Risk of deteriorating earnings due to persistently high timber, material and labor costs
First written in FY2024. 3 of 5 entries say "Restated". Latest entry: FY2026.
Logos Holdings moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2018: 7 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition, amid heightened tensions in the Middle East, fluctuations in naphtha (crude gasoline) prices and concerns over supply have emerged. As a result, the risks of rising raw-material prices and procurement delays have become apparent across building materials, including plastics and resin products, insulation materials, paints and piping materials.」
In addition to persistently high timber, materials and labor costs, the Group newly identifies as an emerging risk the rising prices and procurement delays affecting building materials generally due to fluctuations in naphtha prices and supply concerns associated with the situation in the Middle East. - 2026-07-15RestatedEarnings
「また、円安に伴う木材・資材価格の変動や原油・ナフサ由来の部材・資材価格の変動にも対応した価格戦略の見直しに加え、課題と認識しております引渡の過剰な季節変動の是正を図るべく、施工期間想定の見直しを実施し、中長期的な収益性の改善を図ってまいります。」
木材・資材価格及び原油・ナフサ由来部材価格の変動を引き続き経営上の課題として扱い、価格戦略の見直しを示している。 - FY2025RestatedAnnual report
「Construction costs have remained persistently high since the 2021 wood shock, with high prices continuing not only for timber, a major building material, but also for metals, other materials, material transportation and labor.」
The Group continues to identify persistently high timber, materials and labor costs, and the resulting deterioration in profitability, as major ongoing risks. - FY2025-H1RestatedAnnual report
「The housing industry remains in a situation of concern over declining demand for home purchases, as housing prices rise against a backdrop of higher materials prices and labor costs, while mortgage interest rates are also trending upward.」
The Group reports that materials prices and labor costs remain high and mortgage interest rates continue to trend upward. It states that there have been no material changes to the risks associated with the business or other matters. - FY2024First statedAnnual report
「In light of the loss in the fiscal year ended May 2023 caused by higher materials and subcontracting costs resulting from the wood shock, the weaker yen and soaring crude oil prices, among other factors, we now update the status of properties for which applications have been secured each month, visualize profit margins, their fluctuations and trends, and work every day to improve the accuracy of this information.」
The Group identifies persistently high construction costs as a major risk and cites the loss in the fiscal year ended May 2023 as an actual impact. It is addressing the risk through monthly profitability management by property, early identification of raw-material price increases, revisions to sales prices and reductions in selling expenses.