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Daiwa House Industry (1925) · RiskWorsenedLatest Results (2026-08-06): "Mitigated"

Surging raw material, construction material prices and labor costs

First written in FY2016. 11 of 28 entries say "Restated". Latest entry: 2026-08-06.

28entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018-Q3RestatedFY2020-Q1 – FY2021-Q3WorsenedFY2022-Q1 – FY2023-Q32016: 320162017: 320172018: 320182019: 220192020: 220202021: 320212022: 320222023: 420232024: 220242025: 120252026: 22026
Same theme, other companies
Difficulty Passing Increases in Construction Materials and Labor Costs Through to Contract PricesA theme 70 companies write about · 71 as a headwind · 0 as a tailwind

Daiwa House Industry moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).

The whole theme swung hardest in 2022: 42 of 63 companies on the "Worse" side.

14 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 70 companies compared. The sentences above are computed from all 70.
Full recordFilings, disclosures and news, newest first
  1. FY2025WorsenedAnnual report

    「More recently, there have been concerns that the tariffs announced by U.S. President Trump will increase the cost of imported construction materials.」

    In addition to the previous surge in material and labor costs, the disclosure identified higher costs for imported construction materials due to U.S. reciprocal tariffs as a new factor.
  2. FY2025-H1MitigatedAnnual report

    「In the PPS business, profitability improved due in part to initiatives including the introduction of a power procurement adjustment charge, a proprietary fuel-cost adjustment, and the stabilization of spot prices in the wholesale electricity market. As future business conditions in the electricity industry are difficult to predict, we will continue addressing business risks and working to stabilize the PPS business.」

    Profitability in the PPS business improved due to the introduction of the power procurement adjustment charge and stable spot prices, and the company continues to address business risks and work toward stabilization.
  3. FY2024-Q3RestatedAnnual report

    「In addition, from April 2024, limits on overtime work will take effect in response to the amended Labor Standards Act, which also applies to the construction industry, and worsening labor shortages, higher costs and other factors could affect business management and other operations. Along with strengthening relationships with partner companies, we will continue working to improve productivity through greater operational efficiency, energy conservation and the promotion of digital transformation, among other measures.」

    The disclosure continues to identify the April 2024 limits on overtime work, labor shortages and higher costs as risks, and reconfirms stronger relationships with partner companies, greater operational efficiency, energy conservation and digital transformation as countermeasures.
  4. FY2024-Q2MitigatedAnnual report

    「In addition, from April 2024, limits on overtime work will take effect in response to the amended Labor Standards Act, which also applies to the construction industry, and higher costs and other factors could affect business management and other operations. Along with strengthening relationships with partner companies, we will continue working to improve productivity through greater operational efficiency, energy conservation and the promotion of digital transformation, among other measures.」

    While continuing to identify the risk of higher costs due to limits on overtime work, the disclosure explicitly identified stronger relationships with partner companies, greater operational efficiency, energy conservation and digital transformation as countermeasures.
  5. FY2024-Q1WorsenedAnnual report

    「In addition, from April 2024, limits on overtime work will take effect in response to the amended Labor Standards Act, which also applies to the construction industry, and higher costs and other factors could affect business management and other operations.」

    In addition to surging raw-material and construction-material prices, the disclosure newly identified the risk of higher costs due to the limits on overtime work taking effect in April 2024.
  6. FY2023MitigatedAnnual report

    「Over the past year, the company has been passing higher raw-material prices and labor costs on to selling prices, and a recovery is expected from fiscal 2023 onward.」

    While lower margins due to surging raw-material prices and labor costs continue, the company is passing these increases on to selling prices and expects a recovery from fiscal 2023 onward.
  7. FY2023-Q3WorsenedAnnual report

    「In the PPS business, resource prices for overseas procurement have risen substantially due to the prolonged situation in Ukraine and the weaker yen, causing electricity procurement prices to surge. The challenging business environment is expected to continue.」

    The disclosure explicitly identified a challenging business environment in which overseas-procured resource prices and electricity procurement prices continue to rise. It is seeking to contain the impact by revising selling prices and reducing the proportion of procurement from the wholesale market, among other measures.
  8. FY2023-Q1WorsenedAnnual report

    「In the PPS business, resource prices for overseas procurement have risen substantially due to the prolonged situation in Ukraine and the sharp depreciation of the yen. As a result, electricity procurement prices have surged and the challenging business environment continues, but we are working to minimize the impact by revising selling prices and reducing the proportion of procurement from the wholesale electricity market, among other measures.」

    Higher resource prices and electricity procurement prices have materialized in the business environment, and the company is responding by revising selling prices and reducing the procurement ratio.
  9. FY2022WorsenedAnnual report

    「The business environment became more challenging, with the intensifying situation in Ukraine increasing downside risks to the global economy through higher resource and raw-material prices, volatility in financial and capital markets, supply-side constraints and other factors, leaving the outlook more uncertain than before.」

    In addition to the previous surge in material and labor costs, the disclosure described worsening cost pressures, including the situation in Ukraine, resource and raw-material prices, and supply constraints.
  10. FY2022-Q3WorsenedAnnual report

    「The outlook for the future social and economic environment remains uncertain, with downside risks from restrictions on activities due to the rapid spread of new variants, supply-side constraints and trends in raw-material prices. Social trends will therefore continue to require close monitoring.」

    In addition to the previously identified risks related to material prices and labor supply and demand, the disclosure explicitly identified supply-side constraints and downside risks from raw-material price trends, reflecting greater uncertainty about the outlook.
  11. FY2022-Q2WorsenedAnnual report

    「Meanwhile, conditions that cannot be viewed optimistically, including supply-chain disruptions, higher raw-material prices and uneven economic recovery, are expected to continue for the time being.」

    Although another disclosure indicates that concern over the wood shock is trending lower as timber futures prices stabilize, the company indicated that broad cost and supply risks, including supply-chain disruptions and higher raw-material prices, are expected to persist for the time being.
  12. FY2022-Q1WorsenedAnnual report

    「Meanwhile, conditions that cannot be viewed optimistically, including the wood shock originating from stronger housing demand in the United States and surging steel prices, are expected to continue for the time being.」

    In addition to the previously identified risks from rising material prices and labor costs, the disclosure indicated that the wood shock and surging steel prices are expected to persist for the time being.
  13. FY2021-Q3RestatedAnnual report

    「At the same time, it is necessary to continue addressing labor shortages in the construction industry resulting from population aging and other factors, as well as fluctuations in construction-material prices due to changes in demand.」

    Labor shortages in the construction industry and fluctuations in construction-material prices are identified as issues requiring continued action.
  14. FY2021-Q2RestatedAnnual report

    「At the same time, it is necessary to continue addressing labor shortages in the construction industry resulting from population aging and other factors, as well as fluctuations in construction-material prices due to changes in demand.」

    Labor shortages in the construction industry and fluctuations in construction-material prices are identified as issues requiring continued action.
  15. FY2020-Q3RestatedAnnual report

    「At the same time, it is necessary to continue addressing labor shortages in the construction industry resulting from population aging and other factors, as well as fluctuations in construction-material prices due to changes in demand.」

    Labor shortages in the construction industry and fluctuations in construction-material prices are identified as business issues requiring continued action.
  16. FY2020-Q1RestatedAnnual report

    「At the same time, it is necessary to continue addressing labor shortages in the construction industry resulting from population aging and other factors, as well as fluctuations in construction-material prices due to changes in demand.」

    Labor shortages in the construction industry and fluctuations in construction-material prices are identified as business issues requiring continued action.
  17. FY2019-Q3MaterialisedAnnual report

    「However, revenue from this business was ¥273,385 million, down 0.7% from the same period of the previous year, while operating profit was ¥13,331 million, down 14.1% from the same period of the previous year due to higher labor costs and other expenses.」

    The disclosure states that higher labor costs and other expenses actually resulted in a 14.1% decline in operating profit in the detached-home business.
  18. FY2019-Q2MaterialisedAnnual report

    「However, revenue from this business was ¥187,414 million, down 2.6% from the same period of the previous year, while operating profit was ¥9,879 million, down 16.7% from the same period of the previous year due to higher labor costs and surging material prices.」

    The disclosure states that higher labor costs and other expenses and surging material prices actually resulted in lower operating profit in the detached-home business.
  19. FY2019-Q1ReframedAnnual report

    「It is also necessary to continue addressing labor shortages in the construction industry resulting from population aging and other factors, as well as fluctuations in construction-material prices due to changes in demand.」

    The disclosure explicitly identified labor shortages in the construction industry resulting from population aging and other factors, and fluctuations in material prices due to changes in demand, as issues requiring continued action, revising the previous wording on monitoring construction-material prices and labor supply and demand.
  20. FY2018-Q3RestatedAnnual report

    「In the general construction market, construction demand is expected to rise toward the Tokyo Olympic and Paralympic Games, but trends in construction-material prices and labor supply and demand will continue to require close monitoring.」

    While construction demand is expected to increase, construction-material prices and labor supply and demand are identified as risks that should continue to be monitored closely.
  21. FY2018-Q2RestatedAnnual report

    「In the general construction market, construction demand is expected to rise toward the Tokyo Olympic and Paralympic Games, but trends in construction-material prices and labor supply and demand will continue to require close monitoring.」

    While construction demand is expected to increase, trends in construction-material prices and labor supply and demand are identified as risks that should continue to be monitored closely.
  22. FY2018-Q1RestatedAnnual report

    「In the general construction market, construction demand is expected to rise toward the 2020 Tokyo Olympic and Paralympic Games, but construction-material price trends will continue to require close monitoring.」

    While construction demand is expected to increase, construction-material price trends continue to be monitored closely.
  23. FY2017-Q3RestatedAnnual report

    「In the general construction market, construction demand is expected to rise toward the 2020 Tokyo Olympic and Paralympic Games, but construction-material price trends will continue to require close monitoring.」

    While construction demand is expected to increase, construction-material price trends continue to be monitored closely.
  24. FY2017-Q2RestatedAnnual report

    「In the general construction market, construction demand is expected to rise toward the 2020 Tokyo Olympic and Paralympic Games, but construction-material price trends will continue to require close monitoring.」

    While construction demand is expected to increase, construction-material prices are identified as a risk that should continue to be monitored closely.
  25. FY2017-Q1RestatedAnnual report

    「In the general construction market, construction demand is expected to rise toward the 2020 Tokyo Olympic and Paralympic Games, but construction-material price trends will continue to require close monitoring.」

    Along with the expected expansion in construction demand, construction-material prices are identified as a risk that should continue to be monitored.
  26. FY2016First statedAnnual report

    「Surging raw-material, construction-material and labor costs lead to higher purchasing prices and construction costs, but if these increases cannot be passed on to selling prices, they could adversely affect operating performance and other results.」

    The disclosure identifies margin pressure from rising costs that cannot be passed on to selling prices as a risk.
Moved together

"Contraction of Japan's Housing Market Due to Population Decline" moved the same way as this thread, in the same document, in 7 of its 28 moves.

765444★123456
  1. ★This thread
  2. 1Contraction of Japan's Housing Market Due to Population Decline7×
  3. 2International Economic Uncertainty from China's Economic Slowdown and the UK's Withdrawal from the EU6×
  4. 3Impact of Rising Interest Rates on Funding Costs and Housing Demand5×
  5. 4Growth Investments to Enhance Corporate Value4×
  6. 5Overseas Business Expansion Centered on China4×
  7. 6Comprehensive Proposals for Corporate Logistics, Medical and Nursing Care Facilities4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Daiwa House Industry's next results are scheduled for 2026-11-11. Read the earnings preview It last moved in the Results of 2026-08-06: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.