Uncertain Outlook for Housing Market Amid Wood Shock
First written in FY2022-Q1. 2 of 4 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2023.
Tomoku moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 9 of 12 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「In the housing market, new housing starts remained weak amid higher component and energy prices and the impact of inflation.」
Higher prices for components, including timber, and energy have continued to appear as weakness in the housing market. - FY2023-Q3WorsenedAnnual report
「In the housing segment, the company revised selling prices in response to higher material and timber costs, while 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, the effect on cost of sales of fair-value adjustments included in inventory at the time of the acquisition of ㈱玉善 was eliminated, resulting in higher profit.」
Higher prices for materials, including timber, led to selling-price revisions and appeared in the housing business as a year-on-year decline in the number of homes sold and lower revenue at Swedish House and 玉善. - FY2023-Q2MaterialisedAnnual report
「The number of homes sold by ㈱スウェーデンハウス increased year on year, but at ㈱玉善, visitor numbers declined as rising timber prices and semiconductor shortages pushed up the prices of spec homes, resulting in a year-on-year decrease in homes sold.」
The surge in timber prices associated with the wood shock has appeared in 玉善's actual housing business in the form of higher prices for spec homes, fewer visitors and a decline in the number of homes sold. - FY2022-Q1First statedAnnual report
「In the housing market, the outlook remains uncertain because of the effects of COVID-19 and the wood shock, while the number of new housing starts continues to increase year on year.」
The company identified the wood shock for the first time as a factor contributing to uncertainty in the housing market outlook. It also stated that the number of new housing starts was increasing year on year, without indicating any specific effects from the risk.