Concerns over Rising Prices of Equipment, Materials and Other Construction Inputs
First written in FY2017-Q3. 14 of 30 entries say "Restated". Latest entry: 2026-08-07.
The Zenitaka moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 45 of 66 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- 2026-08-07RestatedResults
「供給面では資材・エネルギー価格や労務費の上昇基調は続いており、依然として厳しい経営環境が続く見通しであります。」
資材・エネルギー価格および労務費の上昇環境を継続して記載している。 - FY2026RestatedAnnual report
「Higher energy and material prices and labor costs are anticipated, and the difficult business environment is expected to continue.」
The cost-increase environment continues, with soaring material prices as well as higher energy prices and labor costs anticipated. - 2026-05-14WorsenedResults
「エネルギー・資材価格の高騰、労務費の上昇基調は継続しており、依然として厳しい経営環境下にあります。」
資材価格の高騰に加えてエネルギー価格と労務費の上昇基調の継続を明記している。 - 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 company explicitly states that soaring material prices have persisted over an extended period, presenting the previous concern over higher prices as sustained price surges. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company concludes that there have been no material changes to its existing business and other risks, including the risk of higher prices for construction materials and equipment. - FY2024RestatedAnnual report
「In the construction market, there is strong appetite for capital investment, particularly among manufacturers, but earnings are being squeezed by soaring material prices, and difficult operating conditions are expected to continue.」
Pressure on earnings from soaring material prices continues to be identified as a factor contributing to the difficult business environment in the construction market. - FY2024-Q3RestatedAnnual report
「In the construction market, public investment is remaining flat and private-sector capital investment is increasing moderately, but soaring material prices mean that difficult operating conditions are expected to continue.」
Soaring material prices continue to be identified as a factor contributing to the difficult business environment in the construction market. - 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 continue to be identified as a factor contributing to the difficult business 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 continue to be identified as a factor contributing to the difficult business 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 continue to be identified as a factor contributing to the difficult business 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 wording became stronger, changing from “material prices are trending higher” in the previous quarter to “soaring material prices,” making concerns about earnings conditions in the construction market more concrete. - FY2023-Q1SoftenedAnnual report
「Material prices are trending higher, and the company is operating in a difficult business environment.」
The market conditions for the quarter changed from the previous fiscal year-end statement that “soaring material prices are expected to put downward pressure on earnings” to “trending higher,” with no direct reference to downward pressure on earnings. - FY2022WorsenedAnnual report
「In the construction market, concerns remain that soaring material prices will put downward pressure on earnings, and the difficult-to-predict environment is expected to continue.」
Material prices are described as “soaring,” rather than merely as a concern over increases, and are explicitly identified as a future factor that could put downward pressure on earnings. - FY2022-Q3RestatedAnnual 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 report that material prices are trending higher continues from the previous quarter. - FY2022-Q2RestatedAnnual 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 company continues to report that material prices are trending higher. - FY2022-Q1WorsenedAnnual 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 market conditions for the quarter state that material prices are trending higher, rather than merely expressing concern over potential increases. - FY2021Risk of higher prices resumes 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 risk of sharp increases in material prices and labor costs, which was not explicitly reported in the previous quarter, is again listed as a major annual risk. - FY2020-Q3DroppedAnnual 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.」
Shortages of skilled workers and other concerns are reported in the construction market, but the tight supply and demand, persistently high prices, and higher prices for construction materials and equipment reported in the previous quarter are not explicitly mentioned. - FY2020-Q2SoftenedAnnual 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.」
Supply and demand for construction materials and equipment remain tight, but the “persistently high prices” and higher prices reported in the previous quarter are not explicitly mentioned, weakening the wording around the risk of price increases. - 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.」
Tight supply and demand and persistently high prices for construction materials and equipment continue to be identified as concerns in the construction market. - FY2019WorsenedAnnual report
「In the construction market, private-sector capital investment continues to increase, but shortages of skilled construction workers caused by uneven construction demand, tight supply and demand for construction materials and equipment, and higher prices leave the situation difficult to predict.」
Tight supply and demand and higher prices for construction materials and equipment continue to be reported. - 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 existing upward trend in construction material and equipment prices, tight supply and demand are also reported, presenting more specific evidence of upward price pressure. - 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 upward trend in construction material and equipment prices continues to be identified as a concern 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.」
The description of construction material and equipment prices changed from “concerns over increases” in the previous fiscal year to “trending higher,” presenting price increases as a more concrete development. - FY2018RestatedAnnual report
「In the construction market, private-sector capital investment remains firm, but shortages of skilled construction workers caused by uneven construction demand and concerns over higher prices for construction materials and equipment persist, leaving the situation not yet optimistic.」
Higher prices for construction materials and equipment continue to be identified as a concern in the construction market. - 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.」
The wording regarding construction material and equipment prices changed from “trending higher” in the previous quarter to “concerns over higher prices,” and is presented as a concern. - 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.」
The company states that prices for construction materials and equipment are trending higher, rather than merely expressing concern over potential increases. - 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 higher prices for construction materials and equipment continue, but no specific increase or actual loss is reported. - FY2017WorsenedAnnual report
「In the construction market, private-sector capital investment remained firm, but concerns over shortages of skilled construction workers caused by uneven construction demand and higher prices for construction materials and equipment have not been dispelled, leaving the situation difficult to predict.」
The company states that concerns over higher construction material prices have not been dispelled, and explicitly identifies the impact of sharp increases in construction material prices on profits and construction schedules as a business risk. - FY2017-Q3First statedAnnual 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.」
The company explicitly identifies concerns over higher prices for construction materials and equipment as a new concern in the construction market. It does not specify the amount of any increase or whether an actual increase has occurred.