Asia
Ki-Star Real Estate Sees Limited Impact from Middle East Tensions
Ki-Star Real Estate (TYO:3465) said heightened tensions in the Middle East are causing supply chain disruptions and higher material costs but are expected to have a limited impact on its business, according to a Friday filing on the Tokyo Stock Exchange.The company said rising crude oil prices and instability in petrochemical supply chains have led to price revisions and longer lead times for some building materials and equipment.Ki-Star Real Estate said it is working with suppliers to secure stable procurement and has placed advance orders, adding there are no immediate concerns over housing supply.The company said it has also diversified sourcing routes to mitigate risks.
TYO:3465