Dependence on New Housing Starts
First written in FY2016. 17 of 36 entries say "Restated". Latest entry: 2026-11-09.
Eidai moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 41 of 59 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「In the housing industry, new housing starts remained extremely sluggish, owing not only to declining demand for home purchases due to rising home prices and mortgage rates, but also to the impact of the narrowing of the No. 4 exemption under the revised Building Standards Act and the mandatory compliance with energy-efficiency standards.」
It was stated that the combined effects of rising home prices and mortgage rates, the narrowing of the No. 4 exemption, and mandatory compliance with energy-efficiency standards had left new housing starts extremely sluggish. - FY2026-H1WorsenedAnnual report
「In the housing industry, in addition to lower consumer appetite for home purchases due to rising housing prices and mortgage rates, among other factors, new housing starts remained sluggish due to the contraction of the No. 4 special provision following revisions to the Building Standards Act and the impact of mandatory compliance with energy-efficiency standards.」
In addition to lower consumer appetite for home purchases due to rising housing prices and mortgage rates, the company identifies the impact of the contraction of the No. 4 special provision and mandatory compliance with energy-efficiency standards, and states that new housing starts continue to remain sluggish. - FY2025WorsenedAnnual report
「In the housing industry, consumer appetite for home purchases has declined due to rising housing prices and mortgage rates, among other factors. In addition, the contraction of the No. 4 special provision following revisions to the Building Standards Act is expected to keep new housing starts sluggish.」
In addition to concerns about weaker demand due to rising housing prices, construction costs and mortgage rates, the company identifies the impact of the contraction of the No. 4 special provision following revisions to the Building Standards Act as a new factor, and expects new housing starts to remain sluggish. - FY2025-H1WorsenedAnnual report
「In the housing industry, consumer appetite for home purchases declined due to rising construction costs and expectations of higher mortgage rates, and new housing starts for owner-occupied and built-for-sale detached housing, which are strongly correlated with the Group’s performance, remained below the previous year’s level.」
Concerns about lower consumer appetite for home purchases and rising construction costs and mortgage rates continued. In addition to owner-occupied housing, which is strongly correlated with the Group’s performance, built-for-sale detached housing starts also fell below the previous year’s level. The external environment related to dependence on new housing continues to weaken. - FY2024WorsenedAnnual report
「In the housing industry, government measures supporting home purchases continued to underpin housing demand. However, consumer appetite for home purchases has declined due to rising housing prices and expectations of higher mortgage rates, and there has been no significant change in the situation in which higher construction costs are suppressing housing demand. Accordingly, new housing starts are expected to remain sluggish.」
The company expects new housing starts to remain sluggish against a backdrop of lower consumer appetite for home purchases due to rising housing prices and construction costs and expectations of higher mortgage rates. Structural factors such as population decline and a falling birth rate also persist. - FY2024-Q2WorsenedAnnual report
「Amid concerns that higher construction costs caused by soaring housing material prices and expectations of rising mortgage rates would reduce consumer appetite for home purchases, new housing starts remained weak, and owner-occupied and built-for-sale detached housing starts fell below the previous year’s level.」
Concerns about lower consumer appetite for home purchases and weakness in new housing starts continued, with the categories falling below the previous year’s level expanding from owner-occupied housing to built-for-sale detached housing. - FY2024-Q1WorsenedAnnual report
「Amid concerns that higher construction costs caused by soaring housing material prices and expectations of rising mortgage rates would reduce consumer appetite for home purchases, new housing starts remained weak, and owner-occupied housing starts fell below the previous year’s level.」
Concerns about lower consumer appetite for home purchases due to rising construction costs and expectations of higher mortgage rates persisted. New housing starts remained weak, and owner-occupied housing starts fell below the previous year’s level. - FY2023WorsenedAnnual report
「Although an early recovery in housing demand is difficult, needs for housing interior components are diversifying according to homebuyers’ age groups, household composition and lifestyles. We believe that developing products to capture this demand will be important to expanding the Group’s business.」
The company indicated that an early recovery in housing demand would be difficult against a backdrop of population decline and a falling birth rate, higher housing material prices, and expectations of rising mortgage rates. - FY2023-Q2RestatedAnnual report
「In the housing industry, total new housing starts remained firm against a backdrop of changes in lifestyles and working practices during the pandemic. However, by housing type, owner-occupied housing starts fell below the previous year’s level.」
While the structural dependence on new housing starts continues and total starts remained firm, the company states that owner-occupied housing starts, which are strongly related to its performance, fell below the previous year’s level. - FY2023-Q1RestatedAnnual report
「In the housing industry, total new housing starts remained firm against a backdrop of changes in lifestyles and working practices during the pandemic. However, by housing type, owner-occupied housing starts fell below the previous year’s level.」
While the structural dependence on new housing starts continues and total starts remained firm, the company states that owner-occupied housing starts, which have a strong relationship with its performance, fell below the previous year’s level. - FY2022WorsenedAnnual report
「In addition to the declining trend in housing demand due to lower consumer appetite for home purchases caused by rising prices and other factors, raw material prices could rise further depending on the impact of the wood shock and exchange rate movements, and we believe that the business environment will become increasingly challenging.」
The company explicitly identifies a declining trend in housing demand due to lower consumer appetite for home purchases, heightening concerns about a worsening external environment related to dependence on new housing starts. - FY2022-Q3RestatedAnnual report
「In the housing industry, new housing starts continued to show signs of recovery, supported by increased demand for workspaces as remote work spread and by demand for detached houses in suburban areas.」
While the structural dependence on new housing starts continues, the company continues to report signs of recovery in starts supported by remote work and demand for detached houses in suburban areas. - FY2022-Q2RestatedAnnual report
「In the housing industry, new housing starts continued to show signs of recovery, supported by increased demand for workspaces as remote work spread and by demand for detached houses in suburban areas.」
While the structural dependence on new housing starts continues, the company states that starts continued to show signs of recovery, supported by remote work and demand for detached houses in suburban areas. - FY2022-Q1MitigatedAnnual report
「In the housing industry, although the impact of the COVID-19 pandemic remained, new housing starts showed signs of recovery as the spread of remote work increased demand for workspaces and prompted some people to seek detached houses in suburban areas.」
New housing starts showed signs of recovery despite the impact of the pandemic. However, the company did not state that its structural dependence on housing starts had been eliminated. - FY2021-Q3RestatedAnnual report
「In the housing industry, new housing starts remained at a low level due to the decline in consumer appetite for home purchases following the October 2019 consumption tax rate increase, as well as the impact of the spread of COVID-19.」
The company continues to report that new housing starts remain at a low level due to the consumption tax rate increase and the spread of COVID-19. - FY2021-Q2RestatedAnnual report
「In the housing industry, new housing starts remained weak due to the decline in consumer appetite for home purchases following the October 2019 consumption tax rate increase, as well as the impact of the COVID-19 pandemic.」
The company continues to report that new housing starts remain weak due to the consumption tax rate increase and the impact of the COVID-19 pandemic. - FY2021-Q1WorsenedAnnual report
「In the housing industry, new housing starts remained weak due to the decline in consumer appetite for home purchases following the October 2019 consumption tax rate increase, as well as the impact of the COVID-19 pandemic.」
The company states that new housing starts weakened due to the consumption tax rate increase and the impact of the COVID-19 pandemic. - FY2020WorsenedAnnual report
「New housing starts totaled 883,000 units, 7.3% below the previous fiscal year’s level.」
As dependence on new housing starts continues, starts totaled 883,000 units, down 7.3% year on year. The company also cites the consumption tax rate increase and natural disasters among the factors behind the decline. - FY2020-Q3RestatedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases provided support, but new housing starts fell below the same period of the previous year.」
Despite support from low interest rates and measures supporting home purchases, the company continues to report that new housing starts are below the same period of the previous year. - FY2020-Q2WorsenedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support. Owner-occupied housing remained firm, but rental housing starts continued to decline, and total new housing starts fell below the same period of the previous year.」
Owner-occupied housing remained firm, but rental housing starts continued to decline, and total new housing starts fell below the same period of the previous year. The external environment related to dependence on new housing starts continues to weaken. - FY2020-Q1WorsenedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support. Owner-occupied housing starts remained on an upward trend, but rental housing starts continued to decline, and total new housing starts fell below the same period of the previous year.」
Owner-occupied housing starts remained on an upward trend, while rental housing starts continued to decline, and total new housing starts fell below the same period of the previous year. - FY2019-Q3RestatedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support, and new housing starts remained firm.」
The business structure remains affected by new housing starts, but the company states that starts remained firm during the quarter, supported by low interest rates and measures supporting home purchases. - FY2019-Q2WorsenedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support, and new housing starts remained firm. However, by housing type, momentum was lacking, particularly in owner-occupied and rental housing.」
Overall new housing starts remained firm, but the company states that momentum was lacking in rental housing as well as owner-occupied housing, which is related to its performance. - FY2019-Q1WorsenedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support, and new housing starts remained firm. However, by housing type, owner-occupied housing starts, which have a strong correlation with the Group’s performance, continued to fall below the previous year’s level.」
Overall new housing starts remained firm, but the company states that owner-occupied housing starts, which are strongly correlated with its performance, continued to fall below the previous year’s level. - FY2018WorsenedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support, and new housing starts remained firm at 946,000 units, down 2.8% year on year.」
Despite support from low interest rates and measures supporting home purchases, new housing starts totaled 946,000 units, down 2.8% year on year. - FY2018-Q3RestatedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support, and new housing starts remained firm.」
The business structure remains affected by new housing starts, but the company states that starts remained firm during the quarter, supported by low interest rates and measures supporting home purchases. - FY2018-Q2WorsenedAnnual report
「In the housing industry, low mortgage rates and various measures supporting home purchases continued to provide support, and new housing starts remained firm, although momentum slowed year on year.」
The company states that new housing starts remained firm but lost momentum year on year, indicating a weakening external environment for its dependence on housing starts. - FY2018-Q1RestatedAnnual report
「In the housing industry, new housing starts remained firm, supported by low mortgage rates and various measures supporting home purchases.」
The business structure remains affected by new housing starts, but the company states that starts remained firm during the quarter, supported by low interest rates and measures supporting home purchases. - FY2017RestatedAnnual report
「The Group’s principal business is the manufacture and sale of wood-based building materials, interior components and equipment for housing. Accordingly, Group sales are strongly affected by fluctuations in new housing starts, particularly owner-occupied housing starts.」
The company continues to disclose dependence on new housing starts as a risk. New housing starts totaled 974,000 units in the current fiscal year, up 5.8% year on year. - FY2017-Q3RestatedAnnual report
「There were no significant changes or newly emerging risks relating to the Group’s business or other activities during the cumulative third quarter.」
The company concluded that there were no significant changes or newly emerging risks relating to its dependence on new housing starts. - FY2017-Q3RestatedAnnual report
「In the housing industry, new housing starts remained firm as government measures supporting home purchases provided a floor while mortgage rates remained low following the introduction of negative interest rates.」
While the structural dependence on new housing starts continues, the company states that starts remained firm during the quarter, supported by low interest rates and measures supporting home purchases. - FY2017-Q2RestatedAnnual report
「There were no significant changes or newly emerging risks relating to the Group’s business or other activities during the cumulative second quarter.」
The company concluded that there were no significant changes or new risks relating to its dependence on new housing starts. - FY2017-Q1RestatedAnnual report
「There were no significant changes or newly emerging risks relating to the Group’s business or other activities during the cumulative first quarter.」
The company concluded that there were no significant changes or new risks relating to its dependence on new housing starts. - FY2016First statedAnnual report
「The Group’s principal business is the manufacture and sale of wood-based building materials, interior components and equipment for housing. Accordingly, Group sales are affected by fluctuations in new housing starts, particularly owner-occupied housing starts.」
Although new housing starts are stated to have totaled 920,000 units, up 4.6% year on year, affected by economic conditions, interest rates and tax policy, they are expected to decline over the long term.