Risk of Declining Construction Demand and Price Volatility
First written in FY2016. 15 of 37 entries say "Restated". Latest entry: 2026-10-20.
Alinco moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 8 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「一部で将来の建設計画を見据えて計画的に購買を検討する兆しが出始めたものの、当第４四半期連結会計期間には景気の先行き不透明感が強まった影響を受けて仮設機材の発注を先送りする慎重な動きとなりました。」
計画的な購買検討の兆しがある一方、景気の先行き不透明感を受けて第4四半期には仮設機材の発注先送りが生じた。 - FY2026-H1購買回復の兆しAnnual report
「引き続き“購買からレンタルへ”の動きが継続しているものの、建設需要は高水準で堅調に推移しており、大規模な現場においては消耗度が高い鋼製やアルミ製の足場板に購買ニーズが生じているほか、将来の建設計画に備えた計画的調達の兆しも出ており主力製品の「アルバトロス」を中心に販売が増加しました。」
購買からレンタルへの需要変化は継続する一方、大規模現場の足場板や将来計画向けに、計画的な購買・調達の兆しが示された。 - FY2025RestatedAnnual report
「当社グループの建設機材関連事業及びレンタル関連事業においては建設用仮設機材の製造・販売ならびにレンタルを事業としており、当該事業は建設投資動向の影響を受ける傾向にあります。そのため、建設需要の減少や関連価格の大幅な変動が起こった場合は当社グループの業績に影響を及ぼす可能性があります。」
建設投資動向、建設需要の減少、関連価格の大幅変動を事業上の主要リスクとして引き続き明示した。 - FY2025-Q1RestatedAnnual report
「建設及び住宅関連業界においては、堅調な企業収益を背景とした設備投資意欲や政府による国土強靭化の加速化対策などから建設投資の見通しは堅調に推移しています。一方で、人手不足や建設業における労働規制強化による工事遅延、資材価格の高騰などもあり、仮設機材の購入を検討している顧客が機材の購入に代えてレンタルで対応する動きが継続しています。」
建設投資の見通しは堅調としつつ、人手不足、労働規制強化による工事遅延、資材価格高騰および購入からレンタルへの需要変化が継続した。 - FY2024MaterialisedAnnual report
「In the construction and housing-related industries, construction investment remained firm, supported by the recovery in corporate capital investment appetite, which had declined during the COVID-19 pandemic, and the government's national resilience measures. In addition, large-scale redevelopment projects in urban areas are still expected to continue for the next several years. Meanwhile, postponements and delays in construction starts continued from the beginning of the period due to soaring construction material prices, labor shortages and higher labor costs, while customers considering purchasing temporary construction equipment increasingly shifted to rentals instead.」
Although construction investment remained firm, postponements and delays in construction starts continued throughout the year amid soaring material prices, labor shortages and higher labor costs, and the shift in demand from purchases to rentals accelerated. - FY2024-Q3RestatedAnnual report
「In the construction and housing-related industries, construction investment remained firm, supported by the recovery in corporate capital investment appetite, which had declined during the COVID-19 pandemic, and the government's measures to accelerate national resilience initiatives. Meanwhile, delays in construction starts that had continued since the beginning of the period showed no sign of easing, and customers considering purchasing temporary construction equipment continued to actively shift to rentals instead.」
Although construction investment was described as firm, delays in construction starts showed no sign of easing, while the shift in demand from purchases to rentals remained active. - FY2024-Q2RestatedAnnual report
「In the construction and housing-related industries, construction investment remained firm, supported by the recovery in corporate capital investment appetite, which had declined during the COVID-19 pandemic, and the government's measures to accelerate national resilience initiatives. Meanwhile, construction starts were delayed due in part to soaring construction material prices and a shortage of workers.」
Although construction investment was described as firm, delays in construction starts due to soaring construction material prices and a shortage of workers continued to be noted. - FY2024-Q1WorsenedAnnual report
「In the construction and housing-related industries, the outlook for construction investment remained firm, supported by the recovery in corporate capital investment appetite, which had declined during the COVID-19 pandemic, and the government's measures to accelerate national resilience initiatives. Meanwhile, construction starts were delayed due in part to a shortage of workers to carry out projects amid high construction demand.」
Although the outlook for construction investment was described as firm, delays in construction starts due in part to a shortage of workers to meet high construction demand were newly identified. - FY2023-Q3RestatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, construction floor area started shifted to substantial year-on-year growth from the summer onward. However, business conditions remained uncertain due to concerns about higher interest rates and material prices.」
While construction floor area started shifted to substantial growth, concerns about higher interest rates and material prices remained, with the previous recovery trend and uncertainty about the demand environment both noted. - FY2023-Q2MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, construction floor area started shifted to substantial year-on-year growth from the summer onward, suggesting brighter prospects for industry demand. However, concerns about the impact of soaring construction material prices on construction costs remained, and difficult business conditions continued.」
Construction floor area started shifted to substantial year-on-year growth from the summer onward, indicating signs of improvement in the risk of declining construction demand. Meanwhile, concerns over costs arising from soaring construction material prices remained. - FY2023-Q1MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, construction floor area started remained firm despite month-to-month fluctuations in year-on-year growth, and gradual improvement in industry demand trends continued.」
Construction floor area started remained firm, and gradual improvement in demand trends in the construction and housing-related industries was described as continuing. - FY2022MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, industry trends showed signs of recovery, including continued year-on-year growth in construction floor area started.」
Continued year-on-year growth in construction floor area started indicated signs of recovery from the stalled construction work and declining demand that had emerged in the previous period. - FY2022-Q2RestatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, industry trends showed signs of recovery, including continued year-on-year growth in construction floor area started.」
Continued year-on-year growth in construction floor area started continued to indicate signs of recovery in the construction and housing-related industries. - FY2022-Q1MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, signs of a recovery are emerging, including continued year-on-year growth in construction floor area started.」
Continued year-on-year growth in construction floor area started indicated signs of recovery in the demand environment for the construction and housing-related industries. - FY2021MaterialisedAnnual report
「Sales of temporary construction equipment remained strong, with robust sales of the SK Panel for expressway repair projects. Sales of the new Albatross scaffolding system also began to increase, and sales of new products grew steadily, but these gains were insufficient to offset the impact of stalled construction work through the second quarter.」
The impact of stalled construction work materialized as a 13.2% year-on-year decline in full-year sales in the construction equipment-related business. - FY2021-Q3MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, the year-on-year decline in construction floor area started, which had remained in the double digits through the second quarter, narrowed to the single digits by the third quarter. As delayed private-sector new project starts began to recover, the utilization rate of temporary construction equipment, which had been sluggish, also began to rise.」
The year-on-year decline in construction floor area started narrowed from the double digits to the single digits, and new project starts and temporary construction equipment utilization began to recover. - FY2021-Q2MaterialisedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, some construction projects were suspended or delayed in the first quarter. Through the second quarter, the postponement of new project starts expanded amid uncertainty over private construction investment plans, and the decline in construction floor area started continued to exceed 10% year on year, making conditions increasingly difficult.」
In addition to suspensions and delays in construction work, the postponement of new project starts expanded, and the decline in construction floor area started continued to exceed 10% year on year. - FY2021-Q1MaterialisedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, some construction projects were suspended or delayed, while voluntary restrictions aimed at preventing the spread of infection across a broad range of industries, including retail and food services, became a major constraint on business activity.」
Suspensions and delays in construction work and voluntary restrictions across a broad range of industries actually occurred, materializing as constraints on construction demand and business activity. Meanwhile, demand for social infrastructure renovation was described as firm. - FY2020RestatedAnnual report
「Although construction demand in the construction and housing-related industries, which are the Group's principal related industries, was affected by the spread of COVID-19, medium-term construction investment is expected to remain firm, supported by latent demand for the renovation and maintenance of aging social infrastructure and redevelopment projects in the Tokyo metropolitan area and major cities.」
While acknowledging the impact of the spread of COVID-19, the explanation indicated an expectation that medium-term construction investment would remain firm, supported by the renovation and maintenance of social infrastructure and urban redevelopment. - FY2020-Q3RestatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, construction work related to the Tokyo Olympic and Paralympic Games was gradually being completed, while construction demand for redevelopment projects in the Tokyo metropolitan area and major cities and the renovation and maintenance of social infrastructure was expected to remain firm.」
While construction work related to the Tokyo Olympic and Paralympic Games was gradually completed, redevelopment in major cities and the renovation and maintenance of social infrastructure were expected to support future demand, and the outlook for firm construction demand was maintained. - FY2020-Q2RestatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, a firm construction demand environment is expected to continue, supported by the renovation and maintenance of aging social infrastructure and redevelopment projects in the Tokyo metropolitan area and major cities, even as construction work related to the Tokyo Olympic and Paralympic Games approaching in 2020 enters its final stages.」
While construction work related to the Tokyo Olympic and Paralympic Games entered its final stages, continued firm construction demand was expected, supported by renovation and maintenance of social infrastructure and redevelopment projects in major cities. - FY2020-Q1RestatedAnnual report
「While construction work related to the Tokyo Olympic and Paralympic Games approached its final stages, both public- and private-sector construction investment remained firm, supported by the renovation and maintenance of aging social infrastructure and redevelopment projects in the Tokyo metropolitan area and major cities, maintaining a favorable business environment.」
While construction work related to the Tokyo Olympic and Paralympic Games entered its final stages, renovation and maintenance of social infrastructure and urban redevelopment supported demand, maintaining favorable conditions in the construction and housing-related industries. - FY2019RestatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, the order environment remained favorable, supported by continued robust private capital investment, large-scale construction projects in the Tokyo metropolitan area and rising construction demand toward the Tokyo Olympic and Paralympic Games.」
The explanation that the order environment remained favorable continued, supported by private capital investment, large-scale construction projects and demand toward the Tokyo Olympic and Paralympic Games. - FY2019-Q3RestatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, the order environment remained favorable, supported by continued robust private capital investment, large-scale construction projects in the Tokyo metropolitan area and rising construction demand toward the Tokyo Olympic and Paralympic Games.」
The explanation that the order environment in the construction and housing-related industries remained favorable continued, supported by private capital investment, large-scale construction projects and demand toward the Tokyo Olympic and Paralympic Games. - FY2019-Q2RestatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, the order environment remained firm, supported by continued robust private capital investment, large-scale construction projects in the Tokyo metropolitan area and construction demand related to the Tokyo Olympic and Paralympic Games.」
The explanation that the order environment in the construction and housing-related industries remained firm continued, supported by private capital investment, large-scale construction projects and demand related to the Tokyo Olympic and Paralympic Games. - FY2018MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, private capital investment increased against a backdrop of improved corporate earnings. The business environment remained firm, supported by the full-scale commencement of large-scale construction projects in the Tokyo metropolitan area and rising construction demand toward the Tokyo Olympic and Paralympic Games.」
The construction demand environment was described as firm, driven by increased private capital investment, the full-scale commencement of large-scale construction projects and demand toward the Tokyo Olympic and Paralympic Games. - FY2018-Q3MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, private capital investment increased against a backdrop of improved corporate earnings. The business environment remained firm, supported by the full-scale commencement of large-scale construction projects in the Tokyo metropolitan area and rising construction demand toward the Tokyo Olympic and Paralympic Games.」
The construction demand environment was described as firm, driven by increased private capital investment, the full-scale commencement of large-scale construction projects and rising construction demand toward the Tokyo Olympic and Paralympic Games. - FY2018-Q2MitigatedAnnual report
「In the construction and housing-related industries, which are the Group's principal related industries, private capital investment showed signs of recovery against a backdrop of improved corporate earnings. The business environment remained firm, supported by the full-scale commencement of large-scale construction projects in the Tokyo metropolitan area and rising construction demand toward the Tokyo Olympic and Paralympic Games.」
The construction and housing-related industries saw a recovery in private capital investment, the full-scale commencement of large-scale construction projects and demand toward the Tokyo Olympic and Paralympic Games, and the construction demand environment was described as firm. - FY2018-Q1MitigatedAnnual report
「Sales of the new Albatross scaffolding system and aluminum work platforms remained strong, supported by robust demand for social infrastructure repair and maintenance, earthquake-resistance and renovation projects, and an active investment stance among rental companies.」
Demand for social infrastructure and related areas remained firm, and rental companies were described as taking an active investment stance. The pause in purchasing appetite seen in the previous period was not evident this quarter. - FY2017RestatedAnnual report
「Demand for the renovation and maintenance of social infrastructure, seismic reinforcement and remodeling work remained firm, but sales struggled to grow because rental companies' willingness to purchase stalled at the beginning of the period.」
Although demand for social infrastructure and related areas was described as firm, the stagnation in rental companies' willingness to purchase was confirmed as sluggish full-year sales in the construction equipment-related business. - FY2017-Q3WorsenedAnnual report
「Demand for the renovation and maintenance of social infrastructure, seismic reinforcement and remodeling work remained firm, but sales struggled to grow due in part to inventory adjustments by rental companies, the main sales channel.」
While demand for social infrastructure and related areas remained in place, the impact of inventory adjustments by rental companies materialized as sluggish sales in the construction equipment-related business. - FY2017-Q2MitigatedAnnual report
「The outlook remains favorable, supported by demand for the renovation and maintenance of social infrastructure and a recovery in private residential investment.」
Against the risk of declining construction demand, continued demand for social infrastructure and a recovery in private residential investment were indicated, relatively reducing the concerns about the demand environment noted in the previous fiscal year. - FY2016First statedAnnual report
「Although the industry has contracted since the bubble economy, if construction demand declines more than anticipated or related prices fluctuate significantly, the Group’s results may be affected.」
For the temporary scaffolding equipment business, the Group identifies declining demand and price volatility as risks against a backdrop of long-term industry contraction.