Delays in Project Starts and Construction Progress Due to Labor Shortages in the Construction Industry
First written in FY2016. 11 of 27 entries say "Restated". 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 2022: 6 of 14 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「However, tight labor supply and demand and persistently high construction costs continued, resulting in some projects being subject to plan revisions, cancellation or postponement.」
It described labor shortages and tight labor supply and demand, together with rising construction costs, as factors affecting projects through plan revisions, cancellations and postponements. - FY2026-H1WorsenedAnnual 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.」
In addition to the ongoing concern over tight labor supply and demand, its impact has become more concrete in the form of project cancellations and postponements associated with rising construction costs. - FY2025-H1RestatedAnnual report
「Meanwhile, tight labor supply and demand due to factors including the 2024 problem, as well as rising labor and logistics costs, have continued.」
We have reconfirmed that tight labor supply and demand caused by factors including the 2024 problem has continued, accompanied by rising labor and logistics costs. - FY2024WorsenedAnnual report
「Although robust demand is expected to continue in fiscal 2024, concerns include the persistently high cost of goods, as well as labor shortages caused by the so-called 2024 problem and the resulting higher costs.」
In addition to the previously identified issues of labor shortages and delays in construction starts, labor shortages and higher costs caused by the 2024 problem were explicitly identified, giving more concrete form to concerns about the business environment in the following fiscal year. - FY2024-Q3MitigatedAnnual report
「In the heavy temporary works business, sales and profit both increased, mainly in sales and construction, as projects got off to a smooth start,」
While delays in starting construction and processing projects had been cited as a factor affecting results through the previous quarter, this quarter states that projects got off to a smooth start. It does not explicitly state that this was due to measures addressing labor shortages. - FY2023-Q3MaterialisedAnnual report
「Due to delays in starting construction and processing projects and the impact of temporary cost increases associated with the acquisition of subsidiaries, among other factors」
It states that delays in starting construction and processing projects actually reduced operating income and ordinary income during the cumulative third quarter. The current description does not explicitly identify labor shortages as the cause of the delays in construction starts. - FY2021RestatedAnnual report
「Along with improving the working environment at our factories, we are upgrading the performance of automated descaling machines for steel sheet piles and introducing descaling machines for steel plates laid on the ground, in order to address the future decline in the working-age population.」
We have reconfirmed the future challenge posed by the declining working-age population and are proceeding with upgrades and the introduction of automated equipment as countermeasures. - FY2021-Q3RestatedAnnual 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.」
It states that work stoppages and delays in construction starts continue in some areas. Although labor shortages are not explicitly identified as the cause, it reconfirms the actual impact of delays in construction starts and progress. - FY2021-Q2MaterialisedAnnual 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.」
It states that work stoppages and delays in construction starts actually occurred at some sites in the construction industry. - FY2020RestatedAnnual report
「Meanwhile, as the working-age population declines and the population ages, labor shortages are becoming increasingly severe, and we believe that we must make an even more serious effort to improve the ease of working.」
We have reconfirmed the increasing severity of labor shortages against a backdrop of a declining working-age population and population aging, as well as the need to improve the ease of working. - 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.」
It states that labor shortages continue to exist. This description indicates a connection with persistently high costs caused by increasingly tight logistics, rather than the previously reported delays in construction starts and progress. - 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.」
It states that labor shortages continue to exist and, together with increasingly tight logistics, are causing costs to remain high. - 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.」
It states that labor shortages continue to exist and, together with increasingly tight logistics, are causing costs to remain high. - FY2019WorsenedAnnual report
「As the working-age population declines and the population ages, labor shortages are becoming increasingly severe, and we believe that we must make an even more serious effort to improve the ease of working.」
The wording regarding labor shortages has been strengthened from an ongoing concern to an issue expected to become even more serious due to the declining working-age population and population aging. - FY2019-Q3RestatedAnnual 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.」
It states that labor shortages continue to exist. This time, the indication concerns higher costs caused by increasingly tight logistics, rather than delays in construction starts or progress. - FY2019-Q2RestatedAnnual 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.」
It states that labor shortages continue to exist. This time, delays in construction starts or progress are not mentioned explicitly, and construction progress is said to have proceeded smoothly. - FY2019-Q1RestatedAnnual 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.」
It states that labor shortages continue to exist. This time, there is no direct reference to delays in construction starts or progress, but a connection with higher costs caused by increasingly tight logistics is indicated. - FY2018WorsenedAnnual report
「Some of our temporary steel materials and construction machinery operated at high utilization rates, while the trend toward higher costs associated with labor shortages and increasingly tight logistics intensified.」
The impact intensified, not only through continuing business constraints related to labor shortages, but also through an expansion of the trend toward higher costs caused by increasingly tight logistics. - FY2018-Q3RestatedAnnual 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.」
It states that labor shortages continue to exist. This description also indicates a connection with higher costs, in addition to the previously reported delays in construction starts and progress, but does not explicitly identify labor shortages as the cause of delays in construction starts. - 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.」
It states that some delays in construction start dates and progress remain. The current text does not explicitly identify labor shortages as the cause. - 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.」
Delays in construction start dates and progress continue to occur. The current text does not explicitly identify labor shortages as the cause. - 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.」
Delays in construction start dates and progress continue to occur. The current text does not explicitly identify labor shortages as the cause. - 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.」
It states that delays in construction start dates and progress continued to occur. The current text does not explicitly identify labor shortages as the cause. - 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.」
It states that delays in construction start dates and progress actually occurred. The current text does not explicitly identify labor shortages as the cause. - FY2016First statedAnnual report
「The effects of delays in construction start dates and progress caused by labor shortages and other factors in the construction industry have not been resolved as of now」
This has been explicitly identified as a concern for the next period.