Demand fluctuations driven by public and private investment
First written in FY2016. 11 of 29 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-08-21.
Onoken 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 2020: 23 of 41 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「While a certain number of large-scale projects, including redevelopment projects and logistics facilities, were seen in urban areas, demand generally continued to stagnate, particularly for small- and medium-sized projects, due to investment adjustments related to the impact of U.S. tariffs and other factors, rising construction costs and labor shortages.」
Regarding demand volatility, it stated that demand for small- and medium-sized projects continued to stagnate against a backdrop of investment adjustments related to the impact of U.S. tariffs and other factors, rising construction costs and labor shortages. - FY2026-H1WorsenedAnnual report
「Moreover, labor shortages in the facilities construction-related industry, commonly known as the subcontracting sector, have become evident, and construction delays and postponements of commencement have occurred frequently.」
The risk of demand volatility has materialized in the form of construction delays and postponed commencement due to labor shortages in the facilities construction-related industry. - FY2025WorsenedAnnual report
「Domestic demand varies significantly by region, and differences in demand also exist across other customer industries and business sectors. Overall, demand has remained sluggish, although it has not experienced an extreme downturn.」
It states that demand disparities by region, industry and business sector and sluggish demand have continued. - FY2025-H1WorsenedAnnual report
「Domestic demand varies significantly by region and industry and business sector. In the construction-related sector in particular, demand is notably skewed, with a very large number of large-scale construction projects while demand for small- and medium-sized construction projects remains subdued due in part to persistently high construction costs.」
In addition to demand differences by region, industry and business sector, it was stated more clearly that demand was skewed toward large-scale construction projects against a backdrop of persistently high construction costs, while demand for small- and medium-sized projects remained sluggish. - FY2024-Q3Demand disparities by region and project despite overall stabilityAnnual report
「In the steel and construction-materials distribution industry to which our group belongs, domestic demand trends vary by industry, business sector and region, but overall remained broadly at the same level as in the previous fiscal year.」
It was stated that domestic demand overall was broadly at the same level as in the previous fiscal year, while differences by industry, business sector and region remained. - FY2024-Q2WorsenedAnnual report
「Domestic demand varies by industry and business sector. In the construction-related sector in particular, demand is notably skewed, with a very large number of large-scale construction projects while demand for small- and medium-sized construction projects remains subdued.」
Compared with the previous quarter, when signs of a demand recovery had been indicated, the description more clearly stated that demand in the construction-related sector was skewed toward large-scale construction projects, while demand for small- and medium-sized projects remained subdued. - FY2024-Q1Signs of demand recovery accompanying the resumption of economic activityAnnual report
「In the steel and construction-materials distribution industry to which our group belongs, demand trends vary by the industries and regions of our customers, but signs of a recovery in demand accompanying the resumption of economic activity have begun to emerge.」
It states that, although differences in demand by industry and region remain, signs of a recovery in demand accompanying the resumption of economic activity have begun to emerge. - FY2023-Q3Expected recovery in demand accompanied by regional disparitiesAnnual report
「Demand is also gradually expected to recover as economic activity picks up, but the situation remains uncertain, with large regional disparities and considerable variation in the pace of recovery.」
It states that demand is expected to recover as economic activity picks up, but that regional disparities are significant and the pace of recovery varies. - FY2023-Q2RestatedAnnual report
「In the steel and construction-materials distribution industry to which our group belongs, domestic demand trends vary by industry and business sector but have remained without an extreme downturn.」
The company has reaffirmed its view that, although domestic demand varies by industry and business sector, it has remained without an extreme downturn. - FY2023-Q1MitigatedAnnual report
「Steel product market conditions had risen sharply under the leadership of steelmakers due to surging prices for iron ore, steel scrap and other raw materials used to produce steel products, as well as higher electricity charges. More recently, however, the steel market outlook has become uncertain, with steel scrap market conditions declining. In the construction-materials sector, although recovery in small- and medium-sized projects has been delayed, a recovery in demand, particularly for large-scale projects, has become evident, creating conditions in which a recovery in demand going forward can be expected.」
It states that, although recovery in small- and medium-sized projects has been delayed, a recovery in demand for construction materials, particularly for large-scale projects, has become evident. Both recovery and delays are indicated in the demand environment. - FY2022MitigatedAnnual report
「In the steel and construction-materials distribution industry to which our group belongs, domestic demand varies by the industries and business sectors of customers, but remained broadly steady despite being sluggish, without any extreme downturn.」
Although differences in demand by industry and sluggish conditions remain, it states that there has been no extreme downturn and that conditions are broadly steady. - FY2022-Q3RestatedAnnual report
「In the steel and construction-materials distribution industry to which our group belongs, domestic demand remained sluggish but did not experience an extreme downturn.」
The company has reaffirmed its view that domestic demand is sluggish but has not reached the point of an extreme downturn. - FY2022-Q2RestatedAnnual report
「In the steel and construction-materials distribution industry to which our group belongs, domestic demand has remained sluggish but has not experienced an extreme downturn.」
The company has reaffirmed its view that domestic demand is sluggish but has not reached the point of an extreme downturn. - FY2022-Q1MitigatedAnnual report
「In the steel and construction-materials distribution industry to which our group belongs, demand trends vary by the industries and business sectors of our customers, but overall business has progressed broadly steadily, albeit sluggishly, without any extreme downturn.」
Although demand trends continue to differ by industry, it was stated that there had been no extreme downturn and that conditions were broadly steady despite remaining sluggish. Compared with the decline in small- and medium-sized projects and weakness in tourism-related demand through the immediately preceding period, the description of overall industry demand was somewhat more measured. - FY2021-Q3Decline in small- and medium-sized projects due to weakness in tourism-related demand, while large-scale projects continuedAnnual report
「Sales to the construction-related industries that are our main customers declined for small- and medium-sized projects due to the impact of construction postponements and project cancellations involving hotels, commercial facilities and other properties, as tourism-related demand weakened mainly because of the sharp decline in inbound demand. Sales for large-scale projects that have continued since the previous fiscal year, as well as for logistics facilities, remained broadly on schedule.」
While small- and medium-sized projects involving hotels, commercial facilities and other properties declined due to lower inbound demand and weakness in tourism-related demand, large-scale projects and logistics facilities remained broadly on schedule. - FY2021-Q2Small and medium-sized projects declined, while large projects performed as expectedAnnual report
「Although orders for small and medium-sized projects in the construction-related industry, the Company's main sales market, temporarily declined due to uncertainty about the outlook at the beginning of the fiscal year, large projects progressed broadly as expected.」
The filing states that orders for small and medium-sized projects in the construction-related industry temporarily declined, while large projects progressed broadly as expected. It shows both deterioration and resilience in the demand environment. - FY2021-Q1WorsenedAnnual report
「Although large projects for the construction-related industry, the Company's main sales market, continued to progress smoothly despite regional differences, new projects, particularly small and medium-sized ones, declined, and the market contracted. As a result, steel product prices entered a declining phase.」
The filing states that large projects remained on track, while new projects, particularly small and medium-sized ones, declined, resulting in a contracting market and a downturn in steel product prices. The adverse impact of demand fluctuations has become concrete. - FY2020WorsenedAnnual report
「Declining sales due to weak performance at customers, including export-related companies」
In connection with the novel coronavirus disease, declining sales due to weak performance at customers, including export-related companies, were explicitly identified as a risk factor. - FY2020-Q3RestatedAnnual report
「Demand weakness became apparent as uncertainty about the outlook for export-related industries increased」
The filing reiterates its view that weak demand in export-related industries has become apparent. Meanwhile, the construction-related industry, the Company's main sales market, is described as remaining firm. - FY2020-Q2WorsenedAnnual report
「Demand weakness became apparent as uncertainty about the outlook for export-related industries increased」
The filing states that demand weakness resulting from increasing uncertainty about the outlook for export-related industries became apparent in the business environment during the quarter. Meanwhile, the construction-related industry, the Company's main sales market, is described as firm. - FY2020-Q1MaterialisedAnnual report
「Although the construction-related industry, the Company's main sales market, remained firm, new projects declined due to seasonal factors at the beginning of the fiscal year, and steel prices had recently weakened amid sluggish demand. The Company therefore worked actively to secure earnings.」
The filing states that the construction-related industry remained firm, while new projects declined due to seasonal factors and demand had recently weakened, showing how demand fluctuations were reflected in the actual business environment. - FY2019-Q3RestatedAnnual report
「Revenue for the third quarter cumulative period was ¥169,055 million, up 15.3% year on year, due to higher sales volumes and rising steel product market conditions in the steel product sales business compared with the previous fiscal year.」
The impact of changes in sales volume and steel prices on net sales was reflected in an increase in net sales during the quarter. - FY2019-Q2RestatedAnnual report
「Net sales for the cumulative second quarter of the fiscal year increased to ¥108,148 million, up 16.4% year on year, in the steel products sales business, due to an increase in sales volume and higher steel prices.」
The impact of changes in sales volume and steel prices on net sales was reflected in an increase in net sales during the quarter. - FY2018MaterialisedAnnual report
「Net sales increased from the previous fiscal year due to higher steel prices and an increase in sales volume.」
The impact of changes in demand trends and market conditions on net sales was reflected in the increase in net sales during the fiscal year. - FY2016First statedAnnual report
「The Company's main customers are construction-related businesses, machinery manufacturers and others, and demand tends to be significantly affected by fluctuations in public investment and private-sector capital expenditure and residential investment.」
The filing shows that sales to the construction and machinery manufacturing industries depend on fluctuations in public investment, capital expenditure and residential investment.