Weakening domestic demand due to a decline in new housing starts
First written in FY2018. 8 of 13 entries say "Restated". Latest entry: 2026-08-07.
Klass moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 36 of 51 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「Surging crude oil prices and uncertainty over the supply of crude-oil-derived products following the deterioration of the situation in the Middle East from March 2026 affected the number of new housing starts in the housing-related market, our principal market.」
The deterioration of the situation in the Middle East, higher crude oil prices, and uncertainty over the supply of crude-oil-derived products were cited as specific factors behind the decline in demand in the housing-related market, through their impact on new housing starts. - FY2026-H1RestatedAnnual report
「In the housing-related market, the company's main market, persistently high construction costs and rising mortgage interest rates have delayed the recovery in new housing starts.」
The recognition that persistently high construction costs and rising mortgage interest rates are delaying the recovery in new housing starts has continued. - FY2025-H1WorsenedAnnual report
「Japan's economy during the first half of the current consolidated fiscal period continued a moderate recovery, supported by steady capital investment by large companies, firm personal consumption and strong inbound demand. However, persistently high construction costs and rising mortgage interest rates remained negative factors in the housing-related market, the company's main market.」
While the overall economy was on a moderate recovery trend, persistently high construction costs and rising mortgage interest rates continued to be cited as negative factors in the housing-related market. - FY2024-Q2RestatedAnnual report
「In the housing-related market, the company's main market, new housing starts remained sluggish due in part to higher construction material prices.」
The impact of higher construction material prices has contributed to continued weakness in new housing starts and declining domestic housing demand. - FY2024-Q1RestatedAnnual report
「Unstable conditions have continued, including the unresolved situations in Ukraine and the Middle East, rising geopolitical risks such as tensions in the Taiwan Strait, disruptions to international supply chains, surging resource prices and longer procurement lead times for production materials.」
In the housing construction market, new housing starts have been declining moderately due to higher construction material prices, and weak domestic housing demand has continued. - FY2023RestatedAnnual report
「Although the number of new housing starts is expected to decline over the long term, the company plans to address long-term fluctuations by expanding its product lineup, increasing market share and expanding its sales markets. However, a sharp decline in new housing starts over a short period could affect the operating results of the group.」
The risk of a long-term decline in new housing starts and the policy of responding by expanding products, market share and sales markets have continued. - FY2023-Q3WorsenedAnnual report
「The surge in consumer goods and construction material prices has slowed new housing starts in the company's main market, newly built homes. In addition, conditions remain uncertain, with procurement lead times for raw materials and products continuing to lengthen.」
The company explained that surging consumer goods and construction material prices were slowing new housing starts in its main market, and the risk of weaker domestic demand continued to materialize. - FY2020MaterialisedAnnual report
「New housing starts, which have a significant impact on the company's business, declined for 5 consecutive quarters from April of the previous year, resulting in the sharpest economic downturn since the end of World War II.」
The decline in new housing starts continued for 5 consecutive quarters, and the risk of weaker domestic demand materialized in the external and operating environments. - FY2019RestatedAnnual report
「Although the number of new housing starts is expected to decline over the long term, the company plans to address long-term fluctuations by expanding its product lineup, increasing market share and expanding its sales markets. However, a sharp decline in new housing starts over a short period could affect the company's operating results.」
The company explained that new housing starts declined year on year from April onward in addition to the long-term decline. Its response measures of expanding its products, market share and markets have been maintained. - FY2019-Q3RestatedAnnual report
「During the cumulative 3rd quarter of the current fiscal year, Japan's economy presented a challenging operating environment for the company. Although corporate capital investment and public investment recovered, external demand and new housing starts remained sluggish.」
Weak housing starts and a challenging operating environment have continued to be recognized. - FY2019-Q2RestatedAnnual report
「In the Interior Business Division, new housing starts remained broadly flat, sales of consumables such as tools and installation tape, for which demand arises during the finishing stage of housing construction, struggled to grow, and demand for replacement equipment such as paste application machines remained sluggish.」
New housing starts have remained sluggish and broadly flat, and the resulting weakness in demand for related consumables and equipment has continued. - FY2019-Q1RestatedAnnual report
「In the Interior Business Division, sales of consumables such as tools and installation tape, for which demand arises during the finishing stage of housing construction, remained somewhat sluggish due in part to the continued year-on-year decline in new housing starts from September onward. Demand for replacement equipment, such as paste application machines, also weakened.」
The declining trend in new housing starts and the resulting sluggish demand for consumables and equipment have continued. - FY2018First statedAnnual report
「Although the number of new housing starts is expected to decline over the long term, the company plans to address long-term fluctuations by expanding its product lineup, increasing market share and expanding its sales markets.」
The company explained that housing investment also recorded negative growth during the current fiscal year.