Labor Shortage in the Construction Industry
First written in FY2016. 22 of 28 entries say "Restated". Latest entry: 2026-10-30.
The whole theme swung hardest in 2024: 7 of 21 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- 2026-10-30RestatedRevisions to earnings forecasts
「During the interim accounting period, the business environment remained favorable in areas such as capital investment by manufacturers and redevelopment in urban areas, although concerns persisted over persistently high raw material prices, labor shortages and the impact of the situation in the Middle East on the business.」
The Company continues to identify labor shortages as a concern in the business environment. - FY2026RestatedAnnual report
「1. Risk related to securing and developing human resources Failure to meet recruitment plans, employee turnover, insufficient employee development, or a shortage of personnel with national qualifications and skills could make it difficult to establish an adequate construction structure or maintain technical capabilities, preventing the Group from securing revenue and potentially affecting its performance.」
The Group continues to identify the risk of securing and developing human resources as a major risk, specifically stating that failure to meet recruitment plans, employee turnover, insufficient development, and shortages of personnel with national qualifications and skills could affect its construction structure and revenue. - FY2026-H1RestatedAnnual report
「① Risk related to securing and developing human resources」
The Group continues to identify the risk related to securing and developing human resources as a major risk. It states that labor shortages persist in its business environment. - FY2025-H1RestatedAnnual report
「⑥ Risk related to securing and developing human resources」
The Group continues to identify the risk related to securing and developing human resources as a major risk, and states that there have been no new risks or significant changes. It also states that labor costs are continuing to rise because of the labor shortage in the business environment. - FY2024-Q3WorsenedAnnual report
「During the first 3 quarters of the current fiscal year, public investment remained firm and private-sector capital investment showed signs of recovery as social and economic activity became more active following the reclassification of COVID-19 to Category 5. However, energy and raw material prices remained elevated due to the prolonged situation in Ukraine and the impact of exchange rates, while labor costs continued to surge amid labor shortages.」
In addition to the continuing labor shortage, the Group explicitly identifies the resulting rise in labor costs as a challenge in its business environment. - FY2024-Q2RestatedAnnual report
「⑧ Risk related to securing and developing human resources」
The Group continues to identify the risk related to securing and developing human resources, and states that there have been no new risks or significant changes. - FY2023-Q3RestatedAnnual report
「⑨ Risk related to securing and developing human resources」
The Group continues to identify the risk related to securing and developing human resources, and states that there have been no newly arising business or other risks or significant changes. - FY2023-Q2RestatedAnnual report
「⑨ Risk related to securing and developing human resources」
The Group continues to identify the risk related to securing and developing human resources, and states that there have been no newly arising business or other risks or significant changes. - FY2023-Q1RestatedAnnual report
「⑨ Risk related to securing and developing human resources」
The Group continues to identify the risk related to securing and developing human resources, and states that there have been no newly arising business or other risks or significant changes. - FY2022RestatedAnnual report
「In the Group’s principal business, facilities construction, the workforce is aging as the number of new hires declines and the turnover rate remains high. As securing the workforce needed in the future has become an urgent issue, failure to secure personnel with the required national qualifications and skills could leave the Group unable to maintain revenue because of insufficient construction capacity, affecting its performance.」
The Group continues to identify the risk of securing and developing human resources, citing regular and mid-career recruitment, interaction with students, work-life balance, OJT and OFF-JT, and qualification training as countermeasures. - FY2022-Q3RestatedAnnual report
「⑨ Risk of securing and developing human resources」
The Group continues to identify the risk of securing and developing human resources, and states that there have been no newly arising business or other risks or significant changes. - FY2022-Q2RestatedAnnual report
「⑨ Risk of securing and developing human resources」
The Group continues to identify the risk of securing and developing human resources, and states that there have been no newly arising business or other risks or significant 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 Group continues to identify labor shortages, together with intense competition for orders and concerns over a decline in or postponement of private-sector capital investment due to the COVID-19 pandemic, as challenges in its business environment. - FY2021RestatedAnnual report
「To secure human resources, the Group conducts regular recruitment of new graduates and mid-career recruitment, taking into account expected future construction volumes and the number of retirements. It also provides opportunities to interact with students, including internships, workplace visits and outreach classes at technical high schools, in efforts to increase the workforce of the future.」
The Group continues to identify the risk of securing and developing human resources, citing recruitment, interaction with students, reviews of its personnel systems and compensation, OJT and OFF-JT, and cooperation with the Chudenko Cooperative Association as countermeasures. - 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 Group continues to identify labor shortages, along with intense competition for orders, as a challenge in its business environment. It also identifies the risk of securing and developing human resources as a risk item. - FY2021-Q2RestatedAnnual report
「⑧ Risk of securing and developing human resources」
The Group continues to identify the risk of securing and developing human resources. It states that there have been no new risks or significant changes concerning business and other risks. - FY2021-Q1ReframedAnnual report
「⑧ Risk of securing and developing human resources」
The risk item has been organized to cover not only the previously cited labor shortage in the construction industry and the need to secure the workforce of the future, but also the securing and development of human resources. - FY2020ReframedAnnual report
「In the Group’s principal business, facilities construction, the workforce is aging as the number of new hires declines and the turnover rate remains high. As securing the workforce needed in the future has become an urgent issue, failure to secure personnel with the required national qualifications and skills when needed could leave the Group unable to maintain revenue because of insufficient construction capacity, affecting its performance.」
The previously identified labor shortage in the construction industry is specified as a risk that declining recruitment, high turnover, an aging workforce, and insufficient access to qualified and skilled personnel could affect construction capacity and revenue. - 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 labor shortages, together with intensifying competition for orders, continue to be conditions and challenges facing the construction industry. - FY2020-Q2RestatedAnnual report
「During the six-month period ended Q2, the business environment was characterized by firm public investment and an increase in private-sector capital investment against a backdrop of improving corporate earnings, although intense competition for orders and labor shortages continued.」
The company states that public investment and private-sector capital investment remained firm or increased, while intense competition for orders and labor shortages continued. - FY2020-Q1RestatedAnnual report
「During the three-month period ended Q1, the business environment was characterized by firm public investment and an increase in private-sector capital investment against a backdrop of improving corporate earnings, although intense competition for orders and labor shortages continued.」
Labor shortages continue to be identified as a condition and challenge facing the construction industry. - FY2019RestatedAnnual report
「Going forward, public investment is expected to remain firm and private-sector capital investment is expected to increase, but intense competition for orders and labor shortages are expected to continue.」
While expressing expectations for public investment and private-sector capital investment, the company expects intense competition for orders and labor shortages to continue. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended Q3, the business environment was characterized by firm public investment and an increase in private-sector capital investment against a backdrop of improving corporate earnings, although intense competition for orders and labor shortages continued.」
Labor shortages continue to be identified as a condition and challenge facing the construction industry. - FY2019-Q2RestatedAnnual report
「During the six-month period ended Q2, the business environment was characterized by firm public investment and an increase in private-sector capital investment against a backdrop of improving corporate earnings, although intense competition for orders and labor shortages continued.」
Labor shortages continue to be identified as a condition and challenge facing the construction industry. - 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 labor shortages remain a challenge for the construction industry. It also identifies securing an adequate construction workforce amid an increase in outstanding construction orders as a challenge. - FY2018Re-emergenceAnnual report
「In the construction industry, public investment and private-sector capital investment remained firm, but challenges including intense competition for orders and labor shortages were also evident.」
The labor shortage, which was not explicitly mentioned in the FY2017 Securities Report, is again identified as a challenge facing the construction industry. - FY2017DroppedAnnual reportThe FY2017 Securities Report contains no reference to the labor shortage in the construction industry that had been disclosed previously.
- FY2016First statedAnnual report
「While the order environment remained generally strong, difficult conditions including labor shortages also continued.」
In describing industry conditions, the company identifies labor shortages as a difficult condition.