Rising Construction Costs for Large-Scale, Long-Term Projects

「We will continue to monitor closely the effects of unstable international conditions and work to identify supply conditions and price trends for construction materials at an early stage and take appropriate measures.」

「As prices for construction materials and equipment remained generally high both in Japan and overseas, and labor costs also showed an upward trend, appropriate action based on close monitoring of developments is considered necessary.」

「Although demand in Japan and overseas is expected to remain solid for the time being, supported by expanded private-sector capital investment, aging infrastructure and the renewal of urban functions, structural labor shortages and rising construction costs, among other issues affecting the foundations of the construction industry, persist.」

「Meanwhile, construction costs, including labor costs, continued to rise, and securing an appropriate construction execution structure, including measures to address shortages of skilled workers, remained a challenge.」

「As for construction costs, prices for construction materials and equipment remained generally high, while labor costs showed an upward trend in some regions and occupations due to the busy operating environment.」

「As prices for construction materials and equipment remained generally high both in Japan and overseas, and labor costs also showed an upward trend, appropriate action based on close monitoring of developments is considered necessary.」

「In the domestic construction market, construction demand remained solid in both the public and private sectors. As for construction costs, prices for materials and equipment remained generally high, while labor costs rose in some occupations as construction volumes increased.」

「As for construction costs, prices for construction materials and equipment remained generally high, while labor costs also showed signs of rising in some occupations, and developments will continue to be monitored.」

「As for construction costs, prices for construction materials and equipment remained generally high, although some prices, including steel prices, showed signs of stabilizing.」

「As for construction costs, prices for construction materials and equipment remained generally high, while labor costs also rose in some occupations.」

「Although some construction materials and equipment had begun to stabilize in price, prices remained high overall, creating a need for appropriate monitoring and measures.」

「In the construction business during the cumulative third quarter of the current consolidated fiscal year, there were fewer large-scale projects reaching completion than in a typical year, while material prices and other costs rose, and intense competition for orders, particularly for private-sector building projects, continued.」

「Construction costs were also affected by rising prices for some materials, including steel, steel products and lumber, despite stable labor costs, and developments will continue to be monitored.」

「As for construction costs, labor costs remained stable, but prices for some materials, including steel, steel products and lumber, showed an upward trend, making it necessary to monitor developments.」

「As construction volumes across the industry, particularly for large-scale projects, increase, supply and demand for both materials and labor may become tight, affecting construction costs.」

「In the domestic construction market, procurement costs for both labor and construction materials and equipment remained generally stable.」

「In the domestic construction market, supply and demand for labor, materials and equipment remained stable and public investment remained firm. However, private-sector capital investment continued to decline as companies in both the manufacturing and non-manufacturing sectors adopted a more cautious investment stance.」

「Although construction costs remained stable, it became necessary to monitor changes in domestic and overseas construction demand and needs resulting from the impact of COVID-19.」

「To limit the impact of fluctuations in construction costs, the company is taking measures including early procurement, securing a diverse range of suppliers, and including price-escalation clauses in contracts with clients.」

「In the domestic construction market, construction investment remained firm in both the public and private sectors. Construction costs, including labor and materials and equipment costs, showed no significant increases, resulting in generally stable conditions.」

「In addition, supply and demand for labor and construction materials and equipment remained generally stable, with no serious tightness observed.」

「The main factors that could materially affect business performance are changes in the business environment, including sharp fluctuations in construction demand and construction costs. Although the business environment during the consolidated fiscal year was considered generally strong, construction costs may rise sharply in the short term as the concentration of large-scale projects, particularly in the Tokyo metropolitan area, continues.」

「In the domestic construction market, construction investment remained firm, centered on high levels of private-sector capital investment, and the overall environment remained stable despite increases in some construction costs.」

「There is concern that construction costs will rise sharply as many projects, including large-scale redevelopment buildings and facilities related to the Tokyo Olympic and Paralympic Games, enter a full-scale peak construction period.」

「If construction costs on long-term, large-scale projects increase unexpectedly due to a sharp rise in the prices of major materials or other factors, this could affect business performance and other results.」