Demand fluctuations due to economic conditions, employment and income, interest rates, housing tax policy and other factors
First written in FY2021. 11 of 22 entries say "Restated". Latest entry: FY2027-H1.
Arr Planner moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 35 of 50 companies on the "Worse" side.
10 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「While government support measures for home purchases and other policies continued in the housing industry, according to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts nationwide from January through June 2026 came to 100.5% of the previous fiscal year. (Source: Ministry of Land, Infrastructure, Transport and Tourism, Building Starts Statistics Survey, June 2026 monthly data.) The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 103.0% of the previous fiscal year, while starts of detached subdivision homes came to 110.8%, indicating overall resilience.」
Nationwide housing starts, owner-occupied housing starts and detached subdivision housing starts all exceeded the previous fiscal year. The Company explained that recovery and normalization had become more pronounced as the decline following the previous year's front-loaded demand had run its course. Some risks related to the demand environment had eased. - FY2026WorsenedAnnual report
「New housing starts nationwide came to 93.5% of the previous fiscal year. The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 92.3% of the previous fiscal year, while starts of detached subdivision homes came to 95.7%, continuing to trend below the previous fiscal year.」
Nationwide housing starts, owner-occupied housing starts and detached subdivision housing starts all fell below the previous fiscal year. In addition to higher prices and construction costs, the Company identified the impact of rising interest rates as a factor requiring close monitoring. - FY2026-H1RestatedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts nationwide from January through June 2025 came to 92.5% of the previous fiscal year. Although housing starts rose sharply in March due to front-loaded demand ahead of the April 2025 revision to the Building Standards Act, they declined sharply from April onward as that demand unwound, causing the trend to turn negative.」
Nationwide housing starts fell below the previous fiscal year due to the unwinding of front-loaded demand ahead of the revision to the Building Standards Act. The Company continued to identify weakness in the housing demand environment and the post-revision reversal as risk factors. - FY2025WorsenedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts nationwide came to 96.6% of the previous fiscal year. (Source: Ministry of Land, Infrastructure, Transport and Tourism, Building Starts Statistics Survey, 2024 annual data.) The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 97.2% of the previous fiscal year, while starts of detached subdivision homes came to 88.0%, continuing to trend below the previous fiscal year.」
Nationwide housing starts, owner-occupied housing starts and detached subdivision housing starts all fell below the previous fiscal year. Concerns that higher interest rates, prices and construction costs would weaken consumer sentiment continued. - FY2025-H1WorsenedAnnual report
「New housing starts in the related owner-occupied housing category came to 92.6% of the previous fiscal year, while starts of detached subdivision homes came to 87.6%, continuing to trend below the previous fiscal year.」
Owner-occupied and detached subdivision housing starts nationwide fell below the previous fiscal year, while Aichi Prefecture also showed weakness, with owner-occupied housing at 96.7% and detached subdivision housing at 85.4%. The Company also indicated concerns about higher mortgage rates and described the environment surrounding the housing industry as challenging. - FY2025-Q1WorsenedAnnual report
「New housing starts nationwide from January through March 2024 came to 90.4% of the previous fiscal year. The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 91.0% of the previous fiscal year, while starts of detached subdivision homes came to 89.0%, continuing to trend below the previous fiscal year.」
New housing starts nationwide, including both owner-occupied and detached subdivision housing, all fell below the previous fiscal year. Weakness continued in Aichi Prefecture, with owner-occupied housing at 95.7% and detached subdivision housing at 83.2%. - FY2024WorsenedAnnual report
「New housing starts nationwide came to 95.4% of the previous fiscal year. Starts in the related owner-occupied housing category came to 88.6%, while starts of detached subdivision homes came to 94.0%, both turning negative year on year.」
Owner-occupied and detached subdivision housing starts nationwide fell below the previous fiscal year, while Aichi Prefecture also showed weakness, with owner-occupied housing at 90.1% and detached subdivision housing at 87.0%, further underscoring the weakness of the housing demand environment. - FY2024-Q3WorsenedAnnual report
「According to the Ministry of Land, Infrastructure, Transport and Tourism, new housing starts nationwide from January through September 2023 came to 95.9% of the previous fiscal year. (Source: Ministry of Land, Infrastructure, Transport and Tourism, Building Starts Statistics Survey, September 2023 monthly data.) The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 90.2% of the previous fiscal year, while starts of detached subdivision homes came to 94.0%. They continued to trend weakly amid concerns that rising prices and construction costs would weaken consumer sentiment.」
In the nationwide market from January through September 2023, new housing starts, owner-occupied housing starts and detached subdivision housing starts all fell below the previous fiscal year. Concerns that rising prices and construction costs would weaken consumer sentiment continued. Aichi Prefecture also showed weakness, with owner-occupied housing at 90.9% and detached subdivision housing at 85.5%. - FY2024-Q2WorsenedAnnual report
「New housing starts nationwide from January through June 2023 came to 97.8% of the previous fiscal year. The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 89.5% of the previous fiscal year, while starts of detached subdivision homes came to 95.6%. They continued to trend weakly amid concerns that rising prices and construction costs would weaken consumer sentiment.」
New housing starts in both the owner-occupied and detached subdivision housing categories nationwide declined year on year, while concerns that rising prices and construction costs would weaken consumer sentiment further underscored the weakness of the housing demand environment. - FY2024-Q1WorsenedAnnual report
「The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category came to 91.1% of the previous fiscal year, while starts of detached subdivision homes came to 95.2%. They continued to trend weakly amid concerns that rising prices and construction costs would weaken consumer sentiment.」
New housing starts in both the owner-occupied and detached subdivision housing categories declined year on year, while concerns that rising prices and construction costs would weaken consumer sentiment further underscored the weakness of the housing demand environment. - FY2023RestatedAnnual report
「Demand for housing and residential land is susceptible to economic conditions, the employment and income environment, interest rates, housing tax policy, subsidy programs, land prices and forecasts for these factors. Trends in these factors could affect the Group's business performance and financial condition.」
The risk of demand fluctuations driven by economic conditions, employment and income, interest rates, tax policy, subsidy programs and land prices continues. - FY2023-Q3RestatedAnnual report
「New housing starts nationwide from January through September 2022 came to 101.0% of the previous fiscal year. The Group's principal business is the construction of newly built detached homes. New housing starts in the related owner-occupied housing category declined to 90.2% of the previous fiscal year, while starts of detached subdivision homes came to 105.4%.」
While owner-occupied housing starts declined, detached subdivision housing starts increased, indicating differing trends in housing demand by category. - FY2023-Q2RestatedAnnual report
「In Aichi Prefecture, new housing starts from January through June 2022 were 94.3% of the previous fiscal year in the owner-occupied housing category, while detached subdivision housing starts were 115.4%. Consumers seeking an environment suited to changing housing needs in the new normal, including teleworking spaces, also showed a tendency to seek detached homes in affordable price ranges.」
In Aichi Prefecture, owner-occupied housing demand was weakening, while demand for subdivision housing and homes suited to the new normal and available at affordable prices was evident. - FY2022RestatedAnnual report
「Demand for housing and residential land is susceptible to economic conditions, the employment and income environment, interest rates, housing tax policy, subsidy programs, land prices and forecasts for these factors. Trends in these factors could affect the Group's business performance and financial condition.」
The risk of demand fluctuations driven by economic conditions, employment and income, interest rates, tax policy, subsidy programs and land prices continues. - FY2022-Q3RestatedAnnual report
「In Aichi Prefecture, where the Group has its business base, new housing starts from January through September 2021 were 106.4% of the previous fiscal year in the owner-occupied housing category and 108.6% in detached subdivision housing. (Source: Ministry of Land, Infrastructure, Transport and Tourism, Building Starts Statistics Survey, monthly data from January through September 2021; cumulative figures calculated by the Company.) During the pandemic, consumers seeking an environment suited to staying at home and teleworking showed a tendency to seek detached homes.」
The Company continued to indicate trends in Aichi's owner-occupied and subdivision housing markets, and demand for detached homes driven by staying at home and teleworking. - FY2022-Q2RestatedAnnual report
「In Aichi Prefecture, where the Group has its business base, new housing starts from January through June 2021 were 102.7% of the previous fiscal year in the owner-occupied housing category and 96.8% in detached subdivision housing. During the pandemic, consumers seeking an environment suited to staying at home and teleworking showed a tendency to seek detached homes.」
The Company continued to indicate trends in Aichi's owner-occupied and subdivision housing markets, as well as demand for detached homes driven by teleworking and other factors. - FY2022-Q1RestatedAnnual report
「Demand in Aichi Prefecture is weakening. However, some consumers seeking an environment suited to teleworking during the pandemic have shown a tendency to seek detached homes in affordable price ranges.」
While housing demand in Aichi Prefecture was described as weakening, the Company also indicated demand for teleworking-compatible homes in affordable price ranges. - FY2021First statedAnnual report
「Demand for housing and residential land is susceptible to economic conditions, the employment and income environment, interest rates, housing tax policy, subsidy programs, land prices and forecasts for these factors. Trends in these factors could affect the Group's business performance and financial condition.」
The Company cites monitoring market conditions, demographics and economic sentiment, together with careful selection of acquisition timing, areas and scale, as countermeasures.