Decline in Housing Demand Due to Consumption Tax Rate Increase
First written in FY2017. 4 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To address this risk, the company is seeking to reduce demand fluctuation risk by focusing on regions where demand is high. In addition, because it targets actual demand from first-time homebuyers, stable demand is expected.」
The company has specified concentrating on regions with strong demand and focusing on actual demand from first-time homebuyers as measures to address demand fluctuation risk from a consumption tax rate increase. - FY2023RestatedAnnual report
「The real estate and housing industries are characterised by demand being significantly affected by trends in the consumption tax rate. If the rate is raised, the resulting decline in household real income will act as a factor restraining private consumption.」
The potential impact of changes in the consumption tax rate on housing demand has been reconfirmed as a risk. - FY2021RestatedAnnual report
「The real estate and housing industries are characterised by demand being significantly affected by trends in the consumption tax rate. If the rate is raised, the resulting decline in household real income will act as a factor restraining private consumption.」
The front-loaded demand and rebound decline caused by a consumption tax rate increase, and the potential impact on housing demand, remain risks. - FY2021-Q2RestatedAnnual report
「In addition to the impact of weaker consumer sentiment following last year's consumption tax rate increase, the effects of COVID-19 have caused new housing starts, according to figures released by the Ministry of Land, Infrastructure, Transport and Tourism, for owner-occupied homes to trend down year on year.」
The decline in consumer sentiment following the consumption tax rate increase has continued to restrain demand in the housing market. - FY2020MaterialisedAnnual report
「The custom-built housing industry as a whole has been significantly affected by the rebound following the October 2019 consumption tax increase,」
It has been explained that the post-increase rebound decline actually occurred, affecting the custom-built housing industry as a whole. - FY2020-Q3MaterialisedAnnual report
「The custom-built housing industry as a whole has been strongly affected by the rebound following the consumption tax increase.」
It has been explained that the post-increase rebound decline actually occurred, affecting the custom-built housing industry as a whole, particularly strongly. - FY2020-Q2Monitor economic trends following implementation of the consumption tax increase.Annual report
「The consumption tax was also increased in October, making it necessary to pay close attention to economic trends going forward.」
The disclosure has moved from the previous description of the scheduled tax increase and the risk of a rebound decline to the stage where the consumption tax increase has been implemented, with attention drawn to economic trends. - FY2020-Q1No post-increase rebound decline in consumption tax was observed as of the quarter.Annual report
「As of the end of the first quarter accounting period, the company had not seen any sign of a rebound decline in front-loaded demand associated with the consumption tax increase.」
Although front-loaded demand occurred ahead of the consumption tax rate increase, it has been explained that no sign of a rebound decline had appeared as of the end of the quarter. - FY2019RestatedAnnual report
「While front-loaded demand ahead of the consumption tax increase scheduled for October 2019 is expected,」
Regarding the consumption tax increase, the scheduled timing of October 2019, front-loaded demand and the risk of weaker private consumption due to a post-increase rebound decline continue to be described. - FY2018The scheduled timing of the tax increase and front-loaded demand were specified.Annual report
「While continued housing acquisition support measures, stable employment and income conditions, and front-loaded demand ahead of the consumption tax increase scheduled for October 2019 are expected,」
Regarding the risk of a consumption tax rate increase, the scheduled timing of October 2019 and fluctuations in demand before and after the increase were described in greater detail. - FY2017First statedAnnual report
「If the consumption tax rate is raised, the resulting decline in household real income will act as a factor restraining private consumption.」
The rebound from front-loaded demand after the tax rate increase and the decline in private consumption are described as potential factors affecting housing demand and business performance.