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Wadakohsan (8931) · RiskWorsened

Persistently High Land Prices and Construction Costs, and Regional Disparities in the Rental Market

First written in FY2017-Q1. 27 of 39 entries say "Restated". Latest entry: FY2027-H1.

39entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q3 – FY2020-Q3RestatedFY2023-Q1 – FY20252016: 220162017: 420172018: 420182019: 320192020: 320202021: 420212022: 320222023: 420232024: 420242025: 220252026: 62026
Same theme, other companies

Wadakohsan 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 2022: 13 of 23 companies on the "Worse" side.

10 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 32 companies compared. The sentences above are computed from all 32.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1WorsenedAnnual report

    「In the real estate industry, although mortgage rates are trending higher, demand from owner-occupier buyers remains firm, partly due to the continuation of government measures to support home purchases. Meanwhile, concerns continue over the impact of persistently high construction costs on selling prices and the effects of rising interest rates on funding costs and sentiment toward home purchases.」

    Compared with the previous concerns over interest-rate policy and interest-rate trends, the report specifically describes the upward trend in mortgage rates and the impact of rising interest rates on funding costs and sentiment toward home purchases.
  2. 2026-10-03Worsenednews.kobekeizai.jp

    「WADAKOHSAN's March-August period net profit down 42% as material and construction costs rise」

    It was reported that materials and construction costs increased during the March-August period, with the impact of higher construction costs shown as a concrete deterioration in performance.
  3. FY2026WorsenedAnnual report

    「In the real estate industry, although mortgage rates have risen, demand from owner-occupier buyers remains firm, partly due to the continuation of government measures to support home purchases. Meanwhile, concerns continue over the impact of persistently high construction costs on selling prices and the effects of gradual increases in the policy rate.」

    The report explicitly states that mortgage rates have risen and continues to express concern over the impact of persistently high construction costs on selling prices and the effects of gradual increases in the policy rate.
  4. 2026-04-10RestatedEarnings

    「Meanwhile, concerns continue regarding the impact of persistently high construction costs on selling prices and the impact of the gradual increases in policy interest rates.」

    The company continues to express concern about persistently high construction costs and the impact of policy rate increases.
  5. FY2026-H1WorsenedAnnual report

    「In the real estate industry, although changes have occurred in the Bank of Japan's monetary policy, mortgage rates remain low and demand from owner-occupier buyers remains firm. Meanwhile, concerns continue over the impact of persistently high construction costs on selling prices and the effects of gradual increases in the policy rate.」

    In addition to the previous concerns over developments in the Bank of Japan's interest-rate policy, the report specifically describes the effects of gradual increases in the policy rate.
  6. FY2025RestatedAnnual report

    「In the real estate industry, housing demand has remained firm, supported by the continuation of government measures to support home purchases and stable low mortgage rates, but concerns remain over the impact of persistently high construction costs on selling prices and interest-rate trends resulting from the Bank of Japan's monetary policy.」

    The report describes policy support and low interest rates as underpinning firm housing demand, while continuing to express concern over the impact of persistently high construction costs on selling prices and interest-rate trends resulting from the Bank of Japan's monetary policy.
  7. FY2025-H1RestatedAnnual report

    「In the real estate industry, demand has remained firm, supported by the continuation of government measures to support home purchases and mortgage rates remaining low, but concerns remain over the impact of persistently high construction costs on selling prices and developments in the Bank of Japan's interest-rate policy.」

    The report describes home-purchase support measures and low interest rates as underpinning firm housing demand, while continuing to express concern over the impact of persistently high construction costs on selling prices and the Bank of Japan's interest-rate policy.
  8. FY2025-Q1RestatedAnnual report

    「In the real estate industry, housing demand has remained firm due to the continuation of government measures to support home purchases and stable low mortgage rates, despite the effects of monetary policy and a preference for frugality, but concerns continue over the impact of persistently high construction costs on selling prices and developments in the Bank of Japan's interest-rate policy.」

    The report continues to describe home-purchase support measures and stable low mortgage rates as underpinning firm housing demand, while expressing concern over persistently high construction costs and the Bank of Japan's interest-rate policy.
  9. FY2024RestatedAnnual report

    「In the real estate industry, housing demand has remained firm, supported by the continuation of government measures to support home purchases and stable low mortgage rates, but concerns remain over the impact of persistently high construction costs on selling prices and interest-rate trends resulting from the Bank of Japan's monetary policy.」

    The report describes persistently high construction costs and interest-rate trends resulting from monetary policy as continuing concerns, although housing demand remains firm.
  10. FY2024-Q3RestatedAnnual report

    「In the real estate industry, housing demand has remained firm, supported by the continuation of government measures to support home purchases and stable low mortgage rates, but concerns remain over the impact of persistently high construction costs on selling prices and interest-rate trends resulting from the Bank of Japan's monetary policy.」

    The report describes policy support and low interest rates as underpinning firm housing demand, while continuing to express concern over the impact of persistently high construction costs on selling prices and interest-rate trends resulting from the Bank of Japan's monetary policy.
  11. FY2024-Q2RestatedAnnual report

    「In the real estate industry, housing demand has remained firm, supported by the continuation of government measures to support home purchases and stable low mortgage rates, but concerns remain over the impact of persistently high land prices and construction costs and interest-rate trends resulting from the Bank of Japan's monetary policy.」

    The report describes measures supporting home purchases and stable low mortgage rates as underpinning firm housing demand, while continuing to express concern over persistently high land prices and construction costs and interest-rate trends resulting from the Bank of Japan's monetary policy.
  12. FY2024-Q1RestatedAnnual report

    「In the real estate industry, although the impact of persistently high construction costs due to globally rising raw material prices and the Bank of Japan's monetary policy require close monitoring, mortgage rates remain low and stable, and housing-related demand has remained generally firm.」

    The report continues to monitor persistently high construction costs and monetary policy. At the same time, it states that housing-related demand remains generally firm due to stable low mortgage rates.
  13. FY2023RestatedAnnual report

    「However, challenges remain to be overcome, including currently persistently high costs, particularly land prices and construction costs, and signs of rising interest rates, as well as, over the medium to long term, a contraction of the housing market due to the declining birthrate and aging population, higher tax burdens resulting from fiscal deficits, and concerns about future social security」

    The report continues to describe persistently high land prices and construction costs, signs of rising interest rates, and demographic and fiscal challenges.
  14. FY2023-Q3RestatedAnnual report

    「In the real estate industry, although concerns remain over higher construction costs due to globally rising raw material prices and a shortage of prime development land, housing-related demand has remained generally firm, supported by continued policy support and stable low mortgage rates.」

    While continuing to express concern over higher construction costs due to globally rising raw material prices and a shortage of prime development land, the report states that housing-related demand remains firm against a backdrop of policy support and stable low mortgage rates.
  15. FY2023-Q1RestatedAnnual report

    「In the real estate industry, although concerns remain over higher construction costs due to globally rising raw material prices and a shortage of prime development land, housing-related demand has remained generally firm, supported by continued policy support and stable low mortgage rates.」

    While continuing to express concern over higher construction costs due to globally rising raw material prices and a shortage of prime development land, the report states that housing-related demand remains firm due to policy support and stable low mortgage rates.
  16. FY2022WorsenedAnnual report

    「In the real estate industry, sales of condominiums and other housing have generally progressed smoothly despite rising selling prices, supported by stable low mortgage rates, government tax policy support and increased interest in housing during the COVID-19 pandemic, but with signs of surging material prices and rising interest rates, changes in sales are expected, creating issues that require an urgent response.」

    In addition to the previous concerns over persistently high land prices and construction costs, the report explicitly states that surging material prices and signs of rising interest rates could lead to changes in sales.
  17. FY2022-Q3WorsenedAnnual report

    「Although concerns remain over higher construction costs due to globally rising raw material prices and a shortage of prime development land, housing-related demand has remained generally firm, supported by continued policy support and stable low mortgage rates.」

    In addition to the previous concerns over persistently high land prices and construction costs, the report explicitly identifies higher construction costs due to globally rising raw material prices and a shortage of prime development land as new concerns.
  18. FY2022-Q2RestatedAnnual report

    「Concerns remain about the impact of higher selling prices resulting from persistently high land prices and construction costs.」

    The impact on sales of persistently high land prices and construction costs, and the resulting higher selling prices, remains a concern.
  19. FY2022-Q1RestatedAnnual report

    「Concerns remain about the impact of higher selling prices resulting from persistently high land prices and construction costs.」

    The impact of persistently high land prices and construction costs, and the resulting higher selling prices, remains a concern.
  20. FY2021WorsenedAnnual report

    「In the real estate industry, sales of condominiums and other housing have generally progressed smoothly, supported by stable low mortgage rates and the effects of government tax policies, but higher selling prices driven by further increases in land prices and construction costs are causing signs of weakness in sales, particularly in the Tokyo metropolitan area, creating issues that require an urgent response.」

    The report specifies that rising land prices and construction costs have led to higher selling prices and signs of weakness in sales, particularly in the Tokyo metropolitan area.
  21. FY2021-Q3RestatedAnnual report

    「In the real estate industry, housing-related demand has remained firm, supported by the continuation of low mortgage rates through government policy support, but concerns remain about the impact on sales of persistently high land prices and construction costs, as well as weaker consumer sentiment caused by COVID-19.」

    The impact on sales of persistently high land prices and construction costs and weaker consumer sentiment caused by COVID-19 remains a concern.
  22. FY2021-Q2WorsenedAnnual report

    「In addition to persistently high land prices and construction costs, concerns include the impact on sales of supply chain disruptions caused by the spread of COVID-19 and weaker consumer sentiment associated with movement restrictions.」

    In addition to the previous concerns over persistently high land prices and construction costs, supply chain disruptions and weaker consumer sentiment associated with movement restrictions have been added as factors affecting sales.
  23. FY2021-Q1WorsenedAnnual report

    「In the real estate industry, in addition to persistently high land prices and construction costs, consumer sentiment has changed as a result of the spread of COVID-19 in the for-sale market, while the rental market shows regional and use-based disparities,」

    In addition to the previous concerns over persistently high land prices and construction costs and regional and use-based disparities in the rental market, the report describes changes in consumer sentiment resulting from the spread of COVID-19.
  24. FY2020-Q3RestatedAnnual report

    「In the for-sale market, rising land prices and construction costs are affecting sales, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from rising land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  25. FY2020-Q1RestatedAnnual report

    「In the real estate industry, rising land prices and construction costs are affecting sales in the for-sale market, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from rising land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  26. FY2019RestatedAnnual report

    「Persistently high land prices and construction costs are affecting sales, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from persistently high land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  27. FY2019-Q3RestatedAnnual report

    「In the real estate industry, persistently high land prices and construction costs are affecting sales in the for-sale market, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from persistently high land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  28. FY2019-Q2RestatedAnnual report

    「In the real estate industry, rising land prices and construction costs are affecting sales in the for-sale market, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from rising land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  29. FY2019-Q1RestatedAnnual report

    「In the real estate industry, rising land prices and construction costs are affecting sales in the for-sale market, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from rising land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  30. FY2018RestatedAnnual report

    「In the real estate industry, rising land prices and construction costs are affecting sales in the for-sale market, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from rising land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  31. FY2018-Q3RestatedAnnual report

    「In the real estate industry, persistently high land prices and construction costs are affecting sales in the for-sale market, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact on sales from persistently high land prices and construction costs, as well as regional and use-based disparities in the rental market, continues to be described.
  32. FY2018-Q2WorsenedAnnual report

    「In the for-sale market, persistently high land prices and construction costs are affecting sales, particularly in the Tokyo metropolitan area, while the rental market shows regional and use-based disparities,」

    The impact of persistently high land prices and construction costs on sales, particularly in the Tokyo metropolitan area, is described as more than a conventional concern. Regional and use-based disparities in the rental market also continue.
  33. FY2018-Q1RestatedAnnual report

    「The for-sale market remained relatively stable overall, supported by the continuation of low-interest-rate policies and improved consumer sentiment toward housing, although concerns remain, including persistently high land prices and construction costs in the for-sale market and regional and use-based disparities in the rental market.」

    Persistently high land prices and construction costs, and regional and use-based disparities in the rental market, remain concerns.
  34. FY2017WorsenedAnnual report

    「In the near term, in addition to rising costs, particularly land prices and construction costs, there is concern about unstable international conditions that could affect the domestic economy, while over the medium to long term the housing market may contract as the declining birthrate and aging population progress」

    The annual report describes the previous concern over persistently high land prices and construction costs more broadly as challenges involving rising costs, higher selling prices and the potential contraction of the housing market.
  35. FY2017-Q3RestatedAnnual report

    「In the for-sale market, persistently high land prices and construction costs are concerns, while in the rental market, disparities have emerged by region and use, among other factors.」

    Persistently high land prices and construction costs, and regional and use-based disparities in the rental market, remain concerns.
  36. FY2017-Q2RestatedAnnual report

    「The for-sale market remained relatively stable overall, supported by the continuation of low-interest-rate policies and improved consumer sentiment toward housing, although concerns remain, including persistently high land prices and construction costs in the for-sale market and regional and use-based disparities in the rental market.」

    Persistently high land prices and construction costs, and regional and use-based disparities in the rental market, remain concerns.
  37. FY2017-Q1First statedAnnual report

    「In the for-sale market, persistently high land prices and construction costs are concerns, while in the rental market, disparities have emerged by region and use, among other factors.」

    Land and construction costs are cited as concerns in the for-sale business, while regional and use-based market disparities are cited in the rental business.
Moved together

"Detached-House Sales Turn Profitable" moved the same way as this thread, in the same document, in 7 of its 39 moves.

776644★123456
  1. ★This thread
  2. 1Detached-House Sales Turn Profitable7×
  3. 2Risk of Changes in Purchasing Intentions Due to Economic Conditions, Interest Rates, Supply and Housing Tax Policy7×
  4. 3Return to profitability from a loss in the same period of the previous year6×
  5. 4Overseas Risks and Uncertainty in Financial Markets6×
  6. 5Financial Covenants on Borrowings and Risk of Loss of Benefit of Time4×
  7. 6Decline in Revenue and Shift to a Loss in Other Real Estate Sales4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Wadakohsan yet. It last moved in the Earnings of 2026-10-02: "Restated".
Persistently High Land Prices and Construction Costs, and Regional Disparities in the Rental Market | WADAKOHSAN CORPORATION (8931) | Komori