Slowing order intake and construction activity outside urban areas
First written in FY2017-Q2. 8 of 23 entries say "Worsened", first in FY2019. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「In Japan, although postponed construction starts had an impact, the steady progress of large-scale highway repair projects in Hokkaido led to」
It explains that, while postponed construction starts continued in Japan, progress on large-scale repair projects in Hokkaido supported performance. - FY2025-H1WorsenedAnnual report
「In Japan, revenue declined to ¥8,703 million, down ¥585 million year on year, due to delays in construction awards and the impact of price competition. Operating profit was also very weak.」
For domestic construction, revenue fell by ¥58.5 million year on year due to delays in placing orders and price competition, while operating profit was also under pressure. - FY2024MitigatedAnnual report
「In Japan, although some branches fell short of plan due to postponed construction starts and intensifying competition for orders, order intake exceeded plan as a result of orders for large-scale highway repair projects in Hokkaido and other projects.」
While some branches continued to face postponed construction starts and intensifying competition, domestic order intake exceeded plan, driven by large-scale highway repair projects in Hokkaido and other projects. - FY2024-Q3WorsenedAnnual report
「For the cumulative third quarter of the consolidated fiscal year, domestic revenue was ¥14.441 billion, down ¥1.865 billion year on year, and operating profit was ¥732 million, down ¥149 million, due to postponed construction starts, intensifying competition for orders and the completion of power-related construction work in the Tokyo metropolitan area.」
Postponed construction starts, intensifying competition for orders and the completion of major projects were reflected in lower revenue and lower profit in Japan. - FY2024-Q1WorsenedAnnual report
「For the three-month period of the current consolidated fiscal year, net sales in Japan were ¥5,431 million, down ¥130 million year on year, as some large-scale projects in the Tokyo metropolitan area were approaching completion.」
Progress toward the completion of certain large-scale projects in the Tokyo metropolitan area was reflected in a ¥13.0 million year-on-year decline in revenue. - FY2023WorsenedAnnual report
「In Japan, order intake fell substantially short of plan, mainly due to the impact of significant revisions to planned quantities, particularly in urban areas, and delays in placing orders until the following fiscal year or later. In addition, at the US subsidiary, the start of construction on a large-scale project was substantially postponed until the following fiscal year or later. As a result, total domestic and overseas order intake was ¥2,107.6 million, down ¥157.8 million, or 7.0%, year on year.」
Due to revisions to planned quantities and delays in placing orders in Japan, as well as the postponed start of a large-scale US project, order intake was ¥21,076 million, down 7.0% year on year. - FY2023-Q3RestatedAnnual report
「In Japan, although performance differed among branches due to postponed construction starts and intensifying competition for orders, large-scale machinery construction in urban areas, energy-related projects and railway-related projects progressed steadily.」
While postponed construction starts and intensifying competition for orders caused performance to differ among branches, the main construction areas progressed steadily. - FY2023-Q2MitigatedAnnual report
「In Japan, although performance differed among branches because of factors such as delays in the start of projects, large-scale mechanized construction in urban areas, energy-related projects, and railway-related projects progressed steadily. As a result, orders and construction overall exceeded the initial plan.」
Although some branches continued to face postponed construction starts, domestic order intake and construction progress overall exceeded the initial plan. - FY2023-Q1MitigatedAnnual report
「In Japan, although performance differed among branches due to the postponement of construction starts, overall both order intake and construction progress exceeded the initial plan,」
It explains that, while some branches continued to face postponed construction starts, domestic order intake and construction progress overall exceeded the initial plan. - FY2022MitigatedAnnual report
「As for construction revenue, in Japan, although lower orders for some private-sector construction projects had an impact, urban redevelopment, disaster prevention and mitigation projects related to national resilience, energy-related projects and railway-related projects progressed steadily, resulting in performance in line with the initial plan.」
Despite lower orders for some private-sector construction projects and delays in placing orders, domestic construction revenue was in line with the initial plan. - FY2022-Q3RestatedAnnual report
「In Japan, although delays in placing orders and starting construction were seen in some areas, order intake and construction progress overall tracked largely in line with plan.」
It continues to explain that, despite continued delays in placing orders and starting construction, domestic order intake and construction progress overall tracked largely in line with plan. - FY2022-Q2MitigatedAnnual report
「In Japan, although delays in placing orders and starting construction were seen in some areas, order intake and construction progress overall tracked largely in line with plan.」
It explains that, despite continued delays in placing orders and starting construction, domestic order intake and construction progress overall tracked largely in line with plan. - FY2021-Q3WorsenedAnnual report
「At domestic branches, order intake fell short of the plan because major orders were deferred to the fourth quarter, while completed construction revenue also fell short because progress on some projects was delayed.」
At domestic branches, recognition of major orders was pushed back to the fourth quarter, and completed construction revenue also fell short of the plan because progress on some projects was delayed. - FY2021-Q2ReframedAnnual report
「At domestic branches, orders were on plan, but completed construction revenue fell short of the plan because progress on some projects was delayed.」
The focus has shifted from the previous regional slowdown in orders and deferrals in order recognition to delayed progress on completed construction at domestic branches and a shortfall in completed construction revenue against the plan. Orders themselves were on plan. - FY2021-Q1WorsenedAnnual report
「This was because progress on some domestic projects was delayed, with several projects deferred from the second quarter onward, and because JAFEC USA,Inc., the U.S. subsidiary, had no completed construction work at active sites.」
In Japan, several projects were deferred from the second quarter onward due to delays in the progress of some construction projects. Overseas, no construction work was completed at active sites of the U.S. subsidiary. Delays and deferrals in construction projects have continued. - FY2020WorsenedAnnual report
「Domestic order intake fell below the initial plan because the postponement of orders for projects related to the Chuo Shinkansen in the Chubu area deferred the recognition of several scheduled orders to the following fiscal year. At overseas subsidiaries as well, order intake fell below the initial plan because energy-related projects were pushed back.」
The postponement of orders for projects related to the Chuo Shinkansen deferred the recognition of multiple orders to the following fiscal year, while overseas order intake fell below the initial plan because energy-related projects were pushed back. - FY2020-Q3ReframedAnnual report
「At domestic branches, although completed construction revenue was affected by delays in starting some projects, the effects of efforts to reduce unprofitable construction projects became apparent. The cost ratio improved by 3.8 percentage points year on year, contributing to higher profits.」
In addition to the previous deferral of the timing of order recognition, the current disclosure indicates that completed construction revenue at domestic branches was affected by delayed construction starts. Meanwhile, the cost ratio improved due to reductions in unprofitable projects. - FY2020-Q2ReframedAnnual report
「Although some construction orders at domestic branches were deferred, the smooth progress of major projects enabled the company to increase profits.」
The focus has broadened from the previous delays in construction starts in the Tokyo metropolitan area to the deferral of some construction orders at domestic branches this quarter. Meanwhile, major projects were progressing smoothly. - FY2019WorsenedAnnual report
「In Japan, several orders originally scheduled for recognition were deferred to the next fiscal year because construction starts were delayed in the Tokyo metropolitan branch area, resulting in a figure below the initial plan.」
Construction starts were delayed in the Tokyo metropolitan area, deferring the recognition of several orders to the following fiscal year and causing order intake to fall below the initial plan. - FY2018RestatedAnnual report
「Domestic order intake grew steadily, as heavy machinery construction related to urban development and infrastructure projects progressed smoothly in the Tokyo metropolitan area and Sapporo. In Tohoku and Kyushu, orders for major projects, including ground-improvement work related to earthquake recovery and reconstruction, also remained solid.」
Rather than regional slowing in order intake, the full-year results highlight solid orders in the Tokyo metropolitan area, Sapporo, Tohoku, and Kyushu. - FY2017MitigatedAnnual report
「For the current consolidated fiscal year, orders in Japan remained solid, centered on urban redevelopment and infrastructure projects in the Tokyo metropolitan area and ground-improvement work in the Tohoku and Kyushu regions.」
In contrast to the slower regional order intake and construction trends reported through the previous quarter, the company explained that full-year domestic orders were solid, particularly in the Tokyo metropolitan area, Tohoku, and Kyushu. - FY2017-Q3ReframedAnnual report
「In Japan, although order intake and construction trends in urban areas were somewhat slow, the Tohoku and Kyushu regions performed well in terms of orders, construction, and earnings.」
Whereas the cumulative period through the second quarter cited slower trends in “other regions,” the cumulative period through the third quarter instead focuses on slower order intake and construction trends in “urban areas.” It also notes the strong performance of the Tohoku and Kyushu regions. - FY2017-Q2First statedAnnual report
「Order intake and construction trends in other regions were somewhat slower than in urban areas.」
Order intake and construction trends in other regions slowed compared with urban areas, and this is cited as a factor affecting cumulative results through the second quarter.