Intensifying Competition for Bridge Contracts and Narrow-Margin Bid Losses
First written in FY2017-Q1. 16 of 27 entries say "Worsened", first in FY2017. Latest entry: FY2026.
TAKADAKIKO(Steel Construction) moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 29 of 54 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In particular, orders for new steel bridges declined further from the previous fiscal year, making competition for orders even more intense.」
Orders for new steel bridges declined further, and intensifying competition for orders continued as the business environment throughout the fiscal year. - 2026-05-15WorsenedEarnings
「In particular, orders for new steel bridges declined further from the previous fiscal year, making competition for orders even more intense.」
The decline in orders for new steel bridges and intensifying competition for orders continued. - FY2026-H1WorsenedAnnual report
「Orders for new steel bridges, in particular, have declined further from the previous fiscal year, and competition for orders has become even more intense.」
Orders for new steel bridges declined further from the previous fiscal year, and competition for orders in the bridge business intensified further. - FY2025WorsenedAnnual report
「Orders for new steel bridges, in particular, declined further from the previous fiscal year, which had already seen a substantial decrease, and competition for orders became even more intense.」
Orders for new steel bridges declined further from the previous fiscal year, and competition for orders became even more intense. In the bridge business, the company secured even projects with challenging profitability, increasing orders 3.8% from the previous fiscal year, but profit fell substantially. - FY2025-H1WorsenedAnnual report
「Orders for new bridges, in particular, were expected to decline further from the previous fiscal year, and fierce competition for orders continued.」
Orders for new bridges were expected to decline further from the previous fiscal year, and fierce competition for orders continued. - FY2024WorsenedAnnual report
「In the bridge business, we built up orders by focusing on bids in regions where we had an established order-taking track record. However, we fell short of the strong performance of the previous fiscal year, and because we were unable to secure orders for large-scale projects, both the value and volume of orders were substantially below the previous fiscal year's results.」
Amid declining orders for new steel bridges and intensifying competition, the company was unable to secure large-scale projects, and bridge orders fell 40.6% year on year. - FY2024-Q3WorsenedAnnual 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.」
It stated that competition for orders had become "increasingly fierce" against a backdrop of sluggish orders for new steel bridges. Orders in the bridge business also fell 46.0% year on year. - FY2024-Q2WorsenedAnnual report
「Orders for new steel bridges remained sluggish, and competition for orders became even more intense.」
It stated that competition for bridge orders had become even more intense against a backdrop of sluggish orders for new steel bridges. Orders in the bridge business also fell 39.1% year on year. - 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.」
Competition for bridge orders has remained challenging against a backdrop of sluggish orders for new steel bridges. However, orders in the bridge business increased 85.5% year on year. - FY2023RestatedAnnual report
「Despite these difficult conditions, we made securing orders our top priority. In the Bridge business, we strengthened our technical proposals and improved estimating accuracy, while also seeking to contribute to local communities and regions and pursuing customer-focused sales activities. As a result, we secured orders substantially above the previous fiscal year.」
Although the challenging environment for competition remained in place, orders in the bridge business increased 61.5% year on year through stronger technical proposals, more accurate cost estimates and customer-focused sales efforts. - FY2023-Q3RestatedAnnual 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.」
It was reconfirmed that the challenging environment for bridge orders has continued amid sluggish order volumes. - FY2023-Q2RestatedAnnual report
「In this environment, competition among industry participants to secure orders became fierce, with bids for each project continuing to be decided by narrow differences in comprehensive evaluation scores.」
With public orders for bridges remaining sluggish, intensifying competition for orders and close contests based on comprehensive evaluation scores have 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.」
With orders for new steel bridges remaining sluggish, companies without abundant management resources faced intense competition for orders as they fought for survival. - FY2022WorsenedAnnual report
「In the bridge business, the company worked to maintain orders for new steel bridges despite limited management resources and achieved reasonable results. However, the limited number of bidding opportunities prevented order figures from growing, and orders during the fiscal year were ¥11,079,011 thousand, down 29.6% from the previous fiscal year, significantly below the solid performance in the previous fiscal year.」
Amid insufficient management resources and a limited number of bids, full-year orders in the bridge business fell 29.6% year on year, reflecting the severity of competition for orders in the results. - FY2022-Q2WorsenedAnnual report
「Under these conditions, winning tenders required abundant management resources, strong technical proposal capabilities and meticulous cost-estimation capabilities, making competition to secure orders more intense than ever.」
As maintenance and repair work increased in importance, abundant management resources, technical proposal capabilities and cost-estimation capabilities became necessary, and competition for bridge contracts intensified further. Bridge orders also fell 52.3% year on year. - FY2022-Q1WorsenedAnnual report
「As a result, competition for new steel bridge contracts commissioned by the Ministry of Land, Infrastructure, Transport and Tourism and local governments became extremely fierce, with companies’ survival at stake.」
The company explained that, amid sluggish orders from the Ministry of Land, Infrastructure, Transport and Tourism and local governments, competition for new steel bridge contracts became fierce enough to put companies’ survival at stake. - FY2021MitigatedAnnual report
「The company also achieved favorable results in maintaining orders for new steel bridges, despite very low order volumes, particularly on projects commissioned by the Ministry of Land, Infrastructure, Transport and Tourism.」
Even in an environment with very low order volumes for new steel bridges, the company secured contracts, mainly on projects commissioned by the Ministry of Land, Infrastructure, Transport and Tourism, demonstrating that it contained the impact of contracting competition to some extent. - FY2021-Q2WorsenedAnnual 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.」
The company explicitly stated that competition for bridge contracts intensified further as orders for new steel bridges fell below expectations. - FY2021-Q1WorsenedAnnual report
「Fortunately, notices of tenders began to be issued after the state of emergency was lifted. However, a sharp increase in infections from July onward and the possibility that future orders during the fiscal year could be delayed by extensive and severe damage caused by torrential rain are expected to make competition for new steel bridge contracts even more intense.」
The possibility of delays in orders for new steel bridges was indicated, and competition for contracts was expected to intensify further. The existing risks of low order volumes and intensifying competition were exacerbated by COVID-19 and torrential rain. - 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.」
Given the small number of orders for new steel bridges and the large proportion of small projects, the outlook indicated that full-year order volumes would fall below the previous fiscal year and that contracting competition would intensify further. - FY2019MaterialisedAnnual report
「In the bridge business, the company accumulated contracts by strengthening its technical proposal capabilities and improving bidding-price accuracy, but orders during the fiscal year fell significantly below the strong performance in the previous fiscal year.」
Despite improving its technical proposal capabilities and bidding-price accuracy, the company failed to secure large projects, and full-year bridge-business orders fell 46.1% year on year. - FY2019-Q3MaterialisedAnnual report
「In the bridge business, the company worked to maintain and improve its technical proposal capabilities and cost-estimation accuracy and steadily accumulated contracted projects. However, the failure to secure a large project at the beginning of the fiscal year had a significant impact, and orders during the cumulative third quarter consequently fell significantly below the strong performance in the same quarter of the previous year.」
Although the company worked to maintain and improve its technical proposal capabilities and cost-estimation accuracy, bridge-business orders fell 48.7% year on year due to the failure to secure a large project at the beginning of the fiscal year, and the impact of intense contracting competition continued. - FY2019-Q2MaterialisedAnnual report
「In the bridge business, the company worked to maintain and improve its technical proposal capabilities and cost-estimation accuracy, but secured few contracts, and orders during the cumulative second quarter consequently fell significantly below the strong performance in the same quarter of the previous year.」
Despite efforts to maintain and improve technical proposal capabilities and cost-estimation accuracy, bridge-business orders were ¥4,792,481 thousand, down 51.8% year on year, and the impact of intense contracting competition continued. - FY2019-Q1MaterialisedAnnual report
「In the bridge business, the company worked to maintain high levels of technical proposal capabilities and cost-estimation accuracy, but this was not reflected in the results, and orders during the cumulative first quarter fell significantly below the strong performance in the same quarter of the previous year. Orders in the bridge business during the cumulative first quarter were ¥1,316,754 thousand, down 75.0% year on year, while the order backlog at the end of the first quarter was ¥20,244,321 thousand, up 3.0% year on year.」
Despite maintaining technical proposal capabilities and cost-estimation accuracy at high levels, bridge-business orders fell 75.0% year on year, demonstrating the impact of intense contracting competition on results. - FY2018RestatedAnnual report
「In the bridge business, the volume of orders for new steel bridges is expected to remain low, and the extremely challenging contracting environment is expected to continue, with only companies excelling in both technical proposal capabilities and cost-estimation accuracy able to secure contracts.」
The company reaffirmed its view that the highly competitive environment will continue, with orders for new steel bridges remaining at low levels and only companies with strong technical proposal capabilities and cost-estimation accuracy able to secure contracts. - FY2017WorsenedAnnual report
「Accordingly, the extremely challenging contracting environment is expected to continue, with only companies excelling in technical proposal capabilities and cost-estimation accuracy able to secure contracts.」
The company indicated that the extremely challenging contracting environment is expected to continue, with superiority in technical proposal capabilities and cost-estimation accuracy determining whether contracts are secured. - FY2017-Q1First statedAnnual report
「As order volumes were expected to decline, competition for contracts became increasingly intense, bidding accuracy improved across companies, and the company consequently continued to lose contracts by narrow margins.」
The company explained that bidding competition intensified amid expectations of declining bridge orders, and that it in fact continued to lose contracts by narrow margins.