Expansion of Losses in the Construction Business Due to Rising Construction Costs
First written in FY2019-Q2. 6 of 9 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2026.
T.O. Holdings moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2019: 6 of 16 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Operating income secured a certain level, but fell below the previous fiscal year because many projects had low profit margins and for other reasons.」
The construction business posted higher revenue due to orders for large-scale projects, while the high number of low-margin projects materialized as a 26.9% year-on-year decline in operating income. - FY2025MaterialisedAnnual report
「Net sales exceeded the previous fiscal year as projects under construction were completed, but operating income fell below the previous fiscal year because profitability declined as costs rose owing to soaring material and labor prices.」
Higher construction costs caused by soaring material and labor prices appeared as a decline in profitability, and the construction business posted higher revenue but lower operating income than in the previous fiscal year. - FY2025-H1RestatedAnnual report
「In private-sector construction, the challenging order environment caused by soaring material prices continues, but」
The challenging order environment in private-sector construction against the backdrop of soaring material prices continues to be reaffirmed. Meanwhile, the construction business posted higher revenue and returned to profitability in the interim period. - FY2024MaterialisedAnnual report
「Net sales exceeded the previous fiscal year as projects under construction were completed, but operating income fell below the previous fiscal year because profitability declined as costs rose owing to soaring material and labor prices.」
Higher costs caused by soaring material and labor prices appeared as a decline in profitability, and the construction business posted higher revenue but lower operating income than in the previous fiscal year. - FY2024-Q2RestatedAnnual report
「In private-sector construction, a wait-and-see approach to capital investment due to soaring material prices continues, but orders remained firm despite the challenging environment.」
The disclosure states that demand for capital investment in private-sector construction remains stagnant against the backdrop of soaring material prices, while orders remain firm. - FY2024-Q1RestatedAnnual report
「In private-sector construction, a wait-and-see approach to capital investment due to soaring material prices continues, but orders remained firm despite the challenging environment.」
The disclosure states that demand for capital investment in private-sector construction remains stagnant against the backdrop of soaring material prices, while orders remain firm. - FY2023-Q3MaterialisedAnnual report
「In private-sector construction, demand for capital investment declined as a result of soaring material prices, and net sales fell below the year-earlier level. Profitability also declined as costs increased, resulting in a loss.」
The decline in private-sector construction demand for capital investment caused by soaring material prices and higher costs materialized as lower revenue and an operating loss of ¥12 million in the construction business. - FY2020-Q1MaterialisedAnnual report
「On the profit side, the company reported a loss as construction costs increased owing to soaring material expenses, higher labor costs and other factors.」
The increase in construction costs caused by higher material and labor costs materialized as an operating loss in the construction business. - FY2019-Q2MaterialisedAnnual report
「On the profit side, the loss widened owing to higher construction costs and other factors.」
The disclosure newly states that higher construction costs materialized as a widening loss in the construction business.