Komori
Tomoku (3946) · RiskWorsened

Decline in Homes Sold Due to Delays in Housing Starts

First written in FY2017-Q2. 11 of 27 entries say "Worsened", first in FY2021-Q1. Latest entry: 2026-07-31.

27entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q2 – FY2017MaterialisedFY2019-Q2 – FY2021-Q2MitigatedFY2022-Q1 – FY2022WorsenedFY2025 – 2026-07-312016: 12017: 120172018: 220182019: 420192020: 420202021: 220212022: 120222023: 320232024: 320242025: 220252026: 42026
Same theme, other companies
Delayed revenue recognition due to delays in starting constructionA theme 51 companies write about · 55 as a headwind · 0 as a tailwind

Tomoku moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).

The whole theme swung hardest in 2026: 13 of 27 companies on the "Worse" side.

5 other companies' latest entry also says "Worsened".

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 51 companies compared. The sentences above are computed from all 51.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-31WorsenedEarnings

    「当社グループの住宅部門では、販売棟数が前年を下回りました。」

    住宅販売の弱さについて、販売棟数が前年を下回ったと記載している。
  2. FY2026WorsenedAnnual report

    「Housing orders totaled 612 units, or 85.4% of the same period of the previous year, while the order backlog was 325 units, or 85.8%.」

    Housing orders and the order backlog were below the previous year, with orders at 85.4% of the same period of the previous year and the order backlog at 85.8%.
  3. FY2026-H1WorsenedAnnual report

    「In the Group's housing segment, Sweden House recorded year-on-year declines in both homes sold and contracts.」

    Sweden House recorded year-on-year declines in homes sold and contracts, and weakness in housing sales has continued.
  4. FY2025WorsenedAnnual report

    「Housing orders totaled 717 units, or 83.4% of the same period of the previous year, while the order backlog was 379 units, or 77.0%.」

    Housing orders and the order backlog were below the previous year, with orders at 83.4% of the same period of the previous year and the order backlog at 77.0%.
  5. FY2025-H1MitigatedAnnual report

    「As a result, both companies' sales volumes exceeded the year-earlier period, and housing-segment revenue was ¥22,624 million, up 4.1% year on year,」

    In contrast to the previously reported decline in homes sold, both companies' sales performance in the first half exceeded the same period of the previous year.
  6. FY2024WorsenedAnnual report

    「Housing orders totaled 860 units, or 97.6% of the same period of the previous year, while the order backlog was 492 units, or 100.0%.」

    Orders were 97.6% of the same period of the previous year, indicating weakness in housing sales alongside the annual decline in homes sold. The order backlog was at the previous year's level.
  7. FY2024-Q3MitigatedAnnual report

    「Visitor numbers at housing exhibitions showed an upward trend, and the number of contracts in the third quarter, from October to December, increased 10% year on year, bringing cumulative contracts for the current fiscal year back to the previous year's level.」

    The statement reports an increase in visitors to housing exhibitions, a 10% increase in third-quarter contracts, and a recovery in cumulative contracts to the previous year's level.
  8. FY2024-Q2WorsenedAnnual report

    「In the first half, the number of homes sold by both companies fell below the same period of the previous year due in part to consumers holding back on home purchases.」

    The number of homes sold by Sweden House and 玉善 fell below the same period of the previous year as consumers held back on home purchases, and the decline in homes sold has continued.
  9. FY2023WorsenedAnnual report

    「Orders received for housing totaled 881 homes, or 75.5% of the year-earlier level, and the order backlog was 492 homes, or 77.1%.」

    Orders received and the order backlog for housing fell below the previous year, with orders received at 75.5% of the year-earlier level and the order backlog at 77.1%.
  10. FY2023-Q3WorsenedAnnual report

    「Although selling prices were revised in response to higher material and timber costs, the number of homes sold fell below the previous year and revenue at スウェーデンハウス and 玉善 declined. However, profit increased as the impact on cost of sales of the fair value adjustment included in inventories at the time of 玉善's acquisition was eliminated. As a result, revenue was ¥44,598 million, down 7.0% year on year, and operating profit was ¥754 million, up 256.0%.」

    The number of homes sold fell below the previous year, and revenue at スウェーデンハウス and 玉善 declined. Although profit increased because the impact of the inventory valuation adjustment at the time of 玉善's acquisition was eliminated, weakness in homes sold and revenue was again reported.
  11. FY2022MitigatedAnnual report

    「Orders received for housing totaled 1,167 homes, or 115.2% of the year-earlier level, and the order backlog was 638 homes, or 118.6%.」

    Compared with the previous delays in housing starts and decline in homes sold, orders received and the order backlog recovered to levels above the previous year.
  12. FY2022-Q2MitigatedAnnual report

    「The number of homes ordered and delivered by the company increased year on year. In addition to revenue from 玉善, which became a subsidiary at the end of the previous period, revenue significantly exceeded the year-earlier period because of the application of the revenue recognition accounting standard.」

    Compared with the previous declines in orders and homes sold and delays in housing starts, the numbers of homes ordered and delivered by スウェーデンハウス increased year on year.
  13. FY2022-Q1MitigatedAnnual report

    「In the housing market, new housing starts continued to increase year on year despite an uncertain outlook due to the impact of COVID-19 and the wood shock. In the housing segment, the number of homes contracted and sold by スウェーデンハウス increased year on year.」

    It states that, compared with the previously reported delays in housing starts and decline in homes sold, new housing starts and the numbers of homes contracted and sold increased year on year.
  14. FY2021-Q2MaterialisedAnnual report

    「Housing revenue was ¥11,946 million, down 6.4% year on year, because some deliveries were pushed into the second half as the spread of infectious disease delayed the start and progress of construction, and because revenue in the renovation segment declined.」

    Delays in the start and progress of construction caused by the spread of infectious disease were reflected in deliveries being pushed into the second half and a 6.4% year-on-year decrease in housing revenue.
  15. FY2021-Q1WorsenedAnnual report

    「In the housing business, visitor numbers at housing exhibition centers from April to May remained down 90% year on year, creating challenging conditions, and the number of homes ordered by スウェーデンハウス Co., Ltd. declined year on year.」

    Unlike the previous delays in housing starts, the number of homes ordered declined year on year against a backdrop of a sharp drop in visitor numbers at housing exhibition centers and increased consumer caution amid the COVID-19 pandemic.
  16. FY2020MaterialisedAnnual report

    「Orders received for housing totaled 881 homes, or 96.5% of the year-earlier level, and the order backlog was 483 homes, or 100.2%.」

    Orders received for housing were 96.5% of the year-earlier level, with weakness in housing demand reflected in order results.
  17. FY2020-Q3MaterialisedAnnual report

    「Sweden House Co., Ltd. continued to promote No. 1 comfort performance, provide customers with reassurance and establish its premium brand image. However, amid the challenging detached-home market and increasingly cautious attitudes toward home purchases, with more customers waiting rather than buying in haste, the number of homes ordered fell below the same period of the previous year.」

    It states that consumers' cautious approach to purchasing homes became more pronounced and the number of homes ordered fell below the year-earlier period.
  18. FY2020-Q2MaterialisedAnnual report

    「Visitor numbers at housing exhibition centers continued to decline year on year, and the number of homes ordered fell below the previous period as consumers remained cautious about purchasing homes, with many waiting rather than rushing to buy despite favorable conditions such as low interest rates and tax incentives, and taking longer to make decisions.」

    It states that the number of homes ordered fell below the previous period because of consumers' cautious approach to purchasing homes.
  19. FY2020-Q1MaterialisedAnnual report

    「Housing revenue was ¥3,333 million, down 7.5% year on year, partly because the number of homes sold declined,」

    The decline in homes sold was reflected in actual results as a 7.5% year-on-year decrease in housing revenue.
  20. FY2019MaterialisedAnnual report

    「Orders received for housing totaled 913 homes, or 96.5% of the year-earlier level, and the order backlog was 482 homes, or 94.0%.」

    Orders received and the order backlog for housing fell below the previous year, with weakness in housing demand reflected in the number of homes.
  21. FY2019-Q3MaterialisedAnnual report

    「Housing revenue was ¥23,368 million, down 2.9% year on year, because the number of homes delivered fell below the previous year,」

    The year-on-year decline in homes delivered was reflected in actual results as a 2.9% year-on-year decrease in housing revenue.
  22. FY2019-Q2MaterialisedAnnual report

    「Housing revenue was ¥12,232 million, down 7.1% year on year, because the number of homes delivered fell below the previous year due to delays in housing starts.」

    Compared with the flat number of homes sold reported in the previous quarter, the number of homes delivered fell below the previous year in the current quarter because of delays in housing starts, resulting in a 7.1% decline in revenue.
  23. FY2019-Q1Change from a decline in homes sold to a flat resultAnnual report

    「Housing revenue was ¥3,601 million, up 2.1% year on year, as the number of homes sold was flat year on year.」

    It states that, compared with the decline in homes sold reported for the previous fiscal year, homes sold were flat year on year in the current quarter.
  24. FY2017MaterialisedAnnual report

    「Housing revenue was ¥40,774 million, down 10.9% from the previous period, partly because the number of homes sold declined, and operating profit was ¥767 million, down 2.5%.」

    The decline in homes sold was reflected in annual results as a 10.9% year-on-year decrease in housing revenue.
  25. FY2017-Q2MaterialisedAnnual report

    「Revenue was ¥12,020 million, down 10.9% year on year, as the number of homes sold declined partly because of delays in housing starts.」

    The delay in housing starts was reflected in an actual decline in homes sold and a 10.9% year-on-year decrease in revenue.
Moved together

"Sluggish Demand for Detached Homes" moved the same way as this thread, in the same document, in 19 of its 27 moves.

1915131187★123456
  1. ★This thread
  2. 1Sluggish Demand for Detached Homes19×
  3. 2Solid demand for home purchases underpinned by policy support and low interest rates15×
  4. 3Logistics Constraints Caused by Driver and Vehicle Shortages13×
  5. 4Increase in demand for corrugated cardboard for processed foods, e-commerce and delivery services11×
  6. 5Increase in logistics costs due to rising fuel prices8×
  7. 6Debt Guarantees for Bridge Loans and Other Financing for Purchasers of Sweden House Homes7×

★ 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
Tomoku's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings of 2026-07-31: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.