Uncertainty over Project Start Dates and Construction Periods, and Delays in Construction Progress
First written in FY2016. 18 of 33 entries say "Restated". Latest entry: 2026-10-30.
Marufuji Sheet Piling moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 13 of 27 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026RestatedAnnual report
「It is necessary to continue monitoring the occurrence of delays in construction starts and progress due to factors including persistently high steel prices, rising labor costs and higher construction costs resulting from the application of overtime caps,」
It continues to state that higher construction costs and overtime regulations could result in delays in construction starts and progress. - 2026-05-14WorsenedEarnings
「In addition, concerns remain over project reviews and delays resulting from the chronic labor shortage in the construction industry and the impact of applying upper limits on overtime work, and profitability is expected to become increasingly challenging.」
Concerns over project reviews and delays are explicitly identified in the outlook for the following fiscal year as well. - FY2026-H1WorsenedAnnual report
「On the other hand, in addition to tight labor supply and demand due to shortages of skilled workers and persistently high raw-material prices, the application of limits on overtime work is expected to accelerate labor shortages. Concerns have arisen over further increases in construction costs and the revision or delay of construction projects, and profitability is expected to become even more challenging.」
It expressly identifies the risk relating to construction starts, project durations and progress that labor shortages could accelerate due to the application of overtime caps, raising concerns over project revisions and delays. - FY2024WorsenedAnnual report
「In the construction industry in which our Group operates, shortages of engineers and skilled workers may result in delayed construction starts and project plan revisions, which could affect business performance.」
It expressly identifies the relationship between shortages of engineers and skilled workers and delayed construction starts and project plan revisions as a key risk. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing business and other risks, including uncertainty over construction start dates and project durations and delays in construction progress. - FY2024-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes in existing business and other risks, including uncertainty over construction start dates and project durations and delays in construction progress. - FY2023-Q3WorsenedAnnual report
「There remains concern that the revision of capital investment plans due to factors such as higher construction costs could lead to delays in contracted construction projects, among other effects.」
It expressly identifies the concern that revisions to capital investment plans could lead to delays in contracted construction projects as a risk relating to construction timing and progress. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing business and other risks, including uncertainty over construction start dates and project durations and delays in construction progress. - FY2022-Q3MaterialisedAnnual report
「In the construction industry in which our Group operates, the recovery in capital investment slowed, while delays in procuring equipment and materials and shortages of engineers also had an impact, resulting in extensions to project durations and delays in construction starts.」
It states that extensions to project durations and delays in construction starts were actually observed against a backdrop including delays in procuring equipment and materials and shortages of engineers. - FY2022-Q2RestatedAnnual report
「In the construction industry in which our Group operates, delays in construction starts and progress were observed due to factors including delays in procuring equipment and materials, and some projects also required schedule revisions.」
It continues to state that delays in construction starts and progress and schedule revisions have occurred due to delays in procuring equipment and materials. - FY2022-Q1RestatedAnnual report
「The construction industry in which our group operates was also unable to avoid the impact of the COVID-19 pandemic. Delays to the start and progress of construction projects, mainly in private-sector capital investment, were observed, and plans were revised in some cases.」
It continues to state that delays in construction starts and progress and project plan revisions have actually occurred. - FY2021-Q3RestatedAnnual report
「The construction industry in which our group operates was also unable to avoid the impact of the COVID-19 pandemic. In addition to difficulties securing workers, equipment and materials, uncertainty about the economic outlook resulted mainly in delays to the start and progress of construction projects related to private-sector capital investment, as well as the revision of plans in some cases.」
It continues to state, as in the previous quarter, that delays in construction starts and progress and project plan revisions have occurred. - FY2021-Q2RestatedAnnual report
「The impact of COVID-19 was unavoidable. In addition to the difficulty of securing workers, equipment and materials, uncertainty over the economic outlook led mainly to delays in construction starts and progress, as well as some project plan revisions, primarily in private-sector capital investment projects.」
It continues to state, as in the previous quarter, that delays in construction starts and progress and project plan revisions have actually occurred. - FY2021-Q1MaterialisedAnnual report
「Although some construction sites were closed following the declaration of a state of emergency in response to the impact of COVID-19, construction subsequently began to resume. However, the impact of COVID-19 was substantial. In addition to the difficulty of securing workers, equipment and materials, uncertainty over the economic outlook was unavoidable, resulting mainly in delays to construction starts and progress, as well as some project plan revisions, primarily in private-sector capital investment projects.」
It states that the previously recognized risks of delayed construction starts and progress materialized in the form of site closures, delayed starts, delays in progress and project plan revisions following the declaration of a state of emergency. - FY2020MaterialisedAnnual report
「The construction industry was also affected by measures such as the temporary suspension of construction from mid-April to early May 2020 following the government's declaration of a state of emergency. Delays in construction progress and project starts remain a concern, and profitability in new orders is expected to come under increasing pressure.」
It states that the previously recognized risks of delayed construction starts and progress materialized in the form of temporary construction suspensions following the government's declaration of a state of emergency. - FY2020-Q3RestatedAnnual report
「During the cumulative consolidated period of the third quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing business and other risks, including construction start dates, project durations and delays in progress. - FY2020-Q2RestatedAnnual report
「During the cumulative consolidated period of the second quarter, there were no material changes in unusual fluctuations, etc., in financial position, operating results or cash flows, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in existing business and other risks, including construction starts, project durations and delays in progress. - FY2020-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
It states that there have been no new risks or material changes in existing business and other risks, including uncertainty over construction start dates and project durations and delays in construction progress. - FY2019WorsenedAnnual report
「Concerns remain that the impact of declining reconstruction demand in the Tohoku region, delays in construction progress due to additional site holidays, chronic labor shortages and the resulting increases in labor and transportation costs, and persistently high steel prices will continue. Accordingly, challenging profitability in order intake is expected to persist.」
It newly identifies the increase in site holidays as a factor behind delays in construction progress and states that profitability will remain challenging. - FY2019-Q3RestatedAnnual report
「In addition, construction progress, higher labor and transportation costs resulting from labor shortages, and persistently high steel prices affect profitability in order intake.」
Construction progress, rising costs, and persistently high steel prices continue to be identified as factors affecting order profitability. - FY2019-Q2RestatedAnnual report
「In addition, delays in construction progress, labor shortages, and rising steel prices and transportation costs, among other factors, directly contribute to challenging profitability in order intake.」
Delays in construction progress continue to be explicitly identified as a factor directly affecting order profitability, as in the previous quarter. - FY2019-Q1Renewed reference to delays in construction progressAnnual report
「In addition, delays in construction progress, labor shortages, and rising steel prices and transportation costs, among other factors, directly contribute to challenging profitability in order intake.」
Delays in construction progress, which were not directly referenced in the previous year's securities report, are again explicitly identified as a factor directly contributing to challenging profitability. - FY2018DroppedAnnual report
「In addition, chronic labor shortages and rising steel prices and transportation costs directly contribute to challenging profitability in order intake.」
The current fiscal year's business and other risks and management analysis contain no direct reference to the previously described uncertainty over construction start dates and project durations or to delays in construction starts and progress. - FY2018-Q3RestatedAnnual report
「The business environment surrounding the construction industry is expected to remain firm, supported by rising construction demand in major metropolitan areas and recovery from delays in construction starts and related issues. However, challenging profitability in order intake is expected to continue due to labor shortages and further increases in steel prices, among other factors.」
It maintains the outlook that delays in construction starts and related issues are expected to recover. - FY2018-Q2RestatedAnnual report
「The business environment surrounding the construction industry is expected to remain firm, supported by rising construction demand in major metropolitan areas and recovery from delays in construction starts and related issues. However, challenging profitability in order intake is expected to continue due to labor shortages and further increases in steel prices, among other factors.」
It again indicates the outlook that recovery from delays in construction starts and related issues is expected. - FY2018-Q1MitigatedAnnual report
「The construction industry is expected to see steady construction investment, driven by rising construction demand in major metropolitan areas and recovery from delays in project starts. However, difficult conditions for order profitability, including persistently high labor costs and further increases in steel prices, are expected to continue.」
It states that recovery from delays in construction starts and related issues is expected, indicating an outlook for reduced risk of delays in construction starts and project durations. - FY2017WorsenedAnnual report
「However, shortages of engineers, persistently high labor costs, delays in project starts and construction progress continued, while steel prices also continued to rise gradually.」
Although shortages of skilled workers and others had been described as easing through the previous quarter, the full-year disclosure states that shortages of engineers and delays in construction starts and progress continued, indicating increased uncertainty regarding supply and construction progress. - FY2017-Q3RestatedAnnual report
「Although shortages of skilled workers, construction equipment and materials, and vehicles eased, persistently high labor costs and delays in construction starts and progress continued, while increases in steel prices also became pronounced.」
It explains that, although shortages of skilled workers, construction equipment and materials, and vehicles eased, delays in construction starts and progress continued. - FY2017-Q2RestatedAnnual report
「Although shortages of skilled workers, construction equipment and materials, and vehicles eased, persistently high labor costs, delays in construction starts, and delays in progress continued to be observed.」
While shortages of skilled workers, construction equipment and materials, and vehicles eased, delays in construction starts and progress continued to occur. - FY2017-Q1RestatedAnnual report
「Although shortages of skilled workers, construction equipment and materials, and vehicles eased somewhat, the trend toward persistently high labor costs continued, and uncertain conditions were observed, including declines in public investment and delays in construction starts and progress.」
It explains that uncertain conditions, including delays in construction starts and progress, continued. Meanwhile, it states that the perceived shortages of skilled workers, construction equipment and materials, and vehicles eased somewhat. - FY2016First statedAnnual report
「In addition, many projects have unclear construction start dates and project durations, and these external factors could have a significant impact on operating performance.」
The explanation of performance for the current fiscal year also states that the impact of delays in starting and progressing contracted construction projects could not be fully absorbed.