Surging construction material and outsourced labor costs
First written in FY2016. 14 of 22 entries say "Restated". Latest entry: FY2026-H1.
Nankai Tatsumura Construction moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 34 of 53 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The challenging business environment continues due to persistently high construction material prices and tight labor supply and demand.」
It reiterates the risk of rising costs due to persistently high construction material prices, together with tight labor supply and demand. - FY2025-H1RestatedAnnual report
「During this period, public investment in the construction industry remained solid, partly due to the effects of supplementary budgets, but the environment surrounding the industry remained challenging as persistently high construction material prices, a chronic shortage of skilled workers and the need to address the overtime work cap regulations became apparent.」
It reiterates the risk assessment that construction material prices will remain persistently high, together with the shortage of skilled workers and the need to address overtime work regulations. - FY2024-Q3MaterialisedAnnual report
「Revenue increased 1.5% year on year to ¥3,076.8 million, mainly due to progress on construction projects in progress. Segment profit decreased 55.7% year on year to ¥56.4 million, due to delays in responding as planned to surging construction material prices and labor costs, as well as deteriorating profitability on certain projects.」
Delays in responding to surging construction material prices and labor costs, together with deteriorating profitability on certain projects, continued to be reflected in actual results as a 55.7% year-on-year decline in segment profit in the construction business. - FY2024-Q2MaterialisedAnnual report
「Revenue increased 14.4% year on year to ¥2,178.2 million, mainly due to progress on construction projects in progress. Segment profit decreased 84.3% year on year to ¥16.0 million, due to delays in responding as planned to surging construction material prices and labor costs, as well as deteriorating profitability on certain projects.」
Delays in responding to surging construction material prices and labor costs, together with deteriorating profitability on certain projects, were reflected in actual results as an 84.3% decline in segment profit in the construction business. - FY2024-Q1RestatedAnnual report
「During this period, public investment in the construction industry remained firm, but the challenging business environment continued, partly due to rising construction costs, including construction material prices.」
It continues the previous risk assessment that rising construction costs, including construction material prices, are contributing to the industry's challenging business environment. - FY2023MaterialisedAnnual report
「The gross profit margin on completed construction projects decreased by 1.2 percentage points from the previous consolidated fiscal year due to surging construction material prices and other factors.」
It states that surging construction material prices and other factors actually affected performance, as reflected in a 1.2-percentage-point decline in the gross profit margin on completed construction projects. - FY2023-Q3RestatedAnnual report
「However, the environment surrounding the industry remains challenging due to rising construction material prices, intensifying competition for orders and a chronic shortage of skilled workers.」
It continues to cite rising construction material prices, together with intensifying competition for orders and a shortage of skilled workers, as factors contributing to the challenging industry environment. - FY2023-Q2WorsenedAnnual report
「During this period, public investment remained firm as a result of measures to strengthen national resilience, but rising construction material prices and intensifying competition for orders became apparent, requiring close monitoring of their impact on the business environment.」
It states that, in addition to the previous continuing increases in construction material prices, those increases have become apparent, and expresses increased concern about rising procurement costs. - FY2023-Q1RestatedAnnual report
「During this period, public investment in the construction industry remained firm, but the challenging business environment continued as competition for orders intensified and construction material prices continued to rise.」
It reconfirms the previous assessment of the cost risk if continuing increases in construction material prices cannot be reflected in contract amounts. - FY2022WorsenedAnnual report
「If it becomes difficult to reflect surging procurement prices for construction materials and outsourced labor, delays in procurement and other changes in conditions after construction work begins in contract amounts, this could affect the performance of the Group, including through lower profit margins resulting from higher construction costs.」
In addition to the previous risk of surging procurement prices, it explicitly cites procurement delays, changes in conditions after construction work begins and lower profit margins. - FY2022-Q3RestatedAnnual report
「During this period, public investment in the construction industry remained solid, but the challenging business environment continued due to intensifying competition for orders and rising labor costs and construction material prices.」
It reiterates that rising labor costs and construction material prices, together with intensifying competition for orders, are factors contributing to the challenging business environment in the construction industry. - FY2022-Q2WorsenedAnnual report
「During this period, public investment in the construction industry remained firm, but a challenging business environment continued as competition for orders intensified and labor costs and construction material prices increased.」
In addition to the previous view that construction material prices would remain persistently high, it explicitly cites price increases and expresses increased concern about rising costs. - FY2020-Q3RestatedAnnual report
「During this period, public investment remained solid, but the business environment continued to be far from reassuring due to the chronic shortage of skilled construction workers and persistently high construction material prices.」
It reiterates the risk assessment regarding procurement costs, stating that construction material prices remain persistently high. - FY2020-Q2RestatedAnnual report
「The shortage of skilled construction workers and persistently high construction material prices continue, and the challenging business environment cannot be viewed with optimism.」
It reiterates the previous risk assessment that construction material prices continue to remain persistently high. - FY2020-Q1RestatedAnnual report
「However, the challenging business environment continues, with the shortage of skilled construction workers and persistently high construction material prices showing no sign of abating, and it cannot be viewed with optimism.」
It states that construction material prices continue to remain persistently high. - FY2019-Q3RestatedAnnual report
「During this period, the order environment remained favorable against a backdrop of firm construction investment. However, the business environment remained far from reassuring as the shortage of skilled construction workers and persistently high construction material prices continued, and some indicators showed that public investment had recently weakened.」
It continues to explain that construction material prices remain persistently high. - FY2019-Q1RestatedAnnual report
「Although construction investment remains firm, the construction industry remains in a business environment requiring close monitoring, as there has been no improvement in the shortage of skilled construction workers and construction material prices remain high.」
It states that construction material prices remain persistently high. - FY2018RestatedAnnual report
「If procurement prices for construction materials and outsourced labor surge and it becomes difficult to reflect them in contract amounts, this could affect the performance of the Group.」
It continues to identify the impact on performance of surging construction material and outsourced labor costs and the difficulty of reflecting them in contract amounts. - FY2018-Q3WorsenedAnnual report
「With construction costs remaining persistently high due to a serious shortage of skilled construction workers and other factors, the business environment remains one that cannot be viewed with optimism.」
The wording has changed from the previous reference to signs of rising material prices to a statement that construction costs remain persistently high due to a shortage of skilled construction workers and other factors. - FY2018-Q2RestatedAnnual report
「The issue of securing construction workers remains unresolved, and material prices also show signs of rising, so the challenging business environment cannot be viewed with optimism.」
It continues to identify the risk of rising procurement prices, stating that the issue of securing construction workers remains unresolved and material prices show signs of rising. - FY2017RestatedAnnual report
「If procurement prices for construction materials and outsourced labor surge and it becomes difficult to reflect them in contract amounts, this could affect the performance of the Group.」
It continues to identify the impact on performance as a risk if increases in construction material and outsourced labor costs cannot be reflected in contract amounts. - FY2016First statedAnnual report
「If procurement prices for construction materials and outsourced labor surge and it becomes difficult to reflect them in contract amounts, this could affect the performance of the Group.」
It identifies the impact on earnings as a risk if increases in procurement prices cannot be passed through to contract amounts.