Deterioration in Order Volume and Order Terms Due to Construction Market Contraction and Intensifying Competition
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 4 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「To address this risk, the Company is working to reduce it by reviewing and strengthening its sales strategy, enhancing preliminary reviews before accepting orders, promoting cost reductions, and improving its ability to restore profitability.」
The Company identified its sales strategy, pre-order reviews, cost reductions, and improved ability to restore profitability as measures to address the risk of deteriorating order volume and order terms due to a shrinking construction market and intensifying competition. - FY2022RestatedAnnual report
「If domestic economic conditions deteriorate and public-sector projects and private-sector capital investment decline because of a substantial year-on-year decrease in order volume, intensifying competition among companies and other factors may worsen order volume and order terms, affecting business performance and other matters.」
The risk of deteriorating order volume and order terms due to a weaker domestic economy, declines in public-sector projects and private-sector capital investment, and intensifying competition continues. - FY2021First statedAnnual report
「If domestic economic conditions deteriorate and public-sector projects and private-sector capital investment decline because of a substantial year-on-year decrease in order volume, intensifying competition among companies and other factors may worsen order volume and order terms, affecting business performance and other matters.」
The deterioration of order volume and order terms resulting from a weaker domestic economy, declines in public-sector projects and private-sector capital investment, and intensifying competition was identified for the first time as an independent risk in the construction market.