Stagnation in Passing Through Increases in Construction Costs to Selling Prices
First written in FY2017. 2 of 5 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2022: 32 of 49 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThis filing contains no direct disclosure of the need for price pass-through through communicating product value and selling at appropriate prices, which had been described through the previous quarter.
- FY2019-Q3RestatedAnnual report
「In the concrete pile business, ensuring a higher level of construction quality than ever before is a given, and efforts are needed to communicate the value of the products and sell them to customers at appropriate prices.」
Communicating product value and selling to customers at appropriate prices continue to be described as necessary initiatives for reflecting construction costs and other costs in selling prices. - FY2019-Q2RestatedAnnual report
「In the concrete pile business, ensuring a higher level of construction quality than ever before is a given, and efforts are needed to communicate the value of the products and sell them to customers at appropriate prices.」
Communicating product value and selling to customers at appropriate prices continue to be described as necessary initiatives, and the theme of price pass-through remains ongoing. - FY2018MitigatedAnnual report
「Construction costs, including labor and construction expenses, increased as the Group strengthened its construction management structure to further improve construction quality, but the effects of cost reductions in other expenses and the steady recovery in selling prices resulted」
While construction costs continued to increase, cost reductions and the steady recovery in selling prices mitigated the impact of stalled price pass-through. - FY2017First statedAnnual report
「Construction costs, including labor and construction expenses, increased as the Group strengthened its construction management structure to further improve construction quality. However, price pass-through on the sales side progressed less than expected, resulting in revenue of ¥4,830 million, down 8.5% from the previous consolidated fiscal year, and an operating loss of ¥43 million, compared with operating income of ¥79 million in the previous consolidated fiscal year.」
The pass-through of higher construction costs into selling prices progressed less than expected, and the construction business recorded an operating loss.