Komori
PS Construction (1871) · RiskRestated

Decline in public works contract prices

First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2024.

7entries
9years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018WorsenedFY20202016: 120162017: 120172018: 120182019: 020192020: 120202021: 020212022: 120222023: 120232024: 12024
Same theme, other companies
Intensifying market competition and order intake and price fluctuations driven by business cyclesA theme 71 companies write about · 72 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2020: 29 of 54 companies on the "Worse" side.

25 other companies' latest entry also says "Restated".

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 71 companies compared. The sentences above are computed from all 71.
Full recordFilings, disclosures and news, newest first
  1. FY2024RestatedAnnual report

    「In the construction industry to which the Group belongs, a contraction of the market or intensifying competition for orders could affect earnings through lost opportunities to win orders, deteriorating project profitability and other factors.」

    The company continues to disclose the comprehensive competitive risk of lost order opportunities and deterioration in construction profitability due to market contraction and intensified competition for orders.
  2. FY2023ReframedAnnual report

    「In the construction industry to which the Group belongs, a contraction of the market or intensifying competition for orders could affect earnings through lost opportunities to win orders, deteriorating project profitability and other factors.」

    The previously disclosed risk of lower unit prices for public works orders has been reorganized in the current risk disclosure as a comprehensive competitive risk involving lost order opportunities and deterioration in construction profitability due to market contraction and intensified competition for orders.
  3. FY2022RestatedAnnual report

    「If public works contract prices decline more than expected, this could affect earnings. In addition, if competition for orders from private-sector operators causes contract amounts to fall below expectations, this could affect the Group’s earnings.」

    It continues to describe the risk of lower contract amounts resulting from competition for private-sector orders, in addition to declining public works contract prices.
  4. FY2020WorsenedAnnual report

    「If public works contract prices decline more than expected, this could affect earnings. In addition, if competition for orders from private-sector operators causes contract amounts to fall below expectations, this could affect the Group’s earnings.」

    In addition to declining public works contract prices, it explicitly identifies lower contract amounts resulting from competition with private-sector operators as a risk.
  5. FY2018RestatedAnnual report

    「If public works contract prices decline more than expected, this could affect earnings.」

    It continues to describe the risk of an earnings impact from declining public works contract prices.
  6. FY2017RestatedAnnual report

    「If public works contract prices decline more than expected, this could affect earnings.」

    It continues to describe the risk of an earnings impact from declining public works contract prices.
  7. FY2016First statedAnnual report

    「If public works contract prices decline more than expected, this could affect earnings.」

    It identifies declining contract prices as a risk related to the business model of winning public works contracts.
Moved together

"Higher construction costs due to soaring material prices and deteriorating labor conditions" moved the same way as this thread, in the same document, in 2 of its 7 moves.

2222★1234
  1. ★This thread
  2. 1Higher construction costs due to soaring material prices and deteriorating labor conditions2×
  3. 2Long-term contraction of the domestic construction market and the shift from new construction to maintenance and repair2×
  4. 3Construction Industry Strength Supported by Public- and Private-Sector Investment2×
  5. 4Deterioration in the Order and Earnings Environment Due to Renewed Competition for Orders2×

★ 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 PS Construction yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Decline in public works contract prices | PS Construction Co.,Ltd. (1871) | Komori