Longer Sales Periods and Growing Inventory Due to Weak Housing Demand
First written in FY2016. 21 of 22 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 20 of 35 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Deteriorating income prospects due to employment uncertainty, substantial increases in interest rates, substantial declines in land prices and changes to or abolition of the current housing loan tax deduction system may reduce housing demand or delay purchases, potentially materially affecting our group’s results. Longer selling periods for real estate for sale and increased sales inventory may also materially affect our group’s financial position.」
住宅需要減退、販売期間長期化及び販売在庫増大に関するリスクが継続している。 - FY2023-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2022-Q3RestatedAnnual report
「During the nine-month cumulative consolidated period under review, there were no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2020RestatedAnnual report
「Deteriorating income prospects due to employment uncertainty, substantial increases in interest rates, substantial declines in land prices and changes to or abolition of the current housing loan tax deduction system may reduce housing demand or delay purchases, potentially materially affecting our group’s results. Longer selling periods for real estate for sale and increased sales inventory may also materially affect our group’s financial position.」
所得、金利、地価及び住宅税制の変化による住宅需要減退と販売在庫増大のリスクが継続している。 - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2019RestatedAnnual report
「Deteriorating income prospects due to employment uncertainty, substantial increases in interest rates, substantial declines in land prices and changes to or abolition of the current housing loan tax deduction system may reduce housing demand or delay purchases, potentially materially affecting our group’s results. Longer selling periods for real estate for sale and increased sales inventory may also materially affect our group’s financial position.」
所得、金利、地価及び住宅税制の変化による住宅需要減退と販売在庫増大のリスクが、通期報告でも同じ内容で記載されている。 - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
住宅需要低迷による販売期間長期化・販売在庫増大のリスクについて、重要な変更はない。 - FY2016First statedAnnual report
「Deteriorating income prospects due to employment uncertainty, substantial increases in interest rates, substantial declines in land prices and changes to or abolition of the current housing loan tax deduction system may reduce housing demand or delay purchases, potentially materially affecting our group’s results. Longer selling periods for real estate for sale and increased sales inventory may also materially affect our group’s financial position.」
The company identifies weaker housing demand and longer holding periods and higher inventory of real estate for sale as risks arising from changes in income, interest rates, land prices and housing tax policies.