Moving the Head Office to Tokyo

オンライン カジノ 人気 スロット December 1970, the Head Office was moved from Osaka to Tokyo. The Tokyo Branch was located オンライン カジノ 人気 スロット the Tokyo Obayashi Building (completed オンライン カジノ 人気 スロット 1961 オンライン カジノ 人気 スロット Kanda-Tsukasamachi, Chiyoda-ku). The branch had been handling a large volume of business for some time. Moreover, with the locus of economic activity オンライン カジノ 人気 スロット Japan increasingly centered オンライン カジノ 人気 スロット Tokyo, the Tokyo Branch assumed still more importance as a center for the company’s national and international operations.

Under the Commercial Code, Obayashi’s main office was registered オンライン カジノ 人気 スロット Osaka. At the time, the company announced its plans to build the Osaka Obayashi Building, the first high-rise building オンライン カジノ 人気 スロット Osaka, with a height of 120 meters and 32 floors. Construction began オンライン カジノ 人気 スロット 1971. With the completion of the building オンライン カジノ 人気 スロット 1973, the Main Office was moved into the new tower, formalizing オンラインカジノ’s unique arrangement of having both a Tokyo Head Office and an Osaka Main Office.

But the winds of change pushed the Japanese economy オンライン カジノ 人気 スロット a different direction, with the transition starting around 1970. The oil crisis caused the prices of construction materials to skyrocket, significantly pushing up construction costs.

President Yoshiro Obayashi Delivers an Important Address

オンライン カジノ 人気 スロット the midst of the recession that followed the first oil crisis of 1973, President Yoshiro Obayashi delivered an important address to all employees at the beginning of 1975. Entitled “Facing our most challenging year since the war,” the address focused on the situation at the time as well as the future direction for the company. Acknowledging that company operations were reaching a breaking point, the president outlined measures to get through the immediate crisis. オンライン カジノ 人気 スロット essence, Yoshiro Obayashi was declaring a state of emergency.

オンライン カジノ 人気 スロット his address, President Yoshiro Obayashi presented guidelines for how the company would go forward. He emphasized that the construction industry was experiencing tough times, faced as it was with a national policy shift that aimed for a soft landing with stable growth after the negative growth experienced by the Japanese economy オンライン カジノ 人気 スロット 1974. オンライン カジノ 人気 スロット response to this challenging situation, オンラインカジノ’s most significant strategy was to increase the number of construction projects it took on. At the same time, the company would strive to streamline operations.

Building a Strong Reputation オンライン カジノ 人気 スロット the United States

オンライン カジノ 人気 スロット August 1979, オンラインカジノ won a contract to construct a portion of the San Francisco sewer system, a project that began オンライン カジノ 人気 スロット October of that year. This was the first public civil engineering project awarded to a Japanese contractor オンライン カジノ 人気 スロット the mainland United States.

The ground within the construction zone was soft, and severe environmental restrictions were imposed on the project. Nevertheless, the company bid on project, proposing to deploy an earth pressure balanced tunnel boring machine (EPB-TBM), the first use of this technology オンライン カジノ 人気 スロット the United States. Even though this was one of the first examples of Obayashi’s use of EPB-TBM technology, its implementation オンライン カジノ 人気 スロット the project earned high praise from ENR (Engineering News-Record), a leading U.S. construction engineering journal. The project’s success also resulted オンライン カジノ 人気 スロット Obayashi’s joining forces オンライン カジノ 人気 スロット a joint venture with another local company for construction of a different section of the same trunk sewer オンライン カジノ 人気 スロット 1981.

This success was followed by the Strawberry Tunnel オンライン カジノ 人気 スロット the city of Heber, Utah, a project commissioned by the U.S. Department of the Interior, as well as the Dolores Tunnel オンライン カジノ 人気 スロット Colorado オンライン カジノ 人気 スロット 1982. オンライン カジノ 人気 スロット 1983, the U.S. Department of Energy commissioned a shaft of the Waste Isolation Pilot Plant (WIPP) オンライン カジノ 人気 スロット New Mexico. Together with an increase オンライン カジノ 人気 スロット private sector projects オンライン カジノ 人気 スロット Los Angeles and elsewhere, these projects helped solidify Obayashi’s position オンライン カジノ 人気 スロット the continental United States.

Between the fiscal years ending オンライン カジノ 人気 スロット March 1980 and March 1982, オンラインカジノ enjoyed steady growth オンライン カジノ 人気 スロット both the number of orders received and net sales, with sharp increases オンライン カジノ 人気 スロット both income before taxes and profits.

Celebrating the Company’s 100th anniversary オンライン カジノ 人気 スロット the Midst of an Economic Bubble

Following the second oil crisis, the Japanese economy slipped into recession オンライン カジノ 人気 スロット early 1980, The economy bottomed out オンライン カジノ 人気 スロット February 1983, and then entered a period of gradual recovery. At three years オンライン カジノ 人気 スロット duration, this was the longest postwar recession オンライン カジノ 人気 スロット Japan up to that point. Despite the recovery, however, demand for construction services remained flat. This construction industry recession was due to a slump オンライン カジノ 人気 スロット public sector spending and a levelling-off of private sector capital investment. Lean times for the construction industry came to an end オンライン カジノ 人気 スロット 1986 with the arrival of a major economic boom known as the bubble economy. The losses of the preceding three years were erased, with a rapid increase オンライン カジノ 人気 スロット demand for construction from 1987 onward. A two-year construction boom started オンライン カジノ 人気 スロット 1989.

オンライン カジノ 人気 スロット June 1989, Yoshiro Obayashi, who had served as president for over 45 years since 1943, was appointed chairman, and Takao Tsumuro followed オンライン カジノ 人気 スロット his footsteps as the company’s fourth president. The new Obayashi Philosophy was rolled out オンライン カジノ 人気 スロット April 1990 as an expression to both its employees and to the world of the company’s passion and outlook as the twenty-first century approached. This philosophy found its clearest expression オンライン カジノ 人気 スロット Obayashi’s declaration that it is “a company that respects humanity” by creating spatial value オンライン カジノ 人気 スロット the built environment. The company introduced a new corporate symbol, colors, and logo to stand as tangible expressions of the spirit of this declaration. A long-term management vision, “Obayashi Renaissance 111,” was formulated オンライン カジノ 人気 スロット April 1991, the 100th anniversary of the company’s founding. This vision affirmed the company’s intention to become a leader オンライン カジノ 人気 スロット the new century. The goal of “Obayashi Renaissance 111” was for the company to become the premier company for its customers, its employees, and for society at large by the time Obayashi marked its 111th anniversary.

However, profound changes were taking place オンライン カジノ 人気 スロット Japan’s economy and society オンライン カジノ 人気 スロット the last decade of the twentieth century, changes that reflected global trends. The Cold War had come to an end amidst growing concerns about the environment. At the same time, the world witnessed an explosion オンライン カジノ 人気 スロット information and communications technologies. オンライン カジノ 人気 スロット Japan, a complete reversal of fortune followed the collapse of the bubble economy. Japan entered the new century with a declining birthrate and aging population against the backdrop of globalization that required some kind of breakthrough to sustain new growth. Unfortunately, however, that breakthrough never happened and the country plunged into what became known as the “Heisei recession,” named for the imperial era オンライン カジノ 人気 スロット which the recession unfolded.