Declining demand for building materials due to labor shortages and simplified construction methods for large-scale construction projects
First written in FY2018-Q3. 6 of 18 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3MitigatedAnnual report
「Demand for residential components recovered, driving growth in custom-made components, fittings and kitchen-related products. Revenue also increased due to the new adoption of resins for molding.」
In addition to the recovery in housing-related demand and growth in major building-material products, resins for molding were newly adopted, indicating that the adverse impact on demand for building materials was easing. - FY2024-Q1MitigatedAnnual report
「The recovery in demand for housing materials from the COVID-19 pandemic contributed to growth in fixtures, doors and kitchen-related products, as well as new adoptions of molding resins, resulting in higher revenue.」
Construction and housing-related demand recovered from the COVID-19-related slump, while growth in major building-material products and new adoptions contributed to higher revenue. - FY2023MitigatedAnnual report
「Difficulty procuring materials and rising prices gradually eased from the second half of the fiscal year. Meanwhile, demand emerged from the slump caused by the COVID-19 pandemic, and products across the board, including fixtures, doors, kitchen-related products and office-related products, grew.」
In the construction and housing-related business, difficulties in procuring materials and soaring prices eased, while the recovery in demand and growth in major products were reported. - FY2023-Q3MitigatedAnnual report
「The difficulties in procuring materials and soaring prices for residential components, which had continued for more than 1 year, were easing somewhat. Demand recovered from the COVID-19-related slump, and custom-made components, fittings, kitchen-related products and office-related products grew broadly.」
Although difficulties in procuring materials and soaring prices remained, they eased somewhat, and the recovery in demand for residential components and growth in major products were reported. - FY2023-Q2MitigatedAnnual report
「Although difficulty procuring materials and rising prices remained severe, conditions had eased somewhat recently. Demand recovered from the slump caused by the COVID-19 pandemic, and products across the board, including fixtures, doors, kitchen-related products and office-related products, broadly recovered.」
In the construction and housing-related business, difficulties in procuring materials and soaring prices eased somewhat, while the recovery in demand and improvement in major products were reported. - FY2022-Q3MitigatedAnnual report
「The slump in the housing-materials business caused by the COVID-19 pandemic bottomed out, and sales increased for fixtures, resin products, doors and kitchen-related products. However, sales of office-related products remained sluggish as working from home became established and work styles changed.」
The COVID-19-related slump in construction and housing demand bottomed out, and sales of residential components and kitchen-related products increased. Meanwhile, weakness in office-related products associated with changes in working practices continued. - FY2021-Q3WorsenedAnnual report
「In the civil engineering-related field, volumes increased for additives used in paved roads and large concrete structures. However, revenue declined as cement additives for ground improvement and other products decreased due to the nationwide decline in road construction and other projects.」
The nationwide decline in road construction and other projects was reflected in lower sales and revenue from civil engineering-related products. Construction cancellations and postponements and the voluntary suspension of events at housing exhibition centers and elsewhere also affected sales of building-material products. - FY2021-Q2MaterialisedAnnual report
「At major customers, construction projects were frequently canceled or postponed, while various events at housing exhibition centers and elsewhere were voluntarily suspended and attendance was restricted. As a result, sales fell substantially for existing products, including custom-made components, resin products and fittings, as well as new office and kitchen-related products.」
In addition to construction cancellations and postponements, the voluntary suspension of events at housing exhibition centers and elsewhere and attendance restrictions resulted in a substantial decline in sales of both existing and new products. - FY2021-Q1MaterialisedAnnual report
「As construction projects were suspended one after another, sales declined significantly not only for existing fixtures, resin products and doors, but also for new office and kitchen-related products.」
The risk to construction demand materialized as construction projects were suspended one after another, resulting in a substantial decline in sales of both existing and new building-material products. - FY2020RestatedAnnual report
「In the building materials-related field, decorative interior materials, wallpaper and other products were sluggish and films and chemicals for these applications declined. However, revenue increased due to growth in process chemicals for building-material boards, equipment sales, and a recovery in paint-related chemicals and chemicals for foamed insulation systems, which had been sluggish the previous year.」
While sluggish sales of interior materials and wallpaper and declines in related films and chemicals continued, the building materials-related field as a whole recorded higher revenue due to growth in process chemicals and other products. - FY2020-Q2RestatedAnnual report
「In the building materials-related field, decorative interior materials, wallpaper and other products were sluggish and films and chemicals for these applications declined. However, revenue increased due to growth in process chemicals for building-material boards, along with a recovery in paint-related chemicals and chemicals for foamed insulation systems, which had been sluggish the previous year.」
While sluggish sales of decorative interior materials and wallpaper and declines in related films and chemicals continued, the field as a whole recorded higher revenue due to growth in process chemicals for building-material boards and other products. - FY2020-Q1RestatedAnnual report
「In the building materials-related field, decorative interior materials, wallpaper and other products were sluggish and films and chemicals for these applications declined due to delays in large-scale construction projects in the Tokyo metropolitan area, including redevelopment projects and apartment and hotel construction, caused by labor shortages, as well as simplified construction methods and changes in materials used resulting from lower contract unit prices.」
Sluggish sales of interior-material products continued due to labor shortages and construction delays on large-scale construction projects, simplified construction methods and lower contract unit prices. - FY2019RestatedAnnual report
「In the building materials-related field, decorative interior materials, wallpaper and other products were sluggish and films and chemicals for these applications declined due to delays in large-scale construction projects in the Tokyo metropolitan area, including redevelopment projects and apartment and hotel construction, caused by labor shortages, as well as simplified construction methods and changes in materials used resulting from lower contract unit prices. Revenue also declined as some chemicals for foamed insulation systems were sluggish.」
Sluggish sales of interior-material products due to labor shortages and construction delays on large-scale construction projects, simplified construction methods and lower contract unit prices continued throughout the fiscal year. - FY2019-Q3RestatedAnnual report
「In the building materials-related field, decorative interior materials, wallpaper and other products were sluggish and films and chemicals for these applications declined due to delays in large-scale construction projects in the Tokyo metropolitan area, including redevelopment projects and apartment and hotel construction, caused by labor shortages, as well as simplified construction methods and changes in materials used resulting from lower contract unit prices. Revenue also declined as some chemicals for foamed insulation systems were sluggish.」
Sluggish sales of interior-material products continued due to labor shortages and construction delays on large-scale construction projects, simplified construction methods and lower contract unit prices. - FY2019-Q2RestatedAnnual report
「In the building materials-related field, decorative interior materials, wallpaper and other products were sluggish, while films and chemicals for these applications declined substantially, due to delays in the start and completion of large-scale construction projects in the Tokyo metropolitan area, including redevelopment projects and apartment and hotel construction, caused by labor shortages, as well as simplified construction methods and changes in materials used resulting from lower contract unit prices.」
Sluggish sales of interior-material products continued due to labor shortages and construction delays on large-scale construction projects, simplified construction methods and lower contract unit prices. - FY2019-Q1WorsenedAnnual report
「In the building materials-related field, functional additives were adopted for some plumbing-related products. However, decorative interior materials, wallpaper and other products were sluggish, and chemicals for these applications declined, due to construction delays caused by labor shortages on large-scale apartment and hotel construction projects, simplified construction methods, and changes in materials used resulting from lower contract unit prices, resulting in a substantial decline in revenue.」
In addition to labor shortages, construction delays and simplified construction methods for large-scale construction projects, changes in materials used due to lower contract unit prices compounded the impact, which continued and expanded as a substantial decline in revenue from interior-material products. - FY2018MaterialisedAnnual report
「In the building materials-related field, decorative interior materials, wallpaper and other products were sluggish, and chemicals for these applications struggled, due to construction delays caused by labor shortages on large-scale apartment and hotel construction projects, simplified construction methods, and changes in materials used resulting from lower contract unit prices. However, the field recorded a slight increase in revenue as chemicals for paint were newly adopted in exterior building paints.」
Labor shortages, construction delays, simplified construction methods and lower contract unit prices for large-scale construction projects were reflected in sluggish sales of interior-material products. - FY2018-Q3First statedAnnual report
「In the building materials-related field, sales grew as chemicals for exterior paint were newly adopted. However, decorative interior materials, wallpaper and other products were sluggish due to construction delays caused by labor shortages on large-scale apartment and hotel construction projects, as well as the impact of simplified construction methods, resulting in a slight decline in revenue.」
Labor shortages and construction delays on large-scale construction projects, together with simplified construction methods, were reflected in sluggish sales and lower revenue from interior-material products.