Risk of rising subcontracted construction costs and material unit prices due to Olympic demand and other factors
First written in FY2019-Q3. 2 of 6 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2025-H1.
Asahi Yukizai moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 32 of 49 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「The semiconductor-related business was significantly affected by the review and postponement of plant construction due to soaring material prices, labor shortages, and other factors.」
Reviews and postponements of US semiconductor plant construction projects occurred against the backdrop of soaring material prices and labor shortages, becoming a factor behind the decline in revenue. - FY2023-Q1RestatedAnnual report
「In domestic capital expenditure, customers continued to take a cautious stance because construction material prices have soared.」
The company disclosed that a cautious stance toward domestic capital expenditure continued against the backdrop of soaring construction material prices. - FY2022WorsenedAnnual report
「Although customers continued to take a cautious stance toward capital expenditure in Japan because of soaring construction material prices, a recovery trend from the COVID-19 downturn began to emerge in general equipment-related demand.」
The company disclosed that customers continued to take a cautious stance toward capital expenditure against the backdrop of soaring construction material prices. Meanwhile, a recovery trend was seen in general equipment-related demand. - FY2022-Q3WorsenedAnnual report
「Although customers continued to take a cautious stance toward capital expenditure because of soaring construction material prices, sales of core products for the domestic market, such as resin valves, remained firm and exceeded the previous year, supported by early signs of recovery in general equipment-related demand from the COVID-19 downturn and ongoing large-scale semiconductor-related construction projects.」
The company disclosed that customers continued to take a cautious stance toward capital expenditure against the backdrop of soaring construction material prices. Meanwhile, sales remained firm, supported by a recovery trend in general equipment-related demand and large-scale semiconductor-related construction projects. - FY2019ReframedAnnual report
「As construction-related material and cost increases are expected, we will pursue thorough differentiation in technology and services and improve the efficiency of the design and construction processes to enhance and strengthen profitability.」
The discussion has shifted from wording limited to the previous Olympic-related demand to expected increases in construction-related materials and costs overall, with responses centered on technology differentiation and more efficient design and construction. - FY2019-Q3First statedAnnual report
「Cost pressures, including higher subcontracted construction costs and material unit prices driven by Olympic-related demand, remained unabated. Profitability continued to be under pressure, and earnings declined as a result.」
In the water treatment business, higher subcontracted construction costs and material unit prices driven by Olympic-related demand became an actual factor putting pressure on earnings.