Rising mortgage rates, construction material costs, logistics costs and labor costs
First written in FY2023-Q1. 9 of 14 entries say "Restated". Latest entry: 2026-10-15.
The whole theme swung hardest in 2026: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Meanwhile, trends in the housing industry relevant to the performance of custom-built homes, another core business, continue to have a significant impact on the industry’s earnings structure, together with higher mortgage rates, rising construction-material and logistics costs, and rising labor costs due to labor shortages.」
The view remains that mortgage rates, construction-material and logistics costs, and rising labor costs due to labor shortages are affecting the earnings structure of custom-built homes. - FY2025WorsenedAnnual report
「Meanwhile, the housing industry relevant to the performance of custom-built homes remains in a difficult situation, with new housing starts continuing to fall below the prior-year level, and continues to be significantly affected by concerns about higher mortgage rates, rising construction-material and logistics costs, rising labor costs due to labor shortages, and delays in construction schedules.」
The difficult environment is described as including the previously noted increases in interest rates, materials, logistics costs and labor costs, as well as new housing starts falling below the prior-year level and construction delays. - FY2024-Q2RestatedAnnual report
「Meanwhile, trends in the housing industry relevant to the performance of custom-built homes continue to have a significant impact on the industry’s earnings structure, together with ongoing concerns about higher mortgage rates, rising construction-material and logistics costs, and rising labor costs due to labor shortages.」
The view remains that concerns about higher mortgage rates, rising construction-material and logistics costs, and rising labor costs due to labor shortages are affecting the earnings structure of custom-built homes. - FY2024-Q1RestatedAnnual report
「Meanwhile, trends in the housing industry relevant to the performance of custom-built homes continue to have a significant impact on the industry’s earnings structure, together with ongoing concerns about higher mortgage rates, rising construction-material and logistics costs, and rising labor costs due to labor shortages.」
The view remains that concerns about higher mortgage rates, rising construction-material and logistics costs, and rising labor costs due to labor shortages are affecting the earnings structure of custom-built homes. - FY2023RestatedAnnual report
「Meanwhile, trends in the housing industry relevant to the performance of custom-built homes, including concerns about higher mortgage rates following the Bank of Japan’s widening of the allowable range for long-term interest-rate fluctuations, soaring construction-material prices, and rising labor costs due to labor shortages, continue to have a significant impact on the industry’s earnings structure.」
The view remains that higher mortgage rates, construction-material prices and labor costs are affecting the earnings structure of custom-built homes. - FY2023-Q3RestatedAnnual report
「Meanwhile, trends in the housing industry relevant to the performance of custom-built homes, including the impact on mortgage rates of the Bank of Japan’s widening of the allowable range for long-term interest-rate fluctuations, and rising lumber prices due to the wood shock, continue to have a significant impact on the industry’s earnings structure, together with ongoing increases in construction and logistics costs and rising labor costs due to labor shortages.」
The view remains that, while the rise in lumber prices is easing, mortgage rates, construction and logistics costs, and rising labor costs are affecting the earnings structure. - FY2023-Q2MitigatedAnnual report
「Meanwhile, trends in the housing industry relevant to the performance of custom-built homes, including the impact on mortgage rates of the Bank of Japan’s widening of the allowable range for long-term interest-rate fluctuations, and rising lumber prices due to the wood shock, continue to have a significant impact on the industry’s earnings structure, together with ongoing increases in construction and logistics costs and rising labor costs due to labor shortages.」
While the rise in lumber prices due to the wood shock was said to be easing, construction and logistics costs and labor costs continue to rise. - FY2023-Q1First statedAnnual report
「The impact on the industry's earnings structure has been significant, owing to factors including the effect of the Bank of Japan's widening of the permitted range for long-term interest-rate fluctuations on mortgage rates, higher construction-materials and logistics costs, and rising labor costs due to labor shortages.」
The factors identified as affecting the earnings structure of custom-built homes are interest rates, construction materials and logistics costs, and rising labor costs due to labor shortages.