Decline in completed-construction revenue due to delays in construction progress
First written in FY2020-Q2. 15 of 25 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-07-31.
The Kodensha moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 10 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- 2026-07-31MitigatedEarnings
「Electrical equipment construction is expected to remain firm from the second quarter onward as a result of executing the still-high level of work on hand, or construction backlog for the next fiscal year.」
The Company executed a high level of work on hand, and revenue from completed construction contracts also increased year on year. The disclosures continue to indicate an improving trend in the risk of lower revenue from completed construction contracts due to delays in construction progress. - FY2026MitigatedAnnual report
「Completed construction revenue increased 17.0% from the previous fiscal year to ¥35,474 million, driven by the steady execution of the order backlog and the increase in sales volume.」
Despite the risk of a decline in completed construction revenue caused by delays in construction progress and project postponements, completed construction revenue increased 17.0% year on year through the steady execution of the order backlog and other measures. - FY2026-H1MitigatedAnnual report
「Against this backdrop, results for the period were revenue of ¥19,951 million, operating profit of ¥1,001 million, ordinary profit of ¥1,048 million and interim net profit attributable to owners of the parent of ¥675 million, reflecting higher revenue and earnings year on year due to the steady execution of work on hand and an increase in repair and maintenance work.」
As the company steadily executed its order backlog and repair and maintenance work increased, completed construction revenue from electrical equipment work rose 18.0% year on year to ¥15,580 million. The decline in completed construction revenue caused by delays in construction progress and project postponements improved in the interim period. - FY2025-H1MitigatedAnnual report
「Against this backdrop, results for the period were revenue of ¥17,304 million, operating profit of ¥855 million, ordinary profit of ¥871 million and interim net profit attributable to owners of the parent of ¥501 million, mainly due to the steady execution of a high level of work on hand and improvements in gross margins resulting from cost-reduction efforts.」
The company steadily executed its substantial order backlog, while gross margin also improved through cost-reduction initiatives, resulting in net sales and profit exceeding the year-earlier period. The decline in completed construction revenue caused by delays in construction progress and project postponements improved in the interim period. - FY2024MitigatedAnnual report
「Completed construction revenue increased 0.8% from the previous fiscal year to ¥25,748 million, supported by the continued recovery trend in private-sector construction investment, the development of large-scale development and renovation projects, and the continued strength of the electrical and piping materials markets.」
Completed construction revenue increased from ¥21,610 million in the previous fiscal year to ¥25,748 million, following the 18.2% increase in the prior year, and rose 0.8% year on year in the current year. The decline in completed construction revenue caused by project postponements and delays in construction progress has improved. - FY2024-Q3MitigatedAnnual report
「Electrical equipment work 17,076 74.4 17,640 72.4 563 3.3」
Revenue from electrical equipment work increased from ¥17,076 million in the year-earlier period to ¥17,640 million, an increase of ¥563 million, or 3.3%. The decline in completed construction revenue caused by delays in construction progress, project postponements, and other factors improved on a cumulative quarterly basis. - FY2024-Q2MitigatedAnnual report
「Electrical equipment work 10,894 74.5 11,317 72.7 422 3.9」
Revenue from electrical equipment work increased from ¥10,894 million in the year-earlier period to ¥11,317 million, an increase of ¥422 million, or 3.9%. The decline in completed construction revenue improved year on year. - FY2024-Q1MitigatedAnnual report
「Electrical equipment work 4,567 73.3 4,676 69.4 108 2.4」
Revenue from electrical equipment work increased 2.4% from ¥4,567 million in the year-earlier period to ¥4,676 million. The decline in completed construction revenue associated with delays in construction progress and other factors improved year on year in the current quarter. - FY2023MitigatedAnnual report
「Completed construction revenue increased 18.2% from the previous fiscal year to ¥25,553 million, owing to a steady recovery in private-sector construction investment and the development of large-scale redevelopment and renovation projects.」
Completed construction revenue increased from ¥21,610 million in the previous fiscal year to ¥25,553 million, up 18.2%, and the full-year decline in completed construction revenue caused by delays in construction progress and project postponements improved. - FY2023-Q3MitigatedAnnual report
「Electrical equipment work 14,512 71.6 17,076 74.4 2,564 17.7」
Completed construction revenue from electrical equipment work increased from ¥14,512 million in the year-earlier period to ¥17,076 million, up 17.7% year on year. The decline in completed construction revenue caused by delays in construction progress and other factors improved on a cumulative quarterly basis. - FY2023-Q2MitigatedAnnual report
「Electrical equipment work 9,541 71.8 10,894 74.5 1,353 14.2」
Revenue from electrical equipment work increased from ¥9,541 million in the year-earlier period to ¥10,894 million, up 14.2% year on year. The decline in completed construction revenue associated with delays in construction progress and other factors improved on a cumulative quarterly basis. - FY2023-Q1MitigatedAnnual report
「Electrical equipment work 4,501 71.0 4,567 73.3 65 1.5」
Completed construction revenue from electrical equipment work increased 1.5% from ¥4,501 million in the year-earlier period to ¥4,567 million, improving in the current quarter from the decline in completed construction revenue caused by delays in construction progress and other factors. Orders received were ¥5,480 million, and carryover construction orders were ¥19,496 million. - FY2022WorsenedAnnual report
「As a result, net sales were ¥29,159 million, operating income was ¥417 million, ordinary income was ¥535 million, and net income attributable to owners of the parent was ¥310 million, all below the previous fiscal year.」
Due to postponements and cancellations of orders for small- and medium-sized renovation projects, repair and maintenance work, and other projects, as well as constraints on the supply of materials and parts, net sales declined 10.1% year on year and completed construction revenue declined 11.4%. The impact of the decline in completed construction revenue is reflected in full-year results. - FY2022-Q3WorsenedAnnual report
「However, as the effects of the COVID-19 pandemic continued for longer than expected, orders for small- and medium-sized renovation projects, repair and maintenance work, and other projects that had been expected to generate orders were postponed. In addition, constraints on the supply of materials and parts negatively affected construction schedules and product sales, making it difficult to secure the sales volume anticipated at the beginning of the period.」
In addition to postponements of orders for small- and medium-sized renovation projects, repair and maintenance work, and other projects, constraints on the supply of materials and parts affected construction schedules and product sales, preventing the company from securing the anticipated sales volume. The risk of a decline in completed construction revenue is continuing and expanding. - FY2022-Q2WorsenedAnnual report
「Due to fluctuations in construction timing resulting from the postponement of orders for large-scale new-build projects, small- and medium-sized renovation projects, repair and maintenance work, and other projects that had been expected to generate orders, it became difficult to secure the sales volume anticipated at the beginning of the period,」
Changes in construction timing resulting from postponed orders for large-scale new-build projects, small- and medium-sized renovation projects, repair and maintenance work, and other projects have emerged as an actual factor preventing the company from securing the anticipated sales volume. - FY2022-Q1MitigatedAnnual report
「Electrical equipment work 4,276 71.9 4,501 71.0 225 5.3」
Completed construction revenue from electrical equipment work increased 5.3% year on year to ¥4,501 million, improving from the decline recorded in the year-earlier period. However, orders received declined 28.3% year on year, and weakness in orders remains. - FY2021WorsenedAnnual report
「Completed construction revenue declined 8.4% from the previous fiscal year to ¥24,393 million, mainly due to reductions in and postponements of capital expenditure plans by major customers and postponements of renovation projects.」
Completed construction revenue declined 8.4% for the full year due to postponements of major customers' capital expenditure plans and renovation projects. The risk of a decline in completed construction revenue is continuing and expanding in actual results. - FY2021-Q3WorsenedAnnual report
「For the nine-month period of the current third quarter, net sales were ¥22,726 million, operating income was ¥593 million, ordinary income was ¥664 million, and net income attributable to owners of the parent was ¥425 million, all below the year-earlier period due to the decline in repair and maintenance work and large-scale projects, the contraction of sales activities resulting from the spread of COVID-19, and other factors.」
In addition to the decline in repair and maintenance work and large-scale projects, the contraction of sales activities due to the spread of COVID-19 affected results, and net sales fell 5.7% year on year. Completed construction revenue also declined 3.4% year on year to ¥16,775 million. - FY2021-Q2WorsenedAnnual report
「As a result, consolidated results for the cumulative second quarter period fell below the year-earlier period, with net sales of ¥14,460 million, operating income of ¥254 million, ordinary income of ¥302 million and quarterly profit attributable to owners of the parent of ¥193 million, owing to declines in repair and maintenance work and large projects and the contraction in sales activities caused by the spread of COVID-19.」
In addition to the decline in repair and maintenance work and large-scale projects, the contraction of sales activities due to the spread of COVID-19 further affected results, and net sales declined year on year. The factors behind the decline in completed construction revenue are continuing. - FY2021-Q1WorsenedAnnual report
「In addition to decreases in repair and maintenance work and large-scale projects, sales activities were constrained by the spread of COVID-19, resulting in net sales of ¥5.949 billion, down 14.2% year on year.」
In addition to the decline in repair and maintenance work and large-scale projects, restrictions on sales activities due to the spread of COVID-19 further affected results, and net sales fell 14.2% year on year. The factors behind the decline in completed construction revenue are continuing and expanding. - FY2020WorsenedAnnual report
「Net sales from completed construction decreased 5.8% from the previous consolidated fiscal year to ¥26.637 billion, due to factors including fluctuations in large-scale projects.」
The decline in net sales from completed construction was confirmed for the full fiscal year, down 5.8% year on year. The theme of declining net sales from completed construction due to delays in construction progress and changes in project composition through the previous quarter continues. - FY2020-Q3ReframedAnnual report
「The company promoted the strengthening of proposal-based sales in the renovation field, its growth strategy, but revenue totaled ¥2,409.7 million, down 7.7% year on year, due in part to a decline in completed construction revenue from small- and medium-sized projects, despite an increase in completed construction revenue from large-scale projects.」
Net sales from completed construction and net sales have continued to decline, but this disclosure identifies a decrease in net sales from completed construction for small and medium-sized projects, amid an increase in large-scale projects, rather than the “delays in construction progress and other factors” cited previously. The description of the risk of a decline in net sales from completed construction has shifted to changes in project-size composition. - FY2020-Q2First statedAnnual report
「Against this backdrop, the company promoted stronger proposal-based sales in the renovation field, its growth strategy. However, due to a decrease in net sales from completed construction resulting from delays in construction progress and other factors, net sales were ¥16.011 billion, down 4.3% year on year.」
The company has stated for the first time that delays in construction progress and other factors actually resulted in a decrease in net sales from completed construction and a 4.3% year-on-year decline in net sales.