Concerns About a Post-Olympics Correction After Tokyo Olympics-Related Construction Demand Runs Its Course
First written in FY2018. 12 of 16 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 4 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「The construction industry also continues to face a difficult business environment, with the economic outlook remaining uncertain due to the COVID-19 pandemic and other factors, as well as intensifying competition for orders, rising labor costs due to shortages of skilled workers, and higher construction material prices.」
In the current year's risk disclosures, the previous specific reference to Tokyo Olympics-related construction demand having peaked was omitted, and the risks were organized as general risks relating to competition for orders, labor costs and construction material prices. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business or other risks, and no material changes in 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 in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2022-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2021ReframedAnnual report
「If project profitability deteriorates due to intensifying competition for orders from other companies or a sharp rise in construction material prices and labor costs, this could affect the Company's operating results.」
The specific factor of Olympics-related demand having peaked was not explicitly identified this time. Instead, it was presented as a general risk of deteriorating profitability due to intensifying competition for orders. - FY2021-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2021-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2021-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2020RestatedAnnual report
「In the construction industry, public investment and private-sector capital investment, mainly in the Tokyo metropolitan area, remain firm. However, Tokyo Olympics and Paralympics-related construction work has peaked, and competition for orders has become increasingly intense.」
The annual report also confirms the completion of Olympics-related construction work and intensifying competition for orders as actual business environment conditions. - FY2020-Q3MaterialisedAnnual report
「With construction work related to the Tokyo Olympics and Paralympics having run its course, competition for orders is becoming increasingly intense.」
The previously identified concern that Olympics-related construction demand would peak has been stated as an actual business environment factor. - FY2020-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2020-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2019RestatedAnnual report
「Over the medium to long term, uncertainty remains over the impact on the outlook for the domestic economy, including concerns over a downturn after Olympics-related construction demand peaks, economic trends in emerging Asian countries, particularly China, and uncertainty surrounding policies in the United States and European countries. The situation is expected to remain unpredictable.」
The company continues to identify long-term business environment risks, including concern over a downturn after Olympics-related construction demand peaks. - FY2019-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2019-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2019-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the concern over a downturn after Tokyo Olympics-related construction demand peaks. - FY2018First statedAnnual report
「Over the long term, uncertainty remains over the impact on the outlook for the domestic economy, including concerns over a downturn after Olympics-related construction demand peaks, economic trends in emerging Asian countries, particularly China, and uncertainty surrounding policies in the United States and European countries. The situation is expected to remain unpredictable.」
The company explicitly identified for the first time the risk of a downturn after Olympics-related construction demand peaks as a long-term business environment risk.