Rising Purchase Prices for Existing Homes, Building Materials Prices and Construction Costs
First written in FY2016. 7 of 21 entries say "Materialised", first in FY2019-Q3. Latest entry: 2026-10-13.
Toubujyuhan moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- 2026-10-13WorsenedM&A and Subsidiary Changes
「リフォーム工事に使用される各種原材料が、不安定な中東情勢等により、価格高騰や供給不安等の影響を受けているため、中長期的な業績見通しを合理的に算定することが困難な状況となったことを踏まえ、当社は、中期経営計画の前提となる経営環境及び数値目標の妥当性を十分に担保することが難しいと判断し、第４次中期経営計画の公表を延期することといたしました。」
材料価格・供給不安が中長期見通しの算定困難要因として具体化され、第４次中期経営計画の公表延期と関連付けられた。元スレッドは変更しない。 - FY2026MitigatedAnnual report
「Although revenue declined, gross profit was ¥2,367.821 million, up 5.9% year on year, due to an increase in real estate brokerage fees, which have a higher profit margin, and a lower cost ratio in the Company's own real estate trading business resulting from optimising quality through selective decisions on the scope of construction work.」
Amid continuing risks from higher acquisition prices and construction costs, the cost ratio in the Company's own real estate trading business declined through measures including quality optimisation by selectively determining the scope of construction work, and gross profit rose 5.9% year on year. - FY2026-H1MitigatedAnnual report
「Although revenue declined, operating profit was ¥448.142 million, up 2.3% year on year, due to higher selling prices for the Company's own properties and a lower cost ratio.」
The cost ratio in the Company's own real estate trading business declined, and operating profit rose 2.3% year on year despite lower revenue. Profitability improved during the interim period despite the risk of higher acquisition prices and construction costs weighing on profit. - FY2025MaterialisedAnnual report
「Gross profit was ¥2,236.142 million, up 11.4% year on year, as revenue increased and the cost ratio in the Company's own real estate trading business rose due in part to higher acquisition prices.」
Higher acquisition prices appeared in actual results as an increase in the cost of sales ratio. At the same time, gross profit rose 11.4% year on year due to higher revenue. - FY2025-H1MaterialisedAnnual report
「The average selling price also rose by ¥174 thousand year on year to ¥15.915 million due to higher renovation construction costs and other factors, contributing to revenue from the Company's own real estate trading business exceeding the previous year's level.」
The increase in renovation construction costs and other factors appeared in actual results as a ¥174 thousand year-on-year increase in the average selling price, and the risk of higher construction costs continued to materialise. - FY2024MaterialisedAnnual report
「The main factors behind the decline in the net profit margin included higher acquisition prices in the Company's own real estate trading business and the significant impact of increased renovation construction costs resulting from higher wages and other factors among construction contractors.」
Higher acquisition prices and increased renovation costs resulting from higher wages and other factors among construction contractors appeared in actual results as a decline in the net profit margin to 2.9% and a 43.5% year-on-year decrease in net profit. - FY2024-Q1MaterialisedAnnual report
「The average selling price rose by ¥509 thousand year on year to ¥16.061 million, reflecting the increase in renovation construction costs.」
The increase in renovation construction costs appeared in actual results as a factor behind the higher average selling price, and the risk of higher construction costs continued to materialise. - FY2023MaterialisedAnnual report
「During the fiscal year, demand for existing homes in suburban areas, particularly detached houses, increased due to the impact of COVID-19. In response, the Company sought to increase recruitment of sales staff to strengthen its sales capabilities, particularly at suburban locations. However, the number of hires fell short of expectations, while higher material prices resulting from rising logistics costs and other factors, together with higher construction charges due to labour shortages among contractors, increased renovation costs and affected results.」
Higher material prices, labour shortages among contractors and increased renovation costs resulting from higher construction charges appeared in actual results as factors behind the shortfall against the medium-term management plan. - FY2023-Q2WorsenedAnnual report
「During the cumulative second-quarter period, the Japanese economy saw tangible price increases resulting from persistently high crude oil and raw-material prices and labour shortages. Looking ahead, personal consumption was expected to stagnate amid uncertainty over the outlook, and low growth was forecast for the economy as a whole.」
The disclosure describes an economic environment in which persistently high crude oil and raw-material prices and price increases resulting from labour shortages had become tangible, indicating deterioration in the external environment related to the risks of higher acquisition prices, building-material prices and construction costs. - FY2022WorsenedAnnual report
「However, if acquisition prices rise due to intensifying competition, higher prices for certain commodities or other changes in economic conditions, if building-material prices rise, if labour costs rise because contractors face labour shortages, or if the Company is unable to secure a sufficient supply of existing homes that meet its renovation standards, this could affect its financial position, operating results and cash flows.」
In addition to the previously identified risks of higher acquisition and building-material prices, the Company expressly identified higher prices for certain commodities and higher labour costs resulting from labour shortages among contractors. At the same time, it explained that the cost ratio improved during the fiscal year. - FY2021Acquisition prices remained high while the cost ratio improvedAnnual report
「The increase in the net profit margin was attributable to lower selling, general and administrative expenses, despite a decline in the gross margin resulting from intense competition in the acquisition of existing homes and other properties, which kept acquisition prices high. The decline in SG&A expenses reflected restrained advertising expenses, a decrease in acquisitions of existing homes and other properties to 415 from 493 in the previous fiscal year, and a decrease in real estate acquisition tax, among other factors.」
Although high acquisition prices due to competition and the decline in the gross margin continued, SG&A expenses decreased due to fewer acquisitions, restrained advertising expenses and other factors, improving the profit margin. - FY2020Higher acquisition prices and an improved cost ratio coexistedAnnual report
「The decline in the net profit margin was attributable in part to the higher weighting of revenue from the Company's own real estate trading business, which lowered the gross margin, as well as the increase in companies entering the purchase-and-renovate resale business for existing homes, which intensified competition for existing-home acquisitions and raised acquisition prices.」
The risk of higher acquisition prices resulting from increased competition continued to be cited as an actual factor behind the decline in profit margins. At the same time, the Company explained that the cost ratio improved during the fiscal year. - FY2019MaterialisedAnnual report
「Gross profit was ¥2,092.436 million, up 2.4% year on year, as cost of sales increased 9.6% to ¥5,035.814 million and put pressure on gross profit due to the higher cost ratio in the Company's own real estate trading business, resulting in part from higher acquisition prices.」
Higher acquisition prices appeared in full-year results as an increase in the cost ratio, and cost of sales rose 9.6% year on year. - FY2019-Q3MaterialisedAnnual report
「As a result, revenue from the real estate trading business was ¥5,111.532 million, up 5.8% year on year, but operating profit was ¥653.005 million, down 2.6%, because the cost ratio in the Company's own real estate trading business rose due in part to higher acquisition prices.」
Higher acquisition prices for existing homes actually appeared as an increase in the cost ratio, and operating profit in the real estate trading business declined 2.6% year on year. - FY2018RestatedAnnual report
「However, if acquisition prices rise due to intensifying competition, changes in economic conditions or other factors, if building-material prices rise, or if the Company is unable to secure a sufficient supply of existing homes that meet its renovation standards, this could affect its financial position and operating results.」
The risks of higher acquisition and building-material prices and a shortage of suitable properties continue. - FY2017RestatedAnnual report
「However, if acquisition prices rise due to intensifying competition, changes in economic conditions or other factors, if building-material prices rise, or if the Company is unable to secure a sufficient supply of existing homes that meet its renovation standards, this could affect its financial position and operating results.」
The Company continues to identify higher acquisition and building-material prices and a shortage of suitable properties as risks. - FY2016First statedAnnual report
「However, if acquisition prices rise due to intensifying competition, changes in economic conditions or other factors, if building-material prices rise, or if the Company is unable to secure a sufficient supply of existing homes that meet its renovation standards, this could affect its financial position and operating results.」
The Company is responding by obtaining information from industry peers, financial institutions, business partners and advertising media, and lowering prices through the reuse of existing structures.