Impact of Delays in Ordering and Commencing Large-Scale Projects on the Press-In Construction Business
First written in FY2018-Q2. 8 of 13 entries say "Materialised", first in FY2018-Q2. Latest entry: 2026-10-09.
Giken moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2026: 10 of 22 companies on the "Worse" side.
14 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「However, the number of construction projects declined from the previous year due to a pullback from the previous year’s high level of construction revenue and delays in starting construction.」
The number of press-in construction projects actually declined due to the pullback from the high level of construction activity and delays in starting construction. - FY2025-H1MaterialisedAnnual report
「However, the number of construction projects declined from the previous year due to a pullback from the previous year’s high level of construction revenue and delays in starting construction.」
In the press-in construction business, a pullback from the previous year’s high level of construction activity and delays in starting construction occurred, reducing the number of projects. Revenue was ¥3,709 million and operating profit was ¥506 million. - FY2024Continued revenue and profit growth through domestic development-type projectsAnnual report
「As orders for development-type projects in Japan remained firm, revenue from the press-in construction business was ¥8,540 million, up 0.2% year on year, and segment profit was ¥1,161 million, up 32.7%.」
Despite the impact of the reduction in overseas consolidated subsidiaries and other factors, orders for domestic development-type projects drove a 32.7% year-on-year increase in segment profit in the press-in construction business. - FY2024-Q3Recovery to revenue and profit growth through domestic development-type projectsAnnual report
「Although the reduction of 1 overseas consolidated subsidiary in June 2023 had an impact, orders for development-type projects in Japan remained firm. As a result, revenue from the press-in construction business was ¥6,980 million, up 6.6% year on year, and operating profit was ¥1,126 million, up 35.5%.」
While the impact of the reduction in overseas consolidated subsidiaries remained, firm orders for domestic development-type projects enabled the press-in construction business to return to revenue and profit growth from the declines recorded in the previous year. - FY2024-Q1Revenue and profit decline due to a reduction in consolidated subsidiaries and low-margin projectsAnnual report
「However, revenue from the press-in construction business was ¥2,137 million, down 13.0% year on year, partly due to the reduction of 1 consolidated subsidiary overseas. Operating profit was ¥299 million, down 28.5%, due to the small number of high-margin projects and higher personnel expenses.」
In the press-in construction business, revenue and operating profit fell below the previous year’s levels due to the reduction of 1 consolidated subsidiary overseas, a decrease in high-margin projects, and higher personnel expenses. - FY2023-Q3Profit decline due to the completion of overseas projects and a decrease in high-margin construction workAnnual report
「However, revenue was ¥6,548 million, down 7.4% year on year, and segment profit was ¥831 million, down 12.1%, due to the completion of overseas projects constructed in the previous fiscal year and a decline in construction projects with high gross margins.」
Although construction itself progressed smoothly in the press-in construction business, revenue and segment profit declined due to the completion of overseas projects constructed in the previous fiscal year and a decrease in high-gross-margin projects. - FY2022WorsenedAnnual report
「Meanwhile, higher costs resulting from extensions to the schedules of large-scale projects due to adverse weather and other factors reduced profit. Segment profit was ¥948 million, down 23.7%.」
Extensions to the schedules of large-scale projects and higher costs due to adverse weather and other factors actually occurred, resulting in a 23.7% year-on-year decline in segment profit in the press-in construction business. - FY2022-Q1MaterialisedAnnual report
「However, disaster-recovery construction work, including riverbank protection and road projects, declined as some work was postponed due to heavy summer rainfall. Revenue was ¥1,729 million, down 13.4% year on year, and segment profit was ¥97 million, down 75.1%.」
Construction postponements caused by heavy summer rainfall and a decline in disaster-recovery work actually occurred, resulting in lower revenue and segment profit in the press-in construction business. - FY2020-Q3MaterialisedAnnual report
「The quay improvement work at Phase 2 of the Port of Dakar project in the Republic of Senegal has been suspended indefinitely, as the spread of COVID-19 has made it impossible to determine when construction can resume.」
The spread of COVID-19 caused delays to a large overseas construction project, with no prospect of resuming Phase 2 of the Port of Dakar project in Senegal. - FY2018-Q2MaterialisedAnnual report
「Most of the coastal embankment improvement work in Kochi Prefecture to protect against Nankai Trough earthquakes (the “Implant Levee” project) that we were awarded has been completed. We are currently proposing construction methods and pursuing orders for new seismic-resilience projects. Against this backdrop, delays in the ordering and commencement of some large-scale projects resulted in revenue from the press-in construction business of ¥3,966 million, down 4.0% year on year, and segment profit of ¥594 million, down 6.4%.」
The company explained that actual delays in the ordering and commencement of some large-scale projects contributed to the decline in revenue and segment profit in the press-in construction business.