Risk of a downturn in the real estate rental market
First written in FY2016. 10 of 22 entries say "Worsened", first in FY2020. Latest entry: 2026-08-12.
Anshin Guarantor Service moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Mitigated".
- 2026-08-12MitigatedEarnings
「In the rental housing market, new housing starts in June 2026 increased 18.6% year on year, while rental housing starts increased 24.6% year on year.」
Rental housing starts, which had declined in the immediately preceding annual and monthly disclosures, increased year on year. - FY2026WorsenedAnnual report
「New housing starts in fiscal 2025 fell 12.9% year on year, turning downward again after the increase in the previous year. Rental housing starts also fell 13.5% year on year.」
Rental housing starts reversed from the increase in the previous fiscal year and fell 13.5% in fiscal 2025. The market indicator of rental housing market downturn risk has deteriorated. The company does not state that a specific impact on its business has occurred. - 2026-05-12WorsenedEarnings
「As the number of new housing starts in fiscal 2025 fell 12.9% from the previous fiscal year, reversing the increase in the previous year, the number of rental housing starts also turned down, falling 13.5% year on year.」
The number of rental housing starts turned from an increase in the previous fiscal year to a 13.5% year-on-year decline in the fiscal year ending March 2026. - FY2026-H1WorsenedAnnual report
「In the rental housing market, new housing starts in September 2025 fell 7.3% year on year, while rental housing starts fell 8.2% year on year.」
Regarding the rental housing market, the company reports data showing new housing starts down 7.3% year on year and rental housing starts down 8.2%, indicating monthly deterioration following the recovery on a fiscal-year basis immediately beforehand. - FY2025SoftenedAnnual report
「New housing starts in fiscal 2024 increased 2.0% year on year, turning upward for the first time in 3 years. Rental housing starts in particular increased 4.8% year on year, showing a recovery from the decline in the previous fiscal year and returning to an upward trend.」
Rental housing starts increased 4.8% year on year, marking the first increase in 3 years, and the indicator of rental market downturn risk improved from its decline in the previous fiscal year. - FY2025-H1SoftenedAnnual report
「In the rental housing market, new housing starts in September 2024 fell 0.6% year on year, while rental housing starts increased 4.4% year on year.」
While total new housing starts declined year on year, rental housing starts increased 4.4%, with the monthly data indicating improvement from the preceding downward trend in rental housing starts. - FY2024-Q3WorsenedAnnual report
「In the rental housing market, new housing starts in December 2023 fell 4.0% year on year, while rental housing starts fell 3.6% year on year.」
Rental housing starts declined 3.6% year on year as of December, compared with a 2.9% decline as of September 2023, indicating a wider monthly decline. - FY2024-Q2WorsenedAnnual report
「In the rental housing market, new housing starts in September 2023 fell 6.8% year on year, while rental housing starts fell 2.9% year on year.」
Rental housing starts declined 2.9% year on year in September 2023, compared with a 0.6% decline in the previous quarter, quantifying the monthly deterioration in the market. The company does not state that the risk has had an impact on its business. - FY2024-Q1WorsenedAnnual report
「In the rental housing market, new housing starts in June 2023 fell 4.8% year on year, while rental housing starts fell 0.6% year on year.」
The company reports the latest data showing a change from the increase in rental housing starts confirmed in the previous fiscal year, with rental housing starts in June 2023 down 0.6% year on year. - FY2023RestatedAnnual report
「The number of rental properties in the real estate rental market continues to increase steadily, but depending on changes in circumstances, such as further population aging and a decline in the absolute population aged 10 to 40, whose economic activity mainly involves moving homes, the real estate rental market could enter a downturn, which could have a significant impact on the continuation of the company's business.」
While referring to the solid number of rental properties, the company continues to disclose the risk of a market downturn due to population aging and a decline in the population aged 10 to 40. - FY2023-Q2SoftenedAnnual report
「In the rental housing market, new housing starts in September 2022 increased 1.0% year on year, marking an increase for the second consecutive month, while rental housing starts increased 8.1% year on year, marking an increase for the 19th consecutive month.」
Rental housing starts increased 8.1% year on year and rose for the 19th consecutive month, indicating further improvement in market conditions from the previous 16 consecutive months and 1.6% increase. - FY2023-Q1SoftenedAnnual report
「In the rental housing market, new housing starts in June 2022 fell 2.2% year on year, marking a decline for the second consecutive month, while rental housing starts increased 1.6% year on year, marking an increase for the 16th consecutive month.」
While total new housing starts declined, rental housing starts increased 1.6% year on year and rose for the 16th consecutive month, partially mitigating the conditions indicating a risk of a downturn in the rental housing market. - FY2022SoftenedAnnual report
「During the fiscal year under review, the Japanese economy began to show signs of recovery from its severe condition as government measures to control COVID-19, including progress in vaccinations, advanced. In the rental housing market, new housing starts in fiscal 2021 increased 6.6% year on year, the first increase in 3 years, while rental housing starts increased 9.2%, the first increase in 5 years.」
The company reports that, following the previous consecutive declines in rental housing starts, fiscal 2021 saw rental housing starts increase 9.2% year on year, marking the first increase in 5 years. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in business and other risks from the securities report for the previous fiscal year. - FY2021WorsenedAnnual report
「In the rental housing market, new housing starts in fiscal 2020 fell 8.1% year on year, while rental housing starts fell 9.4%, marking a decline for the fourth consecutive year.」
Rental housing starts fell 9.4% year on year, with the full-year data showing a decline for the fourth consecutive year. - FY2021-Q3RestatedAnnual report
「In the rental housing market, as new housing starts as of December 2020 fell 9.0% year on year, rental housing starts fell 11.5% year on year.」
Although the decline in rental housing starts has continued, the company states that there have been no material changes in the market risks disclosed in the previous quarter. - FY2021-Q2WorsenedAnnual report
「In the rental housing market, as new housing starts as of September this year fell 9.9% year on year, rental housing starts fell 14.8% year on year.」
Regarding the downturn in the rental housing market, the company reports the latest market data showing rental housing starts down 14.8% year on year, quantifying the continuing market deterioration. It also explains that there have been no material changes in business and other risks. - FY2021-Q1WorsenedAnnual report
「In the rental housing market, as new housing starts as of June this year fell 12.8% year on year, rental housing starts fell 13.0% year on year.」
Regarding the risk of a downturn in the rental housing market, the company reports recent market data showing new housing starts down 12.8% year on year and rental housing starts down 13.0%. The deterioration in the market continues to be quantified. - FY2020WorsenedAnnual report
「In the rental housing market, new housing starts in fiscal 2019 fell 7.3% year on year, while rental housing starts fell 14.2%, marking a decline for the third consecutive year.」
In addition to the previously disclosed future risks, the company reports that rental housing starts fell 14.2% year on year, marking a decline for the third consecutive year. - FY2019RestatedAnnual report
「The number of rental properties in the real estate rental market continues to increase steadily, but depending on changes in circumstances, such as further population aging and a decline in the absolute population aged 10 to 40, whose economic activity mainly involves moving homes, the real estate rental market could enter a downturn.」
While stating that the number of rental properties remains solid, the company continues to disclose the risk of a market downturn due to population aging and a decline in the population aged 10 to 40. - FY2017RestatedAnnual report
「If population aging progresses further and the absolute population aged 10 to 40, whose economic activity mainly involves moving homes, declines as circumstances change, the real estate rental market could enter a downturn, which could have a significant impact on the continuation of the company's business.」
The company continues to disclose the risk of a downturn in the rental market due to population aging and a decline in the young and working-age population. - FY2016First statedAnnual report
「Depending on changes in circumstances, the real estate rental market could enter a downturn, which could have a significant impact on the continuation of the company's business.」
The company identifies population aging and the decline in the population aged 10 to 40 as factors behind the market downturn.