Construction Delays and Rising Building Costs Caused by Subcontractor Bankruptcies and Accidents
First written in FY2016. 4 of 12 entries say "Mitigated", first in FY2019. Latest entry: FY2026.
Urbanet Corporation moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「If an outsourced contractor becomes insolvent or an accident occurs during construction, construction could be delayed or suspended. In addition, supply-chain disruptions resulting from heightened tensions in the Middle East, higher construction-material prices caused by the weaker yen, and rising labor and other costs could extend construction periods and increase construction costs, affecting the Group’s results.」
In addition to existing factors such as supply-chain disruptions, yen depreciation and higher material prices, the Group specified heightened tensions in the Middle East as a factor behind longer construction periods and higher construction costs. - 2026-08-06MitigatedRevision of earnings forecasts
「Despite widespread uncertainty over the supply of construction materials, we completed all projects scheduled for the current consolidated fiscal year by holding discussions with contractors and thoroughly managing construction schedules.」
The company completed the scheduled projects through discussions with contractors and construction-schedule management despite uncertainty over construction-material supplies. - FY2025WorsenedAnnual report
「If an outsourcing partner becomes insolvent or an accident occurs during construction, construction could be delayed or suspended. In addition, supply-chain disruptions resulting from overseas conflicts, the depreciation of the yen, surging construction-material prices caused by additional tariffs, and rising labor costs could increase construction costs and affect the Group's performance.」
In addition to the previously disclosed supply-chain disruptions, depreciation of the yen, and increases in material and labor costs, the Group explicitly identifies overseas conflicts and additional tariffs as factors affecting construction costs and schedules. - FY2024MitigatedAnnual report
「As measures to address this risk, the Group continues to conduct financial due diligence and collect various information on outsourcing partners, while placing orders for construction work early, using alternative building materials and diversifying procurement sources.」
In response to risks such as outsourcing partner bankruptcies, accidents and rising material prices, the Group conducts financial investigations, places orders early, uses alternative products and diversifies its sources of procurement. - FY2024-Q1MitigatedAnnual report
「This resulted from the Group's efforts to achieve sustainable growth by actively acquiring well-located land, while working with general contractors to address difficult-to-manage events arising during construction and successfully completing each project, including large-scale projects.」
The Group explains that it worked with general contractors to address difficult-to-manage events arising during construction and completed each project, including large-scale projects. - FY2023RestatedAnnual report
「If an outsourcing partner becomes insolvent or an accident occurs during construction, construction could be delayed or suspended. In addition, supply-chain disruptions resulting from Russia's invasion of Ukraine in February 2022 and other overseas conflicts, surging construction-material prices caused by the depreciation of the yen, and rising labor costs could increase construction costs and affect the Group's performance.」
In addition to outsourcing-partner risks, the Group continues to disclose the risk of higher construction costs caused by supply-chain disruptions, the depreciation of the yen, and increases in construction-material and labor costs. - FY2022WorsenedAnnual report
「In addition, disruptions to supply chains caused by lockdowns and other measures associated with the spread of infectious diseases, as well as construction delays and higher construction costs resulting from surging construction-material prices driven by Russia's invasion of Ukraine in February 2022 and the depreciation of the yen, could affect the Group's performance.」
In addition to the previously disclosed risks of outsourcing partner bankruptcies and accidents, the Group has added lockdowns, supply-chain disruptions, Russia's invasion of Ukraine and surging construction-material prices caused by the depreciation of the yen as risks to construction schedules and costs. - FY2021WorsenedAnnual report
「Depending on the supply situation for construction-related materials, including semiconductors, delays in construction and other factors could affect the Group's performance.」
In addition to the previously disclosed risks of outsourcing partner bankruptcies and accidents, the Group has added the supply situation for construction-related materials, including semiconductors, as a risk of construction delays. - FY2019MitigatedAnnual report
「As measures to address these risks, the Group continuously conducts financial investigations of outsourcing partners. When selecting contractors for new construction projects, it also investigates any connections with antisocial organizations and conducts financial investigations before making its decision.」
As countermeasures against risks such as outsourcing partner bankruptcies and accidents, the Group explicitly cites ongoing financial investigations and investigations into connections with antisocial organizations. - FY2018RestatedAnnual report
「The Group carefully manages its outsourcing partners, from selecting design and construction companies through monitoring progress. However, if an outsourcing partner becomes insolvent or an accident occurs during construction, delays or suspension of construction and higher construction costs could affect the Group's performance.」
While managing its outsourcing partners, the Group has reiterated the risks of construction delays and higher construction costs caused by subcontractor bankruptcies and accidents. - FY2017RestatedAnnual report
「The Group carefully manages its outsourcing partners, from selecting design and construction companies through monitoring progress. However, if an outsourcing partner becomes insolvent or an accident occurs during construction, delays or suspension of construction and higher construction costs could affect the Group's performance.」
The Group discloses subcontractor bankruptcy, accidents, construction delays and higher construction costs under the same risk framework. - FY2016First statedAnnual report
「The Group carefully manages its outsourcing partners, from selecting design and construction companies through monitoring progress. However, if an outsourcing partner becomes insolvent or an accident occurs during construction, delays or suspension of construction and higher construction costs could affect the Group's performance.」
While managing its outsourcing partners, the Group identifies bankruptcies, accidents and construction delays as risks.