Deterioration of the Construction Business Environment Due to Material Prices, Labor Shortages and Price Competition
First written in FY2017-Q1. 20 of 39 entries say "Restated". Latest entry: 2026-08-06.
Yamaura moved to the "Worse" side of this theme in 2016, 6 years before 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".
- 2026-08-06WorsenedEarnings
「Amid continued uncertainty over the outlook for the construction industry because of structural shortages of engineers and skilled workers, foreign-exchange risks, surging raw material prices and rising labor costs」
The company lists shortages of engineers and skilled workers, foreign-exchange risks, higher raw material prices and rising labor costs as factors behind the uncertain outlook for the construction industry. - FY2026WorsenedAnnual report
「However, the environment surrounding the construction industry remains difficult because construction material prices remain high due to the surge in naphtha prices and the shortage of skilled construction workers is becoming more serious. The operating environment is expected to remain challenging because of factors including intensifying competition for orders in anticipation of large projects.」
In addition to persistently high construction material prices, labor shortages, and competition for orders, the disclosure explicitly cites surging naphtha prices and increasingly severe shortages of skilled workers, indicating that difficult operating conditions are expected to continue. - FY2026-H1WorsenedAnnual report
「In Japan's domestic construction industry, public construction investment and private-sector capital investment remain firm, but persistently high construction equipment, material, and energy prices and labor shortages have driven up labor costs and overall construction costs. Under these challenging operating conditions, it has become more difficult than before to generate operating revenue.」
While public- and private-sector investment remains firm, the disclosure explicitly cites higher construction costs and difficulty generating operating revenue due to persistently high equipment, material, and energy prices, labor shortages, and soaring labor costs. - FY2025RestatedAnnual report
「The construction industry also continues to face difficult operating conditions due to surging construction material prices, delivery delays, labor shortages, and intensifying competition for orders in anticipation of a reduction in large-scale projects.」
The disclosure continues to cite a challenging business environment centered on construction material prices, delivery times, labor shortages, and competition for orders. - FY2025-H1RestatedAnnual report
「In Japan's domestic construction industry, public construction investment and private-sector capital investment remain firm, but difficult operating conditions continue due to persistently high construction equipment, material, and energy prices and labor shortages, leaving the outlook uncertain.」
While stating that public- and private-sector investment remains firm, the disclosure continues to cite a challenging business environment due to persistently high construction equipment, material, and energy prices and labor shortages. - FY2024WorsenedAnnual report
「Although public investment and private-sector capital investment remain relatively firm in the construction industry, the outlook for future performance is difficult to forecast, and challenging order and profit outlooks are expected to continue due to surging construction material prices, delivery delays, labor shortages, and intensifying competition for orders in anticipation of a reduction in large-scale projects.」
While indicating that public- and private-sector investment remains firm, the disclosure explicitly cites surging material prices, delivery delays, labor shortages, competition for orders, intensifying competition in anticipation of a reduction in large-scale projects, and challenging order and profit outlooks. - FY2024-Q3WorsenedAnnual report
「Public- and private-sector investment in the Company's core construction business remains firm, but the business environment remains highly uncertain amid persistent competition for orders, persistently high equipment and material prices, structural and chronic labor shortages, and the impact of the overtime-work cap that will apply to the construction industry from April this year.」
While public- and private-sector investment remains firm, the impact of the overtime-work cap applicable to the construction industry is identified as a new business-environment factor, in addition to the previously cited high equipment and material prices, labor shortages, and competition for orders. - FY2024-Q2RestatedAnnual report
「Both public and private construction investment remain firm, but difficult operating conditions continue due to persistently high construction equipment, material, and energy prices and labor shortages, leaving the outlook uncertain.」
While indicating that public- and private-sector investment remains firm, the disclosure states that difficult operating conditions continue due to persistently high construction equipment, material, and energy prices and labor shortages. - FY2024-Q1RestatedAnnual report
「Although private-sector capital investment remains firm in the construction industry, difficult operating conditions continue due to surging construction material prices, delivery delays, and labor shortages.」
While indicating that private-sector capital investment remains firm, the disclosure states that difficult operating conditions continue due to surging construction material prices, delivery delays, and labor shortages. - FY2023WorsenedAnnual report
「In addition, the construction industry as a whole is expected to face increasingly challenging conditions due to structural changes in the construction market, chronic labor shortages among engineers and skilled workers, and soaring raw material costs.」
In addition to the previously cited material prices and labor shortages, structural changes in the construction market are identified, indicating that conditions in the construction industry are expected to become more challenging. - FY2023-Q3RestatedAnnual report
「Although the impact of the spread of COVID-19 on the food service and lodging industries has improved with the National Travel Assistance Program, it continues. Despite some variation among industries, the outlook for capital investment cannot be viewed optimistically, and challenging order conditions, including construction prices and project durations, continue to intensify.」
While indicating some improvement in the impact of the National Travel Assistance Program on the food service and lodging industries, the disclosure continues to cite concerns about weakening capital investment, disparities among industries, and challenging order conditions, including construction prices and project durations. - FY2023-Q2WorsenedAnnual report
「Although the impact of the spread of COVID-19 on the food service and lodging industries has begun to ease somewhat, it continues. As disparities among industries also persist, the outlook for capital investment cannot be viewed optimistically, and challenging order conditions, including construction prices and project durations, continue more severely than before.」
Although the impact of the pandemic on the food service and lodging industries is easing somewhat, concerns about weakening capital investment and challenging order conditions, including construction prices and project durations, continue more severely than before. - FY2023-Q1WorsenedAnnual report
「In the region, the impact of the spread of COVID-19 on the food service and lodging industries continues, as do disparities among industries. The outlook for capital investment cannot be viewed optimistically, and challenging order conditions, including construction prices and project durations, continue more severely than before.」
Concerns about weakening capital investment and challenging order conditions, including construction prices and project durations, continue more severely than before. - FY2022WorsenedAnnual report
「In the region, the impact of the spread of COVID-19 on the food service and lodging industries continues. Although conditions vary by industry, the outlook for capital investment cannot be viewed optimistically, and challenging order conditions, including construction prices and project durations, continue more severely than before.」
It is stated that concerns about weakening capital investment and challenging order conditions, including construction prices and project durations, have continued more severely than before. Surging equipment and material prices and delivery delays caused by supply constraints are also cited. - FY2022-Q3WorsenedAnnual report
「Under these conditions, the Group's results for the nine months ended the third quarter of the current fiscal year were solid, despite the challenging environment. However, the outlook remains uncertain due to surging equipment and material prices and delays in material and product deliveries caused by supply constraints. This applied to orders received, net sales, operating profit, ordinary profit, and quarterly net profit attributable to owners of the parent.」
In addition to concerns about weakening capital investment and challenging order conditions, including construction prices and project durations, surging equipment and material prices and delivery delays caused by supply constraints are explicitly identified. - FY2022-Q2RestatedAnnual report
「Amid concerns that economic deterioration, including the impact of COVID-19, may weaken the willingness to invest, some raw material costs have also risen, while challenging order conditions, including construction prices and project durations, continue.」
The disclosure continues to cite concerns about weakening capital investment, rising costs of some raw materials, and challenging order conditions, including construction prices and project durations. - FY2022-Q1WorsenedAnnual report
「Amid concerns that economic deterioration, including the impact of COVID-19, may weaken the willingness to invest, some raw material costs have also risen, while challenging order conditions, including construction prices and project durations, continue in the region.」
In addition to the previously cited concerns about weakening capital investment and challenging order conditions, some raw material costs have risen. - FY2021RestatedAnnual report
「Amid concerns that economic deterioration, including the impact of COVID-19, may weaken the willingness to invest, challenging order conditions, including construction prices and project durations, continue in the region.」
Concerns about weakening capital investment and challenging order conditions, including construction prices and project durations, continue. - FY2021-Q3RestatedAnnual report
「In the region, the impact of the spread of COVID-19 on the food service and lodging industries continues. Although conditions vary by industry, the outlook for capital investment cannot be viewed optimistically, and challenging order conditions, including construction prices and project durations, continue to intensify.」
The disclosure continues to cite the impact of COVID-19 on the food service and lodging industries, concerns about weakening capital investment, and challenging order conditions, including construction prices and project durations. - FY2021-Q2RestatedAnnual report
「In the region, the impact of the spread of COVID-19 on the food service and lodging industries continues. The outlook for capital investment cannot be viewed optimistically, and challenging order conditions, including construction prices and project durations, continue to intensify.」
The disclosure continues to cite the impact of COVID-19 on the food service and lodging industries, concerns about weakening capital investment, and challenging order conditions, including construction prices and project durations. - FY2021-Q1RestatedAnnual report
「Amid concerns that economic deterioration, including the impact of COVID-19, may weaken the willingness to invest, challenging order conditions, including construction prices and project durations, continue in the region.」
The disclosure continues to cite concerns that economic deterioration, including the impact of COVID-19, may weaken the willingness to invest, along with challenging order conditions, including construction prices and project durations. - FY2020WorsenedAnnual report
「Amid concerns that economic deterioration, including the impact of COVID-19, may weaken the willingness to invest, challenging order conditions, including construction prices and project durations, continue in the region.」
Concerns that economic deterioration, including the impact of COVID-19, may weaken the willingness to invest have been newly identified. Challenging order conditions, including construction prices and project durations, also continue. - FY2020-Q3RestatedAnnual report
「Although concerns remain that U.S.-China trade tensions may weaken the willingness to invest, challenging order conditions, including construction prices and project durations, continue to intensify in the region.」
While indicating concerns that U.S.-China trade tensions may weaken the willingness to invest, the disclosure states that challenging order conditions, including construction prices and project durations, continue. - FY2020-Q2RestatedAnnual report
「In the region, the sense that capital investment is weakening due to factors including U.S.-China trade tensions has become more pronounced, while challenging order conditions, including construction prices and project durations, continue to intensify.」
The weakening of capital investment against the backdrop of U.S.-China trade tensions and challenging order conditions, including construction prices and project durations, continue to be cited. - FY2020-Q1WorsenedAnnual report
「In the region, the sense that capital investment is weakening due to factors including U.S.-China trade tensions is becoming more pronounced, while challenging order conditions, including construction prices and project durations, continue to intensify.」
It is stated that the sense of weakening capital investment is becoming more pronounced against the backdrop of U.S.-China trade tensions, while challenging order conditions, including construction prices and project durations, continue to intensify. - FY2019RestatedAnnual report
「In the region, disparities in capital investment are becoming more pronounced, while challenging order conditions, including construction prices and project durations, continue to intensify.」
It is stated that challenging order conditions, including construction prices and project durations, continue. - FY2019-Q3RestatedAnnual report
「Although some companies in the region are showing a positive stance toward capital investment, challenging order conditions, including construction prices and project durations, continue to intensify in light of overseas economic developments.」
Although some companies are showing a positive stance toward capital investment, challenging order conditions, including construction prices and project durations, continue. - FY2019-Q2RestatedAnnual report
「Although some companies in the region are showing a positive stance toward capital investment, challenging order conditions, including construction prices and project durations, continue to intensify.」
Although capital investment by some companies is described as firm, challenging order conditions, including construction prices and project durations, continue. - FY2019-Q1WorsenedAnnual report
「As high raw material prices and labor shortages become increasingly pronounced, concerns remain over how long the favorable business conditions will continue. Although some companies in the region are showing a positive stance toward capital investment, order conditions remain increasingly challenging.」
It is stated that high raw material prices and labor shortages are becoming increasingly pronounced, while challenging order conditions are also continuing to worsen. - FY2018RestatedAnnual report
「In the regions forming the Company's business base, capital investment, particularly semiconductor-related investment, is showing a slight upward trend, and major projects such as the Chuo Shinkansen maglev line and the San-en Nanshin Expressway are under way, raising expectations for their economic benefits. However, there is no indication that order or profitability conditions in the construction industry will improve substantially for the time being.」
Although expectations are expressed for some capital investment and major projects, order and profitability conditions in the construction industry have not improved substantially. - FY2018-Q3RestatedAnnual report
「Although some companies in the region, particularly certain companies, are showing a positive stance toward capital investment, order conditions remain challenging.」
Although some companies are showing a positive stance toward capital investment, order conditions in the construction business remain challenging. - FY2017WorsenedAnnual report
「The environment surrounding the construction industry remains in an overall contractionary trend, except in certain areas including the Tokyo metropolitan area. There is no indication that order conditions or profitability in the construction industry will improve substantially for the time being, and depending on economic developments, competition among contractors for orders may intensify.」
In addition to the contractionary trend in the construction market and the lack of improvement in challenging order and profitability conditions, demand is expected to decline and competition to intensify over the medium to long term. - FY2018-Q1RestatedAnnual report
「Although some companies in the region have begun to show a positive stance toward capital investment, the outlook remains difficult, with overall business sentiment expected to remain sluggish.」
Although some companies are showing a positive stance toward capital investment, business sentiment is expected to remain sluggish, and the construction business environment is described as continuing to be challenging. - FY2017-Q4RestatedAnnual report
「Although some companies in the region have begun to show a positive stance toward capital investment, difficult conditions continue.」
Although some companies are showing a positive stance toward capital investment, the construction business environment in Nagano Prefecture is described as remaining challenging. - FY2017-Q3RestatedAnnual report
「According to the Bank of Japan's Matsumoto Branch, economic and financial conditions in Nagano Prefecture show that capital investment is increasing moderately, although corporate investment sentiment has become somewhat more cautious, while personal consumption remains firm despite some weakness in certain areas. In this region, however, difficult conditions continue.」
The construction business environment in Nagano Prefecture is described as continuing to be challenging. - FY2016WorsenedAnnual report
「Japan's construction market is contracting, except in certain areas including the Tokyo metropolitan area. As industry consolidation will take more time, price competition is intensifying further, making the environment surrounding the Company increasingly challenging.」
The contraction of the construction market and further intensification of price competition are explicitly stated, with the business environment described as more challenging than before. - FY2017-Q1First statedAnnual report
「Business conditions in this region continue to deteriorate. Material prices remain high, skilled-worker shortages persist, and cautious corporate capital investment and intense price competition continue.」
High material prices, labor shortages, cautious private-sector capital investment, and price competition are identified as the current business environment.