Resilient Housing Demand and Recovery in Housing Starts
First written in FY2017-Q1. 25 of 33 entries say "Restated". Latest entry: 2026-10-14.
The whole theme swung hardest in 2020: 6 of 16 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026Explicit reference to resilience centered on urban areas and rising wagesAnnual report
「In the real estate industry to which the Company belongs, real estate prices have remained at high levels due to rising land prices and construction costs. Meanwhile, the market remained firm, particularly in urban areas, supported by the continuation of various government measures supporting home purchases and rising wages.」
The description has been updated to identify rising wages, in addition to home purchase support measures, as a supporting factor and to state that the market remained firm, particularly in urban areas. - 2026-04-10RestatedRevision of earnings forecasts
「Despite this environment, demand remained firm as a result of developing our real estate business mainly in Yamaguchi Prefecture and the major cities of Kyushu, our principal supply areas.」
The continued firmness of demand, mainly in Yamaguchi Prefecture and the major cities of Kyushu, was reiterated. - FY2025Mortgage rate increases and firm housing demand cited togetherAnnual report
「Although mortgage rates have risen due to higher market interest rates, business conditions remained firm because various government housing support measures continued and wages also increased.」
The description has shifted from firmness against the backdrop of low interest rates to acknowledging rising mortgage rates while stating that housing support measures and wage increases have kept business conditions firm. - FY2025-H1RestatedAnnual report
「In the real estate industry to which the Group belongs, business conditions remained firm due to mortgage rates remaining low and the continuation of various government housing support measures.」
The continued firmness of housing-related business conditions against the backdrop of low mortgage rates and government housing support measures continues to be cited. - FY2025-Q1RestatedAnnual report
「In the real estate industry to which the Group belongs, business conditions remained firm due to mortgage rates remaining low and the continuation of various government housing support measures.」
The continued firmness of housing-related business conditions against the backdrop of low mortgage rates and government housing support measures continues to be cited. - FY2024-Q3RestatedAnnual report
「In the real estate industry to which the Group belongs, business conditions remained firm due to continued low mortgage rates and the continuation of various government housing support measures.」
The view that housing-related business conditions remain firm against the backdrop of low mortgage rates and housing support measures continues. - FY2024-Q1RestatedAnnual report
「In the real estate industry to which the Group belongs, business conditions remained firm due to continued low mortgage rates and the continuation of various government housing support measures.」
The view that housing-related business conditions remain firm against the backdrop of low mortgage rates and housing support measures continues. - FY2023-Q2Change in factors behind concerns over home purchase sentiment; continued firmnessAnnual report
「In the real estate industry to which the Group belongs, the situation remains unpredictable due to factors including rising construction costs and concerns over weaker sentiment toward home purchases caused by economic conditions. However, business conditions remained firm amid increased interest in housing due to various government housing support measures, continued low interest rates and the spread of teleworking.」
Regarding concerns over weaker sentiment toward home purchases, economic conditions are cited as an additional factor alongside the COVID-19 pandemic, while business conditions remain firm against the backdrop of housing support measures, low interest rates and increased interest in housing due to the spread of teleworking. - FY2023-Q1Housing purchase sentiment concerns and rising housing demand cited togetherAnnual report
「In the real estate industry to which the Group belongs, the situation remains unpredictable due to factors including rising construction costs, a shortage of construction workers and concerns over weaker sentiment toward home purchases during the COVID-19 pandemic. However, business conditions remained firm due to low mortgage rates, the continuation of various government housing support measures, and increased housing demand resulting from changes in lifestyles and working styles.」
While concerns over weaker sentiment toward home purchases are explicitly stated, business conditions are described as firm due to increased housing demand against the backdrop of low interest rates, housing support measures, and changes in lifestyles and working styles. - FY2022-Q3RestatedAnnual report
「In the real estate industry to which the Group belongs, 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. On the other hand, business conditions remained firm due to increased housing needs resulting from more time spent at home during the COVID-19 pandemic and mortgage rates remaining low.」
The continued sluggishness of housing demand and weakness in housing starts, together with firm business conditions against the backdrop of more time spent at home and low interest rates, continues to be cited. - FY2022-Q2RestatedAnnual report
「On the other hand, business conditions remained firm due to increased housing needs resulting from more time spent at home during the COVID-19 pandemic and mortgage rates remaining low.」
The view that housing-related business conditions remain firm against the backdrop of increased housing needs and low interest rates continues. - 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.」
The view that housing demand is sluggish, housing starts are weakening and the business environment is becoming increasingly challenging continues. - FY2021WorsenedAnnual report
「Housing demand has remained firm, with mortgage rates continuing at low levels. Meanwhile, sales activities are being conducted while taking measures to prevent infection, including requiring complete reservations for model-room visits. In addition, the number of housing starts has remained weak amid persistently high construction costs, and the business environment is becoming increasingly challenging.」
While the strength of housing demand is maintained, weakness in housing starts and the increasingly challenging business environment are explicitly stated for the full fiscal year as well. - 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.」
The view that housing demand is sluggish, housing starts are weakening and the business environment is becoming increasingly challenging continues. - 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.」
The view that housing demand is sluggish, housing starts are weakening and the business environment is becoming increasingly challenging continues. - 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 contrast to the previously stated strength of housing demand, sluggish housing demand and weakness in the number of housing starts were explicitly stated, indicating that the business environment is becoming increasingly challenging. - FY2020RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm, supported by lower mortgage rates and tax incentives for home purchases.」
The view that housing demand remains firm against the backdrop of lower mortgage rates and tax incentives for home purchases continues. - FY2020-Q3RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm against the backdrop of a low-interest-rate environment and other factors.」
The continued strength of housing demand against the backdrop of a low-interest-rate environment and other factors continues to be indicated. - FY2020-Q2RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm, supported by lower mortgage rates and tax incentives for home purchases.」
The continued strength of housing demand against the backdrop of lower mortgage rates and tax incentives for home purchases continues to be indicated. - FY2020-Q1RestatedAnnual report
「In the real estate industry to which the Group belongs, housing demand has remained firm, supported by lower mortgage rates and tax incentives for home purchases.」
The view that housing demand remains firm against the backdrop of lower mortgage rates and tax incentives for home purchases continues. - 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 continued strength of housing demand against the backdrop of accommodative monetary policy and measures supporting home purchases continues to be indicated. - 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 continued strength of housing demand against the backdrop of accommodative monetary policy and measures supporting home purchases continues to be indicated. - FY2019-Q1Removal of reference to housing starts and change in monetary policy wordingAnnual 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.」
While the view that housing demand remains firm continues, the previous reference to a recovery in the number of housing starts has been removed, and the monetary policy cited as a backdrop has changed from negative interest rates to accommodative monetary policy. - FY2018RestatedAnnual 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 continued strength of housing demand against the backdrop of negative interest rates and measures supporting home purchases continues to be cited. - 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 continued strength of housing demand against the backdrop of negative interest rates and measures supporting home purchases continues to be indicated. - 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 continued strength of housing demand against the backdrop of negative interest rates and measures supporting home purchases continues to be indicated. - 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 continued strength of housing demand against the backdrop of negative interest rates and measures supporting home purchases continues to be cited. - FY2017RestatedAnnual 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 introduction of negative interest rates and the continuation of measures supporting home purchases.」
The continued strength of housing demand against the backdrop of negative interest rates and measures supporting home purchases continues to be indicated. - FY2017-Q3RestatedAnnual report
「Against the backdrop of the Bank of Japan’s introduction of negative interest rates and the continuation of housing purchase support measures, housing demand remained resilient, and housing starts also showed signs of recovery during the third quarter of the current consolidated cumulative period.」
The resilience of housing demand and the recovery in housing starts, supported by negative interest rates and housing purchase support measures, continue to be cited. - FY2017-Q2RestatedAnnual report
「Against the backdrop of the Bank of Japan’s introduction of negative interest rates and the continuation of housing purchase support measures, housing demand remained resilient, and housing starts also showed signs of recovery during the second quarter of the current consolidated cumulative period.」
The resilience of housing demand and the recovery in housing starts, supported by negative interest rates and housing purchase support measures, continue to be cited. - FY2017-Q1First statedAnnual report
「Against the backdrop of the Bank of Japan’s introduction of negative interest rates and the continuation of housing-purchase support measures, housing demand remained resilient, and housing starts also showed signs of recovery during the first quarter of the current consolidated cumulative period.」
The status of housing demand, supported by monetary policy and housing-purchase support measures, is described as a fact concerning the business environment.