Risk of sluggish housing demand due to a consumption tax rate hike
First written in FY2016. 1 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
32 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual reportIn the housing market risks in this year's filing, the specific mechanism involving a change in the consumption tax rate from 8% to 10% and a decline in housing orders is not described.
- FY2019SoftenedAnnual report
「Although low mortgage rates and government measures promoting home purchases provide support, the environment surrounding the housing market is expected to change significantly due to declining population and household numbers, consumption tax increases, vacant-home measures, and other factors.」
While the reference to changes in the housing market resulting from a consumption tax increase remains, the specific tax-rate change from 8% to 10% and the mechanism leading to a decline in orders are not described. - FY2017RestatedAnnual report
「As a revision from 8% to 10% is also expected in the future, over the medium to long term, sluggish housing starts may reduce orders and affect operating performance.」
Assuming a change in the consumption tax rate from 8% to 10%, it continues to identify the impact on housing starts and orders as a risk. - FY2016First statedAnnual report
「As a revision from 8% to 10% is also expected in the future, over the medium to long term, sluggish housing starts may reduce orders and affect operating performance.」
It specifies the tax rate change from 8% to 10% and indicates the medium- to long-term impact on housing starts and orders.