Deteriorating profitability in the steel fittings manufacturing and sales segment due to surging steel prices and difficulty passing through costs
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2027-H1.
Mk Seiko moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 4 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Although some projects had uncertain construction start dates due to unsuccessful bids, reflecting persistently high building-material prices and labor shortages,」
Persistently high building-material prices and labor shortages continued to manifest in unsuccessful bids and uncertainty over construction start dates. - FY2025-H1RestatedAnnual report
「Although construction plans have been reviewed or postponed due to persistently high building material prices and labor shortages, demand for wood-aluminum composite insulated fittings remains strong, supported by the acceleration of timber use and rising demand for highly insulated building materials for the realization of a decarbonized society and the transition to ZEBs.」
While persistently high building material prices and labor shortages continued to result in plan reviews and postponements, demand for wood-aluminum composite insulated fittings remained solid. - FY2022First statedAnnual report
「Orders declined due to the impact of COVID-19, while soaring prices for steel and other raw materials resulting from global supply chain disruptions and other factors caused an operating loss in the steel fittings manufacturing and sales segment of the Group’s housing equipment business.」
The steel fittings manufacturing and sales segment incurred an operating loss due to persistently high steel prices and difficulty passing through costs, and an impairment loss of ¥163.968 million was recognized on related assets.