Demand for rental housing is susceptible to economic trends and the related employment environment. If the real estate market stagnates or declines due to an economic downturn, an oversupply of apartments, or other factors, occupancy rates or rent levels for rental housing properties may decline.
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「While continuing to disclose the risk of declining occupancy rates and rents due to an economic downturn and oversupply, the company identifies renovations and investment in areas less affected by population decline as countermeasures.」
Changes in real estate-related laws and tax systems and revocation of licenses and permits - FY2024RestatedAnnual report
「The company identifies the potential impact on earnings and asset values through the economy, the employment environment, an oversupply of apartments, and falling real estate prices.」
Based on demand trends by area, we implement renovations that offer strong competitive advantages and adopt an investment strategy focused on areas less affected by future population declines. - FY2023RestatedAnnual report
「The company identifies the potential impact on earnings and asset values through the economy, the employment environment, an oversupply of apartments, and falling real estate prices.」
The company reaffirms the risk of declining occupancy rates and rents due to an economic downturn and oversupply, assessing the likelihood as medium, the timing as medium term, and the impact as high. - FY2022First statedAnnual report
「The company identifies the potential impact on earnings and asset values through the economy, the employment environment, an oversupply of apartments, and falling real estate prices.」
The company reiterates the risk of declining occupancy rates and rents due to an economic downturn and oversupply, assessing the likelihood as medium, the timing as medium term, and the impact as high.