Volatility Risk in Private-Sector Capital Investment
First written in FY2017. 4 of 12 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2026.
Taisei Oncho moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 21 of 36 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Construction investment remained firm, supported by redevelopment projects, mainly in major metropolitan areas, capital investment, particularly in manufacturing, and construction demand for medical facilities.」
Regarding the construction market, the explanation has shifted from the previous focus on restraint and uncertainty in private-sector capital investment to firm construction investment supported by demand from redevelopment, manufacturing and medical facilities. - FY2025MitigatedAnnual report
「Although private-sector capital investment, including investment in warehouses and factories, has remained firm」
Regarding private-sector capital investment, investment in warehouses, factories and other facilities is described as firm, supporting construction demand, indicating an improvement from the previous restraint and uncertainty. - FY2023-Q1MitigatedAnnual report
「The construction industry has generally remained firm, and construction investment has also shown signs of recovery, although」
In contrast to the restraint and uncertainty in private-sector construction investment indicated in the previous fiscal year, the explanation now states that the construction industry is generally firm and construction investment is showing signs of recovery. However, it says that changes in demand and needs require close attention. - FY2022WorsenedAnnual report
「Private-sector construction investment is in an uncertain situation, as companies’ capital investment has been restrained due to the effects of COVID-19.」
In contrast to the recent description of a recovery in private-sector investment, the company states that the operating environment for the full fiscal year is uncertain, with corporate capital investment showing a tendency to be restrained. - FY2022-Q3RestatedAnnual report
「Private-sector investment has shown signs of recovery.」
In response to the risk of restrained private-sector capital investment and declining demand, the company continues to indicate that private-sector investment is showing signs of recovery. - FY2022-Q2MitigatedAnnual report
「Private-sector capital investment has also shown signs of a modest recovery.」
In contrast to the previous quarter’s statement that a decline in private-sector capital investment demand due to companies’ cautious stance was unavoidable, the company now states that private-sector capital investment is showing signs of a modest recovery. - FY2022-Q1WorsenedAnnual report
「The construction industry is expected to face challenging conditions, as it cannot avoid a decline in demand for private-sector capital investment due to companies’ cautious stance amid the spread of the infection.」
Regarding the previous risk of reviews and restraints of private-sector capital investment plans, the company states that a decline in demand due to companies’ cautious stance is unavoidable. - FY2021-Q3RestatedAnnual report
「Concerns such as restraints on private-sector capital investment against a backdrop of declining corporate earnings have also emerged, leaving the outlook uncertain.」
The company reconfirms its view that the risk of restrained private-sector capital investment against a backdrop of declining corporate earnings has materialized. - FY2021-Q2MaterialisedAnnual report
「Concerns such as restraints on private-sector capital investment against a backdrop of declining corporate earnings have also emerged.」
The company states that the risk of restraints on private-sector capital investment has materialized against a backdrop of declining corporate earnings due to COVID-19. - FY2021-Q1MaterialisedAnnual report
「Against a backdrop of weakening sentiment across the economy due to COVID-19, signs have emerged of companies, particularly in the private sector, reviewing their capital investment plans, raising concerns about uncertainty in the future order environment.」
The company states that the previously identified risk of customers canceling, postponing or downsizing their investment plans has begun to materialize as a tendency for private-sector capital investment plans to be reviewed due to COVID-19. - FY2018ReframedAnnual report
「Changes in domestic and overseas economic conditions and other factors, as well as trends in public investment and private-sector capital investment, may affect the operating results and financial condition of our group.」
The risk has been organized as a risk of fluctuations across the construction market, including public investment, rather than the previous focus on the cancellation, postponement or downsizing of private-sector capital investment plans. - FY2017First statedAnnual report
「Changes in domestic and overseas economic conditions and other factors may result in customers canceling, postponing or downsizing their investment plans, which could affect the operating results and financial condition of our group.」
The cancellation, postponement or downsizing of customers’ private-sector capital investment plans is identified separately as a business-performance risk for the first time.