Risks from skilled-worker shortages and rising labor and material prices
First written in FY2016. 26 of 38 entries say "Restated". Latest entry: 2026-08-07.
Ichiken moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 28 of 41 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「The outlook remains uncertain due to rising construction material prices and worsening procurement conditions resulting from the impact of crude oil prices amid deteriorating conditions in the Middle East, as well as soaring labor costs caused by chronic labor shortages.」
In addition to the existing risk of higher material prices and labor costs, the note explicitly identifies worsening material procurement conditions due to conditions in the Middle East and crude oil prices. - 2026-05-18WorsenedEarnings
「中東情勢の悪化による原油価格の影響から生じる建設資材価格の上昇や調達環境の悪化に加え、慢性的な労働力不足による労務費の高騰等、先行き不透明な経営環境が続いております。」
従来の資材価格上昇・労働力不足に加え、中東情勢を背景とする資材価格上昇と調達環境悪化を明示している。 - FY2026-H1RestatedAnnual report
「In the construction industry, government construction investment has remained firm, and private-sector capital investment also increased against a backdrop of improved corporate earnings. At the same time, the operating environment remains uncertain due to the outlook for future capital investment and soaring labor and material costs resulting from chronic labor shortages.」
The note continues to identify the outlook for capital investment, as well as soaring labor and material costs resulting from chronic labor shortages, as factors contributing to the uncertain construction environment. - FY2025RestatedAnnual report
「In the construction industry, government construction investment has remained firm, and private-sector capital investment also increased against a backdrop of decarbonization, digitalization, and improved corporate earnings. Nevertheless, the industry continues to face a difficult operating environment due to chronic labor shortages and soaring material prices.」
The note continues to identify chronic labor shortages and soaring material prices as major risks contributing to the difficult operating environment in the construction industry. - FY2024RestatedAnnual report
「In addition, the construction industry continues to face labor shortages and soaring material prices, making it an urgent priority to address structural issues, including the response to the 2024 problem, namely the statutory cap on overtime hours.」
The note continues to identify labor shortages, soaring material prices, and the response to the statutory cap on overtime hours as structural issues facing the construction industry. - FY2024-Q3WorsenedAnnual report
「In the construction industry, government construction investment has remained firm, and private-sector capital investment has shown signs of recovery, supported by solid personal consumption and inbound demand. However, the industry continues to face difficult conditions, including concerns about tight supply and demand for construction equipment and materials following the Noto Peninsula Earthquake on 1 January 2024, as well as rising construction costs due to chronic labor shortages and soaring material prices.」
In addition to the existing chronic labor shortage, soaring material prices, and rising construction costs, the note explicitly identifies concerns about tight supply and demand for construction equipment and materials following the Noto Peninsula Earthquake. - FY2024-Q2RestatedAnnual report
「In the construction industry, government construction investment has remained firm, and private-sector capital investment has shown signs of recovery in areas such as commercial facilities and hotels, supported by a recovery in personal consumption and increased inbound demand. However, the industry continues to face difficult conditions, including rising construction costs due to a chronic shortage of skilled workers and soaring labor and material costs.」
The note identifies a chronic shortage of skilled workers, soaring labor and material costs, and rising construction costs as factors contributing to the continued difficult construction environment. - FY2024-Q1RestatedAnnual report
「In the construction industry, government construction investment has remained firm, and private-sector capital investment has shown signs of recovery in areas such as commercial facilities and hotels, supported by stronger personal consumption and a recovery in inbound demand as the number of visitors to Japan increases. However, the industry continues to face difficult conditions, including rising construction costs due to a chronic shortage of skilled workers and soaring labor and material costs.」
The note identifies a chronic shortage of skilled workers, soaring labor and material costs, and rising construction costs as factors contributing to the continued difficult construction environment. - FY2023WorsenedAnnual report
「In the construction industry, the difficult operating environment is expected to continue, owing to labor shortages caused by the aging of the construction workforce and long working hours, as well as rising construction costs due mainly to higher energy prices and the weaker yen, which have driven up material prices.」
In addition to the existing shortage of skilled workers and higher labor and material costs, the note explicitly identifies the aging workforce, long working hours, higher energy prices, and the weaker yen as contributing factors. - FY2023-Q3RestatedAnnual report
「In the construction industry, government construction investment has remained firm, and although private-sector capital investment has shown signs of recovery, the industry continues to face difficult conditions, including rising construction costs due to a chronic shortage of skilled workers and persistently high material prices.」
The note identifies rising construction costs caused by a chronic shortage of skilled workers and persistently high material prices as factors contributing to the continued difficult construction environment. - FY2023-Q2WorsenedAnnual report
「In the construction industry, government construction investment has remained at a certain level, and although private-sector capital investment has shown signs of recovery, the industry continues to face difficult conditions, including intensifying competition for orders, a chronic shortage of skilled workers, and rising construction costs due to soaring construction material prices.」
The note identifies intensifying competition for orders, a chronic shortage of skilled workers, and rising construction costs due to soaring construction material prices, and continues to describe the construction industry as being in a difficult environment. - FY2022WorsenedAnnual report
「Regarding the future business environment, the timing of the end of the COVID-19 pandemic remains unforeseeable, while concerns include soaring energy and raw material costs resulting from the situation in Ukraine. In addition, in the construction industry, intensifying competition for orders, soaring labor costs and rising construction material prices are expected to result in a continued difficult business environment.」
In addition to the previously identified shortages of skilled workers and rising labor and construction material prices, the company explicitly identifies concerns over soaring energy and raw material costs resulting from the situation in Ukraine. - FY2022-Q3RestatedAnnual report
「In the construction industry, with the economic outlook remaining uncertain due to COVID-19, intensifying competition for orders, soaring labor costs caused by shortages of skilled workers and rising construction material prices continue to create a difficult business environment.」
The company continues to describe intensifying competition for orders, soaring labor costs caused by shortages of skilled workers and rising construction material prices as factors contributing to a difficult business environment. - FY2022-Q2RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while soaring labor costs and rising construction material prices have continued to create a difficult business environment.」
The company continues to describe intensifying competition for orders, soaring labor costs and rising construction material prices as factors contributing to a difficult business environment. - FY2022-Q1RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while soaring labor costs and rising construction material prices have continued to create a difficult business environment.」
The company continues to identify intensifying competition for orders, soaring labor costs and rising construction material prices as key business environment risks. - FY2021RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while soaring labor costs and rising construction material prices have continued to create a difficult business environment.」
The company continues to identify intensifying competition for orders, soaring labor costs and rising construction material prices as key risks contributing to a difficult business environment. - FY2021-Q3RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while concerns also remain over soaring labor costs and rising construction material prices. The difficult business environment remains unpredictable.」
The company continues to identify intensifying competition for orders, soaring labor costs and concerns over rising construction material prices as key business environment risks. - FY2021-Q2RestatedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, while concerns also remain over soaring labor costs and rising construction material prices. The difficult business environment remains unpredictable.」
The company continues to identify intensifying competition for orders and concerns over soaring labor costs and rising construction material prices as key business environment risks. - FY2021-Q1WorsenedAnnual report
「In the construction industry, restrictions on economic activity resulting from the spread of COVID-19 have intensified competition for orders, and concerns remain over the spread of disruption and stagnation in securing labor and construction materials. The difficult business environment remains unpredictable.」
Against the backdrop of the spread of COVID-19, the company has newly raised concerns over the spread of disruption and stagnation in securing labor and construction materials, broadening its previous description of risks from labor shortages and rising material prices. - FY2020WorsenedAnnual report
「In addition to rising labor costs, restrictions on economic activity in China caused by COVID-19 have disrupted or stalled the construction materials supply chain, and concerns remain that the effects could spread. The difficult business environment remains unpredictable.」
In addition to rising labor and material costs, restrictions on economic activity in China caused by COVID-19 and disruption and stagnation in the construction materials supply chain have been newly identified. - FY2020-Q3WorsenedAnnual report
「The difficult business environment remains unpredictable, due to factors including rising construction material and labor costs and labor shortages resulting from difficulties in recruitment.」
In addition to rising construction material and labor costs, labor shortages caused by difficulties in recruitment have been explicitly identified, providing greater specificity to the risk description concerning shortages of skilled workers. - FY2020-Q2RestatedAnnual report
「In the construction industry, public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment have remained firm, driven by improved corporate earnings. However, construction material prices remain elevated and labor costs are rising. In addition, as the number of construction workers declines, efforts to develop the next generation of workers and improve productivity through work-style reform, in addition to improving working conditions, have become immediate challenges, and the difficult business environment remains unpredictable.」
The company continues to describe elevated construction material prices, rising labor costs and the decline in construction workers as factors contributing to an unpredictable business environment. - FY2020-Q1RestatedAnnual report
「In the construction industry, public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment have remained firm, driven by Tokyo Olympic and Paralympic-related projects and improved corporate earnings, but the rise in construction material prices has become pronounced. In addition, as the number of construction workers declines, efforts to develop the next generation of workers and improve productivity through work-style reform, in addition to improving working conditions, have become immediate challenges, and the difficult business environment remains unpredictable.」
The company continues to note that construction material price increases are pronounced and that the decline in construction workers is a challenge. - FY2019RestatedAnnual report
「However, concerns remain over chronic shortages of skilled workers and increases in labor, material and transportation costs, and the importance of risk management related to construction management and project profitability is expected to increase further.」
The company continues to identify chronic shortages of skilled workers and rising labor, material and transportation costs as key risks related to construction management and project profitability. - FY2019-Q3RestatedAnnual report
「In the construction industry, public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment have remained firm, driven by Tokyo Olympic and Paralympic-related projects and improved corporate earnings, but the rise in construction material prices has become pronounced. In addition, as the number of construction workers declines, efforts to develop the next generation of workers and improve productivity through work-style reform, in addition to improving working conditions, have become immediate challenges, and the difficult business environment remains unpredictable.」
The company continues to note that construction material price increases are pronounced and that the decline in construction workers is a challenge. No quantification of risks or actual losses is indicated. - FY2019-Q2RestatedAnnual report
「In the construction industry, public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment have remained firm, driven by Tokyo Olympic and Paralympic-related projects and improved corporate earnings, but the rise in construction material prices has become pronounced. In addition, as the number of construction workers declines, efforts to develop the next generation of workers and improve productivity through work-style reform, in addition to improving working conditions, have become immediate challenges, and the difficult business environment remains unpredictable.」
The company continues to note that construction material price increases are pronounced and that the decline in construction workers is a challenge. - FY2019-Q1RestatedAnnual report
「In the construction industry, public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment have remained firm, driven by Tokyo Olympic and Paralympic-related projects and improved corporate earnings, but the rise in construction material prices has become pronounced. In addition, as the number of construction workers declines, efforts to develop the next generation of workers and improve productivity through work-style reform, in addition to improving working conditions, have become immediate challenges, and the difficult business environment remains unpredictable.」
The company continues to note that construction material price increases are pronounced and that the decline in construction workers is a challenge. - FY2018RestatedAnnual report
「However, concerns remain over chronic shortages of skilled workers and increases in labor, material and transportation costs, and the importance of risk management related to construction management and project profitability is expected to increase further.」
The company continues to identify chronic shortages of skilled workers and rising labor, material and transportation costs as key risks related to construction management and project profitability. - FY2018-Q3RestatedAnnual report
「In the construction industry, public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment have remained firm, driven by Tokyo Olympic and Paralympic-related projects and improved corporate earnings, but the rise in construction material prices has become pronounced. In addition, as the number of construction workers declines, efforts to develop the next generation of workers and improve productivity through work-style reform, in addition to improving working conditions, have become immediate challenges, and the difficult business environment remains unpredictable.」
The company continues to note that construction material price increases are pronounced and that the decline in construction workers is a challenge. - FY2018-Q2WorsenedAnnual report
「In the construction industry, public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment have remained firm, driven by Tokyo Olympic and Paralympic-related projects and improved corporate earnings, but the rise in construction material prices has become pronounced. In addition, as the number of construction workers declines, efforts to develop the next generation of workers and improve productivity through work-style reform, in addition to improving working conditions, have become immediate challenges, and the difficult business environment remains unpredictable.」
The rise in construction material prices has become pronounced, and the decline in construction workers has been explicitly identified, strengthening the business environment risks related to rising material prices and shortages of skilled workers. - FY2018-Q1RestatedAnnual report
「In the construction industry, signs of recovery have emerged, including increases in public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment, driven by Tokyo Olympic and Paralympic-related projects and improved corporate earnings. However, the difficult business environment remains unpredictable, due to concerns over shortages of skilled workers and rising labor, material and transportation costs.」
The company continues to describe shortages of skilled workers and concerns over rising labor, material and transportation costs as factors contributing to an unpredictable business environment. - FY2017RestatedAnnual report
「However, concerns remain over chronic shortages of skilled workers and increases in labor, material and transportation costs, and the importance of risk management related to construction management and project profitability is expected to increase further.」
The company continues to identify shortages of skilled workers and concerns over rising labor, material and transportation costs as key business environment risks. - FY2017-Q3RestatedAnnual report
「In the construction industry, signs of recovery have emerged, including increases in public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment, driven by Olympic-related projects and stronger inbound demand. However, the difficult business environment remains unpredictable, due to concerns over shortages of skilled workers and rising labor and material costs.」
The company continues to describe shortages of skilled workers and concerns over rising labor and material costs as factors contributing to an unpredictable business environment. - FY2017-Q2RestatedAnnual report
「In the construction industry, signs of recovery have emerged, including increases in public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment, driven by Olympic-related projects and stronger inbound demand. However, the difficult business environment remains unpredictable, due to concerns over shortages of skilled workers and rising labor and material costs.」
The company continues to describe shortages of skilled workers and concerns over rising labor and material costs as factors contributing to an unpredictable business environment. - FY2017-Q1RestatedAnnual report
「In the construction industry, signs of recovery have emerged, including increases in public investment, particularly in the Tokyo metropolitan area, and private-sector capital investment, driven by Olympic-related projects and stronger inbound demand. However, the difficult business environment remains unpredictable, due to concerns over shortages of skilled workers and rising labor and material costs.」
The company continues to describe shortages of skilled workers and concerns over rising labor and material costs as factors contributing to an unpredictable business environment. - FY2016First statedAnnual report
「Close attention is required to trends including shortages of skilled workers and increases in labor and material costs, and the importance of risk management related to construction management and project profitability is expected to increase further.」
The company identifies shortages of skilled workers and rising labor and material costs as external risks related to construction management and project profitability.