Demand Decline Due to Housing-Related Policy and Tax Changes
First written in FY2016. 8 of 16 entries say "Restated". Latest entry: FY2021-Q3.
Daiwa House Industry moved to the "Worse" side of this theme in 2021, 3 years before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 8 of 23 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2021-Q3ReframedAnnual report
「In this industry, while looking to the establishment of the Green Housing Points System, a home purchase support measure included in the draft third supplementary budget for fiscal 2020, the outlook remains uncertain, and over the medium to long term the number of new housing starts is expected to decline due to a decrease in the number of households.」
Regarding home purchase support measures, it expresses expectations for the Green Housing Points System in place of the previous system, while also mentioning uncertainty about the outlook and the prospect of medium- to long-term demand decline. - FY2021-Q2RestatedAnnual report
「In this industry, while looking to the Housing Market Stabilization Measures Project (Sumai Kyufu-kin) included in the Emergency Economic Measures for COVID-19 approved by the Cabinet on 7 April 2020, the outlook remains uncertain, and over the medium to long term the number of new housing starts is expected to decline due to a decrease in the number of households.」
While expressing expectations for Sumai Kyufu-kin, it continues to indicate uncertainty about the outlook and expect medium- to long-term housing demand to decline due to a decrease in the number of households. - FY2021-Q1ReframedAnnual report
「In this industry, while looking to the Housing Market Stabilization Measures Project (Sumai Kyufu-kin) included in the Emergency Economic Measures for COVID-19 approved by the Cabinet on 7 April 2020, the outlook remains uncertain, and over the medium to long term the number of new housing starts is expected to decline due to a decrease in the number of households.」
Regarding demand risks from changes in housing-related policies and taxation, it mentions expectations for Sumai Kyufu-kin under the emergency economic measures, in addition to the existing home purchase support measures, together with uncertainty about the outlook. - FY2020-Q3RestatedAnnual report
「Various measures to support home purchases, including the extension of the deduction period for the home loan tax credit and the Next-Generation Housing Points System implemented from October 2019, are expected to contribute to market revitalization.」
It continues to recognize that home purchase support measures, including the extension of the deduction period for the home loan tax credit and the Next-Generation Housing Points System, will support the market. - FY2020-Q2MitigatedAnnual report
「Various measures to support home purchases, including the extension of the deduction period for the home loan tax credit and the Next-Generation Housing Points System implemented from October 2019, are expected to contribute to market revitalization.」
It states that policies supporting housing demand, including the extension of the deduction period for the home loan tax credit and the Next-Generation Housing Points System, have been implemented. - FY2020-Q1SoftenedAnnual report
「In the housing market, various government measures to support home purchases are being prepared ahead of the consumption tax increase scheduled for October 2019, but uncertainty about the outlook continues.」
The wording has changed from the previous expression that a post-tax-increase decline in demand was unavoidable to one that mentions home purchase support measures while describing the outlook as uncertain. - FY2019-Q3ReframedAnnual report
「In this industry, the government is preparing to maintain monetary easing and implement various housing acquisition support measures ahead of the consumption tax increase scheduled for October 2019, while the number of new housing starts is expected to decline over the medium to long term as the number of households decreases.」
Its description of the risk from changes in housing-related policies and taxation has shifted to one that specifies the timing of the consumption tax increase and also mentions the government's monetary easing and home purchase support measures. - FY2019-Q2RestatedAnnual report
「Although various government measures to support home purchases are planned in connection with the consumption tax increase scheduled for 2019, a post-tax-increase decline in demand is expected to be unavoidable.」
While recognizing the planned measures to support home purchases, it states that a post-tax-increase decline in demand is expected to be unavoidable. - FY2019-Q1WorsenedAnnual report
「Although various government measures to support home purchases are planned in connection with the consumption tax increase scheduled for 2019, a post-tax-increase decline in demand is expected to be unavoidable.」
While recognizing the planned measures to support home purchases, it states that a post-tax-increase decline in demand is expected to be unavoidable, presenting the demand decline risk more strongly. - FY2018-Q3RestatedAnnual report
「In the housing market, the number of new housing starts is expected to decline over the medium to long term as the population decreases, and there are concerns that the overall market will cool after the consumption tax increase.」
It continues to recognize a downturn in the housing market after the consumption tax increase, together with market contraction due to population decrease. - FY2018-Q2RestatedAnnual report
「It also expressed concern that the overall market would cool after the consumption tax increase scheduled for 2019.」
It continues to recognize a downturn in the housing market after the consumption tax increase as a demand risk, with the scheduled timing specified. - FY2018-Q1RestatedAnnual report
「It also expressed concern that the overall market would cool after the consumption tax increase scheduled for 2019.」
It continues to recognize a downturn in the housing market after the consumption tax increase as a demand risk, with the timing specified. - FY2017-Q3RestatedAnnual report
「Although the further postponement of the consumption tax increase avoided a sharp short-term downturn in the housing market, the overall market is expected to cool over the medium to long term as the number of housing starts in Japan declines due to population decrease.」
It continues to recognize that the further postponement of the consumption tax increase avoided a sharp short-term drop in demand, while maintaining its outlook for market contraction over the medium to long term. - FY2017-Q2RestatedAnnual report
「Although the further postponement of the consumption tax increase avoided a sharp short-term downturn in the market, the overall market is expected to cool over the medium to long term as the number of new housing starts in Japan declines due to population decrease.」
It continues to recognize that the further postponement of the consumption tax increase avoided a sharp short-term downturn in the housing market. - FY2017-Q1MitigatedAnnual report
「In the short term, a sharp downturn in the housing market was avoided because the consumption tax increase was postponed again, but over the medium to long term, the overall market is expected to cool as the number of new housing starts in Japan declines due to population decline.」
It states that the further postponement of the consumption tax increase avoided a sharp short-term downturn in the housing market. - FY2016First statedAnnual report
「Changes to or the abolition of housing demand stimulus measures, such as preferential interest rates on home loans and subsidies for solar power generation systems, could reduce housing demand and affect the Group's housing-related businesses.」
It identifies changes in policies and taxation, including home loan incentives, solar power subsidies and consumption tax rates, as demand risks.