Risk of a substantial decline in public investment and private capital investment
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2024: 8 of 30 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「If construction investment declines substantially beyond expectations due to a decline in public investment or a decline in private capital investment caused by economic downturns in Japan and overseas, the competitive and business environments could change substantially, potentially affecting the performance of the Group.」
The company reconfirms the risk that construction investment may contract due to declines in public investment and private capital investment, including changes in the competitive and business environments. - FY2019RestatedAnnual report
「If construction investment declines substantially beyond expectations due to a decline in public investment resulting from fiscal constraints or a decline in private capital investment caused by economic downturns in Japan and overseas, this could affect the performance of the Group.」
The company repeats the risk that construction investment may contract due to a substantial decline in public investment and private capital investment. - FY2018RestatedAnnual report
「If construction investment declines substantially beyond expectations due to a decline in public investment resulting from fiscal constraints or a decline in private capital investment caused by economic downturns in Japan and overseas, this could affect the performance of the Group.」
The company repeats the same risk of a substantial decline in public investment and private capital investment. - FY2017First statedAnnual report
「If construction investment declines substantially beyond expectations due to a decline in public investment resulting from fiscal constraints or a decline in private capital investment caused by economic downturns in Japan and overseas, this could affect the performance of the Group.」
The company explicitly identifies the risk that public investment and private capital investment may decline beyond expectations, reducing construction investment.