Declining birthrate, population aging and a shrinking student population
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Japan is experiencing a declining birthrate and population aging, and the number of students may decline as the population of 18-year-olds decreases in the future.」
The Company continues to disclose the risk of an oversupply of rental properties for single occupants and lower rents and occupancy rates due to a declining birthrate, population aging and a shrinking student population. It identifies attracting international students and providing services addressing population aging as countermeasures. - FY2024RestatedAnnual report
「Japan is experiencing a declining birthrate and population aging, and the number of students may decline as the population of 18-year-olds decreases in the future. As a result, an acceleration in the oversupply of rental properties for single occupants could lead to lower rents and higher vacancy rates, potentially reducing rental and property management income.」
The note reconfirms the risk that a declining birthrate, population aging and a shrinking student population could affect earnings through an oversupply of properties for single occupants, lower rents and lower occupancy rates. The likelihood is assessed as high and the timing as long term. - FY2022First statedAnnual report
「Japan is experiencing a declining birthrate and population aging, and the number of students may decline as the population of 18-year-olds decreases in the future.」
The note identifies the declining population of 18-year-olds and student population as potential drivers of market contraction in regions with a high proportion of students.