Kajima Explained

Kajima Corporation
Native Name:	鹿島建設株式会社
Native Name Lang:	ja
Romanized Name:	Kajima Kensetsu kabushiki gaisha
Type:	Public (K.K)
Traded As:	OSE 1812 until 2013 Nikkei 225 Component
Foundation:	Tokyo, Japan
Location:	3-1, Motoakasaka 1-chome, Minato, Tokyo 107-8388, Japan
Key People:	Morinosuke Kajima (Chairman (1957-1975)), Rokuro Ishikawa (Chairman (1983 -1993) and Honorary Chairman)
Area Served:	Worldwide
Footnotes:	^[1] ^[2] ^[3]
Revenue:	$ 15.798 billion USD (FY 2012) (¥ 1485.01 billion JPY) (FY 2012)
Net Income:	$ 249.255 million USD (FY 2012) (¥ 23.42 billion JPY) (FY 2012)

is one of the oldest and largest construction companies in Japan. Founded in 1840, the company has its headquarters in Motoakasaka, Minato, Tokyo. The company is known for its DIB-200 proposal.^[4] The company stock is traded on four leading Japanese stock exchanges and is a constituent of the Nikkei 225 stock index.^[5]

Kajima's services include design, engineering, construction, and real estate development. Kajima builds high-rise structures, railways, power plants, dams, and bridges. Its subsidiaries are located throughout Asia, Oceania, Europe, and North America. A downturn in the construction industry during the latter half of the 1990s prompted Kajima to expand its operations to the environmental sector, specifically waste treatment, water treatment, soil rehabilitation, and environmental consulting.

History

• 1840 - Iwakichi Kajima, the founder of the present-day company begins carpentry business in Edo (present day Tokyo)
• 1860 - Kajima pioneers first western-style building in Yokohama (Ei-Ichiban Kan)
• 1880 - Establishes Kajima Gumi
• 1899 - Railway construction projects begin in Korea and Taiwan
• 1923 - Great Kantō earthquake - Kajima participates in the reconstruction work
• 1930 - Incorporation of the company (issues stock, capitalized at 3 million yen)
• 1945 - Postwar reconstruction begins with Kajima's support
• 1949 - Founds Kajima Technical Research Institute (the first construction research facility in Japan)
• 1950 - Pioneers first joint venture with Morrison-Knudsen
• 1957 - Completes Japan's first nuclear reactor (Japan Atomic Energy Research Institute's Tōkai JRR-1 reactor)
• 1959 - Construction of the Tokaido Shinkansen begins
• 1961 - The company is listed on Tokyo and Osaka Stock Exchanges
• 1963 - Becomes world no. 1 in construction (total contract value)

Constructs facilities for 1964 Tokyo Olympic Games

• 1964 - Establishment of Kajima International Incorporated (KII) in Los Angeles, California, U.S.
• 1968 - Japan's first high-rise building, the Kasumigaseki Building, is completed
• 1975 - Founds PT. Waskita Kajima, as a joint venture with Waskita Karya^[6]
• 1987 - Establishment of Kajima Europe B.V. (KE) in the Netherlands
• 1988 - Establishment of Kajima Overseas Asia Pte Ltd. (KOA) in Singapore

The Seikan Tunnel, the world's longest tunnel, is completed

• 1994 - Construction of Kansai International Airport is finalized
• 1998 - Akashi Kaikyo Bridge is completed

Bought Waskita Karya's shareholding in Waskita Kajima, resulting Kajima as majority shareholder of the company. The company then renamed to Kajima Indonesia^[6]

• 2001 - The Suez Canal Bridge is completed
• 2002 - Hawaiian Dredging is acquired from Dillingham Construction.^[7]
• 2003 - Establishment of Kajima (Shanghai) Construction Co., Ltd.
• 2010 - Construction of Resorts World Sentosa in Singapore completed
• 2011 - The company completed the construction of the Dubai Metro (phase 1 and 2)^[8]
• 2017 - Purchased Australian construction company Icon Construction^[9]

Demolition technology

The Kajima Corporation developed a building demolition technique that involves using hydraulic jacks to demolish a building one floor at a time. This method is safer, and allows for a more efficient recycling process. In the Spring of 2008, the Kajima Corporation used this technique to demolish a 17-story and 20-story building, recycling 99% of the steel and concrete and 92% of the interior materials in the process.^[10]

Film backing

The Kasumigaseki Building, built by Kajima, is the main subject of the film Chōkōsō no Akebono, which was backed by Kajima.^[11]

Scandal

On March 2, 2018, the head of a division at Kajima was arrested by an investigative team from the Tokyo District Public Prosecutors Office on suspicion of having violated the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade in connection with bidding for the Chūō Shinkansen maglev line.^[12] On March 23, the Fair Trade Commission issued a criminal indictment against both the head of the division and Kajima Corporation.^[13]

External links

• Official site
• English site

Notes and References

1. Web site: Kajima Corporate Data . March 16, 2014.
2. Web site: Kajima Factbook 2013 . March 16, 2014.
3. Web site: Kajima Financial Highlights . March 16, 2014.
4. Book: Binder . Georges . Council on Tall Buildings and Urban Habitat . 2006 . 101 of the World's Tallest Buildings . 13 . images Publishing . 978-1-864-70173-9 .
5. Web site: Components:Nikkei Stock Average . . March 11, 2014.
6. Web site: About Kajima Indonesia. July 12, 2019.
7. Web site: Hawaiian Dredging sold to Japanese firm. The Honolulu Advertiser. 2016-09-18.
8. Web site: Company History . March 16, 2014.
9. https://www.kajima.co.jp/english/tech/overseas/global_network/ka/index.html Kajima Australia
10. News: Kajima Demolition Tech . Popular Science . December 2008 . 2008-11-18.
11. http://search.japantimes.co.jp/cgi-bin/ff20081114a4.html Airplane flick tells only half the story
12. News: Former executive of Taisei Corporation and division chief of Kajima Corporation arrested: suspicious bidding for maglev line. Asahi Shimbun. 2018-03-02. 2019-12-03.
13. News: Chūō Shinkansen maglev line, 4 companies and 2 individuals indicted for anti-monopoly violations: a first for a privately financed construction project. Asahi Shimbun. 2018-03-24. 2019-12-03. https://web.archive.org/web/20180325045004/https://mainichi.jp/articles/20180324/ddm/041/040/062000c. 2018-03-25. dead.