Business environment benefiting from low interest rates and mortgage demand
First written in FY2024. 3 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 6 of 17 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Regarding the interest-rate environment in Japan, the Bank of Japan has raised its policy rate in stages since ending its negative interest rate policy in March 2024, and we recognize that Japan has entered a full-fledged phase of rising interest rates.」
Describes a phase of rising interest rates as the premise of the current business environment, while also noting the resilience of demand for mortgages and real estate. - 2026-05-14RestatedEarnings
「The transition into a period of substantial interest-rate increases is continuing, and user interest in the housing-loan market is rising further.」
The transition to higher interest rates and rising user interest in housing loans were described as continuing changes in the business environment. - FY2026-H1ReframedAnnual report
「The transition to a period of rising interest rates accompanying the shift in monetary policy marked a major turning point.」
The explanation has changed from one based on the previous low-interest-rate environment to one identifying the transition to a period of rising interest rates resulting from the shift in monetary policy as a major turning point in the business environment. - FY2025RestatedAnnual report
「As evidence of Japan's low-interest-rate environment, the 10-year Japanese government bond yield has trended downward since the 2007 Lehman shock and has remained at approximately 0.0% to 1.5% from 2016 to the present.」
The company continues to assume a low-interest-rate environment and housing loan demand as the basis of its business environment. It states that new housing loan originations increased from ¥19.4 trillion in 2018 to ¥20.3 trillion in 2023. - FY2025-H1ReframedAnnual report
「In the housing loan market in which the Group operates, continued attention is being drawn to housing loan products because the Bank of Japan's monetary policy has caused fluctuations in banks' housing loan interest rates.」
The explanation has changed from one emphasizing the tailwind of low interest rates to one stating that products will continue to attract attention even in an environment of fluctuating housing loan interest rates. - FY2024First statedAnnual report
「In light of this environment, we recognize that the Group's core Mogecheck business is supported by a robust business environment underpinned by the resilient housing loan market, and we expect demand for the Group's services to increase further as awareness continues to grow.」
The company assumes that new housing loan originations, demand for owner-occupied homes and the low-interest-rate environment will support business expansion.