Expansion of orders, primarily from the government and expressway companies

「With construction orders placed by expressway companies remaining sluggish, the company focused on securing government-ordered projects, which resulted in increased government orders. However, orders from local governments and expressway companies fell below the previous fiscal year, causing orders received to decline by ¥2,178 million, or 2.7%, to ¥80,004 million. As orders received were below revenue, the order backlog declined by ¥9,200 million, or 11.3%, to ¥72,498 million.」

「Following the first quarter, orders from the government grew steadily, while orders from expressway companies, which had been weak in the first quarter, recovered. As a result, orders received increased by ¥2,058 million, or 4.9%, year on year to ¥43,908 million. As orders received exceeded revenue, the order backlog increased by ¥1,044 million from the end of the previous fiscal year, but declined by ¥3,753 million, or 4.3%, year on year to ¥82,743 million.」

「Orders from expressway companies remained sluggish throughout the fiscal year because of lower construction orders placed by those companies, while orders from the government also fell below the previous year. As a result, orders received declined by ¥19,142 million, or 18.9%, from the previous fiscal year to ¥82,182 million. As orders received were below revenue, the order backlog declined by ¥8,529 million, or 9.5%, from the previous fiscal year to ¥81,698 million.」

「The number of large projects worth more than ¥1 billion received from expressway companies declined from 8 in the same period of the previous year to 6, and orders from the government also fell below the year-earlier level. As a result, orders received declined by ¥8,353 million, or 16.6%, year on year to ¥41,849 million.」

「Orders received increased by ¥23,379 million, or 30.0%, year on year to ¥101,324 million, as orders for large projects from expressway companies remained solid throughout the fiscal year and orders from the government and local governments also exceeded the previous year.」

「In addition to receiving 16 large projects worth at least ¥1 billion during the third quarter cumulative period, mainly from East Nippon Expressway Company Limited, the company secured substantially more construction orders than in the previous year from the government and local governments. Orders received increased by ¥23,702 million, or 39.8%, year on year to ¥83,284 million. Following strong third-quarter orders, the order backlog increased substantially from the end of the second quarter and rose by ¥13,733 million, or 17.4%, year on year to ¥92,828 million. Of this amount, ¥72,315 million, or 77.9% of the order backlog, was from expressway companies, and long-term large projects contributing to construction revenue over multiple years continued to increase steadily.」

「In addition to receiving 8 large projects worth at least ¥1 billion, mainly from East Nippon Expressway Company Limited, the company benefited from government orders substantially exceeding the previous year and solid orders from local governments in the Kinki region. Orders received therefore increased by ¥13,357 million, or 36.3%, year on year to ¥50,202 million. As orders received were well above revenue, the order backlog increased by ¥7,502 million from the end of the previous fiscal year and by ¥3,099 million, or 3.9%, year on year to ¥81,825 million. Expressway companies accounted for 79.8% of the order backlog, and the company continued to steadily accumulate construction in hand that will contribute to construction revenue from the next fiscal year onward.」

「Orders received increased by ¥1,737 million, or 9.5%, year on year to ¥20,061 million, as orders from East Nippon Expressway Company Limited grew steadily and orders from the government and local governments in western Japan substantially exceeded the previous year.」

「Orders received declined by ¥18,119 million, or 18.9%, year on year to ¥77,945 million because of the sharp decline in orders for large projects from expressway companies. The order backlog at the end of the fiscal year was ¥74,323 million, down ¥5,978 million, or 7.4%, from the previous fiscal year.」

「Although orders from the government and local governments increased, orders for long-term large projects from expressway companies continued to decline in the third quarter, following the first and second quarters. Orders received therefore declined by ¥19,172 million, or 24.3%, year on year to ¥59,582 million. The order backlog declined by ¥1,206 million from the end of the previous fiscal year and by ¥3,267 million, or 4.0%, year on year to ¥79,095 million.」

「Although orders from the government and local governments increased, orders for large projects from expressway companies declined sharply in the second quarter, as in the first quarter. Orders received therefore declined by ¥16,108 million, or 30.4%, year on year to ¥36,845 million. The order backlog decreased by ¥1,576 million from the end of the previous fiscal year because orders received were below revenue, and declined by ¥35 million, or 0.0%, year on year to ¥78,725 million, although it remained at a high level.」

「The value of large projects received from expressway companies declined sharply from ¥20,522 million to ¥10,495 million. As a result, quarterly orders received declined by ¥10,763 million, or 37.0%, from the record high recorded in the first quarter of the previous fiscal year to ¥18,323 million. As orders received were approximately equal to revenue, the order backlog increased by ¥35 million from the end of the previous fiscal year and by ¥4,725 million, or 6.2%, year on year to ¥80,337 million, remaining at a high level.」

「Orders received increased significantly as orders for large projects from expressway companies' large-scale renewal and repair businesses rose sharply, increasing by ¥21,516 million, or 28.9%, year on year to ¥96,065 million. The order backlog increased by ¥14,871 million, or 22.7%, from the end of the previous fiscal year to ¥80,301 million, and expressway companies' share of the order backlog rose from 75% in the previous fiscal year to 85%.」

「During the third quarter cumulative period, the company received 18 long-term large projects worth more than ¥1 billion from expressway companies, totaling ¥34,817 million. As a result, orders received increased by ¥18,173 million, or 30.0%, year on year to ¥78,754 million. As orders received exceeded revenue in the third quarter as well, the order backlog increased by a further ¥3,601 million from the end of the second quarter and by ¥12,681 million, or 18.2%, year on year to ¥82,362 million.」

「Following the first quarter, the company also received multiple long-term large projects worth more than ¥1 billion from expressway companies in the second quarter. Orders received increased by ¥14,662 million, or 38.3%, year on year to ¥52,953 million. As orders received again exceeded revenue, the order backlog increased by a further ¥13,330 million from the end of the previous fiscal year and by ¥9,525 million, or 13.8%, year on year to ¥78,761 million.」

「Orders received increased by ¥10,585 million, or 57.2%, year on year to ¥29,086 million as the company received multiple large projects worth more than ¥1 billion from expressway companies. Revenue increased by ¥350 million, or 1.9%, year on year to ¥18,904 million, a record first-quarter level, as construction on long-term large projects progressed steadily. The order backlog also increased by a further ¥10,181 million from the end of the previous fiscal year and by ¥4,718 million, or 6.7%, year on year to ¥75,611 million, as orders received were secured well above revenue.」

「Orders received declined by ¥9,887 million, or 11.7%, year on year to ¥74,548 million, partly reflecting the reaction to the large projects worth more than ¥7 billion received in the previous fiscal year. Revenue increased by ¥12,474 million, or 18.5%, year on year to ¥80,065 million as the company established an internal structure to handle large projects ordered by expressway companies and worked to level construction revenue over the year. The order backlog declined by ¥5,516 million, or 7.8%, year on year to ¥65,430 million because of the high level of revenue recorded.」

「During the third quarter cumulative period from 1 July 2020 to 31 March 2021, orders received declined by ¥6,143 million, or 9.2%, year on year to ¥60,581 million, partly reflecting the reaction to the large projects worth more than ¥7 billion received in the previous fiscal year. Revenue increased by ¥11,869 million, or 23.8%, year on year to ¥61,847 million as construction on the extensive projects in hand progressed generally steadily. The order backlog declined by ¥1,266 million from the end of the previous fiscal year and by ¥1,167 million, or 1.6%, year on year to ¥69,680 million, as the high level of revenue continued.」

「Orders received declined 33.9% in the first quarter because of the reaction to the record quarterly order intake in the first quarter of the previous year, which included a large project received from Hanshin Expressway Company Limited. However, solid orders from expressway companies accumulated in the second quarter, resulting in orders received of ¥38,290 million, down ¥4,294 million, or 10.1%, year on year. The order backlog declined by ¥1,711 million from the end of the previous fiscal year because of the high level of revenue recorded in the first half, but increased by ¥3,419 million, or 5.2%, year on year to ¥69,235 million.」

「Orders received declined by ¥9,508 million, or 33.9%, year on year to ¥18,500 million, reflecting the reaction to the record quarterly order intake in the first quarter of the previous year, which included a large project received from Hanshin Expressway Company Limited. The order backlog declined by ¥53 million from the end of the previous fiscal year, but increased by ¥2,002 million, or 2.9%, year on year to ¥70,893 million, remaining at a high level.」

「In addition to large projects under expressway companies' large-scale renewal and repair program, known as the Expressway Renewal Project, orders from the government and local governments also remained strong. Orders received increased by ¥10,055 million, or 13.5%, year on year to ¥84,436 million. As orders received exceeded revenue, the order backlog increased by ¥16,845 million, or 31.1%, year on year to ¥70,947 million.」

「In addition to receiving multiple large projects worth more than ¥1 billion from expressway companies in the third quarter, orders from the Ministry of Land, Infrastructure, Transport and Tourism remained solid. As a result, orders received increased by ¥8,279 million, or 14.2%, year on year to ¥66,724 million. As strong orders exceeded revenue, the order backlog increased by ¥18,149 million, or 34.4%, year on year to ¥70,848 million.」

「Orders received reached a quarterly record in the first quarter, and orders from the Ministry of Land, Infrastructure, Transport and Tourism and local governments remained solid in the second quarter. As a result, orders received increased by ¥3,698 million, or 9.5%, year on year to ¥42,585 million. The order backlog increased by a further ¥11,714 million from the end of the previous consolidated fiscal year, rising by ¥16,018 million, or 32.2%, year on year to ¥65,815 million.」

「In addition to receiving a ¥7.3 billion large construction project from Hanshin Expressway Company Limited, the company continued to receive strong orders from expressway companies. Quarterly orders received reached a record high, increasing by ¥11,899 million, or 73.9%, year on year to ¥28,009 million. The order backlog increased by a further ¥25,451 million from the end of the previous consolidated fiscal year, rising sharply by 58.6% year on year to ¥68,891 million.」

「Orders received rose 10.5% year on year to ¥58,444 million as orders for large projects from local governments and expressway companies remained strong. Revenue increased 2.9% year on year to ¥46,291 million as the extensive construction backlog progressed steadily. As orders received during the period exceeded revenue, the order backlog increased 30.8% year on year to ¥52,698 million.」

「Orders received declined in the first quarter because of the reaction to the large project received from Metropolitan Expressway Company Limited in the first quarter of the previous year. However, the company received two large projects worth approximately ¥10 billion in total from Central Nippon Expressway Company Limited in the second quarter, resulting in orders received of ¥38,887 million, up 8.9% year on year. The order backlog also accumulated steadily as large projects from expressway companies continued to be received, rising 23.8% year on year to ¥49,797 million.」

「Orders received totaled ¥1,609 million, down 14.5% year on year, reflecting the reaction to a large project received from Metropolitan Expressway Company Limited in the first quarter of the previous year. However, orders received exceeded revenue, so the order backlog continued to build steadily, increasing by a further ¥289.4 million from the end of the previous consolidated fiscal year and rising 11.7% year on year to ¥4,343.9 million.」

「During the third quarter cumulative period from 1 July 2017 to 31 March 2018, the Group continued to receive more orders from expressway companies. Orders received totaled ¥5,287.9 million, up ¥416.6 million year on year. The order backlog increased by ¥680.6 million year on year and by ¥791.1 million from the beginning of the fiscal year to ¥4,027.9 million. Expressway companies' share of the order backlog rose to approximately 60%.」

「During the second quarter cumulative period from 1 July 2017 to 31 December 2017, the Group started with construction in hand of ¥3,236.8 million, up ¥728.6 million year on year. Orders received during the period were also solid, totaling ¥3,571.5 million, up ¥337.0 million year on year, while the order backlog reached ¥4,023.3 million, up ¥809.8 million year on year. Orders from expressway companies remained strong, and the Group is undertaking large-scale renewal projects, including bridge deck replacement projects, in addition to large-scale repair projects. Expressway companies accounted for 41.5% of orders received, and their share of the construction order backlog at the end of the interim period rose to 53.9%.」

「In addition to their traditional repair businesses involving the maintenance, repair, disaster recovery and other management of expressways, expressway companies are moving into full-scale implementation of large-scale renewal and repair projects, also known as renewal projects, required to ensure long-term safety. Overall construction contract volumes are increasing. The company has also been receiving more large orders from the government and expressway companies, including Metropolitan Expressway Company Limited, and received more than 30 large construction projects, each with an order value of at least ¥100 million, during the first quarter cumulative period. As orders received exceeded revenue, the order backlog increased further to ¥3,889.7 million at the end of the first quarter, up 20.2% from the beginning of the fiscal year.」

「Orders received from the government, local governments and expressway companies all exceeded the previous year, rising 13.1% year on year to ¥6,053.6 million. Revenue increased 1.8% year on year to ¥5,325.0 million. The order backlog carried forward to the next period was secured at ¥3,236.8 million, up 29.1% year on year.」

「As orders from the government, local governments and expressway companies remained strong, orders received rose 19.2% year on year to ¥4,871 million.」

「As orders from the government and expressway companies increased, orders received rose 23.2% year on year to ¥3,234 million.」

「As orders from the government and expressway companies increased, orders received rose 26.7% year on year to ¥1,611 million.」