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Masaaki Kai

Despite the severe business environment, we will take stable steps forward and aim to achieve further development.

President and CEO
Masaaki Kai

This is the 50th anniversary of our company. I would like to express my cordial thanks to our shareholders and other stakeholders for their support and courtesy.

As for the business results for the second quarter of FY2021, although there had been a decrease in sales of the water supply and drainage business and the waiver of some of the debts of aviation-related customers due to the COVID-19 pandemic, there was an effect of the start of the business of new properties completed in the last fiscal year, and the results are generally maintaining the level of the expected consolidated figure announced in May 2020. We are offering an interim dividend of 7 yen as was forecasted, in order to achieve continuous return to shareholders, which is the policy of our company.

While there is still a possibility that the business results for the entire fiscal year may change significantly with the situation of COVID-19, we are currently planning to offer an annual dividend of 14 yen per share.

The construction of the dormitory for international students in Kanto Gakuin University is scheduled to be completed in March 2021. This facility will be a complex including commercial facilities and clinics that can used by regional residents as well. As for HANEDA INNOVATION CITY, a project our company invests and participates in, it fully started its business in September 2020 as a large-scale complex focusing on two core industries of “advanced technology” and “culture.” Our company is engaged in the parking lot business and sublease business of rental offices in this facility.

Regarding the overseas business, the Singapore Office opened in April 2020. We will further develop our overseas business from this base, staffed by employees dispatched from Japan.

As for efforts to realize sustainability, we are installing solar panels in the domestic cargo terminal of Tokyo International Airport, which is of the largest scale in the airport, as well as introducing LED lighting. We are also issuing green bonds (privately placed bonds) to cover some of the installation cost.

Our company will continuously contribute to realizing a sustainable society through our business activities.

Despite the severe business environment due to the COVID-19 pandemic, our officers and employees will work together to achieve further development. We would like to ask for the continuous understanding and support of our shareholders and investors.

November 2020
President and CEO
Masaaki Kai