Competition for development sites and rising construction costs
First written in FY2016-Q3. 21 of 37 entries say "Restated". Latest entry: 2026-09-18.
Meiho Enterprise moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 12 of 22 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2025RestatedAnnual report
「In the real estate industry in which our Group operates, and particularly in investment properties centered on residential real estate, overseas investors continue to show strong interest in Japanese real estate against the backdrop of the prolonged low-interest-rate environment and the weaker yen, among other factors. Supply and demand have both remained solid, although the situation continues to require caution because of higher real estate prices resulting from soaring costs, including land prices and construction costs.」
While recognizing solid demand supported by low interest rates and the weaker yen, the disclosure continues to identify soaring costs, including land prices and construction costs, and higher real estate prices as factors requiring caution. - FY2025-H1RestatedAnnual report
「In the real estate industry in which our Group operates, and particularly in investment properties centered on residential real estate, overseas investors continue to show strong interest in Japanese real estate against the backdrop of the prolonged low-interest-rate environment and the weaker yen, among other factors. Supply and demand have both remained solid, although the situation continues to require caution because of higher real estate prices resulting from soaring costs, including land prices and construction costs.」
While recognizing solid demand supported by low interest rates and the weaker yen, the disclosure continues to identify higher real estate prices resulting from soaring costs, including land prices and construction costs, as a factor requiring caution. - FY2024-Q3RestatedAnnual report
「In the real estate industry in which our Group operates, and particularly in investment properties centered on residential real estate, overseas investors continue to show strong interest in Japanese real estate against the backdrop of the prolonged low-interest-rate environment and the weaker yen, among other factors. Supply and demand have both remained solid, although the situation continues to require caution because of higher real estate prices resulting from soaring costs, including land prices and construction costs.」
While recognizing solid demand supported by low interest rates and the weaker yen, the disclosure continues to identify soaring costs, including land prices and construction costs, and higher real estate prices as factors requiring caution. - FY2024-Q2RestatedAnnual report
「In the real estate industry in which our Group operates, and particularly in investment properties centered on residential real estate, overseas investors continue to show strong interest in Japanese real estate against the backdrop of the prolonged low-interest-rate environment and the weaker yen, among other factors. Supply and demand have both remained solid, although the situation continues to require caution because of higher real estate prices resulting from soaring costs, including land prices and construction costs.」
The disclosure continues to mention the need for caution regarding higher real estate prices resulting from soaring costs, including land prices and construction costs, together with solid demand and supply. - FY2024-Q1The focus has expanded to global conditions, including the situation in Israel, and labor shortages.Annual report
「Meanwhile, the outlook remains uncertain, with concerns over soaring raw material and crude oil prices, inflation caused by excessive yen depreciation, and chronic labor shortages across various business sectors resulting from rapid changes in global conditions due to the prolonged situation in Ukraine and instability in the situation in Israel, among other factors.」
In addition to the previous concerns over soaring raw material and energy prices, yen depreciation and labor shortages, the disclosure explicitly mentions instability in the situation in Israel and rapid changes in global conditions. - FY2023Raw material inflation and the weaker yen, as well as labor shortages, are explicitly mentioned.Annual report
「Meanwhile, the outlook remains uncertain, with concerns over soaring raw material and crude oil prices associated with the prolonged situation in Ukraine, inflation caused by excessive yen depreciation, and the chronic labor shortages across various business sectors.」
In addition to the previous concerns over rising construction material and energy prices, inflation caused by excessive yen depreciation and labor shortages are identified as external environmental concerns. - FY2023-Q3RestatedAnnual report
「Meanwhile, the outlook remains uncertain because of soaring energy and raw material prices resulting from overseas economic conditions and heightened tensions surrounding Ukraine, among other factors.」
Concerns over higher construction and procurement costs resulting from overseas conditions and soaring energy and raw material prices continue to be identified as external environmental risks. - FY2023-Q2MaterialisedAnnual report
「For new-build construction contracts, a large proportion of the projects were scheduled for completion in the third and fourth quarters. As the Company was unable to absorb increases in construction costs resulting from soaring raw material prices and higher selling, general and administrative expenses, the segment recorded a loss of ¥40 million, compared with segment profit of ¥2 million in the same quarter of the previous year.」
The increase in construction costs resulting from soaring raw material prices has appeared in actual results as a cost burden in the contracted construction business and a segment loss. - FY2023-Q1RestatedAnnual report
「For investment properties, particularly residential real estate, overseas investors continue to show strong interest in Japanese real estate against the backdrop of the prolonged low-interest-rate environment and the weaker yen, among other factors. Supply and demand have both remained solid, although the situation continues to require caution because of higher real estate prices resulting from soaring costs, including land prices and construction costs.」
The higher real estate prices resulting from soaring costs, including land prices and construction costs, are mentioned alongside solid demand, and the previous risk of rising costs continues. - FY2022WorsenedAnnual report
「Meanwhile, supply constraints have emerged for construction materials and housing equipment due to land prices and heightened international tensions, raising concerns that further increases in construction costs could affect real estate prices.」
In addition to rising land prices, supply constraints for materials and housing equipment resulting from heightened international tensions and concerns over further increases in construction costs continue to be identified. - FY2022-Q3WorsenedAnnual report
「Meanwhile, supply constraints have emerged for construction materials and housing equipment due to heightened international tensions, raising concerns that further increases in construction costs could affect real estate prices.」
In addition to the risk of higher construction costs, the disclosure specifically identifies supply constraints for construction materials and housing equipment resulting from heightened international tensions, as well as concerns over further increases in construction costs. - FY2022-Q2WorsenedAnnual report
「In addition, the procurement environment for construction materials remains unstable due to the ongoing global shortage of timber, soaring distribution prices, semiconductor shortages and rising energy prices.」
In addition to persistently high construction costs and soaring input costs, specific factors contributing to instability in construction material procurement, including timber shortages, semiconductor shortages and rising energy prices, are identified. - FY2022-Q1RestatedAnnual report
「In the real estate industry in which our Group operates, consumers’ purchasing appetite has continued to remain firm due to government housing acquisition support programs and the low-interest-rate environment. However, the situation continues to require caution because of concerns over the renewed spread of COVID-19 and the continued increase in real estate prices resulting from soaring costs, including land prices and construction costs.」
The continued increase in real estate prices resulting from soaring costs, including land prices and construction costs, is identified as a factor requiring caution alongside concerns over the renewed spread of COVID-19. - FY2021WorsenedAnnual report
「In the real estate industry in which our Group operates, construction material prices have continued to rise due to the global surge in timber prices caused by the COVID-19 pandemic, commonly referred to as the "wood shock," and price increases for products made from polyvinyl chloride resin. As a result, residential construction costs remain unstable.」
In addition to the previous concerns over persistently high construction costs, the disclosure specifically identifies soaring construction material prices caused by the wood shock and price increases for polyvinyl chloride resin products, indicating that residential construction costs have become unstable. - FY2021-Q3RestatedAnnual report
「In the real estate industry in which our Group operates, consumers’ purchasing appetite has continued to remain firm due to government housing acquisition support programs and the low-interest-rate environment. However, the situation continues to require caution because of concerns over the renewed spread of COVID-19 and the continued increase in real estate prices resulting from soaring costs, including land prices and construction costs.」
While also noting firm purchasing appetite due to low interest rates and other factors, the disclosure continues to identify the renewed spread of COVID-19, soaring costs including land prices and construction costs, and higher real estate prices as factors requiring caution. - FY2021-Q2RestatedAnnual report
「In the real estate industry in which our Group operates, consumers’ purchasing appetite has continued to remain firm due to government housing acquisition support programs and the low-interest-rate environment. However, the situation continues to require caution because of concerns over the renewed spread of COVID-19 and the continued increase in real estate prices resulting from soaring costs, including land prices and construction costs.」
While also noting firm consumer purchasing appetite, the disclosure continues to express concern over the renewed spread of COVID-19, soaring costs including land prices and construction costs, and higher real estate prices. - FY2021-Q1RestatedAnnual report
「In the real estate industry, consumers’ purchasing appetite has continued to remain firm due to government housing acquisition support programs and the low-interest-rate environment. However, the situation continues to require caution because of concerns over the renewed spread of COVID-19 and the continued increase in real estate prices resulting from soaring costs, including land prices and construction costs.」
While also noting firm purchasing appetite due to low interest rates and other factors, the disclosure continues to express concern over soaring costs, including land prices and construction costs, and higher real estate prices. - FY2020-Q2Investment demand and low interest rates are both mentioned.Annual report
「In the real estate industry in which our Group operates, despite concerns over soaring selling prices as land prices continued to rise, real estate investors’ investment appetite remained strong, supported by low interest rates resulting from the Bank of Japan’s monetary easing, among other factors, and market conditions remained solid.」
While retaining concerns over rising land prices and soaring selling prices, the disclosure now mentions the strong investment appetite of real estate investors and solid market conditions, supported by low interest rates, rather than the previous concerns over construction costs and competition for land acquisitions. - FY2020-Q1RestatedAnnual report
「Although the real estate industry in which our Group operates has remained solid due to low interest rates resulting from accommodative monetary policy, among other factors, the situation cannot be viewed optimistically because of rising land prices, intensifying competition for land acquisitions and persistently high construction costs.」
While describing the industry as solid on the back of low interest rates, the disclosure continues to identify rising land prices, intensifying competition for land acquisitions and persistently high construction costs as concerns. - FY2019RestatedAnnual report
「If procurement costs for materials and components and labor costs incurred by construction companies rise due to domestic or overseas economic conditions, this could result in higher construction costs for our Group and could affect our Group’s business performance.」
The risk of higher construction costs resulting from increases in land and selling prices, as well as material and labor costs, continues to be disclosed. - FY2019-Q3RestatedAnnual report
「Although rising land prices raised concerns about higher selling prices, underlying demand has remained firm against the backdrop of the Bank of Japan's monetary easing policy, and the business environment is generally favorable.」
The disclosure again recognizes concerns about rising land prices and surging selling prices, alongside firm underlying demand supported by monetary easing and a generally favorable business environment. - FY2019-Q2RestatedAnnual report
「In the real estate industry in which our Group operates, concerns arose over soaring selling prices as land prices continued to rise. However, end-user demand has remained firm against the backdrop of the Bank of Japan’s accommodative monetary policy, and the business environment is generally favorable.」
The disclosure again recognizes concerns about rising land prices and surging selling prices, alongside firm underlying demand supported by monetary easing and a generally favorable business environment. - FY2019-Q1RestatedAnnual report
「Although rising land prices raised concerns about higher selling prices, underlying demand has remained firm against the backdrop of the Bank of Japan's monetary easing policy, and the business environment is generally favorable.」
The disclosure again recognizes concerns about rising land prices and surging selling prices, alongside firm underlying demand supported by monetary easing and a generally favorable business environment. - FY2018-Q3RestatedAnnual report
「Although rising land prices raised concerns about higher selling prices, underlying demand has remained firm against the backdrop of the Bank of Japan's monetary easing policy, and the business environment is generally favorable.」
The disclosure again recognizes concerns about rising land prices and surging selling prices, alongside firm underlying demand supported by monetary easing and a generally favorable business environment. - FY2018-Q2RestatedAnnual report
「Although rising land prices raised concerns about higher selling prices, underlying demand has remained firm against the backdrop of the Bank of Japan's monetary easing policy, and the business environment is generally favorable.」
The disclosure again recognizes concerns about rising land prices and surging selling prices, alongside firm underlying demand supported by monetary easing and a generally favorable business environment. - FY2018-Q1Focus of cost and market risks changedAnnual report
「Although rising land prices raised concerns about higher selling prices, underlying demand has remained firm against the backdrop of the Bank of Japan's monetary easing policy, and the business environment is generally favorable.」
The focus has shifted from previous references to competition for development land and persistently high construction costs to concerns about rising land prices and surging selling prices. At the same time, the disclosure states that underlying demand remains firm and the business environment is generally favorable. - FY2017-Q3RestatedAnnual report
「Construction costs remain elevated, and with many other concerns, the operating environment remains difficult.」
Persistently elevated construction costs continue to be identified as a concern. - FY2017-Q2WorsenedAnnual report
「Construction costs remain elevated, and there are many other concerns, including the possibility that the yen's depreciation will drive construction costs even higher. The operating environment therefore remains difficult.」
In addition to persistently elevated construction costs, the possibility of further increases caused by the yen's depreciation has been newly specified, heightening concerns about rising costs. - FY2017-Q1RestatedAnnual report
「Although the condominium and detached-home markets in the Tokyo metropolitan area have remained firm, supported by a shift to rising official land prices in Japan's three major metropolitan areas and the continued implementation of housing acquisition support measures such as mortgage tax relief, the operating environment remains difficult. Concerns include intensifying competition to acquire development land and construction costs being pushed up by robust construction demand driven by the decision to host the Tokyo Olympics and earthquake-reconstruction efforts.」
Intensifying competition for development land and rising construction costs caused by robust construction demand continue to be identified as concerns. - FY2016RestatedAnnual report
「The real estate subdivision business is highly susceptible to economic conditions, interest rates, land prices, new supply and real estate tax policies. If economic conditions change, such as through an economic downturn, a substantial rise in interest rates or a decline in selling prices caused by a large increase in new supply, customers' willingness to purchase may weaken.」
The challenging real estate market environment, including competition for development land and rising construction costs, remains a risk in the full-year disclosure. - FY2016-Q3First statedAnnual report
「In addition to intensifying competition for development sites, strong construction demand driven by the decision to host the Tokyo Olympics and earthquake-recovery efforts is pushing up construction prices. With many factors of concern, the operating environment remains challenging.」
Intensifying competition for development sites and rising construction prices are identified as ongoing concerns.