Komori
Kitagawa (6317) · RiskRestated

Decline in domestic construction orders and deterioration in the outlook for the construction industry

First written in FY2019-Q3. 9 of 15 entries say "Restated". Latest entry: FY2025-H1.

15entries
6years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2020-Q3 – FY2021-Q2RestatedFY2022-Q2 – FY2025-H12019: 320192020: 320202021: 420212022: 120222023: 220232024: 22024
Same theme, other companies
Demand and Business Performance Volatility Driven by Changes in Construction InvestmentA theme 59 companies write about · 57 as a headwind · 3 as a tailwind

The whole theme swung hardest in 2020: 28 of 53 companies on the "Worse" side.

25 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 59 companies compared. The sentences above are computed from all 59.
Full recordFilings, disclosures and news, newest first
  1. FY2025-H1RestatedAnnual report

    「The construction industry remained firm, supported by solid public investment and signs of a recovery in private-sector construction investment.」

    It continues to report firm conditions in Japan's construction industry, supported by solid public investment and a recovery in private-sector construction investment.
  2. FY2024-Q3RestatedAnnual report

    「Public investment in Japan's construction industry remained firm, particularly in disaster prevention and mitigation measures and urban development, against the backdrop of the Five-Year Acceleration Plan for Disaster Prevention, Disaster Mitigation and National Resilience. Private-sector construction investment also remained firm overall against a backdrop of strong corporate earnings, despite weakness in some areas.」

    It maintains its view that public investment and private-sector construction investment are firm overall, despite weakness in some areas.
  3. FY2024-Q1RestatedAnnual report

    「Public investment in Japan's construction industry remained firm, particularly in disaster prevention and mitigation measures and urban development, against the backdrop of the Five-Year Acceleration Plan for Disaster Prevention, Disaster Mitigation and National Resilience. Private-sector construction investment also remained on a recovery trend, as investment appetite was strong despite the impact of higher raw-material prices.」

    It continues to report firm public investment and a recovery trend in private-sector construction investment, while stating that the impact of higher raw-material prices remains.
  4. FY2023-Q3RestatedAnnual report

    「Japan's construction industry remained firm, with public-sector construction supported by disaster prevention and mitigation measures and the National Resilience Plan. Private-sector capital investment also remained on a recovery trend, as investment appetite was strong, driven by an increase in urban redevelopment projects and condominium construction plans, despite difficulties in procuring materials.」

    It continues to report firm public-sector construction and a recovery trend in private-sector capital investment, while also noting the impact of difficulties in procuring materials.
  5. FY2022-Q3RestatedAnnual report

    「Public-sector construction remained at a high level, while private-sector capital investment generally remained on a recovery trend. The impact of COVID-19 on industries related to our company was also limited, and conditions remained solid.」

    High levels of public-sector construction, the recovery trend in private-sector capital investment and solid conditions in related industries continue.
  6. FY2022-Q2RestatedAnnual report

    「In Japan's construction industry, public-sector construction remained high and firm, while private-sector capital investment generally remained on a recovery trend. The impact of COVID-19 on industries related to our company was also limited, and conditions remained solid.」

    The firmness of public-sector construction, the recovery trend in private-sector capital investment and solid conditions in related industries continue.
  7. FY2022-Q1MitigatedAnnual report

    「In Japan's construction industry, the impact of COVID-19 was limited, and public-sector construction remained at a high and firm level. Private-sector capital investment also generally remained on a recovery trend.」

    In Japan's construction industry, public-sector construction remained high and firm, while private-sector capital investment generally moved toward recovery, improving the previously uncertain order and investment environment.
  8. FY2021RestatedAnnual report

    「Industries related to our company experienced difficult conditions, with some cancellations of plans and extensions of delivery schedules due to COVID-19, although the impact was limited.」

    While public investment remains firm, industries related to our company have experienced cancellations of plans and extensions of delivery schedules due to COVID-19, and difficult conditions continue in construction-related businesses.
  9. FY2021-Q3RestatedAnnual report

    「Public investment has remained firm in Japan's construction industry, but companies have taken a cautious stance on private-sector capital investment amid declining corporate earnings, and overall construction investment remains uncertain. Industries related to our company have also been affected by COVID-19, resulting in lower orders and extended delivery schedules, and difficult conditions continue.」

    Public investment remains firm, while caution over private-sector capital investment, declining orders, extended delivery schedules and uncertainty over overall construction investment continue.
  10. FY2021-Q2WorsenedAnnual report

    「Public investment has remained firm in Japan's construction industry, but companies have become more cautious about private-sector capital investment against a backdrop of declining corporate earnings, leaving overall construction investment in an uncertain position. Although we had expected the impact of COVID-19 on industries related to our company to be limited, it has begun to affect orders and delivery schedules.」

    While public investment remains firm, private-sector capital investment has become more cautious, and the impact of COVID-19 on orders and delivery schedules has begun to emerge, increasing uncertainty over the construction industry's outlook.
  11. FY2021-Q1WorsenedAnnual report

    「However, the outlook remains uncertain, as some private-sector construction projects are being considered for replanning or postponement.」

    The impact of COVID-19 has prompted consideration of replanning and postponement of private-sector construction projects, increasing uncertainty over the outlook for Japan's construction industry.
  12. FY2020-Q3WorsenedAnnual report

    「In Japan's construction industry, order intake has been trending slightly lower, while revenue remains strong.」

    In Japan's construction industry, revenue remains strong, while order intake is trending slightly lower.
  13. FY2020-Q2RestatedAnnual report

    「In Japan's construction industry, construction investment is expected to increase slightly year on year in fiscal 2019 and remain at the same level in fiscal 2020.」

    It maintains its outlook for domestic construction investment of a slight year-on-year increase in fiscal 2019 and the same level in fiscal 2020.
  14. FY2020-Q1MitigatedAnnual report

    「In Japan's construction industry, construction investment for fiscal 2019 is expected to remain slightly above the previous fiscal year.」

    In contrast to the previously reported decline in orders and worsening outlook for Japan's construction industry, it states that construction investment in fiscal 2019 is expected to increase slightly year on year.
  15. FY2019-Q3First statedAnnual report

    「In Japan's construction industry, orders for construction work from the private sector and other sources, in addition to public-sector orders, began to decline, and the outlook began to show signs of deterioration.」

    It explicitly acknowledged for the first time that orders for public- and private-sector construction in Japan had begun to decline, indicating a worsening outlook.
Moved together

"Securing profits through improved production efficiency and quality control and cost reductions" moved the same way as this thread, in the same document, in 3 of its 15 moves.

333222★123456
  1. ★This thread
  2. 1Securing profits through improved production efficiency and quality control and cost reductions3×
  3. 2Domestic and overseas economic conditions and the risk of an economic slowdown in China and emerging markets3×
  4. 3Strong orders for self-propelled multistory parking structures and expected second-half revenue recognition3×
  5. 4Stable operations at local plants in Mexico, Thailand and China, and the global expansion of the brand2×
  6. 5Foreign exchange fluctuation risk and foreign exchange losses caused by yen appreciation2×
  7. 6Expansion, rationalization and renewal of manufacturing facilities2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Kitagawa yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.