Soaring lumber prices due to the wood shock and sluggish demand for new homes
First written in FY2022-Q3. 4 of 13 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026New-build applications were broadly in line with the previous year, while renovation applications remained firmAnnual report
「Sales of paint for new-build housing remained sluggish due to a decline in the number of housing units constructed by major customers. Sales of paint for multi-unit housing renovations remained strong.」
While weak demand for paint for new-build housing continued, renovation paint for multi-unit housing performed well, lifting sales in the coatings segment as a whole by 14.5% and operating profit by 153.5%. - 2026-05-14RestatedRevision of earnings forecasts
「Sales of coatings for new construction remained sluggish because the number of buildings constructed by major customers declined.」
Weak sales of coatings for new construction continued as the number of buildings constructed by major customers declined. - FY2026-H1New-build applications were broadly in line with the previous year, while renovation applications remained firmAnnual report
「Sales of paint for new-build housing were broadly in line with the previous year, although performance varied among major customers. Sales of renovation paint remained firm, particularly for multi-unit housing.」
Sales of paint for new-build housing improved from below the previous year to broadly in line with it, while renovation paint for multi-unit housing remained firm. - FY2025Weak new-build sales; renovation improvementAnnual report
「Sales of paint for new-build housing fell below the previous year as orders from major customers failed to recover. Sales of renovation paint remained firm, supported by increased market share following the launch of new products and sales of renovation paint for multi-unit housing.」
Paint for new-build housing remained sluggish as orders from major customers did not recover, while renovation paint improved due to increased market share following the launch of new products and other factors. - FY2025-H1Weak new-build sales; renovation recoveryAnnual report
「Demand for paint for new-build housing remained sluggish as orders from major customers continued to stagnate. Sales of renovation paint remained firm at some major customers due to increased market share in western Japan and an increase in properties being painted.」
While sluggish sales of paint for new-build housing due to stagnant orders from major customers continued, sales of renovation paint remained firm due to increased market share in western Japan and an increase in properties being painted. - FY2024RestatedAnnual report
「Sales of paint for new-build housing remained sluggish as orders from major customers continued to decline. Sales of renovation paint showed signs of recovery in the second half as customer orders began to recover and demand also started to return, but this was not enough to offset the poor performance of paint for new-build housing.」
While weak demand for new-build housing due to declining orders from major customers continued, renovation demand showed signs of recovery. - FY2024-Q3RestatedAnnual report
「In the coatings segment, which handles architectural coatings, orders from major customers continued to decline, and sales of both paint for new-build housing and renovation paint remained sluggish.」
Orders from major customers continued to decline, and sales of paint for new-build and renovation applications remained sluggish. - FY2024-Q2RestatedAnnual report
「Sales of paint for detached new-build housing were sluggish as the number of housing units started by major customers continued to decline.」
In the new-build housing market, sluggish sales due to a decline in the number of housing units started by major customers continued, reaffirming the risk on the housing demand side. - FY2024-Q1WorsenedAnnual report
「Sales of paint for detached new-build housing remained sluggish due to production adjustments resulting from a decline in the number of housing units started by major customers.」
In the new-build housing market, sales of paint for detached new-build housing have remained sluggish due to a decline in the number of housing units started by major customers and production adjustments. - FY2023WorsenedAnnual report
「Sales of paint for new-build housing remained sluggish due to order restrictions at some customers caused by the wood shock and other factors, as well as a decline in the number of newly contracted housing units.」
In addition to order restrictions due to the wood shock and other factors, the number of newly contracted housing units declined, and weak demand for paint for new-build housing continued throughout the fiscal year. - FY2023-Q3WorsenedAnnual report
「Sales of paint for new-build housing were somewhat sluggish year on year due to order restrictions at some customers caused by the wood shock and other factors, as well as a decline in the number of newly contracted housing units.」
In addition to order restrictions at some customers due to the wood shock and other factors, the number of newly contracted housing units also declined, and sales of paint for new-build housing remained sluggish. - FY2023-Q2WorsenedAnnual report
「Sales of paint for new-build housing declined slightly year on year due to the impact of order restrictions at some customers caused by the wood shock and other factors.」
Order restrictions at some customers due to the wood shock and other factors continued to be reflected in a slight year-on-year decline in sales of paint for new-build housing. - FY2022-Q3First statedAnnual report
「Due to surging lumber prices caused by the wood shock, sales of wood-based housing were sluggish, and sales of products for new-build housing remained weak compared with the initial budget.」
The Company has disclosed, as a new business environment factor, the risk that surging lumber prices due to the wood shock actually resulted in sluggish sales of wood-based housing and failure to meet the budget for products for new-build housing.