Deterioration in the order environment due to declines in public and private capital investment
First written in FY2016. 26 of 33 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 8 of 30 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「② Risk relating to changes in the order environment」
The Company continues to identify the risk relating to changes in the order environment and states that no new business or other risks had arisen and that there had been no material changes. - FY2025-H1RestatedAnnual report
「③ Risk relating to changes in the order environment」
The Company continues to identify the risk relating to changes in the order environment as a major risk and states that no new risks had arisen and that there had been no material changes. The risks have not been quantified using numerical measures. - FY2024ReframedAnnual report
「3. Risk relating to changes in the order environment」
The Company has refined the wording from "deterioration in the order environment" to "changes in the order environment" and describes measures including energy-saving projects such as ZEB conversion, a self-consumption solar PPA business, participation from the planning and design stages, and efficient allocation of construction managers. - FY2024-Q3RestatedAnnual report
「③ Risk relating to deterioration in the order environment」
The Company continues to identify the risk relating to deterioration in the order environment as a major risk and states that there had been no material changes in business or other risks. - FY2024-Q2RestatedAnnual report
「③ Risk relating to deterioration in the order environment」
The Company continues to identify the risk relating to deterioration in the order environment as a major risk and states that no new risks had arisen and that there had been no material changes. - FY2023-Q3RestatedAnnual report
「③ Risk relating to deterioration in the order environment」
The Company continues to identify the risk relating to deterioration in the order environment and states that no new business or other risks had arisen and that there had been no material changes. - FY2023-Q2RestatedAnnual report
「③ Risk relating to deterioration in the order environment」
The Company continues to identify the risk relating to deterioration in the order environment and states that no new business or other risks had arisen and that there had been no material changes. - FY2023-Q1RestatedAnnual report
「③ Risk relating to deterioration in the order environment」
The Company continues to identify the risk relating to deterioration in the order environment and states that no new business or other risks had arisen and that there had been no material changes. - FY2022RestatedAnnual report
「If a material change occurs in the order environment, such as a decline in capital investment by private-sector companies and government agencies, including the Chugoku Electric Power Group, a major customer of the Company's group, the Company may be unable to secure orders, which could affect the performance of the Company's group.」
The Company continues to identify the risk of deterioration in the order environment due to declines in capital investment by major customers, private-sector companies and government agencies. - FY2022-Q3RestatedAnnual report
「③ Risk of deterioration in the order environment」
The Company continues to identify the risk of deterioration in the order environment and states that no new business or other risks had arisen and that there had been no material changes. - FY2022-Q2RestatedAnnual report
「③ Risk of deterioration in the order environment」
The Company continues to identify the risk of deterioration in the order environment and states that no new business or other risks had arisen and that there had been no material changes. - FY2022-Q1RestatedAnnual report
「During the cumulative period of the first quarter, the business environment was characterized by firm public investment, although there were concerns that private-sector capital investment could contract or be postponed due to the impact of the COVID-19 pandemic, in addition to severe competition for orders and labor shortages.」
The Company continues to describe firm public investment, competition for orders, labor shortages, and concerns that the spread of the novel coronavirus could cause private-sector capital investment to contract or be postponed. - FY2021RestatedAnnual report
「In addition to developing new technologies and actively proposing VE (Value Engineering) and CD (Cost Down) measures to meet customer satisfaction, the Company's group is working to strengthen its competitiveness by collecting sales information at an early stage and promoting participation in projects from the planning and design stages before orders are placed.」
The Company continues to recognize the risk of deterioration in the order environment and describes responses including technology development, VE and CD proposals, early collection of sales information, participation from the planning and design stages, and a "select and concentrate" approach. - FY2021-Q3RestatedAnnual report
「During the cumulative period of the first 3 quarters, the business environment was characterized by solid public investment, although concerns remained that private-sector capital investment could contract or be postponed due to the impact of the COVID-19 pandemic, in addition to severe competition for orders and labor shortages.」
The Company continues to describe solid public investment, competition for orders, labor shortages, and concerns that the spread of the novel coronavirus could cause private-sector capital investment to contract or be postponed. - FY2021-Q2RestatedAnnual report
「During the cumulative period of the first 2 quarters, the business environment was characterized by firm public investment, although there were concerns that the spread of the novel coronavirus could cause private-sector capital investment to contract or be postponed.」
The Company describes concerns that the spread of the novel coronavirus could cause private-sector capital investment to contract or be postponed. Meanwhile, it states that no new business or other risks had arisen and that there had been no material changes. - FY2021-Q1WorsenedAnnual report
「During the cumulative period of the first quarter, the business environment was characterized by firm public investment, although there were concerns that the spread of the novel coronavirus could cause capital investment to contract or be postponed.」
In addition to the general risk of declining capital investment, the Company specifically identifies concerns that the spread of the novel coronavirus could cause capital investment to contract or be postponed. However, it states that no new business or other risks had arisen and that there had been no material changes. - FY2020ReframedAnnual report
「If a material change occurs in the order environment, such as a decline in capital investment by private-sector companies and government agencies, including the Chugoku Electric Power Group, major customers of the Company's group, the Company may be unable to secure the orders required by its group, which could affect the group's performance.」
The Company has reorganized the risk of deterioration in the order environment into a risk management table covering the impact on securing orders and measures including technology development, proposals for VE and CD, early collection of sales information, and participation in projects from the planning and design stages through a "select and concentrate" approach. - FY2020-Q3RestatedAnnual report
「During the cumulative period of the first 3 quarters, the business environment was characterized by solid public investment and an increase in private-sector capital investment, supported by high levels of corporate earnings, although intensified competition for orders and labor shortages continued.」
The Company states that public investment remained solid or private-sector capital investment increased, while competition for orders continued to intensify. It states that there had been no material changes in the risk of deterioration in the order environment. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period ended the second quarter. There have also been no material changes in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that no new business or other risks had arisen and that there had been no material changes, while continuing to identify deterioration in the order environment as a risk. - FY2020-Q1RestatedAnnual report
「During the cumulative period of the first quarter, the business environment was characterized by firm public investment and an increase in private-sector capital investment, supported by improved corporate earnings, although intensified competition for orders and labor shortages continued. ① Deterioration in the order environment」
The Company explains that public investment and private-sector capital investment remained firm or increased, while competition for orders continued to intensify. It states that there had been no material changes in the risk of deterioration in the order environment. - FY2019RestatedAnnual report
「If a material change occurs in the order environment, such as a decline in capital investment by private-sector companies and government agencies, including The Chugoku Electric Power Company,Incorporated, a major customer of the Company's group, this could affect the performance of the Company's group.」
The Company continues to identify changes in the order environment caused by declines in capital investment by major customers, including Chugoku Electric Power, private-sector companies and government agencies as a risk. - FY2019-Q3RestatedAnnual report
「① Deterioration in the order environment」
No new business or other risks had arisen, and the Company continues to list deterioration in the order environment as a risk. Public investment and private-sector capital investment remained firm or increased, while competition for orders continued to intensify. - FY2019-Q2RestatedAnnual report
「During the cumulative period of the first 2 quarters, the business environment was characterized by firm public investment and an increase in private-sector capital investment, supported by improved corporate earnings, although intensified competition for orders and labor shortages continued. ① Deterioration in the order environment」
The Company explains that public investment and private-sector capital investment remained firm or increased, while competition for orders continued to intensify. It states that no new business or other risks had arisen and that there had been no material changes. - FY2019-Q1RestatedAnnual report
「In the construction industry, public investment and private-sector capital investment remained firm, but competition for orders intensified and labor shortages continued.」
The Company states that public investment and private-sector capital investment remained firm, while competition for orders continued to intensify. It also states that there were no material changes in business or other risks. - FY2018RestatedAnnual report
「If a material change occurs in the order environment, such as a decline in capital investment by private-sector companies and government agencies, including The Chugoku Electric Power Company,Incorporated, a major customer of the Company's group, this could affect the performance of the Company's group.」
The Company continues to identify material changes in the order environment caused by declines in capital investment by major customers, private-sector companies and government agencies as a risk. - FY2018-Q3RestatedAnnual report
「If a material change occurs in the order environment, such as a decline in capital investment by private-sector companies and government agencies, including The Chugoku Electric Power Company,Incorporated, a major customer of the Company's group, this could affect the performance of the Company's group.」
The Company continues to identify material changes in the order environment caused by declines in capital investment by major customers, including Chugoku Electric Power, private-sector companies and government agencies, as a risk. - FY2018-Q2ReframedAnnual report
「If a material change occurs in the order environment, such as a decline in capital investment by private-sector companies and government agencies, including The Chugoku Electric Power Company,Incorporated, a major customer of the Company's group, this could affect the performance of the Company's group.」
Regarding the risk of deterioration in the order environment, the Company has refined the wording from a general reference to declines in public investment and private-sector capital investment to a material change caused by declining capital investment by major customers, including Chugoku Electric Power, private-sector companies and government agencies. - FY2018-Q1RestatedAnnual report
「① Deterioration in the order environment」
The Company states that no new business or other risks have arisen and that there have been no material changes to the matters described for the previous fiscal year, while continuing to list deterioration in the order environment as a risk. - FY2017RestatedAnnual report
「(1) Deterioration in the order environment If public investment and private-sector capital investment continue to decline due to changes in economic conditions, competition for orders may intensify further and affect the performance of the Company's group.」
The Company continues to identify decreases in public investment and private-sector capital investment and intensified competition for orders as major risks. - FY2017-Q3RestatedAnnual report
「① Deterioration in the order environment In the construction industry, both public investment and private-sector capital investment remained firm, and the order environment was generally steady.」
While continuing to list deterioration in the order environment as a risk, the Company explains that public investment, private-sector capital investment and the order environment were generally steady during the current quarter. - FY2017-Q2MitigatedAnnual report
「In the construction industry, both public investment and private-sector capital investment remained firm, and the order environment was generally steady.」
In contrast to the previous quarter's statement that "the previously favorable order environment began to deteriorate," the Company explains that public investment and private-sector capital investment remained firm during the current quarter and that the order environment was generally steady. Meanwhile, deterioration in the order environment continues to be listed as a risk item. - FY2017-Q1WorsenedAnnual report
「In the construction industry, public investment was on a declining trend and private-sector capital investment remained broadly flat, indicating the beginning of a deterioration in the previously favorable order environment.」
The Company states that the previously favorable order environment began to deteriorate as public investment declined and private-sector capital investment remained flat. - FY2016First statedAnnual report
「If public investment and private-sector capital investment continue to decline due to changes in economic conditions, competition for orders may intensify further and affect the performance of the Company's group.」
The Company identifies intensified competition for orders as a risk that could affect its performance.