Deteriorating Real Estate Market Conditions and Declining Fixed-Asset Values
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 49 of 91 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「If market values and rental prices decline, it may become necessary to write down the carrying amounts of the Company's real estate holdings. In addition to real estate, fixed assets owned by the Group also face impairment risk, which could affect operating results and financial condition.」
Impairment risk for fixed assets generally, in addition to the decline in real estate values, continues to be explicitly identified. - FY2018WorsenedAnnual report
「If market values and rental prices decline, it may become necessary to write down the carrying amounts of the Company's real estate holdings. In addition to real estate, fixed assets owned by the Group also face impairment risk, which could affect operating results and financial condition.」
In addition to the risk of declining real estate values, impairment risk for fixed assets generally is explicitly identified, broadening the scope of the risk. - FY2017RestatedAnnual report
「A deterioration in domestic real estate market conditions could affect the Company's operating results and financial condition. In addition, if market values and rental prices decline, it may become necessary to write down the carrying amounts of the Company's real estate holdings.」
The risk of declines in real estate market conditions, market values and rental prices, resulting in impacts on operating results and write-downs, is reiterated. - FY2016First statedAnnual report
「A deterioration in domestic real estate market conditions could affect the Company's operating results and financial condition. In addition, if market values and rental prices decline, it may become necessary to write down the carrying amounts of the Company's real estate holdings.」
The disclosure identifies the decline in real estate values and impairment risk associated with the acquisition, development and sale of condominium land and properties.