Dependence on Public Works and Public Procurement
First written in FY2016. 9 of 36 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
TAKADAKIKO(Steel Construction) moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 39 of 122 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「At the end of the fiscal year ending March 2026, steel bridges accounted for more than 70% of order backlog, most of which represented public-sector projects. Reflecting the severe fiscal conditions of national and local governments, public-sector projects have continued to decline in volume, leaving the outlook for market conditions uncertain.」
The company continued to disclose its reliance on steel bridges and public-sector projects and the uncertainty surrounding public-sector procurement. Continued investment of management resources in the maintenance business and Ikken Truss was also identified as a countermeasure. - FY2026-H1Update to government-agency sales resultsAnnual report
「Government agencies 4,886,452 － 4,886,452」
Of bridge business revenue of ¥5,571.394 million for the interim accounting period, ¥4,886.452 million was generated from government agencies. The structure of reliance on public-sector procurement continues to be reflected in specific sales results. - FY2025MitigatedAnnual report
「As a measure to address this risk, we are prioritising the allocation of management resources to the maintenance business, which is expected to grow within the bridge business, and to the Ikken Truss business, which has competitive advantages within the steel structures business serving private-sector demand, with the aim of expanding these businesses.」
Although reliance on steel bridges and public-sector projects continues, the company identified the priority allocation of management resources to the maintenance business and Ikken Truss as a countermeasure. Order backlog includes ¥1.55 billion in the maintenance business and ¥780 million in Ikken Truss. - FY2025-H1WorsenedAnnual report
「In this industry, demand in both the bridge and steel structures businesses showed no recovery from the previous fiscal year, when it remained sluggish, and the difficult order environment continues. In particular, procurement volumes for new bridges were expected to decline further from the previous fiscal year, and intense competition for orders continued.」
Demand in the bridge and steel structures businesses has not recovered from the previous fiscal year, and procurement volumes for new bridges are expected to decline further. The difficult order environment surrounding reliance on public-sector procurement has become more severe. - FY2024RestatedAnnual report
「Our principal business is the design, fabrication and on-site construction of steel structures. At the end of the fiscal year ending March 2024, steel bridges accounted for more than 70% of our order backlog, most of which represented public-sector projects.」
Steel bridges accounted for more than 70% of order backlog, most of which represented public-sector projects, and the company continued to disclose this reliance structure. Revenue from the Ministry of Land, Infrastructure, Transport and Tourism was ¥10,750.050 million, or 54.6% of revenue. - FY2024-Q3RestatedAnnual report
「In the bridge business, procurement of new steel bridges remained sluggish as large projects reached a pause and procurement by expressway companies declined, while competition for orders intensified further.」
The pause in large-project procurement and the decline in procurement by expressway companies reaffirmed the sluggish state of public-sector procurement for new steel bridges. - FY2024-Q2RestatedAnnual report
「In this industry, procurement of new steel bridges remained sluggish and competition for orders became even more intense, as large projects in eastern Japan, including the Tokyo metropolitan area, reached a pause and procurement by expressway companies declined.」
The pause in large-project procurement in eastern Japan and the decline in procurement by expressway companies reaffirmed the sluggish state of public-sector procurement for new steel bridges. - FY2024-Q1RestatedAnnual report
「In the bridge business, procurement of new steel bridges remained sluggish as large projects in the Tokyo metropolitan area reached a pause and procurement by expressway companies declined.」
In the bridge business, which depends on public-sector procurement, procurement of new steel bridges has remained sluggish. Of first-quarter bridge business revenue of ¥3,497.706 million, ¥2,880.123 million was generated from government agencies, indicating that the reliance structure continues. - FY2023RestatedAnnual report
「Our principal business is the design, fabrication and on-site construction of steel structures. At the end of the fiscal year ending March 2023, steel bridges accounted for more than 70% of our order backlog, most of which represented public-sector projects.」
The company continued to disclose its reliance structure, with steel bridges accounting for more than 70% of order backlog and most of that representing public-sector projects. Revenue from the Ministry of Land, Infrastructure, Transport and Tourism was ¥8,536.934 million, or 53.4% of bridge business revenue. - FY2023-Q3Large projects awarded, but annual procurement remained sluggishAnnual report
「In the bridge business, although large projects from expressway companies were awarded, procurement during the current fiscal year remained sluggish and the difficult order environment continued.」
Although large expressway-company projects were awarded, procurement for the year as a whole remained sluggish, and reliance on public-sector procurement and the difficult order environment continued. - FY2023-Q2Large expressway-company projects awarded, while procurement by the Ministry of Land, Infrastructure, Transport and Tourism and local governments remained sluggishAnnual report
「In the bridge business, although large projects from expressway companies were awarded, procurement by the Ministry of Land, Infrastructure, Transport and Tourism and local governments remained sluggish.」
While large expressway-company projects were awarded, procurement by the Ministry of Land, Infrastructure, Transport and Tourism and local governments remained sluggish, and reliance on public-sector procurement and the concentration of procurement among certain clients continued. - FY2023-Q1WorsenedAnnual report
「In the bridge business, procurement of new steel bridges by expressway companies, the Ministry of Land, Infrastructure, Transport and Tourism and local governments all remained sluggish. Even in this environment, several companies with abundant management resources increased their order intake, while other companies faced intense competition for orders in a struggle for survival.」
Procurement of new steel bridges by expressway companies, the Ministry of Land, Infrastructure, Transport and Tourism and local governments all remained sluggish, and the difficult conditions associated with reliance on public-sector procurement and the disparity between companies continued. - FY2022MitigatedAnnual report
「As measures to address this risk, we are strengthening efforts in maintenance and repair work, whose share of the bridge business has been increasing, while also allocating more management resources to improve the business foundation of the steel structures business, which serves private-sector demand.」
While continuing to disclose the company's reliance structure, with steel bridges accounting for more than 70% of order backlog and most of that representing public-sector projects, it identified strengthening maintenance and repair work and improving the business foundation of the steel structures business as countermeasures. - FY2022-Q3Update to government-agency sales resultsAnnual report
「Government agencies 7,112,741 － 7,112,741」
Of bridge business revenue of ¥8,875.844 million for the cumulative third quarter, ¥7,112.741 million was generated from government agencies. The structure of reliance on public-sector procurement continues to be reflected in specific sales results. - FY2022-Q2RestatedAnnual report
「Government agencies 5,081,893 － 5,081,893」
Of bridge business revenue of ¥6,424.032 million for the cumulative second quarter, ¥5,081.893 million was generated from government agencies. The structure of reliance on public-sector procurement therefore continues. - FY2022-Q1MaterialisedAnnual report
「In the bridge business, most procurement during the first quarter consisted of large projects from expressway companies, while procurement by the Ministry of Land, Infrastructure, Transport and Tourism and local governments remained sluggish. As a result, the amount of management resources held by a company translated directly into orders, creating a clear polarisation: only companies capable of handling large projects secured orders, while companies with limited resources could not even participate in bidding.」
While procurement was concentrated in large projects from expressway companies, procurement by the Ministry of Land, Infrastructure, Transport and Tourism and local governments remained sluggish. The resulting constraints on bidding participation and order capture due to limited management resources have become evident. - FY2021MitigatedAnnual report
「As a measure to address this risk, in the fiscal year ending March 2021 we established a company-wide structure to support the steel structures business and secured order intake substantially above the previous fiscal year. We will maintain this structure and seek to win further orders.」
Although reliance on public-sector projects remains, the company-wide support structure for the steel structures business substantially increased order intake from the previous year, and the company described its response to this reliance. - FY2021-Q3WorsenedAnnual report
「Procurement volumes for new bridge construction in the bridge business have struggled to grow, and it has become possible that they will ultimately fall below the previous fiscal year, when they remained sluggish.」
Procurement volumes for new bridges struggled to grow, with indications that they may not reach the previous fiscal year's sluggish level. The risks associated with reliance on public-sector procurement and declining procurement volumes are being recognised more strongly. - FY2021-Q2MaterialisedAnnual report
「In this industry, demand for new steel bridges in the bridge business was expected to increase from the previous fiscal year, when it remained sluggish. However, actual procurement volumes remained below expectations, making competition for orders even more intense.」
Although demand for new steel bridges was expected to increase from the previous year, it fell below expectations in practice, and the shortage of public-sector procurement continued. - FY2021-Q1MaterialisedAnnual report
「In the bridge business, activities aimed at securing new orders were severely restricted by the postponement of bidding schedules and the suspension of new orders. Fortunately, notices of orders began to be issued after the lifting of the state of emergency, but the sharp increase in infections from July onward and the extensive, severe damage caused by torrential rain could also delay orders for the remainder of the fiscal year.」
In the bridge business, which depends on public-sector procurement, bidding schedules were in fact postponed and new tenders put on hold, restricting efforts to win new orders. The possibility of further delays in procurement has also been indicated. - FY2020-Q3MaterialisedAnnual report
「In the bridge business, orders for large-scale maintenance and specific renewal projects remained firm during the cumulative third quarter, but orders for new steel bridges fell sharply year on year. Although orders are expected to recover from the following fiscal year onward due to plans such as the expansion of expressways to 4 lanes, the current fiscal year is a transition period for orders, and order volume is expected to remain well below the previous fiscal year.」
Orders for large-scale maintenance and specific renewal projects remained firm, but orders for new steel bridges fell sharply year on year, and full-year order volume is expected to fall well below the previous fiscal year. The risks of dependence on public-sector orders and declining order volume have materialized in the results. - FY2020-Q2WorsenedAnnual report
「Although a certain level of orders is expected from the following fiscal year onward due to plans such as the expansion of expressways to 4 lanes, the current fiscal year is a transition period for orders, and order volume is expected to remain below the previous fiscal year.」
Bridge orders are centered on large-scale maintenance and specific renewal projects, while the number of orders for new steel bridges remains low. Full-year order volume is also expected to fall below the previous fiscal year. - FY2020-Q1WorsenedAnnual report
「Few orders are expected from the second quarter onward, and order volume for the fiscal year is expected to fall below the previous fiscal year. Competition for orders for new steel bridges is expected to become even more intense.」
Bridge orders are centered on large-scale maintenance and specific renewal projects, while the number of orders for new steel bridges remains low. Full-year order volume is also expected to fall below the previous fiscal year. - FY2019WorsenedAnnual report
「Our main business is the design, fabrication and on-site construction of steel structures. Steel bridges accounted for approximately 90% of the order backlog at the end of the fiscal year ended March 2019, most of which consisted of public works. Reflecting the difficult financial conditions of the national and local governments, the volume of public-sector projects has continued to decline, and the outlook for future market trends remains uncertain.」
Steel bridges accounted for approximately 90% of the order backlog, indicating a high degree of dependence on public works. The decline in order volume and uncertainty in the market were also cited. - FY2019-Q3RestatedAnnual report
「In the bridge business, the cumulative third-quarter order volume exceeded the same quarter of the previous fiscal year, partly because expressway companies continued to place large projects at the beginning of the fiscal year. However, order volume for the full fiscal year is expected to be approximately at the previous fiscal year's level.」
Large projects from expressway companies pushed cumulative third-quarter order volume above the previous fiscal year, but the full-year outlook is approximately at the previous fiscal year's level. Dependence on public-sector orders and uncertainty over order volume continue. - FY2019-Q2RestatedAnnual report
「In the bridge business, the cumulative second-quarter order volume exceeded the same quarter of the previous fiscal year, partly because expressway companies continued to place large projects at the beginning of the fiscal year. However, order volume for the full fiscal year is expected to be approximately at the previous fiscal year's level.」
Large projects from expressway companies pushed first-half order volume above the previous fiscal year, but the full-year outlook is approximately at the previous fiscal year's level. Dependence on public-sector orders and uncertainty over order volume continue. - FY2019-Q1MitigatedAnnual report
「In the bridge business, expressway companies placed a series of large projects during the cumulative first quarter, while orders are expected to center on the Ministry of Land, Infrastructure, Transport and Tourism from the second quarter onward. Annual orders for new road bridges are also expected to be at least at the previous fiscal year's level.」
The company noted that expressway companies had placed a series of large projects and that annual orders for new road bridges were expected to be at least at the previous fiscal year's level. The risk of declining public-sector orders temporarily eased in the overall market outlook, but the company's bridge order intake declined. - FY2018WorsenedAnnual report
「Our main business is the design, fabrication and on-site construction of steel structures. Steel bridges accounted for more than 80% of the order backlog at the end of the fiscal year ended March 2018, most of which consisted of public works. Reflecting the difficult financial conditions of the national and local governments, the volume of public-sector projects has continued to decline, and the outlook for future market trends remains uncertain.」
Steel bridges were stated to account for more than 80% of the order backlog, a stronger expression of dependence on public works than the previous “more than 70%.” The decline in public-sector project orders and uncertainty in the market also continue. - FY2018-Q3MitigatedAnnual report
「In the bridge business, orders were brought forward, and order volume for the cumulative third quarter exceeded the same quarter of the previous fiscal year. Although the pace of orders is expected to slow somewhat toward the fiscal year-end, final order volume is expected to exceed the previous fiscal year.」
Public-sector bridge order volume exceeded the previous fiscal year through the cumulative third quarter and is expected to exceed it for the full year, further easing concerns about declining orders from the previous fiscal year. - FY2018-Q2MitigatedAnnual report
「In the bridge business, order volume for the cumulative second quarter exceeded the same quarter of the previous fiscal year because orders were brought forward. Large projects are scheduled to be ordered from the third quarter onward, and annual order volume is expected to exceed the previous fiscal year.」
Public-sector bridge orders exceeded the previous fiscal year through the same period because orders were brought forward, and the outlook changed to one in which annual order volume is also expected to exceed the previous fiscal year. - FY2018-Q1MitigatedAnnual report
「In the bridge business, order volume for the cumulative first quarter exceeded the same quarter of the previous fiscal year, but annual order volume is expected to remain at approximately the previous fiscal year's level.」
Public-sector bridge orders exceeded the same quarter of the previous fiscal year in the first quarter and are expected to remain at approximately the previous fiscal year's level for the full year. The outlook for declining orders through the previous fiscal year has eased in the short term, but dependence on public-sector orders continues. - FY2017SoftenedAnnual report
「Steel bridges accounted for more than 70% of the order backlog at the end of the fiscal year ended March 2017, most of which consisted of public works.」
Dependence on public works continues, although steel bridges are now described as accounting for more than 70% of the order backlog, compared with approximately 90% previously. The decline in order volume and uncertainty over market trends continue to be cited. - FY2017-Q3MaterialisedAnnual report
「In the bridge business, order volume for the cumulative third quarter declined year on year because orders from both the Ministry of Land, Infrastructure, Transport and Tourism and expressway companies decreased. Orders from the Ministry and expressway companies are expected in the fourth quarter, but full-year order volume is expected to fall short of the previous fiscal year.」
Order volume from the Ministry of Land, Infrastructure, Transport and Tourism and expressway companies declined year on year through the cumulative third quarter and is expected to fall below the previous fiscal year for the full year. The risk of declining public-sector orders has materialized in the results. - FY2017-Q2WorsenedAnnual report
「In the bridge business, orders are expected during the fiscal year, mainly in the Chubu and Tohoku regions, but order activity remains sluggish. Additional orders from a supplementary budget are anticipated, although total orders are ultimately expected to remain below the previous fiscal year.」
Public-sector bridge orders remained sluggish through the second quarter, and the full-year outlook indicates that they will fall below the previous fiscal year. - FY2017-Q1WorsenedAnnual report
「In the bridge business, orders are expected to be placed during the fiscal year, mainly in the Chubu and Tohoku regions, but the volume of orders is expected to fall below the previous fiscal year.」
For the bridge business, which depends on public-sector orders, the company expects order volume during the fiscal year to fall below the previous fiscal year. It also expects delays in orders for projects from the Ministry of Land, Infrastructure, Transport and Tourism due to the priority given to recovery from the Kumamoto Earthquake. - FY2016First statedAnnual report
「Steel bridges accounted for approximately 90% of the order backlog at the end of the fiscal year ended March 2016, most of which consisted of public works. Reflecting the difficult financial conditions of the national and local governments, the volume of public-sector projects has continued to decline, and the outlook for future market trends remains uncertain.」
The company disclosed dependence risk arising from steel bridges accounting for approximately 90% of the order backlog, most of which consists of public works.