Construction investment, housing renovation, and infrastructure renewal demand
First written in FY2018. 9 of 29 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2025: 4 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Construction investment in Japan recovered from a trough of ¥41.9 trillion in fiscal 2010 and is expected to reach ¥75.6 trillion in fiscal 2025, up 3.2% year on year.」
The annual outlook for construction investment was updated to ¥75.6 trillion in fiscal 2025, up 3.2% year on year. Housing reconstruction and remodeling, earthquake-resistance work, and infrastructure renewal demand are also cited as continuing business opportunities. - FY2026-H1WorsenedAnnual report
「Construction investment increased, and construction demand remained firm. However, according to the Ministry’s “Building Starts Statistics,” shortages and aging of skilled workers, together with soaring construction material prices, restrained new construction starts. The number of buildings started fell sharply to 299,191, down 18.6% year on year, and floor area started fell to 35,347 thousand square meters, down 14.3% year on year, while demand weakened.」
Although construction investment increased, the number of buildings started and floor area started declined sharply due to shortages and aging of skilled workers and soaring material prices, widening the divergence between investment levels and the scale of construction starts. - FY2025Investment up, but construction-start scale continues to contractAnnual report
「Total construction investment from April 2024 to February 2025 was ¥54.2 trillion, up 2.4% year on year and at a stable level. However, according to the “Building Starts Statistics,” the number of residential and non-residential buildings started during the period was 778,950, down 1.4% year on year, while floor area started was 87,547 thousand square meters, down 6.2% year on year, indicating that the scale of construction starts was small despite the investment amount.」
Although total construction investment increased, the number of buildings started and floor area started declined, and the divergence between investment levels and the scale of construction starts continued. - FY2025-H1Investment up, but construction-start scale continues to contractAnnual report
「Total construction investment from April to August 2024 remained firm at ¥22.6 trillion, up 0.7% year on year. During the same period, the number of residential and non-residential buildings started was 367,628, down 1.1% year on year, while floor area started was 41,232 thousand square meters, down 6.4% year on year, indicating that the scale of construction starts was small despite the investment amount.」
Although total construction investment remained firm, up 0.7% year on year, the number of buildings started and floor area started declined, and the divergence between investment levels and the scale of construction starts continued. - FY2024Investment up, but construction-start scale contractsAnnual report
「Total construction investment from April 2023 to February 2024 was ¥52.1 trillion, up 1.7% year on year and at a stable level. However, according to the “Building Starts Statistics,” the number of residential and non-residential buildings started during the period was 789,951, down 6.6% year on year, while floor area started was 93,295 thousand square meters, down 10.2% year on year, indicating that the scale of construction starts was small despite the investment amount.」
Although total construction investment increased 1.7% year on year, the number of buildings started and floor area started declined, and the divergence between investment levels and the scale of construction starts continued. - FY2024-Q3WorsenedAnnual report
「Total construction investment from April to November 2023 was ¥37 trillion, up 2.4% year on year and at a stable level. However, according to the “Building Starts Statistics,” the number of residential and non-residential buildings started during the period was 594,496, down 6.6% year on year, while floor area started was 70,249 thousand square meters, down 10.2% year on year, indicating that the scale of construction starts was small despite the investment amount.」
Although construction investment increased, the number of buildings started and floor area started were below the same period of the previous year, further demonstrating the divergence between investment levels and the actual scale of construction starts. - FY2024-Q2WorsenedAnnual report
「Total construction investment from April to August 2023 was ¥21.9 trillion, up 3.5% year on year and at a stable level. However, against a backdrop of continued high construction material prices and labor shortages, the number of residential and non-residential buildings started during the period was 371,876, down 6.2% year on year, while floor area started was 44,040 thousand square meters, down 13.5% year on year, indicating difficult conditions.」
Although total construction investment increased, the declines in the number of buildings started and floor area started widened, and difficult market conditions continued, with a divergence between investment levels and actual construction-start activity. - FY2024-Q1Investment up, but construction starts down and conditions remain difficultAnnual report
「In the construction industry, total construction investment from April to May 2023 reached ¥8.4 trillion, up 5.8% year on year, according to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics.” However, against a backdrop of continued high construction material prices and labor shortages, the “Building Starts Statistics” showed that the number of residential and non-residential buildings started during the period was 146,965, down 4.7% year on year, while floor area started was 17,989 thousand square meters, down 9.6% year on year, indicating difficult conditions in the near term.」
Although total construction investment increased 5.8% year on year, the number of buildings started and floor area started declined, indicating a divergence between investment levels and recent construction-start trends. - FY2023AdvancedAnnual report
「Total construction investment from April 2022 to February 2023 was ¥48.5 trillion, up 2.4% year on year, with demand centered on the private sector. Meanwhile, construction material prices continued to rise throughout the period.」
The period covered and actual construction investment were updated to ¥48.5 trillion, up 2.4% year on year. Continued increases in construction material prices were also noted. - FY2023-Q3Investment remains firm, but construction starts are stagnating and being postponedAnnual report
「Total construction investment from April to November 2022 was ¥34.2 trillion, up 1.6% year on year, indicating firm activity. However, construction starts were postponed or canceled against a backdrop of rising prices, including material and construction costs. According to the “Building Starts Statistics,” total floor area started for residential and non-residential buildings from April to November 2022 was 78,270 thousand square meters, down 0.7% year on year, indicating signs of stagnation.」
Although total construction investment remained firm, up 1.6% year on year, construction starts were postponed or canceled against a backdrop of rising prices, and floor area started declined 0.7% year on year. - FY2023-Q2AdvancedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics,” total construction investment from April to August 2022 reached ¥20 trillion, up 1.2% year on year. Against this backdrop, demand was seen for the company’s main products, wedge-coupler scaffolding and next-generation scaffolding.」
Total construction investment reached ¥20 trillion from April to August 2022, up 1.2% year on year, improving from the 0.3% year-on-year decline in FY2023-Q1. - FY2023-Q1WorsenedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics,” total construction investment from April to May 2022 was ¥7.5 trillion, down 0.3% year on year. Although activity showed signs of stagnation, demand centered on the private sector was seen.」
Construction investment declined 0.3% year on year, changing from the previous fiscal year’s upward trend to stagnation. - FY2022Improved outlook but recent stagnationAnnual report
「Construction investment in fiscal 2021 was expected to reach ¥62.6 trillion, up 2.9% year on year.」
The annual outlook for construction investment improved to a 2.9% year-on-year increase, while actual investment from April 2021 to February 2022 was ¥48.0 trillion, down 1.0% year on year, indicating stagnation. - FY2022-Q3WorsenedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics,” total construction investment from April to December 2021 was ¥38.9 trillion, down 0.1% year on year. Although activity showed signs of stagnation, demand centered on the private sector was seen.」
Construction investment from April to December 2021 reached ¥38.9 trillion, down 0.1% year on year, changing from the previous quarter’s 1.1% year-on-year increase to stagnation and decline. - FY2022-Q2AdvancedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics,” total construction investment from April to August 2021 was ¥20.1 trillion, up 1.1% year on year, indicating a recovery centered on private-sector demand.」
Construction investment reached ¥20.1 trillion from April to August 2021, up 1.1% year on year, marking a recovery from the firm activity in the previous quarter. - FY2022-Q1MitigatedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics,” total construction investment from April to May 2021 was ¥7.9 trillion, up 0.3% year on year, indicating firm activity centered on public works.」
Construction investment, which had declined year on year in the previous fiscal year, rose 0.3% year on year from April to May 2021, improving to firm activity centered on public works. - FY2021WorsenedAnnual report
「Construction investment in fiscal 2020 was expected to reach ¥63.1 trillion, down 3.4% year on year.」
Construction investment was expected to reach ¥63.1 trillion in fiscal 2020, down 3.4% year on year, deteriorating from the previous upward trend. - FY2021-Q3RestatedAnnual report
「The construction industry, a customer for the Company’s manufactured products, was affected by work stoppages and postponements at construction sites and subdued new investment amid uncertainty about the outlook after the state of emergency was declared in April 2020. Following its lifting, however, firm construction demand was seen, particularly in public works.」
Although construction stoppages and postponements and subdued investment were seen after the declaration of a state of emergency, firm construction demand, particularly in public works, continued after it was lifted. - FY2021-Q2MitigatedAnnual report
「The construction industry, a customer for the Company’s manufactured products, was affected by work stoppages and postponements at construction sites and subdued new investment amid uncertainty about the outlook after the declaration of a state of emergency. Following the lifting of the declaration, however, firm construction demand exceeding expectations was seen, particularly in public works.」
Although construction stoppages and postponements and subdued investment continued after the declaration of a state of emergency, firm-than-expected construction demand, particularly in public works, emerged after it was lifted, improving the construction demand environment from the previous quarter. - FY2021-Q1WorsenedAnnual report
「The construction industry, a customer for the Company’s manufactured products, was affected by work stoppages and postponements at construction sites following the government’s declaration of a state of emergency, as well as subdued new investment amid uncertainty about the outlook.」
The COVID-19 pandemic and the state of emergency led to construction stoppages and postponements and subdued new investment, worsening the construction demand environment. - FY2020AdvancedAnnual report
「Construction investment in fiscal 2019 was expected to reach ¥55.3 trillion, up 3.7% year on year.」
The outlook for construction investment was updated to ¥55.3 trillion in fiscal 2019, up 3.7% year on year. - FY2020-Q3AdvancedAnnual report
「In the construction industry, a customer for the Company’s manufactured products, total construction investment from April to November 2019 remained firm at ¥35.9060 trillion, up ¥745.0 billion from the same period of the previous year, according to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics.”」
Total construction investment from April to November 2019 was updated to ¥35.9060 trillion, up ¥745.0 billion year on year. - FY2020-Q2AdvancedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics,” total construction investment from April to August 2019 remained firm at ¥21.1756 trillion, up ¥486.0 billion from the same period of the previous year.」
Total construction investment from April to August 2019 was updated to ¥21.1756 trillion, up ¥486.0 billion year on year. - FY2020-Q1AdvancedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism’s “Construction Comprehensive Statistics,” total construction investment from April to May 2019 remained firm at ¥8.0266 trillion, up ¥172.2 billion from the same period of the previous year.」
Total construction investment from April to May 2019 was updated to ¥8.0266 trillion, up ¥172.2 billion year on year. - FY2019AdvancedAnnual report
「Construction investment in fiscal 2018 was expected to reach ¥57.1 trillion, up 2.1% year on year.」
The outlook for construction investment was updated to ¥57.1 trillion in fiscal 2018, up 2.1% year on year. Demand for housing reconstruction and remodeling, earthquake-resistance work, and infrastructure maintenance and repairs continues to be cited as part of the business environment. - FY2019-Q3RestatedAnnual report
「The construction industry, a major customer for the Company’s manufactured products, saw firm construction investment, driven by large-scale redevelopment centered on the Tokyo metropolitan area, infrastructure maintenance and repairs aimed at strengthening national resilience, and reconstruction demand following natural disasters.」
The company continues to cite firm construction investment, supported by large-scale redevelopment, infrastructure maintenance and repairs, and reconstruction demand, as the business environment. - FY2019-Q2RestatedAnnual report
「Construction investment remained firm in both the public and private sectors, driven by large-scale redevelopment centered on the Tokyo metropolitan area, transportation infrastructure development, and reconstruction demand following natural disasters. The housing market also remained solid.」
Large-scale redevelopment, transportation infrastructure development, reconstruction demand and the solid housing market are again cited as the business environment. - FY2019-Q1RestatedAnnual report
「Construction investment remained firm in both the public and private sectors, driven by large-scale redevelopment centered on the Tokyo metropolitan area, transportation infrastructure development, and reconstruction demand following natural disasters. The housing market also remained solid.」
Large-scale redevelopment, transportation infrastructure development, reconstruction demand and the solid housing market are again cited as the business environment. - FY2018First statedAnnual report
「Construction investment in fiscal 2017 was expected to reach ¥55 trillion, up 4.7% year on year.」
The company identifies increased construction investment, demand for renovation and remodeling of aging homes, and infrastructure maintenance and renewal demand as business opportunities.