Risk of deteriorating profitability due to soaring material prices
First written in FY2017. 13 of 19 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 31 of 48 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It is stated that there have been no material changes to the risk of deteriorating profitability due to soaring material prices and labor costs. - FY2025-H1RestatedAnnual report
「Unstable conditions continued due to prolonged geopolitical risks in Eastern Europe and the Middle East and persistently high resource and energy prices, among other factors.」
Persistently high resource and energy prices continue to be described as an external factor related to increases in material and other prices. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the global economy remained uncertain despite progress in balancing measures to prevent the spread of COVID-19 with economic activity, due to soaring resource prices associated with the protracted Ukraine crisis, policy rate hikes accompanying accelerating inflation in Europe and the United States, and rising tensions between the United States and China.」
Uncertain external conditions caused by the protracted Ukraine crisis, soaring resource prices, inflation and rate hikes in Europe and the United States, and tensions between the United States and China have continued. - FY2023-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, the global economy remained uncertain despite progress in balancing measures to prevent the spread of COVID-19 with economic activity, due to soaring resource prices associated with the protracted Ukraine crisis, policy rate hikes accompanying accelerating inflation in Europe and the United States, and rising tensions between the United States and China.」
The protracted Ukraine crisis, soaring resource prices, inflation and rate hikes in Europe and the United States, and tensions in US-China relations were specifically described as external factors related to material-price and labor-cost risks. - FY2023-Q1WorsenedAnnual report
「During the first nine months of the current fiscal year, the global economy remained uncertain despite progress in balancing measures to prevent the spread of COVID-19 with economic activity, due to soaring resource prices and logistics costs against the backdrop of heightened tensions in Ukraine and strengthened economic sanctions against Russia, as well as supply-chain disruptions.」
Soaring resource prices and logistics costs and continuing supply-chain disruptions were identified as external factors related to material-price and labor-cost risks. - FY2022WorsenedAnnual report
「If procurement prices for construction materials rise due to semiconductor shortages, soaring fuel prices and other factors, and labor costs rise due to the declining birthrate, aging population and labor shortages, making it difficult to reflect these increases in contract prices, the Group's business results and other aspects of its performance may be affected.」
Semiconductor shortages and soaring fuel prices have been added as specific causes of the existing material-price and labor-cost risks. - FY2022-Q3RestatedAnnual report
「The economy was affected by rising resource prices and shortages of components, including semiconductors, and unstable conditions continued.」
Although it describes an external environment in which resource prices continued to rise, it does not indicate any direct additional impact on the Company's profitability arising from the uncertainty caused by soaring raw-material prices described in the previous quarter. - FY2022-Q2WorsenedAnnual report
「Uncertainty about the outlook increased due to the resurgence of COVID-19, soaring raw-material prices and shortages of semiconductor supplies, among other factors.」
Soaring raw-material prices were explicitly identified as a factor worsening the external environment. This represents an environmental change related to the risk that construction-material and other price increases cannot be passed through, but no direct impact on the Company's profitability was disclosed. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk of deteriorating profitability due to soaring material prices and labor costs. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes to the risk of deteriorating profitability due to soaring material prices and labor costs. - FY2020ReframedAnnual report
「If procurement prices for construction materials and labor costs rise and it becomes difficult to reflect these increases in contract prices, the Group's business results and other aspects of its performance may be affected.」
In addition to conventional construction-material price risk, fluctuations in labor costs are included as a risk, with measures such as identifying appropriate costs by region and contractual hedging presented as responses. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk of deteriorating profitability due to soaring material prices. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk of deteriorating profitability due to soaring material prices. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes to the risk of deteriorating profitability due to soaring material prices. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk of deteriorating profitability due to soaring material prices. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk of deteriorating profitability due to soaring material prices. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk of deteriorating profitability due to soaring material prices. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk of deteriorating profitability due to soaring material prices described in the previous fiscal year. - FY2017First statedAnnual report
「If procurement prices for construction materials and other items rise sharply and it is difficult to pass these increases on to the contract price, business performance may be affected.」
The company identifies the potential impact on business performance if it is unable to pass surging construction-material prices and other costs on to the contract price as a risk.