Risk of a Decline in Construction Demand Due to Fluctuations in Private Capital Investment
First written in FY2020. 7 of 12 entries say "Mitigated", first in FY2022. Latest entry: FY2026.
Takasago Thermal Engineering 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 2020: 21 of 35 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Although capital investment continued to show strength in both the manufacturing and non-manufacturing sectors, some companies were also seen taking a cautious approach to determining the timing of their investments.」
Capital investment and construction demand remained strong. Full-year revenue was 11.1% year on year, while orders received increased 10.6%. Although the risk of declining demand remains, the business environment and actual results for the current fiscal year indicate improvement. - FY2025MitigatedAnnual report
「In the construction industry and the air-conditioning industry related to our company, capital investment progressed in both the manufacturing and non-manufacturing sectors against a backdrop of strong corporate earnings, and construction demand remained resilient.」
Capital investment progressed in the manufacturing and non-manufacturing sectors, and construction demand remained resilient. Full-year revenue was 5.0% year on year, while orders received increased 3.2%. - FY2024-Q3MitigatedAnnual report
「Capital investment progressed in both the manufacturing and non-manufacturing sectors, and construction demand remained resilient. However, continued close monitoring is required in relation to responding to work-style reform and uncertainty over the outlook for the global economy,」
Capital investment progressed in the manufacturing and non-manufacturing sectors, and construction demand remained resilient. At the same time, issues related to responding to work-style reform and uncertainty over the global economy remain. - FY2024-Q1MitigatedAnnual report
「In the construction industry and the air-conditioning industry related to our company, construction demand remained strong in capital investment, particularly among manufacturers, alongside redevelopment projects in metropolitan areas. However, the business environment continued to require a cautious approach to operations due to concerns about responding to work-style reform and uncertainty over the outlook for the global economy.」
The company states that construction demand has remained strong, indicating an improving business environment in relation to the risk of declining demand. At the same time, issues related to work-style reform and uncertainty over the global economy remain. - FY2023MitigatedAnnual report
「Construction demand remains resilient in redevelopment projects in metropolitan areas and in capital investment, particularly among manufacturers.」
Capital investment and construction demand remained resilient. Full-year revenue was 11.9% year on year, while orders received increased 9.6%. - FY2023-Q3MitigatedAnnual report
「In the construction industry and the air-conditioning equipment industry related to our company, capital investment, particularly among manufacturers, continued to show signs of recovery, but the business environment continued to require a cautious approach to operations due to concerns about uncertainty over the economic outlook.」
The company states that the recovery in capital investment, particularly among manufacturers, has continued, indicating an improving business environment in relation to the risk of declining construction demand. - FY2022MitigatedAnnual report
「In the construction industry and the air-conditioning industry related to our company, signs of recovery were seen in redevelopment projects in metropolitan areas and in capital investment, particularly among manufacturers,」
The company describes signs of recovery in capital investment and construction demand. Full-year revenue increased 10.0% from the previous fiscal year, and orders received increased 18.3%. Actual results for the current fiscal year have improved in relation to the risk of declining demand. - FY2021MaterialisedAnnual report
「The business environment continued to require a cautious approach to operations and productivity improvements, as concerns arose about companies reviewing their capital investment plans due to declining corporate earnings associated with the prolonged spread of the infection and uncertainty over the outlook for the global economy, while the transition to new ways of working based on preventing the spread of infection also became necessary.」
Concerns about companies reviewing their capital investment plans continued. Revenue from the facilities construction business declined 14.3% from the previous fiscal year, while consolidated revenue declined 14.2%. - FY2021-Q3MaterialisedAnnual report
「In the construction industry and the air-conditioning industry related to our company, large-scale redevelopment projects, mainly in metropolitan areas, continued, while concerns about companies reviewing their capital investment plans arose due to declining corporate earnings associated with the prolonged spread of the infection and uncertainty over the outlook for the global economy. As the transition to new ways of working based on preventing the spread of infection also became necessary, the business environment continued to require a cautious approach to operations and further productivity improvements.」
Concerns about companies reviewing their capital investment plans continued, and domestic and overseas facilities construction businesses experienced declines in revenue. Revenue for the first 3 quarters declined 15.9% year on year. - FY2021-Q2MaterialisedAnnual report
「Declining corporate earnings due to the prolonged spread of the infection and uncertainty over the outlook for the global economy have raised concerns about companies reviewing their capital investment plans,」
Concerns about companies reviewing their capital investment plans continued, and domestic and overseas facilities construction businesses experienced declines in revenue. Consolidated revenue was ¥117,655 million, down 19.1% from the same quarter of the previous year. - FY2021-Q1MaterialisedAnnual report
「Declining corporate earnings due to the prolonged spread of the infection and uncertainty over the outlook for the global economy have raised concerns about a review of capital investment plans, particularly among manufacturers,」
The company expresses concern about reviews of capital investment plans, particularly among manufacturers, and domestic and overseas facilities construction businesses experienced declines in revenue during the first quarter. - FY2020First statedAnnual report
「The business environment may undergo significant changes, including a decline in construction demand and demand for air-conditioning equipment exceeding expectations due to the cancellation, postponement, or modification of customers' investment plans.」
For the first time, the company has separately identified declining construction demand and air-conditioning demand due to the cancellation, postponement, or modification of customers' capital investment plans as a risk. It also describes measures such as reducing fixed costs.