Komori
Wakachiku Construction (1888) · RiskAdditional Disclosure of Materials Supply RiskLatest Earnings (2026-08-06): "Restated"

Shortages of Skilled Workers and Rising Construction and Materials Costs

First written in FY2016. 17 of 31 entries say "Restated". Latest entry: 2026-08-06.

31entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q3RestatedFY2019-Q1 – FY2021-Q3WorsenedFY2021 – FY2023-Q3WorsenedFY2024-Q1 – FY20252016: 220162017: 420172018: 420182019: 320192020: 320202021: 220212022: 320222023: 320232024: 220242025: 220252026: 32026
Same theme, other companies

Wakachiku 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: 17 of 27 companies on the "Worse" side.

17 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 32 companies compared. The sentences above are computed from all 32.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06RestatedEarnings

    「Continued efforts are required to address industry challenges, including surging construction-material prices and labor shortages caused by a declining working-age population.」

    Higher construction-material prices and labor shortages are reiterated as industry challenges requiring continued efforts.
  2. FY2026Additional Disclosure of Materials Supply RiskAnnual report

    「In the construction industry, both public and private capital investment remain solid, but attention needs to be paid to trends in the supply of construction materials amid turmoil in global affairs, while continued efforts to address industry-wide challenges, including soaring construction material prices and labor shortages resulting from the declining working-age population, are required.」

    In addition to soaring construction material prices and labor shortages, it explicitly identifies trends in material supplies amid turmoil in global affairs as a matter requiring attention.
  3. 2026-05-14RestatedEarnings

    「Rising prices and the decline in the working-age population remain urgent issues, making it essential to improve productivity and promote human-capital management.」

    Higher construction costs and labor shortages resulting from the declining working-age population are reiterated as urgent issues.
  4. FY2026-H1RestatedAnnual report

    「In the construction industry, both public investment and private capital investment remain solid, but continued efforts to address industry-wide challenges, including soaring construction material prices and labor shortages resulting from the declining working-age population, are required.」

    While describing public and private capital investment as solid, it reiterates that soaring construction material prices and labor shortages resulting from the declining working-age population are industry-wide challenges requiring continued efforts.
  5. FY2025WorsenedAnnual report

    「In the construction industry, both public investment and private capital investment remain solid, but the impact of soaring construction material prices, labor shortages resulting from the declining working-age population, and working-hours regulations needs to be monitored.」

    In addition to soaring material prices and labor shortages, it explicitly identifies the impact of working-hours regulations, broadening the matters requiring attention concerning construction costs and labor supply.
  6. FY2025-H1WorsenedAnnual report

    「In the construction industry, both public investment and private capital investment remain solid, but the impact of rising construction prices and tight labor supply and demand resulting from the declining working-age population needs to be monitored.」

    In addition to the existing risks related to rising construction material and labor costs, it explicitly identifies tight labor supply and demand resulting from the declining working-age population.
  7. FY2024-Q3WorsenedAnnual report

    「In the construction industry, public investment is expected to remain firm, centered on disaster prevention and mitigation measures. Private construction investment remains solid, but the impact of rising labor and construction material costs and the 2024 issue on capital investment needs to be monitored.」

    In addition to rising labor and construction material costs, it explicitly identifies the impact of the 2024 issue on capital investment as a new matter requiring attention.
  8. FY2024-Q1WorsenedAnnual report

    「Private-sector construction investment has recovered as economic activity has picked up, but attention must also be paid to rising labor and construction material costs and curbs on capital investment due to an economic downturn.」

    Rising personnel expenses related to human resources are explicitly identified as a business-environment burden alongside soaring construction material prices.
  9. FY2023Human resources security risk disclosed as a separate itemAnnual report

    「The working-age population has declined in recent years due to the declining birthrate and aging population, while skilled workers who support the construction industry are also aging. If the Company is unable to secure sufficient human resources, this could affect the Group's business results and financial position over the long term.」

    It explicitly identifies the existing recognition of skilled labor shortages and an aging workforce as a separate risk item concerning the impact on business results and financial position if sufficient human resources cannot be secured.
  10. FY2023-Q3WorsenedAnnual report

    「Private construction investment is recovering against a backdrop of improved corporate earnings and other factors, but the impact of soaring construction material prices and restrained capital investment resulting from an economic downturn needs to be monitored.」

    Regarding the existing risk of higher material prices, it explicitly identifies soaring construction material prices and restrained capital investment resulting from an economic downturn.
  11. FY2023-Q2WorsenedAnnual report

    「During the 2nd quarter cumulative consolidated period, Japan's economy was gradually recovering as the spread of COVID-19 was brought under control and economic and social activity normalized. However, soaring raw material and resource prices resulting from record yen depreciation and supply chain disruptions are having a significant impact on the economic recovery.」

    In addition to the existing issues of rising raw material prices and supply chain disruptions, it explicitly identifies soaring raw material and resource prices resulting from record yen depreciation.
  12. FY2022WorsenedAnnual report

    「In addition, soaring raw material and resource prices and supply chain disruptions resulting from turmoil overseas are having a significant impact on the economic recovery.」

    In addition to the existing issues of skilled labor shortages and rising construction costs, it explicitly identifies soaring raw material and resource prices and supply chain disruptions.
  13. FY2022-Q3WorsenedAnnual report

    「During the 3rd quarter cumulative consolidated period, Japan's economy continued to show signs of recovery despite remaining in a severe situation due to the impact of COVID-19, but the pace of recovery has weakened under the impact of rising raw material prices, including crude oil, supply chain disruptions, and the slowdown in the Chinese economy.」

    In addition to the existing risks related to skilled labor shortages, construction costs, and rising material prices, it explicitly identifies rising raw material prices and supply chain disruptions.
  14. FY2021WorsenedAnnual report

    「However, the expected future decline in construction workers is a concern, and work-style reform, including achieving a 2-day weekend, improving productivity, and securing the workforce are urgent challenges for the industry as a whole.」

    It emphasizes the concern over a decline in construction workers as an urgent industry-wide challenge linked to work-style reform, productivity improvements, and securing the workforce.
  15. FY2021-Q3RestatedAnnual report

    「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  16. FY2021-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  17. FY2021-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  18. FY2020-Q3RestatedAnnual report

    「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  19. FY2020-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  20. FY2020-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  21. FY2019-Q3RestatedAnnual report

    「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  22. FY2019-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  23. FY2019-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  24. FY2018WorsenedAnnual report

    「However, the number of construction workers is expected to decline in the future, making productivity improvements, securing young people to support the industry's future, and human resources development challenges for the industry as a whole.」

    In addition to the existing issues of skilled labor shortages and rising costs, it identifies the expected future decline in construction workers and describes productivity, securing young workers, and human resources development as challenges for the industry as a whole.
  25. FY2018-Q3RestatedAnnual report

    「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  26. FY2018-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  27. FY2018-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  28. FY2017DroppedAnnual report

    「(1) Risk of fluctuations in the construction market The Company plans to actively enter businesses such as environmental-related operations and renovation operations as part of its efforts in private-sector construction. If these initiatives are pursued, risks are a concern with respect to the collection of construction payments and business funds.」

    The previous filing's disclosures on skilled labor shortages, rising construction costs, and higher material prices do not appear in the current filing's business and other risks.
  29. FY2017-Q3RestatedAnnual report

    「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  30. FY2017-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    It states that there have been no additional developments or material changes in the risks related to skilled labor shortages and rising construction costs and material prices.
  31. FY2016First statedAnnual report

    「Challenges remain, including rising construction costs resulting from shortages of skilled construction workers and higher material prices.」

    It identifies rising costs due to shortages of skilled workers and higher material prices as business-environment risks for the construction business.
Moved together

"Risk of Construction-Market Volatility, Including Lower Public Investment" moved the same way as this thread, in the same document, in 5 of its 31 moves.

544322★123456
  1. ★This thread
  2. 1Risk of Construction-Market Volatility, Including Lower Public Investment5×
  3. 2Downside Risk to Results from Delays in Large Construction Projects4×
  4. 3Financial Risk from Market Disruptions and Deteriorating Order Conditions4×
  5. 4Short-Term Operating Profit Pressure from DX and Human Capital Investment3×
  6. 5Strengthening the Business Foundation Through Sustainable Growth2×
  7. 6Support for Partner Companies and Improving Their Treatment2×

★ 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
Wakachiku Construction's next results are scheduled for 2026-11-09. Read the earnings preview It last moved in the Earnings of 2026-08-06: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.