Persistently high construction costs
First written in FY2017-Q1. 24 of 36 entries say "Restated". Latest entry: 2026-10-14.
STrust moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 12 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Moreover, given concerns about trends in housing loan interest rates and other factors, the business environment ahead cannot be viewed optimistically.」
Concerns about rising construction costs and housing loan interest rates continue to be cited as factors warranting caution regarding the business environment. - FY2025RestatedAnnual report
「Conversely, regarding the rise in construction costs accompanying higher prices caused by yen depreciation, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
Rising construction costs, shortages of construction workers and housing loan interest rates continue to be cited as concerns regarding the business environment. - FY2025-H1RestatedAnnual report
「Conversely, regarding the rise in construction costs accompanying higher prices, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The rise in construction costs, shortages of construction workers and trends in housing loan interest rates continue to be cited as concerns regarding the business environment. - FY2025-Q1RestatedAnnual report
「Conversely, regarding the rise in construction costs accompanying higher prices, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The rise in construction costs, shortages of construction workers and trends in housing loan interest rates continue to be cited as concerns regarding the business environment. - FY2024-Q3RestatedAnnual report
「However, regarding the rise in construction costs, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The rise in construction costs, shortages of construction workers and future trends in housing loan interest rates continue to be cited as concerns regarding the business environment. - FY2024-Q1RestatedAnnual report
「However, regarding the rise in construction costs, shortages of construction workers and future trends in housing loan interest rates, the situation remains uncertain.」
The rise in construction costs continues to be cited, together with shortages of construction workers and future trends in housing loan interest rates, as a concern regarding the business environment. - FY2023WorsenedAnnual report
「Moreover, given concerns about trends in housing loan interest rates and other factors, the business environment ahead cannot be viewed optimistically.」
In addition to rising condominium construction costs due to surging land prices, labor costs and building material prices, concerns about trends in housing loan interest rates were explicitly noted, and caution regarding the business environment continues. - FY2023-Q3WorsenedAnnual report
「In addition, soaring building material prices increased the cost of sales for interior sales and other businesses.」
In addition to the previously noted rise in construction costs, the statement specifically noted that soaring building material prices led to an increase in the cost of sales for interior sales and other businesses. - FY2022WorsenedAnnual report
「In the real estate industry in which we operate, housing demand has remained firm, supported in part by tax incentives for home purchases. However, construction costs for condominium projects are trending higher due to rising land prices, labor costs and building material prices.」
In addition to the previously noted rise in construction costs and shortages of construction workers, the upward trend in condominium construction costs driven by surging land prices, labor costs and building material prices was explicitly noted. - FY2022-Q3RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
Rising construction costs continue to be cited, together with shortages of construction workers and sluggish growth in housing demand, as factors contributing to the softening trend in housing starts and the challenging business environment. - FY2022-Q2RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
Rising construction costs continue to be cited as a factor behind the softening trend in housing starts and the challenging business environment. - FY2022-Q1RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
Rising construction costs continue to be cited as a factor contributing to the softening trend in housing starts and the challenging business environment. - FY2021RestatedAnnual report
「Moreover, with construction costs remaining elevated, housing starts have continued to trend weakly, among other factors, and the business environment is becoming increasingly challenging.」
Construction costs have remained elevated and continue to be cited, together with the softening trend in housing starts, as a factor making the business environment more challenging. - FY2021-Q3RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
Rising construction costs continue to be cited as a factor contributing to the softening trend in housing starts and the challenging business environment. - FY2021-Q2RestatedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
Rising construction costs continue to be cited as a factor contributing to the softening trend in housing starts and the challenging business environment. - FY2021-Q1WorsenedAnnual report
「In the real estate industry in which the Group operates, housing starts have remained weak due to rising construction costs, a shortage of construction workers and sluggish housing demand, and the business environment is becoming increasingly challenging.」
In addition to the previously noted elevated and soaring construction costs, rising costs were explicitly noted, indicating that the business environment is becoming more challenging alongside shortages of construction workers and a softening trend in housing starts. - FY2020WorsenedAnnual report
「At the same time, in addition to the impact of soaring construction costs on selling prices, the business environment ahead cannot be viewed optimistically due to factors including the impact of supply chain disruptions caused by the global spread of COVID-19 infections.」
In addition to the impact of soaring construction costs on selling prices, the impact of supply chain disruptions caused by the spread of infections was explicitly noted, broadening the factors of concern. - FY2020-Q3RestatedAnnual report
「However, soaring construction costs have had a significant impact on sales prices, and the future business environment cannot be viewed optimistically.」
The view remains that soaring construction costs are having a significant impact on selling prices. - FY2020-Q2RestatedAnnual report
「However, soaring construction costs have had a significant impact on sales prices, and the future business environment cannot be viewed optimistically.」
The view remains that soaring construction costs are having a significant impact on selling prices. - FY2020-Q1WorsenedAnnual report
「However, soaring construction costs have had a significant impact on sales prices, and the future business environment cannot be viewed optimistically.」
The wording was strengthened from the previous "remaining elevated" to "surging," continuing to explicitly indicate a significant impact on selling prices. - FY2019-Q3RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm against the backdrop of the Bank of Japan's accommodative monetary policy and the government's continued measures supporting home purchases. Meanwhile, construction costs have remained high, and the future business environment cannot be viewed optimistically.」
The view that persistently high construction costs mean the future business environment cannot be viewed optimistically continues. - FY2019-Q2RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm against the backdrop of the Bank of Japan's accommodative monetary policy and the government's continued measures supporting home purchases. Meanwhile, construction costs have remained high, and the future business environment cannot be viewed optimistically.」
The view that persistently high construction costs mean the future business environment cannot be viewed optimistically continues. - FY2019-Q1RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm against the backdrop of the Bank of Japan's accommodative monetary policy and the government's continued measures supporting home purchases. Meanwhile, construction costs have remained high, and the future business environment cannot be viewed optimistically.」
The view that persistently high construction costs mean the future business environment cannot be viewed optimistically continues. - FY2018RestatedAnnual report
「In the real estate industry, housing demand has remained firm, supported in part by tax incentives for home purchases. However, construction costs for condominiums for sale have been trending higher due to rising land prices and soaring labour costs, and the future business environment cannot be viewed optimistically.」
The annual report also states that, in addition to persistently high construction costs, construction costs for condominiums for sale are trending higher against the backdrop of rising land prices and soaring labour costs. - FY2018-Q3RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm against the backdrop of the Bank of Japan's negative interest rate policy and the continuation of measures supporting home purchases. Meanwhile, construction costs have remained high, and the future business environment cannot be viewed optimistically.」
The view that persistently high construction costs mean the future business environment cannot be viewed optimistically continues. - FY2018-Q2RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm against the backdrop of the Bank of Japan's negative interest rate policy and the continuation of measures supporting home purchases. Meanwhile, construction costs have remained high, and the future business environment cannot be viewed optimistically.」
The view that persistently high construction costs mean the business environment cannot be viewed optimistically continues. - FY2018-Q1RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm against the backdrop of the Bank of Japan's negative interest rate policy and the continuation of measures supporting home purchases. Meanwhile, construction costs have remained high, and the future business environment cannot be viewed optimistically.」
The view that persistently high construction costs mean the business environment cannot be viewed optimistically continues. - FY2017WorsenedAnnual report
「In the real estate industry, housing demand has remained firm, supported in part by tax incentives for home purchases. However, construction costs for condominiums for sale have been trending higher due to rising land prices and soaring labour costs, and the future business environment cannot be viewed optimistically.」
In addition to the previous statement that soaring construction costs affect sales prices, it is explicitly stated that construction costs for condominiums for sale are trending higher against the backdrop of rising land prices and soaring labour costs. - FY2017-Q3RestatedAnnual report
「Meanwhile, soaring construction costs have had a significant impact on the setting of sales prices, and the future business environment cannot be viewed optimistically.」
The view that soaring construction costs have had a significant impact on setting sales prices continues to be indicated. - FY2017-Q2WorsenedAnnual report
「Meanwhile, soaring construction costs have had a significant impact on the setting of sales prices, and the future business environment cannot be viewed optimistically.」
The wording was strengthened from “remaining elevated” to “soaring,” and the significant impact on the setting of sales prices was explicitly stated. - FY2017-Q1First statedAnnual report
「Meanwhile, construction costs have remained elevated, and the future business environment cannot be viewed optimistically.」
Persistently elevated construction costs are identified as a factor making it impossible to take an optimistic view of the future business environment.