Stagnation in the Renovation Market Without Structural Reform
First written in FY2016-Q2. 3 of 10 entries say "Mitigated", first in FY2016-Q3. Latest entry: FY2018.
0 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual reportThis securities report does not explicitly identify the risk that the remodeling market would remain flat without structural reforms.
- FY2018-Q3WorsenedAnnual report
「The renovation market likewise has no major developments likely to drive market expansion.」
The view has changed from identifying the renovation market in major metropolitan areas as a growth engine in the previous quarter to considering that there are no major factors likely to drive market expansion. - FY2018-Q2RestatedAnnual report
「In addition, demand for new homes in metropolitan areas and the remodeling market are major growth engines.」
As in the previous quarter, the renovation market, particularly in major metropolitan areas, is positioned as a growth engine. - FY2018-Q1MitigatedAnnual report
「In addition, demand for new homes in metropolitan areas and the remodeling market are major growth engines.」
Whereas the previous disclosure stated that the conventional renovation market would remain flat or grow only marginally, this time the renovation market in major metropolitan areas is positioned as a major growth engine. - FY2017RestatedAnnual report
「Although the renovation market has the potential to expand as the number of older homes requiring renovation increases and the government establishes targets and advances various measures to expand the existing-home distribution and renovation markets, the market has so far remained flat or grown only slightly, so future trends must be monitored.」
While acknowledging the potential for market expansion, the Company continues to expect the current market size to remain flat or grow only marginally. - FY2017-Q3RestatedAnnual report
「Although the renovation market has the potential to expand as the number of older homes requiring renovation increases and the government establishes targets and advances various measures to expand the existing-home distribution and renovation markets, the market has so far remained flat or grown only slightly, so future trends must be monitored.」
While recognizing the potential for market expansion driven by government policies and the growing number of aging homes, the company continues to expect the market to remain flat or show only slight growth in the near term. - FY2017-Q1WorsenedAnnual report
「In the renovation market, the government has set the expansion of the existing-home distribution market and renovation market as policy goals and is implementing various measures. However, the market is currently flat or growing only slightly, so future trends need to be monitored.」
Compared with the previous description, which anticipated steady growth in the renovation market driven by government policy, the current description states that the market is expected to remain flat or grow only slightly. - FY2016MitigatedAnnual report
「The renovation market is expected to remain firm, supported by government policies to promote the distribution of existing homes and an increase in renovation work when existing homes are purchased.」
The company continues to state that it expects the renovation market to remain firm, supported by an increase in renovation work when purchasing existing homes as a result of government policy. - FY2016-Q3MitigatedAnnual report
「Meanwhile, the renovation market is expected to remain firm, supported by an increase in renovation work when purchasing existing homes as a result of government policies to promote the distribution of existing homes and other measures.」
The disclosure has changed from an outlook of flat performance absent the structural reforms presented previously to an expectation of solid performance through an increase in renovations when purchasing used homes as a result of government policy. - FY2016-Q2First statedAnnual report
「The company forecasts that the remodeling market will remain flat unless structural reforms are implemented, indicating that uncertainty remains regarding the outlook.」
The company identifies as a risk the possibility that the remodeling market could remain flat without structural reform.