Risk of Declining Domestic Demand for Construction and Building Materials
First written in FY2016. 15 of 31 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 19 of 35 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Steady construction investment alongside schedule and cost concernsAnnual report
「In the construction and building materials industry, the Group's main business area, overall construction investment remained firm, supported by steady public investment and signs of a recovery in private-sector capital investment. However, challenges including delays in the schedules of large-scale projects, persistently high building material prices, and tight labor supply and demand remain, and trends must continue to be monitored closely.」
The assessment has changed from weakness in the residential and non-residential sectors last time to a view that overall construction investment is firm, supported by public investment and private-sector capital investment. At the same time, delays in the schedules of large-scale projects, persistently high material prices, and tight labor supply and demand continue. - 2026-05-08OtherEarnings
「建設投資全体としては堅調に推移しております。しかしながら、大型工事における工程遅延や建設資材価格の高止まりおよび労務需給の逼迫等の課題も依然として存在しており、引き続き動向を注視する必要があります。」
建設投資全体の堅調さと、大型工事の遅延、資材価格高止まり、労務需給逼迫を併記している。 - FY2026-H1MaterialisedAnnual report
「In the construction and building materials industry, the Group's main business area, the number of new starts for detached houses fell below the previous year, partly due to declining consumer willingness to purchase amid soaring prices in the housing market. In the non-residential market, the floor area of starts for production facilities, commercial facilities and other projects also stalled, despite support from private-sector companies' willingness to invest in facilities, leaving both the residential and non-residential sectors soft. In addition, labor costs have risen as soaring material prices and labor shortages have reduced productivity, raising concerns about the impact on construction earnings.」
Against a backdrop of declining willingness to purchase due to soaring housing prices, new starts for detached houses fell below the previous year, while the floor area of non-residential starts also stalled, indicating that demand was soft in both the residential and non-residential sectors. It also cites the impact on construction earnings from soaring material prices, labor shortages, lower productivity and rising labor costs. - FY2025Increasing construction demand alongside rising costsAnnual report
「In the construction and building materials industry, the Group's main business area, both public and private investment showed an upward trend. Demand related to Expo 2025 Osaka, Kansai, and earthquake recovery construction remained particularly firm. However, continued close monitoring is required because material prices remain high due to inflation, while labor costs continue to rise due to labor shortages.」
While indicating increased demand from public and private investment, Expo 2025 Osaka, Kansai, and earthquake recovery projects, it describes the continued rise in material prices and labor costs. - FY2025-H1Robust capital investment alongside concerns about profitabilityAnnual report
「In the construction and building materials industry, the Group's main business area, robust capital investment is under way, driven by large-scale projects in the Tokyo metropolitan area, construction related to Expo 2025 Osaka, Kansai, and inbound demand resulting from the weaker yen. 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.」
It describes robust construction investment supported by large-scale projects and construction related to Expo 2025 Osaka, Kansai, while concerns about deteriorating profitability arise from soaring material prices and labor costs and difficulties securing personnel. - FY2024Demand recovery alongside cost and schedule concernsAnnual report
「In the construction and building materials industry, the Group's main business area, demand for non-residential construction generally showed signs of recovery due to increased public investment and greater willingness among private companies to invest in facilities. 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.」
While indicating a recovery in non-residential construction demand, it also cites high energy and raw material prices, shortages of construction workers, and reviews of staffing structures due to limits on overtime hours. - FY2024-Q3Increasing demand alongside concerns about construction delaysAnnual report
「In the construction and building materials industry, the Group's main business area, construction demand has been on an upward trend, supported by a recovery in private investment in redevelopment, production and logistics facilities in the Tokyo metropolitan area, as well as steady public investment. 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.」
While maintaining the longstanding concern over delays caused by soaring building material prices and shortages of construction workers, it explains that construction demand has been on an upward trend, supported by a recovery in private investment and public investment. - 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.」
While indicating an upward trend in construction investment, it explicitly states concerns that soaring building material prices and a chronic shortage of construction workers could lead to construction postponements and delays in construction schedules. - FY2024-Q1Private investment growth alongside concerns about deteriorating profitabilityAnnual report
「While private investment in urban redevelopment and production and logistics facilities has been increasing in the construction and building materials industry, concerns over deteriorating profitability persisted due to high building material prices and soaring labor costs caused by labor shortages.」
It describes a situation in which private investment in urban redevelopment and production and logistics facilities is increasing, while high building material prices and soaring labor costs raise concerns about deteriorating profitability. - FY2023-Q3WorsenedAnnual report
「In the construction and building materials industry, the Group's main business area, private-sector construction investment has become more active, driven by redevelopment projects in the Tokyo metropolitan area and an increase in logistics facilities, and domestic construction investment has been on an expansionary trend. At the same time, the outlook remains uncertain due to soaring building material prices and delays in construction schedules caused by delayed material deliveries.」
While recognizing the expansionary trend in domestic construction investment, it identifies delays in construction schedules caused by delayed material deliveries, in addition to soaring building material prices, as a new source of uncertainty. - FY2023-Q2Expansion of construction investment alongside rising costsAnnual report
「In the construction and building materials industry, the Group's main business area, domestic construction investment has been on an expansionary trend, driven by redevelopment projects in the Tokyo metropolitan area and an increase in logistics facility construction. At the same time, construction costs have risen significantly due to soaring building material prices and labor shortages, and the challenging business environment continues.」
While indicating an expansionary trend in domestic construction investment, the assessment has been updated to reflect the coexistence of rising costs caused by soaring building material prices and labor shortages, replacing the previous explanation of sluggish demand due to the pandemic and other factors. - FY2023-Q1RestatedAnnual report
「In the construction and building materials industry, the Group's main business area, market conditions remained stagnant due to the continuing impact of COVID-19, and demand for both shipments and construction remained sluggish due to suspended construction and delays in new project starts.」
It explains that stagnant market conditions caused by the impact of the pandemic, suspended construction, delays in new project starts, and sluggish demand for shipments and construction have continued. - FY2022-Q1RestatedAnnual report
「In the construction and building materials industries, the group's main business areas, demand remained sluggish due to project suspensions and delays in construction schedules resulting from delays in new project starts.」
The company explained that domestic construction and building materials demand remains sluggish due to project suspensions and delays in new project starts. - FY2021RestatedAnnual report
「Demand remained sluggish in the construction and building materials industry, the Group's main business area, due to suspended construction and delays in new project starts.」
The company explained that domestic construction and building materials demand remains sluggish due to project suspensions and delays in new project starts. - FY2021-Q3RestatedAnnual report
「Demand remained sluggish in the construction and building materials industry, the Group's main business area, due to suspended construction and delays in new project starts.」
Domestic construction and building materials demand remains sluggish due to suspended construction and delays in new project starts. - FY2021-Q2RestatedAnnual report
「In the construction and building materials industries, the group's main business areas, demand remained sluggish due to project suspensions and delays in construction schedules resulting from delays in new project starts.」
The company explained that domestic construction and building materials demand remains sluggish due to project suspensions and delays in new project starts. - FY2021-Q1MaterialisedAnnual report
「In the construction and building materials industries, the group's main business areas, demand remained sluggish due to project suspensions and delays in construction schedules resulting from delays in new project starts.」
Regarding the previously identified risk of declining domestic construction and building materials demand, the company explained that the risk had materialized, with demand becoming sluggish as a result of project suspensions and delays in new project starts. - FY2020-Q3RestatedAnnual report
「In the construction and building-materials industries, our Group's main business areas, high construction demand has continued, driven by redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company maintains the industry's assessment that construction and building materials demand remains high, supported by redevelopment projects and Olympic-related construction. - FY2020-Q1RestatedAnnual report
「In the construction and building-materials industries, our Group's main business areas, high construction demand has continued, driven by redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company maintains its assessment that construction demand remains high, supported by redevelopment projects and Olympic-related construction. - FY2019-Q3RestatedAnnual report
「In the construction and building-materials industries, our Group's main business areas, construction demand has remained high, driven by redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company maintains its assessment that construction demand will remain high, supported by redevelopment projects and Olympic-related construction. - FY2019-Q2RestatedAnnual report
「In the construction and building-materials industries, our Group's main business areas, construction demand has remained high, driven by redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company maintains its assessment that domestic construction and building materials demand will remain high, supported by redevelopment projects and Olympic-related construction. - FY2019-Q1RestatedAnnual report
「In the construction and building-materials industries, our Group's main business areas, construction demand has remained high, driven by redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company indicated that domestic construction and building materials demand would remain high, supported by redevelopment projects and Olympic-related construction. - FY2018RestatedAnnual report
「As a long-term trend in industries related to the group's business areas, factors supporting growth in the renovation market are present in both the residential and non-residential sectors, but investment in new construction is expected to continue declining.」
While citing factors supporting growth in the renovation market, the company continues to identify the declining trend in new construction investment and the impact on earnings if economic conditions deteriorate as risks. - FY2018-Q3RestatedAnnual report
「In the construction and building-materials industries, our Group's main business areas, high construction demand is expected to continue, including for redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company continues to expect strong domestic construction and building materials demand driven by redevelopment and Olympic-related construction. - FY2018-Q2RestatedAnnual report
「In the construction and building-materials industries, our Group's main business areas, high construction demand is expected to continue, including for redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company presented an outlook for strong construction demand driven by redevelopment and Olympic-related construction, indicating no major change in its assessment of the demand environment from the previous quarter. - FY2018-Q1Concurrent outlook for strong demandAnnual report
「High construction demand is expected to continue, including for redevelopment projects centered in central Tokyo and construction related to the 2020 Tokyo Olympic and Paralympic Games.」
While the company had described full-scale construction demand as postponed through the previous fiscal year, its earnings explanation for the quarter also presented an outlook for strong future construction demand driven by redevelopment and Olympic-related construction. It stated that there were no significant changes in the business and other risks section. - FY2017RestatedAnnual report
「In the construction and building materials industries, the group's main business areas, demand for social infrastructure development driven by rising disaster prevention and mitigation needs remained solid, but full-scale construction demand was postponed ahead of construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company maintains its assessment that demand for social infrastructure remains solid, while full-scale construction demand has been postponed. - FY2017-Q3WorsenedAnnual report
「In the construction and building-materials industries, our Group's main business areas, demand for social infrastructure development driven by growing needs for disaster prevention and mitigation remains solid. However, owing in part to uncertainty over the outlook for construction related to the 2020 Tokyo Olympic and Paralympic Games, full-scale demand has been postponed.」
The company explained that full-scale demand has been postponed, following the previous quarter's description of a transitional period likely to lengthen, providing further detail on the deterioration in the demand environment. - FY2017-Q2WorsenedAnnual report
「In the construction and building materials industries, the group's main business areas, demand for social infrastructure development driven by rising disaster prevention and mitigation needs remains solid, but the transitional period before full-scale demand arrives appears likely to lengthen, as uncertainty has increased regarding the outlook for construction related to the 2020 Tokyo Olympic and Paralympic Games.」
The company explained that uncertainty regarding the outlook for Olympic-related construction has increased and that the transitional period before full-scale demand arrives appears likely to lengthen, indicating a deterioration in its assessment of the demand environment from the previous quarter. - FY2017-Q1RestatedAnnual report
「In the construction and building materials industries, the group's main business areas, demand for social infrastructure development driven by disaster prevention and mitigation needs remains solid, but the market is in a transitional period until the second half of the fiscal year, when construction related to the 2020 Tokyo Olympic and Paralympic Games is expected to gather momentum.」
The company indicated that demand for social infrastructure development remains solid, while characterizing the period before Olympic-related construction gathers momentum as transitional, with no major change in its assessment of demand-environment risks. - FY2016First statedAnnual report
「As a long-term trend in industries related to the group's business areas, factors supporting growth in the renovation market are present in both the residential and non-residential sectors, but investment in new construction is expected to continue declining.」
The company identified the declining trend in new construction investment as a long-term external risk to domestic construction and building materials demand.