Decline in construction and building-materials work revenue due to delays in large-scale construction projects
First written in FY2020-Q1. 11 of 23 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2026.
A&A Material moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2022: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In construction, although several large projects were completed, the number of projects won has declined since the latter half of the first half. In addition, completion dates at large urban projects have frequently been delayed because of delays in structural work. The decline in the number of projects has intensified price competition, making it difficult to secure profitability, but we will work to increase revenue and secure profits through proactive efforts to win orders.」
While some large projects were completed, the decline in the number of projects won, frequent structural-work delays, and further intensification of price competition have made it increasingly difficult to secure profitability in construction and building materials. - FY2026-H1WorsenedAnnual report
「In construction, although several large projects were completed, the number of projects won has declined since the latter half of the first half. In addition, completion dates at large urban projects have frequently been delayed because of delays in structural work. The decline in the number of projects has intensified price competition, making it difficult to secure profitability, but we will work to increase revenue and secure profits through proactive efforts to win orders.」
While several large projects were completed, the number of projects won declined from the latter half of the first half, and completion dates at large urban projects have frequently been delayed because of delays in structural work. It also describes a difficult situation for securing profitability as competition has intensified with the decline in the number of projects. - FY2025-H1WorsenedAnnual report
「In construction, several large projects were completed in western Japan, but schedule delays caused by structural work occurred frequently at large projects, particularly in urban areas. In addition to concerns about the impact of schedule delays on performance, the construction environment remains difficult because of pressure on construction profitability from higher material procurement and labor costs, as well as difficulties securing personnel.」
While some large projects were completed, frequent schedule delays caused by structural work, the impact on performance, higher material and labor costs, and difficulties securing personnel remain concerns. - FY2024WorsenedAnnual report
「Although large projects, particularly in major metropolitan areas, continued to operate, schedule delays caused by delays in structural work occurred frequently nationwide, and some projects were seen to have their completion dates pushed into the next fiscal year.」
While large projects continued to operate, schedule delays caused by delays in structural work occurred frequently nationwide, resulting in completion being pushed into the following fiscal year. - FY2024-Q3RestatedAnnual report
「Although redevelopment projects, particularly in Tokyo and Osaka, continued to operate, construction delays caused by delays in structural work were seen nationwide. There are concerns about an impact on performance, including postponed completion dates.」
While redevelopment projects continued to operate, concerns remain over nationwide construction delays caused by delays in structural work and postponed completion dates. - FY2024-Q2WorsenedAnnual report
「However, schedule delays at large projects have been seen nationwide, raising concerns about deteriorating profitability as completion dates are pushed back.」
Schedule delays at large projects were seen nationwide, and it expressly raised concerns about deteriorating profitability resulting from postponed completion dates. - FY2024-Q1WorsenedAnnual report
「In construction, schedule delays at large projects were seen across the country, and difficult conditions continued, including delays in the completion of construction projects.」
It explained that schedule delays and postponed completion dates at large construction projects were seen nationwide, and difficult conditions continued. - FY2023-Q2Resilient demand alongside concerns over schedule delaysAnnual report
「In construction, although delays in preceding processes raised concerns about schedule delays in fireproofing work, large-scale redevelopment projects in the Tokyo metropolitan area continued to operate and demand remained firm. Overall construction revenue, including revenue recognition for projects under construction, was ¥2,748 million, up 17.0% year on year.」
Although concerns over schedule delays caused by delays in preceding processes remain, demand was firm as large-scale redevelopment projects in the Tokyo metropolitan area continued to operate, and construction revenue rose 17.0% year on year. - FY2023-Q1RestatedAnnual report
「In construction, the shortage of small and medium-sized projects with short construction periods nationwide kept completed projects sluggish, but revenue recognition for projects under construction resulted in revenue of ¥1,386 million, up 18.9% year on year.」
In construction and building materials, the shortage of small and medium-sized projects with short construction periods continued to weigh on completed projects, but revenue recognition for projects under construction resulted in revenue rising 18.9% year on year. - FY2022WorsenedAnnual report
「In construction, signs of recovery emerged from the third quarter onward, including the commencement of some large-scale redevelopment projects whose starts had been delayed. However, construction schedule delays continued at large projects nationwide, including large-scale redevelopment projects in the Tokyo metropolitan area, and revenue from construction activities overall was ¥4,938 million, down 2.5% from the previous fiscal year.」
While some large-scale redevelopment projects commenced, indicating signs of recovery, construction schedule delays continued at large projects nationwide, and construction revenue in the construction and building materials business declined 2.5% from the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「In construction, the commencement of large-scale redevelopment projects in the Tokyo metropolitan area and nationwide construction schedule delays resulted in completed construction revenue of ¥3,521 million, down 1.7% year on year, although the order environment remained at a certain level.」
The negative revenue impact of large-scale redevelopment projects commencing and nationwide construction schedule delays continues, but the year-on-year decline narrowed from 14.5% in the previous quarter to 1.7%, while the order environment remained at a certain level. - FY2022-Q2WorsenedAnnual report
「Delays in starting new redevelopment projects in the Tokyo metropolitan area and delays to construction schedules at large projects nationwide resulted in completed construction revenue of ¥2,349 million, down 14.5% year on year.」
Delays in starting new redevelopment projects and delays to construction schedules at large projects nationwide resulted in completed construction revenue in the construction and building materials business falling 14.5% year on year, with the impact of schedule delays becoming more pronounced than in the previous quarter. - FY2022-Q1RestatedAnnual report
「In construction, delays to construction schedules at large projects nationwide, including redevelopment projects in the Tokyo metropolitan area, resulted in completed construction revenue of ¥1,166 million, down 4.1% year on year.」
It explained that delays to construction schedules at large projects resulted in completed construction revenue in the construction and building materials business falling 4.1% year on year. - FY2021WorsenedAnnual report
「Because construction schedule delays and construction sites where work was suspended occurred more frequently than expected, and the number of newly commenced projects declined due to weak private-sector capital investment, completed construction revenue was ¥5,063 million, down 18.7% from the previous fiscal year.」
Construction schedule delays and work suspensions occurred more frequently than expected, while the decline in newly commenced projects also contributed, resulting in completed construction revenue in the construction and building materials business falling 18.7% from the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「In construction, completion of several large, long-term fireproofing projects in redevelopment projects in the Tokyo metropolitan area contributed to revenue, but there were also many construction sites where work was suspended due to schedule delays, and the decline in new projects caused by weak private-sector capital investment also had an impact. As a result, completed construction revenue for all construction activities was ¥3,581 million, down 24.8% year on year.」
While completion of large projects contributed to revenue, delays to construction schedules, an increase in sites where work was suspended, and a decline in new projects due to weak private-sector capital investment combined to reduce completed construction revenue for all construction activities by 24.8% year on year. - FY2021-Q2RestatedAnnual report
「In construction, completion of several large, long-term fireproofing projects in redevelopment projects in the Tokyo metropolitan area contributed to revenue, but delays to construction schedules, construction sites where work was suspended, and a decline in new projects due to weak private-sector capital investment resulted in completed construction revenue of ¥2,747 million, down 16.4% year on year.」
While completion of large projects contributed to revenue, delays to construction schedules, work suspensions, and a decline in new projects due to weak private-sector capital investment resulted in completed construction revenue for all construction activities falling 16.4% year on year. - FY2021-Q1MaterialisedAnnual report
「Although revenue from completed building-materials construction declined due to construction schedule delays and the suspension of work at certain construction sites, redevelopment projects in the Tokyo metropolitan area and fireproofing work for logistics facilities exceeded the level of the same period of the previous year.」
The company explained that construction and building-materials work, including large projects, was affected by actual construction schedule delays and work suspensions, resulting in lower revenue from completed building-materials construction. Meanwhile, fireproofing work for redevelopment projects and logistics facilities exceeded the level of the same period of the previous year. - FY2020-Q3RestatedAnnual report
「Orders for fireproofing work for redevelopment projects in the Tokyo metropolitan area and large commercial and accommodation facilities remained strong. Building-materials construction using the company’s noncombustible interior decorative panels also progressed steadily, resulting in revenue from completed construction of ¥4,760 million, up 9.0% year on year.」
Strong orders for fireproofing work for large facilities and steady progress in building-materials construction using noncombustible interior decorative panels continued, resulting in revenue from completed construction rising 9.0% year on year. - FY2020-Q2MitigatedAnnual report
「Orders for fireproofing work for redevelopment projects in the Tokyo metropolitan area and large commercial and accommodation facilities remained strong. Building-materials construction using the company’s noncombustible interior decorative panels also progressed steadily, resulting in revenue from completed construction of ¥3,288 million, up 8.2% year on year.」
Regarding Construction and Building Materials work, for which the company had disclosed a decline in revenue from completed construction in the previous quarter due to delays in the schedules of large projects, orders remained strong during the quarter and revenue from completed construction rose 8.2% year on year. - FY2020-Q1First statedAnnual report
「In construction, revenue from completed construction was ¥1,210 million, down 25.5% year on year, due to delays in the schedules of large projects involving redevelopment in the Tokyo metropolitan area and fireproofing work for logistics and accommodation facilities nationwide. Inquiries for construction work, however, continued to progress steadily.」
This is the first disclosure that actual delays occurred in the schedules of large projects in the Construction and Building Materials business, resulting in a 25.5% year-on-year decline in revenue from completed fireproofing and other construction work.