Higher costs due to delays in approving steel structure drawings and surging transportation expenses
First written in FY2018. 5 of 16 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2026.
TAKADAKIKO(Steel Construction) moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2018: 3 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the steel structures business, revenue from completed construction contracts fell sharply to ¥3,687.958 million, down 32.1% from the previous fiscal year, due to weak orders received in the previous fiscal year. However, profitability improved through the acquisition of additional contracts and a review of the production structure, enabling the company to secure segment profit of ¥10.193 million, down 91.3% year on year.」
The steel structures business remained profitable, but revenue from completed construction contracts fell 32.1% and segment profit fell 91.3%, resulting in a substantial decline in profit levels. - FY2024WorsenedAnnual report
「Although revenue from completed construction contracts increased to ¥4,075.585 million, up 52.7% from the previous fiscal year, on the back of steady orders received in the previous fiscal year, it remained below the level required to secure profit. The segment loss was ¥229.921 million, compared with a segment loss of ¥181.456 million in the previous fiscal year, and the business remained in the red.」
Although revenue from completed construction contracts increased in the steel structures business, it remained below the level required to secure profit, and the loss widened from ¥181.456 million to ¥229.921 million. - FY2024-Q2WorsenedAnnual report
「Revenue in the steel structures business for the six months ended the second quarter was ¥1,743.849 million, up 55.0% year on year, while the segment loss was ¥238.975 million, compared with a segment loss of ¥106.515 million in the same period of the previous year.」
Although revenue increased in the steel structures business, the segment loss widened from ¥106.515 million to ¥238.975 million. Persistently high materials and energy prices, higher construction prices due to labor shortages, and a lull in demand have affected profitability and the order environment. - FY2024-Q1WorsenedAnnual report
「Revenue in the steel structures business for the three months ended the first quarter was ¥954.979 million, up 55.3% year on year, while the segment loss was ¥76.340 million, compared with a segment loss of ¥53.562 million in the same period of the previous year.」
Although revenue increased in the steel structures business, the segment loss widened from ¥53.562 million to ¥76.340 million due to the impact of higher costs and other factors. The decline in profitability in steel structures construction has continued. - FY2023Steel structures loss narrows but remains in the redAnnual report
「Due to the stagnation in orders received in the previous fiscal year, revenue from completed construction contracts declined to ¥2,668.530 million, down 23.8% from the previous fiscal year. As revenue remained below the level required to secure profit, the segment loss was ¥181.456 million, compared with a segment loss of ¥254.559 million in the previous fiscal year, and the business remained in the red.」
In the steel structures business, revenue declined and the business remained in the red, but the segment loss narrowed from ¥254.559 million to ¥181.456 million. - FY2023-Q2Losses narrowed, but the company remained in the redAnnual report
「Revenue in the steel structures business for the six months ended the second quarter was ¥1,124.841 million, down 33.5% year on year, while the segment loss was ¥106.515 million, compared with a segment loss of ¥114.734 million in the same period of the previous year.」
The segment loss in the steel structures business narrowed from ¥114.734 million in the previous year to ¥106.515 million, but the decline in revenue and losses continued. - FY2022Losses narrowed, but the company remained in the redAnnual report
「In the steel structures business, completed construction revenue increased to ¥3,500,030 thousand, up 123.7% year on year, following improvement in orders received in the previous fiscal year. However, it did not reach the level required to secure profit, and segment loss remained at ¥254,559 thousand, compared with a loss of ¥367,711 thousand in the previous fiscal year.」
The loss narrowed as revenue in the steel structures business increased, but it remained below the level required to secure profit, and the business remained in the red. - FY2022-Q3WorsenedAnnual report
「Revenue in the steel structures business for the nine months ended the third quarter was ¥2,537.052 million, up 108.9% year on year, while the segment loss was ¥206.191 million, compared with a segment loss of ¥167.676 million in the same period of the previous year.」
Although revenue in the steel structures business recovered, the segment loss widened from ¥167.676 million in the previous year to ¥206.191 million. The deterioration in profitability caused by declining profitability in steel structures construction has continued. - FY2021MaterialisedAnnual report
「As the deterioration in profitability on certain construction projects became apparent at the end of the fiscal year and a provision for construction contract losses was recorded, segment profit deteriorated further to a loss of ¥367.711 million, compared with a segment loss of ¥166.607 million in the previous year.」
Deterioration in profitability on certain construction projects became apparent in the steel structures business, and a provision for construction contract losses was recorded. Risks related to project execution and costs materialized as an increase in losses. - FY2020-Q2MitigatedAnnual report
「Revenue in the steel structures business for the six months ended the second quarter was ¥1,503.989 million, down 28.1% year on year, while the segment loss was ¥1.694 million, compared with a segment loss of ¥44.450 million in the same period of the previous year.」
Although revenue declined in the steel structures business, the segment loss narrowed substantially from ¥44.450 million in the previous year to ¥1.694 million. The deterioration in profitability related to project delays and higher costs eased, but a loss remained. - FY2020-Q1MitigatedAnnual report
「② Steel Structures Business Revenue in the steel structures business for the three months ended the first quarter was ¥784.682 million, down 31.6% year on year, while segment profit was ¥33.329 million, compared with a segment loss of ¥50.713 million in the same period of the previous year.」
Although revenue declined in the steel structures business, it swung from a segment loss to a profit of ¥33.329 million. The deterioration in profitability caused by project delays and higher costs since the previous fiscal year eased during the quarter. - FY2019MitigatedAnnual report
「However, segment profit improved from ¥6.008 million in the previous fiscal year to ¥78.989 million, up 1,214.7% year on year, as unprofitable construction projects were eliminated and contract amounts increased through additional settlements for ancillary steelwork and other factors.」
Profitability in the steel structures business improved through the elimination of unprofitable construction projects and additional settlements, easing the deterioration in project execution and costs seen in the previous year. - FY2019-Q3MitigatedAnnual report
「Profitability in the steel structures business improved to a level at which segment profit could be secured, due to cost reductions and increases in contract amounts resulting from design changes to completed construction projects.」
Profitability in the steel structures business improved due to cost reductions and increases in contract amounts resulting from design changes, and segment profit for the nine months ended the third quarter was ¥150.683 million. The deterioration in profitability caused by project delays and higher costs since the previous fiscal year eased during the quarter. - FY2019-Q2MaterialisedAnnual report
「In the steel structures business, profitability deteriorated as a result of the decline in profitable projects in the Kansai region and increased costs caused by delays in the progress of projects in the Tokyo metropolitan area.」
Cost increases associated with stalled progress on projects in the Tokyo metropolitan area and a continued decline in projects in the Kansai area resulted in a segment loss of ¥44.450 million in the steel structures business. The deterioration in profitability caused by project delays and higher costs since the previous fiscal year has continued. - FY2019-Q1MaterialisedAnnual report
「In the steel structures business, profitability deteriorated as a result of the decline in projects in the Kansai region and delays in the progress of projects in the Tokyo metropolitan area.」
Progress on projects in the Tokyo metropolitan area remained stalled in the steel structures business, and the segment loss widened from ¥22.832 million in the same period of the previous fiscal year to ¥50.713 million. The deterioration in profitability related to the project delays and rising costs disclosed in the previous fiscal year continued to materialize. - FY2018MaterialisedAnnual report
「In the fiscal year, when projects in the Tokyo metropolitan area accounted for most of the business, segment profit was limited to ¥6.008 million, down 93.7% year on year, due to higher production costs stemming from delays in drawing approvals and higher costs resulting from soaring transportation expenses.」
In the steel structures business, higher costs actually arose from delays in drawing approvals and soaring transportation expenses, and segment profit fell 93.7% year on year.