Risk of Securing Subcontractors and Declining Skilled Workers
First written in FY2020. 5 of 12 entries say "Restated". Latest entry: 2026-10-07.
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
81 other companies' latest entry also says "Restated".
- FY2026-H1WorsenedAnnual report
「The market environment remains challenging because of structural issues such as weaker consumer sentiment, against the backdrop of higher construction costs resulting from surging prices for materials and residential equipment, as well as shortages of skilled workers and construction management personnel.」
In addition to the existing shortage of skilled workers, the shortage of construction management personnel is explicitly identified as a structural issue, broadening the scope of the risks associated with securing human resources. - FY2025-H1RestatedAnnual report
「The renovation market in which our Group operates continued to face a challenging business environment due to persistently high construction material prices, rising labor costs, and a chronic shortage of skilled workers.」
Higher construction material prices and labor costs, together with the chronic shortage of skilled workers, continue to be identified as factors weighing on the business environment for the renovation business. - FY2024WorsenedAnnual report
「In addition to the chronic shortage of skilled construction workers, labor shortages may rapidly worsen due to the so-called “2024 problem,” as the grace period for the overtime work cap ends in March 2024.」
The potential for labor shortages to rapidly worsen because of the 2024 problem, in addition to the shortage of skilled workers, is explicitly stated, strengthening the identified risk regarding the securing of skilled workers at subcontractors. - FY2023RestatedAnnual report
「The Company selects subcontractors after investigating their financial condition, technical capabilities and any relationship with antisocial forces, and pays close attention to ensuring that its corporate philosophy is shared and that safety and quality control are thoroughly implemented through interviews and other interactions with subcontractors. However, if the Company is unable to secure subcontractors in a timely manner due to the expansion of its sales area or an increase in the number of orders in the future」
A framework is described for addressing the risk of insufficient subcontractors and a declining skilled construction workforce, including reviews of business conditions and technical capabilities, sharing corporate principles, and safety and quality management. - FY2021RestatedAnnual report
「However, if the Company is unable to secure subcontractors in a timely manner due to the expansion of its sales area or an increase in the number of orders, this could affect its business operations and results. A decline in the number of skilled workers employed by subcontractors due to population ageing and population decline could also affect the Company's business operations and results.」
The risks of a shortage of subcontractors and a decline in skilled workers accompanying the expansion of sales areas and the increase in the number of orders have been reiterated. - FY2020First statedAnnual report
「If the Company is unable to secure subcontractors in a timely manner due to the expansion of its sales area or an increase in the number of orders, this could affect its business operations and results. A decline in the number of skilled workers employed by subcontractors due to population ageing and population decline could also affect the Company's business operations and results.」
The shortage of subcontractors as sales areas and the number of orders expand, and the decline in skilled workers due to population ageing and population decline, have been identified as risks.