Management and Organizational Reforms

Kajima makes ongoing reforms to its management and organizational structure in response to changes in the business environment. The reforms outlined below, made from a medium- to long-term perspective, have been designed to increase management and operational efficiency, enhance competitiveness, and improve profitability.

The aims of the reforms to the corporate management structure are to (1) enhance decision-making and supervisory functions, and (2) guarantee a system where executives are able to focus on the execution of their respective assignments.

The Articles of Incorporation has been revised so that the authorized number of Directors is reduced from "55 or less" to "20 or less." The term of office for any Director will remain unchanged for two years.

Executive Officers are to be elected by the Board and held responsible for the execution of their specific business aspects or departments/divisions. The term of office for Executive Officers is one year. Some Directors may concurrently hold Executive Officer positions.

A Management Committee and Joint Committee of Directors and Executive Officers have been installed to support the functions of the Board of Directors and the Board of Corporate Auditors. The former is responsible for the decision-making and supervision, while the latter is responsible for the execution of business assignments.

Reforms to the organizational structure are intended to (1) achieve better operating results in overseas locations, (2) reinforce Kajima's competitive position in the Tokyo metropolitan area, and (3) provide for greater efficiency of the corporate headquarters.

The former International Division has been split into an Overseas Subsidiaries Management Division and a new International Division. The former is responsible for providing instructions, guidance and support to overseas subsidiaries, while the latter will assume full responsibility for securing new contracts, executing construction, and generating profits from overseas projects handled directly by the parent.

The former Tokyo Branch has been restructured as the Tokyo Metropolitan Business Division, with two new organizations-the Tokyo Civil Engineering Branch and Tokyo Architectural Construction Branch-under its umbrella. This realignment will provide for better responsiveness to the increasing number of projects in Tokyo area.

The former Intellectual Property and License Department, Kajima Technical Research Institute and Kobori Research Complex have been consolidated into the Research and Technology Development Division to better integrate companywide R&D efforts.

The former Office of Corporate Strategy and Corporate Planning Department have been realigned as the Office of General Planning, Corporate Planning Department and Corporate Management Department. This restructuring will provide for more focused planning and coordination of Kajima Group companies.

Two general administrative divisions have been created by consolidating several support service departments. The Administration and Human Resources Division has been created from a consolidation of the General Administration Department, Legal Department, Personnel Department and Materials Procurement Department. The Center for Shared Administrative Services has been created by integrating the General Administration Department, Personnel Department, Treasury Division and IT Solution Department.

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