To Our Stakeholders
My name is Kazushi Okawa and I was recently appointed Chairman & CEO of Chiyoda Corporation. I would like to take this opportunity to thank all of our shareholders and investors for their continued invaluable support.
At the Ordinary General Meeting of Shareholders held on June 25, 2019, a third-party allotment of preferred shares was approved, which will become the core of measures designed to bolster our financial standing. We are now well positioned to implement “Chiyoda’s Revitalization Plan - Initiatives for revitalization and the future -.” Under the renewed management system, which makes a clear distinction between management and business execution, we will steadily execute the revitalization plan and work to establish a stable earnings structure and solid financial foundation.
Moreover, from the award of orders for projects until the completion of work, we will continue to focus on strengthening the risk management structure and evolving our EPC (Engineering, Procurement and Construction) execution capacity. Meanwhile, over the medium and long terms we will innovate EPC execution and diversify business by penetrating into investment and service fields through digital innovation technologies.
The officers and employees in the Chiyoda Group are united in their determination to achieve a rapid recovery in business results, with the aim of returning to our position as one of the world’s leading engineering companies. We deeply appreciate the continued understanding and support of all of our shareholders and investors.
Chairman of the Board & CEO