Uncertainty surrounding construction demand due to declining public investment
First written in FY2017-Q1. 23 of 29 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 21 of 39 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Construction demand is expected to remain firm, supported by public investment being advanced by the government, including national resilience measures and infrastructure maintenance, management and aging countermeasures.」
We have reaffirmed the support for construction demand provided by the government's public investment, national resilience measures and infrastructure aging countermeasures. - FY2025-H1RestatedAnnual report
「The business environment surrounding the construction industry is expected to be supported by private-sector capital investment projects such as urban redevelopment, as well as the government's Five-Year Acceleration Measures for Disaster Prevention, Mitigation and National Resilience and other initiatives, and construction demand is expected to remain firm.」
We have reaffirmed our view that construction demand is expected to remain firm, supported by urban redevelopment and the government's disaster prevention and mitigation and national resilience measures. - FY2024-Q3RestatedAnnual report
「The performance of our group is affected by the business environment surrounding the construction industry. At present, a certain level of demand is expected to be secured, supported by large-scale projects such as urban redevelopment projects, as well as disaster prevention and mitigation, the National Resilience Plan, and infrastructure aging countermeasures being advanced by the government in response to large-scale natural disasters.」
We have reaffirmed our view that a certain level of construction demand is expected to be secured by urban redevelopment and the government's disaster prevention and mitigation, national resilience, and infrastructure aging countermeasures. - FY2024-Q2RestatedAnnual report
「A certain level of demand is expected to be secured, supported by large-scale projects such as urban redevelopment, as well as government measures for disaster prevention and mitigation, the national resilience plan, and infrastructure renewal projects to address large-scale natural disasters.」
The filing reaffirms that a certain level of construction demand is expected to be secured through urban redevelopment, government measures for disaster prevention and mitigation, national resilience initiatives, and infrastructure renewal. - FY2024-Q1RestatedAnnual report
「The performance of the Group is affected by the environment surrounding the construction industry. A certain level of demand is expected to be secured, supported by large-scale projects such as urban redevelopment, as well as government measures for disaster prevention and mitigation, the national resilience plan, and infrastructure renewal projects to address large-scale natural disasters.」
The filing reaffirms that a certain level of construction demand is expected to be secured through urban redevelopment, government measures for disaster prevention and mitigation, national resilience initiatives, and infrastructure renewal. - FY2023-Q3RestatedAnnual report
「The construction industry is expected to secure a certain level of demand, supported by large-scale projects such as urban redevelopment, as well as government measures for disaster prevention and mitigation, the national resilience plan, and infrastructure renewal projects to address large-scale natural disasters and support recovery and reconstruction.」
The filing reaffirms that a certain level of demand is expected to be secured through urban redevelopment, government measures for disaster prevention and mitigation, national resilience initiatives, and infrastructure renewal. - FY2023-Q2SoftenedAnnual report
「The construction industry is expected to secure a certain level of demand, supported by large-scale projects such as urban redevelopment, as well as government measures for disaster prevention and mitigation, the national resilience plan, and infrastructure renewal projects to address large-scale natural disasters and support recovery and reconstruction.」
The filing indicates that a certain level of demand is expected to be secured through urban redevelopment, government measures for disaster prevention and mitigation, national resilience initiatives, and infrastructure renewal, suggesting that uncertainty about demand due to declining public investment is easing. - FY2022-Q3RestatedAnnual report
「The performance of the Group is affected by the environment surrounding the construction industry. Demand is currently expected from private-sector capital investment projects, centered on urban redevelopment, and infrastructure development focused on disaster prevention and mitigation to advance the national resilience plan. However, shortages of engineers, delays in procuring equipment and materials, and higher raw material and steel prices are expected to continue causing delays in project starts and construction progress, as well as difficult profitability conditions in competition for orders.」
While demand is expected from urban redevelopment and infrastructure development focused on disaster prevention and mitigation, the filing identifies shortages of engineers, delays in procuring equipment and materials, and delays in project starts and construction progress and deteriorating profitability due to higher prices as sources of uncertainty in the demand environment. - FY2022-Q2RestatedAnnual report
「Demand is expected from private-sector capital investment projects centered on redevelopment in the Tokyo metropolitan area and infrastructure development focused on disaster prevention and mitigation to advance the national resilience plan. However, delays to the start and progress of construction projects and continued pressure on profitability amid order competition are expected due to shortages of engineers, delays in procuring equipment and materials, and higher raw material and steel prices.」
While demand is expected from public investment and infrastructure development, the filing identifies delays in procuring equipment and materials and construction delays and deteriorating profitability due to higher prices, rather than declining public investment itself, as the main sources of uncertainty. - FY2022-Q1RestatedAnnual report
「Demand was expected from private-sector capital investment projects, centered on redevelopment in the Tokyo metropolitan area, and infrastructure development focused on disaster prevention and mitigation to advance the national resilience plan. However, due to the impact of COVID-19, further delays in project starts and construction progress are expected.」
While demand is expected from redevelopment in the Tokyo metropolitan area and infrastructure development focused on disaster prevention and mitigation, the filing reaffirms that delays in project starts and construction progress are expected due to the infectious disease. - FY2021-Q3RestatedAnnual report
「Demand was expected from private-sector capital investment projects, centered on redevelopment in the Tokyo metropolitan area, and infrastructure development focused on disaster prevention and mitigation to advance the national resilience plan. However, due to the prolonged impact of COVID-19, further delays in project starts and construction progress are expected.」
While demand is expected from redevelopment in the Tokyo metropolitan area and infrastructure development focused on disaster prevention and mitigation, the filing reaffirms that delays in project starts and construction progress are expected due to the prolonged infectious disease outbreak. - FY2021-Q2RestatedAnnual report
「Demand was expected from private-sector capital investment projects, centered on redevelopment in the Tokyo metropolitan area, and infrastructure development focused on disaster prevention and mitigation to advance the national resilience plan. However, due to the impact of COVID-19, further delays in project starts and construction progress are expected.」
While demand is expected from redevelopment in the Tokyo metropolitan area and infrastructure development focused on disaster prevention and mitigation, the filing reaffirms that delays in project starts and construction progress are expected due to the infectious disease. - FY2021-Q1RestatedAnnual report
「Demand was expected from private-sector capital investment projects, centered on redevelopment in the Tokyo metropolitan area, and infrastructure development focused on disaster prevention and mitigation to advance the national resilience plan. However, due to the impact of COVID-19, further delays in project starts and construction progress are expected.」
While demand is expected from redevelopment in the Tokyo metropolitan area and infrastructure development focused on disaster prevention and mitigation, the filing states that delays in project starts and construction progress are expected due to the infectious disease. It does not mention a decline in public investment itself. - FY2020RestatedAnnual report
「Private-sector capital investment centered on redevelopment in the Tokyo metropolitan area followed a moderate upward trend, while public-sector investment, including infrastructure development, remained firm.」
Public works investment is described as solid for the current fiscal year, and the filing does not state that uncertainty about demand due to declining public investment has immediately materialized. - FY2020-Q3RestatedAnnual report
「Private-sector capital investment, centered on redevelopment in the Tokyo metropolitan area, remained solid, while public works investment, including infrastructure development, also remained steadily solid.」
Public works investment is described as having remained steadily solid, reaffirming that uncertainty about demand due to declining public investment has eased. - FY2020-Q2RestatedAnnual report
「Private-sector capital investment, centered on redevelopment in the Tokyo metropolitan area, remained solid, while public works investment, including infrastructure development, also remained steady.」
Public works investment remained steady, and uncertainty about demand due to declining public investment is described as unchanged from the previous filing for the current quarter. - FY2020-Q1RestatedAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on redevelopment in the Tokyo metropolitan area remained firm, and public-sector investment, including infrastructure development, also remained resilient.」
Public works investment is described as having remained steady, reaffirming the previous description of the construction demand environment for the current quarter. - FY2019WorsenedAnnual report
「However, over the medium to long term, public works are expected to enter a declining trend, and demand for heavy temporary construction materials is also expected to gradually contract.」
While describing public works investment as solid in the current fiscal year, the filing explicitly states that public works and demand for heavy temporary construction materials are expected to decline and contract over the medium to long term. - FY2019-Q3SoftenedAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on redevelopment in the Tokyo metropolitan area remained firm, and public-sector investment, including infrastructure development, also remained firm.」
With respect to public works investment, this filing describes it as “remaining solid,” compared with “remaining steady” in previous filings, indicating a further reduction in uncertainty about demand due to declining public investment. - FY2019-Q2RestatedAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on redevelopment in the Tokyo metropolitan area remained firm, and public-sector investment also remained resilient.」
The filing describes public works investment as steady rather than declining and maintains the previous quarter's indication that uncertainty about demand due to declining public investment has eased. - FY2019-Q1Change in the description of public-sector investmentAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on redevelopment in the Tokyo metropolitan area remained firm, and public-sector investment also remained resilient.」
The filing describes public works investment as steady rather than declining, although the wording has changed from “increased” in the previous fiscal year. - FY2018RestatedAnnual report
「Private-sector capital investment, centered on redevelopment projects in the Tokyo metropolitan area and infrastructure development, remained solid, Tokyo Olympics-related projects moved into full swing, and public works investment also increased.」
Public works investment increased, and the filing continues to describe the reduced uncertainty about construction demand due to declining public investment. - FY2018-Q3RestatedAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on urban redevelopment and infrastructure development in the Tokyo metropolitan area remained firm, Olympics-related projects moved into full swing, and public-sector investment also increased.」
Public works investment continued to increase, and the filing continues to describe the reduced uncertainty about demand due to declining public investment. - FY2018-Q2RestatedAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on redevelopment in the Tokyo metropolitan area remained firm, Olympics-related projects commenced, and public-sector investment increased.」
Public works investment increased, and the filing continues to describe the reduced uncertainty about demand due to declining public investment. - FY2018-Q1RestatedAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on redevelopment in the Tokyo metropolitan area remained firm, Olympics-related projects commenced successively, and public-sector investment increased.」
Public works investment increased, and the reduced risk associated with declining public investment noted at the end of the previous fiscal year continues. - FY2017SoftenedAnnual report
「Private-sector capital investment, centered on redevelopment in the Tokyo metropolitan area, remained solid, Tokyo Olympics-related projects were launched, and public works investment increased.」
Where previous filings described public investment as declining or slightly declining, this year's filing states that public works investment increased, indicating that uncertainty about demand due to declining public investment has eased. - FY2017-Q3RestatedAnnual report
「In the construction industry in which our group operates, private-sector capital investment centered on redevelopment in the Tokyo metropolitan area remained firm, while public-sector investment declined slightly.」
The filing continues to identify declining public investment as an environmental factor affecting the construction industry. - FY2017-Q2RestatedAnnual report
「Private-sector capital investment, centered on redevelopment in the Tokyo metropolitan area, remained firm, while public-sector investment declined slightly.」
The filing continues to identify declining public investment as an environmental factor affecting the construction industry. - FY2017-Q1First statedAnnual report
「Labor costs continued to remain high, while uncertain conditions persisted, including declining public investment and delays in project starts and progress.」
The filing identifies declining public investment for the first time as a factor contributing to uncertainty in the construction industry.