Housing Demand Recovery Driven by Housing Starts and Mortgage Rates
First written in FY2017-Q2. 13 of 26 entries say "Restated". Latest entry: 2026-05-12.
Corona moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 6 of 16 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- 2026-05-12WorsenedEarnings
「In the housing-related equipment industry, conditions remained weak, with the number of new housing starts falling below the previous year.」
Weakness in new housing starts continued to be recognized as a full-year business-environment factor. - FY2026-H1WorsenedAnnual report
「In the housing-related equipment industry, new housing starts remained weak, partly due to the backlash from rush demand ahead of amendments to the Building Energy Efficiency Act and the Building Standards Act.」
Regarding new housing starts, the assessment changed from being broadly in line with the previous year, against the backdrop of government support programs and other factors, to being weak due in part to the backlash from rush demand ahead of the legal amendments. - FY2025-H1From a weakening trend to around the previous year's levelAnnual report
「In the residential equipment industry, new housing starts remained at around the previous year's level, supported in part by government housing assistance programs and other measures.」
For new housing starts, recognition changed from "below the previous year" and "weakening" in the previous filing to "around the previous year's level," supported by government assistance programs. - FY2024-Q3RestatedAnnual report
「In the residential equipment industry, new housing starts remained on a weakening trend, falling below the previous year.」
It continues to recognize that the residential equipment market is on a weakening trend, with new housing starts falling below the previous year. - FY2024-Q2RestatedAnnual report
「In the residential equipment industry, new housing starts remained on a weakening trend, falling below the previous year.」
It continues to recognize that the residential equipment market is on a weakening trend, with new housing starts falling below the previous year. - FY2024-Q1WorsenedAnnual report
「In the residential equipment industry, the market remained on a weakening trend, with new housing starts falling below the previous year.」
With new housing starts falling below the previous year, the residential equipment market changed from the previous view of a partial recovery and a level around the previous year to a weakening trend. - FY2023-Q2New housing starts remained at around the previous year's levelAnnual report
「In the residential equipment industry, new housing starts remained at around the previous year's level, while the effects of soaring raw material prices and shortages of electronic components and other items continued.」
For new housing starts, it indicates a shift in recognition from the previous view of a partial recovery to a view that they are remaining at around the previous year's level. - FY2022-Q3RestatedAnnual report
「In the residential equipment industry, some recovery in the housing market was observed, but the outlook is becoming increasingly uncertain as the effects of soaring raw material prices and the global shortage of electronic components emerge.」
While acknowledging some recovery in the housing market, it continues to recognize that the outlook is uncertain due to soaring raw material prices and shortages of electronic components. - FY2022-Q2RestatedAnnual report
「In the residential equipment industry, some recovery in the housing market was observed. However, the outlook is becoming increasingly uncertain due to the potential impact of COVID-19, soaring raw material prices and the global shortage of electronic components.」
While some recovery in the housing market has been observed, it continues to recognize that the outlook is uncertain due to the pandemic, soaring raw material prices and shortages of electronic components. - FY2022-Q1Partial recovery in the housing marketAnnual report
「In the residential equipment industry, some recovery in the housing market has been observed, but the outlook requires close monitoring given the potential impact of the spread of COVID-19, soaring raw material prices, the global shortage of electronic components and the effects of the lumber shock.」
It indicates that, in addition to the previous decline and uncertainty, some recovery in the housing market has also been observed. - FY2021WorsenedAnnual report
「Over the medium to long term, the number of new housing starts is expected to decline due to a decrease in the number of households and the extended lifespan of housing. In addition, the impact of COVID-19 may persist over an extended period, leaving the environment surrounding the housing market uncertain.」
For new housing starts, it indicates expectations of a medium- to long-term decline in addition to a short-term decline, as well as the possibility that the pandemic's effects will persist. - FY2021-Q3RestatedAnnual report
「In the residential equipment industry, delays occurred in the supply of some residential equipment, while the number of new housing starts and new orders declined, reflecting the impact of the spread of COVID-19.」
It continues to describe declines in new housing starts and new orders and delays in the supply of residential equipment as a deterioration in housing demand and supply conditions. - FY2021-Q2RestatedAnnual report
「In the residential equipment industry, the number of new housing starts and new orders declined, while delays occurred in the supply of some residential equipment, reflecting the impact of the spread of COVID-19.」
It continues to describe declines in new housing starts and new orders and delays in the supply of residential equipment as a deterioration in housing demand and supply conditions. - FY2021-Q1WorsenedAnnual report
「In the residential equipment industry, the number of new housing starts and new orders declined, while delays occurred in the supply of some residential equipment, reflecting the impact of the spread of COVID-19.」
For new housing starts, it describes a decline from the previous fiscal year, including a decrease in new orders associated with the spread of COVID-19. - FY2020-Q3RestatedAnnual report
「In the residential equipment industry, the number of new housing starts remained below the previous fiscal year, despite support from government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
While measures to assist home purchases and lower mortgage rates provided support, it continues to recognize that new housing starts remained below the previous fiscal year. - FY2020-Q1Below the previous fiscal yearAnnual report
「In the residential equipment industry, the number of new housing starts remained below the previous fiscal year, despite support from government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
While measures to assist home purchases and lower mortgage rates provided support, new housing starts were described as below the previous fiscal year, replacing the previous descriptions of recovery, a flat trend and a weakening trend. - FY2019From recovery to an expected medium- to long-term declineAnnual report
「In the residential equipment industry, while government measures to assist home purchases are expected to provide support, the number of new housing starts is expected to decline over the medium to long term due to a decrease in the number of households and the extended lifespan of housing.」
While indicating expectations for measures to assist home purchases and other support, it has changed its recognition to expect new housing starts to decline over the medium to long term against a backdrop of fewer households and longer housing lifespans. - FY2019-Q3RestatedAnnual report
「In the residential equipment industry, the number of new housing starts remained flat, despite support from government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
Support from measures to assist home purchases and lower mortgage rates has continued, but it continues to recognize that new housing starts are flat. - FY2019-Q2From recovery to a weakening trendAnnual report
「In the residential equipment industry, the number of new housing starts remained on a weakening trend, despite support from government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
While government measures to assist home purchases and lower mortgage rates continued to provide support, recognition of new housing starts changed from the previous "flat" trend to a "weakening" trend. - FY2018RestatedAnnual report
「In the residential equipment industry, the number of new housing starts remained flat, despite support from government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
Support from measures to assist home purchases and lower mortgage rates has continued, and it has reconfirmed that new housing starts are flat. - FY2018-Q3RestatedAnnual report
「In the residential equipment industry, the number of new housing starts remained flat, despite support from government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
Support from measures to assist home purchases and lower mortgage rates has continued, but it continues to recognize that new housing starts are flat. - FY2018-Q2From recovery to broadly flatAnnual report
「In the residential equipment industry, the number of new housing starts remained flat, despite support from government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
Support from measures to assist home purchases and lower mortgage rates has continued, but recognition of new housing starts has changed from a recovery to a flat trend. - FY2018-Q1RestatedAnnual report
「In the residential equipment industry, the number of new housing starts continued to show signs of recovery, supported by government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
It has reconfirmed its recognition of a recovery in housing demand, supported by government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's policy. - FY2017RestatedAnnual report
「In the residential equipment industry, the number of new housing starts continued to show signs of recovery, supported by government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
It has reconfirmed its recognition of a recovery in housing demand, supported by government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's policy. - FY2017-Q3RestatedAnnual report
「In the residential equipment industry, the number of new housing starts continued to show signs of recovery, supported by government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
It continues to recognize that the number of new housing starts is recovering, supported by measures to assist home purchases and lower mortgage rates. - FY2017-Q2First statedAnnual report
「In the residential equipment industry, the number of new housing starts continued to show signs of recovery, supported by government measures to assist home purchases and lower mortgage rates resulting from the Bank of Japan's negative interest rate policy.」
It describes the business environment in which the number of new housing starts is recovering, supported by measures to assist home purchases and lower mortgage rates.