Securing Construction Partner Companies, Bankruptcies and Construction Delays
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2026.
Toubujyuhan moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.
81 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if the company is unable to secure construction contractors in a timely manner as it expands its operating areas and increases the number of properties handled, or if, due to factors such as a prolonged stagnation in economic activity caused by the resurgence of various infectious diseases, natural disasters or security crises, a construction contractor becomes insolvent, construction delays may arise from coordination with replacement contractors, potentially affecting the company's financial condition, operating results and cash flows.」
The company continues to address the risk of construction delays caused by difficulty securing contractors or contractor insolvency, as well as the risk of economic stagnation caused by infectious diseases, natural disasters and security crises. - FY2023WorsenedAnnual report
「However, if the company is unable to secure construction contractors in a timely manner as it expands its operating areas and increases the number of properties handled, or if, due to factors such as a prolonged stagnation in economic activity caused by the resurgence of a novel infectious disease, natural disasters or security crises, a construction contractor becomes insolvent, construction delays may arise from coordination with replacement contractors, potentially affecting the company's financial condition, operating results and cash flows.」
In addition to the existing risks of difficulty securing contractors and contractor insolvency, the company explicitly identified the resurgence of infectious diseases, natural disasters and security crises as potential causes. - FY2020WorsenedAnnual report
「If, due to factors such as a prolonged stagnation in economic activity caused by the COVID-19 pandemic, a construction contractor becomes insolvent, construction delays may arise from coordination with replacement contractors, potentially affecting the company's financial condition, operating results and cash flows.」
The prolonged stagnation of economic activity caused by the COVID-19 pandemic was added as a factor to the existing risks of difficulty securing contractors and contractor insolvency. - FY2018RestatedAnnual report
「However, if the company is unable to secure construction contractors in a timely manner as it expands its operating areas and increases the number of properties handled, or if a construction contractor becomes insolvent, construction delays may arise from coordination with replacement contractors, potentially affecting the company's operating results and financial condition.」
The company continues to address the risk of delays caused by difficulty securing contractors or contractor insolvency through quality and process control and standardized specifications. - FY2017RestatedAnnual report
「However, if the company is unable to secure construction contractors in a timely manner as it expands its operating areas and increases the number of properties handled, or if a construction contractor becomes insolvent, construction delays may arise from coordination with replacement contractors, potentially affecting the company's operating results and financial condition.」
The company continues to address the risk of construction delays caused by difficulty securing contractors or contractor insolvency through quality and process control and standardized specifications. - FY2016First statedAnnual report
「However, if the company is unable to secure construction contractors in a timely manner as it expands its operating areas and increases the number of properties handled, or if a construction contractor becomes insolvent, construction delays may arise from coordination with replacement contractors, potentially affecting the company's operating results and financial condition.」
The company describes contractor selection based on a certain technical standard, quality and process control, and substitutability through standardization of equipment specifications.