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A&A Material (5391) · RiskWorsenedLatest Earnings (2026-08-06): "Restated"

Risk of Construction Worker Shortages and Reduced Transportation Capacity

First written in FY2016. 8 of 14 entries say "Worsened", first in FY2023-Q2. Latest entry: 2026-08-06.

14entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2021WorsenedFY2024 – 2026-05-082016: 120162017: 020172018: 120182019: 120192020: 020202021: 120212022: 120222023: 320232024: 320242025: 120252026: 22026
Same theme, other companies

A&A Material moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).

2 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「In addition, labor costs have risen as soaring material prices and labor shortages have reduced productivity, raising concerns about the impact on construction earnings.」

    Regarding shortages of construction workers and labor, it describes concerns that, in addition to previous issues involving construction schedule delays and securing personnel, lower productivity could drive up labor costs and affect construction earnings.
  2. FY2025-H1WorsenedAnnual report

    「At the same time, concerns over deteriorating profitability continue due to pressure on construction earnings from soaring building material prices and labor costs, the aging of construction workers, and difficulties securing personnel.」

    The issue of shortages and aging among construction workers continues to raise concerns extending beyond securing personnel to higher labor costs and deteriorating construction profitability.
  3. FY2024WorsenedAnnual report

    「At the same time, energy prices have remained high and raw material prices have continued to rise due to the weaker yen. In addition, shortages of construction workers and limits on overtime hours have led to moves to review staffing structures.」

    In addition to shortages of construction workers, limits on overtime hours are specifically described as a factor prompting reviews of staffing structures.
  4. FY2024-Q3RestatedAnnual report

    「At the same time, concerns remain that soaring building material prices and a chronic shortage of construction workers could lead to construction postponements and delays in construction schedules, and trends must be monitored closely.」

    It continues to describe concerns that a chronic shortage of construction workers could lead to construction postponements and delays in construction schedules.
  5. FY2024-Q2WorsenedAnnual report

    「At the same time, concerns remain that soaring building material prices and a chronic shortage of construction workers could lead to construction postponements and delays in construction schedules, and trends must be monitored closely.」

    The shortage of construction workers is described not only as a problem involving labor shortages and higher labor costs, but also as a factor that could cause construction postponements and delays in construction schedules.
  6. FY2024-Q1WorsenedAnnual report

    「Concerns over deteriorating profitability persisted due to factors including high building material prices and soaring labor costs caused by labor shortages.」

    Labor shortages have become a more specific concern, extending beyond shortages of construction workers to the risk of deteriorating profitability through higher labor costs.
  7. FY2023-Q3WorsenedAnnual report

    「Demand for fireproofing work in the Kanto, Kansai and Kyushu regions has remained firm, supported by the commencement of large-scale redevelopment projects and other work. However, concerns remain about the impact of schedule delays caused by late deliveries of individual components and labor shortages.」

    In addition to labor shortages, late deliveries of individual components are explicitly identified as a factor causing schedule delays, making supply-side construction risks more specific.
  8. FY2023-Q2WorsenedAnnual report

    「At the same time, construction costs have risen significantly due to soaring building material prices and labor shortages, and the challenging business environment continues.」

    The shortage of construction workers has become more specific, shifting from a general issue of shortages and aging into a factor that significantly increases construction costs.
  9. FY2021RestatedAnnual report

    「For construction work, we will develop new construction methods that reduce the need for labor and manpower, including the introduction of a two-day weekend at construction sites and measures to address shortages of construction workers caused by aging.」

    To address the aging and shortage of construction workers, it continues to introduce a two-day weekend system and develop construction methods that reduce labor and manpower requirements.
  10. FY2019-Q3Concerns over construction schedule delays become more specificAnnual report

    「Although shortages of workers at construction sites raised concerns about delays in construction schedules, demand remained favorable for plant maintenance work, logistics warehouse panel installation, thermal insulation work for refrigerated vessels and other projects, as well as volume-reduction processing of waste insulation materials. Completed construction revenue was ¥7,790 million, up 5.8% year on year.」

    The issue of shortages of construction workers has become more specific, evolving from a general recognition of shortages and aging into a concern that they could lead to construction schedule delays.
  11. FY2018RestatedAnnual report

    「In anticipation of issues including the wider introduction of a five-day workweek at construction sites and the aging of installation workers, the company aims to develop labor-saving installation methods and products that are easier to install.」

    It has reassessed issues including the aging of construction workers and identifies the development of labor-saving construction methods and easier-to-install products as countermeasures.
  12. FY2016First statedAnnual report

    「Although issues remain, including shortages of construction workers, trucks and drivers and the resulting decline in delivery capacity,」

    It describes shortages of construction workers, vehicles and drivers, and the resulting decline in delivery capacity, as current business issues.
Moved together

"Decline in construction and building-materials work revenue due to delays in large-scale construction projects" moved the same way as this thread, in the same document, in 6 of its 14 moves.

65322★12345
  1. ★This thread
  2. 1Decline in construction and building-materials work revenue due to delays in large-scale construction projects6×
  3. 2Emergence of asbestos-related compensation and litigation risk5×
  4. 3Risk of Declining Domestic Demand for Construction and Building Materials3×
  5. 4Risk of Economic Fluctuations and Deteriorating Economic Conditions2×
  6. 5Addressing ESG Issues Through the Medium- to Long-Term CSR Vision “CSR2030”2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
A&A Material's next results are scheduled for 2026-11-05. Read the earnings preview It last moved in the Earnings of 2026-08-06: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.