
Business Overview
Understanding the Business Environment and Initiatives in FY2022
Due to exchange rate fluctuations and rising prices, country-specific risks in some of our overseas expansion countries have become apparent, leading to instability in our overseas business environment. On the other hand, COVID-19 restrictions have eased globally, facilitating the movement of people and goods across borders. Official Development Assistance (ODA), as well as investments from Japanese and foreign private sectors, have become very active in our expansion countries, especially in India, the Philippines, and Guam.
To maintain the scale of our overseas business and achieve steady growth in line with our Mid-term Management Plan, we will systematically assess risks. We will accelerate the recruitment, training, and onboarding of diverse foreign national employees and local staff, strengthening our construction capacity and management capability visibly. Additionally, as a medium-term goal, we will expand our business into regions such as Tanzania in Africa.
Overseas COVID-19 restrictions have been eased before Japan. In fiscal 2022, our overseas order amount exceeded 130,000 million yen (including domestic and local orders), showing a significant increase compared to the previous year. Without dropping our guard, we will continue to focus on ensuring the safety of our overseas expatriate employees with vigilance.
Characteristics and Strengths of the Business
Building on the technical expertise established by our domestic division, we have accumulated excellent track records in overseas construction, earning the trust of clients, local joint venture partners, and cooperating companies. In civil engineering, our directly managed construction teams have been locally organized for each project and consistently developed transportation infrastructure such as large bridges, roads, railways, and subways in developing countries. We have contributed to international cooperation and social contributions. In building construction, our subsidiaries and local companies established in seven countries support the construction plans of leading Japanese manufacturing and transportation companies, including factories, warehouses, and offices, thus helping many outstanding Japanese companies in their local expansion. Moreover, new clients who have seen our accumulated construction track records in local areas have approached us, expanding the scope of our sales activities.
FY2023 Policies
To achieve the gradual expansion of our overseas business, which is the driving force behind our company's growth, we will work together to achieve the annual plan and budget goals set for sales and construction this year. We will harmonize our global identity, which is our corporate governance policy aiming for safety and ultimate quality in overseas fields, with localization, where each base and site operates independently and grows sustainably. We will respond appropriately and swiftly to the rapidly changing overseas business environment. We will work to enhance the education of systematically recruited Japanese and foreign employees, as well as strengthen their sense of belonging to the company. We will continue to introduce various tools, including Building Information Modeling (BIM), at the project-site level to improve productivity and promote workstyle reforms.
In addition, we will actively implement D&I activities by sharing the experiences of coexistence and mutual understanding with foreigners in overseas organizations and sharing international values with our domestic division.
Antara Koh Private Limited (acquired in March 2022) shares its independently held markets and technologies. Through collaboration with them, we are working on several acquired projects. In the future, to enhance the synergy effects of acquisitions, we will work on collaborative projects and steadily expand our business area.
Risks and Opportunities
Major Overseas Projects in FY2022

Project name |
North-South Commuter Railway Project |
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Location | Republic of the Philippines |
Client | Department of Transportation of the Republic of the Philippines (DOTr) |
Completion period |
July 2019 - Ongoing |
Overview | Elevated bridge extension of 14 km 3 elevated station buildings |

Project name |
Gerezani Road Widening Project (Phase 1 & 2) |
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Location | United Republic of Tanzania |
Client | Tanzania National Roads Agency |
Completion | January 2023 |
Overview | 1 overpass bridge (composite deck slab bridge) 1 project of bridge-related works |

Project name |
Neste Singapore Expansion Project |
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Location | Republic of Singapore |
Client | Benefactor Neste Singapore Pte Ltd Contractor EPC Technip Energies |
Completion | December 2022 |
Overview | Civil construction for a sustainable aviation fuel manufacturing plant with a site area of 252,000 m². 10 buildings, plant foundation for piping, and other civil engineering structures, green areas, and tree planting |
Topics
Award of Large Overseas Projects

Project name | Metro Manila Subway Project (Phase 1) Package CP103 |
---|---|
Client | Department of Transportation of the Republic of the Philippines |
Design | Oriental Consultants Global Joint Venture |
Construction | Sumitomo Mitsui Construction Co., Ltd. |
Contract amount | Approx. 65.7 billion yen (converted to Japanese yen) |
Construction period | 290 weeks from the start (approx. 66.7 months) |
Overview |
One project involving civil, architectural construction, and equipment for an extension of approximately 6.5 km. The project includes construction of two station buildings (Anonas Station: 253m, Camp Aguinaldo station: 277m) and a total of 11.97km of up-and-down line shield tunnel sections connecting four station buildings, with an inner diameter of 6.1m. |
Introduction of Our First Local Subsidiary President

Richard Balingit Vergara
President, SMCC Overseas Singapore
I am a civil engineer, and joined the company in 1994, accumulating diverse project history with specializations in the industrial, petrochemical, and pharmaceutical sectors. Serving as MD at SMCC Overseas Singapore since April 2022, I am dedicated to revitalizing revenue to 2008-2014 levels (S$100M) through strategies such as diversification, design and build projects, nurturing newgeneration leaders, leveraging digitization, and upholding sustainability principles.