Revenue Decline from Prolonged Inventory Sales
First written in FY2019-Q2. 2 of 2 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2019.
Sanyo Homes moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2017: 5 of 18 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2019MaterialisedAnnual report
「In the condominium business, 8 buildings, including “THE Chiyoda Kojimachi TOWER” in Chiyoda-ku, Tokyo, comprising 83 units and targeting affluent customers; “The Sun Maison Bunkyo Koishikawa” in Bunkyo-ku, Tokyo, comprising 24 units; the family-type “Sun Maison Senri Momoyamadai” in Suita, Osaka, comprising 29 units; and “Sun Maison Suizenji Ekimae Gate” in Chuo-ku, Kumamoto, comprising 70 units, were completed. However, revenue declined because fewer properties were sold than in the previous year, while discounts were restrained and inventory sales took longer.」
The prolonged sale of inventory continued to emerge in results as a factor behind lower full-year revenue in the condominium business. - FY2019-Q2MaterialisedAnnual report
「As a result, for the second quarter cumulative consolidated period, revenue declined from the initial plan due to natural disasters and the prolonged sale of inventory, among other factors, while profit generally progressed in line with the plan. Revenue was ¥20,426 million, down 4.7% year on year.」
The prolonged sale of inventory emerged as a factor behind the decline in revenue, which fell 4.7% year on year.