Shortage of Skilled Construction Workers and Rising Labor Costs
First written in FY2017-Q1. 14 of 32 entries say "Restated". Latest entry: 2026-11-12.
The Zenitaka moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 14 of 20 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Although private-sector capital investment is expected to remain solid, soaring energy and material prices and personnel expenses are anticipated, and the challenging operating environment is expected to continue.」
While private-sector capital investment is described as solid, soaring energy and material prices and personnel expenses are anticipated, and the challenging construction environment is expected to continue. - FY2026-H1WorsenedAnnual report
「In the construction market, private-sector capital investment remains solid, but soaring prices for materials and labor costs are expected to persist, and the challenging operating environment is expected to continue.」
The disclosure states that soaring prices for materials and equipment and labor costs are prolonged, indicating that the environment of rising construction costs, including labor shortages and higher personnel expenses, is continuing. - FY2025-H1WorsenedAnnual report
「In the construction market, public investment remains flat and private-sector capital investment is trending upward, but further labor shortages and higher personnel expenses are expected as the industry responds to the so-called “2024 problem” in the construction industry, including the application of regulations capping overtime work, and the operating environment remains challenging.」
In addition to the existing concerns over labor shortages and rising personnel expenses, the disclosure states that further labor shortages and higher personnel expenses are expected as the industry responds to the “2024 problem,” including the application of regulations capping overtime work. - FY2024RestatedAnnual report
「The sharp rise in labor costs caused by higher construction-material prices and a shortage of skilled workers poses risks of lower construction profit and longer construction periods.」
The risks of lower profit and longer construction periods due to construction-material prices, a shortage of skilled construction workers and rising labor costs, as well as the response through early procurement, continue to be cited as annual risks. - FY2024-Q3WorsenedAnnual report
「In addition, concerns have arisen over further labor shortages and higher personnel expenses as the industry responds to the so-called “2024 problem” in the construction industry, including the application of regulations capping overtime work.」
In addition to the existing concerns over labor shortages and rising material prices, further labor shortages and higher personnel expenses associated with responding to the “2024 problem,” including the application of regulations capping overtime work, have been identified more specifically as concerns. - FY2024-Q2RestatedAnnual report
「In the construction market, public investment and private-sector capital investment are increasing moderately, but the operating environment is expected to remain challenging due to soaring material prices and labor shortages.」
Soaring material prices and labor shortages continue to be cited as factors contributing to the challenging operating environment in the construction market. - FY2024-Q1RestatedAnnual report
「Public investment in the construction market remains solid and private-sector capital investment is increasing moderately, but the operating environment remains challenging due to soaring material prices and labor shortages.」
Soaring material prices and labor shortages continue to be cited as factors contributing to the challenging operating environment in the construction market. - FY2023-Q3RestatedAnnual report
「The operating environment remains challenging due to soaring material prices and the emergence of labor shortages.」
Soaring material prices and the emergence of labor shortages continue to be cited as factors contributing to the challenging operating environment in the construction market. - FY2023-Q2WorsenedAnnual report
「The operating environment remains challenging due to soaring material prices and the emergence of labor shortages.」
The longstanding concern over labor shortages is described in terms of the actual construction market conditions as the “emergence of labor shortages,” and, together with soaring material prices, is identified as a factor contributing to the challenging environment. - FY2022RestatedAnnual report
「The sharp rise in labor costs caused by higher construction-material prices and a shortage of skilled workers poses risks of lower construction profit and longer construction periods. The Group is responding through measures including early procurement, but if price increases exceeding expectations cannot be reflected in contract prices, operating performance could be affected.」
The shortage of skilled workers, rising labor costs, their impact on construction profit and construction periods, and the response through early procurement continue to be cited as annual risks. - FY2022-Q1DroppedAnnual report
「In the construction market, public investment remains solid, while material prices continue to trend upward, and private-sector capital investment shows weakness in some industries.」
The description of the construction market for the current quarter does not explicitly mention the previously cited shortage of skilled construction workers or rising labor costs. - FY2021Reintroduced as an annual risk itemAnnual report
「The sharp rise in labor costs caused by higher construction-material prices and a shortage of skilled workers poses risks of lower construction profit and longer construction periods. The Group is responding through measures including early procurement, but if price increases exceeding expectations cannot be reflected in contract prices, operating performance could be affected.」
The risks of a shortage of skilled workers, rising labor costs and rising material prices, which were not explicitly stated in the previous quarter, are again specifically described as annual business and other risks. - FY2021-Q2DroppedAnnual report
「In the construction market, heightened uncertainty associated with the spread of infectious diseases has raised concerns over revisions to or delays in private-sector capital investment, and the situation remains difficult to predict.」
The description of the construction market for the current quarter does not explicitly mention the shortage of skilled construction workers or rising labor costs cited previously. - FY2020-Q3SoftenedAnnual report
「In the construction market, private-sector capital investment remains solid, but the situation requiring close monitoring continues due to the shortage of skilled construction workers caused by the uneven distribution of construction demand, among other factors.」
References to the shortage of skilled construction workers continue, but the tight supply and demand for materials and equipment and persistently high prices cited in the previous quarter are not explicitly stated. - FY2020-Q2RestatedAnnual report
「In the construction market, private-sector capital investment remains solid, but the situation continues to be difficult to predict due to the shortage of skilled construction workers caused by the uneven distribution of construction demand, tight supply and demand for materials and equipment, and the impact of natural disasters, among other factors.」
The shortage of skilled construction workers and tight supply and demand for materials and equipment continue to be cited as concerns in the construction market. The persistently high prices for materials and equipment mentioned in the previous quarter are not explicitly stated. - FY2020-Q1RestatedAnnual report
「In the construction market, private-sector capital investment continues to trend upward, but the situation remains difficult to predict due to the shortage of skilled construction workers caused by the uneven distribution of construction demand, tight supply and demand for materials and equipment, and persistently high prices.」
The shortage of skilled construction workers and tight supply and demand for materials and equipment and persistently high prices continue to be cited as concerns in the construction market. - FY2019WorsenedAnnual report
「In addition, the situation is expected to remain difficult to predict due to the continued shortage of skilled construction workers and shortages of materials and equipment, as well as persistently high prices.」
In addition to the shortage of skilled workers, shortages of materials and equipment and persistently high prices are explicitly identified as factors in the outlook. - FY2019-Q3WorsenedAnnual report
「In the construction market, private-sector capital investment remained solid, but the environment continues to be difficult to predict due to the shortage of skilled construction workers caused by the uneven distribution of construction demand, tight supply and demand for materials and equipment, and rising prices.」
In addition to the shortage of skilled workers, the disclosure specifically cites tight supply and demand for materials and equipment and rising prices, indicating heightened concerns in the construction market. - FY2019-Q2RestatedAnnual report
「In the construction market, private-sector capital investment remained solid, but the environment remains difficult to predict due to the shortage of skilled construction workers caused by the uneven distribution of construction demand and the upward trend in prices for materials and equipment.」
The shortage of skilled construction workers and the upward trend in prices for materials and equipment continue to be cited as concerns in the construction market. - FY2019-Q1WorsenedAnnual report
「In the construction market, private-sector capital investment remained solid, but the environment continues to be difficult to predict due to the shortage of skilled construction workers caused by the uneven distribution of construction demand and the upward trend in prices for materials and equipment.」
While the shortage of skilled workers continues, prices for materials and equipment are described as “trending upward,” making the disclosure more specific than the previous expression of concern. - FY2018RestatedAnnual report
「The sharp rise in labor costs caused by higher construction-material prices and a shortage of skilled workers poses risks of lower construction profit and longer construction periods. The Group is responding through measures including early procurement, but if price increases exceeding expectations cannot be reflected in contract prices, operating performance could be affected.」
The risks of a shortage of skilled workers, rising material prices and labor costs, lower construction profit and longer construction periods, as well as the response through early procurement, continue to be described in specific terms. - FY2018-Q3SoftenedAnnual report
「In the construction market, private-sector capital investment is trending upward against a backdrop of solid corporate earnings, but concerns remain over a shortage of skilled construction workers due to the uneven distribution of construction demand and rising prices for materials and equipment, and the environment remains difficult to predict.」
Concerns over a shortage of skilled construction workers continue. Regarding prices for materials and equipment, the wording has returned from “trending upward” in the previous quarter to “concerns over price increases.” - FY2018-Q2WorsenedAnnual report
「In the construction market, private-sector capital investment is on a moderate upward trend against a backdrop of solid corporate earnings, but skilled construction workers remain in short supply due to the uneven distribution of construction demand, while prices for materials and equipment are trending upward, creating an environment that cannot be viewed optimistically.」
While the shortage of skilled workers continues, the previously cited concern regarding prices for materials and equipment has been made more specific by describing them as trending upward. - FY2018-Q1RestatedAnnual report
「In the construction market, private-sector capital investment is on a moderate upward trend against a backdrop of solid corporate earnings, but concerns remain over a shortage of skilled construction workers due to the uneven distribution of construction demand and rising prices for materials and equipment, and the situation remains difficult to predict.」
Concerns over a shortage of skilled construction workers continue, and concerns over rising prices for materials and equipment are also still cited. - FY2017WorsenedAnnual report
「The sharp rise in labor costs caused by higher construction-material prices and a shortage of skilled workers poses risks of lower construction profit and longer construction periods. The Group is responding through measures including early procurement, but if price increases exceeding expectations cannot be reflected in contract prices, operating performance could be affected.」
The previous concerns are explicitly identified as business and other risks, detailing the impact of sharp increases in material prices and labor costs on construction profit and construction periods, as well as the impact on operating performance if the increases cannot be passed through to contract prices. - FY2017-Q3RestatedAnnual report
「In the construction market, concerns remain over a shortage of skilled construction workers due to the uneven distribution of construction demand and rising prices for materials and equipment, and the situation remains difficult to predict.」
Concerns over the shortage of skilled workers due to the uneven distribution of construction demand continue. There is no direct reference to rising labor costs, while concerns over rising prices for materials and equipment are newly included. - FY2017-Q2ReframedAnnual report
「In the construction market, companies are becoming increasingly cautious about capital investment, while concerns over a shortage of skilled construction workers caused by the uneven distribution of construction demand persist, and the situation remains difficult to predict.」
Concerns over the shortage of skilled construction workers continue, but whereas the previous disclosure cited rising labor costs as a concern, this disclosure identifies the uneven distribution of construction demand as the cause of the shortage. - FY2017-Q1First statedAnnual report
「Although there is demand for private-sector capital investment in the construction market, concerns over rising labor costs due to a shortage of skilled construction workers persist, and the market remains challenging.」
While recognizing demand for private-sector capital investment, the company identifies rising labor costs due to a shortage of skilled workers as a concern.