Construction performance fluctuations due to economic conditions and public works trends
First written in FY2017. 14 of 21 entries say "Materialised", first in FY2018-Q2. Latest entry: 2026-08-12.
Hiroshima Electric Railway moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 44 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- 2026-08-12MaterialisedResults
「資材価格の高騰による利益率の低下等により、営業利益は前第1四半期連結累計期間と比較して64.7%、36百万円減少し、19百万円となりました。」
資材価格の高騰が建設業の利益率低下・営業利益減少として実績に現れた。 - FY2026MaterialisedAnnual report
「In the construction business, revenue declined because orders for private-sector construction decreased, although orders for government construction remained firm.」
Trends in orders for private-sector building construction materialized as lower revenue in the construction business, and the risk of performance fluctuations due to economic conditions and construction trends continues. - FY2026-H1MaterialisedAnnual report
「In the construction business, although progress was made on the Hiroshima Station-mae Ohashi Route Development Project and public-sector construction increased, revenue declined due to a decrease in private-sector building construction, among other factors.」
Although government projects increased, the construction business recorded lower revenue due to a decline in private-sector building construction, among other factors, and performance fluctuations due to construction trends materialized in the results. - FY2025MitigatedAnnual report
「In the construction business, revenue increased because of progress on the Hiroshima Station Front Ohashi Route Development Project and steady orders for private-sector construction.」
Although risks to performance from fluctuations in construction volume remain, construction performance recovered in the current fiscal year due to progress on large-scale development projects and orders for private-sector construction. - FY2024-Q3MaterialisedAnnual report
「In the construction business, revenue declined due to the reaction to the progress of construction under the Hiroshima City Otsuka Chuo Land Readjustment Project in the previous fiscal year, among other factors.」
Operating revenue in the construction business declined 20.9% year on year due to the reaction to the progress of the Otsuka Chuo Land Readjustment Project in the previous fiscal year, among other factors, and the impact of performance fluctuations due to construction volume materialized. - FY2024-Q2MaterialisedAnnual report
「As a result, operating revenue for the first half of the current fiscal year decreased 20.9%, or ¥530 million, from the first half of the previous fiscal year to ¥2,002 million. Operating profit, however, increased 117.8%, or ¥36 million, from the previous fiscal year's ¥31 million to ¥67 million, as the Hiroshima Station South Exit Redevelopment Project and public works, which have relatively high profit margins because of their long construction periods, contributed to earnings.」
Construction revenue declined 20.9% year on year due to the reaction to the progress of the Otsuka Chuo Land Readjustment Project in the previous fiscal year, among other factors, and fluctuations in construction volume materialized in the results. Meanwhile, operating profit increased due to contributions from the Hiroshima Station South Exit redevelopment project and public works. - FY2024-Q1MaterialisedAnnual report
「In the construction business, revenue declined because the increase in new housing construction was offset by the reaction to construction progress on the Hiroshima City Otsuka Central Land Readjustment Project in the previous fiscal year.」
The impact of a decline in construction volume and earnings in the construction business due to the reaction to the progress of large-scale projects in the previous fiscal year materialized. - FY2022-Q3MitigatedAnnual report
「In the construction business, although government projects decreased, revenue increased as private-sector projects, including construction of new factories and logistics centers and progress on building demolition work, contributed to results.」
Although the decline in government projects continued, revenue increased due to orders and progress in private-sector projects, partially mitigating the impact of performance fluctuations due to construction trends in the current quarter. - FY2022-Q2MaterialisedAnnual report
「In the construction business, although orders increased for Group-company projects such as the Miyajima-guchi development project and for private-sector projects such as construction of a new multipurpose nursing-care facility, revenue declined because the decrease in government projects related to disaster recovery, including check-dam construction, had a significant impact.」
Although orders for Group-company and private-sector projects increased, the decline in government projects related to disaster recovery resulted in lower revenue in the construction business, and performance fluctuations due to construction trends materialized. - FY2022-Q1MaterialisedAnnual report
「In the construction business, revenue declined because government construction work and the number of condominium units built at Nishikaze Shinto Green Fort Sorano decreased.」
The decline in public works and the number of condominium housing units constructed materialized as lower revenue in the construction business. - FY2021MaterialisedAnnual report
「In the construction business, orders increased for group-related projects, including construction of a new head-office building for a group company, and for private-sector projects, but revenue declined because large public works such as check-dam construction and sewerage construction decreased.」
The decline in large-scale public works materialized as lower revenue in the construction business. - FY2021-Q3MitigatedAnnual report
「In the construction business, revenue increased due to higher orders for construction work for Group companies, including construction of a new head office building for a Group company, as well as higher orders for large-scale public works, including check dams, sewerage construction and renovation of public housing apartments.」
The construction business, whose revenue had declined due to a shortage of large-scale projects, recovered as construction work for Group companies and large-scale public works increased. - FY2020MitigatedAnnual report
「In the construction business, revenue increased due to higher orders for construction work for Group companies, including demolition of the Hiroden Kaikan building, reconstruction of leased retail premises and construction of a new tourist and commercial facility at Miyajima-guchi, as well as higher orders for public works, including construction of a new passenger terminal at Miyajima-guchi and construction of a check dam.」
The construction business, whose revenue had declined due to a shortage of large-scale projects, recovered as orders for Group-company projects and public works increased. - FY2020-Q2MitigatedAnnual report
「In the construction business, revenue increased because of higher orders for group-related projects, including demolition of the Hiroden Kaikan building, reconstruction of leased stores and construction of a new tourist and commercial facility at Miyajimaguchi, as well as public works such as construction of the Miyajimaguchi Passenger Terminal and a check dam.」
The construction business, whose revenue had declined due to trends in large-scale properties and public works, recorded higher revenue as construction work for Group companies and orders for public works increased. - FY2019-Q3MaterialisedAnnual report
「In the construction business, there were large projects in the first nine months of the previous fiscal year, including new construction of office buildings and nursing-care facilities, but revenue declined in the first nine months of the current fiscal year because the number of such large projects decreased.」
The decline in large-scale private-sector construction projects materialized as lower revenue in the construction business, and performance fluctuations due to construction trends continue. - FY2019-Q2MaterialisedAnnual report
「Although construction work on large properties such as office buildings was undertaken during the first six months of the previous consolidated fiscal year, revenue declined during the first six months of the current consolidated fiscal year because construction work on such large properties decreased.」
The decline in large-scale private-sector construction projects materialized as lower revenue in the construction business, and the risk of performance fluctuations due to construction trends continues. - FY2019-Q1MaterialisedAnnual report
「In the construction business, revenue declined because public works for disaster-prevention measures decreased and, unlike in the first quarter of the previous fiscal year, there were no large projects such as nursing-care facilities and maintenance plants in the first quarter of the current fiscal year.」
Performance fluctuations due to trends in public works and large-scale private-sector construction projects continued to materialize as lower revenue in the construction business. - FY2018MaterialisedAnnual report
「In the construction business, although public works such as disaster prevention projects were undertaken, revenue declined because, unlike the previous consolidated fiscal year, when large-scale projects such as public housing renovation and nursing-care facility construction were underway, no such large-scale projects were undertaken during the current consolidated fiscal year.」
The absence of large-scale public and private-sector construction projects resulted in lower revenue in the construction business, and performance fluctuations due to construction trends materialized. - FY2018-Q3RestatedAnnual report
「In the construction business, revenue declined because private-sector building construction decreased.」
The decline in private-sector building construction continues to materialize as lower revenue in the construction business. - FY2018-Q2MaterialisedAnnual report
「In the construction business, revenue declined because public works for disaster prevention measures and private-sector building construction decreased.」
The decline in public works and private-sector building construction materialized as lower revenue in the construction business. - FY2017First statedAnnual report
「Performance in the construction business may fluctuate significantly depending on trends in private-sector capital investment associated with economic fluctuations and trends in public works resulting from changes in the fiscal conditions of the national and local governments.」
The company describes the risk that trends in private-sector capital investment and public works could cause significant fluctuations in construction performance.