Shortage of skilled construction workers and rising labor costs
First written in FY2016. 15 of 25 entries say "Restated". Latest entry: FY2026.
Nankai Tatsumura Construction moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 9 of 12 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The number of construction engineers and skilled workers is declining, while the workforce is aging, and the environment surrounding the industry is expected to become increasingly challenging.」
The wording expanded from the previous reference to a chronic shortage of skilled workers to state that the number of construction engineers and skilled workers is declining and the workforce is aging. - FY2026-H1RestatedAnnual report
「The challenging business environment continues due to persistently high construction material prices and tight labor supply and demand.」
It continues to describe the problems associated with the previous shortage of skilled workers and rising labor costs as a tight labor supply-demand balance. - FY2025-H1Added measures to address overtime work regulations.Annual 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 states that, in addition to the chronic shortage of skilled workers, the need to comply with regulations governing the cap on overtime work has become apparent. - 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.」
The response to surging labor costs and other factors did not progress as planned, and segment profit from the construction business fell 55.7% year on year through deteriorating profitability on some construction projects. - 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.」
The response to surging labor costs and other factors did not progress as planned, and segment profit from the construction business fell 84.3% year on year through deteriorating profitability on some construction projects. - FY2023WorsenedAnnual report
「During this period, public investment in the construction industry remained firm, partly due to the effects of supplementary budgets. However, in addition to the shortage of skilled construction workers, surging construction material prices and other factors became more serious, resulting in a continued challenging operating environment.」
It states that, in addition to the shortage of skilled construction workers, surging construction material prices and other factors “became more serious,” reflecting a more negative assessment of the challenging industry environment. - 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.」
The chronic shortage of skilled workers is again identified, together with rising construction material prices and intensifying competition for orders, as a factor contributing to the challenging industry environment. - 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.」
Although the wording referring to a shortage of skilled construction workers is absent, rising labor costs continue to be explicitly identified as a factor contributing to the challenging operating environment in the construction industry. - FY2022-Q2Explicitly identified rising labor costs.Annual 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.」
Although the previous wording referring to a shortage of skilled construction workers is absent, rising labor costs are explicitly identified as a factor contributing to the challenging operating environment in the construction industry. - FY2020Added population aging as a structural problem.Annual report
「The construction industry also faces structural problems, including a shortage of skilled workers and an aging workforce, while concerns are growing over a deterioration in the order environment due to the economic slowdown. The environment surrounding the industry is expected to become increasingly challenging.」
In addition to the existing shortage of skilled workers, population aging is explicitly identified as a structural problem, alongside the deterioration in the order environment caused by the economic slowdown. - 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 continues to identify the shortage of skilled construction workers as a chronic problem and a risk in the industry environment. - 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 states that the shortage of skilled construction workers continues to persist. - 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 the shortage of skilled construction workers continues to persist. - 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 states that the shortage of skilled construction workers remains ongoing. - FY2019-Q2RestatedAnnual 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 persisted.」
It states that the shortage of skilled construction workers continues. - 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 there has been no sign of improvement in the shortage of skilled construction workers and that the problem continues. - FY2018RestatedAnnual report
「The challenging operating environment has continued to require close monitoring, including the surge in labor costs caused by the shortage of skilled construction workers and persistently high construction material prices.」
It states that the shortage of skilled construction workers and surging labor costs continue. - FY2018-Q3WorsenedAnnual report
「Although the order environment shows signs of improvement against the backdrop of solid construction investment, the challenging operating environment remains far from optimistic as building costs continue to remain high due to the serious shortage of skilled construction workers and other factors.」
The shortage of skilled construction workers is described as “serious,” and it states that building costs remain high due to this shortage and other factors. - FY2018-Q2RestatedAnnual report
「However, the issue of securing construction workers remains unresolved, while material prices also show signs of rising, and the challenging operating environment continues to be far from optimistic.」
It states that the issue of securing construction workers remains unresolved. - FY2018-Q1RestatedAnnual report
「During this period, the construction industry continued to operate in a business environment that could not be viewed with optimism, despite firm market conditions, due to risks including rising labor costs caused by a shortage of skilled construction workers and intensifying competition for orders.」
It states that the shortage of skilled construction workers and the resulting increase in labor costs continue. - FY2017RestatedAnnual report
「Meanwhile, the challenging operating environment has continued, with inherent risks including rising labor costs due to the chronic shortage of skilled construction workers and intensifying competition for orders.」
It continues to describe the shortage of skilled construction workers and rising labor costs as chronic problems. - FY2017-Q3WorsenedAnnual report
「During this period, the construction industry continued to face a challenging business environment due to soaring labor costs caused by the increasingly chronic shortage of construction workers across the industry and intensifying competition for orders.」
The shortage of construction workers is described as “becoming entrenched across the industry,” while labor costs are described as “surging” rather than merely “remaining high,” indicating that the problem is becoming prolonged and more serious. - FY2017-Q2RestatedAnnual report
「During this period, the construction industry continued to face a challenging business environment amid intensifying competition for orders and persistently high labor costs caused by a shortage of skilled construction workers.」
It states that the shortage of skilled construction workers and persistently high labor costs continue. - FY2017-Q1RestatedAnnual report
「The construction industry has continued to face a challenging business environment due to the impact of higher labor costs caused by the persistent shortage of skilled construction workers and intensifying competition for orders.」
It reiterates that the shortage of skilled construction workers and rising labor costs continue. - FY2016First statedAnnual report
「In the construction industry, construction material prices have regained some stability, but the challenging business environment has continued due to rising labor costs resulting from a shortage of skilled construction workers.」
It states that the shortage of skilled workers and rising labor costs had already emerged as conditions in the industry during the current period.