CEO Message

MODEC Group has transitioned to a new leadership team on March 27, 2024, with new members joining as executive officers. We will continue to work diligently to meet the trust and expectations of our stakeholders and contribute broadly to society.

We have started a new Mid-term Business Plan for the next three years until 2026. Under its key message, i.e., "Explore a Sustainable Future with Innovation”, we will focus on strengthening our profitability and laying the strategic groundwork for entering new business domains. Specifically, we will challenge ourselves to decarbonize and enhance the value of FPSOs, invest in research and development for exploring new business domains, and develop human resources to expand human capital that supports these efforts, aiming for new growth.

In our long-term strategy "Vision 2034”, which looks beyond the new Mid-term Business Plan, we have defined our future state in 10 years as "A Global Leading Player Connecting Ocean and Humanity”. We will evolve ourselves further by leveraging the technical expertise and experiences cultivated in the offshore businesses and will aim to tackle the major social challenges of stable energy supply and energy transition by promoting sustainability management.

Hirohiko Miyata
Hirohiko Miyata

President & CEO