Risk of declining performance in the press-in construction business as major disaster-prevention projects wind down or are completed

「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.」

「As 10 years have passed since the Great East Japan Earthquake and reconstruction projects and construction related to measures against Nankai Trough earthquakes have reached a lull, the number of large-scale construction projects declined compared with the previous fiscal year.」

「The Implant method has been widely adopted for coastal embankments, river revetments, flood-control facilities, road restoration, landslide countermeasures, quay improvements at port facilities, and expressway extensions and improvements, for purposes including urgent and difficult disaster recovery, important disaster-prevention and disaster-mitigation measures, measures addressing aging infrastructure, and the enhancement of transport networks. Although the work progressed efficiently, domestic large-scale construction projects declined compared with the same quarter of the previous year, resulting in sales of ¥5,753 million, down 24.4% year on year, and segment profit of ¥862 million, down 37.1%.」

「As disaster recovery work following the Great East Japan Earthquake was winding down and measures along the Kochi coast had reached a certain level of completion, the company was entering a period of progressively shifting to new businesses. During the cumulative second quarter of the fiscal year, the press-in construction business reported sales of ¥3,796 million, down 4.3% year on year, and segment profit of ¥533 million, down 10.3%.」