ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Obayashi, Maeda power up renewables operations

Japanese builders seek stable earnings to counter construction cycle

TOKYO -- Two of Japan's leading construction groups seek to grow their renewable energy business significantly in the next few years to create a stable revenue source apart from their cycle-prone core business.

Obayashi aims for a consolidated operating profit of about 2.3 billion yen ($20.4 million) from solar farms and other renewable energy projects in the year ending March 2019 -- 10 times last fiscal year's result. Maeda projects a 150% gain to roughly 1 billion yen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more