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Grandy House (8999) · RiskMaterialised

Avoiding Fluctuations in Housing Demand Due to the Postponement of the Consumption Tax Increase

First written in FY2017-Q2. 2 of 6 entries say "Restated". Latest entry: FY2020.

6entries
5years
0from disclosures
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ProgressHeldSoftenedWorseFirst statedFY2017-Q2 – FY20172016: 120162017: 120172018: 020182019: 220192020: 22020
Same theme, other companies
Postponement of housing starts and demand due to the delayed consumption tax increaseA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Grandy House moved to the "Worse" side of this theme in 2020.

0 other companies' latest entry also says "Materialised".

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  1. FY2020MaterialisedAnnual report

    「In the housing industry, conditions for acquiring housing remained favorable, with mortgage interest rates continuing at low levels, but customers became more cautious about purchasing homes due to the consumption tax increase and Typhoon Hagibis, which caused flooding across a wide area of eastern Japan.」

    The consumption tax increase and flooding caused by Typhoon Hagibis were reflected in customers becoming more cautious about purchasing homes.
  2. FY2020-Q3MaterialisedAnnual report

    「Although conditions for acquiring housing remained favorable, with mortgage interest rates continuing at low levels, customers became more cautious about purchasing homes due to the consumption tax increase implemented in October of the previous year and Typhoon Hagibis, which caused flooding across a wide area of eastern Japan.」

    The situation shifted from the previous avoidance of fluctuations in demand through postponement of the consumption tax increase to an event in which the tax increase and Typhoon Hagibis caused customers to become more cautious.
  3. FY2020-Q2RestatedAnnual report

    「While conditions for acquiring housing remained favorable, with mortgage interest rates continuing at low levels, there appeared to be some movement in anticipation of the consumption tax increase, and housing starts for detached subdivision homes exceeded the year-earlier period, but there was no significant rush in demand, partly because of various government measures to mitigate sharp changes in demand before and after the tax increase.」

    It states that although there appeared to be some movement in anticipation of the consumption tax increase, there was no significant rush in demand, partly because of government measures.
  4. FY2020-Q1ReframedAnnual report

    「While conditions for acquiring housing remained favorable, with mortgage interest rates continuing at low levels, there appeared to be some movement in anticipation of the consumption tax increase」

    The focus has shifted from the previous description of avoiding fluctuations in demand through postponement of the consumption tax increase to movements in housing demand in anticipation of the tax increase.
  5. FY2017RestatedAnnual report

    「In the housing industry, the further postponement of the planned increase in the consumption tax rate to 10% in April meant that significant fluctuations in demand associated with the tax increase were avoided.」

    It reconfirms the outlook that the further postponement of the increase in the consumption tax rate to 10% would avoid significant fluctuations in demand for the time being.
  6. FY2017-Q2First statedAnnual report

    「The further postponement of the planned increase in the consumption tax rate to 10% in April 2017 was announced in June, making it likely that the significant fluctuation in demand associated with the tax increase would be avoided for the time being.」

    It states that the further postponement of the consumption tax increase is expected to prevent significant fluctuations in housing demand associated with the tax increase for the time being.
Moved together

"Deterioration in operating cash flow due to increased inventory of real estate held for sale and increased borrowings" moved the same way as this thread, in the same document, in 3 of its 6 moves.

333222★123456
  1. ★This thread
  2. 1Deterioration in operating cash flow due to increased inventory of real estate held for sale and increased borrowings3×
  3. 2Profit recovery following a decline in operating profit3×
  4. 3Reliance on Borrowings and Rising Interest Rates or Declining Creditworthiness3×
  5. 4Favorable home-buying conditions supported by home-purchase support measures and low interest rates2×
  6. 5Lower profit from building materials sales due to higher residential timber prices and a challenging order environment2×
  7. 6Fluctuations in Housing Demand Driven by Economic Conditions, Interest Rates and the Tax System2×

★ 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.

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