Decline in orders due to the pass-through of higher materials costs and rising land prices for detached homes
First written in FY2023-Q2. 3 of 8 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2025.
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- FY2025Increase in Shinchiku Sokkuri-san orders, decline in custom-built home ordersAnnual report
「In the fiscal year under review, orders totaled 7,044 homes in the “Shinchiku Sokkuri-san” business, up 97 homes year on year, and 2,140 homes in the custom-built home business, down 82 homes.」
Combined orders across the two housing businesses did not deteriorate significantly, but Shinchiku Sokkuri-san increased year on year while custom-built homes declined. Orders for products marketed on their environmental performance increased year on year in both businesses. - FY2025-H1Orders in both housing businesses turned positive year on yearAnnual report
「In the interim period under review, orders totaled 3,669 homes in the “Shinchiku Sokkuri-san” business, up 158 homes year on year, and 1,152 homes in the custom-built home business, up 5 homes, with both businesses performing well and recording year-on-year increases.」
Orders had continued to decline against a backdrop of the post-price-increase reaction and rising land prices for detached homes, but during the interim period under review, orders in both Shinchiku Sokkuri-san and custom-built homes turned positive year on year. - FY2024-Q3WorsenedAnnual report
「In the third quarter under review (April–December), orders totaled 5,177 homes in the “Shinchiku Sokkuri-san” business, down 698 homes year on year, and 1,555 homes in the custom-built home business, up 144 homes.」
Regarding order trends following price increases against a backdrop of higher materials costs, the decline in Shinchiku Sokkuri-san orders widened to 698 homes year on year. Custom-built home orders, however, exceeded the same period of the previous year. In light of the order decline, recognized homes in the fourth quarter were also expected to fall below the previous year. - FY2024-Q2Shinchiku Sokkuri-san orders continued to decline, but custom-built homes increasedAnnual report
「In the second quarter under review (April–September), orders totaled 3,511 homes in the “Shinchiku Sokkuri-san” business, down 453 homes year on year, and 1,147 homes in the custom-built home business, up 111 homes.」
Shinchiku Sokkuri-san orders continued to decline, while custom-built home orders exceeded the same period of the previous year. Order trends related to the existing pass-through of higher materials costs and rising land prices for detached homes differed between the two businesses. - FY2024-Q1Orders remained lower, but custom-built homes increasedAnnual report
「In the first quarter under review, orders totaled 1,698 homes in the “Shinchiku Sokkuri-san” business, down 287 homes year on year, and 483 homes in the custom-built home business, up 19 homes.」
Orders for Shinchiku Sokkuri-san continued to decline following price increases against a backdrop of higher materials costs, while custom-built home orders exceeded the same period of the previous year. - FY2023WorsenedAnnual report
「In the fiscal year under review, orders totaled 7,796 homes in the “Shinchiku Sokkuri-san” business, down 566 homes year on year, and 2,071 homes in the custom-built home business, down 548 homes.」
The order decline caused by the post-price-increase reaction against a backdrop of higher materials costs and by rising land prices for detached homes continued for the full year, with combined orders in the two businesses falling 1,114 homes short of the previous year. - FY2023-Q3WorsenedAnnual report
「Third-quarter orders (April–December) declined year on year to 5,875 Shinchiku Sokkuri-san homes, down 371, and 1,411 custom-built homes, down 386. Although prices were raised against a backdrop of higher material costs such as timber, orders temporarily declined because of the subsequent drop after the rush before the price increase. In addition, orders from customers newly acquiring land declined in the custom-built home business because of higher prices for detached-home sites.」
The company explains that the order decline stemming from the post-price-increase reaction to higher materials costs and rising land prices for detached homes continued through the cumulative third quarter. - FY2023-Q2MaterialisedAnnual report
「Second-quarter orders (April–September) declined year on year to 3,964 Shinchiku Sokkuri-san homes, down 286, and 1,036 custom-built homes, down 323. Although prices were raised against a backdrop of higher material costs such as timber, orders temporarily declined because of the subsequent drop after the rush before the price increase. In addition, orders from customers newly acquiring land declined in the custom-built home business because of higher prices for detached-home sites.」
The company explains that order declines in renovations and custom-built homes actually occurred, owing to the post-price-increase reaction following higher materials costs and rising land prices for detached homes.