Risk of Declining Public Works Orders
First written in FY2016. 14 of 27 entries say "Restated". Latest entry: FY2026.
The Takigami Steel Construction moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Steel highway bridge order volume was approximately 90,000 tonnes, down 28.2% year on year, and remained at a severe, historically low level, while competition for orders continued to intensify.」
The risk of declining public works orders, particularly for steel highway bridges, became more pronounced as order volumes fell 28.2% year on year to approximately 90,000 tons, a historical low. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there has been no emergence of any of the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies among the matters concerning the business and financial condition described in this interim report, nor any significant change in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2025WorsenedAnnual report
「Orders for steel highway bridges were approximately 110,000 tons, down 14.5% year on year, remaining at a difficult level close to the historical low, while competition for orders continued to intensify.」
Orders for steel highway bridges fell to approximately 110,000 tons, down 14.5% year on year, declining further from approximately 130,000 tons in the previous fiscal year to a historical low. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there has been no emergence of any of the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies among the matters concerning the business and financial condition described in this interim report, nor any significant change in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2024WorsenedAnnual report
「Orders for steel highway bridges were approximately 130,000 tons, down 14% year on year, remaining at a difficult level close to the historical low, while competition for orders continued to intensify.」
The risk of declining public works orders materialized as orders for steel highway bridges falling to a historical low of approximately 130,000 tons, down 14% year on year. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2023WorsenedAnnual report
「In the bridge segment, orders for steel highway bridges remained in a difficult environment, down 18% year on year, while competition for orders continued to intensify.」
The decline in orders for steel highway bridges was specified as 18% year on year, and the risk of declining public works orders continued to manifest as a difficult order environment. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. Meanwhile, orders received during the quarter increased substantially. - FY2022MaterialisedAnnual report
「Orders for steel highway bridges remained at approximately 190,000 tons, below 200,000 tons for the third consecutive year, reflecting a difficult environment in which competition for orders continues to intensify.」
Orders for public works, particularly steel highway bridges, remained at approximately 190,000 tons, below 200,000 tons for the third consecutive year, demonstrating the actual order environment. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2020MaterialisedAnnual report
「In the Group's operating environment, order volumes for new bridge construction, specifically steel superstructures, were approximately 60% of the usual level in fiscal 2019, resulting in intense competition for orders among industry participants.」
Order volumes for new bridge construction remained at approximately 60% of the usual level, and the risk of declining public works orders materialized as a deterioration in the order environment. - FY2020-Q3MaterialisedAnnual report
「The substantial decline in orders for steel bridges in fiscal 2019 had a significant adverse effect on the Company's order-taking activities, resulting in total orders of ¥4.98 billion for the cumulative third quarter of the current consolidated fiscal period, down ¥643 million, or 56.4%, from the same period of the previous year.」
The decline in public works orders, particularly for steel bridges, materialized as a decline in total orders, which fell 56.4% year on year. - FY2020-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2019RestatedAnnual report
「Against this operating environment, the Group expects demand and orders for its core new bridge construction business to decline slightly, while investment to strengthen transportation networks continues and investment in seismic reinforcement of critical infrastructure expands in the bridge maintenance business.」
While orders and demand for new bridge construction are expected to decline slightly, investment in transportation networks and bridge maintenance and seismic reinforcement is expected to continue and expand. - FY2019-Q3MaterialisedAnnual report
「Meanwhile, public investment remained below the previous year's level in October and November, and early implementation of the second supplementary budget for fiscal 2018 was anticipated.」
In relation to the risk of declining public works orders, the document specifically states that public investment was below the previous year's level from October to November 2018. - FY2019-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The document states that there have been no material changes regarding the risk of declining public works orders. - FY2018WorsenedAnnual report
「The Company expects order volumes for the new bridge construction business, its Group's core business, to remain flat or gradually decline over the next 3 years, due in part to the construction of four-lane expressways to reorganize logistics and urban functions.」
The risk of declining public works orders has been made more specific, with an outlook for flat or gradually declining order volumes for new bridge construction over the medium-term 3-year period. - FY2017-Q1RestatedAnnual report
「Although corporate earnings and employment conditions showed gradual improvement, production and private consumption remained broadly flat, while public investment followed a gradual declining trend, and conditions remained generally weak.」
A continued gradual decline in public investment is indicated. The quarterly report also states that there have been no material changes in business and other risks. - FY2016First statedAnnual report
「If the decline in the volume of public works orders and other factors significantly exceeds expectations, it may affect operating performance.」
The decline in the volume of public works orders is identified as a key external risk for the bridge business.