Market environment risk from declines in private capital investment and public investment
First written in FY2016. 21 of 34 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 23 of 41 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the construction industry, public investment remained solid, and private capital investment also remained resilient. However, the business environment remains challenging due to persistently high construction material prices and labor costs and the worsening labor shortage, leaving the outlook for the business environment surrounding the Group still far from optimistic.」
While describing public and private capital investment as resilient, the company continues to report a challenging business environment due to material prices, labor costs and labor shortages. - FY2026-H1RestatedAnnual report
「In the construction industry, public investment has remained firm as related budgets have been executed, while private-sector capital investment has also continued to show signs of recovery.」
The company continues to describe resilient public investment and a recovery in private capital investment. At the same time, it cites concerns including longer construction periods and a shortage of workers. - FY2025Solid capital investment and improving order profitabilityAnnual report
「In the construction industry, construction demand has remained resilient amid solid capital investment, and order profitability has been on an improving trend. However, equipment and material prices remain high, and the shortage of engineers and skilled workers has become more severe, leaving the outlook still far from optimistic.」
The company describes improvements in construction demand and order profitability, while continuing to identify equipment and material prices and staff shortages as risks. - FY2025-Q1RestatedAnnual report
「In the construction industry, public investment has remained firm as related budgets have been executed, while private-sector capital investment is showing signs of recovery amid improving external conditions.」
The company continues to describe resilient public investment and a recovery in private capital investment. - FY2024-Q3RestatedAnnual report
「In the construction industry, public investment has remained firm as related budgets have been executed, while private-sector capital investment is showing signs of recovery amid improving external conditions.」
The company continues to describe resilient public investment and a recovery in private capital investment driven by improving external conditions. - FY2024-Q2RestatedAnnual report
「In the construction industry, public investment has remained firm as related budgets have been executed, while private-sector capital investment is showing signs of recovery.」
The company continues to describe resilient public investment and a recovery in private capital investment. - FY2024-Q1RestatedAnnual report
「In the construction industry, public investment has remained resilient as related budgets have been executed, and private capital investment has gradually shown signs of recovery.」
The company continues to describe resilient public investment and a recovery trend in private capital investment. - FY2023-Q3RestatedAnnual report
「In the construction industry, public investment is expected to remain firm as related budgets are executed, while private-sector capital investment is gradually showing signs of recovery.」
The company continues to describe resilient public investment and a gradual recovery trend in private capital investment. - FY2023-Q2Public investment remains solid; private capital investment shows a recovery trendAnnual report
「In the construction industry, public investment is expected to remain resilient as related budgets are executed, and private capital investment is gradually showing signs of recovery. However, the impact of COVID-19 and soaring construction material prices, the impact on production capacity from the aging of skilled workers, and delays in production system reforms have persisted, leaving the outlook for the business environment surrounding the Group still far from optimistic.」
The company states that private capital investment is gradually recovering from its previously cautious trend, while expecting public investment to remain resilient. However, it continues to express concern over the pandemic, soaring construction material prices, production capacity and delays in production system reforms. - FY2023-Q1WorsenedAnnual report
「In the construction industry, public investment is expected to remain firm as related budgets are executed, while private-sector capital investment remains cautious due to the impact of COVID-19 and higher construction-material prices, among other factors.」
While expecting public investment to remain resilient, the company states that private capital investment will continue to be cautious due to the impact of COVID-19 and soaring construction material prices, among other factors. - FY2022-Q3WorsenedAnnual report
「In the construction industry, public investment is expected to remain firm as related budgets are implemented, while private-sector capital investment continues to show a cautious trend due to the impact of the novel coronavirus.」
While expecting public investment to remain resilient, the company states that private capital investment will continue to be cautious, rather than showing the modest recovery seen in the previous quarter. - FY2022-Q2Public investment remains solid; private capital investment shows signs of recoveryAnnual report
「In the construction industry, while cautious activity continues due to the impact of the novel coronavirus, public investment remains firm as related budgets are implemented, and private-sector capital investment is also showing signs of a modest recovery.」
The resilience of public investment has been maintained, while the assessment of private capital investment has been expanded from its previously cautious trend to include "some signs of recovery." - FY2022-Q1RestatedAnnual report
「In the construction industry, public investment remained firm as related budgets were implemented, while private-sector capital investment continued to show a cautious trend due to the impact of the novel coronavirus.」
The company continues to view public investment as remaining solid, while private capital investment remains cautious due to the impact of COVID-19. - FY2021MitigatedAnnual report
「To address this risk, we are working to secure stable orders by moving away from the contract construction business and strategically allocating management resources to the renewal and renovation fields in order to build new construction markets.」
As countermeasures against the risk of declines in private capital investment and public investment, the company specifies moving away from the contract construction business and allocating management resources to the renewal and renovation fields. - FY2021-Q3WorsenedAnnual report
「In the construction industry, public investment is expected to remain firm as related budgets are implemented, while private-sector capital investment continues to show a cautious trend due to the impact of the novel coronavirus.」
While expecting public investment to remain resilient, the company states that private capital investment will continue to be cautious due to the impact of COVID-19, continuing to identify market environment risk on the private-sector side. - FY2021-Q2WorsenedAnnual report
「In the construction industry, public construction investment remained firm, while private-sector capital investment showed signs of caution due to the impact of the novel coronavirus, raising concerns about its impact on future construction orders.」
The company states that, while public construction investment remains resilient, private capital investment has become more cautious due to COVID-19, raising concerns about its impact on future construction orders. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy deteriorated rapidly due to a decline in consumption associated with requests to refrain from going out to prevent the spread of the novel coronavirus and companies taking a cautious stance toward capital investment, and the uncertain outlook continues.」
The company cites the decline in consumption caused by COVID-19 and companies' cautious stance toward capital investment, stating that the economy has deteriorated rapidly and that uncertainty about the outlook is expected to continue. - FY2020RestatedAnnual report
「The Group's performance may be affected by decreases in capital investment by private-sector companies and cuts in public investment by the national and local governments.」
The company continues to describe market environment risk from declines in private capital investment and public investment. - FY2020-Q3RestatedAnnual report
「In the construction industry, private-sector capital investment is expected to increase moderately against a backdrop of high corporate earnings, while public investment is expected to remain firm as related budgets are implemented. However, the decline in production capacity due to shortages of skilled workers and the problem of rising labor costs, among other issues, have persisted, and the outlook for the business environment surrounding the Group remains difficult to view optimistically.」
While expecting moderate growth in private capital investment and resilient public investment, the company continues to recognize concerns over shortages of skilled workers and rising labor costs in the order environment for the construction industry. - FY2020-Q2RestatedAnnual report
「In the construction industry, corporate capital investment was expected to increase moderately, while public investment was expected to remain firm, and the order environment remained relatively firm.」
The company continues to view the order environment as relatively solid, against a backdrop of moderate growth in corporate capital investment and resilient public investment. - FY2020-Q1RestatedAnnual report
「In the construction industry, the order environment remained relatively firm, supported by strong construction investment related to demand associated with the 2020 Tokyo Olympic and Paralympic Games, the government's disaster prevention and mitigation measures, and budget allocations to address aging infrastructure.」
The company views the order environment as relatively solid, against a backdrop of strong construction investment driven by demand related to the Tokyo Olympics and Paralympics, disaster prevention and mitigation measures, and infrastructure aging measures. - FY2019RestatedAnnual report
「In the construction industry, government construction investment remained at a high level, while private capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively solid.」
The company describes market conditions as government construction investment remaining at a high level and private capital investment being on a moderate upward trend. The risk section continues to cite the potential impact on performance from declining investment. - FY2019-Q3Government construction investment shifts from growth to remaining at a high levelAnnual report
「In the construction industry, government construction investment remained at a high level, while private-sector capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively firm.」
The wording on government construction investment has changed from "turned to an increase" to "remained at a high level." Private capital investment continues to increase moderately, and the order environment remains relatively solid. - FY2019-Q2RestatedAnnual report
「In the construction industry, government construction investment turned to growth, while private-sector capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively firm.」
The company continues to view the order environment as relatively solid, reflecting the shift to growth in government construction investment and the moderate increase in private capital investment. - FY2019-Q1RestatedAnnual report
「In the construction industry, government construction investment turned to growth, while private-sector capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively firm.」
The company continues to view the order environment as relatively solid, reflecting the shift to growth in government construction investment and the moderate increase in private capital investment. - FY2018RestatedAnnual report
「The construction business operated by the Group is a contract construction business. The Group's performance may be affected by declines in capital investment by private companies and cuts in public investment by the national and local governments.」
The company continues to describe market environment risk from declines in private capital investment and public investment. - FY2018-Q3RestatedAnnual report
「In the construction industry, government construction investment turned to growth, while private-sector capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively firm.」
The company continues to view the order environment as relatively solid, reflecting the shift to growth in government construction investment and the moderate increase in private capital investment. - FY2018-Q2RestatedAnnual report
「In the construction industry, government construction investment turned to growth, while private-sector capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively firm.」
The company continues to view the order environment as relatively solid, reflecting the shift to growth in government construction investment and the moderate increase in private capital investment. - FY2018-Q1RestatedAnnual report
「In the construction industry, government construction investment turned to growth, while private-sector capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively firm.」
The company continues to assess market conditions as government construction investment having turned to an increase and private capital investment being on a moderate upward trend. The risk section states that there have been no significant changes. - FY2017Shift to an increase in government construction investmentAnnual report
「In the construction industry, government construction investment turned to an increase, while private capital investment continued to rise moderately as corporate earnings improved, and the order environment remained relatively solid.」
The assessment has changed from the quarterly description of declining government construction investment to the view that it turned to an increase in the current fiscal year. Meanwhile, the risk section continues to cite the possibility of declines in capital investment and public investment. - FY2017-Q3RestatedAnnual report
「In the construction industry, government construction investment declined, while private capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively solid.」
The company continues to view the order environment as relatively solid, citing declining government construction investment alongside a moderate increase in private capital investment. - FY2017-Q2RestatedAnnual report
「In the construction industry, government construction investment declined, while private capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively solid.」
The company continues to indicate divergent market conditions by presenting both declining government construction investment and rising private capital investment. - FY2017-Q1Decline in public investment and increase in private capital investmentAnnual report
「In the construction industry, government construction investment declined, while private capital investment continued to increase moderately as corporate earnings improved, and the order environment remained relatively solid.」
The company presents both declining government construction investment and rising private capital investment, indicating divergent market conditions. - FY2016First statedAnnual report
「The Group's performance may be affected by a decline in private-sector capital investment and cuts in public investment by the national and local governments.」
The company describes the risk of exposure to fluctuations in construction demand as a contract construction business.