Overconcentration in the Tokyo metropolitan area and a shortage of projects in the Kansai region
First written in FY2016. 10 of 22 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「In the steel structures business, many large projects are planned, including redevelopment projects in the Tokyo metropolitan area and semiconductor-related capital investment, but some projects have been suspended or postponed because construction costs have remained elevated, and uncertainty about the outlook has persisted.」
The company stated that while potential demand exists for large projects in the Tokyo metropolitan area and elsewhere, some projects have been suspended or postponed because construction costs have remained elevated. - FY2026-H1RestatedAnnual report
「In the steel structures business, potential demand exists for large-scale redevelopment projects in the Tokyo metropolitan area and IR-related projects in the Kansai region, but some large projects have been cancelled or postponed because of soaring construction costs and labor shortages, and uncertainty about the outlook has persisted.」
While potential demand exists for large-scale redevelopment in the Tokyo metropolitan area and IR-related projects in the Kansai region, some large projects have been cancelled or postponed because of soaring construction costs and labor shortages, and uncertainty surrounding regional projects has persisted. - FY2022MitigatedAnnual report
「In the steel structures business, large projects have come to market one after another, including not only large-scale redevelopment projects mainly in the Tokyo metropolitan area but also logistics warehouses, data centers and manufacturing plants, and demand for structural steel finally began to recover after emerging from its trough.」
Large projects expanded beyond redevelopment in the Tokyo metropolitan area to logistics warehouses, data centers and plant construction, and the company indicated that demand had emerged from its trough and entered a recovery trend. - FY2022-Q1RestatedAnnual report
「In the steel structures business, large-scale redevelopment projects, mainly in the Tokyo metropolitan area, have generally progressed smoothly, but the volume of projects coming to market has remained low and activity subdued.」
Large-scale redevelopment projects, mainly in the Tokyo metropolitan area, have generally progressed, but the low volume of projects coming to market has persisted. - FY2021-Q3RestatedAnnual report
「In the steel structures business, large redevelopment projects centred on the Tokyo metropolitan area have not undergone any major changes to their plans. However, some projects in regional areas and smaller projects have been postponed due in part to the impact of COVID-19, and strong uncertainty about the outlook persists.」
While plans for large redevelopment projects in the Tokyo metropolitan area have not changed materially, postponements of regional and small projects and uncertainty about the outlook continue. - FY2021-Q1RestatedAnnual report
「In the steel structures business, large redevelopment projects centred on the Tokyo metropolitan area are expected to proceed as planned, but the impact of COVID-19 has made revisions to construction schedules unavoidable, increasing uncertainty over the demand outlook. Meanwhile, large projects in the Kansai region are expected to begin moving forward from the second half of the current fiscal year.」
While large redevelopment projects remain centred on the Tokyo metropolitan area, schedule revisions have created uncertainty there, whereas large projects in the Kansai region are expected to begin moving forward from the second half of the current fiscal year. - FY2020-Q3RestatedAnnual report
「In the steel structures business, large redevelopment projects in the Tokyo metropolitan area are expected to remain the centre of demand for structural steel after the Tokyo Olympics. In the Kansai region, activity related to the 2025 Osaka Expo is also expected, and some projects are expected to emerge during the current fiscal year.」
The company reaffirmed its view that large redevelopment projects will continue to be centred on the Tokyo metropolitan area, while projects in the Kansai region related to the Osaka Expo are also expected to emerge. - FY2020-Q2RestatedAnnual report
「In the steel structures business, large redevelopment projects in the Tokyo metropolitan area remain firm and are expected to continue serving as the centre of demand for structural steel after the Tokyo Olympics. In the Kansai region, expectations for new structural-steel demand are also growing following the decision to host the 2025 Osaka Expo, and some projects are expected to emerge during the current fiscal year.」
Large redevelopment projects continue to be centred on the Tokyo metropolitan area, while expectations remain for continuing demand after the Tokyo Olympics and for projects to emerge in the Kansai region against the backdrop of the Osaka Expo. - FY2020-Q1MitigatedAnnual report
「In the Kansai region, plans for large projects increased following the decision to host the 2025 Osaka Expo, and some projects are expected to emerge during the current fiscal year.」
While the concentration of large projects in the Tokyo metropolitan area continues, plans for large projects in the Kansai region have increased against the backdrop of the decision to host the Osaka Expo, and some are expected to emerge during the current fiscal year. - FY2019MitigatedAnnual report
「Demand for structural steel in the steel structures business remains centred on the Tokyo metropolitan area but at a high level, and large projects expected to generate continuing demand after the Tokyo Olympics are under way. In addition, redevelopment projects have begun nationwide, and the decision to host the Osaka Expo is bringing the emergence of large projects in the Kansai region closer.」
Although regional concentration centred on the Tokyo metropolitan area continues, the outlook now includes expectations that large projects will emerge in the Kansai region, against the backdrop of nationwide redevelopment and the Osaka Expo. - FY2019-Q3Expectations for growth in western Japan demandAnnual report
「Demand for structural steel in the steel structures business remains centred on the Tokyo metropolitan area, and large redevelopment projects involving construction continuing after the Olympics are already under way. Meanwhile, redevelopment projects have begun nationwide, and demand for structural steel in western Japan is expected to increase further following the decision to host the Osaka Expo.」
Demand for structural steel remains centred on the Tokyo metropolitan area, but the outlook now includes expectations for growth in western Japan demand, against the backdrop of redevelopment projects getting under way nationwide and the decision to host the Osaka Expo. - 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.」
The effects of regional concentration, namely the decline in Kansai-region projects and delays in Tokyo-area projects, continued to appear as higher costs and deteriorating profitability in the steel structures business. - 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.」
The effects of regional concentration, namely reliance on projects in the Tokyo metropolitan area and a shortage of projects in the Kansai region, appeared as deteriorating profitability in the steel structures business through the decline in Kansai-region projects and delays in Tokyo-area projects. - FY2018RestatedAnnual report
「Demand for structural steel in the steel structures business remained at a high level. However, large redevelopment projects continued to be concentrated in the Tokyo metropolitan area, while projects outside that area remained sluggish.」
Demand for structural steel itself remains high, but the concentration of large redevelopment projects in the Tokyo metropolitan area and the sluggishness of projects outside the area continue. - FY2018-Q3MaterialisedAnnual report
「In the steel structures business, demand for structural steel was extremely firm and annual procurement volumes were expected to exceed those of the previous fiscal year. By region, activity in the Tokyo metropolitan area remained strong toward the Tokyo Olympics, and large redevelopment projects expected to continue after the Olympics were already under way. Meanwhile, although projects in the Kansai region were increasing, large redevelopment projects remained extremely scarce.」
The concentration of large projects in the Tokyo metropolitan area and the scarcity of large redevelopment projects in the Kansai region continued. The effects of regional concentration remained evident because target projects in the Tokyo metropolitan area did not reach order confirmation. - FY2018-Q2MaterialisedAnnual report
「In the steel structures business, demand for structural steel was extremely firm and annual procurement volumes were expected to exceed those of the previous fiscal year. By region, the concentration in the Tokyo metropolitan area continued, and strong activity was expected to continue toward the Tokyo Olympics. Meanwhile, there were few projects in the Kansai region suitable as targets for super-high-rise building orders, so we sought to secure orders in the Tokyo metropolitan area. However, the target projects did not reach order confirmation, resulting in a figure below the same quarter of the previous year.」
With the concentration in the Tokyo metropolitan area continuing, there were few target projects in the Kansai region and orders for projects in the Tokyo metropolitan area were not confirmed. The effects of regional concentration therefore appeared in steel structures order intake. - FY2018-Q1MaterialisedAnnual report
「In the steel structures business, although we secured orders for a small number of projects in the Osaka area, projects in the Tokyo metropolitan area did not reach contract execution, resulting in order intake below the same quarter of the previous year.」
Against a market backdrop concentrated in the Tokyo metropolitan area, projects there did not reach contract execution, while projects in the Osaka area remained scarce. This was reflected in steel structures order intake falling below the same quarter of the previous year. - FY2017WorsenedAnnual report
「In the steel structures business, demand is expected to remain firm for the time being, but the concentration of large redevelopment projects such as super-high-rise buildings in the Tokyo metropolitan area is expected to become even more pronounced.」
The outlook for the concentration of large redevelopment projects in the Tokyo metropolitan area has changed from the previous view that the trend would continue to an expectation that it will intensify further. - FY2017-Q3RestatedAnnual report
「Demand in the steel structures business remained firm, but super-high-rise projects in which we specialise became even more concentrated in the Tokyo metropolitan area, while the extremely limited number of projects in the Kansai region, our home market, continued.」
The previous assessment of the business environment, namely the concentration of super-high-rise projects in the Tokyo metropolitan area and the scarcity of projects in the Kansai region, has been reiterated. - FY2017-Q2RestatedAnnual report
「In the steel structures business, large projects such as super-high-rise buildings continued to be concentrated in the Tokyo metropolitan area. Although projects are in the planning stage in the Kansai region, procurement is expected to take more time.」
The concentration of super-high-rise and large projects in the Tokyo metropolitan area and the continued delay before projects in the Kansai region reach the procurement stage remain unchanged. - FY2017-Q1RestatedAnnual report
「Demand in the steel structures business remained firm, but super-high-rise projects in which we specialise became even more concentrated in the Tokyo metropolitan area, while the extremely limited number of projects in the Kansai region, our home market, continued.」
The concentration of super-high-rise projects in the Tokyo metropolitan area and the scarcity of projects in the Kansai region continued. - FY2016First statedAnnual report
「The super-high-rise projects in which we specialise became even more concentrated in the Tokyo metropolitan area, and the extremely limited number of projects in the Kansai region, our home market, continued.」
The company stated that super-high-rise projects, a speciality of the steel structures business, were concentrated in the Tokyo metropolitan area and that projects in the Kansai region remained scarce.