Decline in Housing Starts and Demand Due to Population Decline
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 12 of 17 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Changes in real estate market conditions, demographics and economic sentiment in the regions where our group operates may affect the development of our group's business.」
Changes in the market environment in our operating regions, including demographic trends, continue to be identified as a business risk. - FY2019-Q1WorsenedAnnual report
「The housing industry in which our group operates continued to benefit housing purchases from improving income conditions, ongoing preferential tax treatment for home purchases and low mortgage rates, although housing starts remained weak.」
While conditions remained supportive of home purchases, housing starts remained weak. No direct impact on the company's performance or resulting losses were reported. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was determined that there had been no material change in the risk of declining housing starts and demand due to population decline. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was determined that there had been no material change in the risk of declining housing starts and demand due to population decline. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was determined that there had been no material change in the risk of declining housing starts and demand due to population decline. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was determined that there had been no material change in the risk of declining housing demand due to population decline. - FY2016First statedAnnual report
「Over the long term, housing starts in Japan are expected to decline as the population decreases.」
Long-term population decline and a decline in housing starts are assumed as part of the business environment.