Domestic Housing Market Trends and the Risk of Lower Housing Demand
First written in FY2023-Q1. 2 of 3 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 36 of 52 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Group's business performance depends heavily on trends in Japan's housing market. A downturn in domestic economic conditions, a deterioration in the economic outlook, and the resulting deterioration in employment conditions and decline in personal consumption may reduce customers' willingness to purchase homes. Changes in interest-rate policies and housing-related policies in various countries, fluctuations in land prices and changes in construction costs resulting from fluctuations in the prices of timber and other materials may also have a significant effect on customers' willingness to purchase homes. Changes in these customer needs may worsen housing market conditions and the cost structure, potentially affecting the Group's business performance and other results.」
The company continues to disclose the risks that fluctuations in the domestic housing market, employment and personal consumption, interest rates and housing-related policies, land prices, and material prices may affect housing purchase intentions and business performance. - FY2023-Q2RestatedAnnual report
「In response to the above risks, the domestic housing and construction businesses seek to emphasize the Company’s distinctiveness and secure a competitive advantage in the housing market through the following measures: Expansion of earnings through full-scale entry into the Renovation Business With respect to property acquisitions, we will conduct thorough reviews, place emphasis on profitability and continue to pursue agile business activities.」
The company continues to identify trends in the domestic housing market and the risk of declining demand for housing purchases, and has specified full-scale entry into the renovation business, more rigorous screening of real estate acquisitions, an emphasis on profitability, and flexible business operations as responses. - FY2023-Q1First statedAnnual report
「The Group’s performance depends substantially on trends in Japan’s housing market. A weak domestic economy, a worsening economic outlook, deterioration in employment conditions and a decline in personal consumption could reduce customers’ willingness to purchase homes.」
Following its entry into the renovation business, the Company newly disclosed as a standalone risk the potential impact on home-buying appetite and performance from the domestic housing market, employment and consumption, interest-rate and housing policies, land prices and fluctuations in the prices of timber and other materials.