Risk of fluctuations in economic conditions, interest rates, land prices and other factors
First written in FY2017. 4 of 6 entries say "Reframed", first in FY2018. Latest entry: 2026-05-11.
Open House Group moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 30 of 70 companies on the "Worse" side.
45 other companies' latest entry also says "Restated".
- 2026-05-11RestatedEarnings forecast revision
「なお、中東情勢の不確定な状況を考慮して、レンジ形式での開示といたしましたが、現状、各お取引先様の協力を受け、大きな影響は顕在化しておりません。」
中東情勢の不確定性を業績予想の前提に織り込み、予想をレンジ形式で開示した。一方、大きな影響は現時点で顕在化していないと記載している。 - FY2023ReframedAnnual report
「However, attention must be paid to the risk of downward pressure on the economy from global monetary tightening, in addition to higher domestic prices driven by further yen depreciation and surging energy prices due to geopolitical risks.」
External risks relating to economic conditions, interest rates and other factors were reorganised to explicitly identify yen depreciation, geopolitical risks, energy prices, domestic prices and global monetary tightening. - FY2020-Q3ReframedAnnual report
「Economic and policy conditions, including real estate market conditions, trends in mortgage interest rates and consumption tax increases, population trends, revisions to tax laws relating to real estate, and the sentiment of prospective homebuyers, may affect the Group's financial results and business development.」
The risk factors were reorganised by explicitly incorporating real estate market conditions, population trends and policy trends into the previous description of risks relating to economic conditions, interest rates and land prices. - FY2019ReframedAnnual report
「In recent years, we have begun expanding our business in the Osaka, Nagoya and Fukuoka metropolitan areas. However, if demand declines sharply due to factors including the impact of competitors, a decline in the Group's ability to procure land and sell properties, or price fluctuations, this may affect the Group's financial results and business development.」
The previous description of regional expansion risks has been updated to reflect the commencement of operations in multiple regions, including the Fukuoka metropolitan area. Even after regional diversification, competition, declining land-procurement and sales capabilities, and a sharp drop in demand remain risks. - FY2018ReframedAnnual report
「In recent years, we have begun expanding our business in the Osaka and Nagoya metropolitan areas and plan to expand into the Fukuoka metropolitan area. However, if demand declines sharply due to factors including the impact of competitors, a decline in the Group's ability to procure land and sell properties, or price fluctuations, this may affect the Group's financial results and business development.」
The description of the risks associated with concentration in the Tokyo metropolitan area was expanded to incorporate the start of operations in the Osaka and Nagoya metropolitan areas and the planned expansion into the Fukuoka metropolitan area, covering competition and demand fluctuations on the assumption of regional expansion. - FY2017First statedAnnual report
「Accordingly, trends in mortgage interest rates and consumption tax increases, revisions to tax laws relating to real estate, and the sentiment of prospective homebuyers may affect the Group's financial results and business development.」
Economic trends, interest rate levels, land prices, mortgage interest rates, taxation and prospective homebuyer sentiment were disclosed as external risks affecting financial results and business development.