Deterioration in demand conditions due to a decline in housing starts
First written in FY2021-Q3. 7 of 20 entries say "Restated". Latest entry: 2026-07-27.
The whole theme swung hardest in 2020: 36 of 51 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- 2026-07-27MitigatedEarnings
「In April and May, new housing starts were substantially higher than in the same period of the previous year, reflecting a rebound from the previous year's low levels and an increase in starts of owner-occupied and for-sale housing.」
New housing starts exceeded the year-earlier period in April and May, but are expected to remain volatile going forward against a backdrop of higher raw material prices and other factors. - FY2026WorsenedAnnual report
「New housing starts totaled approximately 711,000 units for the cumulative period from April to March, down 12.9% year on year.」
New housing starts totaled approximately 711,000 units, down 12.9% year on year, and housing demand conditions deteriorated as starts turned sharply downward from the increase in the previous fiscal year. - 2026-05-07WorsenedEarnings
「The cumulative number of new housing starts from April through March, which is closely related to demand for our products, was approximately 711,000 units, down 12.9% year on year (Source: Ministry of Land, Infrastructure, Transport and Tourism, Survey Report on Construction Starts). Following revisions to the Building Standards Act and the Energy Conservation Act, demand surged through March of the previous year before declining sharply from April onward. Although the market recovered somewhat during the summer, it turned downward again from November, partly due to higher construction material costs and rising mortgage rates.」
The decline in new housing starts widened further from the FY2026 first-half disclosure. In addition to the pullback following the rush in demand, higher construction material costs and rising mortgage rates were cited as factors behind the decline. - FY2026-H1WorsenedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, continued to decline substantially in the first quarter. This was largely due to the reversal of front-loaded demand ahead of the revision to the Building Energy Efficiency Act in April this year. Although the decline narrowed in the second quarter, starts remained below the previous year's level.」
New housing starts continued to decline substantially in the first quarter and remained below the previous year in the second quarter. The reversal of front-loaded demand associated with the revised Building Energy Efficiency Act has newly been specified as a factor behind the decline. - FY2025MitigatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 816,000 units for the cumulative period from April to March, up 2.0% from the previous fiscal year.」
New housing starts increased 2.0% from the previous fiscal year, indicating an improvement in demand conditions from the 7.0% year-on-year decline in FY2024. However, the text also identifies weak demand due to the downturn in the housing market as a factor weighing on sales. - FY2025-H1MitigatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 412,000 units for the cumulative period from April to September, down 0.8% year on year.」
New housing starts continued to decline, down 0.8% year on year, although the decline narrowed from the 6.2% decrease in the same period of the previous fiscal year. However, weak demand due to the downturn in the housing market is identified as a factor weighing on sales. - FY2024WorsenedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 800,000 units for the cumulative period from April to March, down 7.0% year on year.」
New housing starts declined 7.0% year on year for the full year, with the decline widening from the 0.6% decrease in the previous fiscal year. - FY2024-Q3RestatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 617,000 units for the cumulative period from April to December, down 6.3% year on year.」
New housing starts declined 6.3% year on year, and the downward trend in housing demand conditions continues. - FY2024-Q2WorsenedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 415,000 units for the cumulative period from April to September, down 6.2% year on year.」
New housing starts declined 6.2% year on year on a first-half cumulative basis, with the decline widening from the 4.7% decrease in the first quarter of the previous fiscal year. - FY2024-Q1WorsenedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 207,000 units for the cumulative period from April to June, down 4.7% from the previous fiscal year.」
New housing starts declined 4.7% from the previous fiscal year on a first-quarter cumulative basis, turning downward from the increase in the previous fiscal year. The figures indicate a deterioration in housing demand conditions. - FY2023RestatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 860,000 units for the cumulative period from April to March, down 0.6% year on year.」
New housing starts declined 0.6% year on year for the full year, reaffirming weakness in housing demand conditions. - FY2023-Q3RestatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 659,000 units for the cumulative period from April to December, down 1.0% year on year.」
New housing starts totaled 659,000 units for the cumulative period from April to December, down 1.0% year on year, and the downward trend in housing demand conditions continues to be reported. - FY2023-Q2RestatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 442,000 units for the cumulative period from April to September, down 0.7% year on year.」
New housing starts declined 0.7% year on year, reaffirming the downward trend in housing demand conditions. - FY2023-Q1WorsenedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 218,000 units for the cumulative period from April to June, down 1.3% from the previous fiscal year.」
New housing starts declined 1.3% from the previous fiscal year on a first-quarter cumulative basis, turning downward from the increase seen in the previous fiscal year. - FY2022RestatedAnnual report
「Nationwide new housing starts totaled 865,000 units for the cumulative period from April 2021 to March 2022, up 6.6% year on year. Looking ahead, there are concerns that conditions will remain uncertain due to the renewed spread of COVID-19 and the impact of soaring prices and supply shortages for housing timber, known as the “wood shock.”」
Although new housing starts increased year on year, the outlook for housing demand is described as uncertain due to the renewed spread of infections, soaring timber prices and supply shortages. - FY2022-Q3RestatedAnnual report
「Meanwhile, in the housing industry, which is closely related to our demand, the environment encouraged housing investment through government policies such as the introduction of the Green Housing Points program, extensions to the housing loan tax deduction and tax-exempt treatment for gifts of funds for housing acquisition. Against this backdrop, nationwide new housing starts, as announced by the Ministry of Land, Infrastructure, Transport and Tourism, totaled 665,000 units for the cumulative period from April to December 2021, up 7.1% year on year.」
New housing starts totaled 665,000 units for the cumulative period from April to December, up 7.1% year on year, indicating that the upward trend continued from the previous fiscal year. - FY2022-Q2RestatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 445,000 units for the cumulative period from April to September, up 7.6% from the previous fiscal year.」
New housing starts increased 7.6% from the previous fiscal year on a first-half cumulative basis, with a recovery trend continuing from the previous quarter. - FY2022-Q1MitigatedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 221,000 units for the cumulative period from April to June, up 8.1% from the previous fiscal year.」
New housing starts increased 8.1% from the previous fiscal year on a first-quarter cumulative basis, indicating an improvement in demand conditions from the decline seen in the same period of the previous fiscal year. - FY2021MaterialisedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 812,000 units for the cumulative period from April to March, down 8.1% from the previous fiscal year.」
New housing starts totaled 812,000 units for the full year, down 8.1% from the previous fiscal year, indicating that housing demand conditions continue to deteriorate. - FY2021-Q3MaterialisedAnnual report
「Meanwhile, new housing starts, which are closely related to our demand, totaled 621,000 units for the cumulative period from April to December, down 9.9% year on year.」
New housing starts, which are closely related to demand from our main customers, declined 9.9% year on year for the cumulative period from April to December.