Impact of Construction Labor Shortages on Housing Starts and the Business Environment
First written in FY2021-Q1. 9 of 11 entries say "Restated". Latest entry: FY2026.
STrust moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2024: 5 of 19 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, conditions remain uncertain, owing to persistently high real estate prices, a chronic shortage of construction workers and developments in the financial markets.」
The shortage of construction workers is described as chronic, emphasizing that the shortage of construction personnel remains an ongoing concern in the business environment. - FY2025RestatedAnnual report
「Conversely, regarding the rise in construction costs accompanying higher prices caused by yen depreciation, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The shortage of construction workers continues to be identified as a concern in the business environment, alongside rising construction costs and housing loan interest rates. - FY2025-H1RestatedAnnual report
「Conversely, regarding the rise in construction costs accompanying higher prices, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The shortage of construction workers continues to be identified as a concern in the business environment, alongside rising construction costs and trends in housing loan interest rates. - FY2025-Q1RestatedAnnual report
「Conversely, regarding the rise in construction costs accompanying higher prices, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The shortage of construction workers continues to be identified as a concern in the business environment, alongside rising construction costs and trends in housing loan interest rates. - FY2024-Q1RestatedAnnual report
「However, regarding the rise in construction costs, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The shortage of construction workers continues to be identified as a concern in the business environment, alongside rising construction costs and trends in housing loan interest rates. - FY2022-Q3RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
The shortage of construction workers continues to be explicitly identified as a factor weighing on housing starts. - FY2022-Q2RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
The shortage of construction workers continues to be explicitly identified as a factor weighing on housing starts. - FY2022-Q1RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
The shortage of construction workers continues to be explicitly identified as a factor weighing on housing starts. - FY2021-Q3RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
The shortage of construction workers continues to be explicitly identified as a factor weighing on housing starts. - FY2021-Q2RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
The shortage of construction workers continues to be explicitly identified as a factor weighing on housing starts. - FY2021-Q1First statedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
A shortage of construction workers is explicitly identified, for the first time, alongside higher construction costs and sluggish housing demand as a factor behind weak housing starts.