Labor Shortages and Order and Price Competition in Japan’s Construction Market
First written in FY2017-Q1. 17 of 33 entries say "Restated". Latest entry: 2026-11-11.
Nippon Hume moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 46 of 75 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「Across the construction industry, shortages of skilled workers driven by the declining birthrate and aging population, difficulty securing construction management personnel and rising labor costs are progressing. If the Group is unable to secure and develop the personnel required to maintain its manufacturing and construction systems, manage construction progress and ensure quality as planned, its results may be affected by lost opportunities to receive orders, construction delays and higher outsourcing costs.」
In addition to the previously identified risks of labor shortages and competition for orders, the disclosure explicitly identifies difficulty securing construction management personnel, rising labor costs, construction delays and higher outsourcing costs as potential impacts. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a moderate recovery trend, supported by the effects of government policies, a recovery in capital investment and increased inbound demand, despite continued high material prices and labor shortages.」
While material prices remained elevated and labor shortages continued, the overall economy was described as being on a moderate recovery trend. It was explicitly stated that there were no material changes to business and other risks. - FY2025WorsenedAnnual report
「While nationwide demand for the pile business and Hume pipes continued to decline to 93.7% and 88.0%, respectively, of the previous period, demand for precast products remained solid, driven by needs to shorten construction periods and address labor shortages.」
Nationwide demand for the pile business and Hume pipes declined to 93.7% and 88.0%, respectively, of the previous period. While demand for precast products remained solid, the decline in demand for the main products was quantified. - FY2025-H1RestatedAnnual report
「Although overall demand for concrete piles declined, the Group increased orders nationwide, and price revisions in response to soaring costs began to take hold. As a result, net sales increased 34.4% year on year to ¥12,639 million and operating profit increased 274.2% to ¥1,221 million, resulting in higher sales and profit.」
The disclosure states that, while the decline in overall demand for concrete piles continued, the Group improved its results through an increase in orders nationwide. It explicitly states that there were no material changes to business and other risks. - FY2024WorsenedAnnual report
「The concrete secondary products industry, which supplies the Group's main products, faced an extremely challenging business environment as nationwide demand for concrete piles, Hume pipes and other products fell substantially below the previous period.」
The disclosure states that nationwide demand for concrete piles and Hume pipes fell substantially below the previous period, indicating that the previously identified risks of weak demand and competition for orders have materialized as a broad-based decline in demand. - FY2024-Q2WorsenedAnnual report
「Risks including unstable economic conditions, soaring prices and a serious labor shortage, particularly among construction workers, are expected to continue. Nationwide demand for concrete piles, the main product of the core business, remained below the level in the same period of the previous year. As market demand fell below the level in the same period of the previous year, net sales were ¥4,137 million, down 11.8% year on year, and operating profit was ¥441 million, down 30.5%.」
The risk of a continuing serious labor shortage is explicitly identified, and declining demand and its impact on results have materialized in the foundation and sewerage-related businesses. - FY2024-Q1WorsenedAnnual report
「The market environment for the Group remained at approximately the same nominal level as the previous year for both public investment and private-sector construction investment, but demand for concrete piles in the foundation business and Hume pipes in the sewerage-related business fell below the level in the same period of the previous year.」
The immediately preceding period included a phase in which demand for piles in the foundation business exceeded the level in the same period of the previous year, but in the current quarter demand for both piles and Hume pipes fell below the previous year's level. Net sales in the sewerage-related business also declined 19.1% year on year. - FY2023-Q3WorsenedAnnual report
「The market environment surrounding the Group showed signs of recovery in private-sector capital investment, but public investment remained somewhat sluggish ahead of increases in defense spending and other measures from the next fiscal year onward. Overall conditions remained challenging due to intensifying competition for orders and the impact of soaring raw material and fuel prices. By business, nationwide demand for concrete piles in the foundation business exceeded the level in the same period of the previous year, while demand for Hume pipes and other products in the sewerage-related business fell below that level.」
Private-sector capital investment showed signs of recovery, while public investment remained sluggish, and the effects of competition for orders and soaring raw material and fuel prices continued. Demand for piles in the foundation business exceeded the previous year's level, while demand for Hume pipes in the sewerage-related business fell below it, with demand conditions continuing to diverge by business. - FY2023-Q2Divergent demand trendsAnnual report
「By business, nationwide demand for concrete piles in the foundation business exceeded the level in the same period of the previous year, while demand for Hume pipes and other products in the sewerage-related business fell below that level.」
While demand for concrete piles in the foundation business exceeded the level in the same period of the previous year nationwide, demand for Hume pipes and other products in the sewerage-related business fell below it, indicating that demand conditions diverged by business. - FY2022-Q3RestatedAnnual report
「Against this backdrop, nationwide demand for concrete piles in the foundation business was at the same level as in the same period of the previous year, but intense competition for orders continues.」
Nationwide demand for concrete piles remained at the same level as in the same period of the previous year, and the Group reconfirmed its recognition that intense competition for orders continues. - FY2022-Q2WorsenedAnnual report
「Against this backdrop, nationwide demand for concrete piles in the foundation business was at the same level as in the same period of the previous year, but the order environment varied significantly by region. The sewerage-related business remained solid, as the Group focused on securing orders for high-value-added products associated with disaster prevention and mitigation and national resilience.」
Nationwide demand in the foundation business remained at the same level as in the same period of the previous year, while the order environment varied significantly by region. Compared with the previous quarter's reference to a demand environment that varied by region, the description places greater emphasis on the severity of the order environment. - FY2022-Q1RestatedAnnual report
「The business environment surrounding the Group is expected to remain challenging, owing to intensifying competition and changes in the market structure.」
The Group continues to recognize a challenging business environment due to intensifying competition and changes in the market structure. Demand for concrete piles in the foundation business slightly exceeded the same period of the previous year nationwide, but the demand environment varied by region. - FY2021WorsenedAnnual report
「Regarding market trends surrounding our group, demand for both Hume pipes in the sewerage-related business and concrete pile products in the foundation business remained below the previous fiscal year’s level. (Foundation business) Orders received were ¥18.388 billion, down 14.7% year on year, revenue was ¥17.816 billion, down 22.1%, and operating profit was ¥682 million, down 25.1%.」
Demand for both Hume pipes and concrete pile products fell below the previous period, causing orders received, net sales and operating profit in the foundation business to decline by 14.7%, 22.1% and 25.1%, respectively. - FY2021-Q3WorsenedAnnual report
「Regarding market trends surrounding our group, demand for both Hume pipes in the sewerage-related business and concrete pile products in the foundation business remained below the year-earlier level. ① Foundation business Orders received were ¥13.077 billion, down 19.4% year on year, revenue was ¥13.619 billion, down 18.3%, and operating profit was ¥634 million, down 10.4%.」
The company states that demand for both Hume pipes in the sewerage-related business and concrete pile products in the foundation business fell below the year-earlier level, while orders received, revenue and operating profit in the foundation business also declined. - FY2021-Q2WorsenedAnnual report
「Regarding market trends surrounding our group, demand for both Hume pipes in the sewerage-related business and concrete pile products in the foundation business remained below the year-earlier level.」
Previously, the company had described declining demand mainly for concrete pile products in the foundation business. This time, it stated that demand for both products, including Hume pipes in the sewerage-related business, fell below the year-earlier level. This indicates that weak demand has newly materialized. Although no quantified figures were disclosed, the risk has emerged as an actual decline in demand. Selective order acceptance, cost reductions and expense cuts were also cited as necessary responses. - FY2021-Q1RestatedAnnual report
「The business environment surrounding the company is expected to remain challenging, including an intensifying competitive environment and changes in market structure.」
The company reiterates its recognition that a challenging business environment, including intensifying market competition and changes in market structure, has continued. - FY2020WorsenedAnnual report
「Regarding market trends surrounding our group, demand for Hume pipes in the sewerage-related business remained at approximately the previous fiscal year’s level, while demand for concrete pile products in the foundation business remained below the previous fiscal year’s level.」
Demand for concrete pile products in the foundation business fell below the previous fiscal year’s level. Orders received decreased 15.0%, revenue decreased 12.3%, and operating profit decreased 23.8%. - FY2020-Q3WorsenedAnnual report
「Regarding market trends surrounding our group, demand for Hume pipes in the sewerage-related business remained at approximately the year-earlier level, while demand for concrete pile products in the foundation business remained below the year-earlier level. ① Foundation business Orders received were ¥16.219 billion, down 21.8% year on year, revenue was ¥16.666 billion, down 20.5%, and operating profit was ¥708 million, down 27.9%.」
The company explicitly describes lower demand for concrete pile products and provides more specific details on the impact of weak domestic demand, stating that orders received, revenue and operating profit in the foundation business decreased 21.8%, 20.5% and 27.9%, respectively, year on year. - FY2020-Q2RestatedAnnual report
「The business environment surrounding the company is expected to remain challenging, including intensifying market competition and changes in market structure. The business environment surrounding our group is expected to remain challenging due to intense price competition, which may affect the group’s business performance and financial position.」
The company continues to recognize a challenging environment in which changes in market competition and structure and intense price competition may affect business performance and financial position. - FY2020-Q1RestatedAnnual report
「The business environment surrounding the company is expected to remain challenging, including an intensifying competitive environment and changes in market structure.」
The company reiterates its recognition that a challenging business environment, including intensifying market competition and changes in market structure, has continued. - FY2019RestatedAnnual report
「The business environment surrounding our group is expected to remain challenging, including intensifying competition and changes in market structure. Nevertheless, based on the basic strategies set out in “EAJ II,” we will work as one to enhance corporate value.」
The company reiterates its recognition that a challenging business environment, including intensifying competition and changes in market structure, has continued. - FY2019-Q3RestatedAnnual report
「The business environment surrounding our group is expected to remain challenging, including intensifying competition and changes in market structure. Nevertheless, based on the basic strategies set out in “EAJ II,” we will work as one to enhance corporate value.」
The company reiterates its recognition that a challenging business environment, including intensifying competition and changes in market structure, has continued. - FY2019-Q2RestatedAnnual report
「The business environment surrounding our group is expected to remain challenging due to intense price competition, which may affect the group’s business performance and financial position.」
The company continues to recognize the challenging business environment caused by intense price competition and its potential impact on business performance and financial position. - FY2019-Q1RestatedAnnual report
「The business environment surrounding the company is expected to remain challenging, including intensifying market competition and changes in market structure. The business environment surrounding our group is expected to remain challenging due to intense price competition, which may affect the group’s business performance and financial position.」
The company continues to recognize a challenging environment in which changes in market competition and structure and intense price competition may affect business performance and financial position. - FY2018RestatedAnnual report
「The business environment surrounding our group is expected to remain challenging due to intense price competition, which may affect the group’s business performance and financial position.」
The company identifies intense price competition as an ongoing risk that may affect business performance and financial position. - FY2018-Q3RestatedAnnual report
「Although reconstruction demand following the Great East Japan Earthquake and increased government spending on public works are expected, the business environment surrounding our group is expected to remain challenging due to intense price competition, which may affect the group’s business performance and financial position.」
While referring to expected reconstruction demand and other factors, the company continues to recognize the challenging business environment caused by intense price competition and its potential impact on business performance and financial position. - FY2018-Q2RestatedAnnual report
「The business environment surrounding the company is expected to remain challenging, including an intensifying competitive environment and changes in market structure.」
The company states that a challenging business environment, including intensifying market competition and changes in market structure, has continued. Demand for concrete products was slightly above the year-earlier level, but no change in the risk assessment was indicated. - FY2018-Q1RestatedAnnual report
「The business environment surrounding the company is expected to remain challenging, including an intensifying competitive environment and changes in market structure.」
The company states that a challenging business environment, including intensifying market competition and changes in market structure, has continued. Meanwhile, demand for Hume pipes exceeded the year-earlier level, while demand for piles fell below it. - FY2017-Q3RestatedAnnual report
「In the concrete products industry related to our company, demand for both Hume pipes and pile products remained below the year-earlier level. Due to weak demand, sales of Hume pipe products and precast products declined, while price competition for pile products intensified. As a result, revenue was ¥12.3 billion, down 15.7% year on year, and segment profit was ¥362 million, down 16.4%.」
Weak demand and intense price competition have continued. In the concrete products business, revenue decreased 15.7% and segment profit decreased 16.4%, but no new change in the risk assessment itself was disclosed. - FY2017-Q2WorsenedAnnual report
「Demand for both Hume pipes and pile products remained below the year-earlier level.」
Orders received decreased 17.5% year on year, revenue decreased 12.0%, and operating profit decreased 44.5%. In the concrete products business, revenue decreased 24.2% and segment profit decreased 61.0%. Intensifying price competition in pile products and pile construction was also cited, indicating that weak domestic demand and the competitive environment have worsened, with quantitative impacts. - FY2017-Q1MaterialisedAnnual report
「The business environment surrounding the company is expected to remain challenging, including continued intense competition for orders and on price, as well as issues such as labor shortages in the domestic construction market.」
The company recognizes labor shortages and order-taking and price competition as challenges in the domestic market and states that demand for Hume pipes and pile products was below the year-earlier level during the quarter.