Competition for Business Land and Rising Construction Prices
First written in FY2020. 2 of 4 entries say "Reframed", first in FY2023. Latest entry: FY2026.
I.A Group moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 13 of 23 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In the construction and real estate market, housing demand remains firm despite the effects of changes in the interest rate environment and rising prices for goods and materials. However, real estate prices and construction costs continue to rise, and the operating environment remains challenging.」
The risk description for the construction and real estate business now explicitly includes changes in the interest rate environment and rising prices for goods and materials, in addition to the previously cited increases in real estate prices and construction costs. - FY2024RestatedAnnual report
「In the construction and real estate market, housing demand remains firm amid favorable financing conditions, including the Bank of Japan's continued monetary easing. However, the operating environment is becoming increasingly challenging due to rising prices for income-producing real estate and construction costs.」
The company reiterates that the operating environment in the construction and real estate market is challenging due to rising prices for income-producing real estate and construction costs. - FY2023ReframedAnnual report
「In the construction and real estate market, housing demand remains firm amid favorable financing conditions, including the Bank of Japan's continued monetary easing. However, the operating environment is becoming increasingly challenging due to rising prices for income-producing real estate and construction costs.」
The description of risks in the construction and real estate business has changed from intensifying competition for commercial land to focusing on rising prices for income-producing real estate and construction costs. - FY2020First statedAnnual report
「Although housing demand has remained firm amid favorable funding conditions, including the Bank of Japan's continued monetary easing, the business environment is becoming more difficult due to intensifying competition to acquire business sites and rising construction prices.」
The company identifies intensifying competition for business sites and rising construction prices as new risks in the construction and real estate business.