Higher Labor Costs Due to a Shortage of Construction Contractors and a Decline in the Workforce
First written in FY2016. 3 of 7 entries say "Restated". Latest entry: FY2025-H1.
Tsuchiya Holdings moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 8 of 11 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Issues including population decline associated with the declining birthrate and aging population, and shortages of skilled workers」
The company identifies shortages of skilled workers caused by population decline as an ongoing issue in the housing and real estate industries. - FY2024WorsenedAnnual report
「Higher construction costs resulting from rising material prices and labor costs」
Increased labor costs are identified in the current business environment as a factor behind higher construction costs, and cost pressures related to construction personnel continue. - FY2023-Q1MitigatedAnnual report
「Efforts to supply energy-efficient housing, maintain an integrated construction management system and train the company's own carpenters」
The company describes its integrated construction management system and efforts to train its own carpenters, indicating measures addressing construction personnel and its construction system. - FY2019-Q2RestatedAnnual report
「A challenging market environment continues, including population decline and the aging and decline of construction workers.」
The company continues to describe the challenging situation regarding construction personnel, including the aging and decline of construction workers. - FY2019-Q1RestatedAnnual report
「Owner-occupied housing starts increased from the year-earlier quarter during the cumulative first quarter of the current consolidated fiscal year, but the market environment remains challenging due to the declining total population, the aging and declining number of carpenters, and the impending consumption tax increase.」
The company continues to describe uncertainty surrounding construction personnel, including the aging and decline of skilled carpenters. - FY2018WorsenedAnnual report
「The environment surrounding the housing market has changed significantly due to population decline, higher consumption taxes and other factors, while uncertainty about the outlook continues amid declining new housing starts and the aging and decline of skilled carpenters.」
In addition to the risk of higher labor costs due to contractor shortages and declining employment, the aging and decline of skilled carpenters is specifically identified as a factor affecting the outlook. - FY2016First statedAnnual report
「If labor costs rise sharply due to the shortage of contractors following the Great East Japan Earthquake, as well as the decline in the number of people working in the construction industry, the Group's performance may be affected.」
The shortage of contractors for outsourced construction work and higher labor costs due to the decline in construction workers are identified as risks.