Rising Housing Business Costs Due to Labor Shortages and Higher Building Material and Land Prices
First written in FY2019. 5 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 12 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the housing-related business, despite the impact of persistently high land and construction material prices and higher construction labour costs, efforts to increase value added resulted in solid performance for the business as a whole.」
Although high land and construction material prices and higher construction labour costs continue, the company worked to increase value added and stated that the housing-related business performed solidly. - FY2025MaterialisedAnnual report
「Operating profit in the housing-related business was ¥1,643 million (84.1% year on year), partly because it has become more difficult to pass higher land and construction material prices on to selling prices.」
The difficulty of passing higher land and construction material prices on to selling prices actually emerged as a decline in profit in the housing-related business. - FY2025-H1MitigatedAnnual report
「In the housing-related business, despite the impact of persistently high land and construction material prices and higher construction labour costs, efforts to secure earnings resulted in solid performance for the business as a whole.」
Although high land and construction material prices and higher construction labour costs continue, the company worked to secure earnings, and the housing-related business as a whole performed solidly. - FY2024WorsenedAnnual report
「In the housing-related business, high project-site and construction material prices and higher construction labour costs have continued. There are also concerns about rising mortgage rates and the cost of raising funds for the business, making the outlook difficult to assess in the construction and real estate markets.」
In addition to the previously reported increases in labour, construction material and land costs, concerns about higher construction labour costs, mortgage rates and business funding costs were explicitly stated, broadening the cost and market-environment risks facing the housing business. - FY2024-Q3RestatedAnnual report
「In the housing-related business, the results of the detached-house development company made a consolidated subsidiary in October 2022 were added. Despite the impact of soaring land and material prices, efforts to secure earnings supported solid operating performance for the business as a whole. However, the ¥1,833 million gain on bargain purchase recognised in the previous fiscal year upon the company becoming a consolidated subsidiary was absent this fiscal year, becoming a factor behind the decline in profit.」
Despite the continued impact of soaring land and material prices, the housing-related business delivered solid operating performance due to contributions from the detached-house development company made a consolidated subsidiary and efforts to secure earnings. - FY2024-Q2MitigatedAnnual report
「In the housing-related business, the results of the detached-house development company made a consolidated subsidiary in October 2022 were added. Despite the impact of soaring land and material prices, efforts to secure earnings resulted in solid performance for the business as a whole.」
Although soaring land and material prices continue, the housing-related business as a whole performed solidly due to the added results of the detached-house development company made a consolidated subsidiary and efforts to secure earnings. - FY2024-Q1RestatedAnnual report
「In the housing-related business, the results of the detached-house development company made a consolidated subsidiary in October 2022 were added. However, despite efforts to secure earnings amid soaring land and material prices, the business as a whole performed somewhat sluggishly.」
The company again confirmed that, although the results of the detached-house development company made a consolidated subsidiary were added, the housing-related business as a whole performed somewhat sluggishly amid continued increases in land and material prices. - FY2023-Q3RestatedAnnual report
「In the housing-related business, despite the impact of soaring land and material prices, the business as a whole performed well, partly because the results of the construction company made a consolidated subsidiary in the third quarter of the previous fiscal year and other income from the detached-house development company made a consolidated subsidiary in October 2022 were reflected in the results.」
The company continues to report the cost impact of soaring land and material prices on the housing-related business. At the same time, it states that the business as a whole performed well due to contributions from the construction company and detached-house development company made consolidated subsidiaries. - FY2023-Q2WorsenedAnnual report
「In the housing-related business, despite the impact of higher material prices due to the weaker yen, the business as a whole performed well, partly because the results of the construction company made a consolidated subsidiary in the third quarter of the previous fiscal year were added.」
In addition to the previously reported labour shortages and increases in construction material and land prices, higher material prices due to the weaker yen were identified as a cost factor for the housing-related business. - FY2020-Q1RestatedAnnual report
「Demand in the condominium development business has remained firm due to lower mortgage rates and the continued housing acquisition tax incentives. However, the business is facing difficult conditions, including higher selling prices, as it has been affected by higher construction costs due to labour shortages and surging construction material prices, as well as soaring prices for project sites.」
While housing demand remains firm, cost pressures from labour shortages, soaring construction material prices and land prices continue to drive up construction and selling prices. - FY2019First statedAnnual report
「Demand in the condominium development business has remained firm due to lower mortgage rates and the continued housing acquisition tax incentives. However, the business is facing difficult conditions, including higher selling prices, as it has been affected by higher construction costs due to labour shortages and surging construction material prices, as well as soaring prices for project sites.」
The company states that housing demand remains firm, while labour shortages, higher construction costs due to soaring construction material prices and higher land prices have actually resulted in higher selling prices and difficult business conditions.