Social Structural Changes, Contraction of the New Housing Market and Intensifying Competition
First written in FY2016. 18 of 39 entries say "Worsened", first in FY2018. Latest entry: 2026-10-29.
Almetax Manufacturing Co moved to the "Worse" side of this theme in 2018.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In Japan's housing materials market, new housing starts remained sluggish against a backdrop of the declining birthrate and aging population and higher construction costs and mortgage rates. Although renovation demand aimed at making effective use of existing housing and improving living environments showed signs of firmness, consumers continued to take a cautious stance toward purchasing homes, and the market environment remained difficult.」
Against a backdrop of the declining birthrate and aging population and higher construction costs and mortgage rates, new housing starts remained sluggish, while consumers continued to take a cautious stance toward purchasing homes. - 2026-05-15WorsenedEarnings
「国内の住宅建材市場におきましては、少子高齢化や建設コスト・住宅ローン金利の上昇を背景に、新設住宅着工戸数は低調に推移いたしました。」
新設住宅市場の低調さについて、少子高齢化、建設コスト、住宅ローン金利の上昇を背景要因として継続記載している。 - FY2026-H1WorsenedAnnual report
「In Japan's housing materials market, new housing starts have remained weak because of the reaction following front-loaded demand ahead of amendments to the Building Energy Conservation Act and other legislation, as well as higher construction costs.」
The reaction following front-loaded demand ahead of legislative amendments and higher construction costs have weakened new housing starts, making the factors behind the deterioration in the market environment more specific. - FY2025WorsenedAnnual report
「In Japan's housing materials market, new housing starts were on a downward trend, although starts of owner-occupied and rental housing also showed signs of firmness. At the same time, housing demand continued to be constrained by the deterioration in consumer sentiment caused by higher housing prices and interest rates.」
In addition to the downward trend in new housing starts, the disclosure describes weaker consumer sentiment caused by higher housing prices and interest rates and the resulting constraints on housing demand. - FY2025-H1WorsenedAnnual report
「As housing starts, particularly detached homes, struggled to grow, orders for the Company's core products, building materials for new homes and building materials for home renovations, declined more than expected, resulting in orders below those of the same period of the previous year.」
The sluggish growth in new housing starts, primarily for detached houses, has materialized in a decline in orders for core products and results below the year-earlier period. - FY2024WorsenedAnnual report
「In Japan's housing materials market, housing prices remained elevated because of soaring material costs, while rising prices weakened consumer sentiment, resulting in new housing starts falling below the previous year.」
Elevated housing prices due to soaring material costs and weaker consumer sentiment due to rising prices have materialized in new housing starts falling below the previous year. - FY2024-Q3WorsenedAnnual report
「In Japan's housing market, higher construction costs have weighed on demand, particularly for detached houses, and difficult operating conditions have continued.」
The disclosure states that higher construction costs have weighed on demand for detached houses and that difficult conditions in the housing market have continued. - FY2024-Q2WorsenedAnnual report
「In Japan's housing market, new housing starts for detached houses were on a downward trend, and difficult operating conditions continued.」
The disclosure states that new housing starts for detached houses in Japan's housing market were on a downward trend and difficult operating conditions continued. The deterioration in the business environment is described more specifically than in the assessment through the previous quarter. - FY2024-Q1RestatedAnnual report
「During the first quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no new occurrences or material changes involving the principal risks, including changes in social structure, the contraction of the new housing market and intensifying competition. - FY2023RestatedAnnual report
「The environment surrounding the housing-materials industry is entering a period of major change, with competition intensifying amid changes in the social structure and contraction of the new-build housing market.」
The disclosure continues to identify changes in social structure, the contraction of the new housing market and intensifying competition as business environment risks. - FY2023-Q3RestatedAnnual report
「During the third quarter cumulative period, there were no material changes in the occurrence of major risks among those relating to the business and accounting conditions described in this quarterly report that management recognizes could materially affect the company's financial position, results of operations, or cash flows, or in the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no new occurrences or material changes involving the principal risks. - FY2023-Q2The market showed signs of recovery but did not achieve a full-fledged recoveryAnnual report
「During the cumulative second quarter period, Japan's housing market saw signs of a recovery in new housing starts as the effects of the spread of COVID-19 continued, but did not achieve a full-fledged market recovery.」
The disclosure states that, although new housing starts showed signs of a recovery, the effects of COVID-19 continued and the market remained without a full-fledged recovery. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, sales of the Company's core products, building materials for new homes and for renovations, exceeded those of the same period of the previous year as housing starts remained firm, but did not increase substantially, and the difficult operating environment continues.」
The disclosure continues to state that, although new housing starts remained firm, sales of core products did not achieve a substantial increase and difficult operating conditions continued. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, sales of the Company's core products, building materials for new homes and building materials for home renovations, exceeded those of the same period of the previous year but struggled to grow, despite housing starts remaining firm, partly due to the continuing impact of COVID-19, and the difficult operating environment continues.」
The disclosure states that new housing starts remained firm, but sales of core products struggled to grow, partly because of the effects of COVID-19, and difficult operating conditions continued. - FY2022-Q2The market showed signs of recovery but did not achieve a full-fledged recoveryAnnual report
「During the cumulative second quarter period, Japan's housing market saw signs of a recovery in new housing starts as the effects of the spread of COVID-19 continued, but did not achieve a full-fledged market recovery.」
The disclosure has changed to state that, although new housing starts showed signs of a recovery, the effects of COVID-19 continued and the market did not achieve a full-fledged recovery. - FY2022-Q1RestatedAnnual report
「Although sales of the Company's core products, building materials for new homes and building materials for home renovations, exceeded those of the same period of the previous year, they did not grow, amid a continuing difficult operating environment as housing starts declined due to the declining birthrate and aging population, compounded by the ongoing impact of COVID-19.」
The disclosure reconfirms that the sales environment for core products remains difficult, as the decline in new housing starts due to the declining birthrate and aging population and the effects of COVID-19 continue. - FY2021WorsenedAnnual report
「Japan's housing materials market was also severely affected by COVID-19, with new housing starts falling sharply and extremely difficult conditions continuing. Signs of a recovery began to emerge from August onward as economic activity resumed, but uncertainty over the outlook continued.」
The full-year disclosure states that COVID-19 caused a sharp decline in new housing starts and that extremely difficult conditions continued in the housing materials market. - FY2021-Q3RestatedAnnual report
「Japan's housing materials market was also severely affected by COVID-19, with new housing starts falling sharply and extremely difficult conditions continuing. Signs of a recovery began to emerge from August onward as economic activity resumed, but infections were trending upward toward winter and uncertainty over the outlook continued.」
While the sharp decline in new housing starts and difficult market conditions continued, signs of a recovery emerged from August onward, although uncertainty over the outlook persisted. - FY2021-Q2WorsenedAnnual report
「Japan's housing materials market was also severely affected by COVID-19, with new housing starts falling sharply and extremely difficult conditions continuing. Signs of a recovery began to emerge from August onward as economic activity resumed, but uncertainty over the outlook continued.」
The disclosure states that COVID-19 caused a sharp decline in new housing starts, creating an extremely difficult market environment. Although signs of a recovery emerged from August onward, uncertainty over the outlook continued. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, sales were weak for the Company's core products, building materials for new detached homes and building materials for home renovations, as they were significantly affected by the spread of COVID-19 amid major changes in the surrounding business environment, resulting in sales well below the same period of the previous year.」
The disclosure states that, in addition to the existing risks of weakness in the new housing and renovation markets, the spread of COVID-19 had a significant impact on the sales environment for core products, which fell well below the year-earlier period. - FY2020WorsenedAnnual report
「In Japan's housing materials market, mortgage rates remained low, but neither new housing starts nor renovation demand showed signs of buoyancy, and the market continued on a downward trend.」
The disclosure states that, following the market downturn through the previous year, neither new housing starts nor renovation demand showed signs of buoyancy and the downward trend continued. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risks relating to the business or other matters. The decline in orders following the consumption tax increase is presented separately as part of the existing market and order environment. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan's housing materials market did not achieve a full-fledged recovery, as the investment climate remained weak and new housing starts continued to weaken despite mortgage rates remaining low.」
The disclosure states that the investment climate remained weak, new housing starts also weakened, and the market environment continued without a full-fledged recovery. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risks relating to the business or other matters, with no new developments indicated in risks such as changes in social structure and the contraction of the new housing market. - FY2019WorsenedAnnual report
「Meanwhile, during the period, Japan's housing materials market remained supported by low mortgage rates and government policies supporting home purchases, but neither new housing starts nor renovation demand showed signs of buoyancy, and the market continued on a gradual downward trend.」
The full-year disclosure states that neither new housing starts nor renovation demand showed signs of buoyancy and that the market as a whole was on a gradual downward trend. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes in the risks relating to the business or other matters. It separately notes that orders for some core products recovered, while overall conditions remained sluggish. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan's housing materials market saw new housing starts weaken, while the renovation market also showed no signs of buoyancy, despite low mortgage rates and government policies promoting home purchases, and did not achieve a full-fledged market recovery.」
Following the gradual decline described for the previous year and concerns about a decline in the previous quarter, the market environment is described as weaker, with new housing starts weakening and the renovation market remaining sluggish, preventing a full-fledged recovery. - FY2019-Q1RestatedAnnual report
「We will offset the impact of the decline in housing starts.」
The company continues to identify the decline in housing starts as an external business condition and indicates a policy of offsetting its impact through measures such as product development. - FY2018WorsenedAnnual report
「Meanwhile, during the period, Japan's housing materials market saw weak new housing starts and continued on a gradual downward trend despite low mortgage rates and government policies promoting home purchases.」
Compared with the previous year's description of a "firm situation" and no full-fledged recovery, this disclosure describes weaker market conditions, with new housing starts sluggish and on a gradual downward trend. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes in business and other risks. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan's housing materials market remained firm, supported by low mortgage rates and government policies promoting home purchases, but did not achieve a full-fledged recovery because of uncertainty over the economic outlook.」
The disclosure continues to state that the housing materials market remained firm but did not achieve a full-fledged recovery because of uncertainty over the economic outlook. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes in business and other risks. - FY2017RestatedAnnual report
「During the period, the domestic housing-materials market remained firm as housing starts recovered gradually, driven by lower mortgage rates following the Bank of Japan's negative-interest-rate policy and government measures to promote home purchases. However, the market did not achieve a full-scale recovery because of uncertainty over the economic outlook.」
Housing starts recovered gradually and the market remained firm, but a full recovery was not achieved. The Company continues to cite the weak recovery in the housing market and uncertainty over the outlook. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes in business and other risks. - FY2017-Q2Some improvement, but no full recoveryAnnual report
「During the cumulative second quarter period, the domestic housing-materials market remained firm as housing starts recovered gradually, driven by lower mortgage rates following the Bank of Japan's low-interest-rate policy and government measures to promote home purchases. However, the market did not achieve a full-scale recovery because of uncertainty over the economic outlook.」
Housing starts recovered gradually and the market remained firm, but the Company states that a full-scale recovery was not achieved because of uncertainty over the economic outlook. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there have been no significant changes in business and other risks, with no substantive changes indicated in existing risks such as social-structure changes and contraction of the new-build housing market. - FY2016First statedAnnual report
「The environment surrounding the housing-materials industry is entering a period of major change, with competition intensifying amid changes in the social structure and contraction of the new-build housing market.」
The Company identifies market maturation, contraction of the new-build housing market and the resulting intensification of competition as business-environment challenges.