Dependence on Partner Contractors and Lost Opportunities Due to Difficulty Securing Them
First written in FY2017-Q3. 5 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
81 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Amid concerns over a chronic labor shortage in the construction industry, failure to secure subcontractors as needed in the future could result in lost opportunities and adversely affect the Group's performance.」
It continues to state that the Group has a high degree of dependence on subcontractors and that difficulty securing them in the future could result in lost opportunities. - FY2020RestatedAnnual report
「Construction work is subject to substantial seasonal fluctuations between busy and slack periods. To avoid deterioration in earnings during slack periods, the Group actively uses subcontractors (outsourced service providers) to operate the business efficiently, resulting in a high degree of dependence on subcontractors in its operations.」
It continues to state that subcontractors are actively used to address seasonal fluctuations, resulting in a high degree of dependence on them. - FY2019RestatedAnnual report
「The Group actively uses subcontractors (outsourced service providers) to operate the business efficiently, resulting in a high degree of dependence on subcontractors in its operations.」
It continues to state that subcontractors are actively used to address seasonal fluctuations, resulting in a high degree of dependence on them. - FY2018RestatedAnnual report
「Construction work is subject to substantial seasonal fluctuations between busy and slack periods. To avoid deterioration in earnings during slack periods, the Group actively uses subcontractors (outsourced service providers) to operate the business efficiently, resulting in a high degree of dependence on subcontractors in its operations.」
It continues to explain that subcontractors are actively used to address seasonal fluctuations, resulting in a high degree of dependence on them. - FY2017RestatedAnnual report
「Construction work is subject to substantial seasonal fluctuations between busy and slack periods. To avoid deterioration in earnings during slack periods, we actively use subcontractors (outsourced service providers) to operate the business efficiently, resulting in a high degree of dependence on subcontractors in our operations.」
It continues to explain that subcontractors are actively used to address seasonal fluctuations, resulting in a high degree of dependence on them. - FY2017-Q3First statedAnnual report
「Construction work is subject to substantial seasonal fluctuations between busy and slow periods. To avoid deterioration in profitability during slow periods, our company actively uses partner contractors (subcontractors) to operate the business efficiently, resulting in a high degree of dependence on partner contractors. Although many alternative contractors operate in the construction industry and there is currently no difficulty securing partner contractors, the construction industry is facing concerns over a chronic shortage of personnel. If we are unable to secure the subcontractors required in the future, the resulting loss of opportunities could adversely affect the performance of our group.」
It explicitly states for the first time that the Group has a high degree of dependence because it actively uses subcontractors, and that failure to secure them in the future could result in lost opportunities. It states that there is currently no difficulty securing them.