Heightened Competition for Real Estate Acquisitions and Market Liquidity
First written in FY2016-Q2. 23 of 30 entries say "Restated". Latest entry: 2026-10-09.
First Brothers moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
The whole theme swung hardest in 2020: 2 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- 2026-10-09RestatedEarnings
「大型と同様、中小型の不動産市場も長期金利の上昇傾向や、特に都心部での過熱感による利回りの低下傾向が見られました。」
長期金利上昇と都心部の過熱感による利回り低下を背景に、中小型不動産市場にも慎重な動きがあるとの認識が再確認された。 - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period under review, the market for small and medium-sized properties, like the market for large properties, showed some signs of caution due to the upward trend in long-term interest rates and the downward trend in yields resulting from overheating, particularly in central urban areas」
It was reaffirmed that cautious activity was also evident in the small- and medium-sized property market, against a backdrop of lower yields due to rising long-term interest rates and overheating in central urban areas. - FY2025Cautious investment decisions alongside region-specific demandAnnual report
「During the consolidated fiscal year under review, we made cautious investment decisions amid major changes in economic conditions, including domestic and overseas interest rate trends. At the same time, toward the end of the fiscal year, demand to acquire real estate was extremely strong in some areas, and our Group also pursued sales actively.」
Cautious investment decisions in response to interest rate trends and other factors were noted alongside extremely strong demand to acquire real estate in some regions. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period under review, the market for small and medium-sized properties, like the market for large properties, showed signs of caution due to the upward trend in long-term interest rates and the downward trend in yields resulting from overheating, particularly in central urban areas.」
The challenging acquisition environment previously seen mainly for centrally located and large properties also spread to the small- and medium-sized property market, taking the form of lower yields due to rising long-term interest rates and overheating in central urban areas. - FY2024-Q2WorsenedAnnual report
「During the six-month consolidated period under review, the market for small and medium-sized properties, like the market for large properties, showed signs of caution due to the upward trend in long-term interest rates and the downward trend in yields resulting from overheating, particularly in central urban areas.」
Amid continued competition to acquire real estate, rising long-term interest rates and overheating in central urban areas lowered investment yields, and cautious activity emerged in the small- and medium-sized property market. - FY2024-Q1WorsenedAnnual report
「Competition to acquire centrally located and large properties remained intense, prices remained elevated, and investment yields remained low.」
For centrally located and large properties, the disclosure explicitly noted intense acquisition competition, persistently high prices and low investment yields, giving greater specificity to the challenging market environment. - FY2023-Q3RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Intense competition to acquire real estate and high market liquidity continue together with low borrowing costs and strong investor appetite. - FY2023-Q2RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Intense competition to acquire real estate and high market liquidity have been reaffirmed together with low borrowing costs and strong investor appetite. - FY2022-Q2RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Intense competition to acquire real estate and high market liquidity have been reaffirmed together with low borrowing costs and strong investor appetite. - FY2022-Q1RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
It was stated that intense competition to acquire real estate and high market liquidity continue amid infectious disease and geopolitical risks. - FY2021-Q3RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low even though the end of COVID-19 is not yet in sight. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
The view that intense competition to acquire real estate and high market liquidity continue even amid the spread of COVID-19 has been restated. - FY2021-Q2RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low even though the end of COVID-19 is not yet in sight. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
The view that intense competition to acquire real estate and high market liquidity continue even amid the spread of COVID-19 is being restated. - FY2021-Q1RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that continue to remain low even though the end of COVID-19 is not yet in sight. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
The view that intense competition to acquire real estate and high market liquidity continue even amid the spread of COVID-19 has been restated. - FY2020-Q3RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remained eager to invest, supported by borrowing costs that remained low even as economic activity stagnated due to the impact of COVID-19, and the market continued to be resilient.」
Although there is no explicit reference to competition to acquire properties or liquidity, the previous description of strong investor appetite and a resilient market has been maintained. - FY2020-Q2SoftenedAnnual report
「Domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low, and the market continues to be resilient.」
The previously stated intensity of competition to acquire real estate and high market liquidity are no longer mentioned, and the description has been recast as a resilient market supported by strong investor appetite. - FY2020-Q1RestatedAnnual report
「Domestic and overseas investors remain eager to invest, and competition to acquire real estate remains intense while the market continues to be highly liquid」
Strong investment appetite among domestic and overseas investors, intense competition to acquire real estate and high market liquidity have been reaffirmed. However, the need to monitor the impact of COVID-19 on the market is also noted. - FY2019RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
The intense competition to acquire real estate and high market liquidity have been restated as the business environment for the full fiscal year. - FY2019-Q3RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Intense competition to acquire real estate and high market liquidity continue. - FY2019-Q1RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Intense competition to acquire real estate and high market liquidity continue. - FY2018-Q3RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Low borrowing costs, strong investor appetite, intense competition to acquire properties and high market liquidity continue. - FY2018-Q2RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
A market environment characterized by low borrowing costs, strong investor appetite, intense competition to acquire properties and high liquidity has been reaffirmed. - FY2018-Q1RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Borrowing costs remain low, investor appetite remains strong, competition to acquire properties remains intense, and liquidity remains high. - FY2017RestatedAnnual report
「Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Intense competition to acquire real estate and high liquidity continue. - FY2017-Q2RestatedAnnual report
「In the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low and expectations for higher rents on office buildings and other properties. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
The intense competition to acquire real estate and high market liquidity have been restated in the same terms as in the previous quarter. - FY2017-Q1RestatedAnnual report
「In addition, in the real estate transaction market, domestic and overseas investors remain eager to invest, supported by borrowing costs that remain low and expectations for higher rents on office buildings and other properties. Competition to acquire real estate remains intense, and the market continues to be highly liquid.」
Strong investment appetite among domestic and overseas investors, intense competition to acquire real estate and high market liquidity continue. - FY2016RestatedAnnual report
「In addition, in the real estate transaction market, domestic and overseas investors remain eager to invest, supported by lower borrowing costs resulting from the Bank of Japan's negative interest rate policy and expectations for higher rents on office buildings and other properties. Competition to acquire real estate has intensified, and the market continues to be highly liquid.」
Strong investment appetite among domestic and overseas investors, intensifying competition to acquire properties and high market liquidity continue. - FY2016-Q3RestatedAnnual report
「In addition, in the real estate transaction market, domestic and overseas investors remain eager to invest, supported by lower borrowing costs resulting from the Bank of Japan's negative interest rate policy and expectations for higher rents on office buildings and other properties. Competition to acquire real estate has intensified, and the market continues to be highly liquid.」
Strong investment appetite among domestic and overseas investors, active competition to acquire properties and high liquidity continue to be reported. - FY2016-Q2First statedAnnual report
「In addition, in the real estate transaction market, domestic and overseas investors remain eager to invest, supported by lower borrowing costs resulting from the Bank of Japan's negative interest rate policy and expectations for higher rents on office buildings and other properties. Competition to acquire real estate has intensified, and the market continues to be highly liquid.」
It describes a market environment with strong investment appetite, active competition to acquire properties and high liquidity, supported by low borrowing costs and expectations for higher rents.