Larger-than-Expected Decline in Public Works Investment
First written in FY2017. 22 of 23 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 17 of 32 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- 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 states that there have been no new risks or material changes to its existing risks, including the risk of a decline in public works investment. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2023-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2021-Q2RestatedAnnual report
「The company adds the following to the business and other risks described in the previous fiscal year’s securities report.」
No changes to the existing business and other risks are indicated; only a new cyberattack risk has been added. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2020RestatedAnnual report
「Because public investment fluctuates, the company has taken measures including building a technology-focused operating structure and strengthening the sales and profitability of its building construction division to offset these fluctuations. However, a decline greater than expected could affect the group’s performance.」
The company reiterates the risks of fluctuations in public works investment and a larger-than-expected decline, along with its response through a technology-focused operating structure and a stronger building construction division. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2019RestatedAnnual report
「However, a decline greater than expected could affect the group’s performance.」
The company reiterates that a larger-than-expected decline in public works investment is a performance risk and explains that it will respond by building a technology-focused operating structure and strengthening the sales and profitability of its building construction division. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to its existing business and other risks, including the risk of a larger-than-expected decline in public works investment. - FY2018RestatedAnnual report
「The construction business, which accounts for a significant portion of the group’s revenue, is strongly affected by public works investment. Because public investment fluctuates, the group has taken measures including building a technology-focused operating structure and strengthening the sales and profitability of its building construction division to offset these fluctuations. However, a decline greater than expected could affect the group’s performance.」
The company reiterates the risk of a larger-than-expected decline in public works investment and its explanation of measures to offset it through a technology-focused operating structure and a stronger building construction division. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to the business and other risks described in the previous fiscal year, including the risk of a larger-than-expected decline in public works investment. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no new risks or material changes to the business and other risks described in the previous fiscal year, including the risk of a decline in public works investment. - FY2017First statedAnnual report
「The construction business, which accounts for a significant portion of the group’s revenue, is strongly affected by public works investment. Because public investment fluctuates, the group has taken measures including building a technology-focused operating structure and strengthening the sales and profitability of its building construction division to offset these fluctuations. However, a decline greater than expected could affect the group’s performance.」
The company identifies a larger-than-expected decline in public works investment as a risk that could affect construction revenue and performance.