Earnings Dependence on New Housing Starts
First written in FY2016. 7 of 15 entries say "Worsened", first in FY2018. Latest entry: FY2026.
Nankai Plywood moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 17 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「New starts of owner-occupied homes and detached subdivision homes, the Company's core markets, remained at extremely difficult levels from April 2025 through March 2026, including a 12.6% year-on-year decline,」
Against a business backdrop in which demand for housing storage building materials is affected by new housing starts, starts of owner-occupied homes and detached subdivision homes, which are relevant to the Company's core business, decreased 12.6% year on year. - 2026-05-15Cited as achievedRevision to earnings forecast
「Starts of owner-occupied and detached subdivision housing, the company's core businesses, fell 12.6% year on year from April 2025 to March 2026 and remained at an extremely difficult level, while the operating environment is becoming increasingly challenging.」
住宅向け収納建材の需要が主力住宅の着工戸数に影響される構造について、通期の着工戸数減少実績を示した。 - FY2026-H1WorsenedAnnual report
「New housing starts for owner-occupied homes decreased 16% year on year during the six-month consolidated accounting period, and market conditions remained difficult.」
Against a business backdrop in which demand for housing storage building materials is affected by new housing starts, starts of owner-occupied homes, which are relevant to the Company's core business, decreased 16% year on year. - FY2025-H1RestatedAnnual report
「Demand for housing storage building materials, which accounts for a significant portion of the Group's operating revenue, is affected by the number of new housing starts.」
The Company continues to explain its business structure, under which demand for housing storage building materials and operating revenue are affected by the number of new housing starts. - FY2024WorsenedAnnual report
「In the housing-related industry, new housing starts from January 2023 through December 2023 totaled 819,623 units, down 4.6% from the same period of the previous year. Of these, starts of owner-occupied homes, the Company's main market, totaled 224,352 units, down 11.4% year on year.」
Against a business backdrop in which demand for housing storage building materials is affected by new housing starts, total housing starts and owner-occupied housing starts both declined. - FY2023-Q1RestatedAnnual report
「Demand for housing storage building materials, which accounts for a significant portion of the Group's operating revenue, is affected by the number of new housing starts. Accordingly, a significant decline in new housing starts due to worsening economic conditions resulting from an economic downturn or other factors could affect the Group's operating results and financial condition.」
The Company continues to explain its business structure, under which demand for housing storage building materials and operating revenue are affected by the number of new housing starts. - FY2022-Q1RestatedAnnual report
「Demand for housing storage building materials, which accounts for a significant portion of the Group's operating revenue, is affected by the number of new housing starts. Accordingly, a significant decline in new housing starts due to worsening economic conditions resulting from an economic downturn or other factors could affect the Group's operating results and financial condition.」
The Company continues to explain its business structure, under which demand for housing storage building materials and operating revenue are affected by the number of new housing starts. - FY2021WorsenedAnnual report
「Demand for housing storage building materials, which accounts for a significant portion of the Group's operating revenue, is affected by the number of new housing starts. Accordingly, a significant decline in new housing starts due to worsening economic conditions resulting from an economic downturn or other factors could affect the Group's operating results and financial condition.」
The Company continues to explain its dependence on housing starts for demand for housing storage building materials, while housing starts declined 8.1% year on year in the current period. - FY2021-Q3RestatedAnnual report
「Demand for housing storage building materials, which accounts for a significant portion of the Group's operating revenue, is affected by the number of new housing starts.」
The Company continues to explain its business structure, under which demand for housing storage building materials and operating revenue are affected by the number of new housing starts. - FY2021-Q2WorsenedAnnual report
「The situation remained difficult, as new housing starts continued to show a substantial year-on-year decline, amid growing uncertainty about the outlook for employment and income conditions due to the spread of COVID-19 and other factors.」
Demand for housing storage building materials remains dependent on new housing starts, which continued to post a substantial decline due to the impact of the infectious disease. - FY2020WorsenedAnnual report
「The number of new housing starts, which has a major impact on sales of the Company's products, is expected to decline significantly in the coming society characterized by a declining birthrate, an aging population and population decline.」
The Company reaffirmed the structure under which new housing starts have a major impact on sales and indicated the outlook for a significant decline in a society characterized by a declining birthrate, an aging population and population decline. - FY2019RestatedAnnual report
「A significant increase in new housing starts, which have a major impact on sales of the Company's products, cannot be expected in the future.」
The Company continues to explain its business structure, which depends on new housing starts and in which a significant increase cannot be expected in the future. - FY2018WorsenedAnnual report
「A significant increase in new housing starts, which have a major impact on sales of the Company's products, cannot be expected in the future.」
The Company reaffirmed its dependence on new housing starts and explicitly stated that a significant increase cannot be expected in the future. - FY2017RestatedAnnual report
「As the Company's business is centered on the manufacture and sale of wood-based interior materials for buildings, the number of new housing starts has a significant impact on the Group's net sales.」
The Company continues to explain its business structure, under which the number of new housing starts has a significant impact on net sales. - FY2016First statedAnnual report
「As the Company's business is centered on the manufacture and sale of wood-based interior materials for buildings, the number of new housing starts has a significant impact on the Group's net sales.」
The Company explains that, due to its business structure, the number of housing starts has a significant impact on net sales.