Downside Risk to Results from Delays in Large Construction Projects
First written in FY2017-Q1. 10 of 22 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-08-06.
The whole theme swung hardest in 2022: 3 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「Revenue increased 34.2% year on year to ¥27.1 billion, as progress on large-scale projects remained at a high level.」
The company again indicates that progress on large-scale projects remained at a high level, addressing the risk of stalled progress. - FY2026MitigatedAnnual report
「During the fiscal year, we received orders for large civil engineering and building projects. Revenue increased 21.1% year on year to ¥104.7 billion, as progress on large construction projects remained at a high level.」
Despite the risk of stagnation in progress on large construction projects, progress remained at a high level for the full year, and consolidated revenue increased 21.1% year on year. - 2026-03-17MitigatedRevision of earnings forecasts
「Construction revenue is expected to increase by ¥5.0 billion from the previous forecast, as construction revenue is expected to rise because construction progress has remained at a high level.」
The company states that construction progress has remained at a high level and that construction revenue is expected to increase. The description has shifted toward improvement from the previous period of stalled progress at large-scale projects, which had posed downside risk to earnings. - FY2026-H1MitigatedAnnual report
「Revenue increased 29.1% year on year to ¥45.4 billion, as progress rates increased on several large construction projects.」
In contrast to the stagnation in progress on large construction projects that became apparent in the first half of the previous period, progress rates increased on several large projects, and revenue also rose 29.1% year on year. - FY2025-H1MaterialisedAnnual report
「Although we secured several large civil engineering and building projects, progress rates did not increase on several of them, and we secured few projects expected to make progress during the first half. As a result, revenue declined 24.1% year on year to ¥35.1 billion.」
The failure of progress rates to increase on several large projects, together with the limited number of projects secured that were expected to make progress during the first half, was reflected in a 24.1% year-on-year decline in revenue. - FY2024-Q3RestatedAnnual report
「Revenue increased 16.4% year on year to ¥71.7 billion, as progress on construction projects increased compared with the previous period.」
Unlike the decline in construction progress in the previous period, construction progress also increased this quarter, and revenue rose 16.4% year on year. - FY2024-Q2MitigatedAnnual report
「Revenue increased 13.4% year on year to ¥46.3 billion, as progress on construction projects increased compared with the previous period.」
Unlike the previous fiscal year and previous period, when declines in construction progress led to lower earnings, progress increased this quarter and consolidated revenue rose 13.4% year on year. - FY2024-Q1MitigatedAnnual report
「Revenue increased 17.7% year on year to ¥22.5 billion, as progress on construction projects increased compared with the previous period.」
Unlike the decline in construction progress in the previous period, construction progress increased this quarter, and revenue also rose 17.7% year on year. - FY2023MaterialisedAnnual report
「Revenue declined 5.8% year on year to ¥84.0 billion, mainly because progress on construction projects decreased compared with the previous period.」
The decline in construction progress was reflected in full-year revenue of ¥84.0 billion, down 5.8% year on year. - FY2023-Q3MaterialisedAnnual report
「Revenue declined 4.9% year on year to ¥61.5 billion, as progress on construction projects decreased compared with the previous period.」
The decline in construction progress actually occurred and was reflected in a 4.9% year-on-year decrease in consolidated revenue. - FY2023-Q2MaterialisedAnnual report
「Revenue declined 4.5% year on year to ¥40.8 billion, as progress on construction projects decreased compared with the previous period.」
The decline in construction progress also occurred during the quarter, resulting in a 4.5% year-on-year decrease in consolidated revenue. - FY2023-Q1MaterialisedAnnual report
「Revenue declined 5.0% year on year to ¥19.1 billion, as progress on construction projects decreased compared with the previous period. In terms of profit and loss, mainly because revenue from completed construction contracts decreased, operating profit was ¥1.1 billion, down 21.7% year on year.」
The decline in construction progress was reflected in a 5.0% decrease in revenue and a 21.7% decrease in operating profit, with the actual earnings downturn attributed to construction progress. - FY2022-Q3MitigatedAnnual report
「Under these circumstances, because we thoroughly implemented infection-control measures, our construction projects in progress both in Japan and overseas advanced with almost no interruption.」
The company explained that, despite the construction delays that occurred in the previous fiscal year, its construction projects in progress in Japan and overseas advanced with almost no interruption. - FY2022-Q2MitigatedAnnual report
「As a result of our continued efforts under these circumstances, construction progress advanced compared with the previous period, and revenue from the construction business increased 10.6% year on year to ¥42.3 billion.」
Compared with the delays in construction progress in the previous fiscal year, construction progress advanced during the quarter, and revenue from the construction business increased 10.6% year on year. - FY2022-Q1MitigatedAnnual report
「Revenue increased 20.9% year on year to ¥20.1 billion, as progress on construction projects increased compared with the previous period.」
The company explained that, following delays in construction progress relative to expectations in the previous fiscal year, construction progress increased during the quarter and revenue rose 20.9% year on year. - FY2021MaterialisedAnnual report
「Revenue declined 16.7% year on year to ¥89.8 billion, mainly because progress on construction projects was slower than expected, reducing revenue from completed construction contracts.」
Delays in construction progress relative to expectations continued throughout the fiscal year, resulting in lower revenue and profit. - FY2021-Q3MaterialisedAnnual report
「Revenue declined 21.3% year on year to ¥63.2 billion, as progress on construction projects was slower than expected compared with the previous period.」
Continued delays in construction progress relative to expectations led to the decline in revenue. - FY2021-Q2MaterialisedAnnual report
「Because construction progress in the construction business was slower than expected compared with the previous fiscal year, net sales decreased 27.3% year on year to ¥38.9 billion.」
Delays in construction progress relative to expectations recurred, leading to a decline in net sales and an operating loss. - FY2018DroppedAnnual report
「As the construction backlog of our group's construction business was on an upward trend and construction progress was steady, net sales increased 20.9% year on year to ¥19.6 billion.」
The company explains that construction progress was steady during the current fiscal year, and delays in the progress of large-scale construction projects are not identified as an ongoing theme in the performance or risk disclosures. - FY2018-Q1MitigatedAnnual report
「As the construction backlog of our group's construction business was on an upward trend and construction progress was steady, net sales increased 20.9% year on year to ¥19.6 billion.」
Unlike the delays in the progress of large-scale construction projects that occurred in the previous fiscal year, the company explains that the construction backlog was on an upward trend and construction progress was steady during the quarter. - FY2017DroppedAnnual report
「Net sales increased 6.9% year on year to ¥82.2 billion. Operating income was ¥2.9 billion, up 15.1% year on year, ordinary income was ¥2.8 billion, up 17.3%, and net income attributable to owners of the parent was ¥2.4 billion, up 19.3%.」
The downward impact on performance from delays in the progress of large-scale construction projects described in the previous quarter is not identified as an ongoing theme in the current year's performance commentary or risk disclosures. - FY2017-Q1MaterialisedAnnual report
「Although the construction backlog of our group's construction business was on an upward trend, net sales were limited to ¥16.2 billion, up 5.1% year on year, mainly because of delays in the progress of large-scale construction projects. As a result, operating income was ¥62 million, down 83.7% year on year, ordinary income was ¥17 million, down 95.4%, and quarterly net income attributable to owners of the parent was ¥56 million, down 83.6%.」
The company explains that delays in the progress of large-scale construction projects and other factors actually occurred, limiting sales growth and causing significant year-on-year declines in operating income, ordinary income and quarterly net income attributable to owners of the parent.