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Hazama Ando (1719) · RiskRestated

Risk of contraction and intensifying competition in the construction market

First written in FY2017. 16 of 20 entries say "Restated". Latest entry: FY2025.

20entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q1 – FY2020-Q2RestatedFY2021-Q1 – FY20252017: 320172018: 420182019: 420192020: 420202021: 320212022: 120222023: 020232024: 020242025: 12025
Same theme, other companies
Intensifying competition against the backdrop of contraction in Japan's domestic construction marketA theme 15 companies write about · 15 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2024: 4 of 10 companies on the "Worse" side.

8 other companies' latest entry also says "Restated".

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 15 companies compared. The sentences above are computed from all 15.
Full recordFilings, disclosures and news, newest first
  1. FY2025RestatedAnnual report

    「If the construction market contracts more than expected or competition intensifies, this could affect business performance and other results.」

    Continues to identify an unexpectedly sharp contraction in the construction market and intensifying competition as risks that could affect business performance.
  2. FY2022-Q3RestatedAnnual report

    「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    States that there have been no material changes regarding the risk of contraction and intensifying competition in the construction market.
  3. FY2022-Q1RestatedAnnual report

    「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」

    States that there have been no material changes regarding the risk of contraction and intensifying competition in the construction market.
  4. FY2021RestatedAnnual report

    「If the construction market contracts more than expected or competition intensifies, this could affect business performance and other results.」

    Continues to identify an unexpectedly sharp contraction in the construction market and intensifying competition as risks that could affect business performance.
  5. FY2021-Q3RestatedAnnual report

    「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    States that there have been no material changes regarding the risk of contraction and intensifying competition in the construction market.
  6. FY2021-Q2RestatedAnnual report

    「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

    States that there have been no material changes regarding the risk of contraction and intensifying competition in the construction market.
  7. FY2021-Q1RestatedAnnual report

    「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」

    States that there have been no material changes regarding the risk of contraction and intensifying competition in the construction market.
  8. FY2020WorsenedAnnual report

    「In the construction industry, the contraction in construction investment against a backdrop of long-term population decline and other factors, as well as work-style reform, productivity improvements and human resource development in response to the continuing decline and aging of skilled construction workers, together with stronger efforts to achieve a low-carbon and sustainable society, remain ongoing challenges.」

    In addition to the existing risks of contraction and intensifying competition in the construction market, explicitly identifies population decline, the decline and aging of the construction skilled workforce, and the transition to a low-carbon economy as ongoing structural issues.
  9. FY2020-Q3WorsenedAnnual report

    「In the construction industry, government and private-sector construction investment both remained steady, although the competitive environment is becoming increasingly challenging.」

    Regarding the existing risks of contraction and intensifying competition in the construction market, specifically states that the competitive environment is becoming more challenging.
  10. FY2020-Q2RestatedAnnual report

    「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」

    States that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  11. FY2020-Q1RestatedAnnual report

    「During the cumulative first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」

    States that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  12. FY2019RestatedAnnual report

    「If the construction market contracts more than expected or competition intensifies, this could affect business performance and other results.」

    Continues to identify an unexpectedly sharp contraction in the construction market and intensifying competition as risks that could affect business performance.
  13. FY2019-Q3RestatedAnnual report

    「There were no newly arising business or other risks during the first three quarters, and there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」

    States that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  14. FY2019-Q2RestatedAnnual report

    「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」

    States that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  15. FY2019-Q1RestatedAnnual report

    「During the cumulative first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」

    States that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  16. FY2018ReframedAnnual report

    「New construction investment will contract over the long term」

    In addition to the risk of a greater-than-expected contraction in the construction market, explicitly identifies the long-term contraction of new construction investment as a structural business-environment issue.
  17. FY2018-Q3RestatedAnnual report

    「During the third quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」

    States that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  18. FY2018-Q2RestatedAnnual report

    「During the second quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」

    States that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  19. FY2018-Q1RestatedAnnual report

    「During the first quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」

    Reconfirms, in a comprehensive statement, that there have been no new developments or material changes regarding the risk of contraction and intensifying competition in the construction market.
  20. FY2017First statedAnnual report

    「If the construction market contracts more than expected or competition intensifies, this could affect business performance and other results.」

    Explicitly identifies an unexpectedly sharp contraction in the construction market and intensifying competition as risks that could affect business performance.
Moved together

"Brexit, a slowdown in overseas economies and downside risks from yen appreciation" moved the same way as this thread, in the same document, in 3 of its 20 moves.

333222★123456
  1. ★This thread
  2. 1Brexit, a slowdown in overseas economies and downside risks from yen appreciation3×
  3. 2Lower earnings in civil engineering and significantly higher earnings in building construction3×
  4. 3Group business: higher revenue but lower profit; other businesses: higher revenue and a return to profitability3×
  5. 4Increase in private-sector construction investment and decrease in government construction investment2×
  6. 5Higher revenue and operating profit alongside lower ordinary profit and net income2×
  7. 6Sustainable Growth Through Steady Execution of the Medium-Term Management Plan2×

★ 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
Hazama Ando's next results are scheduled for 2026-11-12. Read the earnings preview
News
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