Stagnant Housing Starts
First written in FY2023-Q1. 6 of 13 entries say "Worsened", first in FY2023-Q3. Latest entry: 2026-08-12.
The whole theme swung hardest in 2023: 15 of 21 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-08-12MitigatedEarnings
「Recent housing starts increased 20.2% year on year. Although they turned upward year on year, this partly reflects a rebound from the decline in starts in the previous year caused by the revision to the Building Standards Act. The impact of soaring construction costs associated with higher housing-material prices and labor costs also continues. In particular, orders and housing starts among house manufacturers, our main customers, remain at low levels.」
Housing starts turned to a 20.2% increase after declining the previous year, but the disclosure also notes that this was partly a rebound and that orders and housing starts among major customers remain low. - FY2026WorsenedAnnual report
「Recent housing starts decreased 12.9% year on year due to factors including higher housing price levels resulting from surging housing material prices, as well as delays in application and approval procedures under the Building Standards Act revised in April 2025.」
Housing starts decreased 12.9% year on year, turning downward from the previous year's 2.0% increase. Delays in application and approval procedures associated with revisions to the Building Standards Act continue to be cited as a factor behind the decline. - 2026-05-13MitigatedRevision of earnings forecasts
「Housing starts declined 12.9% year on year due to rising housing price levels resulting from higher housing-material costs and other factors, as well as delays in application and approval procedures under the Building Standards Act revised in April 2025.」
Housing starts remained down 12.9% year on year, although the decline narrowed from the 17.4% decrease reported in the immediately preceding interim disclosure. - FY2026-H1WorsenedAnnual report
「Recent housing starts decreased 17.4% year on year due to factors including higher housing price levels resulting from surging housing material prices, as well as delays in application and approval procedures under the Building Standards Act revised in April 2025.」
Housing starts decreased 17.4% year on year, turning downward from the previous year's 2.0% increase. Delays in application and approval procedures resulting from revisions to the Building Standards Act are also identified as a new factor. - FY2025MitigatedAnnual report
「Recent housing starts increased 2.0% year on year.」
Housing starts increased 2.0% year on year, turning upward from the previous year's 0.8% decrease. - FY2025-H1MitigatedAnnual report
「Due to the impact of surging housing material prices and the resulting increase in housing prices, among other factors, recent housing starts decreased 0.8% year on year.」
Housing starts decreased 0.8% year on year, with the decline narrowing from the previously reported decrease of 6.3%. - FY2024-Q3WorsenedAnnual report
「Due to factors including surging housing material prices and the resulting increase in housing price levels, recent housing starts decreased 6.3% year on year.」
The decline in housing starts widened to 6.3% year on year, further increasing from the previously reported decrease of 6.2%. - FY2024-Q2WorsenedAnnual report
「Due to factors including surging housing material prices and the resulting increase in housing price levels, recent housing starts decreased 6.2% year on year.」
The decline in housing starts widened to 6.2% year on year from the previous decrease of 4.7%. - FY2024-Q1WorsenedAnnual report
「Due to factors including surging housing material prices and the resulting increase in housing price levels, recent housing starts decreased 4.7% year on year.」
The decline in housing starts is shown specifically as a 4.7% year-on-year decrease, widening from the previous full-year decrease of 0.6%. - FY2023RestatedAnnual report
「Housing starts decreased 0.6% year on year due to factors including surging housing material prices and the resulting increase in housing prices amid changes in social and economic conditions.」
A decline in housing starts against a backdrop of surging housing material prices and higher housing prices is shown as a full-year result of a 0.6% year-on-year decrease. - FY2023-Q3WorsenedAnnual report
「Housing starts related to this business decreased 1.0% year on year due to higher home prices associated with surging housing material prices amid social and economic changes.」
Stagnant housing starts are shown as a specific decline of 1.0% year on year. - FY2023-Q2RestatedAnnual report
「Growth remained sluggish due to surging housing material and equipment prices, among other factors.」
Stagnant housing starts due to surging housing material and equipment prices are cited again. - FY2023-Q1First statedAnnual report
「Amid stagnant housing starts due to surging prices and procurement shortages for timber and other housing equipment, among other factors」
Stagnant housing starts are cited as part of the business environment for the biomaterials and resource recycling businesses.