Komori
Candeal (1446) · RiskWorsened

Decline in new housing starts

First written in FY2018-Q3. 21 of 33 entries say "Worsened", first in FY2018. Latest entry: 2026-11-12.

33entries
9years
6from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q3 – FY2020MitigatedFY2021-Q1 – FY2022-Q3WorsenedFY2022 – FY20242018: 220182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 62026
Same theme, other companies
Decline in orders due to the shrinking housing market and fluctuations in housing demandA theme 77 companies write about · 79 as a headwind · 3 as a tailwind

Candeal moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).

The whole theme swung hardest in 2020: 42 of 61 companies on the "Worse" side.

28 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 77 companies compared. The sentences above are computed from all 77.
Full recordFilings, disclosures and news, newest first
  1. FY2025WorsenedAnnual report

    「For the cumulative period from October 2024 to September 2025, detached-house starts were at 94.7% of the year-earlier period, subdivided condominium starts at 84.4%, and total new housing starts at 93.4%, indicating a downward trend.」

    Detached-house starts, subdivided condominium starts, and total housing starts were all below the year-earlier period, worsening the risk of a decline in housing starts compared with the previous disclosure.
  2. FY2025-H1MitigatedAnnual report

    「For the cumulative period from April 2024 to March 2025, detached-house starts declined to 97.8% of the year-earlier period, subdivided condominium starts increased to 105.0%, and total new housing starts increased to 102.0%, indicating an upward trend.」

    Detached-house starts were below the year-earlier period, while subdivided condominium starts and the overall housing market increased, easing the risk of a decline in housing starts compared with the previous disclosure.
  3. FY2024WorsenedAnnual report

    「For the cumulative period from October 2023 to September 2024, detached-house starts declined to 90.5% of the year-earlier period, subdivided condominium starts remained roughly in line with the year-earlier period at 99.9%, and total new housing starts declined to 95.7%.」

    The overall year-on-year figure declined from 96.5% in the previous disclosure to 95.7%. Detached-house starts declined to 90.5%, and subdivided condominium starts also fell below the year-earlier period at 99.9%.
  4. FY2024-Q2WorsenedAnnual report

    「For the cumulative period from April 2023 to March 2024, detached-house starts declined to 90.0% of the year-earlier period, subdivided condominium starts declined to 88.0%, and total new housing starts declined to 93.0% of the year-earlier period.」

    The overall year-on-year figure declined from 95.4% in the previous disclosure to 93.0%. Both detached-house starts and subdivided condominium starts declined, to 90.0% and 88.0%, respectively, further worsening the risk of a decline in new housing starts.
  5. FY2024-Q1WorsenedAnnual report

    「For the cumulative period from January to December 2023, detached-house starts declined to 90.6% of the year-earlier period, subdivided condominium starts were roughly in line with the year-earlier period at 99.7%, and total new housing starts declined to 95.4% of the year-earlier period.」

    Total new housing starts declined to 95.4% of the year-earlier period, while detached-house starts declined to 90.6%. Subdivided condominium starts also fell slightly below the year-earlier period at 99.7%, worsening the risk of a decline in housing starts.
  6. FY2023WorsenedAnnual report

    「For the cumulative period from October 2022 to September 2023, detached-house starts were at 90.8% of the year-earlier period, subdivided condominium starts were at 99.4%, and total new housing starts remained weak at 96.5% of the year-earlier period.」

    Total new housing starts declined to 96.5% of the year-earlier period, further down from 98.5% in FY2023-Q3. Detached-house starts also declined to 90.8%, and weakness in the housing market intensified.
  7. FY2023-Q3WorsenedAnnual report

    「For the cumulative period from July 2022 to June 2023, detached-house starts were at 91.2% of the year-earlier period, subdivided condominium starts were at 107.3%, and total new housing starts remained somewhat weak at 98.5% of the year-earlier period.」

    The overall housing market fell below the year-earlier period at 98.5%, and detached-house starts declined to 91.2%. Subdivided condominium starts increased to 107.3%, but the overall housing market weakened.
  8. FY2023-Q2WorsenedAnnual report

    「For the cumulative period from April 2022 to March 2023, detached-house starts were at 92.3% of the year-earlier period, subdivided condominium starts were at 110.8%, and total new housing starts remained roughly in line with the year-earlier period at 99.4%.」

    The overall housing market declined to 99.4% of the year-earlier period, from 100.4% previously, while detached-house starts declined to 92.3%. Meanwhile, subdivided condominium starts increased to 110.8%.
  9. FY2023-Q1WorsenedAnnual report

    「For the cumulative period from January to December 2022, detached-house starts declined to 93.6% of the year-earlier period, subdivided condominium starts increased to 106.8%, and total new housing starts remained roughly in line with the year-earlier period at 100.4%.」

    The overall housing market was roughly in line with the year-earlier period, while detached-house starts declined to 93.6%. Subdivided condominium starts increased to 106.8%, but growth in the overall housing market weakened from the previous disclosure.
  10. FY2022WorsenedAnnual report

    「For the cumulative period from October 2021 to September 2022, detached-house starts declined to 98.6% of the year-earlier period, subdivided condominium starts increased to 104.7%, and total new housing starts remained firm at 102.3% of the year-earlier period.」

    The overall housing market maintained growth at 102.3% of the year-earlier period, but the growth rate declined from 104.1% in the previous disclosure, and detached-house starts declined to 98.6%.
  11. FY2022-Q3MitigatedAnnual report

    「For the cumulative period from July 2021 to June 2022, detached-house starts increased to 104.4% of the year-earlier period, subdivided condominium starts declined to 96.9%, and total new housing starts increased to 104.1% of the year-earlier period, remaining firm.」

    Total housing starts and detached-house starts increased year on year, generally easing the risk of a decline in housing starts. Meanwhile, subdivided condominium starts declined to 96.9%.
  12. FY2022-Q2MitigatedAnnual report

    「For the cumulative period from April 2021 to March 2022, detached-house starts increased to 108.4% of the year-earlier period, subdivided condominium starts declined to 95.0%, and total new housing starts increased to 106.6% of the year-earlier period, remaining firm.」

    The overall housing market increased to 106.6% of the year-earlier period, while detached-house starts increased to 108.4%, an improvement from the previous disclosure. Subdivided condominium starts declined to 95.0%, but improved from 93.9% previously.
  13. FY2022-Q1MitigatedAnnual report

    「New housing starts for the cumulative period from January to December 2021 increased to 105.0% of the year-earlier period, and detached-house starts increased to 108.9%, while subdivided condominium starts declined to 93.9%.」

    Total new housing starts and detached-house starts increased year on year, generally easing the risk of a decline in housing starts. Meanwhile, subdivided condominium starts continued to decline.
  14. FY2021MitigatedAnnual report

    「New housing starts for the cumulative period from October 2020 to September 2021 turned to a slight increase at 101.5% of the year-earlier period, following a sharp decline in the previous year.」

    New housing starts turned to growth at 101.5% of the year-earlier period, temporarily easing the downward trend seen through the previous disclosure.
  15. FY2021-Q3MitigatedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from July 2020 to June 2021 declined to 97.0% of the year-earlier period. Detached-house starts declined to 92.6%, and subdivided condominium starts also declined to 95.7%, leaving the housing market weak.」

    Total new housing starts declined to 97.0% of the year-earlier period, but improved from 91.9% in the previous disclosure. Detached-house and subdivided condominium starts remained below the year-earlier period.
  16. FY2021-Q2MitigatedAnnual report

    「New housing starts for the cumulative period from April 2020 to March 2021 declined to 91.9% of the year-earlier period. Detached-house starts declined to 91.4%, and subdivided condominium starts also declined to 96.9%, leaving the housing market weak.」

    Total new housing starts declined to 91.9% of the year-earlier period, but improved from 90.1% previously. Weakness in the housing market continued, including in detached houses and subdivided condominiums.
  17. FY2021-Q1MitigatedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from January to December 2020 declined to 90.1% of the year-earlier period. Detached-house starts declined to 89.8%, and subdivided condominium starts also declined to 91.6%.」

    Total new housing starts declined to 90.1% of the year-earlier period, but improved slightly from 89.5% in the previous full-year disclosure. However, detached-house and subdivided condominium starts also declined, and weakness in the housing market continued.
  18. FY2020WorsenedAnnual report

    「New housing starts for the cumulative period from October 2019 to September 2020 declined to 89.5% of the year-earlier period. Starts of subdivided detached houses declined to 91.5%, and subdivided condominium starts also declined to 92.7%.」

    Total new housing starts declined to 89.5% of the year-earlier period, and starts of subdivided detached houses and subdivided condominiums also declined. The contraction of the housing market has become evident in actual results data.
  19. FY2020-Q3WorsenedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from July 2019 to June 2020 declined to 90.7% of the year-earlier period. Starts of subdivided detached houses declined to 99.8%, and subdivided condominium starts also declined to 96.7%.」

    Total new housing starts declined to 90.7% of the year-earlier period, with the decline widening from 92.7% in the previous disclosure. Both subdivided detached houses and subdivided condominiums were below the year-earlier period.
  20. FY2020-Q2WorsenedAnnual report

    「New housing starts for the cumulative period from April 2019 to March 2020 declined to 92.7% of the year-earlier period. Starts of subdivided detached houses increased slightly to 100.9%, while subdivided condominium starts declined to 93.3%, and the housing market remained weak.」

    Total new housing starts declined to 92.7% of the year-earlier period, with the decline widening from 96.0% in the previous disclosure. Subdivided condominium starts also declined to 93.3%, and the housing market is described as weak. The data also indicate that the risk reflected in actual market conditions has materialized.
  21. FY2020-Q1WorsenedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from January to December 2019 declined to 96.0% of the year-earlier period, although starts of subdivided detached houses increased to 103.6% and remained firm.」

    Total new housing starts declined from 98.6% in the previous disclosure to 96.0% of the year-earlier period, indicating a widening decline. Meanwhile, starts of subdivided detached houses increased to 103.6%. The decline for the current period is reported as actual market data.
  22. FY2019WorsenedAnnual report

    「New housing starts for the cumulative period from October 2018 to September 2019 declined to 98.6% of the year-earlier period.」

    Total new housing starts declined to 98.6% of the year-earlier period, making concerns about a contraction in the housing market apparent again.
  23. FY2019-Q3WorsenedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from July 2018 to June 2019 were flat at 100.0% of the year-earlier period. Starts of subdivided detached houses increased to 105.0%, and subdivided condominium starts also increased to 109.1%, both compared with the year-earlier period, and remained firm.」

    Total housing starts were flat at 100.0% of the year-earlier period, down from 100.7% in the previous disclosure. Starts of subdivided detached houses and subdivided condominiums continued to increase, although their growth rates were slightly lower than in the previous disclosure.
  24. FY2019-Q2MitigatedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from April 2018 to March 2019 increased slightly to 100.7% of the year-earlier period. Starts of subdivided detached houses increased to 105.1%, and subdivided condominium starts also increased to 110.5%, both compared with the year-earlier period, and remained firm.」

    Total new housing starts turned to year-on-year growth, and starts of subdivided detached houses and subdivided condominiums also increased, easing concerns about a decline in the housing market compared with the previous disclosure.
  25. FY2019-Q1MitigatedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from January to December 2018 declined to 97.7% of the year-earlier period, although starts of subdivided detached houses increased to 103.0% of the year-earlier period and remained firm.」

    Total new housing starts declined, but the year-on-year figure improved from 96.9% in the previous disclosure to 97.7%, while starts of subdivided detached houses increased to 103.0%.
  26. FY2018WorsenedAnnual report

    「New housing starts for the cumulative period from October 2017 to September 2018 declined to 96.9% of the year-earlier period, although」

    New housing starts declined to 96.9% of the year-earlier period, from 97.2% in the previous disclosure.
  27. FY2018-Q3First statedAnnual report

    「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts for the cumulative period from June 2017 to May 2018 declined to 97.2% of the year-earlier period, although」

    The decline in housing starts from the year-earlier period is cited as an external factor affecting the market for housing-related services.
Moved together

"Sluggish personal consumption and uncertainty about the outlook due to overseas political and economic factors" moved the same way as this thread, in the same document, in 15 of its 33 moves.

1512111098★123456
  1. ★This thread
  2. 1Sluggish personal consumption and uncertainty about the outlook due to overseas political and economic factors15×
  3. 2Business expansion into repair, residential environments, commercial environments and materials sales12×
  4. 3Cumulative third-quarter sales and profit recognition11×
  5. 4Labor shortages and the need to improve productivity in the construction industry10×
  6. 5Impact of failure to secure and develop personnel, resignations and misconduct9×
  7. 6Elevated prices and weak contract rates for newly built urban condominiums8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Candeal's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Financial results presentation of 2026-11-12: "Worsened".
News
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