Market risks from public-sector spending cuts and dependence on public works
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 9 of 40 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Most of our Group's business depends on public works ordered by the national government, local governments and expressway companies. Although we work to collect information on their ordering plans, if public works are cut more sharply than expected, we may be unable to secure the level of orders we are targeting, and lower sales could affect our business results.」
The company continues to disclose the risk of lower orders and sales resulting from dependence on public works and cuts in public-sector spending, and continues its response through weekly sales strategy meetings. - FY2023RestatedAnnual report
「Most of our Group's business depends on public works ordered by the national government, local governments and expressway companies. Although we work to collect information on their ordering plans, if public works are cut more sharply than expected, we may be unable to secure the level of orders we are targeting, and lower sales could affect our business results.」
The company continues to disclose the risk of lower orders and sales resulting from dependence on public works and cuts in public-sector spending, and describes its response through weekly sales strategy meetings. - FY2021First statedAnnual report
「Most of our Group's business depends on public works ordered by the national government, local governments and expressway companies. If public works are cut more sharply than expected, we may be unable to secure the level of orders we are targeting, and lower sales could affect our business results.」
The company identifies its dependence on public works and the risk of lower orders and sales resulting from cuts in public-sector spending.