Impact of Interest Rate Trends, Housing Tax Policies and Other Factors on Purchasing Appetite and Financial Position
First written in FY2018. 13 of 19 entries say "Worsened", first in FY2019. Latest entry: 2026-10-13.
Avantia moved to the "Worse" side of this theme in 2019, 7 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 5 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- 2026-10-13WorsenedRevision of earnings forecasts
「しかしながら、お客様の選別志向は従来以上に厳しさを増しており、住宅購入・不動産投資の双方において、立地や利便性、商品力、価格の妥当性などを重視した選別が進んでおります。」
住宅需要は底堅いとする一方、住宅購入・不動産投資における顧客の選別が従来以上に厳しくなったと示された。 - FY2026-H1RestatedAnnual report
「In the housing and real estate industry, cautious purchasing sentiment among end users, particularly first-time buyers, continued against a backdrop of persistently high home prices resulting from rising land prices and construction costs, as well as rising consumer prices and mortgage rates.」
We continue to recognize that rising land prices, construction costs, consumer prices and mortgage rates affect home prices and purchasing sentiment among first-time buyers. - FY2025-H1RestatedAnnual report
「In the housing and real estate industry, sentiment among end-user buyers toward purchasing homes remains weak against a backdrop of persistently high home prices resulting from rising land prices and construction costs, as well as rising consumer prices. Uncertainty also continues regarding mortgage rate trends and the outlook for income conditions.」
The disclosure continues to indicate that persistently high home prices due to rising land prices, construction costs and consumer prices, together with uncertainty over mortgage rates and income conditions, are suppressing home-purchase demand among end users. - FY2024-Q3RestatedAnnual report
「Amid continued upward pressure on home prices, concerns about rising mortgage rates have intensified, and the prolonged weakness in home-purchase sentiment among actual-demand buyers, particularly first-time buyers, has continued. The business environment remains extremely challenging, including in the outlook ahead.」
We continue to remain alert to the impact on demand and the business environment of concerns about rising mortgage rates and sluggish sentiment toward purchasing homes. - FY2024-Q2WorsenedAnnual report
「In the housing and real estate industry, sentiment toward home purchases among actual-demand buyers, particularly first-time buyers, has remained weak. In addition, concerns about rising mortgage rates have recently intensified, and the extremely challenging business environment is expected to continue, including in the outlook ahead.」
The disclosure states that, in addition to sluggish sentiment toward purchasing homes, concerns about rising mortgage rates are strengthening, specifying the interest rate risks to housing demand and the business environment. - FY2024-Q1WorsenedAnnual report
「In addition, long-term interest rates are also on an upward trend, making the business environment increasingly challenging.」
The disclosure explicitly states that long-term interest rates are on an upward trend, heightening concerns about the impact of interest rate trends on housing demand and the business environment. In addition, long-term borrowings and other debt have increased. - FY2023WorsenedAnnual report
「Interest-bearing debt accounted for 51.1% of total assets as of the end of the fiscal year ended August 2023. Because financing is affected by external factors such as interest rate conditions, these factors may affect our financial condition and other matters.」
The interest-bearing debt ratio rose from the previous fiscal year's level to 51.1%, increasing exposure of financial condition to interest rate conditions and other factors. - FY2023-Q2WorsenedAnnual report
「The main factors were a ¥3,508 million increase in long-term borrowings, including the portion due within one year, a ¥972 million increase in contract liabilities, a ¥1,301 million decrease in short-term borrowings, and a ¥212 million decrease in income taxes payable and other liabilities.」
Although short-term borrowings decreased, long-term borrowings and other debt increased by ¥3,508 million, increasing exposure of financial condition to external factors such as interest rate conditions. - FY2023-Q1WorsenedAnnual report
「The main factors were decreases of ¥1,834 million in short-term borrowings, ¥895 million in notes payable, construction payables and other liabilities, and ¥168 million in income taxes payable, as well as an increase of ¥2,350 million in long-term borrowings, including the current portion, among other factors.」
Although short-term borrowings decreased, long-term borrowings and other debt increased, and exposure of financial condition to external factors such as interest rate conditions remains. - FY2022-Q3WorsenedAnnual report
「The main factors were a ¥9,794 million increase in interest-bearing debt, including short-term borrowings, and an ¥1,830 million decrease in contract liabilities.」
Interest-bearing debt, including short-term borrowings, increased by ¥9,794 million, increasing exposure of financial condition to external factors such as interest rate conditions. The occurrence of losses due to interest rate fluctuations itself is not disclosed. - FY2021-Q3WorsenedAnnual report
「The main factors were increases of ¥7,789 million in interest-bearing liabilities, including short-term borrowings, and ¥3,243 million in advances received for construction in progress, as well as a decrease of ¥1,803 million in notes payable, construction payables and other liabilities, among other factors.」
The increase in interest-bearing debt has increased exposure of financial condition to external factors such as interest rate conditions. - FY2021-Q2MitigatedAnnual report
「The main factors were a ¥717 million decrease in notes payable, construction payables and other liabilities, a ¥653 million decrease in short-term borrowings, and a ¥350 million increase in long-term borrowings.」
The decrease in short-term borrowings exceeded the increase in long-term borrowings, resulting in an overall decline in total liabilities and total borrowings from the end of the previous consolidated fiscal year. - FY2020WorsenedAnnual report
「Interest-bearing debt accounted for 30.2% of total assets as of the end of the fiscal year ended August 2020.」
The interest-bearing debt ratio rose from 26.4% at the end of the previous fiscal year to 30.2%, increasing exposure of financial condition to interest rate conditions and other factors. - FY2020-Q3WorsenedAnnual report
「The main factors were a ¥6,270 million increase in interest-bearing debt, including short-term borrowings, and a ¥224 million decrease in notes payable, construction payables and other liabilities.」
Interest-bearing debt, including short-term borrowings, increased by ¥6,270 million, further increasing exposure of financial condition to external factors such as interest rate trends. - FY2020-Q2WorsenedAnnual report
「Total liabilities as of the end of the second quarter of the current consolidated fiscal year increased by ¥2,937 million from the end of the previous consolidated fiscal year to ¥19,989 million. The main factors were a ¥3,045 million increase in interest-bearing debt, including short-term borrowings, and a ¥125 million increase in notes payable, construction payables and other liabilities.」
Interest-bearing debt, including short-term borrowings, increased by ¥3,045 million, increasing exposure of financial condition to interest rate trends and other factors. - FY2020-Q1WorsenedAnnual report
「The main factors were a ¥3,317 million increase in interest-bearing debt, including short-term borrowings, and a ¥358 million decrease in notes payable, construction accounts payable and other items.」
Interest-bearing debt increased by ¥3,317 million, increasing exposure of financial condition to external factors such as interest rate trends. Although this is quantified, no losses or other effects arising from interest rate fluctuations are disclosed. - FY2019WorsenedAnnual report
「Interest-bearing debt accounted for 26.4% of total assets as of the end of the fiscal year ended August 2019. Because financing is affected by external factors such as interest rate conditions, these factors may affect our financial condition and other matters.」
The interest-bearing debt ratio rose from 21.0% at the end of the previous fiscal year to 26.4%, indicating greater exposure of financial condition to interest rate trends and other factors. - FY2019-Q3Continued low interest rates and resilient housing demandAnnual report
「Although housing demand has remained resilient amid continued low interest rates and stable employment and income conditions, intense competition for land acquisitions and housing sales has continued, owing to rising land prices in areas suitable for residential development and the entry of competitors from other prefectures.」
While stating that housing demand remains resilient because of low interest rates and stable employment and income conditions, the disclosure also notes rising land prices and intensifying competition. - FY2018First statedAnnual report
「Funds for land acquisitions are obtained primarily through borrowings from financial institutions. Interest-bearing debt accounted for 21.0% of total assets as of the end of the fiscal year ended August 2018. Because financing is affected by external factors such as interest rate conditions, these factors may affect our financial condition and other matters.」
The disclosure indicates that changes in real estate market conditions, lending rates, market interest rates, housing tax policies and consumption tax rates may affect purchasing sentiment and financial condition, and states that interest-bearing debt accounted for 21.0%.