12 Five-Year Highlights (Consolidated) Risk ManagementReal estate development and other(contracts)39–41 56,485 46,518 415,048 1 Compliance Total 42 ¥1,406,833 ¥1,291,550 $11,523,471 Management Policies Disclosing Corporate Information 43 Creating(3) Backlog Value Surpassing the Expectations of Customers and Society Thousands of 14 Message from the President Millions of Yen U.S. Dollars 30 Targeting stable earnings Safety and reliability initiatives in construction and social infrastructure 44–45 16 Long-term Vision and Midterm Management Plan 2016 2017 2017 The Stock Management Disaster recovery initiatives 46–47 Construction business Business Delivering customer satisfaction through optimal quality 48–51 Strategies and Initiatives by Business Area 2 Health andArchitectural safety efforts inConstruction construction processes 52–53 Contributing to the environment 54–57 18 Construction Business Domestic Operations ¥ 833,778 ¥1,008,599 $ 8,998,925 Mitigating global warming 54 20 Civil Engineering Business Overseas Operations 57,999 39,478 352,239 32 Turning society’s challenges into Biodiversity initiatives 56 22 Overseas Construction Business Subtotal 891,777 1,048,078 9,351,164 Effective use of resources, preventing pollution 57 23 Investment and Development new business opportunities The PursuitCivil Engineering of Business Activities that Coexist with Society 24 Engineering Business Sustainability Business A Company Domestic That Values OperationsPeople 58–62 396,194 447,818 3,995,523 25 New Businesses 3 Contributing Overseas to Society Operations 63–66 68,734 40,131 358,064 26 Technology Strategy Subtotal 464,928 487,950 4,353,588 Other Information Total construction business 1,356,706 1,536,028 13,704,753 Topics: A heritage for the next generation 67 Initiatives by Affiliates Real estate development and other 26,505 40,694 363,081 68 Dialogue with Stakeholders 34 Originally built by Shimizu, the National Museum Total ¥1,383,212 ¥1,576,722 $14,067,835 of Western Art has been named 69 Independent Opinion We are moving ahead with efforts including construction of environment-friendly buildings, to the World Heritage List. Notes: (1) Yen amounts have been rounded down to the nearest million. 70 External Awards enhancing communication with local communities, (2) U.S. dollar amounts have been translated at the exchange rate of ¥112.08 to U.S.$1, the approximateand promoting rate compliance, prevailing in accordanceat March with31, 2017.the 71 Independent Assurance Report / ISO Management Systems philosophy of the Global Compact. 72 Investor Information 73 Financial Section 02 Shimizu Corporate Report 2017 ShimizuShimizu Corporate Corporate Report Report 2017 201703111 Overview of Shimizu Corporation SHIMIZU’S PAST, PRESENT, AND FUTURE Prots based on Building with integrity Kisuke Shimizu I Eiichi Shibusawa an integrity-based Starting “Building with integrity” “Rongo to Soroban” approach to building worthy Present Future + point (“The Analects and the Abacus”) structures that meet Realizing a sustainable society Fundamental management principles customer needs Globalization LUNA RING Kyobashi Smart Eiichi Shibusawa Community 2 GINZA KABUKIZA* GREEN FLOAT The challenge of new technologie Kisuke Shimizu I Fukushima Floating Mode Gakuen Offshore Wind Farm Cocoon Tower Demonstration Project The National Museum of Western Art Makuhari City Center Izumo-Oyashiro (preservation & restoration work) OCEAN SPIRAL Fusing Western-style construction with Tsukiji Hotel Yoyogi National Stadium traditional wooden Changi Airport, Tokyo Outer Terminal 3 Ring Road construction Yokohama Port Opening Honshu-Shikoku Innoshima Memorial Hall Bridge Project Rikuzentakata earthquake restoration project National resilience Showa-era repairs of the Dai-Ichi National Bank Great Buddha Hall of (Mitsui-Gumi House) Todaiji Temple Earthquake restoration Obara Dam*1 Carrying on the tradition of wooden construction *1 Photo courtesy of the Ministry of Land, Infrastructure, Transport and Tourism *2 Photo courtesy of Shochiku Co., Ltd., Kabuki-za Co., Ltd. 1804 1900 2000 04 Shimizu Corporate Report 2017 Shimizu Corporate Report 2017 05 Overview of Shimizu Corporation Shimizu’s Past, Present, and Future Lines of Business/Network After departing Toyama, Etchu Province for Edo (now Tokyo), the carpenter Kisuke Shimizu founded Shimizu in 1804 Company Profile Main Domestic Subsidiaries and Affiliates in Kajicho, Kanda. From the start, he sought to build trust by building quality structures with an approach founded (as of April 1, 2017) on sustained and honest effort, integrity, and a deep sense of professional responsibility. Today, Shimizu Corporation Corporate Name : SHIMIZU CORPORATION FaB-Tec Japan Corporation maintains its pursuit of new knowledge and technologies in order to meet the needs of customers and society. Daiichi Setsubi Engineering Corporation Date of Establishment : 1804 SC PRE-CON CORP. 1804-1945: From laying the Company