Temporary Decline in Revenue from Industrial Products and Engineering Projects Due to Project Schedule Delays
First written in FY2019-Q1. 10 of 25 entries say "Mitigated", first in FY2019-Q2. Latest entry: 2026-08-06.
The whole theme swung hardest in 2026: 11 of 24 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「工事につきましては、前期から今期に遅延した物件の完工に加え、大型工事の引合いも回復傾向にあり、売上は前年比で増加しました。」
遅延物件の完工と大型工事の引合い回復により、工事売上高が前年を上回った。 - FY2026WorsenedAnnual report
「Although the completion of a long-term large-scale project contributed to revenue, overall orders for construction work remained sluggish. In addition, revenue fell sharply because construction schedules slipped due to delays in preceding processes and because the business entered a gap period between maintenance projects.」
The situation deteriorated from an increase in revenue due to the completion of a large project in the previous period to a sharp decline in construction sales due to sluggish construction orders, delays in preceding processes, and a gap period between maintenance projects. - 2026-05-08WorsenedRevision of earnings forecasts
「主に工業製品・エンジニアリング事業における大型物件の工程遅延の影響により、見込んでいた工事売上の一部が翌期へずれ込んだ」
工業製品・エンジニアリング関連工事について、工程遅延による売上の一時的な減少が予想値との差異として具体化している。 - FY2025-H1MitigatedAnnual report
「Plant division projects, including cold insulation work for LNG-fueled vessel tanks and maintenance work, as well as large logistics facility exterior insulation panel work in the Building Products division, were completed, resulting in a substantial increase in revenue.」
Completion of large projects led to a substantial increase in revenue from Industrial Products and Engineering-related construction. - FY2024RestatedAnnual report
「Several large projects, including equipment insulation work, asbestos removal work, and exterior insulation panel work for logistics facilities, were completed. However, many projects were also left subject to delays in preceding processes or scheduled for completion in the following fiscal year or later.」
Although several large projects were completed, many projects remained subject to delays in preceding processes or scheduled for completion in the following fiscal year or later, and the timing of large-project completions continued to be pushed back. - FY2024-Q3Concurrent delays in large projects and strong ordersAnnual report
「Inquiries had been recovering since the end of the previous fiscal year, and orders for LNG-fueled vessel tank urethane spray work and other projects were particularly strong in plant construction. However, revenue declined slightly from the same period of the previous year because several large projects could not be completed within their scheduled construction periods due to delays carried over from preceding processes.」
While inquiries were recovering and orders for LNG-fueled vessel tank work and other projects were strong, several large projects could not be completed due to delays carried over from preceding processes, resulting in a slight year-on-year decline in revenue. - FY2024-Q2Concurrent decline in large-project orders and margin improvementAnnual report
「Inquiries from customers had been recovering since the end of the previous fiscal year, and the company actively accepted orders for small and medium-sized projects. However, orders for large projects declined in plant construction and exterior insulation panel work for logistics facilities, leaving revenue below the level of the same period of the previous year. At the same time, the completion of a large asbestos removal project and improved margins at maintenance sites in the Keihin area contributed to securing profit.」
Although customer inquiries recovered and orders for small and medium-sized projects were secured, orders for large projects declined in plant construction and exterior insulation panel work for logistics facilities. The completion of a large asbestos removal project and improved margins at maintenance sites in the Keihin area contributed to securing profit. - FY2024-Q1Revenue decline due to panel shortagesAnnual report
「Revenue from exterior insulation panel work for large logistics facilities fell sharply below the previous fiscal year due to the impact of panel shortages.」
The company explained that, while inquiries for construction work are recovering, revenue from exterior insulation panel work for large logistics facilities fell sharply due to panel shortages. - FY2023-Q2Concurrent completion of large projects and the impact of infectious diseasesAnnual report
「Several large projects, including plant construction, asbestos removal work, and exterior insulation panel work for logistics facilities, were completed, resulting in higher revenue and higher profit. However, the renewed spread of COVID-19 has begun to affect the business through reductions and postponements of construction work and higher outsourcing costs caused by shorter construction schedules. The company will strengthen construction management to achieve further margin improvement and secure profits.」
Although the completion of several large projects resulted in higher revenue and higher profit, the effects of reduced or postponed construction work and higher outsourcing costs due to the renewed spread of infectious diseases have begun to emerge, with construction delay risks coexisting with improved performance. - FY2023-Q1RestatedAnnual report
「Although the number of completed construction projects declined due to delays in the schedules for large projects, revenue was ¥3,437 million, up 28.3% year on year, due to the recognition of revenue from construction projects in progress.」
While the number of completed construction projects continued to decline due to schedule delays on large projects, revenue from Industrial Products and Engineering construction rose 28.3% year on year due to the recognition of revenue from construction projects in progress. - FY2022WorsenedAnnual report
「The core plant maintenance work was affected by schedule delays, and total construction sales were ¥12,542 million, down 10.9% from the previous fiscal year. However, the order environment is recovering, as evidenced by orders for exterior insulation panel work at large logistics facilities and thermal insulation work for large vessels.」
Construction sales in the Industrial Products and Engineering business fell 10.9% from the previous fiscal year due to schedule delays. At the same time, the company explained that the order environment is recovering, supported by orders for large logistics facility and large vessel construction. - FY2022-Q3MitigatedAnnual report
「Revenue from completed construction was ¥8,991 million, up 0.1% year on year, despite the impact of lower orders for the core plant maintenance work and delays in the schedules for exterior insulation panel work at large logistics facilities.」
Although lower orders for plant maintenance work and delays in the schedules for large logistics facility construction remain, revenue from completed construction rose 0.1% year on year, improving from the decline in the previous period. - FY2022-Q2WorsenedAnnual report
「Orders for exterior insulation panel work for large logistics facilities increased, but plant maintenance work declined, resulting in revenue from completed construction of ¥5,903 million, down 15.9% year on year.」
Although orders for large logistics facility projects increased, revenue from completed construction fell 15.9% year on year due to a decline in plant maintenance work, and the impact of lower revenue in Industrial Products and Engineering continued. - FY2022-Q1WorsenedAnnual report
「Plant maintenance work and exterior insulation panel work for large logistics facilities declined, resulting in revenue from completed construction of ¥2,678 million, down 15.0% year on year.」
Amid the continuing impact of construction schedule delays and other factors, plant maintenance work and exterior insulation panel work for large logistics facilities declined, and revenue from completed construction fell 15.0% year on year. - FY2021WorsenedAnnual report
「In construction, orders for work, including plant maintenance work, declined due to the impact of extended construction schedules and other factors. Revenue from completed construction was ¥14,076 million, down 0.3% from the previous fiscal year.」
Orders for construction work declined due to extended construction schedules and other factors, and revenue from completed construction in Industrial Products and Engineering also fell 0.3% from the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「Despite the impact of extended construction schedules, completion of plant-related work, including LNG construction and maintenance work, contributed to revenue from completed construction of ¥8,978 million, up 17.2% year on year.」
Although the impact of extended construction schedules remains, revenue from completed construction rose 17.2% year on year due to the completion of LNG construction, maintenance work and other projects, reducing the impact of lower revenue caused by construction delays. - FY2021-Q2MitigatedAnnual report
「Despite the impact of extended construction schedules, completion of plant-related work, including LNG construction and maintenance work, contributed to revenue from completed construction of ¥7,021 million, up 15.1% year on year.」
Although the impact of extended construction schedules remains, revenue from completed construction rose 15.1% year on year due to the completion of LNG construction, maintenance work and other projects, reducing the impact of lower revenue caused by construction delays. - FY2021-Q1MitigatedAnnual report
「Completion of plant maintenance work and large logistics facility insulation panel work contributed to revenue from completed construction of ¥3,152 million, up 61.5% year on year.」
Regarding Industrial Products and Engineering construction, which saw lower revenue in the previous fiscal year due to construction schedule delays and other factors, the company reported that revenue from completed construction rose 61.5% year on year, reducing the impact of the risk of lower revenue. - FY2020MitigatedAnnual report
「Strong inquiries for construction work continue, and although delays in construction schedules due to a shortage of workers at project sites remain a concern, construction work including biomass power plant construction, plant maintenance work, and large logistics facility insulation panel work performed well. Revenue from completed construction was ¥14,121 million, up 5.6% year on year.」
Although concerns remain about construction schedule delays due to a shortage of workers, revenue from completed construction in Industrial Products and Engineering rose 5.6% year on year, improving from the revenue decline in the previous quarter. - FY2020-Q3WorsenedAnnual report
「Strong inquiries for construction work continue, and although delays in construction schedules due to a shortage of workers at project sites remain a concern, plant maintenance work and large logistics facility panel work performed steadily. Revenue from completed construction was ¥7,662 million, down 1.7% year on year.」
While strong inquiries and steady progress in construction work were evident, concerns about construction schedule delays due to a shortage of workers continued, and revenue from completed construction fell 1.7% year on year. - FY2020-Q2MitigatedAnnual report
「Strong inquiries for construction work continue, and although delays in construction schedules due to a shortage of workers at project sites remain a concern, plant maintenance work, large logistics facility panel work, and thermal insulation work for refrigerated vessels and other projects performed well. Revenue from completed construction was ¥6,098 million, up 9.8% year on year.」
Although concerns remain about construction schedule delays due to a shortage of workers, revenue from completed construction was ¥6,098 million, up 9.8% year on year, reducing the impact that had appeared as a year-on-year decline in revenue during the quarter. - FY2020-Q1MitigatedAnnual report
「In construction, customers continue to generate strong inquiries for work. Projects including maintenance work for plants, logistics warehouse panel work, thermal insulation work for refrigerated vessels and other projects, and volume-reduction processing of insulation waste performed well, mainly led by plant maintenance work. Revenue from completed construction was ¥1,951 million, up 3.0% year on year.」
Revenue from completed construction in the Industrial Products and Engineering business, which declined in the previous fiscal year due to construction schedule delays and other factors, rose 3.0% year on year, temporarily reducing the impact of the risk of lower revenue. - FY2019-Q3RestatedAnnual 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.」
Although concerns remain about construction schedule delays due to a shortage of workers, revenue from completed construction is up 5.8% year on year amid favorable demand conditions. - FY2019-Q2MitigatedAnnual report
「Demand conditions remain favorable, led by maintenance work for plants, logistics warehouse panel work, thermal insulation work for refrigerated vessels and other projects, and volume-reduction processing of insulation waste. However, revenue from completed construction was ¥5,555 million, down 3.8% year on year. This was mainly due to delays in construction schedules and other factors, but the company expects operations to proceed as planned over the full year.」
Although revenue from completed construction fell 3.8% year on year due to delays in construction schedules, the decline narrowed from the 17.5% year-on-year decrease in the first quarter, and the company indicated that operations are expected to proceed as planned over the full year. - FY2019-Q1First statedAnnual report
「Demand remains strong, led by maintenance work for plants, logistics warehouse panel work, thermal insulation work for refrigerated vessels and other projects, and volume-reduction processing of insulation waste. However, revenue from completed construction was ¥1,894 million, down 17.5% year on year. This was mainly due to delays in construction schedules and other factors, but the company expects operations to proceed as planned over the full year.」
This is the first disclosure that revenue from completed construction in the Industrial Products and Engineering business fell 17.5% year on year due to delays in construction schedules and other factors, despite continued strong demand.