Komori
Amg Holdings (8891) · RiskWorsened

Persistently High Construction Material and Labor Costs and Condominium Land Prices

First written in FY2017-Q1. 17 of 33 entries say "Restated". Latest entry: 2026-08-07.

33entries
11years
4from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2018-Q2WorsenedFY2024 – 2026-05-142016: 220162017: 420172018: 320182019: 320192020: 420202021: 120212022: 420222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies

Amg Holdings moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).

The whole theme swung hardest in 2022: 13 of 24 companies on the "Worse" side.

11 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 33 companies compared. The sentences above are computed from all 33.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「In the real estate industry, land prices remain high and construction costs continue to rise. In addition, higher mortgage rates are expected to increase the cost of acquiring a home, so the situation remains uncertain.」

    In addition to the previously noted increases in construction materials, labor costs and land prices, it states that land prices remain high and construction costs continue to rise, while higher mortgage rates and the resulting increase in home acquisition costs are also concerns.
  2. FY2025WorsenedAnnual report

    「In the construction industry, demand for corporate capital investment in commercial facilities and other properties and for rebuilding remains firm. However, construction labor costs continue to rise due to higher construction material prices and a decline in the construction workforce, while competition to secure construction workers is also intensifying.」

    It states that competition to secure construction workers is intensifying while construction material prices and labor costs remain high, specifying pressure on both costs and personnel.
  3. FY2024WorsenedAnnual report

    「Costs increased due to higher construction material and labor costs. Because it was difficult to pass additional costs on to change orders for projects with long construction periods, revenue exceeded the year-earlier period, but segment profit (operating profit) fell below the year-earlier period.」

    It states that higher construction material and labor costs increased costs, and that it was difficult to pass additional costs on to projects with long construction periods, resulting in lower profit in the custom-built housing business than in the year-earlier period.
  4. FY2024-Q3RestatedAnnual report

    「In the construction industry, inbound demand is recovering and demand for capital investment in stores, commercial facilities and other properties by corporations remains firm. However, construction labor costs continue to rise due to a shortage of skilled construction workers, while construction material prices remain high.」

    It continues to state that inbound demand and corporate capital investment demand remain firm, while labor costs continue to rise due to a shortage of skilled construction workers and construction material prices remain high.
  5. FY2024-Q2WorsenedAnnual report

    「In the construction industry, inbound demand is recovering and demand for capital investment in stores, commercial facilities and other properties by corporations remains firm. However, construction labor costs continue to rise due to a shortage of skilled construction workers, while construction material prices remain high.」

    In addition to persistently high construction material prices, it specifically states that construction labor costs are rising due to a shortage of skilled construction workers.
  6. FY2024-Q1WorsenedAnnual report

    「In the construction industry, prices for construction materials and construction labor continue to rise without showing signs of easing, and it remains difficult to pass the resulting cost increases on to contract prices.」

    It states that construction material and construction labor costs continue to rise, while passing the resulting cost increases on to contract prices remains difficult.
  7. FY2023RestatedAnnual report

    「However, concerns over continued increases in project land, construction materials and construction labor costs, as well as possible increases in mortgage rates and business funding costs if Japan's monetary easing policy were to change, have made the outlook difficult to assess even in the relatively firm real estate market.」

    It continues to state, including for the full fiscal year, that project land, construction materials and construction labor costs are rising.
  8. FY2023-Q3Absorbed rising costs in the newly built detached-home business by passing them on to selling prices and through other measures.Annual report

    「In the newly built detached-home business, revenue and segment profit (operating profit) substantially exceeded the year-earlier period, due to the addition of the results of 株式会社川﨑ハウジング from the third quarter and the ability to absorb higher costs resulting from increases in construction materials, housing equipment and other items by passing them on to selling prices and through other measures.」

    Although prices for construction materials, housing equipment and other items continue to rise, it states that the newly built detached-home business was able to absorb the resulting cost increases by passing them on to selling prices and through other measures. In contrast, construction material and construction labor costs and land prices continue to rise in the newly built condominium business.
  9. FY2023-Q2RestatedAnnual report

    「Construction material and construction labor costs remain high, and acquisition prices for project land have also risen.」

    It continues to state that construction material and construction labor costs remain high and that acquisition prices for project land continue to rise.
  10. FY2023-Q1RestatedAnnual report

    「Construction material and construction labor costs remain high, and acquisition prices for project land have also risen.」

    It states that high construction material and construction labor costs and rising project land prices are continuing. It also mentions rising material prices and uncertainty over passing those increases on to selling prices in the newly built detached-home and custom-built housing businesses.
  11. FY2022WorsenedAnnual report

    「Demand in the newly built condominium industry remains firm, supported by low mortgage rates and strong appetite for home purchases among the DINKS and dual-income power-couple markets. However, construction material and construction labor costs remain high. Competition among industry peers to acquire project land has also intensified, driving up land acquisition prices.」

    It cites intensifying competition among industry peers to acquire land and rising land acquisition prices as additional adverse factors while construction material and construction labor costs remain high.
  12. FY2022-Q3RestatedAnnual report

    「Demand remains firm in the condominium industry, supported by low mortgage rates and the continued housing acquisition tax regime. However, the industry faces difficult conditions as selling prices rise under the impact of persistently high construction material and construction labor costs and soaring acquisition prices for project land.」

    It continues to state that housing demand is firm, but selling prices have risen and conditions are difficult due to persistently high and rising prices for construction materials, construction labor and project land.
  13. FY2022-Q2WorsenedAnnual report

    「Demand for newly built detached homes remains firm, but the outlook remains uncertain due to concerns about a resurgence of COVID-19, price increases and construction delays caused by shortages of products and materials, and other factors.」

    In addition to persistently high construction material and construction labor costs in the existing condominium business, it cites shortages of products and materials, price increases and construction delays in the newly built detached-home business as uncertainty factors, indicating that both the businesses covered and the factors affecting them have broadened.
  14. FY2021-Q2RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the difficult business environment caused by persistently high construction material and construction labour costs and soaring project site prices continues to be cited.
  15. FY2021-Q1RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    It continues to state that selling prices have risen and that conditions are difficult due to persistently high and rising prices for construction materials, construction labor and project land.
  16. FY2020WorsenedAnnual report

    「The condominium industry has seen costs rise due to soaring steel and construction labour costs and higher procurement prices for project sites. However, passing these higher costs on to selling prices has become difficult, leaving the industry in an extremely difficult situation.」

    In addition to rising construction and land prices, passing these increases on to selling prices has been difficult, and the situation is described as “extremely challenging.”
  17. FY2020-Q3RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the continuation of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the continued rise in selling prices and the difficult business environment caused by soaring construction material, construction labour and project site prices are cited.
  18. FY2020-Q2RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the continuation of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the continued rise in selling prices and the difficult business environment caused by soaring construction material, construction labour and project site prices are cited.
  19. FY2019WorsenedAnnual report

    「The condominium industry has seen costs rise due to soaring steel and construction labour costs and higher procurement prices for project sites. However, passing these higher costs on to selling prices has become difficult, leaving the industry in an extremely difficult situation.」

    In addition to higher steel, construction labour and land prices, the difficulty of passing higher costs on to selling prices is cited, and the industry is described as being in an extremely difficult situation.
  20. FY2019-Q3RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the difficult business environment caused by persistently high construction material and construction labour costs and soaring project site prices continues to be cited.
  21. FY2019-Q2RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the difficult business environment caused by persistently high construction material and construction labour costs and soaring project site prices continues to be cited.
  22. FY2019-Q1RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the difficult business environment caused by persistently high construction material and construction labour costs and soaring project site prices continues to be cited.
  23. FY2018WorsenedAnnual report

    「The condominium industry is facing an extremely difficult situation due to persistently high construction prices caused by soaring steel and construction labour costs, as well as soaring procurement prices for project sites.」

    Higher construction material, labour and land prices are described as creating an “extremely difficult situation,” a stronger expression than the previous “difficult situation.”
  24. FY2018-Q2RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the difficult business environment caused by persistently high construction material and construction labour costs and soaring project site prices continues to be cited.
  25. FY2018-Q1RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While housing demand is described as firm, the difficult business environment caused by persistently high construction material and construction labour costs and soaring project site prices continues to be cited.
  26. FY2017RestatedAnnual report

    「Demand in the condominium industry has remained firm due to the introduction of negative interest rate policy and the maintenance of tax measures for home purchases. Meanwhile, construction material and construction labour costs have remained high and procurement prices for project sites have soared, driving up selling prices and creating a difficult business environment.」

    While demand is described as firm, the difficult business environment caused by persistently high construction material and construction labour costs and soaring project site prices continues to be cited.
  27. FY2017-Q3RestatedAnnual report

    「Meanwhile, persistently high construction material and construction labour costs and soaring procurement prices for project sites have driven up selling prices, creating a difficult business environment.」

    Persistently high construction material and construction labour costs and soaring project site prices continue to be cited as factors contributing to the difficult business environment for the condominium business.
  28. FY2017-Q2RestatedAnnual report

    「The condominium industry has been affected by persistently high construction material and construction labour costs and soaring procurement prices for project sites, driving up selling prices, and the difficult environment continues.」

    Persistently high construction material, labour and project site prices continue to be cited as factors contributing to the difficult business environment.
  29. FY2017-Q1First statedAnnual report

    「The condominium industry has been affected by persistently high construction material and construction labour costs and soaring procurement prices for project sites, driving up selling prices, and the difficult environment continues.」

    The statement says that higher construction material and labour costs and land procurement prices are affecting selling prices and the business environment.
Moved together

"Uncertainty over the economic outlook and overseas conditions" moved the same way as this thread, in the same document, in 10 of its 33 moves.

1094444★123456
  1. ★This thread
  2. 1Uncertainty over the economic outlook and overseas conditions10×
  3. 2Operating cash flow volatility due to the period from land acquisition to cash recovery9×
  4. 3Human-resources development and recruitment, and cost reductions to support sales expansion4×
  5. 4Reliance on Interest-Bearing Debt and Fluctuations in Funding Costs4×
  6. 5Market price fluctuation risk of investment securities4×
  7. 6Resilient housing demand supported by the negative interest rate policy and housing acquisition tax measures4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Amg Holdings yet. It last moved in the Earnings of 2026-08-07: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.