Fluctuations in Consumer Sentiment and Housing Demand Due to Housing Policies and Taxation
First written in FY2016. 18 of 29 entries say "Restated". Latest entry: FY2026-H1.
Kitakei moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 6 of 16 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「Although various government policies provided support, sentiment toward home purchases continued to decline due to soaring home prices resulting from higher construction material prices, transportation costs, and labor costs, among other factors,」
The disclosure recognizes the support provided by government policies while explicitly identifying soaring home prices resulting from higher construction material prices, transportation costs, and labor costs as a factor weakening sentiment toward home purchases. - FY2025ReframedAnnual report
「Housing-related policies, including preferential mortgage interest measures, and housing-related taxation, including the tax-exempt allowance for gifts of funds for home purchases, along with higher home prices due to rising prices and soaring construction material prices, are expected to significantly affect consumer sentiment toward home purchases. Consequently, sudden changes in housing demand may affect the Company's performance and other matters.」
In addition to existing housing policies and taxation, the disclosure explicitly identifies rising prices, soaring construction material prices, and higher home prices as factors causing consumer sentiment toward home purchases and demand to fluctuate. - FY2025-H1ReframedAnnual report
「In the housing industry, sentiment toward home purchases deteriorated broadly as housing prices soared due to higher construction material prices, transportation costs, and labor costs, among other factors. Although various government policies provided support,」
The disclosure recognizes the support provided by home-purchase assistance measures while describing the rise in transportation and labor costs, in addition to construction material prices, and soaring home prices as circumstances contributing to weaker sentiment toward home purchases. - FY2024-Q2ReframedAnnual report
「Concerns about weaker sentiment toward home purchases have grown as home prices have risen due to inflation and soaring construction material prices, and the business environment has become challenging, with housing starts in owner-occupied and detached for-sale homes, the company's primary markets, continuing to decline year on year. In addition, fixed mortgage rates have been raised, and the future direction needs to be closely monitored.」
In addition to support provided by home-purchase assistance measures, the disclosure explicitly identifies rising prices, soaring material prices, higher home prices, and increases in fixed-rate mortgage interest rates as factors causing demand to fluctuate. - FY2024-Q1ReframedAnnual report
「Concerns about weaker sentiment toward home purchases have grown as home prices have risen due to inflation and soaring construction material prices, and the business environment has become challenging, with housing starts in owner-occupied and detached for-sale homes, the company's primary markets, continuing to decline year on year. The future direction of mortgage interest rates also needs to be closely monitored.」
In addition to the existing disclosure on support from home-purchase assistance measures and financial conditions, the disclosure explicitly identifies higher home prices due to rising prices and soaring construction material prices, as well as trends in mortgage interest rates, as factors causing demand to fluctuate. - FY2023ReframedAnnual report
「Trends in housing-related policies, including preferential mortgage interest measures, and housing-related taxation, including the tax-exempt allowance for gifts of funds for home purchases, along with higher home prices due to rising prices and soaring construction material prices, are expected to significantly affect consumer sentiment toward home purchases,」
The disclosure explicitly adds rising prices, soaring construction material prices, and higher home prices to the existing risks of demand fluctuation arising from housing policies and taxation. - FY2023-Q2RestatedAnnual report
「Although continued government support measures for home purchases and accommodative financial conditions have provided support, declining sentiment toward home purchases is a concern due to higher home construction costs resulting from rising prices and soaring construction material prices,」
The disclosure continues to present both the support for demand provided by home-purchase assistance measures and accommodative financial conditions and concerns over declining sentiment toward home purchases due to rising prices and higher construction costs. - FY2023-Q1ReframedAnnual report
「Although various government support measures for home purchases have continued, the business environment has become one in which declining sentiment toward home purchases is a concern due to higher home construction costs resulting from soaring material prices and expectations of higher mortgage interest rates ahead.」
The disclosure has been updated to present both the support provided by continued home-purchase assistance measures and concerns over demand arising from material prices, home construction costs, and the outlook for mortgage interest rates. - FY2022RestatedAnnual report
「Various government support measures for home purchases have continued, mortgage interest rates and other rates have remained low, and there is also demand for improvements to the living environment accompanying the spread of telework,」
The view that home-purchase assistance measures, low interest rates, and demand for improvements to the living environment accompanying telework affect housing demand continues to be disclosed. - FY2022-Q3RestatedAnnual report
「Mortgage interest rates and other rates have remained low, various government support measures for home purchases have continued, and there is also demand for improvements to the living environment accompanying the spread of telework,」
The view that low interest rates, home-purchase assistance measures, and demand for improvements to the living environment accompanying the spread of telework affect housing demand continues to be disclosed. - FY2022-Q2RestatedAnnual report
「Various government support measures for home purchases have continued, mortgage interest rates and other rates have remained low, and there is also demand for improvements to the living environment accompanying the spread of telework,」
Home-purchase assistance measures, low interest rates, and demand for improvements to the living environment accompanying the spread of telework continue to support housing demand. - FY2022-Q1RestatedAnnual report
「Various government support measures for home purchases have continued, and the spread of telework and similar practices has increased demand for improvements to the living environment, but」
The continuation of home-purchase assistance measures and demand for improvements to the living environment accompanying the spread of telework continue to be disclosed as factors supporting housing demand. - FY2021RestatedAnnual report
「Various government support measures for home purchases have continued, and there is also demand for improvements to the living environment accompanying the spread of telework and similar practices,」
The view that home-purchase assistance measures and demand for improvements to the living environment accompanying telework affect housing demand continues to be disclosed. - FY2021-Q3RestatedAnnual report
「Although there are concerns over the outlook for the employment and income environment arising from the spread of COVID-19, various government support measures for home purchases have continued,」
The disclosure presents both concerns over the employment and income environment due to infectious diseases and the continuation of government support measures for home purchases, and continues to describe their impact on housing demand. - FY2021-Q2RestatedAnnual report
「Various government support measures for home purchases have continued,」
The continuation of government support measures for home purchases continues to be disclosed as a factor supporting housing demand. - FY2021-Q1RestatedAnnual report
「Mortgage interest rates have remained low, and various government support measures for home purchases have continued, but there are also concerns over the outlook for the employment and income environment arising from the spread of COVID-19,」
The disclosure presents both the support provided by low interest rates and home-purchase assistance measures and concerns over the employment and income environment due to the spread of infectious diseases, and continues to describe their impact on housing demand. - FY2020WorsenedAnnual report
「Trends in housing-related taxation, along with growing uncertainty over employment and income due to the consumption tax increase and the spread of COVID-19, among other factors, are expected to significantly affect consumer sentiment toward home purchases,」
The disclosure adds uncertainty over the outlook for the employment and income environment due to COVID-19 to the existing risks associated with housing policies and taxation. - FY2020-Q3RestatedAnnual report
「Mortgage interest rates have remained low, and various government support measures for home purchases have continued, but」
The disclosure presents both the support provided by low interest rates and continued home-purchase assistance measures and the deterioration in the demand environment due to the spread of infectious diseases. - FY2020-Q1RestatedAnnual report
「Mortgage interest rates have remained low, and various government support measures for home purchases have continued, but there has also been an impact from weaker consumer sentiment following the consumption tax increase,」
The disclosure presents both the support provided by low interest rates and home-purchase assistance measures and the impact on demand of weaker consumer sentiment following the consumption tax increase. - FY2019MaterialisedAnnual report
「New housing starts are expected to show a slight downward trend due to uncertainty in market conditions following the consumption tax increase and a growing perception of housing oversupply.」
The consumption tax increase and the perception of housing oversupply have materialized as market uncertainty and a downward trend in new housing starts. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company continues to treat the risk of fluctuations in consumer sentiment and demand arising from housing-related policies and tax measures as involving no new developments or significant changes. - FY2019-Q1RestatedAnnual report
「Due to the continued low level of mortgage interest rates and the impact of government support measures for home purchases,」
The view that low mortgage interest rates and government support measures for home purchases affect housing demand continues to be disclosed. - FY2018RestatedAnnual report
「Housing demand is expected to remain firm, supported by government measures to counter the consumption tax increase, including support for home purchases such as a 3-year extension of the mortgage tax deduction and expanded benefits.」
The disclosure describes the risk that the consumption tax increase and housing-related policies may cause housing demand to fluctuate, and cites an extension of the mortgage tax deduction and expanded benefits as measures to counter the tax increase. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The treatment of demand fluctuation risk arising from housing-related policies and taxation remains unchanged, with no new developments or material changes. - FY2018-Q2MaterialisedAnnual report
「New housing starts remained weak, as rental housing declined due to the end of demand for inheritance-tax planning and a growing perception of oversupply.」
The end of demand for inheritance-tax planning has materialized as a change in housing demand, reflected in the decline in rental housing. - FY2017RestatedAnnual report
「Trends in housing-related tax measures, including the tax-exempt allowance for gifts of funds for home purchases, as well as consumption-tax increases, may significantly affect consumer sentiment toward home purchases, potentially causing sharp changes in housing demand that could affect our group’s performance and other matters.」
The potential for consumer sentiment and demand to fluctuate due to housing-related policies and taxation continues to be disclosed. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes concerning the risk of demand fluctuations caused by housing-related policies and taxation. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no new developments or significant changes concerning the risk of demand fluctuations caused by housing-related policies and taxation. - FY2016First statedAnnual report
「Housing-related policies, including preferential mortgage interest rates, trends in housing-related tax measures such as the tax-exempt allowance for gifts of funds for home purchases, and consumption-tax increases may significantly affect consumer sentiment toward home purchases, potentially causing sharp changes in housing demand that could affect our group’s performance and other matters.」
The company identifies housing policies, the tax-exempt allowance for gifts, and consumption-tax increases as risks that may cause fluctuations in sentiment toward home purchases and housing demand.