Contraction of the Housing Market Due to Declining Population and Household Numbers
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2027-H1.
Iida Group 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 2020: 14 of 20 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「This transaction is being carried out with the aim of enhancing the business portfolio of the 一建設 Group and increasing corporate value over the medium to long term, in anticipation of the structural contraction of the newly built housing market. While the number of new housing starts is expected to decline as the population and number of households decrease, the real estate investment market has remained firm against a backdrop of growing demand for asset formation.」
The structural contraction of the newly built housing market and the expected decline in new housing starts due to decreases in the population and number of households are explicitly identified as the basis for the shift in the business portfolio. - FY2024RestatedAnnual report
「There are concerns that the housing market will contract as Japan's population and number of households decline, particularly as the working-age population, which includes many first-time homebuyers, decreases.」
The risk of housing market contraction due to declines in population and households, particularly the working-age population, continues to be disclosed. - FY2022WorsenedAnnual report
「There are concerns that the housing market will contract as Japan's population and number of households decline, particularly as the working-age population, which includes many first-time homebuyers, decreases.」
The relationship between the decline in the working-age population, the primary pool of first-time homebuyers, and housing market contraction continues to be clearly disclosed as a risk associated with population and household declines. - FY2020RestatedAnnual report
「There are concerns that the housing market will contract as Japan's population and number of households decline, particularly as the working-age population, which includes many first-time homebuyers, decreases.」
The risk of housing market contraction due to declines in population and the number of households continues to be disclosed, with this update specifying its relationship with the decline in the working-age population, the primary pool of first-time homebuyers. - FY2019First statedAnnual report
「The real estate business is expected to continue facing a challenging operating environment, owing to the contraction of the housing market caused by declines in population and the number of households, intensifying competition from new entrants from other industries into the built-for-sale detached housing market, and the expansion of the existing-home market, including renovations.」
A new medium- to long-term operating environment risk has been identified: population and household declines could shrink the housing market.