Higher Subcontracting Labor Costs Due to Labor Shortages
First written in FY2016. 20 of 23 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
81 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group continuously monitors and manages the execution capabilities of its subcontractors and seeks to strengthen its relationships with them in order to establish a stable construction execution structure.」
The company continues to address the risk of higher subcontracting costs due to labor shortages by monitoring and managing the construction capabilities of subcontractors. - FY2022-Q3RestatedAnnual report
「In this case, the assumptions underlying the estimates above may become inconsistent with factors including higher labor costs due to labor shortages and surging material prices resulting from higher copper prices, potentially affecting the operating results and financial position of the Group.」
Higher labor costs due to labor shortages, together with surging material prices and the prolonged impact of infectious diseases, continue to be cited as factors affecting earnings and financial position. - FY2022-Q2RestatedAnnual report
「However, in addition to higher labor costs caused by the labor shortage and surging material prices due to higher copper prices, a resurgence of COVID-19 infections could cause conditions to diverge from the assumptions above, and the suspension or postponement of construction work could affect the Group's results and financial condition.」
It describes the risk that labor costs will continue to rise due to labor shortages. No new subcontracting cost amounts or specific earnings impact are provided. - FY2022-Q1RestatedAnnual report
「However, in addition to higher labor costs caused by the labor shortage and surging material prices due to higher copper prices, the timing of the end of the COVID-19 pandemic remains uncertain. If construction work is suspended or postponed and conditions diverge from the assumptions above, this could affect the Group's results and financial condition.」
It describes the risk that labor costs will continue to rise due to labor shortages. No specific subcontracting cost amounts or new earnings impact are provided. - FY2021MaterialisedAnnual report
「Various adverse effects have materialized or are a concern, including higher labor costs due to the labor shortage and surging material prices due to higher copper prices.」
It is cited as one of the adverse effects emerging from higher labor costs due to labor shortages. The company continues to monitor and manage the construction capabilities of subcontractors and strengthen those relationships. - FY2021-Q3RestatedAnnual report
「The industry is also facing difficult conditions, with the impact of the COVID-19 pandemic in addition to higher labor costs caused by the labor shortage and persistently high construction equipment and material prices.」
It states that the rise in labor costs due to labor shortages is continuing. No new figures or specific earnings impact from higher subcontracting costs are provided. - FY2021-Q2RestatedAnnual report
「The industry also continues to face difficult conditions due to the persistent labor shortage, a chronic industry-wide problem.」
The Group states that labor shortages continue to persist. No new figures or specific impact on results are indicated regarding higher subcontracting labor costs. - FY2021-Q1RestatedAnnual report
「The industry is also facing difficult conditions, with the impact of the COVID-19 pandemic in addition to higher labor costs caused by the labor shortage and persistently high construction equipment and material prices.」
The Group continues to report higher labor costs due to labor shortages. The impact of the COVID-19 pandemic is also noted, but no specific loss amount resulting from higher subcontracting labor costs is reported. - FY2020MitigatedAnnual report
「The Group continuously monitors and manages the execution capabilities of its subcontractors and seeks to strengthen its relationships with them in order to establish a stable construction execution structure.」
The risk of rising subcontracting labor costs due to labor shortages continues, while monitoring and managing subcontractors' execution capabilities and strengthening relationships with them are identified as countermeasures. - FY2020-Q3RestatedAnnual report
「In this industry, construction investment is expected to remain firm against the backdrop of redevelopment and other construction demand, particularly in the Tokyo metropolitan area. However, the uncertain operating environment continues due to persistently rising labor costs caused by labor shortages and high construction material and equipment prices.」
The Group describes a business environment in which labor costs continue to rise due to labor shortages. No new figures or specific impact on results are indicated regarding the risk of higher subcontracting labor costs. - FY2020-Q2RestatedAnnual report
「In this industry, construction investment is expected to remain firm against the backdrop of construction demand related to the Tokyo Olympic and Paralympic Games and other factors. However, the uncertain operating environment continues due to persistently rising labor costs caused by labor shortages and high construction material and equipment prices.」
The Group describes a business environment in which labor costs continue to rise due to labor shortages. No new figures or specific impact on results are indicated regarding the risk of higher subcontracting labor costs. - FY2020-Q1RestatedAnnual report
「In this industry, construction investment is expected to remain firm against the backdrop of construction demand related to the Tokyo Olympic and Paralympic Games. However, the uncertain operating environment continues due to persistently rising labor costs caused by labor shortages and high construction material and equipment prices.」
The Group describes a business environment in which labor costs continue to rise due to labor shortages. No new figures or specific impact on results are indicated regarding the risk of higher subcontracting labor costs. - FY2019RestatedAnnual report
「The Group outsources a substantial amount of construction work in conducting its electrical equipment construction business. If unit labor costs rise due to labor shortages or other factors, this could affect the Group's results.」
The Group continues to identify its reliance on outsourced construction work and the risk of rising subcontracting labor costs due to labor shortages. - FY2019-Q3RestatedAnnual report
「In the industry, private-sector construction investment is expected to remain firm as corporate capital spending increases against a backdrop of improved corporate earnings. However, the business environment remains uncertain due to rising labor costs caused by labor shortages and persistently high construction equipment and materials prices.」
The Group describes a business environment in which labor costs continue to rise due to labor shortages. No new figures or specific impact on results are indicated regarding the risk of higher subcontracting labor costs. - FY2019-Q2RestatedAnnual report
「In the industry, private-sector construction investment is expected to remain firm as corporate capital spending increases against a backdrop of improved corporate earnings. However, the business environment remains uncertain due to rising labor costs caused by labor shortages and persistently high construction equipment and materials prices.」
The Group describes a business environment in which labor costs continue to rise due to labor shortages. No new figures or specific impact on results are indicated regarding the risk of higher subcontracting labor costs. - FY2019-Q1RestatedAnnual report
「In the industry, public investment remained firm, and private-sector construction investment is also expected to continue its gradual recovery. However, the business environment remains uncertain due to rising labor costs caused by labor shortages and persistently high construction equipment and materials prices.」
The Group describes a business environment in which labor costs continue to rise due to labor shortages. No new figures or specific impact on results are indicated regarding the risk of higher subcontracting labor costs. - FY2018RestatedAnnual report
「The Group outsources a substantial amount of construction work in conducting its electrical equipment construction business. If unit labor costs rise due to labor shortages or other factors, this could affect the Group's results.」
The Group continues to identify its reliance on outsourced construction work and the risk of rising subcontracting labor costs due to labor shortages. Persistently high labor costs are also reported. - FY2018-Q3RestatedAnnual report
「In the industry, public investment remained firm, while private-sector construction investment also recovered as corporate capital spending picked up against a backdrop of improved corporate earnings. This trend is expected to remain firm, but the business environment remains uncertain due to persistently high labor costs and construction equipment and materials prices.」
The Group states that labor costs remain elevated. No new change or specific impact is indicated regarding the risks of labor shortages or rising subcontracting labor costs. - FY2018-Q2RestatedAnnual report
「In the industry, public investment remained firm, while private-sector construction investment also recovered as corporate capital spending picked up against a backdrop of improved corporate earnings. This trend is expected to remain firm, but the business environment remains uncertain due to persistently high labor costs and construction equipment and materials prices.」
The Group states that labor costs remain elevated. No new change or specific impact is indicated regarding the risks of labor shortages or rising subcontracting labor costs. - FY2018-Q1RestatedAnnual report
「In the industry, government construction investment related to reconstruction budgets and supplementary budgets for the previous fiscal year is expected to increase, and construction investment is expected to grow. However, the business environment remains uncertain due to persistently high labor costs and construction equipment and materials prices.」
The Group states that labor costs remain elevated. No new change or specific impact is indicated regarding the risks of labor shortages or rising subcontracting labor costs. - FY2017-Q3RestatedAnnual report
「Labor costs remained elevated due to the labor shortage, while construction equipment and material prices remained high due to the yen's depreciation and higher crude oil prices.」
The Group states that labor costs remain elevated against a backdrop of labor shortages. - FY2017-Q2RestatedAnnual report
「The operating environment remained uncertain due to the continued high levels of labor costs and construction equipment and material prices, as well as the yen's appreciation.」
The Group states that labor costs remain elevated. No new change or specific impact is indicated regarding the risks of labor shortages or rising subcontracting labor costs. - FY2016First statedAnnual report
「The Group outsources a substantial amount of construction work in conducting its electrical equipment construction business. If unit labor costs rise due to labor shortages or other factors, this could affect the Group's results.」
The Group identifies its reliance on outsourced construction work and rising subcontracting labor costs due to labor shortages as risks.