Construction Industry Remains Firm, Supported by Domestic Construction Investment
First written in FY2017-Q3. 18 of 29 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 3 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「In Japan's construction industry, measures aligned with the basic policy for national resilience advanced and related public investment remained resilient, but the environment surrounding the industry continued to be severe due to soaring construction-material prices and labor costs, the aging of construction workers and difficulties securing personnel.」
The company continues to recognize that, while public investment related to national resilience remains resilient, Japan's construction industry faces severe conditions due to soaring material and labor costs, an aging workforce and difficulties securing personnel. - FY2024-Q3RestatedAnnual report
「During this period, measures aligned with the basic policy for national resilience advanced in Japan's construction industry, and related public investment remained resilient. However, the operating environment continued to be severe due to soaring construction-material prices and labor costs, the aging of construction workers and difficulties securing personnel.」
The company continues to recognize that, while public investment related to national resilience remains resilient, Japan's construction industry faces a severe operating environment due to soaring material prices and labor costs, an aging workforce and difficulties securing personnel. - FY2024-Q2ReframedAnnual report
「During this period, measures in line with the basic policy on national resilience advanced in Japan's construction industry and related public investment remained firm, but the order environment remained difficult due to soaring construction material prices and labor costs, as well as the aging of construction workers and difficulties securing personnel.」
The company has updated its assessment to reflect both the resilience provided by public investment related to national resilience and the severe ordering environment caused by soaring material and labor costs, an aging workforce and difficulty securing personnel. - FY2024-Q1ReframedAnnual report
「During this period, measures aligned with the basic policy for national resilience advanced in Japan's construction industry, and related public works remained resilient. At the same time, eliminating long working hours and other measures to promote work-style reform became urgent issues, making their implementation an immediate priority.」
In addition to recognizing that public works related to national resilience remain resilient, the company explicitly identifies work-style reform and the elimination of long working hours as urgent issues for the construction industry. - FY2023ReframedAnnual report
「During this period, in Japan's construction industry, public works related to national resilience and other areas remained relatively firm, but profitability in private-sector building construction continued to deteriorate as material prices soared, leaving conditions severe.」
The company has updated its assessment of industry conditions to reflect both the strength of public works and soaring material prices and deteriorating profitability in private-sector building construction. - FY2023-Q3RestatedAnnual report
「During this period, measures aligned with the basic policy for national resilience advanced in the construction industry, related public investment remained resilient, and private-sector construction investment was also on an upward trend.」
The company continues to recognize that public investment related to national resilience remains resilient and that private-sector construction investment is also trending upward. - FY2023-Q2ReframedAnnual report
「During this period, measures aligned with the basic policy for national resilience advanced in the construction industry, related public investment remained resilient, and private-sector construction investment showed greater momentum than before. However, the rapid depreciation of the yen has created a severe operating environment, including downside risks to the economy from rising raw-material prices and supply constraints.」
The company notes the momentum in private-sector construction investment alongside public investment related to national resilience, while also citing the difficult environment created by the rapid depreciation of the yen, rising raw-material prices and supply constraints. - FY2023-Q1RestatedAnnual report
「During this period, measures aligned with the basic policy for national resilience continued to advance in Japan's construction industry, and related public works remained resilient. However, amid concerns over the prolonged situation in Ukraine and the impact of restrictions on economic activity in China, a severe operating environment continued, including downside risks to the economy from rising raw-material prices and supply constraints, leaving the situation unpredictable.」
The company continues its previous assessment of the operating environment: public works related to national resilience remain resilient, while uncertainty caused by overseas conditions, raw-material prices and supply constraints persists. - FY2022ReframedAnnual report
「During this period, in Japan's construction industry, some private-sector capital investment was scaled back or delayed due to the impact of COVID-19, but public works related to national resilience and other areas remained relatively firm.」
The company has updated its assessment of the operating environment to reflect both the scaling back and delay of private-sector capital investment and the firm performance of public works related to national resilience. - FY2022-Q3ReframedAnnual report
「During this period, in Japan’s construction industry, some private-sector projects experienced delays in being ordered because of the impact of the COVID-19 pandemic, but public works, including projects related to national resilience and disaster prevention and mitigation, remained broadly solid.」
The company has updated its assessment of industry conditions to reflect delays in some private-sector orders, while public works related to national resilience, disaster prevention and disaster mitigation remain generally firm. - FY2022-Q2RestatedAnnual report
「During this period, related public works in Japan's construction industry remained firm under the national government's basic policy on disaster prevention and mitigation and national resilience.」
The company continues to recognize that related public works based on disaster prevention, disaster mitigation and national resilience are proceeding on a resilient footing. - FY2022-Q1ReframedAnnual report
「During this period, related public works in the construction industry remained firm under the national government's basic policy on disaster prevention and mitigation and national resilience.」
The description has become more specific, shifting from a general recognition of firm public investment to an assessment of industry conditions based on related public works under the government's basic policies for disaster prevention, disaster mitigation and national resilience. - FY2021-Q3ReframedAnnual report
「Japan's economy remained in a severe situation during the cumulative third quarter due to the impact of COVID-19. Domestic corporate earnings continued to decline substantially as a result of the pandemic, but the extent of the decline had begun to narrow overall, supported by the effects of various policies and improvements in overseas economies. However, the renewed spread of the pandemic in the latter half of the quarter created a situation that remained unpredictable. During this period, the construction industry benefited from public investment-related budget measures, including the promotion of disaster prevention, disaster mitigation and national resilience, included in the draft third supplementary budget for December. The industry is expected to remain firm going forward as these related budgets are executed.」
While the renewed spread of the pandemic means that the outlook for the economy and corporate earnings remains unpredictable, the company expects the construction industry to remain firm as public investment budgets for disaster prevention, disaster mitigation and national resilience are executed. - FY2021-Q2ReframedAnnual report
「Although Japan's economy remained in a severe situation during the cumulative second quarter, mainly due to the impact of COVID-19, economic activity gradually resumed and signs of recovery emerged. During this period, public investment in Japan's construction industry remained firm and orders received for public works increased, but continued caution was required in response to declining corporate earnings in Japan and the uncertain outlook.」
While the severe situation caused by COVID-19 continued, economic activity resumed and showed signs of recovery. Public investment and orders received for public works in Japan's construction industry remained firm, although declining corporate earnings and uncertainty also continued to be noted. - FY2021-Q1ReframedAnnual report
「During this period, spending on public works exceeded the previous fiscal year's level, supported by firm government construction investment, but the outlook remained highly uncertain and cautious activity is expected to continue for the time being.」
The company has changed its assessment of the operating environment to reflect firm government construction investment and spending on public works above the previous fiscal year's level, while recognizing that the outlook remains highly uncertain amid the impact of COVID-19 and that cautious activity is expected to continue for the time being. - FY2020RestatedAnnual report
「During this period, both public- and private-sector activity in Japan's construction industry remained generally firm.」
The company continues to recognize that Japan's construction industry remained generally firm, including private-sector works as well as public investment. It also notes the impact of the spread of infectious diseases and uncertainty surrounding large-scale projects. - FY2020-Q3RestatedAnnual report
「During this period, construction investment in Japan remained firm, and spending on public works is expected to remain firm going forward as the supplementary budget for public investment and other related budgets are executed.」
The company continues to recognize that domestic construction investment and public investment remain firm and that favorable ordering conditions are expected to continue as related budgets are executed. - FY2020-Q2RestatedAnnual report
「During this period, construction investment in Japan remained firm, while spending on public works exceeded the initial budget, and public investment is expected to remain resilient as related budgets are executed.」
The company continues to recognize that domestic construction investment is firm, spending on public works has increased from the initial budget, and public investment is expected to remain resilient as related budgets are executed. - FY2020-Q1RestatedAnnual report
「During this period, construction investment in Japan remained firm and is expected to remain resilient, supported by the steady implementation of economic policies and related budgets, demand for railway infrastructure development and other public works, and demand for private-sector works such as urban redevelopment.」
The company continues to recognize that domestic construction investment remains firm and is expected to remain resilient, supported by economic policies and related budgets, railway infrastructure development, urban redevelopment and other factors. - FY2019RestatedAnnual report
「In Japan's construction industry, orders for both public and private-sector works remained generally firm, and the order environment continued to be favorable.」
The company indicates that orders for public and private-sector works were generally firm and that favorable ordering conditions continued. - FY2019-Q3RestatedAnnual report
「During this period, conditions in Japan’s construction industry also remained steady, supported by steady growth in private-sector capital investment and supplementary budgets for public investment.」
The Company continues to view conditions in Japan’s construction industry as remaining steady, supported by growth in private-sector capital investment and supplementary budgets for public investment. - FY2019-Q2RestatedAnnual report
「During this period, conditions in Japan’s construction industry also remained resilient, supported by steady growth in private-sector capital investment and supplementary budgets for public investment.」
The Company continues to view conditions in Japan’s construction industry as remaining resilient, supported by growth in private-sector capital investment and supplementary budgets for public investment. - FY2019-Q1RestatedAnnual report
「During this period, urban redevelopment and infrastructure projects and private-sector capital investment related to preparations for the Olympics grew steadily in Japan’s construction industry, while public investment also remained resilient due to supplementary budgets.」
The Company continues to view Japan’s construction industry as operating in a resilient environment supported by urban redevelopment, private-sector capital investment and public investment under supplementary budgets. - FY2018RestatedAnnual report
「In Japan's construction industry, urban redevelopment and infrastructure projects ahead of the Olympic Games and private-sector capital investment grew steadily, while the industry also made substantial progress supported by public investment, including earthquake-reconstruction projects.」
The Company continues to view the domestic construction industry as operating in a steady environment supported by urban redevelopment, private-sector capital investment and public investment. - FY2018-Q3RestatedAnnual report
「During this period, Japan’s construction industry also remained resilient, supported by public investment.」
The Company continues to view Japan’s construction industry as remaining resilient, supported by public investment. - FY2018-Q2RestatedAnnual report
「During this period, Japan’s construction industry also continues to perform steadily, supported by public investment.」
The Company continues to view Japan’s construction industry as performing steadily, supported by public investment. - FY2018-Q1RestatedAnnual report
「During this period, Japan’s construction industry also continued to perform steadily, supported by public investment.」
The Company continues to express its view that Japan’s construction industry remained steady, supported by public investment. - FY2017RestatedAnnual report
「In Japan’s construction industry, private-sector capital investment remained sluggish, but the industry continued to perform steadily, supported by public investment.」
The Company describes its view that, while private-sector capital investment remained sluggish, Japan’s construction industry continued to perform steadily, supported by public investment. - FY2017-Q3First statedAnnual report
「During this period, material and labor costs continued to rise in the construction industry, but the industry remained firm, supported by domestic construction investment.」
While material and labor costs continued to rise, the Company newly describes its view that the construction industry remained steady, supported by domestic construction investment.