Expected Future Contraction of the New-Build Market
First written in FY2016. 13 of 26 entries say "Restated". Latest entry: FY2026.
Eri Holdings moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the construction and housing markets, new housing starts for owner-occupied, rental and for-sale housing all remained weak during the consolidated fiscal year owing to the impact of soaring construction costs and other factors, declining year on year. In the non-residential construction market, total floor area of construction starts also declined overall.」
New housing starts for owner-occupied, rental and for-sale housing all remained weak and declined year on year, while total floor area of construction starts also declined overall in the non-residential market. - FY2026-H1WorsenedAnnual report
「In the construction and housing markets, the decline following the rush demand ahead of the April 2025 enforcement of the revised Building Energy Conservation Act and other legislation is drawing to a close, but overall market momentum remains somewhat weak. New housing starts turned to a slight upward trend in the latter half of the first six months of the consolidated fiscal year, but declined overall.」
Following the increase in construction starts driven by rush demand ahead of the enforcement of revised legislation in the previous fiscal year, new housing starts declined overall in the first six months of the current fiscal year against the backdrop of a subsequent correction. A slight upward trend was also reported in the latter half. - FY2025MitigatedAnnual report
「In the housing market, total new housing starts increased owing to rush demand ahead of the enforcement of the revised Building Standards Act and other legislation.」
Although the company had reported declines in new housing starts through the previous report, it now states that starts increased during the fiscal year owing to rush demand ahead of the enforcement of the revised Building Standards Act and other legislation. Separately from its recognition of the long-term contraction of the new-build market, current market conditions temporarily improved. - FY2025-H1RestatedAnnual report
「In the housing market, total new housing starts declined, primarily owing to a downturn in construction starts for owner-occupied and for-sale housing.」
The company reaffirms its recognition that the decline in new housing starts has continued against the backdrop of a downturn in starts of owner-occupied and for-sale housing. - FY2024-Q2RestatedAnnual report
「In the housing market, total new housing starts declined, primarily because construction starts for owner-occupied and for-sale housing fell short of expectations.」
The company indicates that the decline in new housing starts has continued and reaffirms its previous risk awareness regarding contraction and volatility in the new-build market. - FY2024-Q1RestatedAnnual report
「In the housing market, total new housing starts declined, primarily because construction starts for owner-occupied and for-sale housing slowed.」
The company indicates that the decline in new housing starts has continued and reaffirms its previous risk awareness regarding contraction and volatility in the new-build market. Compared with the previous report, it explicitly identifies the slowdown in owner-occupied and for-sale housing starts as a factor behind the decline. - FY2023-Q1WorsenedAnnual report
「In the housing market, the sharp recovery from the downturn caused by the COVID-19 pandemic in the previous year came to an end, and new housing starts turned downward.」
The recovery in the housing market from the COVID-19 pandemic, which had been reported through the previous fiscal year, came to an end, and new housing starts actually turned downward. Risk awareness regarding contraction and volatility in the new-build market has deteriorated. - FY2022RestatedAnnual report
「The business environment surrounding the housing and construction industries in which the Group operates is showing clear signs of recovery in new housing starts, which had fallen sharply as a result of the COVID-19 pandemic.」
While recognizing the future contraction of the new-build market, the company reports that new housing starts are currently recovering from the downturn caused by the COVID-19 pandemic. - FY2022-Q2MitigatedAnnual report
「In the housing market, total new housing starts increased as the market recovered from the downturn caused by COVID-19 in the previous year.」
Although the company had reported declines in new housing starts caused by COVID-19 and other factors through the previous fiscal year, it now reports that starts recovered from the previous year's downturn and increased. - FY2022-Q1MitigatedAnnual report
「In the housing market, total new housing starts increased as the market recovered from the downturn caused by COVID-19 in the previous year.」
Although the company had reported declines in new housing starts through the previous fiscal year, it now reports that starts recovered from the downturn caused by COVID-19 in the previous year and increased. - FY2021MitigatedAnnual report
「However, toward the end of the consolidated fiscal year, new housing starts began to show signs of recovery.」
While new housing starts declined during the fiscal year owing to the impact of COVID-19, the company reported signs of recovery toward the end of the fiscal year, indicating an improvement in recent market conditions. - FY2021-Q3RestatedAnnual report
「In the housing market, total new housing starts declined owing to the impact of COVID-19.」
The company reports a decline in total new housing starts resulting from the impact of COVID-19 and continues to recognize the contraction and volatility of the new-build market. - FY2021-Q1RestatedAnnual report
「In the housing market, total new housing starts declined, partly owing to a decrease in owner-occupied housing starts resulting from the impact of COVID-19.」
The company continues to recognize that total new housing starts declined against the backdrop of lower owner-occupied housing starts resulting from the impact of COVID-19. - FY2020MaterialisedAnnual report
「In the housing market, total new housing starts declined owing to a decrease in rental housing starts resulting from changes in financial institutions' lending attitudes, as well as a decline in owner-occupied housing starts accompanying the spread of COVID-19.」
The contraction and volatility of the new-build market emerged in the form of lower starts of owner-occupied housing, in addition to rental housing, as a result of COVID-19, and total new housing starts declined. - FY2020-Q3WorsenedAnnual report
「In the housing market, although the environment for home purchases remained favorable, supported by government measures to assist home purchases and low mortgage rates under the negative interest rate policy, total new housing starts declined owing to a decrease in rental housing starts resulting from changes in financial institutions' lending attitudes, as well as a decline in owner-occupied housing starts following the consumption tax increase.」
The company states that, while the favorable home-purchase environment continued, starts of both rental and owner-occupied housing declined following the consumption tax increase, resulting in a decrease in total new housing starts. Its awareness of contraction and volatility in the new-build market has intensified. - FY2020-Q2RestatedAnnual report
「In the housing market, the number of construction starts for for-sale housing and other categories increased against the backdrop of a favorable home-purchase environment supported by government measures to assist home purchases and low mortgage rates under the negative interest rate policy. However, total new housing starts declined owing in part to a decline in rental housing starts resulting from changes in financial institutions' lending attitudes.」
The company states that, while the home-purchase environment was favorable and starts of for-sale housing and other categories increased, total new housing starts declined owing in part to a decrease in rental housing starts, and continues to recognize the contraction and volatility of the new-build market. - FY2020-Q1RestatedAnnual report
「In the housing market, the number of construction starts for owner-occupied and for-sale housing increased against the backdrop of a favorable home-purchase environment supported by government measures to assist home purchases and low mortgage rates under the negative interest rate policy. However, total new housing starts declined slightly owing in part to a decline in rental housing starts resulting from changes in financial institutions' lending attitudes.」
While starts of owner-occupied and for-sale housing increased, the company notes that total new housing starts declined slightly owing in part to a decrease in rental housing starts, and continues to be cautious about contraction and volatility in the new-build market. - FY2019-Q3RestatedAnnual report
「In the housing market, although the environment for home purchases remained favorable, supported by government measures to assist home purchases and low mortgage rates under the negative interest rate policy, the number of new housing starts continued to trend downward, owing in part to a decline in rental housing starts resulting from changes in financial institutions' lending attitudes.」
While maintaining that the environment for home purchases is favorable, the company continues to recognize that new housing starts are trending downward owing in part to changes in financial institutions' lending attitudes. - FY2019-Q2RestatedAnnual report
「In the housing market, although the environment for home purchases remained favorable, supported by government measures to assist home purchases and low mortgage rates under the negative interest rate policy, the number of new housing starts continued to trend downward, owing in part to a decline in rental housing starts resulting from changes in financial institutions' lending attitudes.」
While maintaining that the environment for home purchases is favorable, the company continues to recognize that new housing starts are trending downward owing in part to changes in financial institutions' lending attitudes. - FY2019-Q1RestatedAnnual report
「In the housing market, although the environment for home purchases remained favorable, supported by government measures to assist home purchases and low mortgage rates under the negative interest rate policy, the number of new housing starts continued to trend downward, owing in part to a decline in construction starts for large-scale condominium developments.」
In light of the continued decline in new housing starts, the company continues to plan its business with a view to the future contraction of the new-build market. - FY2018RestatedAnnual report
「With an eye to the future contraction of the new-build market, the Group will enhance earnings power through market-specific growth strategies and innovation in its management platform, while actively allocating management resources to new fields to build new business models, thereby achieving sustainable growth and stable earnings.」
The Company continues to pursue stronger earnings power in existing businesses and expansion into new fields, energy-saving-related businesses and stock-related businesses based on the expectation of a future contraction in the new-build market. - FY2017RestatedAnnual report
「With an eye to the future contraction of the new-build market, the Group will enhance earnings power through market-specific growth strategies and innovation in its management platform, while actively allocating management resources to new fields to build new business models, thereby achieving sustainable growth and stable earnings.」
The Company continues to pursue expansion into stock-related businesses, new fields and energy-saving-related businesses based on the expectation of a future contraction in the new-build market. - FY2016First statedAnnual report
「With an eye to the future contraction of the new-build market, the Group aims to move ahead of change and enter a new growth trajectory」
Based on the possibility of a contraction in the new-build market, the Company plans to expand into the stock market, new fields and energy-saving-related businesses.