Thank you for your exceptional support over this past fiscal year.
We would like to present the Chiyoda Group’s annual report for the fiscal year ended March 31, 2013.
Revenues and earnings rose year-on-year on the back of new contracts for refineries in Southeast Asia and the Middle East, as well as steady progress made in executing backlog projects such as LNG plants in Papua New Guinea and Australia.
In the 12 months before the year under review, the final year of our Medium-Term Management Plan entitled “Engineering Excellence, Value Creation 2012”, we implemented key strategies aimed at creating a firm basis for future growth.
This is a time of major change both in Japan and overseas, with increased demand for energy due to economic growth in emerging countries, the momentum of development from the shale revolution, the continuing global shift from oil to gas, the growing trend of renewable energies, as well as rapid urbanization.
Under the new Medium-Term Management Plan titled “Seize the moment, Open up new frontiers” launched by the new management team in fiscal 2013, we will further implement key strategies of the previous plan.
By executing Engineering, Procurement, and Construction (EPC) projects as usual, expanding our business through accelerated investment in fields related to our core business, and strengthening health, safety and environment (HSE) and risk management policies, the entire Chiyoda Group management team and staff will work eagerly to create new value and raise corporate value.
We ask all of our shareholders for their continued support in our ongoing efforts.
Takashi Kubota, Executive Chairman
Shogo Shibuya, President & CEO
Stock Ticker Number : 6366