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First-corporation (1430) · RiskWorsened

Risk of Insufficient Construction Personnel and Partner Companies

First written in FY2016. 10 of 17 entries say "Worsened", first in FY2022-Q1. Latest entry: 2026-10-15.

17entries
11years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016WorsenedFY2024-Q3 – FY2026-H12016: 12017: 020172018: 020182019: 020192020: 020202021: 120212022: 220222023: 420232024: 120242025: 020252026: 82026
Same theme, other companies
Schedule Delays and Rising Labor Costs Due to a Shortage of Skilled Construction WorkersA theme 16 companies write about · 16 as a headwind · 0 as a tailwind

First-corporation moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.

The whole theme swung hardest in 2024: 8 of 11 companies on the "Worse" side.

4 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 16 companies compared. The sentences above are computed from all 16.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-15WorsenedEarnings

    「建設業界におきましては、建設投資の底堅い推移を背景に受注環境は良好に推移しているものの、人手不足の深刻化や資材価格・労務費の上昇が継続しており、依然として厳しい経営環境が続いております。」

    人手不足の深刻化と資材価格・労務費の上昇継続を、厳しい経営環境の要因として改めて明示している。
  2. FY2026WorsenedAnnual report

    「Although strong construction investment is expected to continue in the construction industry in which the group operates, the business environment remains challenging due to continued increases in labor and material costs and increasingly severe labor shortages.」

    The company again describes the worsening labor shortage related to securing construction personnel and partner companies.
  3. FY2026-H1WorsenedAnnual report

    「The construction industry in which the group operates continues to face a challenging business environment due to persistently high construction material prices, tight labor supply and demand, and the need to comply with regulations capping overtime hours.」

    The company explicitly identifies tight labor supply and demand related to securing construction capacity, and updates its assessment of the challenging environment surrounding personnel and construction systems, including measures to address the cap on overtime hours.
  4. FY2024-Q3WorsenedAnnual report

    「Although public construction investment remains firm in the construction industry in which the company operates, the business environment remains challenging due to soaring construction material and energy prices and rising unit labor costs.」

    The company explicitly identifies rising labor costs related to securing construction capacity and updates its assessment of the challenging environment for procuring materials and labor.
  5. FY2024-Q1RestatedAnnual report

    「In the construction industry, public investment remains firm, while soaring construction material and energy prices and emerging labor shortages continue to affect the operating environment, which the company continues to monitor.」

    The company continues to describe the challenging environment, including the materialization of labor shortages related to securing construction capacity.
  6. FY2023WorsenedAnnual report

    「In the construction industry, public investment remains firm, while soaring construction material and energy prices and emerging labor shortages continue to affect the operating environment, which the company continues to monitor.」

    The company states that labor shortages and other issues related to securing construction capacity have materialized, and updates its assessment of the challenging procurement environment surrounding personnel and partner companies.
  7. FY2023-Q3WorsenedAnnual report

    「In the construction industry, public investment remains firm due to measures for disaster prevention and mitigation and accelerated national resilience measures, while soaring construction material prices and labor shortages have become apparent. The company continues to monitor the impact on the operating environment.」

    The company states that labor shortages and other issues related to securing construction capacity have materialized, and updates its assessment of the challenging environment surrounding personnel and construction systems.
  8. FY2023-Q2RestatedAnnual report

    「In the construction industry, public construction investment remains firm, including government investment under the National Resilience Plan, but the company continues to monitor the impact on the operating environment due in part to soaring construction material prices.」

    We continue to monitor the challenging conditions in the construction industry related to securing construction capacity.
  9. FY2023-Q1RestatedAnnual report

    「However, the industry environment remained challenging, with concerns about soaring material prices and insufficient labor supply and demand continuing.」

    Concerns about insufficient labor supply continue in relation to securing the labor needed to expand construction capacity.
  10. FY2022RestatedAnnual report

    「To address the increase in the number of construction sites and further improve construction capacity, securing talented personnel for construction sites and expanding and securing partner companies are essential.」

    We continue to identify securing the personnel and partner companies needed to expand construction capacity as a challenge.
  11. FY2022-Q1WorsenedAnnual report

    「However, the spread of COVID-19 has made issues such as material procurement difficulties and concerns about insufficient labor supply major challenges.」

    Concerns about the procurement of construction materials and insufficient labor supply are identified as major challenges.
  12. FY2016First statedAnnual report

    「The Company is actively recruiting personnel to expand its business and achieve the targets in its medium-term management plan. In particular, securing talented construction-site personnel and expanding and retaining its network of partner companies are essential to accommodate the increase in construction sites and further improve construction capacity.」

    The Company recognizes the risk that it may be unable to secure the personnel and partner companies required to support the number of construction sites needed to achieve its medium-term plan.
Moved together

"Risk of Demand Fluctuations in the Condominium Construction Market" moved the same way as this thread, in the same document, in 9 of its 17 moves.

998732★123456
  1. ★This thread
  2. 1Risk of Demand Fluctuations in the Condominium Construction Market9×
  3. 2Inventory and Real Estate Risk Associated with the Land-Sourced Contracting Model9×
  4. 3Longer Pre-Financing Periods and Changes in Funding Conditions8×
  5. 4Risk of Rising Construction Material Prices and Labor Costs7×
  6. 5Credit Risk Relating to Clients, Joint-Venture Construction Companies and Partner Companies3×
  7. 6Sustained Growth Under the Medium-Term Management Plan “Innovation2016”2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for First-corporation yet. It last moved in the Earnings of 2026-10-15: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risk of Insufficient Construction Personnel and Partner Companies | First-corporation Inc. (1430) | Komori