Increasing Uncertainty in the Business Environment Stemming from the 2024 Issues Facing the Logistics and Construction Industries
First written in FY2024. 1 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2025DroppedAnnual report
「Although the operating environment surrounding the Group is expected to remain uncertain due to trends in raw material prices and exchange rates and the impact of US tariff policies, it is expected to remain firm, supported by redevelopment in major metropolitan areas and continued demand for capital investment by companies.」
The 2024 problem in the logistics and construction industries, which was described in the previous fiscal year, is not explicitly mentioned in the current year's descriptions of the management environment or business risks. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the interim consolidated accounting period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the uncertainty in the business environment arising from the 2024 problem in the logistics and construction industries as a business risk. - FY2024First statedAnnual report
「Although the management environment surrounding our Group is expected to remain uncertain due to the impact of the 2024 problem in the logistics and construction industries and trends in raw material prices, it is expected to remain firm against a backdrop of continued redevelopment in major metropolitan areas and sustained demand for capital investment by companies.」
The impact of the 2024 problem in the logistics and construction industries is explicitly identified for the first time, together with trends in raw material prices, as a factor contributing to an uncertain outlook.