Difficulty Acquiring Properties Due to Intensifying Competition and Rising Land Prices
First written in FY2020. 5 of 8 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2025.
Landix moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 5 of 9 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If competition with other companies intensifies or land prices rise, causing real estate purchases not to proceed as planned, this may affect the Group's operating results and financial position.」
The possibility that purchasing may not proceed as planned due to intensifying competition and rising land prices continued to be described in the same format as a business risk. - FY2025-H1RestatedAnnual report
「In the residential real estate market in which the Group operates, mortgage rates rose following the Bank of Japan's policy rate increase in July but remained at low levels, while positive and negative factors coexisted, including soaring land prices and construction costs.」
Surging land prices and construction costs continued to be identified as concerns in the purchasing environment. No new description of intensifying competition was added, but the existing risk of difficulty securing properties, including the risk of rising land prices, continues. - FY2024WorsenedAnnual report
「In the sumuzu business, the Company increased the number of real estate sales by establishing a customer-acquisition system that reliably delivered content to highly interested customer segments through its in-house media and social media, while reaching a broad range of potential homebuyers. However, higher acquisition costs, discounts and other factors reduced profit from inventory sales.」
Higher purchasing costs and sales discounts reduced profits from inventory sales, and the difficult purchasing environment caused by competition, rising land prices and other factors was reflected in lower profit levels. - FY2024-Q3WorsenedAnnual report
「Competition with competitors has intensified further on both the sales and purchasing sides.」
The intensification of competition on both the sales and purchasing sides in Tokyo's housing market was described more explicitly. Competition-driven increases in purchasing prices and declines in sales prices and sales commissions also reduced profit levels, showing the impact of purchasing-environment risks in actual results. - FY2024-Q2WorsenedAnnual report
「The purchasing environment remained challenging, and profit margins declined from the same period of the previous year as purchasing prices increased.」
The difficult purchasing environment continued, and higher purchasing prices were reflected in actual results as a year-on-year decline in profit margins. The risk of difficulty securing properties due to intensifying competition and rising land prices became more concrete through its impact on margins. - FY2024-Q1WorsenedAnnual report
「The situation remained uncertain regarding surging land prices and construction material costs, increased demolition and construction costs due to a shortage of construction workers, and future trends in mortgage rates.」
Regarding the existing risks of rising land prices and competition in the purchasing environment, surging land prices were specifically described as part of the current market environment. - FY2023-Q3WorsenedAnnual report
「Although concerns remained over soaring construction costs due to globally rising raw material prices and shortages of high-quality land, the residential real estate market overall remained resilient, particularly in housing-related areas, supported by continued policy measures and stable mortgage rates at low levels.」
In addition to intensifying competition and rising land prices, the shortage of quality sites was expressly identified as a concern in the purchasing environment. Although the market is described as firm, the risk factor concerning the acquisition of quality sites became more specific. - FY2020First statedAnnual report
「If competition with other companies intensifies or land prices rise, causing real estate purchases not to proceed as planned, this may affect the Group's operating results and financial position.」
External factors that could lead to a shortfall against the purchasing plan were identified as a standalone risk.