Decline in Government Public Investment
First written in FY2017-Q1. 4 of 9 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2019-Q2.
The whole theme swung hardest in 2020: 17 of 32 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2019-Q2RestatedAnnual report
「Although construction demand has expanded and corporate earnings have improved as both public- and private-sector investment have remained firm,」
The company states that public investment has remained firm together with private investment, continuing its previous explanation that the risk of declining public investment has eased. - FY2019-Q1RestatedAnnual report
「Although construction demand has expanded and corporate earnings have improved as both public- and private-sector investment have remained firm,」
The company states that public investment has remained firm together with private investment, continuing its previous explanation that the risk of declining public investment has eased. - FY2018MitigatedAnnual report
「Although construction demand has expanded and corporate earnings have improved as both public- and private-sector investment have remained firm,」
The previous description indicating a decline in government public investment has changed to an explanation that public- and private-sector investment, including public investment, has remained firm. - FY2018-Q3MitigatedAnnual report
「The economy has remained firm, supported by a recovery in private-sector capital investment as corporate earnings improve and by resilient public investment.」
Public investment continues to be described as resilient, indicating that the reduced risk of a decline in government public investment remains in place. - FY2018-Q2MitigatedAnnual report
「The economy has remained firm, supported by a recovery in private-sector capital investment as corporate earnings improve and by resilient public investment.」
Following the previous reference to public investment being planned above the previous year's level, this time the company describes it as remaining resilient, indicating that the risk of declining public investment has eased. - FY2018-Q1MitigatedAnnual report
「The public investment budget is planned to exceed the previous year's level,」
Whereas the previous risk indicated a decline in government public investment, this time the company states that the public investment budget is planned to exceed the previous year's level, indicating an improvement in the direction of travel. - FY2017DroppedAnnual report
「Although the construction industry in which we operate faces concerns, including higher labor costs and difficulty recruiting due to a chronic shortage of skilled construction workers, as well as a tendency for construction material prices to rise,」
The previously cited decline in government public investment is not explicitly mentioned in this explanation of the construction industry. - FY2017-Q2SoftenedAnnual report
「Although concerns remain, including trends in government public investment and higher labor rates resulting from a chronic shortage of skilled construction workers」
The previous explicit reference to a "decline in government public investment" has been softened this time to "trends in government public investment." - FY2017-Q1First statedAnnual report
「Although concerns remain, including declining government public investment and higher labor rates resulting from a chronic shortage of skilled construction workers」
The decline in government public investment was cited as one of the concerns facing the construction industry.