Uncertainty in the Domestic Construction Market Due to Labor Shortages, Long Working Hours and Changes in Market Conditions
First written in FY2017. 19 of 22 entries say "Restated". Latest entry: FY2026.
SHO-BOND Holdings moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 6 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「If the Group is unable to secure the necessary personnel, including engineers, as planned due to the declining birthrate, intensifying competition for talent with other companies in the same industry, and increasing employee turnover, its construction management capabilities could decline and the scale of its operations could contract, potentially affecting business performance and other matters.」
The risk description has been made more specific, moving from the previous reference to market uncertainty including labor shortages and long working hours to a focus on the declining birthrate, competition for talent, increased turnover, difficulty securing personnel and declining construction management capabilities. - FY2024-Q3RestatedAnnual report
「Nothing newly arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2024-Q2RestatedAnnual report
「Nothing newly arose during the cumulative second quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2024-Q1RestatedAnnual report
「Nothing newly arose during the cumulative first quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2023RestatedAnnual report
「If construction material prices or labor rates rise sharply, or if skilled workers become scarce, higher construction costs could reduce project profitability and cause construction delays, potentially affecting business performance. The Group monitors trends in construction material prices and labor costs and works to minimize their impact on project earnings by procuring materials early and securing stable business partners.」
The Group continues to describe the risks of surging construction material prices and labor rates and shortages of skilled workers, and identifies early procurement and securing stable business partners as countermeasures. - FY2023-Q2RestatedAnnual report
「Nothing newly arose during the cumulative second quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2023-Q1RestatedAnnual report
「Nothing newly arose during the cumulative first quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2022RestatedAnnual report
「If construction material prices or labor rates rise sharply, or if skilled workers become scarce, higher construction costs could reduce project profitability and cause construction delays, potentially affecting business performance.」
The Group continues to describe the risks of lower project profitability and construction delays due to surging construction material prices and labor rates and shortages of skilled workers. - FY2022-Q1RestatedAnnual report
「Nothing newly arose during the cumulative first quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2021RestatedAnnual report
「If construction material prices or labor rates rise sharply, or if skilled workers become scarce, higher construction costs could reduce project profitability and cause construction delays, potentially affecting business performance.」
The Group continues to describe the risks of lower project profitability and construction delays due to higher construction material prices and labor rates and shortages of skilled workers. - FY2021-Q3RestatedAnnual report
「Nothing newly arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2021-Q2RestatedAnnual report
「Nothing newly arose during the cumulative second quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the domestic construction market risks related to labor shortages, long working hours, changing market conditions, construction material prices and labor rates. - FY2021-Q1RestatedAnnual report
「Nothing newly arose during the cumulative first quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2020ReframedAnnual report
「If construction material prices or labor rates rise sharply, or if skilled workers become scarce, higher construction costs could reduce project profitability and cause construction delays, potentially affecting business performance.」
The description has shifted from general market uncertainty due to labor shortages, long working hours and changing market conditions to specific risks including higher construction material prices and labor rates, shortages of skilled workers, lower project profitability and construction delays. - FY2020-Q3RestatedAnnual report
「Nothing newly arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2020-Q2RestatedAnnual report
「Nothing newly arose during the cumulative second quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2019-Q3RestatedAnnual report
「Nothing newly arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2019-Q2RestatedAnnual report
「Nothing newly arose during the cumulative second quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2019-Q1RestatedAnnual report
「Nothing newly arose during the cumulative first quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes since the previous fiscal year in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2018-Q3RestatedAnnual report
「Nothing newly arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2018-Q1RestatedAnnual report
「Nothing newly arose during the cumulative first quarter of the current consolidated fiscal year. There have also been no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
The Group states that there have been no material changes since the previous fiscal year in the uncertainty surrounding the domestic construction market due to labor shortages, long working hours and changing market conditions. - FY2017First statedAnnual report
「The outlook for the domestic construction market as a whole is expected to remain uncertain due to labor-related issues such as labor shortages and long working hours, as well as changes in market conditions following the Olympics. To achieve further growth, the Group will continue promoting the following measures.」
Labor shortages, long working hours and changing market conditions are identified for the first time as factors contributing to uncertainty in the outlook for the domestic construction market.