Increase in Construction Costs Due to Concentration of Schedules for Large Steel-Frame Construction Projects
First written in FY2019-Q1. 5 of 17 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
S E moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2021: 12 of 29 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the steel-frame construction field, delays in construction progress and other factors resulted in projects being carried over into the next fiscal year.」
Delays in construction progress and project carryovers occurred in the steel-frame construction field, while additional costs caused by rework on some projects contributed to the decline in profit. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period, demand in interior-related products in the architectural hardware field remained contracted and did not recover. In temporary construction materials, construction delays occurred due to work-style reforms, labor shortages, and shorter working hours resulting from extreme heat. In the structural steel construction field, construction delays also occurred amid declining demand.」
In addition to the risk of schedule concentration for large steel-frame projects in previous fiscal years, the company stated that demand declined and construction delays occurred in the steel-frame construction field. - FY2025RestatedAnnual report
「In the steel-frame construction field, the decline in orders received at the beginning of the period reduced the number of projects completed, and some additional work was not approved.」
In the steel-frame construction field, a decline in orders and the disallowance of some additional work actually occurred and were reported as pressures on profitability. - FY2025-H1Decline in steel-frame construction orders, price competition and disallowance of additional workAnnual report
「In the steel-frame construction field, price competition has intensified for orders involving some locally based projects. During the current interim consolidated accounting period, redevelopment projects in the Tokyo metropolitan area progressed favorably in the architectural hardware field, and the pass-through of higher raw material prices and other costs into selling prices also proceeded smoothly. In the steel-frame construction field, however, the decline in orders received at the beginning of the period reduced the number of projects completed, and some additional work was not approved.」
In addition to the existing cost risks associated with large steel-frame projects, the company reported price competition for local projects, a decline in orders received at the beginning of the period and the disallowance of some additional work, indicating new pressure on profitability in the steel-frame construction field. - FY2023-Q2RestatedAnnual report
「In the steel-frame construction field, work on the many carried-over projects progressed smoothly. On the profit front, gross margin declined due to the impact of soaring raw material prices and other factors.」
Progress on carried-over projects in the steel-frame construction field was steady, and no further deterioration was reported regarding additional costs caused by the concentration of schedules for large steel-frame projects, which had been an issue in previous fiscal years. - FY2022RestatedAnnual report
「Despite the large number of carried-over projects in the steel-frame construction field, sales were at a level comparable to the previous fiscal year. On the profit front, the company worked to improve margins on product sales and steel-frame construction work.」
No further deterioration was reported regarding additional costs caused by the concentration of schedules for large steel-frame projects, while sales from carried-over projects and margin improvements were reported. - FY2022-Q1RestatedAnnual report
「In the steel-frame construction field, sales were relatively strong due to the large number of carried-over projects. On the profit front, the company worked to improve margins on product sales. As a result, sales in this business were ¥2.021 billion, up 4.0% year on year, while operating profit was ¥194 million, up 104.8%.」
Sales from carried-over projects were relatively strong in the steel-frame construction field, and no further deterioration was reported regarding the concentration of schedules for large steel-frame projects, which had been an issue in the previous fiscal year. - FY2021RestatedAnnual report
「In the architectural steel-frame field, sales of steel products for architecture and construction, such as joints and brackets, and progress on large steel-frame projects were both solid, resulting in higher sales and profit.」
Regarding the concentration of schedules and additional costs for large steel-frame projects in the previous fiscal year, the company continues to explain that large projects progressed smoothly during the current fiscal year. - FY2020MitigatedAnnual report
「In the architectural steel-frame field, sales of steel products for architecture and construction, such as joints and brackets, and progress on large steel-frame projects were both solid, resulting in higher sales and profit.」
In contrast to the concentration of schedules and additional costs for large steel-frame projects in the previous fiscal year, progress on large projects was steady during the current fiscal year, resulting in higher sales and profit. - FY2020-Q2MitigatedAnnual report
「In the architectural steel-frame field, sales of various steel products supported by strong orders for architecture and construction were solid, and progress on large steel-frame projects continued to be steady, resulting in higher sales and profit overall. As a result, sales in this business were ¥4.676 billion, up 2.4% year on year, while operating profit was ¥221 million, up 325.3%.」
Progress on large steel-frame projects remained steady, resulting in higher sales and profit in the construction materials business, with operating profit up 325.3% year on year. - FY2020-Q1MitigatedAnnual report
「In the architectural steel-frame field, sales of steel products for architecture and construction, such as joints and brackets, and progress on large steel-frame projects were both solid, resulting in higher sales and profit.」
In contrast to the additional costs caused by the concentration of schedules for large steel-frame projects in the previous fiscal year, the company stated that progress on large steel-frame projects was solid during the current quarter, resulting in higher sales and profit. - FY2019MaterialisedAnnual report
「In the architectural steel-frame field, the company focused on sales of steel products for construction, but the concentration of manufacturing schedules for some large steel-frame projects resulted in additional costs for design, subcontracting and other items. As a result, sales in this business were ¥9.896 billion, up 13.4% year on year, while operating profit was ¥291 million, down 31.6%.」
Additional costs for design, subcontracting and other items arose due to the concentration of schedules for large steel-frame projects, causing operating profit in the construction materials business to decline by 31.6%. - FY2019-Q3MaterialisedAnnual report
「In the architectural steel-frame field, the company focused on sales of steel products for construction, but the concentration of schedules for some large steel-frame projects resulted in additional costs for design, subcontracting and other items. As a result, sales in this business were ¥7.196 billion, up 11.5% year on year, while operating profit was ¥165 million, down 49.4%.」
Additional costs for design, subcontracting and other items continued to arise due to the concentration of schedules for large steel-frame projects, causing operating profit in the construction materials business to fall 49.4% year on year. - FY2019-Q2MaterialisedAnnual report
「In the steel-frame construction field, the company focused on sales of steel-frame construction work and steel products for construction, but the concentration of schedules for some large steel-frame projects due to increased orders resulted in additional costs for design, subcontracting and other items.」
Stated that additional costs for design, subcontracting and other items continued to arise due to the concentration of orders for large steel-frame projects. - FY2019-Q1First statedAnnual report
「In the steel-frame construction field, the company focused on sales of steel-frame construction work and steel products for construction, but the concentration of schedules for some large steel-frame projects resulted in subcontracting and other costs, increasing construction costs.」
Recorded as a new risk the occurrence of subcontracting and other costs and the resulting increase in construction costs due to the concentration of schedules for large steel-frame projects.