Risk of fluctuations in homebuyers’ willingness to purchase due to economic conditions, interest rates, housing supply and housing tax policy
First written in FY2017. 14 of 22 entries say "Restated". Latest entry: FY2027-H1.
Wadakohsan moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 35 of 50 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Meanwhile, concerns continue over the impact of persistently high construction costs on selling prices and the impact of higher interest rates on financing costs and sentiment toward housing acquisition.」
In addition to the existing concerns regarding persistently high construction costs and interest rate trends, the company identifies the impact of higher interest rates on financing costs and sentiment toward housing acquisition as specific risks to the sales environment. - 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 company identifies rising mortgage rates and gradual policy rate increases as specific concerns that could affect the sales environment even while housing demand remains resilient. - 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.」
While describing housing demand as resilient, the company identifies the impact of gradual policy rate increases on the sales and purchasing environments as a specific concern. - FY2025RestatedAnnual report
「Housing demand has remained resilient due to the continuation of government housing acquisition support measures and stable mortgage rates at low levels」
While describing demand as resilient due to housing acquisition support measures and low interest rates, the company continues to be concerned about the impact of persistently high construction costs and monetary policy on the sales environment. - 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.」
While indicating resilient demand supported by housing acquisition support measures and low interest rates, the company continues to identify the impact of persistently high construction costs on selling prices and monetary policy trends as concerns regarding the sales environment. - FY2024RestatedAnnual report
「Amid signs of further increases in material prices and interest rates, changes in sales conditions are expected, and the company also faces issues requiring an urgent response.」
The company continues to identify the possibility that soaring material prices and signs of higher interest rates may cause changes in sales conditions. - 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.」
While describing housing demand as resilient due to housing acquisition support measures and stable mortgage rates at low levels, the company continues to identify the impact of persistently high construction costs on selling prices and interest rate trends resulting from monetary policy as concerns regarding the sales environment. - 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.」
While describing housing demand as resilient, the company continues to be concerned about the impact of persistently high land prices and construction costs and interest rate trends resulting from monetary policy on the sales environment. - 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 company describes housing-related business as resilient due to stable mortgage rates at low levels, while monitoring the impact of persistently high construction costs and monetary policy on the sales environment. - FY2023RestatedAnnual report
「Amid signs of further increases in material prices and interest rates, changes in sales conditions are expected, and the company also faces issues requiring an urgent response.」
The company continues to identify the possibility that soaring material prices and signs of higher interest rates may cause changes in sales conditions. - 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.」
The company continues to describe concerns about the sales and purchasing environments arising from soaring construction costs and a shortage of prime development sites, while explaining that housing-related business is resilient due to policy support and stable mortgage rates at low levels. - FY2023-Q1RestatedAnnual report
「Although concerns exist over soaring construction costs due to globally high raw material prices and a shortage of prime development sites, housing-related business has generally remained resilient, supported by continued policy assistance and stable mortgage rates at low levels.」
The company continues to describe concerns about the sales and purchasing environments arising from soaring construction costs and a shortage of prime development sites, while explaining that the housing-related market is generally resilient. - FY2022WorsenedAnnual report
「Amid signs of further increases in material prices and interest rates, changes in sales conditions are expected, and the company also faces issues requiring an urgent response.」
In addition to the existing risks to purchase willingness related to economic conditions, interest rates and selling prices, the company explicitly identifies changes in sales conditions resulting from signs of higher material prices and interest rates. - FY2022-Q3WorsenedAnnual 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 describing the housing-related market as generally resilient, the company has added soaring construction costs due to globally high raw material prices and a shortage of prime development sites as new concerns that could affect selling prices and the purchasing environment. - FY2022-Q2RestatedAnnual report
「In the real estate industry, housing-related demand has remained firm, supported by continued low mortgage rates resulting from policy support and increased interest in housing during the COVID-19 pandemic, although concerns remain about the impact of higher selling prices resulting from persistently high land prices and construction costs.」
While describing the resilience supported by low mortgage rates and increased interest in housing, the company continues to be concerned about the impact on selling prices of persistently high land prices and construction costs. - FY2022-Q1RestatedAnnual report
「Concerns remain about the impact of higher selling prices resulting from persistently high land prices and construction costs.」
The company continues to be concerned about the impact on sales of persistently high land prices and construction costs and higher selling prices. - FY2021-Q3RestatedAnnual report
「Concerns remain about the impact on sales of persistently high land prices and construction costs, as well as lower consumer sentiment resulting from COVID-19.」
The company continues to identify persistently high land prices and construction costs and lower consumer sentiment resulting from COVID-19 as risk factors affecting sales. - FY2021-Q2WorsenedAnnual report
「Although the housing acquisition environment remained favorable due to the continuation of policy support, including low interest rate policies, concerns remain about the impact on sales of persistently high land prices and construction costs, supply chain disruptions caused by the spread of COVID-19, and weaker consumer sentiment associated with movement restrictions.」
While describing the favorable housing acquisition environment, the company has added supply chain disruptions and lower consumer sentiment associated with movement restrictions as new, specific risk factors affecting sales. - FY2021-Q1WorsenedAnnual report
「In the for-sale housing market, in addition to persistently high land prices and construction costs, changes in consumer sentiment resulting from the spread of COVID-19 have been observed」
As a risk factor affecting willingness to purchase housing, the company describes changes in consumer sentiment resulting from the spread of COVID-19, in addition to persistently high land prices and construction costs. - FY2019RestatedAnnual report
「If purchasers' willingness to buy newly built condominiums declines because of factors such as a worsening economic outlook, a substantial rise in interest rates, lower selling prices due to excess supply, or changes to or abolition of housing tax rules, these developments may affect the company's performance.」
The company continues to disclose the risk of changes in purchase willingness due to changes in economic conditions, interest rates, new supply, selling prices and housing tax rules. - FY2018RestatedAnnual report
「If purchasers' willingness to buy newly built condominiums declines because of factors such as a worsening economic outlook, a substantial rise in interest rates, lower selling prices due to excess supply, or changes to or abolition of housing tax rules, these developments may affect the company's performance.」
The company continues to disclose the risk of changes in purchase willingness due to economic conditions, interest rates, excess supply, selling prices and housing tax rules. - FY2017First statedAnnual report
「If purchasers' willingness to buy newly built condominiums declines because of factors such as a worsening economic outlook, a substantial rise in interest rates, lower selling prices due to excess supply, or changes to or abolition of housing tax rules, these developments may affect the company's performance.」
The company identifies a decline in willingness to purchase newly built condominiums due to changes in economic conditions, interest rates, new supply, selling prices and housing tax rules as an independent performance risk.