Capturing Business Opportunities in Detached Housing Amid COVID-19
First written in FY2020-Q3. 8 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2023.
Open House Group moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2023: 2 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2023SoftenedAnnual report
「Although exceptionally high demand for detached houses has shown signs of leveling off, demand for convenient detached houses in central urban areas remains firm. Even under these conditions, we will continue promoting our group's core detached housing-related business in order to capture new business opportunities for our group.」
Although the business opportunity based on exceptionally high demand during the pandemic has normalized, the company indicated its policy of continuing the detached housing business on the basis of demand in central urban areas. - FY2022-Q3AdvancedAnnual report
「This is because demand for homes with workspaces and other features has remained firm under the new lifestyle that spread in response to the COVID-19 pandemic, and sales have remained steady, while profit margins declined compared with the cumulative third quarter of the previous fiscal year because costs rose from the second quarter of the consolidated fiscal year due in part to the impact of surging material prices.」
Demand for workspace and other facilities continued, and revenue from the detached housing-related business increased 7.4% year on year. Profit margins declined due to higher costs resulting from soaring material prices. - FY2022-Q2AdvancedAnnual report
「In the detached housing-related business, revenue was ¥260,771 million, up 10.9% year on year, and operating profit was ¥35,953 million, up 9.2%. This was due to steady sales, supported by continued demand for workspace and other facilities at home amid the new lifestyle that spread following the expansion of COVID-19, as well as an increase in the number of stores.」
The detached housing-related business achieved higher revenue and profit, supported by continued demand for workspace associated with the new lifestyle and an increase in the number of stores. - FY2022-Q1AdvancedAnnual report
「In the detached housing-related business, revenue was ¥136,051 million, up 12.0% year on year, and operating profit was ¥21,799 million, up 27.9%. This was due in part to increased demand for detached houses in central urban areas as more customers sought workspace and other facilities at home amid the new lifestyle that spread following the expansion of COVID-19.」
The detached housing-related business captured the new lifestyle and demand for workspace as business opportunities, with both revenue and operating profit exceeding the previous-year period. - FY2021AdvancedAnnual report
「Even after the spread of COVID-19, recent business performance has remained solid, and the number of new registrations on the website relating to our detached housing-related business has also remained high.」
The company explained that, regarding detached housing opportunities during the pandemic, performance and new website registrations remained high and initiatives under the medium-term management plan were progressing smoothly. - FY2021-Q3AdvancedAnnual report
「In the detached housing-related business, sales remained strong amid the new lifestyle that spread following the expansion of COVID-19, as demand for detached houses in central urban areas increased with more customers seeking workspace and other facilities at home. As a result, revenue was ¥350,547 million, up 27.9% year on year, and operating profit was ¥49,745 million, up 71.7%.」
The detached housing-related business captured increased demand for working from home and workspace as a business opportunity, resulting in higher revenue and profit. - FY2021-Q2AdvancedAnnual report
「This was because sales remained strong in response to rising demand for detached housing in central Tokyo, as more customers sought workspace and other features at home under the new lifestyle that spread following the outbreak of COVID-19.」
The company captured increased demand for working from home and workspace as a sales opportunity for its detached housing-related business, with revenue up 26.1% year on year and operating profit up 57.5%. - FY2021-Q1AdvancedAnnual report
「Detached houses generally have many private rooms and can also provide workspace by making use of small spaces. We believe that leveraging these characteristics enabled our group to respond promptly to the new lifestyle required of us.」
The company explains that the characteristics of detached houses, which make it easy to secure private rooms and workspace, helped drive strong sales as customers adapted to a new lifestyle. - FY2020AdvancedAnnual report
「Even after the spread of COVID-19, recent business performance has remained solid, and the number of new registrations on the website relating to our detached housing-related business has also remained high. Thus, even amid the spread of COVID-19, initiatives under the medium-term management plan have progressed smoothly to date, led by our group's core detached housing-related business.」
The company explained that measures viewing demand for detached houses during the pandemic as a business opportunity were progressing well underpinned by strong recent performance and a high number of new website registrations, and that the medium-term plan was progressing smoothly. - FY2020-Q3First statedAnnual report
「Even under these conditions, we will continue promoting our group's core detached housing-related business in order to capture new business opportunities for our group.」
The company first explicitly stated measures to promote its detached housing-related business, viewing the expanded utility of detached houses resulting from more time spent at home and increased teleworking opportunities as a new business opportunity.