Declining rental demand due to population decline, online classes and other factors
First written in FY2023. 3 of 4 entries say "Restated". Latest entry: 2026-05-14.
2 other companies' latest entry also says "Restated".
- 2026-05-14RestatedFinancial results briefing materials
「In the existing areas of Kyoto and Shiga, demand from our main customer groups, single-person households and families, is generally flat, while competition is intensifying」
The company reiterates its view that demand from its main customer groups in the existing areas is generally flat. - FY2025RestatedAnnual report
「Meanwhile, Kyoto Prefecture's population has been gradually declining, and demand from single-person households and families, the Group's main customers, is expected to decrease.」
The Company continues to identify the decline in Kyoto Prefecture's population and the resulting decrease in demand from single-person households and families as risks. - FY2024RestatedAnnual report
「Meanwhile, Kyoto Prefecture's population has been gradually declining, and demand from single-person households and families, the Group's main customers, is expected to decrease.」
The decline in Kyoto Prefecture's population and the resulting decrease in demand from single-person households and families continue to be identified as business-environment risks. - FY2023First statedAnnual report
「In addition to the declining birthrate and aging population, if online classes at universities and other institutions become established, students may no longer need to live alone in rented accommodation, while demand for housing associated with employee transfers may stagnate and companies may relocate to regional areas. As a result, overall demand may decline.」
The Company identifies the risk of declining demand for rental housing due to the declining birthrate and aging population, online classes, stagnating demand related to employee transfers and relocations to regional areas.