Kumagai Gumi Co., Ltd. (株式会社熊谷組, Kabushiki-gaisha Kumagai Gumi) is a Japanese construction company founded in Fukui, Fukui Prefecture, Japan. The company still has registered headquarters in Fukui, but the actual head office is located in Shinjuku, Tokyo.
Native name | 株式会社熊谷組 |
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Company type | Public (K.K) |
TYO: 1861 | |
ISIN | JP3266800006 |
Industry | Construction Engineering |
Founded | (January 1898, 01Fukui, Japan | ) in
Founder | Santaro Kumagai |
Headquarters | Shinjuku-ku, Tokyo 162-8557 , Japan |
Area served | Worldwide |
Key people | Yasushi Higuchi (President) |
Products |
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Services |
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Revenue | JPY 344.7 billion (FY 2016) (US$ 3.07 billion) (FY 2016) |
JPY 16.4 billion (FY 2016) (US$ 146 million) (FY 2016) | |
Number of employees | 3,798 (as of March 31, 2016) |
Website | Official website |
Footnotes / references [1][2] |
Santaro Kumagai, the company's founder, began his career as a civil servant in a police department. His construction career started as a stonemason, crafting religious monuments and performing work for the expanding railway network.[3]
Kumagai founded his own company in 1898 and incorporated it in 1938. Between 1955 and 1983 the company accounted for more than 10% of all contracts awarded to the fifty-seven members of the Overseas Construction Association of Japan, a figure that outranked the ‘Big Five’ domestic giant construction companies.[4] As overseas projects were riskier, these five companies were reluctant to expand beyond Japan. Kumagai Gumi took advantage of the situation and sought work overseas, as both as a construction company and a developer, using BOT as project financing, becoming one of the leading proponents of BOT in Southeast Asia. By 1985 overseas earnings amounted to 46% of Kumagai's total contracts.[5]
In the 1980s the company became the largest Japanese real estate investor in New York City,[6] investing in projects in Manhattan, including in projects developed by William Zeckendorf Jr.[7]