Construction Delays Due to Difficulty Securing Subcontractors and Subcontractor Bankruptcies
First written in FY2016. 5 of 8 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-08-13.
Lib Work moved to the "Worse" side of this theme in 2017, 8 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- 2026-08-13MaterialisedEarnings presentation
「The naphtha supply chain deteriorated. Building-material manufacturers adjusted production, raised prices and stopped accepting orders.」
The company described specific events associated with risks involving external suppliers: production adjustments, price increases and order suspensions by building-material manufacturers. - FY2023-Q3WorsenedAnnual report
「Guarantees for mortgage borrowers 318,717 thousand yen 650,606 thousand yen Total 318,717 650,606」
The outstanding balance of guarantees for bridge loans pending execution of housing mortgages increased from ¥318,717 thousand at the end of the previous consolidated fiscal year to ¥650,606 thousand, expanding guarantee exposure. - FY2021-Q1MaterialisedAnnual report
「Amid these difficult business conditions, we also experienced delays in construction starts and deliveries due to the spread of COVID-19. As a result, both revenue and profit fell below the same quarter of the previous year, as initially expected, but」
The company states that delays in construction starts and deliveries due to the spread of COVID-19 actually occurred during the quarter, and that revenue and profit fell below the same quarter of the previous year as initially expected. - FY2020MaterialisedAnnual report
「As a result, housing starts remained weak. According to figures released by the Ministry of Land, Infrastructure, Transport and Tourism, nationwide housing starts for owner-occupied homes from July 2019 through June 2020 totaled 269,043 units, down 8.7% year on year. In Kyushu, the company's primary sales region, the figure was 30,282 units, down 11.8% year on year.」
The spread of COVID-19 caused construction-start delays and postponed deliveries, while restrictions on business activity resulting from requests to refrain from going out also actually occurred. The risk of delays involving external supply and construction capacity has become more concrete. - FY2020-Q3MaterialisedAnnual report
「In addition, the global spread of COVID-19 had a major impact on the housing industry, including delays in the supply of components from partner companies.」
The company states that delays in the supply of components from partner companies actually occurred as COVID-19 spread. The risk of construction and supply delays attributable to external suppliers has become concrete. - FY2017RestatedAnnual report
「If, as we expand our operating regions and increase the number of orders, we are unable to secure subcontractors in a timely manner, or if construction delays and other issues arise due to the need to coordinate with alternative contractors following the bankruptcy of a subcontractor, this could affect our business results and other factors.」
The company reiterates the risks of securing subcontractors and construction delays when expanding its operating regions and order volume. - FY2017-Q2MaterialisedAnnual report
「Results for the second quarter were affected by a temporary shortage of business partners following the earthquake. However, the path to recovery is clear, and progress is generally in line with the plan.」
The company states that the temporary shortage of business partners following the earthquake actually affected second-quarter results, indicating that the risk of shortages of subcontractors and business partners has materialized. At the same time, it states that recovery is in sight. - FY2016First statedAnnual report
「If, as we expand our operating regions and increase the number of orders, we are unable to secure subcontractors in a timely manner, or if construction delays and other issues arise due to the need to coordinate with alternative contractors following the bankruptcy of a subcontractor, this could affect our business results and other factors.」
Dependence on external contractors for construction work and supply capacity during business expansion are identified as risks.