Risks from Increased Competition, Soaring Costs and Another Consumption Tax Increase
First written in FY2017. 11 of 24 entries say "Restated". Latest entry: FY2026.
Anabuki Kosan 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: 13 of 23 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「We recognise the need to continue closely monitoring the intensifying competition to acquire development sites and the risk of construction delays.」
In addition to the existing concerns over land prices, construction costs, labour costs and mortgage rates, the intensifying competition to acquire development sites and the risk of construction delays were identified. - FY2026-H1WorsenedAnnual report
「Meanwhile, persistently high real estate prices have become increasingly pronounced, expectations of higher mortgage rates have begun to affect purchasing decisions, and pressure from surging construction material prices and labour costs to increase construction costs continues. Challenging conditions requiring caution also persist, including supply chain constraints and the risk of construction delays.」
The increasingly pronounced persistence of high real estate prices, the impact of expectations of higher interest rates on purchasing decisions, rising construction costs, supply chain constraints and construction delays were identified. - FY2025WorsenedAnnual report
「In the real estate industry, demand for real estate investment by domestic and overseas investors is expected to continue, but land prices, construction costs and labour costs continue to rise, and challenging conditions requiring caution, including the resulting impact on real estate prices, are expected to persist.」
While demand for real estate is expected to continue, land prices, construction costs and labour costs continue to rise, and the resulting impact on real estate prices remains a concern. - FY2025-H1RestatedAnnual report
「Meanwhile, challenging conditions requiring caution continue, including persistently high real estate prices and interest rate trends.」
Persistently high real estate prices and interest rate trends were identified as ongoing aspects of the operating environment requiring caution. - FY2024-Q3WorsenedAnnual report
「Although various government support programs continue to be implemented, concerns persist about the impact on mortgage rates of the Bank of Japan's termination of negative interest rates, as well as the further impact on real estate prices of persistently high construction costs and labor shortages.」
In addition to persistently high construction costs, the impact of the Bank of Japan's lifting of its negative interest rate policy on mortgage rates was identified as a new concern. - FY2024-Q2WorsenedAnnual report
「In the real estate industry, market conditions remained firm, supported by continued government support programs and the low-interest-rate environment. In addition, against the backdrop of continued monetary easing and yen depreciation, domestic and overseas investors remained highly willing to invest, and demand for real estate remained resilient. However, conditions continue to give rise to concerns about the prospective rise in mortgage rates, persistently high construction costs and the further impact of labor shortages on real estate prices.」
While real estate demand was described as resilient, the prospective rise in mortgage rates, persistently high construction costs and the potential further impact of labor shortages on real estate prices were specified as factors of concern. - FY2024-Q1RestatedAnnual report
「However, conditions continue to give rise to concerns about the prospective rise in mortgage rates and the further impact on real estate prices from soaring construction costs.」
The prospective rise in mortgage rates and the impact on real estate prices from soaring construction costs were identified as continuing features of the business environment requiring close attention. - FY2023-Q3WorsenedAnnual report
「In the real estate industry, market conditions have remained firm, mainly in the housing sector, supported by continued government support programs, the low-interest-rate environment and resilient consumer demand for housing against the backdrop of changes in lifestyles during the COVID-19 pandemic. However, we recognize that the environment continues to require close attention, including the impact on mortgage rates of the Bank of Japan's higher tolerance ceiling for long-term interest rates and further increases in construction expenses due to soaring building material and labor costs.」
While housing demand was described as resilient, the impact on mortgage rates and further increases in construction expenses due to soaring building material and labor costs were specified as factors requiring attention. - FY2023-Q1RestatedAnnual report
「Although the real estate industry continues to face conditions in which concerns include the impact of globally rising raw material prices on real estate prices」
Continued concerns were expressed regarding the impact of globally rising raw material prices on real estate prices. - FY2022-Q3WorsenedAnnual report
「In the real estate industry, the impact of COVID-19 has been relatively limited, against a backdrop of various government support programs and low interest rates, and the market has remained firm, supported by consumers' persistent purchasing appetite. At the same time, the intensifying global situation has constrained supplies of construction materials and housing equipment, raising concerns about the impact on real estate prices from further increases in construction costs.」
In addition to the previous concerns over rising costs, the impact on real estate prices of supply constraints for building materials and housing equipment caused by heightened global tensions, as well as further increases in construction expenses, was specified. - FY2022-Q1WorsenedAnnual report
「On the other hand, concerns about the impact of soaring building material prices on construction expenses and construction periods have created conditions requiring close attention.」
In addition to the previous concerns over rising construction expenses and other costs, the potential impact of soaring building material prices on construction expenses and construction periods was specified. - FY2021-Q3RestatedAnnual report
「Although the real estate industry continues to face conditions requiring close attention, including concerns about a resurgence of infections and high real estate prices」
Concerns about a resurgence of infections and high real estate prices were identified as continuing features of the business environment requiring close attention. - FY2021-Q2RestatedAnnual report
「Although the real estate industry continues to face conditions requiring close attention, including concerns about a resurgence of infections and high real estate prices」
Concerns about a resurgence of infections and high real estate prices were identified as continuing features of the business environment requiring close attention. - FY2020-Q2MitigatedAnnual report
「Although the consumption tax rate was raised to 10% in October 2019, the impact on consumers' willingness to purchase was limited due to government housing acquisition support programs and the low-interest-rate environment, avoiding a significant decline in demand.」
Even after the consumption tax rate was raised to 10%, housing acquisition support programs and the low-interest-rate environment limited the impact on purchasing sentiment, and a significant decline in demand was avoided. - FY2020-Q1RestatedAnnual report
「Although concerns remain in the real estate industry, including higher real estate prices resulting from rising costs such as land acquisition prices and construction expenses」
Continued concerns were expressed regarding higher real estate prices resulting from rising land acquisition prices, construction expenses and other costs. - FY2019RestatedAnnual report
「On the other hand, we recognize that the business environment continues to require close attention, including deterioration in the supply-demand balance due to an increase in competing properties in regional cities, where the Group specializes, and higher real estate prices resulting from rising costs such as land prices and construction expenses.」
Continued attention was required regarding the increase in competing properties in regional cities, deterioration in supply and demand, rising land and construction costs, and higher real estate prices. - FY2019-Q1RestatedAnnual report
「In anticipation of capturing demand before the scheduled 2019 increase in the consumption tax rate to 10% and the significant decline in demand expected after the increase」
The 2019 increase in the consumption tax rate to 10% and the expected significant decline in demand thereafter were reconfirmed as risks underlying sales measures. - FY2018WorsenedAnnual report
「Regarding the further increase in the consumption tax rate from October 2019, the increased rate will apply to properties delivered from October 2019 onward where the contract was entered into from April 2019 onward. Accordingly, a significant decline in demand, as seen during previous consumption tax increases, is expected from that month onward.」
The timing of the further increase in the consumption tax rate to 10% and the contracts subject to the new rate were specified, with a significant decline in demand expected for contracts entered into from April 2019 onward. - FY2018-Q3RestatedAnnual report
「In anticipation of a further increase in the consumption tax rate and economic fluctuations in the future」
The need to monitor a further consumption tax increase and economic fluctuations was reconfirmed as part of the business environment underlying sales measures. - FY2018-Q2RestatedAnnual report
「In anticipation of a further increase in the consumption tax rate and economic fluctuations in the future」
The need to monitor a further consumption tax increase and economic fluctuations was reconfirmed as part of the business environment underlying sales measures. - FY2018-Q1RestatedAnnual report
「In anticipation of a further increase in the consumption tax rate and economic fluctuations in the future」
The need to monitor a further consumption tax increase and economic fluctuations was reconfirmed as part of the business environment underlying sales measures. - FY2017First statedAnnual report
「We recognize that the business environment continues to require close attention, including deterioration in the supply-demand balance due to an increase in competing properties, rising costs such as land prices and construction expenses, and a further increase in the consumption tax.」
For the core condominium development business, intensified competition, rising land and construction costs, and a further consumption tax increase were identified as risks in the business environment.