Contraction of the Construction Market Due to the Declining Birthrate, an Aging Population and Fiscal Strain
First written in FY2016. 15 of 19 entries say "Restated". Latest entry: FY2026.
Fukui Computer Holdings moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 4 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition, the construction industry is required to meet higher standards while its human resources are constrained, including by responding to the start of BIM drawing reviews, revising project schedules on the assumption of shorter working hours and a five-day workweek under work-style reform, mandatory compliance with energy-saving standards in the building sector as a climate-change measure, and expanding demand for national resilience in the civil engineering sector to promote disaster prevention and mitigation.」
In addition to concerns about market contraction, the company has further specified the areas in which the construction industry is required to respond, including BIM drawing reviews, project scheduling based on a five-day workweek, mandatory compliance with energy-saving standards, and demand for national resilience. - 2026-05-08RestatedEarnings
「In the construction industry, in addition to labor shortages and long working hours, companies are required to address rising labor and material costs and the cap on overtime hours introduced under work-style reforms, prompting active investment in DX and digitalization.」
Labor shortages, long working hours, rising costs, and regulatory compliance requirements in the construction industry continue to be described as business-environment factors. - FY2025WorsenedAnnual report
「In addition to efforts to reduce working hours following the application of laws related to work-style reform from April 2024 and the requirement to address global environmental concerns, including climate change, the application of the revised Building Standards Act and the Building Energy Efficiency Act from April 2025 is expected to advance the sophistication of building standards and design work,」
In addition to the risk of market contraction, the company has identified the need to respond to the revised Building Standards Act and Building Energy Efficiency Act from April 2025, and the resulting advancement of building standards and design work, as new burdens in the business environment. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, 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.」
The company has reaffirmed that there have been no new risks or material changes to existing risks. - FY2024WorsenedAnnual report
「The construction industry, the market in which our group operates, is expected to face a medium- to long-term contraction in market size as a result of declining birthrates, population aging, and fiscal strain. In addition, as companies are required to reduce working hours following the application of laws related to work-style reform from April 2024 and to address global environmental concerns, including climate change,」
In addition to the previous outlook for market contraction due to demographic trends and fiscal constraints, the company has identified responding to work-style reform and environmental concerns as challenges for the construction industry. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company has reaffirmed that there have been no new business or other risks or material changes to existing risks. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company has reaffirmed that there have been no new risks or material changes to existing risks. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no new business or other risks and no material changes to existing risks. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no new business or other risks and no material changes to existing risks. It also indicates that there have been no material changes to the details of the risk of construction market contraction due to declining birthrates, population aging, and fiscal strain. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no new business or other risks and no material changes to existing risks. - FY2022RestatedAnnual report
「The construction industry in which our group operates is expected to experience a contraction in market size over the medium to long term as a result of declining birthrates, population aging, and fiscal strain.」
The company has reaffirmed the outlook for a medium- to long-term contraction in the construction market against a backdrop of declining birthrates, population aging, and fiscal strain. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure reconfirms that no new business or other risks have arisen and that there have been no material changes to existing risks. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The disclosure reconfirms that no new business or other risks have arisen and that there have been no material changes to existing risks. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company concludes that there have been no new business or other risks and no material changes to existing risks. - FY2021RestatedAnnual report
「The construction industry in which our group operates is expected to experience a contraction in market size over the medium to long term as a result of declining birthrates, population aging, and fiscal strain.」
The company has reaffirmed the outlook for a medium- to long-term contraction in the construction market against a backdrop of declining birthrates, population aging, and fiscal strain. - FY2019RestatedAnnual report
「The architectural market is expected to contract due to declining birthrates, population aging, and a decline in the number of households. In the surveying and civil engineering industries, public investment is expected to provide a certain level of demand in the short term, but the market is expected to contract over the medium to long term against a backdrop of population decline and fiscal constraints.」
The company has reaffirmed the outlook for a medium- to long-term contraction in the architectural, surveying, and civil engineering markets, together with the same factors as previously identified. - FY2018RestatedAnnual report
「The business environment surrounding our group is expected to include a contraction in the architectural market due to declining birthrates, population aging, and a decline in the number of households. In the surveying and civil engineering industries, public investment is expected to provide a certain level of demand in the short term, but the market is expected to contract over the medium to long term against a backdrop of population decline and fiscal constraints.」
The company has reaffirmed the outlook for a medium- to long-term contraction in the architectural, surveying, and civil engineering markets, together with declining birthrates, population aging, population decline, a decline in the number of households, and fiscal constraints. - FY2017RestatedAnnual report
「The business environment surrounding our group is expected to include a contraction in the detached-house market due to declining birthrates, population aging, and a decline in the number of households. Public investment is expected to provide a certain level of demand in the short term, but the market is expected to contract over the medium to long term against a backdrop of population decline and fiscal constraints.」
The company has reiterated its outlook for a medium- to long-term contraction in the housing and public investment markets against a backdrop of declining birthrates, population aging, declines in the number of households and population, and fiscal constraints. - FY2016First statedAnnual report
「The construction industry in which our group operates is expected to experience a contraction in market size over the medium to long term as a result of declining birthrates, population aging, and fiscal strain.」
The company recognizes the medium- to long-term contraction of the construction industry market as a business environment risk.