Rising construction material prices
First written in FY2017-Q3. 12 of 24 entries say "Restated". Latest entry: FY2027-H1.
Taiyo Kisokogyo moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 17 of 27 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「There are concerns that soaring construction prices in recent years could cause housing and private-sector capital investment to stagnate or decline. We face issues including soaring raw material prices and will continue to assess the situation carefully.」
Soaring construction and raw material prices are described in connection with concerns over stagnating or declining housing and private-sector capital investment and potential additional expenditures going forward, broadening the scope of the impact. - FY2026-H1RestatedAnnual report
「However, the environment surrounding the industry remains challenging, due to factors including soaring construction material prices and labor costs, shortages of construction workers, and regulations on overtime work.」
Construction material prices continue to be identified, together with soaring labor costs, shortages of construction workers and overtime-work regulations, as factors contributing to the industry's challenging environment. - FY2025WorsenedAnnual report
「The continued and significant increase in construction costs due to higher labor costs and soaring construction material prices, putting pressure on earnings and raising the issue of passing through costs within the subcontracting structure. A Nikkenren survey showed an increase of 23–27% over the most recent 48 months.」
The increase in construction costs is described with a figure of 23–27% over the most recent 48 months. - FY2025-Q1WorsenedAnnual report
「However, the company also faces many challenges, including persistently high construction material prices, a chronic shortage of workers at construction sites, and the need to comply with regulations limiting overtime work.」
Construction material prices are now described as remaining high, rather than as soaring or rising, while the difficult environment is presented together with the shortage of site workers and the response to overtime-work regulations. Quantified: false, Explicit: false. - FY2024-Q2RestatedAnnual report
「The challenging conditions continue, including soaring construction material and labor prices, shortages of construction workers and an aging workforce.」
It continues to identify soaring construction material and labor prices, alongside labor shortages and an aging workforce, as factors contributing to the challenging operating environment. - FY2024-Q1ReframedAnnual report
「However, the environment surrounding the construction industry remains challenging, due to factors including soaring construction material and labor prices, difficulty securing construction workers, and the aging of the workforce.」
The description has shifted from its previous focus on soaring construction material and fuel prices to one combining soaring construction material and labor prices with securing construction workers and the aging workforce. - FY2023-Q3RestatedAnnual report
「However, the operating environment remains challenging because of soaring construction material and fuel prices and the persistent shortage of workers at construction sites.」
It continues to describe the risk of higher costs, including soaring fuel prices in addition to soaring construction material prices. - FY2023-Q2WorsenedAnnual report
「However, the operating environment remains challenging because of soaring construction material and fuel prices and the persistent shortage of workers at construction sites.」
It explicitly adds soaring fuel prices to rising construction material prices, broadening the range of cost-increase factors. - FY2022MitigatedAnnual report
「There is a possibility that soaring construction material prices after the signing of construction contracts could adversely affect business results. As a countermeasure, we constantly survey construction material prices and, when necessary, respond by purchasing materials earlier than scheduled.」
Although the risk of soaring construction material prices remains, it continues to explicitly identify price surveys and bringing forward the timing of purchases as countermeasures. - FY2022-Q3WorsenedAnnual report
「However, soaring material prices, the postponement of private-sector construction investment due to the COVID-19 pandemic, and public-sector clients holding back on orders because of the burden of COVID-19 countermeasures have created a challenging environment, including competition for orders.」
In addition to the previous concerns over rising and soaring construction material prices, it states that soaring material prices are contributing to a challenging order environment. - FY2021MitigatedAnnual report
「There is a possibility that soaring construction material prices after the signing of construction contracts could adversely affect business results. As a countermeasure, we constantly survey construction material prices and, when necessary, respond by purchasing materials earlier than scheduled.」
While continuing to explicitly identify the risk of rising construction material prices, it specifies for the first time the countermeasures of price surveys and bringing forward the timing of purchases. - FY2020WorsenedAnnual report
「A challenging operating environment is expected, affected by factors including soaring labor costs and material procurement costs resulting from the industry's chronic labor shortage.」
The description of construction material prices has shifted from concern over price increases alone to stating that soaring material procurement costs are affecting the operating environment. - FY2020-Q1RestatedAnnual report
「However, the operating environment remains challenging, due to factors including higher construction material prices and higher labor costs resulting from labor shortages.」
It continues to identify rising construction material prices, together with higher labor costs caused by labor shortages, as risks in the operating environment. - FY2019-Q3RestatedAnnual report
「The operating environment remains challenging, with concerns including higher construction material prices and higher labor costs due to labor shortages.」
It continues to identify rising construction material prices, together with higher labor costs caused by labor shortages, as risks in the operating environment. - FY2019-Q2RestatedAnnual report
「Although the order environment remains relatively firm for both public- and private-sector construction, the operating environment remains challenging, with concerns over rising construction material prices and higher labor costs caused by labor shortages.」
It continues to identify rising construction material prices, together with higher labor costs caused by labor shortages, as risks in the operating environment. - FY2019-Q1RestatedAnnual report
「The business environment remains difficult, due in part to higher labor costs caused by rising construction-material prices and labor shortages.」
It continues to identify rising construction material prices as a risk in the operating environment. - FY2018-Q3WorsenedAnnual report
「There are concerns about factors such as expected increases in material and equipment prices and labor rates due to worker shortages toward the year-end and fiscal year-end, the peak periods for construction work.」
The previous quarter stated that the upward trend in material prices had weakened, but this time it anticipates higher material and equipment prices toward the calendar year-end and fiscal year-end. - FY2018-Q2MitigatedAnnual report
「Although the upward trend in construction material prices and labor rates has eased, competition on contract prices remains intense, and profitability continues to be under pressure.」
It states that the upward trend in construction material prices has weakened, reducing the emphasis on the risk of price increases compared with the previous disclosure. However, profitability remains under pressure from competition over contract prices. - FY2018-Q1RestatedAnnual report
「The business environment remains difficult, due in part to higher labor costs caused by rising construction-material prices and labor shortages.」
It continues to identify rising construction material prices as a risk in the operating environment. - FY2017RestatedAnnual report
「The business environment remains difficult, due in part to higher labor costs caused by rising construction-material prices and labor shortages.」
It continues to identify rising construction material prices as a risk in the operating environment. - FY2017-Q3First statedAnnual report
「The business environment remains difficult, due in part to higher labor costs caused by rising construction-material prices and labor shortages.」
For the first time, it explicitly identifies rising construction material prices, alongside higher labor costs caused by labor shortages, as a risk in the construction industry's operating environment.