Lower profit margins in the construction materials business due to intensifying competition
First written in FY2017-Q1. 16 of 24 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 39 of 85 companies on the "Worse" side.
- FY2024DroppedAnnual reportThe current year's business and other risk disclosures and analysis of operating results do not explicitly identify intensifying competition as an independent factor causing lower profit margins.
- FY2024-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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the major risks, including the risk of lower profit margins due to intensifying competition. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The update states that there were no material changes regarding the major risks, including the risk of lower profit margins due to intensifying competition. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business and accounting conditions described in the quarterly report.」
The update states that there were no material changes regarding the major risks, including the risk of lower profit margins in the construction materials business due to intensifying competition. - FY2023-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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the major risks, including the risk of lower profit margins in the construction materials business due to intensifying competition. - FY2022DroppedAnnual reportThe current year's major risk disclosures and analysis of operating results do not explicitly identify intensifying competition as an independent factor causing lower profit margins.
- FY2022-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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins due to intensifying competition. - FY2021DroppedAnnual reportThe current year's risk disclosures and analysis of operating results do not explicitly identify intensifying competition as an independent factor causing lower profit margins.
- FY2021-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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins due to intensifying competition. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins due to intensifying competition. - FY2020MitigatedAnnual report
「Although architectural materials performed well, revenue was ¥5,993.3 million, down 1.1% year on year, because large-scale infrastructure projects declined and base materials weakened. However, segment profit was ¥881 million, up 15.8% year on year, due in part to improved profit margins.」
Although the construction materials business posted lower revenue, profit margins improved and segment profit increased, indicating that the impact of lower profit margins due to intensifying competition was reduced from the previous fiscal year. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins in the construction materials business due to intensifying competition. - FY2020-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins in the construction materials business due to intensifying competition. - FY2020-Q1WorsenedAnnual report
「Construction work: Revenue was ¥381.8 million, up 4.2% year on year. However, the segment recorded a loss of ¥136 million, compared with a segment loss of ¥102 million in the same period of the previous year, due to lower profit margins resulting from intensifying competition and other factors.」
Lower profit margins resulting from intensifying competition continued, and the construction work segment's loss widened from ¥102 million in the same period of the previous year to ¥136 million. - FY2019WorsenedAnnual report
「Despite a declining trend in residential investment, revenue was ¥6,060.1 million, up 1.2% year on year. However, segment profit was ¥761 million, down 5.5% year on year, due to lower profit margins resulting from intensifying competition and other factors.」
The construction materials business posted higher revenue, while lower profit margins due to intensifying competition continued throughout the year, resulting in a 5.5% year-on-year decline in segment profit. - FY2019-Q3WorsenedAnnual report
「Despite a declining trend in residential investment, revenue was ¥4,853.2 million, up 2.4% year on year. However, segment profit was ¥554 million, down 14.8% year on year, due to lower profit margins resulting from intensifying competition and other factors.」
Lower profit margins resulting from intensifying competition continued, and the year-on-year decline in construction materials segment profit widened from 7.3% in the cumulative first two quarters of the previous fiscal year to 14.8%. - FY2019-Q2RestatedAnnual report
「Despite a declining trend in residential investment, revenue was ¥3,035.1 million, up 0.0% year on year. However, segment profit was ¥334 million, down 7.3% year on year, due to lower profit margins resulting from intensifying competition and other factors.」
The construction materials business maintained flat revenue, while lower profit margins due to intensifying competition and the resulting decline in segment profit continued. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new matters among those relating to the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins in the construction materials business due to intensifying competition. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins in the construction materials business due to intensifying competition. - FY2018-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」
The update states that there were no material changes regarding the risk of lower profit margins in the construction materials business due to intensifying competition. - FY2017RestatedAnnual report
「Revenue from construction materials was ¥5,707.7 million, up 7.5% year on year, mainly because private-sector construction demand remained firm. However, segment profit was ¥705 million, down 9.6% year on year, due to lower profit margins resulting from intensifying competition and other factors.」
The construction materials business posted higher revenue, while lower profit margins due to intensifying competition and the resulting decline in profit also occurred for the full year. - FY2017-Q3RestatedAnnual report
「Revenue was ¥4,559.2 million, up 6.9% year on year, mainly because private-sector construction demand remained firm. However, segment profit was ¥569 million, down 10.7% year on year, due to lower profit margins resulting from intensifying competition and other factors.」
The construction materials business posted higher revenue, but lower profit margins due to intensifying competition and the resulting decline in profit continued. - FY2017-Q2RestatedAnnual report
「Revenue was ¥2,882.7 million, up 6.2% year on year, mainly because private-sector construction demand remained firm. However, segment profit was ¥293 million, down 20.4% year on year, due to lower profit margins resulting from intensifying competition and other factors.」
The construction materials business posted higher revenue, but lower profit margins due to intensifying competition and the resulting decline in segment profit continued. - FY2017-Q1First statedAnnual report
「Revenue was ¥1,201 million, up 1.3% year on year, mainly because private-sector construction demand remained firm. However, the segment recorded a loss of ¥38 million, compared with segment profit of ¥24 million in the same period of the previous year, due to lower profit margins resulting from intensifying competition and other factors.」
The update notes that lower profit margins resulting from intensifying competition actually occurred in the construction materials business, causing segment profit to turn into a loss.