Recovery from the decline following the consumption tax increase
First written in FY2016. 2 of 3 entries say "Mitigated", first in FY2016. Latest entry: FY2020.
Sumitomo Realty & Development 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 2026: 4 of 7 companies on the "Worse" side.
31 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Sentiment in the second half, when the consumption tax increase was implemented, softened somewhat, and the number of orders received declined in both the "Shinchiku Sokkurisan" business and the custom-built housing business. However, the order backlog accumulated through the strong order intake up to the previous fiscal year contributed to earnings.」
The company explained that, although sentiment stagnated and orders received by the completed construction business declined in the second half following the consumption tax increase, the impact on results was absorbed through the recognition of the order backlog. - FY2020-Q1MitigatedAnnual report
「The company believes that the effects of front-loaded demand and the subsequent decline resulting from the transitional measures for the consumption tax increase were limited.」
Although front-loaded demand and a subsequent decline occurred in connection with the consumption tax increase, the company believes the impact on the completed construction business was limited. - FY2016MitigatedAnnual report
「The company emerged from the effects of the decline following the consumption tax increase and achieved higher revenue and higher profit for the first time in 2 fiscal years.」
The company explained that the completed construction and real estate brokerage businesses were affected by the consumption tax increase in the previous year, but that the number of buildings ordered and brokerage transactions turned upward in the current fiscal year.