Slowing Public Construction Investment and the Demand Outlook
First written in FY2016. 17 of 29 entries say "Restated". Latest entry: FY2026.
Sankyo Frontier moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 17 of 32 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Government investment continues to remain solid, but material prices continue to rise, and labor shortages are causing delays in construction starts, longer construction periods and the cancellation of construction plans. As a result, the company is unable to meet demand, and this trend is expected to intensify.」
While government investment remains solid, it states that rising material prices and labor shortages are causing delays in construction starts, longer construction periods and the cancellation of construction plans. - 2026-05-12WorsenedEarnings
「Labor shortages have caused delays in construction starts, resulting in longer construction periods and the cancellation of construction plans, leaving the company unable to meet demand. This trend is expected to become even more pronounced.」
The company disclosed that labor shortages are causing delays in construction starts, longer construction periods and the cancellation of construction plans, specifying the impact on its ability to meet demand. - FY2026-H1Improving construction investment outlook and delayed construction starts coexist.Annual report
「In the construction industry, government investment is expected under measures including the National Resilience Implementation Plan, while the outlook for private investment is also improving in response to solid corporate capital investment. At the same time, the situation cannot be viewed optimistically, as higher material and labor costs and labor shortages are causing delays in construction starts.」
While the outlook for government and private investment is improving, it notes delays in construction starts due to higher material and labor costs and labor shortages. - FY2025-H1WorsenedAnnual report
「In the construction industry, both government and private investment have a solid outlook, but the outlook cannot be viewed optimistically due to concerns including shortages of skilled workers at construction sites and the 2024 issue.」
While government and private investment are expected to remain solid, it states that the outlook cannot be viewed optimistically due to shortages of skilled workers at construction sites and concerns about the 2024 issue. - FY2024Construction investment remains solid, but concerns persist about deferred improvement in the outlook and the 2024 issue.Annual report
「In the construction industry, government and private investment both remain solid, but in some areas improvement in the outlook appears to have been deferred, and concerns remain about future impacts together with the response to the 2024 issue.」
While government and private investment remain solid, it notes deferred improvement in the outlook and concerns about the impact of the 2024 issue. - FY2024-Q3WorsenedAnnual report
「In the construction industry, government and private investment both remain solid, but new construction starts appear to be delayed due to persistently high construction costs. Together with the response to the 2024 issue, this has raised concerns about future impacts.」
While government and private investment remain solid, it notes delays in new construction starts due to persistently high construction costs and specifies concerns about the combined impact of this issue and the 2024 issue. - FY2024-Q2Construction investment is expected to remain solid, but concerns remain about the impact of the 2024 issue.Annual report
「In the construction industry, both government and private investment are expected to remain solid, but concerns remain about their future impact, including the response to the 2024 issue.」
While government and private investment are expected to remain solid, it identifies the response to the 2024 issue and related matters as concerns regarding their future impact. - FY2024-Q1RestatedAnnual report
「In the construction industry, government construction investment remains solid, while the outlook for private construction investment has generally weakened, although it continues to trend above the previous fiscal year.」
It reconfirms that government construction investment remains solid and that private construction investment continues to exceed the previous fiscal year despite a weaker outlook. - FY2023Government construction investment remains solid and private investment is expected to exceed the previous year, while the outlook has weakened.Annual report
「In the construction industry, government construction investment remains solid, and although the outlook for private non-residential investment has weakened, it continues to trend above the previous fiscal year.」
It indicates that government construction investment remains solid and private non-residential investment continues to exceed the previous fiscal year, while noting a weaker outlook for private investment. - FY2023-Q3Government construction investment is expected to remain solid and private-sector non-residential investment is expected to exceed the previous year, but uncertainties persist.Annual report
「In the construction industry, government construction investment remains solid, while private construction investment is expected to reach a level at which non-residential investment exceeds the previous fiscal year. At the same time, the situation continues to require close monitoring due to the record-weak yen and soaring construction material prices.」
While government construction investment remains solid and private construction investment is expected to exceed the previous fiscal year in non-residential investment, it identifies the record-weak yen and soaring construction material prices as factors requiring close monitoring. - FY2023-Q2Public and private construction investment remains solid or is recovering, but uncertainties persist.Annual report
「In the construction industry, government construction investment remains solid and private construction investment is also showing signs of recovery. At the same time, the situation continues to require close monitoring due to the effects of a record-weak yen, soaring construction material prices and concerns about a resurgence of COVID-19 infections.」
While government construction investment remains solid and private construction investment is recovering, it identifies the weak yen, higher material prices and a resurgence of infections as factors requiring close monitoring in the demand environment. - FY2022RestatedAnnual report
「The construction and civil engineering industries, which are major customers of our group, see their earnings fluctuate in line with trends in domestic construction investment, including public investment and private-sector capital investment. If there were a substantial reduction in public works or a significant decline in private-sector construction, demand for the services and products provided by our group could fall, potentially affecting our group's performance.」
It reconfirms the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
It is treated as having no significant changes in the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2022-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, there were no significant changes in either the emergence of new business or other risks or the risks described in the securities report for the previous fiscal year.」
It is treated as having no significant changes in the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2021-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, there were no significant changes in either the emergence of new business or other risks or the risks described in the securities report for the previous fiscal year.」
It is treated as having no significant changes in the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is treated as having no significant changes in the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2020RestatedAnnual report
「The construction and civil engineering industries, which are major customers of our group, see their earnings fluctuate in line with trends in domestic construction investment, including public investment and private-sector capital investment. If there were a substantial reduction in public works or a significant decline in private-sector construction, demand for the services and products provided by our group could fall, potentially affecting our group's performance.」
It reconfirms the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
It is treated as having no significant changes in the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2020-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, there were no significant changes in either the emergence of new business or other risks or the risks described in the securities report for the previous fiscal year.」
It is treated as having no significant changes in the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is treated as having no significant changes in the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2019RestatedAnnual report
「The construction and civil engineering industries, which are major customers of our group, see their earnings fluctuate in line with trends in domestic construction investment, including public investment and private-sector capital investment. If there were a substantial reduction in public works or a significant decline in private-sector construction, demand for the services and products provided by our group could fall, potentially affecting our group's performance.」
It reconfirms the risk of declining demand resulting from fluctuations in public investment and private-sector capital investment. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
It is treated as having no significant changes in the risks related to slowing public construction investment and the demand outlook. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is treated as having no significant changes in the risks related to slowing public construction investment and the demand outlook. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
It is treated as having no significant changes in the existing business and other risks. - FY2017DroppedAnnual report
「In the unit house industry, demand has remained high due to special construction demand associated with disaster recovery and the Tokyo Olympics, among other factors, but」
The previously stated reference to slowing public construction investment is not explicitly included in the current fiscal year's performance or risk disclosures. - FY2017-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
It is treated as having no significant changes in the risks related to slowing public construction investment and the demand outlook. - FY2017-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, there were no significant changes in either the emergence of new business or other risks or the risks described in the securities report for the previous fiscal year.」
It is treated as having no significant changes in the risks related to slowing public construction investment and the demand outlook. - FY2017-Q1RestatedAnnual report
「In the unit house industry, private-sector capital investment remains solid, but public construction investment is slowing, and the outlook cannot be viewed optimistically.」
While private-sector capital investment remains solid, it reiterates the slowdown in public construction investment and concerns about the outlook. - FY2016First statedAnnual report
「Public construction investment is slowing, and the outlook cannot be viewed optimistically.」
For the unit house industry, it identifies slowing public construction investment as a risk factor in the demand environment.