Kajima Corporation

Basic Information

Stock Code: 1812
Industry: Construction
Category Detail: Construction & Civil Engineering
Prefecture: Tokyo
Establishment Year: March 1930
Listing Year: October 1961
Official Website: https://www.kajima.co.jp/
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Hazama Ando Corporation, Taisei Corporation, Obayashi Corporation, Shimizu Corporation, Haseko Corporation, Nishimatsu Construction, Okumura Corporation, Toda Corporation, Kumagai Gumi, Sumitomo Forestry, Sekisui House, Ajinomoto, Infroneer Holdings, Kawasaki Heavy Industries, Mitsui Fudosan, Mitsubishi Estate, Sumitomo Realty & Development

Overview

Kajima Corporation is a major comprehensive construction company founded in 1930, engaging in a wide range of operations from civil engineering and building construction to overseas projects, leading the industry with its technological prowess and seismic-resistant architecture.

Current Situation

Kajima Corporation recorded consolidated revenue of 2.3916 trillion yen and operating profit of 123.5 billion yen for the fiscal year ending March 2023, responding to construction demand both domestically and internationally. It undertakes diverse projects such as super high-rise buildings and railway works, actively expanding overseas business centered on the Americas and Australia. Possessing a technical research institute, it develops innovative construction methods and materials, thoroughly implementing environmental considerations and safety management. It contributes to CO2 reduction through sustainable construction technologies and is advancing international expansion and technological innovation toward 2030. In recent years, it has incorporated digital technologies, focusing on the development of BIM and automated construction systems. It promotes multiple social infrastructure developments and urban redevelopment projects while maintaining a stable financial base. Having overcome past scandals, it strives to improve transparency and strengthen corporate social responsibility.

Trivia

Interesting Facts

Founded in 1840, with history from the late Edo period
Developed numerous innovative methods in super high-rise building construction
Possesses the industry's leading technical research institute to promote technological innovation
Handled restoration of Tokyo Station Marunouchi Station Building
Expands overseas markets through numerous international JVs
Developed proprietary Kajima cut-and-cover method
Attracted attention in past general contractor bid-rigging scandal
Also engages in diverse resort facility operations
Developed safety education app for construction sites
Jointly with UK developed 3D audio speaker
Pursues long-term sustainable construction technologies
Pioneering introducer of BIM technology
Supports numerous social infrastructure domestically and internationally
Numerous patents in wide fields
Strengthened ownership through employee stock ownership plan

Hidden Connections

President Yumasu Amano succeeded the business from Chairman Itoi Oshimi
After bid-rigging scandal with major Japanese general contractors, influenced industry fair competition promotion
Overlapping business areas and regional expansions with competitors like Obayashi and Taisei
Close relationship with East Nippon Expressway through construction and information sharing
Strength in construction materials procurement and sales through numerous group subsidiaries
Involved in media expansion as major shareholder of Tokyo Metropolitan Television
Oldest history among Japan's five super general contractors
Focuses on environmental technology, enhancing presence through joint ventures with green building materials companies

Future Outlook

Growth Drivers

Expansion of infrastructure aging countermeasure demand domestically and internationally
Increase in infrastructure development investments in overseas markets
Promotion of digital technology and automated construction
Demand related to decarbonization and sustainability
Increase in architectural demand from urban redevelopment
Social expectations for safety and quality management
Strengthening response capabilities to diversifying customer needs
Improved construction efficiency through new technology development
Increase in public-private partnership projects
Improvement in global JV formation capabilities
Expansion in resort and housing development fields
Organizational strengthening through talent development

Strategic Goals

Market share expansion domestically and internationally
Achievement of CO2 emission reduction targets and advancement of environmental technology
Full implementation of construction automation and digitalization
Establishment of organizational structure where diverse talent thrives
Expansion and diversification of new business revenue
Provision of sustainable social infrastructure
Increase in overseas JV project numbers
Continuous achievement of highest safety standards
Strengthening coexistence with local communities and social responsibility
Maintenance of resilient management base and improved capital efficiency

Business Segments

Infrastructure Construction

Overview

Undertakes various construction works for social infrastructure from public to private sectors.

Competitiveness

Lump-sum construction capability for large projects and high seismic design

Customers

Ministry of Land, Infrastructure, Transport and Tourism
Local governments
Railway companies
Port authorities
Power generation companies

Products

Dam construction
Tunnel construction
Road and bridge works
Railway-related facilities
Power plant construction

Urban Redevelopment and Building Construction

Overview

Engages in diverse architectural projects such as high-rise buildings and complex facilities in urban areas.

Competitiveness

Advanced technology from technical research institute and quality control

Customers

Real estate developers
Commercial facility operators
Government agencies
Private companies
Condominium management associations

Products

Building construction
Complex facility development
Condominium construction
Preservation and restoration works
Commercial facility construction

Environment and Energy-Related Business

Overview

Implements construction and operation of technologies and facilities to reduce environmental impact.

Competitiveness

In-house development of CO2 reduction and recycling technologies

Customers

Electric power companies
Environmental agencies
Private energy companies
Local governments
Overseas government agencies

Products

Eco-building materials development
Renewable energy facilities
Energy-saving building systems
CO2 reduction technology
Environmental consulting

Construction Materials Procurement and Leasing

Overview

Specializes in procurement and supply of materials and machinery for sites.

Competitiveness

Extensive materials supply network

Customers

Construction sites
Other general contractors
Local government construction departments
Major real estate companies
Logistics companies

Products

Construction scaffolding leasing
Architectural tools sales
Temporary materials procurement
Construction machinery sales
Materials management systems

Digital Solutions and Automation

Overview

Provides IT technologies to support efficiency and safety in the construction industry.

Competitiveness

In-house developed innovative digital technologies

Customers

Construction companies
Design offices
Local governments
Overseas JV partners
Research institutions

Products

BIM design systems
Construction management software
Automated heavy machinery systems
Remote operation technology
Safety training apps

Overseas Construction and Development

Overview

Promotes a wide range of public and private projects centered on North America, Asia, and Europe.

Competitiveness

Abundant international project experience and JV formation capabilities

Customers

Overseas governments
International development agencies
Private operators
Overseas joint venture partners
Multinational corporations

Products

Infrastructure construction
Urban development
Energy plants
Residential land development
Project management

Housing Sales and Development

Overview

Develops diverse housing in the capital region and local cities.

Competitiveness

Reliable brand power and quality control

Customers

Home buyers
Condominium management associations
Local administrations
Housing-related companies
Asset management companies

Products

For-sale condominiums
Detached houses
Residential land development
Renovation services
Real estate management

Resort and Hotel Operations

Overview

Operates hot spring resorts and luxury hotels.

Competitiveness

Long years of facility operation know-how and local collaboration

Customers

Lodging guests
Travel agencies
Tourism organizations
Corporate customers
Local governments

Products

Resort facilities
Hotel operations
Event space provision
Sanatorium operations
Tourism services

Publishing and Information Services

Overview

Disseminates specialized information to the construction industry.

Competitiveness

Top-class information gathering capabilities in the industry

Customers

Construction engineers
Corporate PR
Industry associations
Related companies
General readers

Products

Architectural technology books
Industry magazine publishing
Online information provision
Technical document creation
Event planning

Insurance and Risk Management

Overview

Provides risk management services specialized in construction.

Competitiveness

Responsive capabilities from experienced specialist teams

Customers

Construction projects
Subcontractors
Public works
Major companies
Asset managers

Products

Construction works insurance
Risk consulting
Safety training programs
Accident investigations
Labor management support

Greening and Environmental Conservation

Overview

Promotes sustainable greening and environmental improvement.

Competitiveness

Advanced technology and abundant track record

Customers

Public organizations
Private operators
Local residents
Environmental protection groups
Urban planners

Products

Greening projects
Park development
Environmental consulting
Environmental surveys
Biodiversity protection

Competitive Advantage

Strengths

Superior seismic technology and construction quality
Comprehensive strength as a super general contractor
Abundant domestic and international project experience
Powerful technical research institute and development capabilities
Coverage of wide business fields
Solid financial base
Advanced safety management systems
Strength of domestic and international networks
Solid brand image
対応 to advanced IT and automation technologies
Environmentally considerate architecture technology
対応 capabilities to diverse customer segments
Long-term business strategy formulation
High-level employee training and talent development
Abundant public-private partnership track record

Competitive Advantages

Leading seismic architecture technology among super general contractors
Expansion power in overseas business through international JVs
In-house construction methods and environmental technology development
Diversified business expansion as a comprehensive constructor
Innovation support from advanced technical research institute
Domestic largest-class construction capacity and track record
Lump-sum contracting power for large-scale projects
Collaboration across group companies in multiple fields
Advanced implementation of environmentally considerate design
Investment capacity from strong financial constitution
Pioneering introduction of IT and automated construction technologies
Flexible体制 to meet customer needs
Solid track record in securing public projects
Superior customer retention through brand trust
Sustainable management strategy based on long-term perspective

Threats

Continued rise in construction costs and material prices
Labor shortage and wage increase risks
Impact from past legal compliance issues such as bid-rigging
Geopolitical instability in overseas markets
Construction delay risks from natural disasters
Cost increases from strengthened environmental regulations
Intensified competition from new entrants
Disadvantage from delays in digitalization対応
Economic uncertainty from COVID-19 impact
Challenges in responding to diversifying customer needs
Supply chain disruption risks
Business cycle fluctuations in the construction industry overall

Innovations

2024: Development of OPSODIS 1 compact 3D audio speaker

Overview: Jointly with University of Southampton in the UK, developed a compact speaker achieving 360-degree 3D audio.
Impact: Commercialization of new audio technology and spillover to diverse architectural applications

2023: Practical application of LACs concrete

Overview: Developed low-cost, high-flow concrete technology requiring no compaction, achieving improved construction efficiency and quality.
Impact: Realized labor-saving and cost reduction in concrete construction

2024: Development of new formwork single-tie method after 70 years

Overview: Developed innovative method improving formwork labor productivity by about 20% and introduced to market.
Impact: Contributes to shortened construction time and improved quality control

2022: Development of Roboprin automatic ink line machine

Overview: Developed fully automatic high-precision ink line technology 'Roboprin', improving construction productivity by about 2 times.
Impact: Achieved improved construction quality and reduced worker burden

2021: Practical application of tower crane remote operation system 'TawaRemo'

Overview: Introduced remote control technology to build a system enhancing safety and work efficiency.
Impact: Strengthened safety management and improved work efficiency at construction sites

2023: CO2-SUICOM technology development

Overview: Jointly with Chubu Electric Power and Denka, developed concrete material technology promoting CO2 storage and utilization.
Impact: Contribution to decarbonized society and acquisition of new markets

2023: Enhancement of AI-utilizing construction machinery automation system

Overview: Promotes machinery automation at construction sites to achieve labor-saving construction, developing systems.
Impact: Contributes to alleviating labor shortages and stabilizing construction quality

2020: Implementation of remote centralized control system

Overview: Developed centralized control system enabling simultaneous automated construction at multiple remote sites.
Impact: Realized efficient construction management and quality improvement

2024: Productization of Stela UVC air conditioning sterilization system

Overview: Developed and commercialized system using UV LED to remove bacteria and viruses in air conditioning.
Impact: Contributes to hygiene improvement in building environments

2024: Development of Smart Deck Replacement (SDR) system

Overview: Developed deck replacement method minimizing traffic impact, improving road maintenance efficiency.
Impact: Shortened traffic restriction time and reduced maintenance costs

Sustainability

Promotion of CO2 reduction technologies at construction sites
Expansion of recycled building materials usage
Promotion of environmentally considerate architectural design
Implementation of energy-saving and resource-saving design
Construction of sustainable resource circulation systems
Consideration for local environmental conservation and biodiversity
Strict management of labor safety and health
Promotion of shared value creation with local communities
Improvement of ESG ratings and enhanced disclosure
Continuous investment in environmental technology development
Employee environmental awareness education
Promotion of women's active roles and diversity respect