Property Sales Risks from Rising Construction Costs and Weaker Customer Purchasing Power
First written in FY2017. 4 of 9 entries say "Restated". Latest entry: FY2026.
TRUST Holdings moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 12 of 22 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Due to the entry of competing companies into the sales areas, persistently high construction costs, and weaker consumer sentiment resulting from rising mortgage interest rates, the number of units handed over was 68, substantially below the plan by 52 units.」
The entry of competing companies, persistently high construction costs and weaker consumer sentiment caused by rising mortgage interest rates materialised as a 52-unit shortfall against the handover plan. - FY2025RestatedAnnual report
「With regard to sales of newly built condominiums, the business environment has become uncertain due to persistently high housing prices resulting from soaring construction costs and weaker consumer sentiment caused by rising mortgage interest rates.」
The company continues to describe uncertainty in the real estate sales environment resulting from soaring construction costs, persistently high housing prices, rising mortgage interest rates and weaker consumer sentiment. - FY2024RestatedAnnual report
「With regard to sales of newly built condominiums, the business environment has become uncertain amid concerns over weaker consumer sentiment due to rising interest rates accompanying monetary tightening in the United States, as well as soaring raw material prices caused by Russia’s invasion of Ukraine and the weaker yen.」
The company continues to describe uncertainty in the real estate sales environment resulting from rising interest rates, weaker consumer sentiment, the situation in Ukraine, the weaker yen and soaring raw material prices. - FY2023RestatedAnnual report
「With regard to sales of newly built condominiums, the business environment has become uncertain amid concerns over weaker consumer sentiment due to rising interest rates accompanying monetary tightening in the United States, as well as soaring raw material prices caused by Russia’s invasion of Ukraine and the weaker yen.」
The company continues to describe uncertainty in the real estate sales environment resulting from rising interest rates, weaker consumer sentiment, the situation in Ukraine, the weaker yen and soaring raw material prices. - FY2022WorsenedAnnual report
「With regard to sales of newly built condominiums, the business environment has become uncertain amid concerns over weaker consumer sentiment due to the spread of COVID-19 and rising interest rates accompanying monetary tightening in the United States, as well as soaring raw material prices caused by Russia’s invasion of Ukraine and the weaker yen.」
In addition to the existing risks of higher construction costs and lower purchasing power, rising interest rates, the weaker yen, soaring raw material prices and geopolitical factors were explicitly identified. - FY2018RestatedAnnual report
「To address higher construction costs resulting from rising prices of construction materials, shortages of construction workers, particularly skilled workers, and rising labour costs, we will accurately assess supply and demand trends in each area and develop condominiums that meet customers’ increasingly diverse and sophisticated values and needs.」
The company described concerns over higher construction costs resulting from construction material prices, shortages of construction workers and rising labour costs, as well as measures to address them. - FY2017First statedAnnual report
「In our core parking business, we recognise the revitalisation of existing parking facilities and stronger development of new parking facilities as immediate issues to address. In our real estate and other businesses, amid concerns that rising construction costs and other factors may reduce customers’ purchasing power, improving earnings power is also an immediate issue for our group.」
The company identified declining customer purchasing power caused by rising construction costs and other factors as a concern for its real estate and other businesses.