Dependence on domestic housing demand and economic trends
First written in FY2016. 10 of 25 entries say "Restated". Latest entry: 2026-11-13.
Kvk moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 44 of 63 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the housing market, the willingness to purchase homes has remained weak due to persistently high housing prices resulting from inflation and surging construction-material costs, as well as the upward trend in mortgage rates, and new housing starts have continued to trend downward year on year, resulting in difficult conditions.」
The Company describes a housing market environment in which consumer prices, construction-material prices, and mortgage rates continue to rise, the willingness to purchase homes remains weak, and new housing starts continue to trend downward. - 2026-05-15MaterialisedResults
「物価高や建築資材価格の高騰に伴う住宅価格の高止まりに加え、住宅ローン金利の上昇傾向により住宅取得マインドが低迷しており、新設住宅着工戸数は前年同期比で減少傾向が続くなど、厳しい状況となりました。」
住宅価格・建築資材価格・住宅ローン金利を背景とする住宅取得マインド低迷と着工戸数減少が継続している。 - FY2025RestatedAnnual report
「In the housing market, the willingness to purchase homes has declined amid persistently high housing prices resulting from surging construction-material and labor costs and concerns over higher mortgage rates. Although there was a rush of construction at the end of the fiscal period ahead of the introduction in April of stricter building standards following revisions to the Building Standards Act and the Building Energy Efficiency Act, new housing starts continued to trend downward year on year during the period, resulting in difficult conditions.」
The Company describes continuing concerns over construction costs, housing prices, and mortgage rates, as well as a continued downward trend in new housing starts. - FY2025-H1RestatedAnnual report
「In the housing market, the willingness to purchase homes has remained weak due to higher housing prices resulting from inflation and surging construction-material costs, as well as concerns over higher mortgage rates, and new housing starts for owner-occupied and subdivision housing have continued to trend downward year on year, resulting in difficult conditions.」
The Company describes continued surges in consumer and construction-material prices, concerns over higher mortgage rates, a weak willingness to purchase homes, and declining starts of owner-occupied and subdivision housing. - FY2024MaterialisedAnnual report
「In the housing market, the willingness to purchase homes has declined amid persistently high housing prices due to surging construction-material and labor costs and concerns over higher mortgage rates, and new housing starts have continued to trend at low levels.」
Against a backdrop of persistently high housing prices and construction costs and concerns over higher mortgage rates, the decline in the willingness to purchase homes and the weak trend in new housing starts have continued. - FY2024-Q3MaterialisedAnnual report
「In the housing market, new housing starts remained weak and conditions were difficult, amid higher housing prices resulting from persistently high construction costs, including surging construction-material and labor costs.」
Difficult housing market conditions continue, with new housing starts remaining weak against a backdrop of persistently high construction costs and rising housing prices. - FY2024-Q2MaterialisedAnnual report
「The housing market faced difficult conditions as rising prices due to inflation and surging construction-material costs, together with a decline in the willingness to purchase homes, resulted in continued year-on-year declines in new housing starts for owner-occupied and subdivision housing.」
Regarding the risk of dependence on domestic housing demand, the Company notes that a decline in the willingness to purchase homes due to surging consumer and construction-material prices, together with continued declines in new housing starts for owner-occupied and subdivision housing, is actually occurring. - FY2024-Q1RestatedAnnual report
「In the housing market, owner-occupied housing starts remained weak, while rental and subdivision housing showed resilience, and conditions overall continued to be firm.」
The Company continues to describe a housing market in which weakness in owner-occupied housing coexists with resilience in rental and subdivision housing. - FY2023-Q3Owner-occupied housing declines, while rental and subdivision housing remain firm; cumulative annual total is in line with the previous yearAnnual report
「In the housing market, new housing starts for owner-occupied housing declined, while rental and subdivision housing remained firm, and the cumulative annual total remained in line with the previous year, supported by continued government measures to support home purchases and increased demand for housing and renovations due to relocation to regional areas.」
In the housing market, owner-occupied housing starts declined, while rental and subdivision housing remained firm, and the cumulative annual total was in line with the previous year. - FY2023-Q2The housing market shows resilienceAnnual report
「In the housing market, new housing starts in August showed a firm trend, turning positive year on year for the first time in 4 months, as subdivision housing, particularly rental housing and condominiums, recovered amid continued government measures to support home purchases and increased housing demand due to people spending more time at home and relocating to regional areas for remote work.」
Against a backdrop of home-purchase support measures and demand arising from people spending more time at home and relocating to regional areas for remote work, new housing starts turned positive year on year for the first time in 4 months, and the housing market showed resilience. - FY2023-Q1MaterialisedAnnual report
「In the housing market, although rental and subdivision housing starts remained firm in April and May, owner-occupied housing starts were weak, resulting in a slight year-on-year decline in cumulative total starts. Going forward, there are concerns that rising condominium prices and higher prices for detached houses due to surging construction-material costs will dampen the willingness to purchase homes.」
Total new housing starts declined slightly year on year on a cumulative basis, with weakness in owner-occupied housing becoming apparent. The Company also identifies a decline in the willingness to purchase homes due to surging condominium and construction-material prices as a concern. - FY2022RestatedAnnual report
「In the housing market, new housing starts remained firm, supported by solid demand, including increased demand for improvements to the home environment as people spent more time at home.」
Regarding the risk of dependence on domestic housing demand, the Company explains that new housing starts shifted from a weak trend to a firm trend. - FY2022-Q3New housing starts remain firmAnnual report
「In the housing market, new housing starts remained firm, supported by the continuation of various government measures to support home purchases and continued demand for improvements to the home environment as people spent more time at home.」
The Company explains that, against a backdrop of government measures to support home purchases and demand for improvements to the home environment, new housing starts shifted from their previous weakness and recovery to a firm trend. - FY2022-Q1New housing starts show a modest recoveryAnnual report
「In the housing market, new housing starts in April and May showed a modest year-on-year recovery, supported by the continuation of various government measures to support home purchases and growing demand for improvements to the home environment as a result of working from home.」
Against a backdrop of government measures to support home purchases and increased demand for improving the home environment due to working from home, new housing starts in April and May showed a modest year-on-year recovery. - FY2021MaterialisedAnnual report
「In the housing market, although owner-occupied housing starts showed some signs of recovery, rental and subdivision housing starts both declined, leaving the market overall on a downward trend.」
Regarding the risk of dependence on domestic housing demand, owner-occupied housing showed some recovery, while rental and subdivision housing starts declined, putting the market overall on a downward trend. - FY2021-Q3MaterialisedAnnual report
「In the housing market, owner-occupied housing starts were flat, while rental and subdivision housing starts were below the previous year's levels, leaving the market overall on a weak trend.」
Regarding the risk of dependence on domestic housing demand, owner-occupied housing starts were flat, rental and subdivision housing starts fell below the previous year's levels, and the housing market overall remained weak. - FY2021-Q2MaterialisedAnnual report
「In the housing market, new housing starts from April through August were below the previous year's levels for owner-occupied, rental, and subdivision housing alike, and the market remained weak.」
Regarding the risk of dependence on domestic housing demand, new housing starts for owner-occupied, rental, and subdivision housing all fell below the previous year's levels from April through August. - FY2021-Q1MaterialisedAnnual report
「In the housing market, new housing starts in April and May declined for owner-occupied, rental, and subdivision housing alike, and difficult conditions are expected to continue for the time being.」
Regarding the risk of dependence on domestic housing demand, the number of new housing starts in April and May actually declined across owner-occupied, rental, and subdivision housing. - FY2020WorsenedAnnual report
「In the housing market, owner-occupied, rental, and subdivision housing starts all declined year on year for the full year, and total new housing starts decreased overall.」
In addition to the housing market's previous weakness, owner-occupied, rental, and subdivision housing starts all declined for the full year, resulting in an overall decrease in new housing starts. - FY2020-Q3RestatedAnnual report
「In the housing market, although the number of new housing starts for subdivisions has remained firm, owner-occupied and rental housing starts have been trending downward, and the market as a whole has lacked strength.」
The Company continues to describe the downward trend in owner-occupied and rental housing starts and the lack of strength in the housing market overall as business conditions. - FY2018RestatedAnnual report
「A substantial portion of the Group's operating revenue is significantly affected by domestic demand. If demand for new construction and renovations fluctuates substantially due to deregulation of laws and systems, changes in housing policy, interest-rate trends, or other factors, this may affect the Group's operating results and financial position.」
The Company continues to identify dependence on domestic demand, demand for new construction and renovations, housing policy, and interest-rate trends as risks. - FY2017RestatedAnnual report
「A substantial portion of the Group's operating revenue is significantly affected by domestic demand. If demand for new construction and renovations fluctuates substantially due to deregulation of laws and systems, changes in housing policy, interest-rate trends, or other factors, this may affect the Group's operating results and financial position.」
The Company continues to identify dependence on domestic housing and renovation demand, housing policy, and interest-rate trends as risks. - FY2016First statedAnnual report
「A substantial portion of the Group's operating revenue is significantly affected by domestic demand. If demand for new construction and renovations fluctuates substantially due to deregulation of laws and systems, changes in housing policy, interest-rate trends, or other factors, this may affect the Group's operating results and financial position.」
The Company identifies domestic demand, demand for new construction and renovations, housing policy, and interest-rate trends as factors that may cause fluctuations in operating results.