Timber price increases and supply shortages caused by the wood shock
First written in FY2021. 10 of 14 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2025Supply shortages and price increases have eased somewhat but remain elevatedAnnual report
「Although timber supply shortages and soaring prices have settled down, prices remain high.」
It recognizes that timber supply shortages and soaring prices have eased from previous levels, while prices remain high. - FY2025-H1RestatedAnnual report
「In the real estate industry in which our group operates, policy support and the low-interest-rate environment continue, but construction costs and land prices have also risen due to increases in raw-material and energy prices resulting from inflation, leaving the outlook uncertain.」
The uncertain outlook for the real estate industry, including risks related to rising prices for raw materials, including timber, supply and construction costs, continues to be described. - FY2024Supply shortages have eased somewhat, but prices remain highAnnual report
「Timber supplies fell short and prices surged rapidly from spring 2021. Supply shortages have now eased somewhat, but prices peaked around July 2022 and, although they declined slightly from around December 2022, have barely fallen and remain at high levels.」
It states that the timber supply shortage has eased somewhat, while prices have barely fallen from their peak and remain high. - FY2024-Q3RestatedAnnual report
「In the real estate industry in which the Group operates, housing market conditions remained firm, supported by continued low interest rates resulting from policy support and growing interest in housing due to remote work during the COVID-19 pandemic. However, as noted above, construction costs remain high due to soaring raw material and energy prices, and the outlook remains uncertain.」
The risk of persistently high construction costs due to soaring prices and supply shortages for raw materials, including timber, continues to be described as a supply and cost risk following the wood shock. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in business and other risks related to soaring raw-material prices and supply shortages, including the wood shock. - FY2024-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes in business and other risks related to soaring raw-material prices and supply shortages, including the wood shock. - FY2023RestatedAnnual report
「In addition, while business activity and consumer trends have been affected by the spread of COVID-19, rising timber demand in the United States and China, where economic recoveries are progressing, has caused the prices of imported timber to surge and supplies to fall short in Japan, a situation known as the “wood shock.”」
The risk of continued impacts on construction and sales from COVID-19 and the wood shock continues to be described. - FY2023-Q3RestatedAnnual report
「The real estate industry in which our group operates remained firm as interest in housing increased, supported by continued low interest rates resulting from government policy and remote work during the pandemic. On the other hand, as described above, concerns remain about elevated construction costs due to higher raw material prices and supply shortages, and the outlook remains uncertain.」
The situation in which construction costs are expected to remain high due to soaring prices and supply shortages for raw materials, including timber, continues to be described. - FY2023-Q2RestatedAnnual report
「The real estate industry in which our group operates remained firm as interest in housing increased, supported by continued low interest rates resulting from government policy and remote work during the pandemic. On the other hand, as described above, concerns remain about elevated construction costs due to higher raw material prices and supply shortages, and the outlook remains uncertain.」
The risk of persistently high construction costs due to soaring prices and supply shortages for raw materials, including timber, continues to be described as a supply and cost risk following the wood shock. - FY2022WorsenedAnnual report
「The suspension of supplies of Russian timber and other effects of economic sanctions imposed following Russia's invasion of Ukraine, which began in February 2022, are expected to cause higher prices and supply shortages to continue for the time being.」
The outlook that higher timber prices and supply shortages caused by the wood shock will continue for the time being has become more firmly established, owing to the suspension of supplies of Russian timber and other factors. - FY2022-Q3RestatedAnnual report
「The real estate industry in which our group operates remained firm as interest in housing increased, supported by continued low interest rates resulting from government policy and remote work during the pandemic. On the other hand, concerns remain about elevated construction costs caused by higher timber prices and supply shortages due to the wood shock, and the outlook remains uncertain.」
The company continues to describe concerns about higher timber prices and supply shortages caused by the wood shock, as well as elevated construction costs. - FY2022-Q2RestatedAnnual report
「The real estate industry in which our group operates remained firm as interest in housing increased, supported by continued low interest rates resulting from government policy and remote work during the pandemic. On the other hand, concerns remain about elevated construction costs caused by higher timber prices and supply shortages due to the wood shock, and the outlook remains uncertain.」
The company continues to describe concerns about higher timber prices and supply shortages caused by the wood shock, as well as elevated construction costs. - FY2022-Q1RestatedAnnual report
「The real estate industry in which our group operates remained in a difficult situation because of the impact of the spread of COVID-19 and higher timber prices and supply shortages caused by the wood shock.」
Higher timber prices and supply shortages caused by the wood shock continue to be cited, together with the impact of COVID-19, as factors behind the difficult conditions in the real estate industry. - FY2021First statedAnnual report
「The recovery of the US and Chinese economies has increased demand for timber, resulting in higher prices and supply shortages for imported timber in Japan, a situation known as the "wood shock." Consequently, our group's construction and sales of newly built subdivision housing have been affected, which could affect our group's performance.」
The company explicitly identifies the actual emergence of higher timber prices and supply shortages, affecting the construction and sales of newly built subdivision housing, as a new business risk.