Unsuccessful or No-Bid Tenders Due to Shortages of Skilled Construction Workers and Cautious Capital Investment
First written in FY2020-Q2. 5 of 10 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-10-09.
Giken moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「At the same time, customers remained cautious about capital investment because of higher construction costs, the resulting decline in construction volumes and a shortage of skilled workers.」
Customers have continued to take a cautious stance on capital investment amid higher construction costs, lower construction volumes and shortages of skilled construction workers. - FY2025WorsenedAnnual report
「However, rising construction costs, the resulting decline in construction volumes, and shortages of skilled workers dampened users’ capital investment, and their impact on sales of standard machines also began to emerge.」
Shortages of skilled construction workers and rising costs cooled users' appetite for capital investment, with the impact emerging in sales of general-purpose machines. - FY2025-H1WorsenedAnnual report
「Amid a challenging operating environment, users’ appetite for capital investment declined sharply, leading us to lower our earnings forecast in February.」
The company explained that rising labour costs and other expenses significantly cooled users' appetite for capital investment, resulting in a downward revision to its earnings forecast. - FY2024WorsenedAnnual report
「The construction market faces major challenges from a declining working-age population and rising labour costs, creating strong demand for construction methods and machinery that reduce labour requirements and improve productivity.」
In addition to the declining working-age population, rising labour costs and worker shortages were identified as major challenges in the construction market, creating pressure for development and productivity improvements separate from the previously cited unsuccessful tenders and caution over capital investment. - FY2022MitigatedAnnual report
「Domestic public investment remained firm, private-sector construction investment continued to show signs of recovery, and customers' appetite for capital investment remained solid.」
The company indicated a recovery in private-sector construction investment and firmer customer capital investment appetite, following earlier declines in private investment and greater customer caution over capital investment. At the same time, uncertainty from higher raw material and energy costs remains. - FY2020WorsenedAnnual report
「Our Group is working on the conversion of its business into a global engineering company that designs construction projects from the ground up as its highest-priority issue. During the consolidated fiscal year, however, its activities remained limited and were forced to stagnate because of restrictions on activity, including mandatory work-from-home arrangements, requests to refrain from travel, and entry restrictions associated with the global spread of COVID-19.」
For the full fiscal year, the company reported that overseas expansion and proposal activities were limited and stagnated because of shortages of skilled workers, greater caution over capital investment, restrictions on activity and travel, and entry restrictions. - FY2020-Q3WorsenedAnnual report
「The business has been affected, albeit to a limited extent, by temporary construction stoppages, extended construction periods and postponed orders associated with the spread of COVID-19. In addition, customers have become more cautious about capital investment because of shortages of skilled construction workers and concerns about a post-Tokyo Olympics decline in demand, increasing uncertainty about the outlook.」
In addition to the existing shortages of skilled construction workers and concerns about post-Olympics demand, COVID-19 has affected construction and orders, increasing uncertainty in the capital investment environment. - FY2020-Q2First statedAnnual report
「Capital investment showed a cautious trend amid uncertainty about the outlook, including an increase in unsuccessful and failed tenders due to shortages of skilled construction workers and trends in investment and demand after the Tokyo Olympic and Paralympic Games.」
The company separately identified, for the first time, the increase in unsuccessful and failed tenders due to shortages of skilled construction workers and uncertainty about post-Olympics investment and demand as business conditions restraining capital investment.