Persistently High Construction Material Prices and Labor Costs, and a Shortage of Skilled Workers
First written in FY2017-Q1. 13 of 35 entries say "Restated". Latest entry: 2026-08-07.
Tomoe moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 17 of 28 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedResults
「However, as the rise in materials prices has accelerated against the backdrop of the situation in the Middle East and labor shortages have also continued, the situation requires ongoing monitoring.」
The description of materials prices changed from persistently high or elevated prices to an accelerating rise against the backdrop of the situation in the Middle East. The continued labor shortage was also cited. - FY2026MitigatedAnnual report
「To address this risk, the company is working to reduce it by monitoring materials price trends and making appropriate purchases of materials to curb price increases.」
Specific measures have been identified to address the risk of higher materials prices and labor costs: monitoring materials prices and making appropriate purchases. - 2026-05-14RestatedResults
「However, as high materials prices and labor shortages continue, the situation requires ongoing monitoring.」
Persistently high materials prices and labor shortages continued to be cited as concerns. - FY2026-H1SoftenedAnnual report
「However, as materials prices remain elevated and labor shortages continue, the situation requires continued monitoring.」
Materials prices remain elevated and labor shortages continue, but the wording has changed from the previous fiscal year's “labor shortages have become apparent” to “continue.” - FY2025WorsenedAnnual report
「Not only do materials prices continue to remain elevated, but labor shortages have also become apparent, so the situation requires continued monitoring.」
In addition to elevated materials prices, the previous reference to labor shortages has been described as having become apparent, making cost and staffing risks clearer. - FY2025-H1ReframedAnnual report
「However, as materials prices remain elevated and labor shortages continue, the situation requires continued monitoring.」
In addition to elevated materials prices, continuing labor shortages have been explicitly identified as an unstable factor. - FY2024-Q3RestatedAnnual report
「However, the continued tendency for materials prices to remain elevated means that the situation requires continued monitoring.」
The tendency for materials prices to remain elevated continues to be cited as a concern for the construction industry. - FY2024-Q2RestatedAnnual report
「However, the continued tendency for materials prices to remain elevated means that the situation requires continued monitoring.」
The tendency for materials prices to remain elevated continues to be cited as a concern for the industry. - FY2024-Q1RestatedAnnual report
「However, as materials prices continue to remain elevated, the situation requires continued monitoring.」
The recognition that materials prices continue to be elevated, as in the previous fiscal year, has been stated again. - FY2023WorsenedAnnual report
「The business requires the procurement of substantial amounts of materials and outsourced labor. If raw material prices and labor costs rise and cannot be reflected in contract prices, profit margins at the estimation stage will decline, construction periods and costs will be affected, and operating performance and other factors may be impacted.」
The risk has been specified in greater detail, extending from the previous concern over higher materials prices to lower margins and impacts on construction periods and costs if increases in raw material prices and labor costs cannot be passed through to contract prices. - FY2023-Q3RestatedAnnual report
「However, the continued tendency for raw material prices to remain elevated means that the situation requires continued monitoring.」
The tendency for raw material prices to remain elevated continues to be cited as a concern for the industry. - FY2023-Q2RestatedAnnual report
「However, concerns over rising raw material prices and other factors mean that the situation requires continued monitoring.」
Rising raw material prices continue to be cited as an unstable factor in the construction industry. - FY2022WorsenedAnnual report
「The high level of construction materials prices raises concerns that corporate earnings may come under pressure.」
The impact of materials costs has been specified more concretely, shifting from concern over higher costs alone to the possibility that prices remaining elevated could pressure corporate earnings. - FY2022-Q3RestatedAnnual report
「The situation requires continued monitoring due to higher materials costs, COVID-19 variants and other factors.」
Higher materials costs continue to be cited as a key unstable factor in the industry. - FY2022-Q2WorsenedAnnual report
「However, concerns over higher materials costs, reduced appetite for capital investment due to the spread of COVID-19, extended construction periods and other factors mean that the situation requires continued monitoring.」
The previous description of materials costs as gradually rising has changed to higher materials costs, indicating stronger concern over materials costs. - FY2022-Q1RestatedAnnual report
「Although materials costs continue to rise gradually,」
As in the previous fiscal year, the company recognizes that materials costs have shifted from being stable to trending upward. - FY2021WorsenedAnnual report
「Although materials costs, which had previously been stable, are gradually rising,」
Materials costs, which had been described as stable through the previous fiscal year, have once again begun to rise. - FY2021-Q3RestatedAnnual report
「Materials costs have also continued to ease.」
The explanation that materials costs have eased from their previously elevated levels has continued. - FY2021-Q2RestatedAnnual report
「Materials costs have also continued to ease.」
Materials costs have remained stable after previously staying elevated. - FY2021-Q1SoftenedAnnual report
「Materials costs, which had remained elevated, have also eased from their previous level.」
The description of construction materials costs has changed from their having remained elevated to their having eased from the previous level. This filing makes no direct reference to labor costs or labor shortages. - FY2020ReframedAnnual report
「Although concerns remain over higher materials costs driven by continued strength in construction demand and securing engineers,」
In addition to higher materials costs, the previous references to labor shortages and securing personnel have been specified as securing engineers, and remain a key concern in the annual report. - FY2020-Q3ReframedAnnual report
「However, concerns remain over unstable factors such as rising labor costs due to labor shortages, and the situation requires continued monitoring.」
While the surge in materials costs has eased from its previous level, rising labor costs due to labor shortages remain a concern. - FY2020-Q2ReframedAnnual report
「Although material costs have eased from their previous levels, concerns remain over destabilizing factors such as rising labor costs due to labor shortages, and the situation requires continued monitoring.」
While surging material costs are considered to have eased from their previous levels, concerns over rising labor costs due to labor shortages continue. - FY2020-Q1ReframedAnnual report
「Although concerns remain over destabilizing factors such as higher material costs and rising labor costs due to labor shortages」
Surging material prices and rising labor costs resulting from labor shortages continue to be identified as destabilizing factors for the industry. - FY2019ReframedAnnual report
「Although concerns remain over surging material prices due to the sharp increase in construction demand, securing technical personnel, and weakness in public investment, private investment has remained resilient, large-scale urban redevelopment projects and measures to address aging infrastructure are expected, and capital investment has increased, resulting in generally solid conditions.」
The cause of higher material prices is identified as a sharp increase in construction demand, while the wording concerning the labor shortage has become more specific, referring to the securing of technical personnel. - FY2019-Q3ReframedAnnual report
「Concerns continue over surging material and labor costs resulting from the sharp increase in construction demand and the difficulty of securing personnel.」
In addition to previously elevated material prices and rising labor costs, concerns are noted over surging material and labor costs due to increased construction demand and the difficulty of securing personnel. - FY2019-Q2ReframedAnnual report
「Although concerns remain over surging material prices resulting from increased construction demand and the securing of technical personnel」
The wording has become more specific, changing from elevated material prices and a shortage of workers to concerns over surging material prices due to increased construction demand and the securing of technical personnel. - FY2019-Q1ReframedAnnual report
「Although concerns remain over destabilizing factors such as surging material prices and rising labor costs associated with the aging of skilled workers」
Surging material prices and rising labor costs associated with the aging of skilled workers continue to be identified as destabilizing factors. - FY2018ReframedAnnual report
「The industry continues to face destabilizing factors, including rising labor costs due to material prices and a shortage of workers.」
Elevated material prices and rising labor costs due to a shortage of workers are explicitly identified in both the annual report's business environment and risk sections, with the labor shortage described as a chronic problem. - FY2018-Q3RestatedAnnual report
「The industry continues to face destabilizing factors, including elevated material prices and rising labor costs due to a shortage of workers.」
Elevated material prices and rising labor costs due to a shortage of workers continue to be identified as destabilizing factors for the industry. - FY2018-Q2ReframedAnnual report
「The situation contains destabilizing factors such as elevated material prices and rising labor costs due to a shortage of workers.」
In addition to elevated material prices, rising labor costs resulting from a shortage of workers are identified as a destabilizing factor. - FY2018-Q1ReframedAnnual report
「In this industry, high corporate earnings and improved business conditions have continued, and although concerns remain about surging labor and material costs and the aging workforce, both public investment and private-sector capital investment have remained firm.」
The wording of the risks has become more specific, changing from elevated construction material and labor costs and a shortage of skilled workers to surging labor and material costs and the aging of workers. - FY2017-Q3RestatedAnnual report
「Although there are concerns over higher costs due to elevated labor costs, conditions have remained generally solid.」
Concerns over higher costs due to elevated labor costs continue to be noted. - FY2017-Q2RestatedAnnual report
「Concerns over elevated construction material and labor costs and the shortage of skilled workers remained unresolved.」
Elevated construction material and labor costs and the shortage of skilled workers are reiterated as ongoing concerns. - FY2017-Q1First statedAnnual report
「Concerns over elevated construction material and labor costs and the shortage of skilled workers remained unresolved.」
Rising costs and a shortage of human resources are described as ongoing business concerns.