Medium- to long-term decline in demand for construction investment due to population decline
First written in FY2018. 3 of 5 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019DroppedAnnual reportThe explanation in the previous filing identifying population decline as an explicit factor behind the decrease in construction investment demand cannot be confirmed in this filing.
- FY2019-Q3RestatedAnnual report
「The operating environment in Japan is expected to remain uncertain, as growth is likely to be constrained by slowing productivity growth and a declining working-age population, while the economy will also be affected by progress in the growth strategy.」
The Company continues to identify slowing productivity growth, a decline in the working-age population and uncertainty over progress under its growth strategy as factors weighing on the business environment. - FY2019-Q2RestatedAnnual report
「The operating environment in Japan is expected to remain uncertain, as growth is likely to be constrained by slowing productivity growth and a declining working-age population, while the economy will also be affected by progress in the growth strategy.」
The Company continues to identify slowing productivity growth, a decline in the working-age population and uncertainty over progress under its growth strategy as factors weighing on the business environment. - FY2019-Q1RestatedAnnual report
「The operating environment in Japan is expected to remain uncertain, as growth is likely to be constrained by slowing productivity growth and a declining working-age population, while the economy will also be affected by progress in the growth strategy.」
The Company continues from the previous fiscal year to identify slowing productivity growth, a decline in the working-age population and uncertainty over progress under its growth strategy as factors weighing on the business environment. - FY2018First statedAnnual report
「Considering that construction investment demand is trending downward over the medium to long term due to population decline, among other factors, the Company believes that sufficient attention must also be paid to downside risks this fiscal year.」
The Company explicitly identifies for the first time the medium- to long-term decline in construction investment demand driven by population decline as a structural downside factor for demand, separate from existing economic fluctuation risks.