Gradual increase in estimated construction costs
First written in FY2017-Q3. 6 of 14 entries say "Restated". Latest entry: FY2026.
Nagawa moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 4 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In the construction industry, public- and private-sector construction investment is expected to remain firm, but the business environment is likely to remain unpredictable, with uncertainty continuing due to labour shortages and higher material and labour costs caused by shortages of petroleum-derived raw materials. The application of laws related to work-style reform is also creating a need to secure personnel and respond to changes in working conditions by setting appropriate construction periods.」
Public- and private-sector construction investment is viewed as firm, while labour shortages, shortages of petroleum-derived raw materials, and higher material and labour costs are identified as key challenges. - FY2025ReframedAnnual report
「In the construction industry, public- and private-sector construction investment is expected to remain firm, but the business environment is likely to remain unpredictable, with uncertainty continuing due to factors such as labour shortages and higher material and labour costs. The application of laws related to work-style reform is also creating a need to secure personnel and respond to changes in working conditions by setting appropriate construction periods.」
Public- and private-sector construction investment is viewed as firm, while labour shortages, higher material and labour costs, and compliance with laws related to work-style reform are identified as key challenges. - FY2024ReframedAnnual report
「Although construction investment is expected to remain firm in both the public and private sectors, the operating environment is expected to remain uncertain, with the application of laws related to work-style reform requiring the company to secure personnel and respond to changes in site conditions through appropriate construction-period planning, among other matters.」
The assessment has shifted from a focus on flat construction activity overall and uncertainty to viewing public- and private-sector construction investment as firm while identifying work-style reform, securing personnel and responding to appropriate construction periods as new challenges. - FY2023ReframedAnnual report
「Although expectations for a temporary improvement in the order environment have emerged on the back of supplementary budgets following the end of the COVID-19 pandemic, the business environment is expected to remain unpredictable due to soaring material prices and uncertainty over the outlook for the international situation.」
The assessment has shifted from viewing construction work as a whole as flat and relatively firm to combining expectations for a temporary improvement driven by supplementary budgets with uncertainty arising from soaring material prices and the international situation. - FY2022-Q1ReframedAnnual report
「In addition, construction work, including public works, was broadly flat.」
The description has shifted from the previous period's divided view that public investment was firm while private-sector capital investment was stagnant to describing construction work as a whole, including public works, as broadly flat. - FY2021ReframedAnnual report
「In the construction industry, public investment remained firm, while private-sector capital investment stagnated.」
The assessment has shifted from viewing the projected value of construction work as flat but relatively firm to a divided view in which public investment is firm while private-sector capital investment is stagnant. - FY2020RestatedAnnual report
「Public investment remained firm, while private-sector capital investment was flat.」
The construction market is described as one in which public investment is firm while private-sector capital investment is flat. - FY2020-Q1RestatedAnnual report
「Construction work, including public works, was broadly flat and remained firm.」
The assessment that construction work, including public works, is broadly flat continues. - FY2018RestatedAnnual report
「The projected value of construction work, including public works, was broadly flat and remained relatively firm.」
The assessment that the projected value of construction work is broadly flat continues. - FY2018-Q3RestatedAnnual report
「Projected construction costs are broadly flat.」
The filing continues to cite industry data showing that projected construction costs are broadly flat. - FY2018-Q2RestatedAnnual report
「Projected construction costs are broadly flat.」
The filing continues to cite industry data showing that projected construction costs are broadly flat. - FY2018-Q1Projected construction costs broadly flatAnnual report
「In the unit-house, modular and system construction, and construction equipment rental industries, private-sector capital investment has been trending upward, particularly among large companies, while the planned value of construction work has remained broadly flat.」
The description has changed from “projected construction costs are gradually increasing” in the previous filing to “broadly flat.” - FY2017RestatedAnnual report
「In the unit-house, modular and system construction, and construction equipment rental industries, the recovery in private-sector capital investment has stalled, although the planned value of construction work has been increasing gradually.」
The gradual increase in projected construction costs is cited again as full-year industry data. - FY2017-Q3First statedAnnual report
「In the unit-house, modular and system construction, and construction equipment rental industries, the recovery in private-sector capital investment has stalled, although the planned value of construction work has been increasing gradually.」
The filing cites industry data showing that projected construction costs are gradually increasing.