Risk of the Chronic Shortage of Construction Workers and Persistently Rising Construction Material and Labor Costs
First written in FY2017-Q1. 7 of 10 entries say "Restated". Latest entry: FY2020-Q1.
The whole theme swung hardest in 2022: 17 of 27 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is concluded that there has been no material change in the risks related to the shortage of construction workers and increases in construction material and labor costs. - FY2019RestatedAnnual report
「The outlook remains uncertain due to risks including the US administration's strongly protectionist trade policies, US-China trade friction, and rising personnel expenses resulting from tight labor demand.」
The previously less prominent references to tight labor supply and demand and rising personnel expenses have again been explicitly identified as risk factors in the external economic environment. - FY2018SoftenedAnnual report
「In the housing market, where our Group focuses its business, new housing starts in fiscal 2017 declined for the first time in 3 years. Although detached housing increased, condominiums declined for the second consecutive year, resulting in an overall decline in housing for sale, and conditions remain difficult.」
The difficult conditions in the housing market continue to be described, but the previous explicit references to the chronic shortage of construction workers and increases in construction material and labor costs are not reiterated in this description. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is concluded that there has been no material change in the risks related to the shortage of construction workers and increases in construction material and labor costs. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is concluded that there has been no material change in the risks related to the shortage of construction workers and increases in construction material and labor costs. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It is concluded that there has been no material change in the risks related to the shortage of construction workers and increases in construction material and labor costs. - FY2017WorsenedAnnual report
「Given expectations of a prolonged population decline in Japan due to the declining birthrate and aging population, as well as a decline in housing starts caused by a chronic shortage of skilled tradespeople, we believe that the operating environment for our Group remains difficult to view optimistically.」
The outlook explicitly states that the shortage of construction workers could become a factor behind a long-term decline in housing starts, rather than remaining merely a cost or supply constraint, broadening the scope of the risk's impact. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is concluded that there has been no material change in the risks related to the shortage of construction workers and increases in construction material and labor costs. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is concluded that there has been no material change in the risks related to the shortage of construction workers and increases in construction material and labor costs. - FY2017-Q1First statedAnnual report
「The business environment remains difficult due to the chronic shortage of construction workers and persistent increases in construction material and labor costs.」
The chronic shortage of construction workers and increases in construction material prices and labor costs were identified as new risks in the operating environment. The main text states that these factors have already emerged as a difficult business environment.