Dependence of Results on Construction Investment Trends
First written in FY2022. 6 of 12 entries say "Restated". Latest entry: 2026-08-10.
Asnova moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2024: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026RestatedAnnual report
「Public investment remained firm, but new housing starts remained low in the housing market because of high construction-material prices and concerns about higher interest rates, potentially affecting the Group’s operating environment and requiring close monitoring.」
The company continues to describe the coexistence of firm public investment and a sluggish housing market amid high material prices and concerns about higher interest rates. - 2026-05-14MaterialisedOccurring Fact
「Although rental demand remained firm because of solid construction demand, the recovery in delayed construction starts was slower than expected, delaying the dispatch of rental assets. As a result, rental revenue fell below the earnings forecast announced in February 2026.」
The slower-than-expected recovery in delayed construction starts materialized as delays in dispatching rental assets and rental revenue falling short of the forecast. - FY2026-H1WorsenedAnnual report
「Demand related to housing in private-sector projects affecting the Group’s results stagnated, while public investment remained firm.」
Whereas previous disclosures referred to recovering private investment, FY2026-H1 described stagnant housing-related demand, making the downside factor in construction investment trends more specific. - FY2025-H1RestatedAnnual report
「In Japan’s construction industry, which affects the Group’s results, public investment remains firm and private investment shows signs of recovery, but elevated construction-material prices and concerns about a global recession could affect our operating environment and require close monitoring.」
The company reaffirms the coexistence of firm public investment and recovering private investment with high construction-material prices and global recession risk. - FY2024WorsenedAnnual report
「In Japan’s construction industry, which affects the Group’s results, public investment remained firm, but the number of new housing starts remained low because of high construction-material prices and concerns about higher interest rates, potentially affecting our operating environment and requiring close monitoring.」
The company made the construction-investment risk more specific by noting low housing starts amid high construction-material prices and concerns about higher interest rates, despite firm public investment. - FY2024-Q2RestatedAnnual report
「In Japan’s construction industry, which affects the Group’s results, public investment remains firm and private investment shows signs of recovery, but elevated construction-material prices and concerns about a global recession could affect our operating environment and require close monitoring.」
The company reaffirms the coexistence of firm public investment and recovering private investment with high construction-material prices and global recession risk. - FY2023RestatedAnnual report
「In Japan’s construction industry, which affects our results, public investment remains firm and private investment shows signs of recovery, but elevated construction-material prices and concerns about a global recession could affect the Group’s operating environment and require close monitoring.」
The company reaffirms the coexistence of firm public investment and recovering private investment with high construction-material prices and global recession risk. - FY2023-Q3RestatedAnnual report
「In Japan’s construction industry, which affects the Group’s results, public investment remains firm and private investment shows signs of recovery, but elevated construction-material prices and concerns about a global recession could affect our operating environment and require close monitoring.」
The company reaffirms that, although public investment remains firm and private investment is recovering, high construction-material prices and global recession risk could affect results. - FY2022First statedAnnual report
「Our principal business is renting temporary equipment for construction. Because our main products are temporary equipment used primarily at construction sites, our results tend to be affected by construction investment trends.」
The company states that fluctuations in private capital investment and public-works budgets could affect rental demand and results.