Housing demand supported by front-loaded demand ahead of the consumption tax increase
First written in FY2019-Q3. 2 of 4 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2020.
Nankai Plywood moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「In addition to successive natural disasters and a decline in consumer sentiment caused by the consumption tax increase, the impact on the real economy of expanding restrictions on corporate activity accompanying the spread of COVID-19 began to emerge significantly from February」
The explanation changed from support from front-loaded demand ahead of the consumption tax increase to a decline in consumer sentiment caused by the tax increase and the economic impact of COVID-19. - FY2020-Q3WorsenedAnnual report
「The situation remained uncertain regarding the economic outlook, including concerns that the consumption tax increase could adversely affect consumer sentiment.」
The explanation changed from support from front-loaded demand ahead of the consumption tax increase to concerns that the tax increase could adversely affect consumer sentiment. - FY2020-Q2SoftenedAnnual report
「Mortgage interest rates have remained low, and various government measures to support home purchases have continued. In addition, rush demand appears to have been limited compared with previous consumption-tax increases, and new housing starts remained weak.」
The explanation of front-loaded demand ahead of the consumption tax increase changed from its effects becoming apparent in the previous quarter to the effects being limited compared with previous tax increases. - FY2019-Q3First statedAnnual report
「The effects of front-loaded demand ahead of the consumption tax increase have begun to become apparent」
The company explained that front-loaded demand ahead of the consumption tax increase had emerged as a factor supporting the housing-related market.