Declining Public Investment, Competition for Orders and Construction Cost Pressures
First written in FY2017-Q2. 25 of 32 entries say "Restated". Latest entry: FY2027-H1.
Subaru Enterprise moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 17 of 27 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the road construction industry, public investment remained solid, supported in part by the government's continued promotion of disaster prevention and mitigation and national resilience measures. However, the challenging business environment persisted, with chronic shortages of construction workers and continued increases in labor costs and equipment and materials prices.」
While public investment remained solid, the company reconfirmed the challenging business environment created by chronic shortages of construction workers and continued increases in labor costs and equipment and materials prices. - 2026-09-08RestatedEarnings
「The challenging business environment continued, including a persistent shortage of skilled construction workers and continued increases in labor and equipment and materials costs.」
The Company reconfirms that shortages of skilled construction workers and continuing increases in labor and equipment and materials costs remain issues. - FY2026WorsenedAnnual report
「Meanwhile, the operating environment surrounding the group remains uncertain, due to the worsening shortage of skilled workers resulting from the aging workforce and declining numbers of young entrants, soaring equipment and materials prices, and the prolonged rise in energy costs.」
The disclosure explicitly identifies the worsening shortage of skilled workers, soaring equipment and materials prices, and the prolonged rise in energy costs, broadening the personnel and cost pressures facing the construction business. - 2026-03-16WorsenedEarnings
「In civil engineering and road construction, amid continuing competition for orders, the Company worked to secure orders, primarily for bridge repair projects. Although it sought to secure sales through the completion of large-scale highway projects, net sales declined year on year, partly because orders for large-scale projects on general roads decreased from the previous fiscal year.」
The decline in orders for large-scale general-road projects materialized as lower sales amid continuing competition for orders. - FY2026-H1WorsenedAnnual report
「Amid fierce competition for orders in road civil engineering works, the company worked to secure orders for various projects, including bridge repair work. However, orders for large-scale projects declined from the previous fiscal year, while revenue from road maintenance operations, which are primarily conducted under annual contracts, declined because orders for some work were deferred to the following quarter or later.」
The disclosure cites fierce competition for orders, a decline in orders for large-scale projects, and lower revenue resulting from the deferral of some road maintenance orders to the following quarter or later, making the pressure on both orders and contracting more concrete. - FY2025-H1WorsenedAnnual report
「In the road construction industry, public investment remained solid, supported in part by the government's promotion of disaster prevention and mitigation and national resilience measures. However, the operating environment remained uncertain, as the chronic shortage of construction workers and the urgent need to respond to the Work Style Reform legislation, which also took effect in the construction industry in April, continued to pose challenges.」
While public investment remained solid, the company identified the chronic shortage of construction workers and the urgent need to respond to the Work Style Reform legislation that took effect in April as key challenges. - FY2025-Q1RestatedAnnual report
「In the road industry, public investment remained resilient, supported in part by the government's continued promotion of disaster prevention and mitigation and national resilience measures. However, the business environment remained uncertain, with chronic shortages of construction workers and continued increases in labor costs and equipment and materials prices.」
While recognizing the resilience of public investment driven by disaster prevention and mitigation and national resilience measures, the company reconfirmed its recognition that chronic shortages of construction workers and continued increases in labor costs and equipment and materials prices would persist. - FY2024RestatedAnnual report
「In the road industry, public investment remained resilient, supported in part by the government's continued promotion of disaster prevention and mitigation and national resilience measures. However, the business environment remained uncertain, with chronic shortages of construction workers and continued increases in labor costs and equipment and materials prices.」
While public investment remained resilient, the company reconfirmed its recognition that chronic shortages of construction workers and continued increases in labor costs and equipment and materials prices would persist. - FY2024-Q2RestatedAnnual report
「In the road industry, public investment remained solid, supported in part by the government's continued promotion of disaster prevention and mitigation and national resilience measures. However, the business environment remained uncertain, with a shortage of construction workers across the industry and continued increases in labor costs and equipment and materials prices.」
While public investment remained solid due to disaster prevention and mitigation and national resilience measures, the company reconfirmed the challenging business environment caused by shortages of construction workers and continued increases in labor costs and equipment and materials prices. - FY2024-Q1RestatedAnnual report
「In the road industry, public investment remained resilient, supported in part by the government's continued promotion of disaster prevention and mitigation and national resilience measures. However, the business environment remained uncertain, with chronic labor shortages and continued increases in labor costs, equipment and materials prices.」
While recognizing the resilience of public investment driven by disaster prevention and mitigation and national resilience measures, the company reconfirmed the challenging business environment created by chronic labor shortages and continued increases in labor costs and equipment and materials prices. - FY2023-Q3WorsenedAnnual report
「In the road industry, public investment remained resilient, supported in part by the government's continued promotion of disaster prevention and mitigation and national resilience measures. However, the business environment remained uncertain, with chronic labor shortages, intensifying competition for orders, and continued increases in labor costs, equipment and materials prices, and fuel prices.」
While public investment remained resilient, the disclosure broadens the scope of cost pressures to include chronic labor shortages, intensifying competition for orders, and rising labor, equipment and materials, and fuel costs. - FY2023-Q2RestatedAnnual report
「In the road industry, public investment remained firm, supported by the continued promotion of the government's disaster prevention and mitigation and National Resilience measures. However, difficult conditions continued as chronic labor shortages, intensifying competition for orders, and the upward trend in labor costs and material and construction equipment prices persisted.」
While acknowledging the firmness of public investment resulting from disaster prevention and mitigation and National Resilience measures, the company reconfirmed its view that labor shortages, competition for orders, and increases in labor costs and material and construction equipment prices would continue. - FY2023-Q1RestatedAnnual report
「In the road industry, public investment remained firm, supported by the continued promotion of the government's disaster prevention and mitigation and National Resilience measures. However, difficult conditions continued as chronic labor shortages and the upward trend in labor costs and material and construction equipment prices persisted.」
While acknowledging the firmness of public investment resulting from disaster prevention and mitigation and National Resilience measures, the company reconfirmed its view that chronic labor shortages and the upward trend in labor costs and material and construction equipment prices would continue. - FY2022-Q3RestatedAnnual report
「In the road-related business, public investment in the maintenance and repair field remained firm due to the continued execution of related budgets, including those for the government's disaster prevention and mitigation and National Resilience measures. However, difficult conditions continued as labor shortages in the industry and the upward trend in labor costs and material and construction equipment prices persisted.」
While acknowledging the firmness of public investment resulting from disaster prevention and mitigation and National Resilience measures, the company reconfirmed the difficult business environment in which labor shortages and increases in labor costs and material and construction equipment prices continued. - FY2022-Q2RestatedAnnual report
「In the road-related business, public investment remained firm due to the continued execution of related budgets, including those for the government's disaster prevention and mitigation and National Resilience measures. However, difficult conditions continued as labor shortages in the industry and the upward trend in labor costs and material and construction equipment prices persisted.」
While acknowledging the firmness of public investment resulting from disaster prevention and mitigation and National Resilience measures, the company reconfirmed the difficult business environment in which labor shortages and the upward trend in labor costs and material and construction equipment prices continued. - FY2022-Q1RestatedAnnual report
「In the road-related business, public investment remained solid as the government continued to implement disaster prevention and mitigation measures and National Resilience measures. However, difficult conditions continued as labor shortages across the industry and the upward trend in labor costs and material and construction equipment prices persisted.」
While acknowledging the strength of public investment resulting from disaster prevention and mitigation and National Resilience measures, the company reconfirmed the difficult business environment in which labor shortages and the upward trend in labor costs and material and construction equipment prices continued. - FY2021RestatedAnnual report
「In the road-related business, public investment remained solid due to the execution of related budgets, including those for the government's National Resilience Plan. However, difficult conditions continued due to increases in labor costs caused by shortages of skilled construction workers and soaring material and construction equipment prices.」
While acknowledging the strength of public investment, the company reconfirmed the difficult business environment, including higher labor costs caused by shortages of skilled construction workers and soaring material and construction equipment prices. - FY2021-Q3RestatedAnnual report
「In the road-related business, public investment remained solid as the government executed related budgets, including those for its National Resilience Plan,」
The company reiterated its view that public investment remained solid due to the execution of related budgets, including those for the National Resilience Plan. - FY2021-Q2RestatedAnnual report
「In the road-related business, public investment, including infrastructure development to address aging infrastructure, remained solid,」
The company stated that public investment, including infrastructure development to address aging infrastructure, remained solid, reconfirming its previous view of the business environment for the road-related business. - FY2020-Q3RestatedAnnual report
「In the road-related business, public investment became increasingly firm, but difficult conditions continued due to increases in labor costs and material and construction equipment prices, chronic shortages of skilled construction workers, and intensifying competition among companies for orders.」
While public investment became increasingly firm, the company reiterated the business environment in which labor costs and material and construction equipment prices were rising, shortages of skilled workers remained chronic, and competition for orders intensified. - FY2020-Q2RestatedAnnual report
「In the road-related business, public investment remained firm, but difficult conditions continued due to increases in labor costs and material and construction equipment prices, chronic shortages of skilled construction workers, and intensifying competition among companies for orders.」
While public investment remained firm, the company reiterated the business environment in which labor costs and material and construction equipment prices were rising, shortages of skilled construction workers remained chronic, and competition for orders intensified. - FY2020-Q1RestatedAnnual report
「In the road-related business, public investment remained firm, but difficult conditions continued due to chronic shortages of skilled construction workers and intensifying competition among companies for orders.」
While public investment remained firm, the company reiterated the business environment in which chronic shortages of skilled construction workers and intensifying competition for orders continued. - FY2019RestatedAnnual report
「In the road-related business, public investment in the maintenance and repair of roads, bridges and other infrastructure remained firm, but difficult conditions continued due to chronic shortages of skilled construction workers and fierce competition among companies for orders.」
While public investment remained firm, the company reiterated the business environment in which chronic shortages of skilled construction workers and fierce competition for orders continued. - FY2019-Q3RestatedAnnual report
「In the road-related business, public investment remained firm and was expected to continue, but difficult conditions continued due to shortages of skilled construction workers and fierce competition among companies for orders.」
While public investment remained firm and was expected to continue, the company reiterated the difficult business environment caused by shortages of skilled construction workers and fierce competition for orders. - FY2019-Q2RestatedAnnual report
「In the road-related business, public investment remained firm, but difficult conditions continued due to shortages of skilled construction workers and fierce competition among companies for orders.」
While public investment remained firm, the company continued to identify shortages of skilled construction workers and fierce competition among companies for orders as business-environment pressures. - FY2018WorsenedAnnual report
「However, the business environment remained difficult due to chronic shortages of skilled construction workers, increases in labor costs and material and construction equipment prices, and intensifying competition among companies for orders.」
The company explicitly noted that shortages of skilled construction workers had become chronic and that labor costs and material and construction equipment prices had risen, expanding its description of business pressures alongside the existing intensification of competition for orders. - FY2018-Q3RestatedAnnual report
「In the road-related business, public investment remained at a high level, and the maintenance and repair field also remained solid, centered on the repair and seismic retrofitting of existing infrastructure such as roads and bridges. However, difficult conditions continued due to shortages of skilled construction workers and intensifying competition for orders.」
While public investment and demand for infrastructure repairs remained solid, the company continued to identify shortages of skilled construction workers and intensifying competition for orders as risks. - FY2018-Q2RestatedAnnual report
「In the road-related business, public investment in disaster prevention and mitigation measures and in aging roads and bridges remained solid, particularly in the maintenance and repair field. However, shortages of skilled construction workers and competition for orders intensified, and difficult conditions continued.」
While public investment in the maintenance and repair field remained solid, shortages of skilled construction workers and intensifying competition for orders continued. - FY2018-Q1RestatedAnnual report
「The road-related business remained firm, mainly in disaster prevention and mitigation measures and the maintenance and repair of aging social infrastructure, but difficult conditions continued due to shortages of skilled construction workers and intensifying competition for orders.」
While demand for disaster prevention and mitigation and the maintenance and repair of aging social infrastructure remained firm, shortages of skilled construction workers and intensifying competition for orders continued. - FY2017RestatedAnnual report
「In the road-related business, public investment remained firm, but conditions remained difficult due to shortages of skilled construction workers and trends in material and construction equipment prices, which continued to require close attention. Demand for infrastructure development, including aging roads, road-related facilities and bridges, increased in the road maintenance and repair business, the company's core business, but competition for orders intensified due to the large number of competitors.」
While public investment remained firm and demand for infrastructure development increased, shortages of skilled workers, fluctuations in material prices, and intensifying competition for orders continued. - FY2017-Q3RestatedAnnual report
「In the road business, public investment trended gradually downward but remained firm due to the execution of supplementary budgets and other factors. However, severe competition among companies for orders continued, as did difficult conditions due to shortages of skilled construction workers and fluctuations in material and construction equipment prices.」
While public investment remained firm due to the execution of supplementary budgets, risks from severe competition for orders, shortages of skilled construction workers, and fluctuations in material and construction equipment prices continued. - FY2017-Q2First statedAnnual report
「In the road business, competition among companies for orders intensified as public investment continued to trend gradually downward, and difficult conditions persisted due to shortages of skilled construction workers and fluctuations in material and construction equipment prices.」
The company identified the declining trend in public investment, intensifying competition for orders, shortages of skilled construction workers, and fluctuations in material and construction equipment prices as risks to the road business.