Chronic Shortage of Construction Workers and Surging Raw Material Prices
First written in FY2017-Q3. 16 of 30 entries say "Restated". Latest entry: FY2027-H1.
Wakita & moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2022: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Meanwhile, in addition to further increases in construction costs, the environment surrounding the construction industry remains difficult due to the worsening shortage of skilled construction workers.」
Surging construction costs and the increasingly severe shortage of skilled construction workers continue to be cited as industry risks, even as investment demand shows signs of recovery. - FY2026WorsenedAnnual report
「In addition to further increases in material prices and construction costs, the business environment surrounding the construction industry remains challenging due to worsening shortages of skilled construction workers and the burden of responding to regulations on overtime work.」
In addition to the previous issues of rising construction costs and labor shortages, the company has specifically identified worsening shortages of skilled workers and the burden of complying with overtime-work regulations. - 2026-04-09WorsenedEarnings
「In addition to further increases in material prices and construction costs, the environment surrounding the construction industry remains difficult due to the worsening shortage of skilled construction workers and the burden of responding to overtime-work regulations.」
In addition to rising construction costs and shortages of workers, the worsening shortage of skilled construction workers and the burden of complying with overtime-work regulations were identified as increasing pressures on the industry. - FY2026-H1RestatedAnnual report
「Meanwhile, the business environment remains challenging due to persistently high construction costs, tighter labor regulations, shortages of workers in civil engineering and construction, and other factors.」
Persistently high construction costs, tighter labor regulations, and shortages of workers in civil engineering and construction are identified as ongoing pressure factors affecting the industry, even as public- and private-sector investment remains stable and solid. - FY2025-Q1WorsenedAnnual report
「The business environment remains challenging due to rising construction costs, tighter labor regulations, shortages of workers in civil engineering and construction, and other factors.」
In addition to rising construction costs and labor shortages, tighter labor regulations have been identified as a new pressure factor, and the difficult environment for the construction-related industries continues. - FY2024-Q2RestatedAnnual report
「Public investment remained firm and stable, and private capital investment also showed signs of recovery. However, the industry continued to face challenging conditions due to rising construction costs and shortages of workers in the civil engineering and construction sectors.」
Rising construction costs and a shortage of workers in civil engineering and construction continue to be cited as factors weighing on the business environment despite signs of recovery in public and private-sector investment. - FY2024-Q1ReframedAnnual report
「In the construction equipment business, our core business, public investment remained firm and private capital investment also showed signs of recovery. However, the industry continued to face challenging conditions due to rising construction costs and shortages of workers in the civil engineering and construction sectors.」
The description has been reorganized from one centered on soaring material and energy prices to one focused on rising construction costs and the shortage of workers in civil engineering and construction. - FY2023WorsenedAnnual report
「Rental demand in both the public and private sectors remained firm and revenue increased in the rental division. However, profit declined as cost of sales rose following aggressive investment in rental assets at a high level from the beginning of the fiscal year, and as the division was affected by intensifying price competition accompanying higher construction costs.」
The disclosure states that, in addition to soaring material and energy prices and a shortage of workers, higher construction costs led to lower profit in the construction equipment business through intensified price competition. - FY2023-Q3RestatedAnnual report
「In the construction equipment business, our core business, public investment remained firm and private capital investment also showed signs of recovery. However, the industry continued to face challenging conditions due to soaring material and energy prices and shortages of workers in the civil engineering and construction sectors.」
Soaring material and energy prices and a shortage of workers in civil engineering and construction continue to weigh on construction-related businesses, despite signs of recovery in public investment and private-sector capital investment. - FY2023-Q2RestatedAnnual report
「In the construction equipment business, our core business, public investment remained firm and private capital investment also showed signs of recovery. However, the industry continued to face challenging conditions due to soaring material and energy prices and shortages of workers in the civil engineering and construction sectors.」
Soaring material and energy prices and a shortage of workers in civil engineering and construction continue to weigh on the industry environment, despite signs of recovery in public investment and private-sector capital investment. - FY2023-Q1WorsenedAnnual report
「In the construction equipment business, our core business, public investment remained firm and private capital investment also showed signs of recovery. However, the industry continued to face challenging conditions due to soaring material and energy prices and shortages of workers in the civil engineering and construction sectors.」
In addition to the previously cited soaring material prices and shortage of workers, soaring energy prices have been explicitly identified, and the challenging environment in the construction equipment industry continues. - FY2022ReframedAnnual report
「To address social issues such as disaster recovery and reconstruction work, measures to combat aging public infrastructure and the shortage of workers in civil engineering and construction, the company will actively invest at a high level in expanding its domestic rental network, ICT and technology proposals, and rental assets, including environmentally friendly equipment.」
The previously cited business-environment risk of shortages of construction workers and labor has been framed as the social issue of a shortage of workers in civil engineering and construction, with the response shifting to network expansion and ICT and technology proposals. - FY2021RestatedAnnual report
「The challenging environment has continued due to soaring construction material prices and the chronic shortage of construction engineers and workers.」
Soaring construction material prices and shortages of construction engineers and workers continue to weigh on the business environment for the full year. - FY2021-Q3RestatedAnnual report
「The challenging environment has continued, including the suspension or postponement of some construction projects and soaring labor costs due to higher construction material prices and the chronic shortage of construction workers.」
The suspension or postponement of construction projects due to the COVID-19 pandemic, soaring construction material prices and labor costs, and the chronic shortage of construction workers continue to be cited. - FY2021-Q2RestatedAnnual report
「The challenging environment has continued, including the suspension or postponement of some construction projects due to the COVID-19 pandemic, soaring construction material prices and higher labor costs resulting from the chronic shortage of construction workers.」
The impact of the pandemic on construction projects, soaring construction material prices and labor costs, and the chronic shortage of construction workers continue to be cited as factors weighing on construction-related businesses. - FY2021-Q1WorsenedAnnual report
「The challenging environment has continued, as the COVID-19 pandemic has affected some construction projects, while higher construction costs due to shortages of construction workers have made securing labor a challenge.」
In addition to the previously cited labor shortages and higher labor and material costs, the impact of the pandemic on construction projects and the challenge of securing labor have been explicitly identified. - FY2020RestatedAnnual report
「The business environment surrounding the group remained challenging, despite firm public works and private-sector capital investment, particularly in urban redevelopment and large-scale projects in the Tokyo metropolitan area as construction related to the Tokyo Olympic and Paralympic Games entered its final stages. Labor shortages and higher labor and material costs continued to pose challenges.」
Labor shortages, higher labor costs and soaring material prices continue to be cited as factors creating a challenging business environment despite firm demand. - FY2020-Q3RestatedAnnual report
「Challenging conditions continue, including labor shortages and higher labor and material costs.」
Labor shortages, higher labor costs and soaring material prices continue to be cited as factors weighing on construction-related businesses. - FY2020-Q2RestatedAnnual report
「Challenging conditions requiring close monitoring continue, including the chronic labor shortage and soaring material costs.」
The chronic labor shortage and soaring material costs continue to be cited as factors requiring close monitoring in construction-related businesses. - FY2020-Q1RestatedAnnual report
「Although private capital investment remained firm, including redevelopment projects in urban areas and the construction of new factories and logistics facilities in the Tokyo metropolitan area, conditions requiring close monitoring continued, including soaring construction costs and the impact of regional disparities in public investment.」
Soaring construction costs continue to be cited as a factor weighing on the business environment. - FY2019WorsenedAnnual report
「At the same time, concerns have also emerged over declines in public works in regional areas, soaring material costs and construction delays caused by labor shortages.」
In addition to the previously cited increases in material and labor costs, construction delays caused by labor shortages have been explicitly identified, making the impact of cost and supply constraints more concrete. - FY2019-Q3RestatedAnnual report
「While capital investment demand remained firm against a backdrop of strong corporate earnings, the domestic economy progressed at a slightly slower pace after its recovery trend, weighed down by the impact of natural disasters across Japan and cost pressures from higher raw material and labor costs.」
The cost burden from natural disasters and higher raw material and labor costs continues to be cited as a factor behind the domestic economy's slower pace. - FY2019-Q2ReframedAnnual report
「During the six-month period ended the second quarter (1 March 2018 to 31 August 2018), Japan's economy maintained strong capital investment demand, supported by abundant corporate funds and low interest rates. However, the domestic economy progressed at a slightly slower pace after its recovery trend, weighed down by the impact of natural disasters across Japan and cost pressures from higher raw material and labor costs.」
Higher raw material prices and labor costs are cited as cost pressures. In contrast, there is no direct mention of the previously cited shortage of construction workers or delays in public works, with the risk description shifting to broader cost increases at the macroeconomic level. - FY2018RestatedAnnual report
「Against this backdrop, although signs of improvement began to emerge in private capital investment, including redevelopment projects in major metropolitan areas, operating conditions remained challenging due to delays in public works caused by soaring construction material and labor costs.」
Soaring construction material and labor costs, and the resulting delays in public works, continue to weigh on the business environment. - FY2018-Q3RestatedAnnual report
「Against this backdrop, although signs of improvement began to emerge in private capital investment, including redevelopment projects in major metropolitan areas, operating conditions remained challenging due to delays in public works caused by soaring construction material and labor costs.」
Soaring construction material and labor costs, and the resulting delays in public works, continue to weigh on the business environment. - FY2018-Q2WorsenedAnnual report
「Against this backdrop, although signs of improvement began to emerge in private capital investment, including redevelopment projects in major metropolitan areas, operating conditions remained challenging due to delays in public works caused by soaring construction material and labor costs.」
In addition to the previously cited shortage of construction workers and soaring raw material prices, the disclosure states that soaring construction material and labor costs have caused delays in public works, making the impact of cost increases more concrete. - FY2017RestatedAnnual report
「The challenging operating environment continued due to the shortage of construction workers and persistently high raw material prices.」
The shortage of construction workers and persistently high raw material prices were reaffirmed as factors weighing on the construction equipment business environment for the full year. - FY2017-Q3First statedAnnual report
「In addition, the operating environment has remained challenging due to the chronic shortage of construction workers and soaring raw material prices.」
The shortage of construction workers and soaring raw material prices were identified for the first time as factors behind the challenging operating environment surrounding the construction equipment business.