Komori
Santo (1788) · RiskWorsenedLatest General Meetings of Shareholders (2026-09-03): "Restated"

Labor Shortage in the Construction Industry

First written in FY2016. 18 of 32 entries say "Restated". Latest entry: 2026-09-03.

32entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q3RestatedFY2020-Q1 – FY20212016: 22017: 420172018: 320182019: 320192020: 320202021: 420212022: 320222023: 320232024: 320242025: 220252026: 22026
Same theme, other companies
Chronic difficulty securing skilled construction workersA theme 31 companies write about · 31 as a headwind · 0 as a tailwind

Santo moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).

The whole theme swung hardest in 2024: 5 of 19 companies on the "Worse" side.

13 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 31 companies compared. The sentences above are computed from all 31.
Full recordFilings, disclosures and news, newest first
  1. 2026-09-03RestatedGeneral Meetings of Shareholders

    「In the construction industry, public investment remained firm, while strong private-sector capital investment appetite supported the continuation of generally high demand. Meanwhile, amid persistent structural challenges such as continued high construction costs and labor shortages, the difficult operating environment continued.」

    Labor shortages continued to be described as a structural challenge.
  2. FY2026-H1WorsenedAnnual report

    「Capital investment by companies also remained firm, centered on labor-saving and digitalization investments to address severe labor shortages.」

    Labor shortages are described as “severe,” and labor-saving and digitalization investments are documented as measures to address them.
  3. FY2025RestatedAnnual report

    「The environment surrounding the Group remains challenging, with the aging of construction workers a serious issue and concerns about labor shortages in the future.」

    The aging of construction workers and future labor shortages continue to be documented as serious business environment issues.
  4. FY2025-H1RestatedAnnual report

    「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    It is stated that there have been no material changes to existing risks relating to labor shortages in the construction industry.
  5. FY2024WorsenedAnnual report

    「The environment surrounding the Group remains challenging, with the aging of construction workers a serious issue and concerns about labor shortages in the future.」

    The aging of construction workers and future labor shortages continue to be documented as serious business environment issues. In addition, tight labor supply and demand in the construction industry during the current fiscal year are documented.
  6. FY2024-Q3MitigatedAnnual report

    「During the cumulative third quarter under review, although concerns remain about downside risks to the economy, including inflation driven by the rapid depreciation of the yen and surging global resource prices, a gradual recovery is expected to continue ahead, supported by improvements in the employment and income environment and the effects of various policies.」

    Improvement in the employment and income environment is documented. It is not stated that the risk of labor shortages in the construction industry has disappeared.
  7. FY2024-Q2The rise in the job openings ratio coincided with a decline in the effective job openings ratio.Annual report

    「In addition, although the new job openings ratio rose for the first time in 3 months, both the effective job openings ratio and the effective job openings ratio by workplace location, which more closely reflects actual conditions, declined slightly.」

    It is stated that the new job openings ratio rose for the first time in 3 months, while the effective job openings ratio and the effective job openings ratio by workplace location declined, resulting in mixed employment indicators.
  8. FY2024-Q1Employment indicators showed mixed movements.Annual report

    「During the cumulative first quarter under review, the Japanese economy saw the new job openings ratio decline for the first time in 2 months, while both the effective job openings ratio and the effective job openings ratio by workplace location, which more closely reflects actual conditions, turned slightly higher for the first time in 4 months.」

    It is stated that the new job openings ratio declined, while the effective job openings ratio and other indicators turned higher, resulting in mixed employment indicators related to labor shortages.
  9. FY2023-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It is stated that there have been no material changes to existing risks, including labor shortages in the construction industry.
  10. FY2023-Q2MitigatedAnnual report

    「The new job openings ratio rose sharply for 2 consecutive months, the effective job openings ratio rose for 6 consecutive months, and the effective job openings ratio by workplace location, which more closely reflects actual conditions, rose for the first time in 2 months.」

    The rise in the new job openings ratio, effective job openings ratio and other employment indicators is documented, indicating improvement in the external environment related to labor shortages.
  11. FY2023-Q1MitigatedAnnual report

    「The new job openings ratio rose sharply for 2 consecutive months, and the effective job openings ratio by workplace location, which more closely reflects actual conditions, rose for 7 consecutive months.」

    The rise in the new job openings ratio and the effective job openings ratio by workplace location is documented as an indicator of improvement in the employment environment.
  12. FY2022-Q3MitigatedAnnual report

    「During the cumulative third quarter under review, the new job openings ratio rose for the first time in 4 months, and the effective job openings ratio also rose for the first time in 3 months, exceeding 1 for the first time in 22 months. In addition, the regular employment index rose for the first time in 7 months, indicating a renewed trend toward improvement.」

    It is stated that the new job openings ratio, effective job openings ratio and regular employment index rose, indicating a renewed trend toward improvement in the employment environment.
  13. FY2022-Q2Job openings ratios rose while the regular employment index declined.Annual report

    「During the cumulative second quarter under review, the Japanese economy saw both the new job openings ratio and the effective job openings ratio rise for 2 consecutive months. Although the regular employment index declined for 3 consecutive months, the index of scheduled out-of-hours working hours in manufacturing rose sharply for 7 consecutive months.」

    It is stated that job openings ratios rose while the regular employment index declined, resulting in mixed indicators for the employment environment related to labor shortages.
  14. FY2022-Q1WorsenedAnnual report

    「During the cumulative first quarter under review, the Japanese economy stalled after showing signs of recovery. The new job openings ratio was flat, while the effective job openings ratio fell for the first time in 12 months and the regular employment index fell for the first time in 2 months.」

    It is stated that the effective job openings ratio and regular employment index declined, and that the employment environment stalled after showing signs of recovery. This indicates weakness in the external environment related to labor shortages.
  15. FY2021RestatedAnnual report

    「The aging of construction workers has become a serious issue in the construction industry, raising concerns about labor shortages in the future.」

    The aging of construction workers and future labor shortages continue to be documented as serious issues. Measures to secure workers through recruitment, cooperation associations and other means also continue.
  16. FY2021-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  17. FY2021-Q2Job openings ratios rose but remained low.Annual report

    「The new job openings ratio rose sharply for 2 consecutive months, and the effective job openings ratio also rose for the first time in 3 months, although it remained below 1 for the 7th consecutive month and continued at a low level.」

    It is stated that job openings ratios rose, while the effective job openings ratio remained below 1 for 7 consecutive months and stayed at a low level. This is a data point on the employment environment related to the risk of labor shortages in the construction industry.
  18. FY2021-Q1RestatedAnnual report

    「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  19. FY2020Measures to address labor shortages through recruitment and cooperation associations are specified.Annual report

    「As measures to address this issue, we are working to secure workers through the recruitment of foreign nationals, continued hiring of new graduates and mid-career employees, and cooperative associations formed by business partners.」

    Measures to secure workers in response to the risk of labor shortages are specified, including the recruitment of foreign workers, new graduates and mid-career hires, as well as cooperation associations formed through business partners.
  20. FY2020-Q2RestatedAnnual report

    「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  21. FY2020-Q1RestatedAnnual report

    「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  22. FY2019WorsenedAnnual report

    「The aging of construction workers has become a serious issue in the construction industry, raising concerns about labor shortages in the future.」

    In addition to the existing risks of declining employment and labor shortages, the aging of construction workers is expressly identified as a serious issue, increasing concerns about future labor shortages.
  23. FY2019-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  24. FY2018RestatedAnnual report

    「The number of people employed in the construction industry is declining, and labor shortages could make it difficult to secure orders or, through rising labor costs, affect operating results.」

    The risks of difficulty securing orders and rising labor costs due to labor shortages continue to be documented.
  25. FY2018-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  26. FY2018-Q2RestatedAnnual report

    「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  27. FY2018-Q1RestatedAnnual report

    「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  28. FY2017RestatedAnnual report

    「The number of people employed in the construction industry is declining, and labor shortages could make it difficult to secure orders or, through rising labor costs, affect operating results.」

    The risks of difficulty securing orders and rising labor costs due to labor shortages continue to be documented.
  29. FY2017-Q3RestatedAnnual report

    「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  30. FY2017-Q2RestatedAnnual report

    「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  31. FY2017-Q1RestatedAnnual report

    「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」

    It is stated that there have been no material changes to the risk relating to labor shortages in the construction industry.
  32. FY2016First statedAnnual report

    「The number of people employed in the construction industry is declining, and labor shortages could make it difficult to secure orders or, through rising labor costs, affect operating results.」

    The potential difficulty of securing orders and rising labor costs against a backdrop of declining employment in the construction industry are documented.
Moved together

"Decline in the Equity Ratio" moved the same way as this thread, in the same document, in 4 of its 32 moves.

443222★123456
  1. ★This thread
  2. 1Decline in the Equity Ratio4×
  3. 2Competition for Public Works Contracts and Declining Bidder Rankings4×
  4. 3Higher Revenue and Profit in the Real Estate Segment3×
  5. 4Improvement in Private Construction Demand2×
  6. 5Decline in Building Division Order Intake, Completed Construction Revenue, and Profit2×
  7. 6Deterioration in Operating Cash Flow and Decline in Cash Balance Due to an Increase in Trade Receivables2×

★ 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
No upcoming earnings preview for Santo yet. It last moved in the General Meetings of Shareholders of 2026-09-03: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.