Dependence on the Construction Industry and Public Investment
First written in FY2016. 16 of 33 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Gecoss moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 17 of 32 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The business environment in the construction industry in which our group operates saw stable demand for public works and signs of a recovery in private-sector capital investment, but tight labor supply and demand and persistently high construction costs continued, resulting in some projects being subject to plan revisions, cancellation or postponement.」
The risks associated with dependence on the construction industry materialized in the fiscal year's results in the form of project plan revisions, cancellations and postponements against a backdrop of tight labor supply and demand and persistently high construction costs. - 2026-05-11MaterialisedEarnings
「Labor supply and demand remained tight and construction costs stayed high, affecting some projects through plan revisions, cancellations or postponements.」
The effects of dependence on the construction industry, including tight labor supply and demand and elevated construction costs, materialized in the form of project plan revisions, cancellations and postponements. - FY2026-H1MaterialisedAnnual report
「In addition, tight labor supply and demand and rising construction costs continued, and in some projects this resulted in plans being canceled or postponed.」
The risks associated with dependence on the construction industry materialized in the form of project cancellations and postponements against a backdrop of tight labor supply and demand and rising construction costs. - FY2025-H1RestatedAnnual report
「In the construction industry in which our group operates, public investment and large-scale urban redevelopment projects remained solid, and there were signs of a recovery in private-sector capital investment, resulting in steady demand. Meanwhile, tight labor supply and demand due to factors including the 2024 problem, as well as rising labor and logistics costs, have continued.」
While recognizing solid demand from public investment, large-scale redevelopment projects and private-sector capital investment, we have reconfirmed that tight labor supply and demand, as well as rising labor and logistics costs, have continued. - FY2024-Q3RestatedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly for public investment, but profitability remained under pressure as material, logistics and other costs continued to stay high.」
While recognizing solid demand, particularly for public investment, we have reconfirmed the business environment's dependence on the construction industry, where profitability remains under pressure due to persistently high material, logistics and other costs. - FY2024-Q2RestatedAnnual report
「In the construction industry in which our group operates, public investment remained robust and there were signs of a recovery in capital investment, but profitability remained under pressure, mainly due to persistently high material and logistics costs.」
While recognizing the strength of public investment and the recovery in capital investment, we have reconfirmed the business environment's dependence on the construction industry, where profitability remains under pressure due to persistently high material and logistics costs. - FY2024-Q1RestatedAnnual report
「In the construction industry in which our group operates, public investment remained solid and there were signs of a recovery in capital investment, but profitability remained under pressure, mainly due to higher material and logistics costs.」
While recognizing the recovery in public investment and capital investment, we have reconfirmed that profitability remains under pressure due to higher material and logistics costs. - FY2023-Q3RestatedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly for public investment and large-scale urban redevelopment projects, but profitability remained under pressure due to rising material prices and other factors.」
While recognizing solid demand, particularly for public investment and large-scale urban redevelopment projects, we have reconfirmed that profitability remains under pressure due to rising material prices. - FY2023-Q2MitigatedAnnual report
「In the construction industry in which our group operates, public investment remained solid and there were signs of a recovery in demand in the private-sector construction market, but profitability remained under pressure, partly due to rising costs across the board.」
The wording changed from stagnation in demand in the private-sector construction market in the previous quarter to the recognition that there were signs of a recovery in demand. Meanwhile, profitability remained under pressure due to rising costs across the board. - FY2023-Q1WorsenedAnnual report
「In the construction industry in which our group operates, public investment remained firm, but demand in the private-sector building segment stagnated, and difficult conditions continued amid the impact of broad-based price increases.」
Regarding demand in the private-sector construction market, the wording has been strengthened from the previous fiscal year's "slow recovery" to "stagnation," and the difficult situation has continued amid the rising cost of goods. - FY2022WorsenedAnnual report
「In the construction industry in which our group operates, public investment remained solid, but order competition intensified because the recovery in demand in the private-sector building segment was slow. The impact of broad-based price increases also intensified, resulting in difficult conditions.」
While public investment remained solid, the slow recovery in private-sector building demand, intensifying competition for orders, and broad-based price increases combined to create a difficult environment associated with dependence on the construction industry. - FY2022-Q3WorsenedAnnual report
「In the construction industry in which our group operates, public investment remained firm, although signs of stagnation were seen in the recovery of demand in the private-sector building segment. The outlook will need to continue to be monitored closely.」
The wording changed from the previous quarter’s “the recovery in the private-sector building segment is sluggish” to “signs of stagnation are evident in the recovery of demand,” indicating heightened demand risk associated with dependence on the construction industry. - FY2022-Q2MitigatedAnnual report
「In the construction industry in which our group operates, public investment remained at a high and solid level, although demand in the private-sector building segment was still in the process of improving. The outlook will need to continue to be monitored closely.」
Public investment was described as solid at a high level, while the wording for the private-sector building segment changed from “the recovery is sluggish” to “still in the process of improving.” However, demand improvement remains incomplete, and the disclosure states that continued monitoring is necessary. - FY2022-Q1RestatedAnnual report
「In the construction industry in which our group operates, demand remained solid, led by public investment, while the recovery in the private-sector building segment was sluggish. The outlook will need to be monitored closely.」
The business-environment risk associated with dependence on the construction industry has been reconfirmed: demand remained solid, led by public investment, while the recovery in the private-sector building segment was sluggish. - FY2021MaterialisedAnnual report
「In the construction industry in which our group operates, public investment remained solid, although some construction suspensions and postponed starts occurred. In addition, the recovery in demand in the private-sector building segment lacked momentum, and the outlook will need to be monitored carefully.」
The risks associated with dependence on the construction industry were actually reflected in annual performance through construction suspensions and postponed starts and the weak recovery in private-sector building demand. - FY2021-Q3WorsenedAnnual report
「Meanwhile, in the construction industry in which our group operates, some construction suspensions and postponed starts occurred, and recent orders in the private sector remained weak. The outlook will need to be monitored closely.」
In addition to construction suspensions and postponed starts, private-sector orders were described as recently weakening, making the business-environment risk associated with dependence on the construction industry even more concrete. - FY2021-Q2WorsenedAnnual report
「Meanwhile, in the construction industry in which our group operates, construction progress remained solid, particularly in urban areas, excluding construction suspensions and postponed starts at some sites. However, construction order trends, which have recently been weak, will continue to be monitored closely for the time being.」
In addition to construction suspensions and postponed starts at some sites, construction order trends were described as recently weakening, making the business-environment risk associated with dependence on the construction industry more concrete. - FY2021-Q1MaterialisedAnnual report
「Meanwhile, in the construction industry in which our group operates, some sites experienced construction suspensions and postponed starts, but construction progress remained solid, particularly in urban areas.」
The disclosure states that fluctuations in the business environment associated with dependence on the construction industry actually occurred as construction suspensions and postponed starts at some sites. At the same time, it explains that construction progress remained solid, particularly in urban areas. - FY2020MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly in urban areas. Although some construction suspensions were observed due to the novel coronavirus, the impact was limited.」
The disclosure states that, as an effect of the business environment associated with dependence on the construction industry, some construction projects were actually suspended due to the novel coronavirus. - FY2020-Q3RestatedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly in urban areas, while high costs due to labor shortages and increasingly constrained logistics have become chronic.」
The disclosure states that although construction demand remained solid, particularly in urban areas, high costs due to labor shortages and increasingly constrained logistics have become chronic. The business environment driven by conditions in the construction industry has been reconfirmed. - FY2020-Q2RestatedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly in urban areas, while costs continued to remain high due to labor shortages and increasingly constrained logistics.」
Although construction demand remained solid, particularly in urban areas, high costs due to labor shortages and increasingly constrained logistics continued. The business environment driven by conditions in the construction industry has been reconfirmed. - FY2020-Q1RestatedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly in urban areas, including large-scale projects in the Tokyo metropolitan area. Meanwhile, costs remained high due to labor shortages and increasingly constrained logistics.」
Although construction demand remained solid, particularly in urban areas, high costs due to labor shortages and constrained logistics continued. The business environment driven by conditions in the construction industry has been reconfirmed. - FY2019MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly for large-scale projects and other developments in the Tokyo metropolitan area, and the utilization rate of our temporary steel materials was also high. Meanwhile, the trend toward higher costs due to labor shortages, increasingly constrained logistics, and rising steel prices became more pronounced.」
Trends in private-sector and public construction investment continued to be reflected in the utilization rate of temporary steel materials and the cost environment. Demand remained solid, but cost increases due to labor shortages, constrained logistics, and rising steel prices became more pronounced. - FY2019-Q3MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid, led by private-sector construction investment in large-scale projects and other developments in the Tokyo metropolitan area, and the utilization rate of our temporary steel materials remained high. Meanwhile, costs continued to trend higher due to labor shortages and increasingly constrained logistics.」
While solid demand, led by private-sector construction investment, was reflected in high utilization rates for temporary steel materials, cost increases due to labor shortages and constrained logistics also continued to be evident in the business environment. - FY2019-Q2MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid for both private-sector construction investment, centered on large-scale projects in the Tokyo metropolitan area, and public investment. As construction progress was also steady, the utilization rate of our temporary steel materials reached a higher level than before. Meanwhile, costs continued to trend higher due to labor shortages and increasingly constrained logistics.」
Trends in private-sector and public construction investment have been reflected in the utilization rate of temporary steel materials and the cost environment, and the effects of the business environment associated with dependence on the construction industry continue to arise in practice. - FY2019-Q1MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid for both private-sector construction investment, centered on large-scale projects in the Tokyo metropolitan area, and public investment. Meanwhile, costs continued to trend higher due to labor shortages and increasingly constrained logistics.」
Although demand in the construction industry remained solid, cost increases associated with labor shortages and constrained logistics continued to be evident in the business environment. - FY2018-Q3MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly for large-scale projects and public investment in the Tokyo metropolitan area, resulting in high utilization rates for some temporary steel materials and construction machinery. Meanwhile, costs continued to trend higher due to labor shortages and increasingly constrained logistics.」
While construction demand remained solid and utilization rates were high, the effects of the business environment driven by conditions in the construction industry were evident in continued cost increases caused by labor shortages and constrained logistics. - FY2018-Q2MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly for large-scale projects and public investment in the Tokyo metropolitan area. Although the effects of delays in construction start dates and progress remained in some areas, certain temporary steel materials and construction machinery achieved high utilization rates.」
Although construction demand remained solid, the effects of delays in construction start dates and progress persisted in part, and the effects of the business environment associated with dependence on the construction industry continued to be evident in practice. - FY2018-Q1MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained firm, particularly for large-scale projects and public investment in the Tokyo metropolitan area. Although the effects of delays in construction start dates and progress remained, conditions overall continued to be solid.」
Although construction demand remained firm, the effects of delays in construction start dates and progress continued to be evident in the actual business environment. - FY2017-Q3MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained firm in the Tokyo metropolitan area, particularly for large-scale projects, and Olympic and Paralympic-related projects were beginning to move into full swing. However, the effects of delays in construction start dates and progress continued.」
Construction demand remained firm, while delays in construction start dates and progress continued to be evident in the actual business environment. - FY2017-Q2MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained firm in the Tokyo metropolitan area, particularly for large-scale projects, although delays in construction start dates and progress were observed, as were effects including fewer orders in some regions due to declining public investment.」
The risk of being affected by construction demand and public investment trends continues to be evident in the actual business environment through delays in construction starts and progress and regional declines in orders. - FY2017-Q1MaterialisedAnnual report
「Although demand remained firm in the Tokyo metropolitan area, particularly for large-scale projects, delays in construction start dates and progress were observed, as were effects including fewer orders in some regions due to declining public investment.」
The disclosure states that declines in public investment and the resulting reduction in orders were actually observed in the business environment during the quarter. - FY2016First statedAnnual report
「The principal customers of our group are construction companies, and our business environment is closely linked to conditions in the construction industry. Accordingly, our group’s operating performance may be affected by trends in private-sector and public construction investment.」
The disclosure states that declines in public investment, delays in construction starts and progress, and intensifying competition also affected performance for the current fiscal year.