Dependence on Reductions in Public Works Spending and Trends in Public Works Procurement
First written in FY2016. 32 of 34 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 7 of 31 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the road construction industry, trends in construction tenders remained solid, supported by expressway operators’ renewal projects and the government’s promotion of national resilience measures.」
While indicating solid tenders supported by expressway renewal projects and national resilience measures, the company continues to recognize the structure whereby its core businesses are affected by trends in public works tenders. - FY2026-H1RestatedAnnual report
「In the road construction industry, public investment remained solid. However, the business environment remained uncertain, as raw material and fuel prices continued to remain at high levels.」
While describing public investment as solid, the company continues to disclose uncertainty in trends in public investment surrounding its core businesses and in raw material and fuel prices. - FY2024-Q3RestatedAnnual report
「In the road construction industry, construction tenders have remained solid. However, the business environment remains uncertain, and close attention continues to be required for trends in crude oil prices and foreign exchange rates.」
While describing construction tenders as solid, the company continues to recognize a business environment affected by trends in tenders for highly public-interest projects. - FY2024-Q2RestatedAnnual report
「In the road construction industry, construction investment remained generally solid. However, the business environment remained uncertain, as raw material and fuel prices continued to remain at high levels.」
While describing construction investment as solid, the company continues to recognize that uncertainty remains in the business environment due to factors including persistently high raw material and fuel prices. - FY2024-Q1RestatedAnnual report
「In the road construction industry, trends in construction tenders remained solid, supported by the government’s promotion of disaster prevention and mitigation and national resilience measures. However, the uncertain business environment continued, as raw material and fuel prices remained at high levels.」
While indicating solid construction tenders supported by disaster prevention and mitigation and national resilience measures, the company continues to disclose uncertainty in the business environment, including prices of key materials and fuel. - FY2023-Q3RestatedAnnual report
「In the road construction industry, trends in construction tenders remained solid, supported by expressway renewal projects and the government’s promotion of the “Five-Year Acceleration Plan for Disaster Prevention, Mitigation and National Resilience.” However, the business environment remained challenging, as soaring purchase prices for asphalt, a key material, and fuel prices weighed on performance.」
While indicating solid construction tenders supported by expressway renewal projects and national resilience measures, the company continues to recognize a business environment affected by trends in tenders for highly public-interest projects. - FY2023-Q2RestatedAnnual report
「In the road construction industry, public investment remained solid, supported by disaster prevention and mitigation projects and national resilience measures. However, the business environment remained challenging, with purchase prices for asphalt, a key material, and fuel prices soaring.」
While indicating solid public investment supported by national resilience measures and related initiatives, the company continues to recognize a business environment affected by trends in public investment and construction demand. - FY2023-Q1RestatedAnnual report
「In the road construction industry, public investment remained solid, supported by disaster prevention and mitigation projects and national resilience measures. However, the business environment remained uncertain, as raw material prices, including asphalt, a key material, remained high.」
While indicating solid public investment supported by disaster prevention and mitigation projects and national resilience measures, the company continues to recognize trends in public investment and construction demand as important factors in the business environment surrounding its core businesses. - FY2022RestatedAnnual report
「In the road construction industry, public investment is expected to remain solid, supported by the government’s promotion of the “Five-Year Acceleration Plan for Disaster Prevention, Mitigation and National Resilience,”」
While anticipating solid public investment supported by national resilience measures and related initiatives, the company continues to disclose the structure whereby its core businesses are affected by trends in public works tenders. - FY2022-Q3RestatedAnnual report
「In the road construction industry, public investment remained solid, supported by the government’s promotion of the “Five-Year Acceleration Plan for Disaster Prevention, Mitigation and National Resilience.” However, the business environment remained uncertain, as raw material prices, including asphalt, accelerated their upward trend.」
While indicating solid public investment supported by national resilience measures, the company continues to recognize uncertainty in the business environment surrounding public investment and construction demand. - FY2022-Q2RestatedAnnual report
「In the road construction industry, public investment remained solid, supported by the government’s promotion of the “Five-Year Acceleration Plan for Disaster Prevention, Mitigation and National Resilience.” However, the business environment remained uncertain, as the purchase price of asphalt, a key material, remained at a high level.」
While public investment for national resilience remained solid, the company continues to recognize an uncertain business environment due to factors including prices of key materials. - FY2022-Q1RestatedAnnual report
「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and national resilience measures. However, the business environment remained uncertain, as the purchase price of asphalt, a key material, remained at a high level.」
While indicating solid construction demand supported by disaster prevention and mitigation projects and national resilience measures, the company continues to disclose its dependence on trends in highly public-interest construction demand and the external environment surrounding its core businesses. - FY2021-Q3RestatedAnnual report
「In the road construction industry, public investment remained solid, supported by disaster prevention and mitigation projects and national resilience measures. However, the business environment remained uncertain as private-sector capital investment showed a declining trend due to the effects of the novel coronavirus disease.」
While public investment remained solid, the company states that uncertainty surrounding construction demand persists, including as a result of the declining trend in private-sector capital investment. - FY2021-Q2RestatedAnnual report
「In the road construction industry, public investment remained solid, supported by disaster prevention and mitigation projects and projects to address aging infrastructure. However, the business environment remained uncertain as private-sector capital investment showed a declining trend due to the effects of the novel coronavirus disease.」
While public investment remained solid, uncertainty surrounding construction demand persists, as private-sector capital investment showed a declining trend due to the novel coronavirus disease. - FY2021-Q1RestatedAnnual report
「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and projects to address aging infrastructure. However, the business environment remained uncertain as the effects of the novel coronavirus disease spread throughout society.」
While indicating solid construction demand supported by disaster prevention and mitigation projects and measures to address aging infrastructure, the company states that uncertainty in the external environment persists. - FY2020RestatedAnnual report
「The performance of our Group’s construction business and pavement materials manufacturing and sales business, which account for a major portion of our operations, is significantly affected by trends in public works tenders. Accordingly, an excessive reduction in public works spending could adversely affect our Group’s earnings.」
The company continues to recognize the risk that the performance of its core businesses is affected by trends in public works tenders and that reductions in public works spending could affect earnings. - FY2020-Q3RestatedAnnual report
「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and projects to address aging infrastructure. However, the business environment remained uncertain as tensions continued in the Middle East and crude oil prices showed volatile movements.」
While indicating solid construction demand supported by disaster prevention and mitigation projects and measures to address aging infrastructure, the company continues to recognize uncertainty in the business environment. - FY2020-Q2RestatedAnnual report
「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and projects to address aging infrastructure. However, the business environment remained uncertain, with many concerns, including fluctuations in raw material prices such as asphalt.」
While indicating solid construction demand supported by disaster prevention and mitigation projects and measures to address aging infrastructure, the company continues to recognize a business environment affected by construction demand and trends in highly public-interest projects. - FY2020-Q1RestatedAnnual report
「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects, national resilience measures and large-scale redevelopment projects in the Tokyo metropolitan area. However, the business environment remained uncertain, with many concerns, including fluctuations in raw material prices such as asphalt.」
The company continues to disclose solid construction demand supported by disaster prevention and mitigation projects, national resilience measures and redevelopment in the Tokyo metropolitan area, together with concerns including fluctuations in raw material prices. - FY2019RestatedAnnual report
「The performance of our Group’s construction business and pavement materials manufacturing and sales business, which account for a major portion of our operations, is significantly affected by trends in public works tenders. Accordingly, an excessive reduction in public works spending could adversely affect our Group’s earnings.」
The company reiterates its risk recognition that the performance of its core businesses is affected by trends in public works tenders and that reductions in public works spending could affect earnings. - FY2019-Q3RestatedAnnual report
「In the road construction industry, both public investment and private construction investment remained solid. However, the business environment remained uncertain, with many concerns, including fluctuations in raw material prices such as asphalt.」
While public investment and private construction investment remained solid, the company continues to recognize that its business environment is affected by trends in construction demand and public investment. - FY2019-Q2RestatedAnnual report
「In the road construction industry, both public investment and private construction investment remained solid. However, the business environment remained uncertain, as raw material prices, including asphalt, accelerated their upward trend.」
Although public investment and private construction investment are described as solid, there has been no material change in the structure whereby the performance of the core businesses is affected by trends in construction demand, including public investment. - FY2018ReframedAnnual report
「In the road construction industry, solid construction demand is expected for the next several years. Over the medium to long term, however, there are many concerns, including uncertainty surrounding construction investment after the 2020 Tokyo Olympic and Paralympic Games, supply, demand and price trends for equipment and materials, and changes in the social structure resulting from the declining birthrate and aging population. The company recognizes that sufficient preparation for such environmental changes and prompt, flexible and appropriate responses are essential to securing stable and sustained earnings in the future.」
In addition to the previously identified dependence on reductions in public works spending and tendering trends, the company has expanded its risk disclosures to include uncertainty surrounding construction investment after the 2020 Tokyo Olympic and Paralympic Games, supply, demand and prices for equipment and materials, and changes in the social structure resulting from the declining birthrate and aging population. - FY2018-Q3RestatedAnnual report
「In the road construction industry, solid demand is expected over the next several years, supported by disaster prevention and mitigation projects and infrastructure development ahead of the Tokyo Olympic and Paralympic Games. At the same time, there are many concerns, including tight supply and demand for equipment, materials and skilled workers and rising construction costs. In addition, public works spending is expected to decline gradually over the longer term, reflecting the fiscal conditions of the national and local governments. The company recognizes that sufficient preparation for changes in the business environment and prompt, appropriate responses are essential to securing stable and sustained earnings in the future.」
While anticipating short-term demand from disaster prevention and mitigation projects and the Olympic Games, the company continues to identify the long-term gradual decline in public works spending as a risk. - FY2018-Q2RestatedAnnual report
「In the road construction industry, solid demand is expected over the next several years, supported by disaster prevention and mitigation projects and infrastructure development ahead of the Tokyo Olympic and Paralympic Games. At the same time, there are many concerns, including tight supply and demand for equipment, materials and skilled workers and rising construction costs. In addition, public works spending is expected to decline gradually over the longer term, reflecting the fiscal conditions of the national and local governments. The company recognizes that sufficient preparation for changes in the business environment and prompt, appropriate responses are essential to securing stable and sustained earnings in the future.」
While anticipating solid demand from disaster prevention and mitigation projects and the Olympic Games, the company continues to recognize that its core businesses are affected by public works spending and trends in public works tenders. - FY2018-Q1RestatedAnnual report
「In the road construction industry, solid demand is expected over the next several years, supported by disaster prevention and mitigation projects and infrastructure development ahead of the Tokyo Olympic and Paralympic Games. At the same time, there are many concerns, including tight supply and demand for equipment, materials and skilled workers and rising construction costs. In addition, public works spending is expected to decline gradually over the longer term, reflecting the fiscal conditions of the national and local governments. The company recognizes that sufficient preparation for changes in the business environment and prompt, appropriate responses are essential to securing stable and sustained earnings in the future.」
While anticipating solid demand from disaster prevention and mitigation projects and the Olympic Games, the company continues to identify the long-term gradual decline in public works spending as a risk. - FY2017RestatedAnnual report
「The performance of our Group’s construction business and pavement materials manufacturing and sales business, which account for a major portion of our operations, is significantly affected by trends in public works tenders. Accordingly, an excessive reduction in public works spending could adversely affect our Group’s earnings.」
The company reiterates its recognition that the performance of its core businesses is affected by trends in public works tenders and that reductions in public works spending could affect earnings. - FY2017-Q3RestatedAnnual report
「In the road construction industry, both public investment and private construction investment remained solid. However, the business environment remained uncertain, with demand for asphalt mixtures used in paving remaining weak and raw material prices showing an upward trend due to fluctuations in crude oil prices.」
While describing public investment and related factors as solid, the company continues to show a business environment affected by trends in demand, including public works. - FY2017-Q2RestatedAnnual report
「In the road construction industry, public works tenders remained firm as execution of the supplementary budget for fiscal 2015 gained momentum and the fiscal 2016 budget was implemented ahead of schedule. However, the business environment remained uncertain, as the purchase price of asphalt, a key material, showed an upward trend.」
Although public works tenders have remained firm recently, the company continues to show a business structure dependent on trends in public works tenders. - FY2017-Q1RestatedAnnual report
「In the road construction industry, solid demand is expected over the next several years, supported by disaster prevention and mitigation projects and infrastructure development ahead of the Tokyo Olympic and Paralympic Games. At the same time, there are many concerns, including tight supply and demand for equipment, materials and skilled workers and rising construction costs. In the longer term, public works spending is expected to decline gradually, reflecting the fiscal conditions of the national and local governments.」
While anticipating short-term demand from disaster prevention and mitigation projects and the Olympic Games, the company continues to identify the long-term gradual decline in public works spending as a risk. - FY2016First statedAnnual report
「The performance of our Group’s construction business and pavement materials manufacturing and sales business, which account for a major portion of our operations, is significantly affected by trends in public works tenders. Accordingly, an excessive reduction in public works spending could adversely affect our Group’s earnings.」
Trends in public works tenders are identified as an external factor affecting the performance of the core businesses.