Declining Public Investment, Shortages of Engineers, and High Construction Material Prices
First written in FY2016-Q3. 19 of 36 entries say "Restated". Latest entry: 2026-07-21.
Ohmori moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 17 of 27 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026-H1RestatedAnnual report
「Public investment remained solid to promote disaster prevention, disaster mitigation, and national resilience. Orders for various renewal works for water-supply and sewerage facilities in Tokyo also continued to be placed, as disaster response and measures addressing aging facilities have become important issues. However, chronic labor shortages and persistently high construction-material prices have intensified competition for orders, resulting in a difficult operating environment.」
While public investment and renewal works for water-supply and sewerage facilities continue, the disclosure continues to cite a difficult environment caused by chronic labor shortages, persistently high construction-material prices, and intensifying competition for orders. - 2026-03-12WorsenedEarnings
「The operating environment remains challenging as competition for orders intensifies because of chronic labor shortages and persistently high construction-material prices.」
The company continues to identify chronic labor shortages, persistently high construction-material prices, and intensifying competition for orders. - FY2025-H1WorsenedAnnual report
「In the domestic construction market, public investment remained solid as the National Resilience Plan was implemented intensively. Orders for various works to address aging water-supply and sewerage pipes in Tokyo continued to be placed amid rapidly growing concern over aging social infrastructure. However, logistics disruptions, soaring construction-material prices, and intensifying competition for orders have resulted in a difficult operating environment.」
While public investment and orders for water-supply and sewerage works are described as solid, the disclosure explicitly identifies logistics disruptions, soaring construction-material prices, and intensifying competition for orders as new factors contributing to the difficult environment. quantified is false; materialized is false. - FY2024-Q3WorsenedAnnual report
「In the domestic construction market, public construction investment remained solid against a backdrop of disaster prevention, disaster mitigation, and national resilience initiatives. Orders for the rebuilding of aging facilities and pipelines and for equipment works to reduce disaster damage in Tokyo's water-supply and sewerage systems also continued to be placed. However, soaring construction-material prices and the decline and aging of the construction-industry workforce have resulted in a difficult operating environment.」
While public investment and orders for water-supply and sewerage facility works are described as solid, the disclosure explicitly identifies soaring construction-material prices and the decline and aging of the construction-industry workforce as factors contributing to the difficult operating environment. - FY2024-Q2WorsenedAnnual report
「In the domestic construction market, public investment supported by the National Resilience Plan and other initiatives remained solid. Orders for water-supply and sewerage facility construction in Tokyo, including seismic retrofitting to reduce earthquake damage and the renewal of aging facilities, continued to be placed. However, increasingly fierce competition for orders, soaring construction-material prices, chronic shortages of skilled workers, and the need to address regulations capping working hours have resulted in a difficult operating environment.」
Although public investment and orders for water-supply and sewerage works continue, the disclosure explicitly identifies increasingly fierce competition for orders, soaring construction-material prices, chronic shortages of skilled workers, and the need to address regulations capping working hours as factors contributing to the difficult operating environment. - FY2024-Q1WorsenedAnnual report
「In the domestic construction market, public construction investment to promote national resilience remained solid. Orders for water-supply and sewerage facility construction in Tokyo, including the renewal of aging pipes and facilities, seismic retrofitting, and flood-control works, also continued to be placed. However, the increasingly fierce competition for orders and rising construction costs, including construction-material prices and labor costs, have resulted in a difficult operating environment.」
While public investment and orders for water-supply and sewerage works in Tokyo continue, the disclosure explicitly identifies increasingly fierce competition for orders and rising costs, including construction-material prices and labor costs, further emphasizing the difficult environment. quantified is false; materialized is false. - FY2023RestatedAnnual report
「The difficult operating environment continues due to the impact of higher construction costs, including rising prices for a broad range of construction materials and soaring labor costs.」
While public investment and orders for water-supply and sewerage works continue, the disclosure continues to cite cost pressures caused by rising construction-material prices and soaring labor costs. - FY2023-Q3WorsenedAnnual report
「In the domestic construction market, public investment supported by infrastructure measures under the National Resilience Plan remained solid. Orders for water-supply and sewerage facility construction in Tokyo also continued to be placed in response to demand for the renewal and seismic retrofitting of aging facilities and disaster-prevention measures. Meanwhile, shortages of construction materials and construction workers have become more serious, resulting in a difficult operating environment.」
While public investment and orders for water-supply and sewerage works in Tokyo have continued, the disclosure explicitly states that soaring construction-material prices and shortages of construction workers have become more serious. - FY2023-Q2WorsenedAnnual report
「In the domestic construction market, public construction investment remained solid, supported by supplementary budgets and other measures related to the National Resilience Plan. Orders for water-supply and sewerage facility construction in Tokyo, including rebuilding aging facilities, seismic retrofitting, and flood-control works, also continued to be placed. However, intensifying competition for orders, soaring construction-material prices, and chronic shortages of skilled workers have resulted in a difficult operating environment.」
While public construction investment and orders for water-supply and sewerage works remained solid, the disclosure explicitly identifies intensifying competition for orders, soaring construction-material prices, and chronic shortages of skilled workers. - FY2023-Q1WorsenedAnnual report
「In the domestic construction market as well, public investment supported by the National Resilience Plan and other initiatives remained resilient. However, intensifying competition for orders and the impact of soaring construction-material prices have resulted in a difficult operating environment.」
While recognizing the resilience of public investment, the disclosure continues to cite intensifying competition for orders and soaring construction-material prices, indicating a difficult competitive and cost environment for the construction business. - FY2022-Q3WorsenedAnnual report
「In the domestic construction market, public investment under national resilience measures remained generally solid. Orders for water-supply and sewerage facility construction in Tokyo also continued to be placed because of the need to renew and rebuild aging facilities and address flooding and earthquake damage. However, the full-scale rise in construction-material prices and continuing shortages of construction engineers and workers have resulted in a difficult operating environment.」
While public investment and orders for water-supply and sewerage works remain solid, the disclosure explicitly identifies the full-scale rise in construction-material prices and continuing shortages of construction engineers and workers, indicating greater pressure from supply constraints and costs. - FY2022-Q2WorsenedAnnual report
「In the domestic construction market, orders for works related to national resilience initiatives, the renewal of water-supply and sewerage facilities in Tokyo, and flood-damage prevention continued to be placed at a solid pace. However, rising construction costs due to soaring construction-material prices and shortages of skilled workers have intensified competition for orders, resulting in a difficult operating environment.」
While public works orders are solid, the disclosure explicitly identifies rising costs due to soaring construction-material prices, shortages of skilled workers, and intensifying competition for orders, making the risk factors facing the construction business more specific. - FY2022-Q1RestatedAnnual report
「In the domestic construction market, redevelopment centered on the Tokyo metropolitan area and increased public investment related to national resilience initiatives supported generally favorable business conditions. Orders for water-supply and sewerage construction in Tokyo also continued to be placed because aging facilities need to be renewed and measures taken against earthquakes and flood damage.」
The disclosure again states that the construction business environment is generally favorable, supported by increased public investment, the renewal of aging facilities, and continued orders for water-supply and sewerage construction in Tokyo to address earthquakes and flood damage. - FY2021RestatedAnnual report
「Public and private investment in the construction industry to which the Group belongs is expected to remain solid. However, recruiting and securing construction management engineers, skilled workers engaged in construction, and other personnel is expected to remain difficult, and the difficult operating environment is expected to continue.」
While public and private investment are expected to remain solid, the disclosure again states that recruiting and securing construction management engineers and skilled workers will remain difficult. - FY2021-Q3RestatedAnnual report
「In the domestic construction market, public investment supported by the National Resilience Plan and other initiatives remained solid. Orders for the Group's water-supply and sewerage facility construction in Tokyo also continued to be placed because of the need for urgent measures, and the business environment remained generally favorable.」
The assessment that the business environment remains generally favorable, supported by public investment under the National Resilience Plan and other initiatives and continued orders for water-supply and sewerage facility construction in Tokyo, continues. - FY2021-Q2RestatedAnnual report
「In the domestic construction market, public investment based on the National Resilience Plan and other initiatives remained solid. In the Group's core construction business, centered on Tokyo, orders for water-supply and sewerage construction continued to be placed because of the need for their prompt implementation, and the business environment remained generally favorable.」
The disclosure again states that the business environment is generally favorable, supported by continued public investment under the National Resilience Plan and other initiatives and continued water-supply and sewerage construction investment centered on Tokyo. - FY2021-Q1RestatedAnnual report
「In the domestic construction market, public investment supported by the National Resilience Plan and other initiatives remained solid. In the Group's core construction business, centered on Tokyo, the business environment was generally favorable, supported by continued construction investment in infrastructure facilities such as water-supply and sewerage systems that support daily life.」
The assessment that continued public investment and infrastructure investment in water-supply and sewerage systems have kept the business environment for the construction business generally favorable remains unchanged. - FY2020RestatedAnnual report
「It is expected to remain difficult to recruit and secure construction management engineers, skilled workers engaged in construction, and other personnel, and the difficult operating environment is expected to continue.」
While public and private investment remain solid, the disclosure continues to state, in its management strategy and risk disclosures, that recruiting and securing construction management engineers and skilled workers will remain difficult. - FY2020-Q3RestatedAnnual report
「Because water-supply and sewerage facilities that support daily life need to be rebuilt and redeveloped at an early stage, public investment remained solid and the order environment was generally favorable.」
The assessment that public investment remains solid and the order environment is generally favorable, supported by the rebuilding and redevelopment of water-supply and sewerage facilities, continues. - FY2020-Q1Improvement in the construction market environmentAnnual report
「In the construction industry as well, private-sector capital investment continued to increase against a backdrop of high corporate earnings, while public investment remained solid. As a result, market conditions remained favorable.」
There is no direct mention of the previously cited shortages of site managers and skilled workers or rising construction costs. Instead, the disclosure states that market conditions are favorable, supported by increased private-sector capital investment and resilient public investment. - FY2019RestatedAnnual report
「In the construction industry, business conditions continued to recover gradually as public construction investment remained solid. However, shortages of construction management engineers and skilled workers engaged in construction have continued, resulting in a difficult operating environment.」
While recognizing the resilience of public construction investment, the disclosure states that shortages of construction management engineers and skilled workers continue. - FY2019-Q3RestatedAnnual report
「In the construction industry, business conditions continued to recover gradually as public construction investment remained solid. However, difficulties in securing construction management engineers and skilled workers engaged in construction have continued.」
While recognizing the resilience of public construction investment, the disclosure continues to cite difficulties in securing construction management engineers and skilled workers. - FY2019-Q2RestatedAnnual report
「In the construction industry, business conditions continued to recover gradually as construction investment remained solid and capital investment increased. However, shortages of construction management engineers and skilled workers engaged in construction have continued.」
While recognizing the recovery trend in construction investment and capital investment, the disclosure notes that shortages of construction management engineers and skilled workers continue. - FY2019-Q1RestatedAnnual report
「In the construction industry, private-sector capital investment continued to increase and public investment remained solid, so overall business conditions continued to recover gradually. However, shortages of construction management engineers and skilled workers engaged in construction have continued, resulting in a difficult operating environment.」
While recognizing the strength of private-sector capital investment and public investment, the disclosure continues to cite a difficult environment caused by shortages of construction management engineers and skilled workers. - FY2018RestatedAnnual report
「In the construction industry, which is the core business of the Group, government public investment and private investment have remained solid. However, shortages of construction management engineers and skilled workers engaged in construction have continued, resulting in a difficult operating environment.」
While public and private investment are described as solid, the disclosure continues to cite a difficult environment caused by shortages of construction management engineers and skilled workers. - FY2018-Q3RestatedAnnual report
「In the construction industry, which is the core business of the Group, public and private investment have remained steady as construction demand has increased. However, shortages of site managers and construction workers have continued, resulting in a difficult operating environment.」
While public and private investment are described as steady, the disclosure continues to cite a difficult environment caused by shortages of site managers and construction workers. - FY2018-Q2RestatedAnnual report
「In the construction industry, which is the core business of the Group, government public investment and private investment have remained solid. However, shortages of site managers and workers engaged in construction have continued, resulting in a difficult operating environment.」
While public and private investment are described as solid, the disclosure continues to cite a difficult environment caused by shortages of site managers and construction workers. - FY2018-Q1WorsenedAnnual report
「In the construction industry, which is the core business of the Group, government public investment and private investment have remained solid. However, shortages of skilled construction workers have not been resolved, and concerns over rising construction costs, including material prices and labor costs, have continued to result in a difficult operating environment.」
In addition to the unresolved shortage of skilled workers, the disclosure explicitly states that construction costs, including material prices and labor costs, may rise, broadening the scope of supply constraints and cost risks in the construction business. - FY2017Explicit disclosure of the risk of passing on higher material pricesAnnual report
「In the construction industry, which is the core business of the Group, government public investment and private investment have remained solid. However, persistently high labor costs resulting from shortages of workers engaged in construction have continued to create a difficult operating environment. If soaring raw-material prices cannot be reflected in contract prices, this could affect business performance.」
Shortages of construction workers and persistently high labor costs continue. In addition, the risk that soaring material prices cannot be passed on to contract prices is explicitly disclosed under business and other risks. - FY2017-Q3RestatedAnnual report
「In the construction industry, which is the core business of the Group, the difficult operating environment continues due mainly to shortages of construction workers and persistently high labor costs.」
Shortages of construction workers and persistently high labor costs continue to be cited as factors contributing to the difficult operating environment in the construction industry. - FY2017-Q2Focus shifts from high material costs to high labor costsAnnual report
「In the construction industry, which is the core business of the Group, public and private investment remained solid. However, shortages of construction workers and persistently high labor costs have continued to result in a difficult operating environment.」
The assessment that public and private investment are solid remains unchanged. The disclosure again cites shortages of construction workers, while identifying persistently high labor costs, rather than high construction-material prices, as a factor contributing to the difficult environment. - FY2017-Q1RestatedAnnual report
「In the construction industry, public and private investment remained solid, but persistently high construction-material prices have continued to result in a difficult operating environment.」
The assessment that public and private investment are solid remains unchanged, while the difficult environment caused by persistently high construction-material prices also continues. The current disclosure does not mention shortages of engineers. - FY2016Demand is improving, while supply constraints persistAnnual report
「In the construction industry, government public investment and private investment remained solid. However, shortages of engineers caused by increasing construction demand and soaring construction-material prices have continued to create a difficult operating environment, particularly in terms of profitability.」
The assessment has changed from declining public investment to solid public and private investment. At the same time, the difficult profit environment caused by shortages of engineers and high construction-material prices continues. - FY2016-Q3First statedAnnual report
「In the construction industry, private-sector capital investment was on a recovery track against a backdrop of improving corporate earnings. However, public investment has been gradually declining, while shortages of engineers and persistently high construction-material prices have resulted in a difficult operating environment.」
The company identifies declining public investment, shortages of engineers, and persistently high construction-material prices as factors contributing to the continued difficult environment in the construction business.