Tax Reforms and Rising Interest Rates
First written in FY2016. 15 of 22 entries say "Restated". Latest entry: 2026-05-13.
Takamatsu Construction Group moved to the "Worse" side of this theme in 2023.
1 other company's latest entry also says "Restated".
- 2026-05-13RestatedEarnings
「住宅ローン金利は上昇傾向にあるものの、依然として低水準で推移しております。一方で、今後の金利上昇の可能性や建設コストの高止まり、実質賃金の伸び悩み等を背景に、需要の先行きについては慎重な見方が続いております。」
住宅ローン金利の上昇傾向と将来の金利上昇可能性を再確認している。 - FY2025WorsenedAnnual report
「In the detached housing market, government housing support measures have continued and variable mortgage rates have remained low, but the outlook is not optimistic due to possible future interest rate increases, higher home-sale prices resulting from persistently high construction costs, and sluggish real wage growth.」
It adds future interest rate increases, soaring home-sale prices and sluggish real wage growth as risk factors for the housing market. - FY2025-H1WorsenedAnnual report
「The outlook is not optimistic due to possible future interest rate increases, higher home-sale prices resulting from persistently high construction costs, and sluggish real wage growth.」
Against the existing risks related to the interest rate environment, it explicitly identifies future interest rate increases, soaring housing prices and sluggish real wage growth as concerns for the housing market. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2024-Q1WorsenedAnnual report
「Regarding private residential investment, in addition to the upward trend in fixed mortgage rates」
It states that fixed mortgage rates are trending upward, indicating that the risk of higher interest rates is present in the current residential investment environment. - FY2023WorsenedAnnual report
「If reductions in fixed asset tax on newly built homes and extensions of reduced registration and license tax measures associated with housing construction and transactions are discontinued, or if construction demand declines due to amendments to inheritance tax and other factors, this could affect performance.」
In addition to the existing risks related to inheritance tax, interest rates, lending stance and vacancy rates, it explicitly identifies the discontinuation of reduced tax measures relating to housing as a risk factor. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2019WorsenedAnnual report
「Changes in the financial environment, including stronger inheritance tax and asset taxation, changes in financial institutions' lending stance and higher interest rates, as well as changes in vacancy rates for rental condominiums and other factors」
In addition to tax, interest rate and vacancy rate factors, it explicitly identifies changes in financial institutions' lending stance as an impact factor. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risks related to tax reforms, higher interest rates and vacancy rates for rental condominiums. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk from tax reforms and higher interest rates. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk from tax reforms and higher interest rates. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk from tax reforms and higher interest rates. - FY2017WorsenedAnnual report
「Changes in financial conditions, including major tax reforms relating to inheritance tax and taxation of assets or substantially higher interest rates, as well as changes in vacancy rates for rental condominiums, could affect performance.」
In addition to the existing tax and interest rate risks, it explicitly identifies vacancy rates for rental condominiums and other factors as potential impacts. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the risk from tax reforms and higher interest rates. - FY2017-Q2RestatedAnnual report
「There have been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk from tax reforms and higher interest rates. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes to the risk from tax reforms and higher interest rates. - FY2016First statedAnnual report
「Changes in financial conditions, including major tax reforms relating to inheritance tax and taxation of assets, or substantially higher interest rates, could affect performance.」
It identifies changes in the tax and interest rate environment as risks related to sales proposals for rental condominiums.