Housing market uncertainty caused by timber supply shortages and soaring prices
First written in FY2022-Q1. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 15 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「While the new housing market is on a declining trend, demand for home renovations is expected to remain firm. The government is also supporting this trend by advocating a shift toward a housing-stock utilization market in its Basic Plan for Housing.」
The Company continues to recognise a market in which contraction in the market for newly built homes coexists with resilience in the market focused on utilising the existing housing stock and in renovation demand. - FY2024-Q2RestatedAnnual 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.」
The Company continues to describe a situation in which soaring construction-material prices and rising housing prices may reduce consumers’ willingness to purchase homes and lead to fewer starts of owner-occupied and subdivided homes. - FY2023-Q1WorsenedAnnual report
「Going forward, concern exists that rising condominium prices and higher detached-home prices resulting from soaring construction-material costs will weaken consumers’ willingness to purchase homes.」
The Company specifically indicates that soaring housing and construction-material prices may reduce consumers’ willingness to purchase homes. - FY2022-Q1First statedAnnual report
「However, with timber demand also rising in Europe, the United States and China, the effects of domestic timber supply shortages and soaring prices have begun to emerge, leaving the outlook for economic conditions in the housing market uncertain.」
Against a backdrop of rising timber demand in Europe, the United States and China, the Company has for the first time explicitly identified domestic timber supply shortages and soaring prices as factors making the outlook for the housing market uncertain.