Changes in Economic Conditions, Interest Rates and Land Prices
First written in FY2023. 9 of 12 entries say "Worsened", first in FY2024. Latest entry: 2026-09-01.
Columbia Works moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2025WorsenedAnnual report
「In particular, when interest rates rise, borrowing costs may increase due to higher interest rates on loans from financial institutions, the value of owned real estate may decline as investors’ required yields rise, and demand for residential and investment real estate may weaken.」
The economic and financial environment risk was specified as having medium likelihood and high impact, including higher interest rates, borrowing costs, lower asset values and weaker demand. - FY2024WorsenedAnnual report
「The real estate industry in which our group operates is susceptible to economic conditions, including economic trends, interest rate trends and land price trends. Our group’s results are affected by changes in these economic conditions, amid continued price increases and yen depreciation, possible future policy shifts in the United States and trends in Bank of Japan interest rate hikes.」
The economic conditions risk was made more specific by identifying ongoing price increases and yen depreciation and Bank of Japan interest rate trends as current factors affecting the business. - FY2023First statedAnnual report
「The real estate industry is susceptible to economic conditions, including economic trends, interest rate trends and land price trends.」
Economic conditions, including the economy, interest rates, land prices and inflation, may affect investment appetite, transaction volumes, vacancy rates and rents.