Price competition and declining contract prices resulting from the scaling back of public works
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 21 of 35 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If the budget for public works is cut more sharply than expected by our group, this could intensify price competition with other companies in the same industry. If contract prices decline, this could have a material impact on our group’s operating results and financial position.」
The risks of cuts to public works budgets, price competition and lower contract prices continue to be disclosed. - FY2024-Q3MaterialisedAnnual report
「Meanwhile, construction costs rose substantially and the difficult operating environment continued as construction materials became more expensive and competition for contracts intensified amid overseas conditions and the weaker yen.」
The company stated that construction costs rose substantially because of higher construction material prices and intensified competition for contracts, indicating that pricing and cost pressures had materialised in the construction sector. - FY2023RestatedAnnual report
「If the budget for public works is cut more sharply than expected by our group, this could intensify price competition with other companies in the same industry. If contract prices decline, this could have a material impact on our group’s operating results and financial position.」
The risks of cuts to public works budgets, price competition and lower contract prices continued to be disclosed. - FY2022RestatedAnnual report
「If the budget for public works is cut more sharply than expected by our group, this could intensify price competition with other companies in the same industry. If contract prices decline, this could have a material impact on our group’s operating results and financial position.」
The risks of cuts to public works budgets, price competition and lower contract prices continued to be disclosed. - FY2021First statedAnnual report
「If the budget for public works is cut more sharply than expected by our group, this could intensify price competition with other companies in the same industry. If contract prices decline, this could have a material impact on our group’s operating results and financial position.」
The company indicates that cuts to public investment budgets could affect operating results through intensified competition and lower contract prices.