Komori
Yahagi Construction (1870) · RiskWorsened

Shortage of engineers, skilled workers and other personnel across the industry

First written in FY2016. 5 of 9 entries say "Restated". Latest entry: FY2026.

9entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2022RestatedFY2025-H1 – FY2026-H12016: 120162017: 020172018: 020182019: 120192020: 020202021: 120212022: 120222023: 020232024: 220242025: 120252026: 22026
Same theme, other companies
Schedule Delays and Rising Labor Costs Due to a Shortage of Skilled Construction WorkersA theme 16 companies write about · 16 as a headwind · 0 as a tailwind

Yahagi Construction moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).

The whole theme swung hardest in 2024: 8 of 11 companies on the "Worse" side.

4 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 16 companies compared. The sentences above are computed from all 16.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「We recognize that the challenging operating environment is likely to continue, as the shortage of skilled workers is expected to further tighten labor supply and demand and intensify upward pressure on labor costs.」

    Regarding labor shortages, we indicated that labor supply and demand is expected to tighten further and that upward pressure on labor costs is likely to intensify.
  2. 2026-05-12WorsenedRevision of earnings forecasts

    「さらに、技能労働者不足による労働需給の逼迫は一層深刻化し、労務費の上昇圧力が強まるなど、厳しい経営環境が続きました。」

    技能労働者不足について、労働需給の逼迫が一層深刻化し、労務費上昇圧力が強まったとの表現に変化している。
  3. FY2026-H1RestatedAnnual report

    「In addition, rising labor costs due to tight labor supply and demand and soaring material prices persisted, and the operating environment remained unpredictable.」

    We continue to identify tight labor supply and demand and rising labor costs as factors contributing to the challenging operating environment associated with labor shortages in the construction industry.
  4. FY2025-H1RestatedAnnual report

    「In the construction industry, public investment remained firm and private-sector capital investment showed signs of recovery, but operating conditions remained difficult due to soaring construction material prices, rising labor costs associated with tight labor supply and demand, overtime caps and shortages of workers in the construction industry.」

    We continue to recognize that soaring construction-material prices, rising labor costs due to tight labor supply and demand, regulations capping overtime work, and labor shortages are creating a challenging environment for the construction industry.
  5. FY2024WorsenedAnnual report

    「The construction industry has not yet fully escaped its labor-intensive nature, and securing personnel amid population decline is a major challenge.」

    The company explicitly stated that, despite pursuing labor-saving measures, the construction industry remains labor-intensive and securing personnel is a major challenge amid population decline and a decline in construction workers.
  6. FY2022RestatedAnnual report

    「Over the medium to long term, the shortage of workers in the construction industry is expected to become more serious as the population declines and ages.」

    The company discloses the shortage of workers in the construction industry as an ongoing risk and identifies hiring, personnel systems and support for partner contractors and other measures as responses.
  7. FY2021RestatedAnnual report

    「Over the medium to long term, the shortage of workers in the construction industry is expected to become more serious as the population declines and ages.」

    The company continues to disclose the increasing shortage of workers as a risk and identifies new graduate and experienced hiring, personnel systems and support for partner contractors as countermeasures.
  8. FY2019RestatedAnnual report

    「The shortage of workers in the construction industry is expected to become more serious.」

    The company continues to identify the increasing shortage of workers in the construction industry as a medium- to long-term risk.
  9. FY2016First statedAnnual report

    「Supply-side challenges, including shortages of engineers, skilled workers and other workers in the industry, are also expected to become increasingly serious.」

    The company indicated that shortages of engineers and skilled workers in the construction industry's supply base could become more serious.
Moved together

"Sharp increases in raw material prices and labor costs" moved the same way as this thread, in the same document, in 3 of its 9 moves.

3222★1234
  1. ★This thread
  2. 1Sharp increases in raw material prices and labor costs3×
  3. 2Emphasis on stable dividends and shareholder returns2×
  4. 3Credit risk relating to trade receivables2×
  5. 4Expanding business areas as a comprehensive real estate developer2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Yahagi Construction yet. It last moved in the Revision of earnings forecasts of 2026-05-12: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.