Fluctuations in Selling Prices Due to Real Estate Market Conditions, Interest Rates and Housing Tax Policies
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: 2026-05-08.
TRUST Holdings moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
27 other companies' latest entry also says "Worsened".
- 2026-05-08WorsenedRevision to earnings forecasts
「Due to the decline in consumer sentiment resulting from recent price inflation and higher interest rates, sales of completed properties, properties acquired for resale, and newly built condominiums scheduled for completion and delivery in the fourth quarter of the current consolidated fiscal year are expected to fall substantially below plan.」
The risks posed by higher interest rates and price inflation to selling prices and the purchasing environment were presented as expected substantial shortfalls against the sales plan. - FY2025RestatedAnnual report
「The Group's real estate business is susceptible to economic conditions, interest rate trends and housing tax policies. If a recession, the resulting deterioration in corporate earnings, a decline in personal consumption, a substantial rise in interest rates, changes in tax policies or other developments occur, selling prices may decline as customers' willingness to purchase weakens, which may affect the Group's operating performance and financial position. In addition, if changes in economic conditions result in higher land acquisition costs and construction costs, or lower selling prices due to excess supply, this may affect the Group's operating performance and financial position.」
The disclosure continues to identify the risks of fluctuations in selling prices due to economic conditions, interest rates, housing tax policies, land acquisition costs, construction costs and excess supply. - FY2024RestatedAnnual report
「The Group's real estate business is susceptible to economic conditions, interest rate trends and housing tax policies. If a recession, the resulting deterioration in corporate earnings, a decline in personal consumption, a substantial rise in interest rates, changes in tax policies or other developments occur, selling prices may decline as customers' willingness to purchase weakens, which may affect the Group's operating performance and financial position. In addition, if changes in economic conditions result in higher land acquisition costs and construction costs, or lower selling prices due to excess supply, this may affect the Group's operating performance and financial position.」
The disclosure continues to identify the risks of fluctuations in selling prices due to economic conditions, interest rates, housing tax policies, land acquisition costs, construction costs and excess supply. - FY2023RestatedAnnual report
「The Group's real estate business is susceptible to economic conditions, interest rate trends and housing tax policies. If a recession, the resulting deterioration in corporate earnings, a decline in personal consumption, a substantial rise in interest rates, changes in tax policies or other developments occur, selling prices may decline as customers' willingness to purchase weakens, which may affect the Group's operating performance and financial position.」
The disclosure continues to identify the risks of fluctuations in economic conditions, interest rates, housing tax policies, customers' willingness to purchase and selling prices. - FY2022WorsenedAnnual report
「In addition, if changes in economic conditions result in higher land acquisition costs and construction costs, or lower selling prices due to excess supply, this may affect the Group's operating performance and financial position.」
In addition to the existing risks related to economic conditions, interest rates and housing tax policies, the disclosure now specifies the risks of higher land acquisition and construction costs and lower selling prices due to excess supply. - FY2018RestatedAnnual report
「The Group's businesses are susceptible to economic conditions, interest rate trends and housing tax policies. If a recession, the resulting deterioration in corporate earnings, a decline in personal consumption, a substantial rise in interest rates, changes in tax policies or other developments occur, selling prices may decline as customers' willingness to purchase weakens, which may affect the Group's operating performance and financial position.」
The disclosure continues to describe the risk of fluctuations in customers' willingness to purchase and selling prices due to real estate market conditions, interest rates and housing tax policies. - FY2017First statedAnnual report
「The Group's real estate and related businesses are susceptible to economic conditions, interest rate trends and housing tax policies. If a recession, the resulting deterioration in corporate earnings, a decline in personal consumption, a substantial rise in interest rates, changes in tax policies or other developments occur, selling prices may decline as customers' willingness to purchase weakens, which may affect the Group's operating performance and financial position.」
The disclosure describes the possibility that economic conditions, interest rates and housing tax policies may affect customers' willingness to purchase and selling prices.