Risk of declining buyer sentiment
First written in FY2016. 20 of 22 entries say "Restated". Latest entry: FY2026.
Mirarth Holdings moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Against a backdrop of lower purchasing power among genuine end-user buyers due to rising interest rates, transactions are tending to take longer to close, and this effect is expected to be particularly pronounced in some regional areas.」
While stating that purchasing interest among genuine end-user buyers remains firm, the company identified lower purchasing power due to rising interest rates and longer times to closing as specific market risks. - FY2025RestatedAnnual report
「Although selling prices have risen against a backdrop of higher procurement costs, including surging raw material prices and a severe labor shortage, strong purchasing interest among genuine end-user buyers remains evident.」
The company continues to recognize that genuine end-user buyers' purchasing interest remains firm despite price increases caused by higher raw material prices and labor shortages. - FY2024-Q3RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risks related to homebuyer sentiment and supply trends continue to be reiterated together with economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. - FY2023RestatedAnnual report
「Homebuyer sentiment is affected by economic conditions, housing tax policy, consumption tax, land prices, interest rates and other factors. A substantial decline in homebuyer sentiment could affect the group's operating performance and financial position.」
The risk of declining homebuyer sentiment due to economic conditions, tax policy, land prices, interest rates and other factors continues. - FY2023-Q3RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risks related to homebuyer sentiment and supplier supply trends continue to be disclosed as having no material changes, with the previous description retained. - FY2023-Q2RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risks related to homebuyer sentiment and supplier supply trends were reiterated together with a statement that there were no material changes. - FY2022-Q3RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risks related to homebuyer sentiment and supply trends continue to be reiterated together with a statement that there are no material changes. - FY2020RestatedAnnual report
「Homebuyer sentiment is affected by economic conditions, housing tax policy, consumption tax, land prices, interest rates and other factors. A substantial decline in homebuyer sentiment could affect the group's operating performance and financial position.」
The risk of declining homebuyer sentiment due to economic conditions, tax policy, land prices, interest rates and other factors continues to be disclosed. - FY2020-Q3RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risks related to homebuyer sentiment and supply trends were reiterated together with a statement that there were no material changes. - FY2020-Q2RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risk related to homebuyer sentiment was reiterated together with economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. - FY2020-Q1RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risk related to homebuyer sentiment was reiterated together with economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. - FY2019RestatedAnnual report
「Homebuyer sentiment is affected by economic conditions, housing tax policy, consumption tax, land prices, interest rates and other factors. A substantial decline in homebuyer sentiment could affect the group's operating performance and financial position.」
The existing risk related to homebuyer sentiment was reiterated together with external economic, tax, land price and interest rate factors. - FY2019-Q3RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The company stated that there were no new or material changes in business and other risks, and reiterated the existing risks related to homebuyer sentiment and supply trends. - FY2019-Q2RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The company stated that there were no new or material changes in business and other risks, and reiterated the existing risk related to homebuyer sentiment. - FY2019-Q1RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The company stated that there were no new risks or material changes to existing risks, and reiterated the risk related to homebuyer sentiment. - FY2018-Q3RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
Existing risks related to homebuyer sentiment and supply trends were reiterated, with no material changes. - FY2018-Q2RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The existing risks related to homebuyer sentiment and supply trends were reiterated with the same content as in the previous quarterly report. - FY2018-Q1RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
The company stated that there were “no material changes” in business and other risks, and reiterated the existing risks related to homebuyer sentiment and supply trends. - FY2017-Q3RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
Risks related to homebuyer sentiment and supply trends continued to be disclosed, with no material changes. - FY2017-Q2RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
Risks related to homebuyer sentiment and supply trends continued to be disclosed, with no material changes. - FY2017-Q1RestatedAnnual report
「The group's core real estate sales business tends to be affected by homebuyer sentiment and supplier supply trends. Homebuyer sentiment is affected by economic conditions, interest rates, housing tax policy, consumption tax, land prices and other factors. Supplier supply trends are susceptible to fluctuations in land acquisition costs, subcontracting prices charged by general contractors and other outsourced providers, the failure of outsourced providers, and financial conditions. Changes in these trends could have a material effect on operating results.」
Existing risks related to homebuyer sentiment and supply trends were reiterated, with no material changes. - FY2016First statedAnnual report
「Homebuyer sentiment is affected by economic conditions, housing tax policy, consumption tax, land prices, interest rates and other factors. A substantial decline in homebuyer sentiment could affect the group's operating performance and financial position.」
External demand risk related to the group's core business of newly built for-sale condominiums.