Komori
Seiren (3569) · RiskRestated

Weakness in New Housing Starts

First written in FY2020-Q2. 7 of 15 entries say "Restated". Latest entry: 2026-05-13.

15entries
8years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2023-Q2 – FY2024-Q1RestatedFY2024-Q3 – 2026-05-132019: 12020: 320202021: 420212022: 220222023: 220232024: 120242025: 120252026: 12026
Same theme, other companies
Business deterioration due to declining housing starts and price competition in construction materialsA theme 24 companies write about · 24 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2023: 15 of 21 companies on the "Worse" side.

2 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 24 companies compared. The sentences above are computed from all 24.
Full recordFilings, disclosures and news, newest first
  1. 2026-05-13RestatedEarnings

    「In housing-related products, materials for housing struggled due to the decline in housing starts.」

    The decline in housing starts continues to affect the performance of materials for housing.
  2. FY2026-H1RestatedAnnual report

    「In housing-related products, materials for housing struggled due to the decline in housing starts.」

    The decline in housing starts continues to be a factor behind the weak performance of residential materials.
  3. FY2024-Q3RestatedAnnual report

    「Although environmentally oriented products performed well in housing materials, the business struggled due to the impact of lower housing starts.」

    The decline in housing starts continues to affect the housing materials business.
  4. FY2024-Q1WorsenedAnnual report

    「Although environmentally responsive products performed well, sales of housing materials declined due to the impact of fewer detached housing starts.」

    Although environmentally responsive products performed well, the decline in detached housing starts resulted in lower sales of housing materials.
  5. FY2023-Q3WorsenedAnnual report

    「Although housing materials were affected by a decline in detached-house starts, revenue increased due to the acquisition of new business and strong performance by environmentally oriented products.」

    The decline in housing starts was again cited as a factor affecting the housing materials business.
  6. FY2023-Q2WorsenedAnnual report

    「Although housing materials were affected by a decline in detached-house starts, revenue increased due to the acquisition of new business and strong performance by environmentally oriented products.」

    Following the previous reference to a recovery in housing starts, the decline in detached housing starts was again cited as a factor affecting the business.
  7. FY2022MitigatedAnnual report

    「Housing materials benefited from the recovery in housing starts, while living materials benefited from increased orders for products with enhanced functionality for hospitals and nursing care facilities, among other factors.」

    It is stated that demand conditions for housing and living materials recovered as housing starts recovered and orders for hospital and nursing care products increased.
  8. FY2022-Q2RestatedAnnual report

    「Sales recovered in the housing materials-related business as housing starts recovered, and in the office and interior materials-related business due to factors including increased orders for products with enhanced functionality for hospitals and nursing care facilities.」

    It is stated that sales of housing, office and interior materials recovered as housing starts recovered and orders for hospital and nursing care products increased.
  9. FY2022-Q1MitigatedAnnual report

    「Sales recovered in the housing materials-related business as housing starts recovered, and in the office and interior materials-related business due to factors including increased orders for products with enhanced functionality for hospitals and nursing care facilities.」

    It is stated that sales of housing, office and interior materials recovered as housing starts recovered and orders increased.
  10. FY2021MaterialisedAnnual report

    「Revenue declined due to a drop in new housing starts, lower order volumes and order postponements resulting from customer inventory adjustments in the first half.」

    The decline in housing starts led to lower sales of housing-related materials, together with inventory adjustments, lower order volumes and postponed orders.
  11. FY2021-Q3RestatedAnnual report

    「Revenue declined due to a drop in new housing starts, lower order volumes and order postponements resulting from customer inventory adjustments in the first half.」

    The difficult external environment in the housing materials market, including the decline in new housing starts, continues to be cited.
  12. FY2021-Q2RestatedAnnual report

    「In the Housing Materials business, the segment’s mainstay, concern exists over a future decline in new housing starts. In the Office and Interior Materials business, concern also exists over a decrease in new projects.」

    The company continues to cite a future decline in new housing starts and a decrease in new Office and Interior Materials projects as concerns.
  13. FY2021-Q1WorsenedAnnual report

    「In the Housing Materials business, the segment’s mainstay, concern exists over a future decline in new housing starts. In the Office and Interior Materials business, concern also exists over a decrease in new projects.」

    A future decline in new housing starts is cited as a concern, and external-environment risks in the housing-materials market are increasing.
  14. FY2020-Q3RestatedAnnual report

    「While the number of new housing starts remains weak,」

    The continued weakness in new housing starts remains listed as an external-environment risk for the Environmental and Lifestyle Materials business.
  15. FY2020-Q2First statedAnnual report

    「While the number of new housing starts remains weak,」

    Weak new housing starts are identified as an external market risk affecting the environmental and lifestyle materials business.
Moved together

"Risk of Foreign Exchange Rate Fluctuations" moved the same way as this thread, in the same document, in 5 of its 15 moves.

533322★123456
  1. ★This thread
  2. 1Risk of Foreign Exchange Rate Fluctuations5×
  3. 2Expansion of Global Operations3×
  4. 3Expanding Cosmetics, Medical and Healthcare Businesses Based on Sericin3×
  5. 4Sluggish Domestic Apparel Market and Consumers’ Focus on Saving3×
  6. 5Strengthening earnings power through productivity improvement, operational efficiency and expense reduction2×
  7. 6Creating New Businesses through Expansion into Non-Apparel and Non-Textile Fields2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Seiren yet. It last moved in the Earnings of 2026-05-13: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.