Growing Renovation Demand Driven by Aging Buildings
First written in FY2020-Q3. 4 of 13 entries say "Restated". Latest entry: 2026-09-14.
Nissou moved to the "Worse" side of this theme in 2024.
1 other company's latest entry also says "Restated".
- FY2026-H1ReframedAnnual report
「Although the remodeling industry in which our group operates is supported by government measures, including various subsidy programs for performance-enhancing renovations such as energy-efficiency and insulation upgrades to existing homes, market conditions remain severe due to declining consumer sentiment against a backdrop of higher construction costs resulting from soaring material and housing-equipment prices, as well as structural issues such as shortages of skilled workers and construction-management personnel.」
The explanation of remodeling demand has expanded from aging buildings and general demand growth to include subsidy programs for energy-efficiency and insulation upgrades, higher construction costs, declining consumer sentiment, and shortages of skilled workers and construction-management personnel. - FY2025-H1ReframedAnnual report
「In the real estate-related market, rising construction costs continue to suppress housing demand, and new housing starts remain weak.」
In addition to structural factors driving growth in remodeling demand, the report explicitly identifies the suppression of housing demand caused by higher construction costs and weakness in new housing starts in the real estate-related market. - FY2024ReframedAnnual report
「With growing demand for barrier-free remodeling for older people and eco-remodeling, including energy-efficiency upgrades, homes are being made more durable and reused. This demand is expected to continue growing, while new sources of demand, such as remodeling driven by the spread of smart-home technology, are also affecting the market.」
The explanation has broadened from renovation demand driven by aging buildings to include demand factors such as barrier-free remodeling, eco-remodeling and smart-home technology. - FY2023RestatedAnnual report
「In the remodeling industry, structural issues such as the aging of buildings are steadily progressing, and demand for renovations to existing buildings remains firm. At the same time, a challenging operating environment is expected to continue, owing to chronic labor shortages and declining profitability resulting from higher labor and raw material costs.」
The strength of renovation demand driven by aging buildings and the decline in profitability caused by labor shortages and soaring labor and raw-material costs are both cited in the full-year report. - FY2023-Q2Soaring material costs alongside concerns over consumer sentimentAnnual report
「Construction-material prices in the remodeling industry in which we operate continue to rise, driven by soaring wood and raw-material prices and higher logistics costs. In addition, concerns remain over the impact on consumer sentiment of declining real wages caused by higher prices, and close monitoring remains necessary.」
As construction-material prices continue to rise, the impact on consumer sentiment of declining real wages caused by higher prices has newly been identified as a concern. - FY2023-Q1Demand recovery alongside soaring material costsAnnual report
「The remodeling industry in which we operate continues to show a gradual recovery, but remains in an unpredictable environment, including soaring construction-material prices driven by the wood shock, raw-material and oil prices, logistics costs, and fluctuations in financial and capital markets.」
While industry demand is said to be gradually recovering, soaring construction-material prices driven by the wood shock, raw-material and oil prices, logistics costs and other factors are occurring at the same time. - FY2022-Q3Continued challenging order environment due to supply constraintsAnnual report
「In the remodeling industry to which the company belongs, the order environment remains difficult. High construction material prices and supply chain disruptions have caused delays in the delivery of residential equipment, forcing construction work to be suspended and construction schedules and orders to be postponed.」
In addition to describing remodeling demand, the company specifies the challenging order environment caused by persistently high construction material prices, delivery delays, work stoppages, and postponed construction schedules and orders. - FY2022-Q1Clarification of demand composition and constraintsAnnual report
「In the remodeling industry to which the company belongs, demand recovery in additions and alterations and large-scale remodeling remains slow, while maintenance remodeling, such as replacement and repair of residential equipment, has remained firm. However, the situation remains uncertain, with construction schedules being pushed back because delivery times for some products have been delayed by semiconductor shortages, as well as due to soaring construction material prices.」
Rather than treating remodeling demand as a whole, the company distinguishes between the slow recovery in the large-scale segment and the resilience of the maintenance segment. - FY2021RestatedAnnual report
「In the remodeling industry, structural issues such as the aging of buildings are steadily progressing, and demand for renovations to existing buildings remains firm. At the same time, a challenging operating environment is expected to continue, owing to chronic labor shortages and declining profitability resulting from higher labor and raw material costs.」
The aging of buildings and the resilience of demand for renovations to existing buildings continue to be cited as business-environment factors. - FY2020RestatedAnnual report
「Demand for remodeling and renovation is increasing, and the company is working to avoid missing this trend」
The company reiterates its recognition of rising demand for remodeling and renovation. - FY2020-Q3First statedAnnual report
「The aging of buildings is unavoidable, and although demand across the industry is increasing only marginally, it is on an upward trend.」
The company states that demand across the remodeling industry is on a modest upward trend, driven by aging buildings.