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Entrust (7191) · RiskSpecified the factors behind the adjustment phaseLatest Earnings (2026-07-28): "Restated"

Dependence on the External Environment of the Rental Housing Market

First written in FY2017. 17 of 26 entries say "Restated". Latest entry: 2026-07-28.

26entries
10years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2020-Q3RestatedFY2022-Q2 – FY2024-Q2WorsenedFY2024-Q32017: 220172018: 420182019: 420192020: 420202021: 320212022: 220222023: 320232024: 120242025: 120252026: 22026
Same theme, other companies
Contraction of the rental business market due to declining rental housing startsA theme 3 companies write about · 3 as a headwind · 1 as a tailwind

0 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1Specified the factors behind the adjustment phaseAnnual report

    「In the housing-related industry, which is one of our group's related industries, newly built rental housing starts are currently in a slight adjustment phase, partly because of the reaction to rush demand ahead of revisions to the Building Energy Efficiency Act and other regulations.」

    The company continues to recognize that housing starts are in a slight correction phase as an external-environment factor relating to dependence on the rental housing market, and identifies the specific background as the reaction to rush demand ahead of revisions to the Building Energy Efficiency Act and other regulations.
  2. FY2024-Q3WorsenedAnnual report

    「In the housing-related industry, which is one of our group's related industries, newly built rental housing starts had continued to recover from the downturn caused by the COVID-19 pandemic, but have recently entered a slight adjustment phase.」

    Recognition of the external environment relating to dependence on the rental housing market weakened from a recovery trend to a slight correction phase in current conditions.
  3. FY2024-Q2RestatedAnnual report

    「In the housing-related industry, which is one of our group's related industries, newly built rental housing starts have remained firm.」

    Trends in the rental housing market continue to be treated as an external-environment factor that could affect results, with current new housing starts recognized as remaining firm.
  4. FY2024-Q1RestatedAnnual report

    「In the housing-related industry, which is one of our group's related industries, newly built rental housing starts have remained firm.」

    Trends in the rental housing market continue to be treated as an external-environment factor that could affect results, with current new housing starts recognized as remaining firm.
  5. FY2023-Q3RestatedAnnual report

    「In the housing-related industry, which is one of our related industries, newly built rental housing starts have remained firm.」

    Trends in the rental housing market continue to be treated as an external-environment factor that could affect results, and housing starts are described as remaining firm.
  6. FY2023-Q2RestatedAnnual report

    「In the housing-related industry, which is one of our related industries, newly built rental housing starts have remained firm and are expected to continue at a firm level.」

    Trends in the rental housing market continue to be treated as an external-environment factor that could affect results, and housing starts are described as remaining firm and expected to continue.
  7. FY2023-Q1RestatedAnnual report

    「In the housing-related industry, which is one of our related industries, newly built rental housing starts have remained firm and are expected to continue at a firm level.」

    Trends in the rental housing market continue to be treated as an external-environment factor that could affect results, but current housing starts are described as remaining firm and expected to continue at that level.
  8. FY2022-Q2RestatedAnnual report

    「In the housing-related industry, which is one of our related industries, signs of a recovery were seen, including a shift in newly built rental housing starts toward recovery, but there is also considerable uncertainty regarding the status of the infectious disease, and close attention is required regarding market trends.」

    The rental housing market has shown some recovery in housing starts, while uncertainty surrounding the infectious disease and dependence on market conditions continue.
  9. FY2022-Q1MitigatedAnnual report

    「In the housing-related industry, which is one of our related industries, signs of a recovery were seen, including a shift in newly built rental housing starts toward recovery, but the outlook for the containment of the infectious disease remains uncertain, and close attention is required regarding market trends.」

    The external-environment risk in the housing market was said to have partially recovered as new rental housing starts turned toward recovery. However, the end of the infectious disease remains unforeseeable, and caution regarding market conditions continues.
  10. FY2021-Q3WorsenedAnnual report

    「In the housing-related industry, which is related to our business, movements in and out of rental housing slowed partly due to the spread of COVID-19, but recovered as economic activity was stepped up following the lifting of the state of emergency. However, the renewed spread of COVID-19 from November onward and the subsequent declaration of another state of emergency mean that the future trend requires close monitoring.」

    While rental housing move-in and move-out activity recovered after the state of emergency was lifted, renewed spread of the infectious disease from November onward and the reissuance of the state of emergency have again heightened concern regarding future housing market trends.
  11. FY2021-Q2MitigatedAnnual report

    「In the housing-related industry, which is related to our business, movements in and out of rental housing slowed partly due to the spread of COVID-19, but have begun to recover as economic activity has been stepped up following the lifting of the state of emergency.」

    While concern was expressed that the spread of the infectious disease would slow rental housing move-in and move-out activity, activity recovered after the state of emergency was lifted, partially easing the external-environment risk in the housing market from the deterioration seen in the previous quarter.
  12. FY2021-Q1MaterialisedAnnual report

    「In the housing-related industry, which is related to our business, movements in and out of rental housing have slowed, partly due to the effects of the infectious disease.」

    Regarding the risk associated with dependence on the rental housing market, the slowdown in rental housing move-in and move-out activity caused by the impact of COVID-19 is described as an actual business-environment factor.
  13. FY2020WorsenedAnnual report

    「We believe that the upward trend in the number of rental housing units will peak within approximately the next 10 years, and recognize that this could lead to slower growth in rent debt guarantees.」

    Regarding the risk associated with dependence on the rental housing market, the company explicitly presents a time-bound outlook that the number of housing units will peak within approximately the next 10 years and guarantee growth will slow.
  14. FY2020-Q3RestatedAnnual report

    「In the housing-related industry, which is related to our business, new housing starts for rental properties have continued to decline year on year, but the stock of rental housing is expected to increase as the number of households rises. The proportion of rental properties using rent guarantee companies is also trending upward.」

    The decline in housing starts, the expected increase in the rental housing stock, and the upward trend in the proportion of users of rent guarantee companies continue as business-environment factors relating to dependence on the rental housing market.
  15. FY2020-Q2RestatedAnnual report

    「In the housing-related industry, which is related to our business, new housing starts for rental properties have continued to decline year on year, but the stock of rental housing is expected to increase as the number of households rises. The proportion of rental properties using rent guarantee companies is also trending upward.」

    As part of the business environment relating to dependence on the rental housing market, the decline in housing starts, the expected increase in the rental housing stock, and the upward trend in the proportion of users of rent guarantee companies continue to be identified.
  16. FY2020-Q1Added the expected increase in the rental housing stock and the upward trend in the proportion of users of rent guarantee companies.Annual report

    「In the housing-related industry, which is related to our business, new housing starts for rental properties have continued to decline year on year, but the stock of rental housing is expected to increase as the number of households rises. The proportion of rental properties using rent guarantee companies is also trending upward.」

    As part of the business environment relating to dependence on the rental housing market, the decline in housing starts, the expected increase in the rental housing stock, and the upward trend in the proportion of users of rent guarantee companies were identified.
  17. FY2019RestatedAnnual report

    「Trends in the external business environment affecting the rental housing market, including the number of rental housing starts, economic and rental trends, and changes in population and the number of households, could affect the company's results.」

    The company continues to recognize that external factors, including rental housing starts, economic and rental trends, and population and household numbers, could affect its results.
  18. FY2019-Q3RestatedAnnual report

    「In the housing-related industry, which is related to our business, housing starts for rental properties have recently continued to decline, but remain at a high level compared with the average of the past 10 years.」

    The continued decline in rental housing starts and their movement at a high level are identified as part of the external environment in the rental housing market that could affect results.
  19. FY2019-Q2RestatedAnnual report

    「In the housing-related industry, which is related to our business, housing starts for rental properties had recently continued to decline, but showed a tendency to increase in August and remained at a high level compared with the average of the past 10 years.」

    The continued decline in rental housing starts, the upward trend in August, and their movement at a high level are identified as part of the external market environment that could affect results.
  20. FY2019-Q1RestatedAnnual report

    「In the housing-related industry, which is related to our business, housing starts for rental properties have recently continued to decline, but remain at a high level compared with the average of the past 10 years.」

    The continued decline in rental housing starts and their movement at a high level are identified as part of the external market environment that could affect results.
  21. FY2018RestatedAnnual report

    「Trends in the external business environment affecting the rental housing market, including the number of rental housing starts, economic and rental trends, and changes in population and the number of households, could affect the company's results.」

    The company continues to identify as a risk the possibility that external factors, including rental housing starts, economic and rental trends, and population and household numbers, could affect its results.
  22. FY2018-Q3RestatedAnnual report

    「Housing starts for rental properties have recently continued to decline year on year, but remain at a high level compared with the average for the past 10 years.」

    Rental housing starts are said to remain at a high level despite continued declines, and the business-environment discussion concerning dependence on the external market continues.
  23. FY2018-Q2RestatedAnnual report

    「In the housing-related industry, which is one of our related industries, the number of housing starts for rental properties is declining but remains at a high level.」

    Trends in the rental housing market continue to be identified as a business-environment factor, with housing starts described as having declined but remaining at a high level.
  24. FY2017First statedAnnual report

    「Trends in the external business environment affecting the rental housing market, including the number of rental housing starts, economic and rental trends, and changes in population and the number of households, could affect the company's results.」

    The company identifies as a risk the possibility that external factors, including rental housing starts, economic and rental trends, and population and household numbers, could affect its results.
Moved together

"Growing Uncertainty in the Global Economy" moved the same way as this thread, in the same document, in 3 of its 26 moves.

332222★123456
  1. ★This thread
  2. 1Growing Uncertainty in the Global Economy3×
  3. 2Exposure to Guarantee Obligations Related to Rent Guarantees3×
  4. 3Expanding sales of nursing care and medical expense guarantee products centered on rent debt guarantees2×
  5. 4Achieving Net Sales, Operating Income and Operating Margin Targets Under a Medium-Term Management Plan2×
  6. 5Revenue growth and profit reported for the cumulative third-quarter period2×
  7. 6Risk of non-collection of receivables arising from subrogated payments2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Entrust's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Earnings of 2026-07-28: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.