Changes in the Financial Business Environment due to the Shrinking Flat 35 Market
First written in FY2024-Q2. 3 of 6 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-08-06.
Yamada Holdings moved to the "Worse" side of this theme in 2025.
0 other companies' latest entry also says "Materialised".
- 2026-08-06MaterialisedEarnings
「Revenue increased but profit declined because procurement costs rose as a result of higher market interest rates.」
Higher market interest rates and procurement costs materialized as lower profit in the Finance segment. - FY2026MaterialisedAnnual report
「Loan performance linked to the remodeling business remained firm, and the transaction volume of small-amount, short-term insurance products, including “Yamada’s Complete Home Insurance,” grew steadily. However, higher funding costs for floating-rate products due to rising market interest rates resulted in higher revenue but lower profit.」
Rising market interest rates and higher funding costs for floating-rate products emerged as factors behind lower profit in the financial segment. - 2026-05-08WorsenedEarnings
「Revenue increased but profit declined because procurement costs for variable-rate products rose as a result of higher market interest rates.」
In the Finance business, higher interest rates materialized as higher procurement costs for variable-rate products and lower profit. - FY2026-H1MaterialisedAnnual report
「While the business was affected by factors including a decline in the number of Flat 35 applications and a decline in the gross margin ratio due to higher interest costs,」
The decline in Flat 35 applications and rising interest costs materialized as a decline in the financial business’s gross margin ratio. Meanwhile, growth in loans and insurance resulted in higher revenue and profit for the financial segment. - FY2024-Q3MitigatedAnnual report
「Revenue in the financial business was ¥2.783 billion, up 72.0% year on year, and operating profit was ¥424 million, up 64.7%. The business recorded higher revenue and profit as organizational restructuring at ハウス・デポ・パートナーズ and the strengthening of the sales structure for ヤマダ NEOBANK home loans proved effective.」
In response to changes in the operating environment, including the contraction of the Flat 35 market, organizational restructuring and a strengthened NEOBANK home-loan sales structure proved effective, resulting in higher revenue and profit in the financial business. - FY2024-Q2First statedAnnual report
「In response to changes in market conditions, including the contraction of the Flat 35 market,」
For the financial business, the Company explicitly identified the contraction of the Flat 35 market and other factors as current changes in market conditions, and described organizational restructuring and the strengthening and streamlining of the sales structure for Yamada NEOBANK home loans as responses.