Sluggish New Housing Demand Due to a Declining Birthrate, Population Aging, and Population Decline
First written in FY2016-Q2. 6 of 24 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 12 of 17 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2024A recovery in the domestic business alongside failure to meet the planAnnual report
「The domestic business is gradually recovering, but is not progressing according to plan.」
Regarding the housing equipment market, the Company indicates that the domestic business is gradually recovering, while stating that progress has not been in line with the plan. - FY2023-Q1Recovery in the housing equipment market alongside cost pressuresAnnual report
「In the housing equipment-related industry, which is closely associated with the Group, the impact of the COVID-19 pandemic has been easing and revenue is recovering. However, the situation remains challenging, as raw material prices and selling prices have risen and selling, general and administrative expenses associated with organizational changes have increased from the same quarter of the previous year.」
The Company has updated its outlook to state that sales in the housing equipment industry are beginning to recover as the impact of the infection eases, while difficult conditions are expected to continue due to higher selling, general and administrative expenses resulting from surging raw material prices, price increases, and organizational changes. - FY2022-Q1Resilient renovation demand alongside supply constraintsAnnual report
「Although the remodeling business has remained relatively firm, partly because of demand for improvements to living environments arising from the COVID-19 pandemic, difficult conditions continue. In addition to soaring raw material prices, delivery delays for residential equipment have occurred because of delays in the supply of parts resulting from restrictions on economic activity in Southeast Asian countries and elsewhere due to the pandemic.」
It states that renovation demand is relatively firm, while raw-material price increases, delays in parts supplies and delivery delays have occurred. - FY2021-Q3Stay-at-home demand has eased, while supply chain issues continueAnnual report
「In the housing-equipment-related industry, which is closely related to our group, stay-at-home demand driven by the impact of COVID-19 that had been seen since the previous fiscal year has eased, while global supply-chain problems and other issues continue. As a result, the business environment remains uncertain.」
The view has shifted from the previous support for renovation demand provided by stay-at-home demand to the view that stay-at-home demand has subsided. The global supply-chain problems are also continuing, and the company describes the housing-equipment-related industry as remaining uncertain. - FY2021-Q2Housing investment and supply constraints coexistAnnual report
「In the housing equipment-related industry, which is closely connected to the Group, there are positive factors such as increased investment in housing due to the impact of COVID-19 and the launch of the Green Housing Points system. However, negative factors have also emerged, including global logistics problems, soaring prices for materials such as steel sheets and lumber, and semiconductor supply shortages, resulting in an uncertain outlook.」
The outlook for the housing equipment market has been updated, citing increased investment in housing and the Green Housing Points Program as positive factors, while identifying supply constraints affecting logistics, materials and semiconductors as negative factors. - FY2021-Q1RestatedAnnual report
「In the housing equipment-related industry closely connected with the Group, new construction remains challenging, but renovation work has been relatively firm due to stay-at-home demand resulting from the COVID-19 pandemic. As a result, the industry as a whole has not experienced a significant downturn.」
While new construction remains challenging, renovation work has been relatively firm on the back of stay-at-home demand, and the view remains that the housing equipment-related industry as a whole has not suffered a significant downturn. - FY2020Partial increase in remodeling demand driven by stay-at-home demandAnnual report
「The housing equipment industry, which is closely related to our group, remains in a difficult situation due to the continuing impact of COVID-19. However, the expansion of so-called stay-at-home demand has led to an increase in renovation demand in some areas, so the economy has not deteriorated sharply.」
While the severe market environment caused by COVID-19 continues, the company indicates that demand for remodeling has increased in some areas due to stay-at-home demand. - FY2020-Q3RestatedAnnual report
「The housing equipment industry, which is closely related to the group's business, remains in a difficult position because demand for housing construction and renovation continues to decline as a result of the effects of COVID-19.」
The decline in demand for home construction and remodeling caused by the COVID-19 pandemic, as well as the challenging market environment, continues to be cited. - FY2020-Q2MaterialisedAnnual report
「In the housing equipment industry, which is closely related to our group, shortages in the supply of products to the market that had occurred temporarily have been easing as production resumed in China and other Asian countries. However, the industry remains in a difficult situation because housing construction and renovation demand have declined due to the impact of COVID-19.」
In addition to the existing concern that housing starts would remain flat or weaken, the Company states that housing construction and renovation demand has actually declined due to the impact of COVID-19. - FY2019SoftenedAnnual report
「The housing-related industry, which is closely associated with the Group, has seen new housing starts remain generally flat, but temporary demand expansion is expected ahead of the 2020 Tokyo Olympics and the 2025 Osaka Expo.」
The outlook has changed from the previous description that housing construction was weakening both currently and going forward to an expectation that new housing starts will remain broadly flat, with temporary demand growth driven by the Olympics and Expo also anticipated. - FY2019-Q3WorsenedAnnual report
「In the housing-related industry, which is closely related to the Group, housing construction has shown signs of weakness and is expected to remain weak going forward. The key issue is how much demand can be increased through factors such as the Tokyo Olympics, Expo 2025 Osaka, Kansai, and the increase in foreign visitors to Japan.」
The outlook has changed from the previous description of housing construction as flat to one of weakness both currently and going forward, heightening concerns about housing demand. - FY2019-Q2No rush demand materializedAnnual report
「Housing construction remains flat, and front-loaded demand before the consumption tax increase has not been particularly pronounced to date. The key issue is how much demand can be increased through factors such as the Tokyo Olympics, the Osaka-Kansai Expo, and growth in inbound visitors.」
The company states that housing construction remains flat and that the rush demand ahead of the consumption tax increase expected previously has not been particularly evident so far. It identifies the Olympics, the Expo and the increase in visitors to Japan as factors that could expand demand. - FY2019-Q1Update to housing demand factorsAnnual report
「The company expects rush demand ahead of the consumption tax increase in October this year and identifies as a challenge how to manage the anticipated subsequent decline in demand. It also expects the key issue, particularly in the Kansai region, to be how much demand can be expanded ahead of the Osaka Expo.」
Regarding housing demand, the company identifies front-loaded demand before the consumption tax increase and the subsequent decline, as well as demand growth toward the Osaka Expo in the Kansai region, as new outlook items and challenges. - FY2018Update to the outlook for housing demandAnnual report
「In the housing-related industry closely connected to our Group, new housing starts have remained broadly flat, although temporary demand expansion is expected ahead of events such as the 2020 Tokyo Olympics and the 2025 Osaka Expo.」
While maintaining its view that new housing starts will remain generally flat, the Company newly specifies a temporary expansion in demand resulting from the Tokyo Olympics and the Osaka Expo. - FY2018-Q3RestatedAnnual report
「The housing-related industry, which is closely connected to the Group, remains in a situation where new housing starts are flat and there are no major developments in the renovation market likely to drive market expansion.」
The Company continues to view housing demand on the basis that the number of new housing starts is flat. - FY2018-Q2RestatedAnnual report
「The housing-related industry, which is closely associated with the Group, has seen the number of new housing starts remain flat, while regional disparities have continued to widen. New housing demand and the renovation market in major metropolitan areas are also becoming significant growth drivers.」
It continues to report flat new housing starts and regional disparities, while identifying demand for new housing and the renovation market in major metropolitan areas as growth drivers. - FY2018-Q1Housing starts broadly flat, with regional disparities explicitly identifiedAnnual report
「The housing-related industry, which is closely connected to the Group, is seeing the number of new housing starts remain flat, while regional disparities are widening. Demand for new homes in major metropolitan areas and the remodeling market are also becoming major growth drivers.」
The description has changed from weak housing starts for owner-occupied and rental homes in the previous period to the current situation, in which new housing starts are flat and regional disparities are widening. At the same time, demand for new homes in major metropolitan areas and the remodeling market are cited as growth drivers. - FY2017WorsenedAnnual report
「In the housing-related industry, which is closely connected to the group's business, housing construction has recently shown weakness in both owner-occupied and rental housing starts, and is expected to remain weak for the time being.」
Whereas the previous quarter's report stated that housing starts for for-sale homes were firm, the current report has changed to state that starts for both owner-occupied and rental housing are weakening and that the outlook is also weak. - FY2017-Q3SoftenedAnnual report
「In the housing-related industry closely connected to our Group, housing construction has recently remained broadly flat, although starts of subdivided housing have been firm. The outlook is also expected to remain broadly flat for the time being.」
Housing starts for for-sale homes are considered to be firm, and the outlook has changed from the previous quarter’s description of generally sluggish growth in owner-occupied, for-sale and rental housing to one of broadly flat overall housing construction. - FY2017-Q2SoftenedAnnual report
「In the housing-related industry, which is closely related to the Group, housing construction has recently remained generally flat, although housing starts for owner-occupied homes have shown resilience. The outlook is also expected to remain generally flat for the time being.」
The outlook has changed from the previous quarter's statement that housing starts for owner-occupied homes, subdivision homes, and rental housing were struggling to grow. Owner-occupied housing remains firm, while housing construction overall is expected to remain broadly flat for the time being. - FY2017-Q1Explicit reference to sluggish housing startsAnnual report
「In the housing-related industry, housing construction activity has recently weakened, with housing starts for owner-occupied and for-sale homes, as well as rental housing starts, remaining sluggish.」
Regarding sluggish growth in demand for new housing, the wording has changed from describing structural factors such as the declining birthrate, aging population and population decline to explicitly describing the current weakness in starts of owner-occupied, for-sale and rental housing. - FY2016RestatedAnnual report
「Going forward, demand in the new housing market is expected to remain sluggish because of the declining birthrate, aging population and population decline. The remodeling market, however, is expected to remain firm, including through increased remodeling work when purchasing existing homes, supported by government policies to promote the distribution of existing homes and other measures.」
The company continues to anticipate sluggish demand for new housing due to the declining birthrate, aging population and population decline. - FY2016-Q3RestatedAnnual report
「Going forward, demand in the new housing market is expected to remain sluggish because of the declining birthrate, aging population and population decline. The remodeling market, however, is expected to remain firm, including through increased remodeling work when purchasing existing homes, supported by government policies to promote the distribution of existing homes and other measures.」
The company continues to anticipate sluggish demand for new housing due to the declining birthrate, aging population and population decline. - FY2016-Q2First statedAnnual report
「Going forward, demand in the new housing market is expected to remain sluggish due to the declining birthrate, population aging, and population decline. The remodeling market is also expected to remain flat in scale unless structural reforms are implemented, leaving uncertainty about the outlook.」
The company indicates that demand for new housing may remain sluggish against a backdrop of demographic trends.