Labor Shortages Delay Construction Starts and Progress and Increase Construction Costs
First written in FY2017-Q1. 7 of 18 entries say "Restated". Latest entry: FY2026.
Toyo Asano Foundation moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 8 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「On the supply side, labor shortages, working-hours regulations and other factors are expected to remain as supply constraints. Accordingly, the environment surrounding the volume of work as it emerges is expected to remain challenging.」
The filing indicates that labor shortages and working-hours regulations will remain as supply constraints and that the environment surrounding the volume of work as it emerges will continue to be challenging. - FY2025RestatedAnnual report
「On the supply side, labor shortages, working-hours regulations and other factors are expected to remain as supply constraints. Accordingly, the environment surrounding the volume of work as it emerges is expected to remain challenging.」
The filing indicates that labor shortages and working-hours regulations will remain as supply constraints and that the environment surrounding the volume of work as it emerges will continue to be challenging. - FY2025-H1WorsenedAnnual report
「Affected by the 2024 issue, labor shortages, soaring raw material prices and other factors, the construction market faced extremely strong supply constraints, and the volume environment remained extremely challenging.」
Labor shortages are described as a supply constraint alongside the 2024 issue and soaring raw material prices, with the volume environment in the construction market characterized as extremely challenging. - FY2025-Q1WorsenedAnnual report
「Although revenue increased because a large volume of construction work was concentrated in the first quarter amid a challenging demand environment, costs rose because of higher logistics costs and Saturday closures at construction sites. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥4,376 million, up 10.7% year on year, while operating profit was ¥385 million, down 8.8% year on year.」
Higher costs resulting from increased logistics costs and Saturday closures at construction sites were reflected in the results, and operating profit declined 8.8% year on year despite higher revenue. This filing does not state that labor shortages were the cause. - FY2024WorsenedAnnual report
「In the construction market, soaring raw material costs, labor shortages, fewer operating days and other factors appear to have created major external shocks on the supply side.」
Labor shortages are positioned as a major external shock on the supply side, alongside soaring raw material costs and fewer operating days. The filing also indicates the possibility of higher costs and freight charges against the backdrop of the 2024 issue. - FY2022WorsenedAnnual report
「Meanwhile, as global inflation has progressed, demand deferred as a result of measures to address COVID-19 has emerged, while prices have risen because semiconductor shortages, labor shortages and other factors have prevented the supply from meeting demand.」
Labor shortages are described as a supply constraint alongside semiconductor shortages and as a factor contributing to higher prices. The filing also reports a substantial increase in personnel expenses associated with responding to the peak season. - FY2022-Q3WorsenedAnnual report
「Raw material prices, including market-priced products, rose more than initially expected, while personnel expenses, manufacturing expenses and other costs increased substantially to accommodate the exceptionally busy period.」
The filing describes a substantial increase in personnel expenses, manufacturing costs and other expenses associated with responding to the peak season. However, this filing does not state that the increase was attributable to labor shortages. - FY2020MitigatedAnnual report
「The labor shortage problem is easing substantially in quantitative terms. Going forward, we believe that developing personnel to enhance the expertise of our human capital will become even more important.」
The disclosure states that labor shortages are easing substantially in quantitative terms through active recruitment efforts. At the same time, training to enhance expertise is identified as a future challenge. - FY2020-Q2MaterialisedAnnual report
「As construction starts, particularly for large projects, were delayed, the economic slowdown was more pronounced than initially expected, and demand itself weakened, net sales fell substantially short,」
The disclosure states that delays in starting construction, particularly for large projects, actually occurred. However, this filing does not identify labor shortages as the cause. - FY2019MitigatedAnnual report
「As part of efforts to strengthen the quality-control framework, we continued to expand the construction management division, as we did in fiscal 2017, and the division's serious labor shortage is gradually easing.」
The disclosure states that the previously serious labor shortage in the construction management division is gradually easing as the division has been expanded. - FY2018RestatedAnnual report
「Conditions that could hinder a recovery in demand, including the impact of labor shortages at construction sites, have not improved, leaving the outlook uncertain.」
Labor shortages at construction sites have not improved and continue to be cited as a condition that could hinder a recovery in demand. - FY2018-Q3RestatedAnnual report
「In the construction industry, our Group's business sector, delays in starting and progressing projects due to labor shortages have occurred, although demand has generally continued to recover as Olympic-related projects have emerged.」
The disclosure states that delays in starting and progressing projects due to labor shortages have continued. - FY2018-Q2RestatedAnnual report
「In the construction industry, our Group's business sector, delays in starting and progressing projects due to labor shortages have occurred, although demand has generally continued to recover as Olympic-related projects have emerged.」
The disclosure states that delays in starting and progressing construction due to labor shortages have continued. It also cites a recovery in demand as Olympic-related projects have emerged. - FY2018-Q1RestatedAnnual report
「In the construction industry, our Group's business sector, delays in starting and progressing projects due to labor shortages have continued, although demand has gradually begun to recover overall, partly as Olympic-related projects have emerged.」
The disclosure states that delays in starting and progressing projects due to labor shortages have continued. It also cites a recovery in demand as Olympic-related projects have emerged. - FY2017MaterialisedAnnual report
「Downside risks that could hinder a recovery in demand, including the impact of labor shortages at construction sites, have also become apparent, leaving the outlook uncertain.」
The disclosure explicitly states that labor shortages have had an actual impact at construction sites and have emerged as a downside risk that could hinder a recovery in demand. - FY2017-Q3RestatedAnnual report
「In the construction industry, our Group's business sector, in addition to sluggish public-sector demand, delays in starting and progressing construction have occurred due to labor shortages, and demand for construction materials has generally remained sluggish.」
The disclosure continues to cite sluggish public-sector demand, delays in starting and progressing construction due to labor shortages, and sluggish demand for construction materials. - FY2017-Q2RestatedAnnual report
「In the construction industry, our Group's business sector, in addition to sluggish public-sector demand, delays in starting and progressing construction have occurred due to labor shortages, and demand for construction materials has generally remained sluggish.」
The disclosure continues to cite sluggish public-sector demand, delays in starting and progressing construction due to labor shortages, and sluggish demand for construction materials. - FY2017-Q1First statedAnnual report
「In the construction industry, in addition to sluggish public-sector demand, delays in starting and progressing construction have occurred due to labor shortages, and demand for construction materials has generally remained sluggish.」
Delays in starting and progressing construction due to labor shortages are described as having occurred. Rising construction costs are also attributed primarily to labor shortages.