Expansion into the Existing-Building and Non-Residential Markets
First written in FY2019. 9 of 19 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 2 of 19 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026-H1Insufficient orders for housing equipment construction for apartment buildingsAnnual report
「Revenue from housing equipment, sanitary equipment and air-conditioning sales and construction remained below the previous year. The main reasons were that, although air-conditioning construction revenue increased as the number of public-facility renewal projects rose, revenue from housing equipment construction for apartment buildings declined due to insufficient orders.」
In the expansion into the stock and non-residential markets, air-conditioning work related to public-facility renewal increased, while housing-equipment construction for multi-unit housing declined because of insufficient orders. - FY2025-H1Decline in some stock-market-related construction workAnnual report
「Revenue from housing equipment sales and construction remained below the previous year. The main reasons were a decline in sales of sanitary equipment products and a decrease in renovation work for individually owned condominium units, despite an increase in unit-bath construction for apartment buildings.」
Although unit-bathroom construction for multi-unit housing increased, the decline in renovation work for individual condominium units reduced revenue from housing equipment sales and construction. - FY2024-Q2RestatedAnnual report
「In air-conditioning and sanitary equipment contracting, revenue exceeded the previous year. The main reasons were the resumption of private-sector renovation work after the COVID-19 pandemic and steady progress in construction work on public-sector projects.」
The resumption of private-sector renovation work and progress on public-sector projects continued to produce results consistent with the policy of expanding sales channels in the stock and non-residential markets. - FY2024-Q1AdvancedAnnual report
「In air-conditioning and sanitary equipment contracting, revenue exceeded the previous year. The main reasons were the resumption of private-sector renovation work after the COVID-19 pandemic and steady progress in construction work on public-sector projects.」
The resumption of private-sector renovation work and progress on public-sector projects demonstrated results consistent with the policy of expanding sales channels in the stock and non-residential markets. - FY2023-Q3RestatedAnnual report
「In residential-equipment sales and construction, revenue remained above the previous year. The main factor was the increase in condominium remodeling projects and equipment construction for nonresidential properties.」
Renovation work on condominiums and equipment construction for non-residential properties increased, reaffirming the policy of expanding sales channels in the stock and non-residential markets. - FY2023-Q2Growing importance of the acquisition-and-resale business and separate presentationAnnual report
「Previously, real estate held for sale was included in inventories under current assets as costs incurred on unfinished construction. As the acquisition-and-resale business has become more important, real estate held for sale has been presented separately from the second quarter of the current fiscal year.」
As the acquisition-and-resale business for individual condominium units became more important, real estate held for sale was presented separately from the second quarter. - FY2023-Q1AdvancedAnnual report
「In residential-equipment sales and construction, revenue remained above the previous year. The main factor was the increase in condominium remodeling projects and equipment construction for nonresidential properties.」
Renovation work on condominiums and equipment construction for non-residential properties increased, demonstrating results consistent with the expansion of sales channels in the stock and non-residential markets. - FY2022RestatedAnnual report
「As a growth area, we worked to strengthen our condominium purchase-and-resale business and to strengthen sales in the Kinki and Sanyo markets, the main sales areas of 株式会社マニックス, which became a subsidiary in October last year.」
The policy of strengthening the business of acquiring and reselling individual condominium units and Manix's Kinki and Sanyo markets as growth areas continued. - FY2022-Q3AdvancedAnnual report
「In residential-equipment sales and construction, revenue remained above the previous year. The main factors were the addition of the マニックス contribution and increases in condominium remodeling projects and equipment construction for nonresidential properties.」
Renovation work on condominiums and equipment construction for non-residential properties increased, advancing market diversification into the stock and non-residential markets. - FY2022-Q2AdvancedAnnual report
「In residential-equipment sales and construction, revenue remained above the previous year. The main factors were the addition of the マニックス contribution and increases in condominium remodeling projects and construction projects for nonresidential properties.」
Renovation work on condominiums and construction work for non-residential properties increased, demonstrating results consistent with the market diversification initiatives. - FY2022-Q1AdvancedAnnual report
「Revenue from housing equipment-related sales and construction remained above the previous year. The main reasons were the addition of revenue from マニックス and increased demand for plumbing-related products for renovations.」
In the stock market, increased demand for plumbing and bathroom products for renovations demonstrated results consistent with the sales-channel expansion policy. - FY2021AdvancedAnnual report
「In addition, leveraging our experience in condominium renovation work, we will strengthen our in-house structure for acquiring, renovating and selling individual condominium units.」
As a measure to expand sales channels in the stock market, an in-house structure covering the acquisition, renovation and sale of individual condominium units was put in place. - FY2021-Q3AdvancedAnnual report
「In housing-equipment-related sales and construction, revenue exceeded the prior-year level. The main reasons were increased remodeling demand as people spent more time at home and higher orders from new builders, despite a delayed recovery in new-home demand from homebuilders and specification removals for certain products.」
In the stock market, renovation demand and orders from renovation companies and new construction firms increased, while large projects continued to experience lower orders and postponements. - FY2021-Q1Renovation orders increased while private-sector renewal projects were postponedAnnual report
「In sales and construction related to residential equipment, revenue fell below the previous year. The main factors were the removal of the company's products from specifications by house builders and others and a decline in new-build demand, although orders from remodeling companies increased amid stronger remodeling demand due to people spending more time at home.」
As more time was spent at home, orders from renovation companies increased. Meanwhile, large projects experienced postponements of private-sector renewal work and other issues, resulting in mixed impacts on market diversification initiatives. - FY2020Impact of COVID-19 on market diversification initiativesAnnual report
「In the second half, renovation demand, which had been moving toward recovery, weakened amid the spread of COVID-19. Delays and postponements of new detached-house projects and a decline in new business relationships due to the suspension of sales activities resulted in revenue of ¥65,338 million, down ¥4,246 million (6.1%) from the previous fiscal year.」
As the Group expanded sales channels in the stock and renovation markets, sluggish renovation demand and project postponements contributed to the decline in sales. - FY2020-Q3Postponement of renovation projects due to COVID-19Annual report
「Revenue was ¥50,314 million, down ¥698 million (1.4%) from the same quarter of the previous year, as sales of products for detached houses fell below the previous year due to the winding down of large projects related to the Tokyo Olympic and Paralympic Games from April onward and the postponement of renovation projects as a result of COVID-19 infection-control measures.」
Against the policy of expanding sales channels in the stock and renovation markets, sales declined because renovation projects were postponed. - FY2020-Q2AdvancedAnnual report
「In residential-equipment sales and construction, revenue exceeded the previous year. The main factors were increased deliveries of materials for renewal projects and remodeling products, as well as the concentration during the interim period of deliveries for unit-bathroom construction for large condominium developments ordered by specific existing customers in the Tokyo metropolitan area.」
Increased deliveries of renewal construction work and renovation products demonstrated concrete progress in the policy of expanding sales channels in the stock market. - FY2020-Q1AdvancedAnnual report
「In residential-equipment sales and construction, revenue exceeded the previous year. The main factors were increased deliveries of materials for renewal projects and remodeling products, as well as an increase in orders from specific existing customers in the Tokyo metropolitan area for unit-bathroom construction for large condominium developments.」
Increased deliveries of renewal construction work and renovation products demonstrated concrete progress in the policy of expanding sales channels in the stock market. - FY2019First statedAnnual report
「In addition, we will work to expand sales channels in the stock and non-residential markets, which account for a relatively small percentage of sales for our Group. To this end, we will expand our range of renovation products and strengthen our design and construction capabilities for renewal projects, while seeking to increase orders for non-residential construction projects using products such as wood-frame prefabricated components, siding and tiles.」
Existing renovation and non-residential initiatives were systematically established as part of the market diversification policy under the Third Medium-Term Management Plan.