Dependence on Construction Waste and the Construction Industry
First written in FY2022-Q3. 4 of 7 entries say "Restated". Latest entry: 2026-08-12.
The whole theme swung hardest in 2026: 39 of 122 companies on the "Worse" side.
- 2026-08-12RestatedEarnings
「Construction demand remains strong, and construction orders have increased for 5 consecutive years. However, labor shortages are becoming more severe, leading to restrained order-taking, shorter operating hours and longer delivery times. The number of new housing starts is expected to continue its long-term decline as actual demand contracts because higher housing prices and rising interest rates have outpaced income growth.」
Although growth in construction orders was reported, labor shortages and the long-term decline in new housing starts were also identified, indicating continued uncertainty associated with reliance on the construction industry. - FY2026RestatedAnnual report
「Construction orders have been trending higher against a backdrop of inflation and price pass-through, while new housing starts remain sluggish due to higher construction costs and other factors.」
Construction orders began to trend higher, while new housing starts remained sluggish, leaving the risks associated with dependence on the construction industry. - FY2026-H1WorsenedAnnual report
「Although construction demand remains strong, construction orders have remained somewhat sluggish because companies are pursuing orders cautiously after assessing profitability and construction schedules. New housing starts have continued to decline due to higher construction costs.」
Although construction demand is described as strong, construction orders remain sluggish due to cautious order-taking, and the decline in housing starts continues. - FY2025-H1RestatedAnnual report
「In the construction industry, which is closely related to our Group, construction orders have remained firm despite the effects of higher material prices and labor costs, while new housing starts have remained sluggish in response to rising housing prices.」
Construction orders remain firm, while new housing starts are sluggish, and the uncertain conditions associated with dependence on the construction industry continue. - FY2024-Q3RestatedAnnual report
「The construction industry, which is closely related to our Group, remains uncertain. Construction orders are at a high level despite higher material prices and labor costs, while new housing starts have remained sluggish due to higher construction costs.」
Construction orders remain at a high level, while new housing starts are sluggish, and uncertainty related to dependence on the construction industry continues. - FY2024-Q1MaterialisedAnnual report
「The construction industry, which is closely related to our Group, remains uncertain. Construction orders have been affected by higher prices and delivery delays for a wide range of materials, resulting in impacts on construction schedules, while new housing starts have remained sluggish due to higher construction costs.」
Among customers in the construction sector, higher material prices and delivery delays have affected construction schedules, while housing starts have remained sluggish. However, the same filing also stated that orders for large-scale projects had recovered. - FY2022-Q3First statedAnnual report
「Much of the waste handled by our Group's waste treatment and recycling business consists of industrial waste from construction sites, and our customers are heavily concentrated among general contractors and housebuilders.」
The concentration of customers and waste sources in the waste treatment and recycling business in the construction sector was identified as a risk.