Dependence on the Real Estate Industry and Economic Trends
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2023.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Because the Group's business is highly dependent on orders from the real estate industry, a substantial decline in the number of orders for any reason, such as the spread of negative publicity about the Group in the real estate industry, could reduce completed construction revenue and materially affect the Group's results.」
The risk of an impact on results from dependence on orders from the real estate industry and a decline in the number of orders has been reaffirmed. - FY2021RestatedAnnual report
「Because the Company's business is highly dependent on orders from the real estate industry, a substantial decline in the number of orders for any reason, such as the spread of negative publicity about the Company in the real estate industry, could reduce completed construction revenue and materially affect the Company's results.」
The risk of an impact on results from dependence on orders from the real estate industry and a decline in the number of orders has been reiterated. - FY2020First statedAnnual report
「Because the Company's business is highly dependent on orders from the real estate industry, a substantial decline in the number of orders for any reason, such as the spread of negative publicity about the Company in the real estate industry, could reduce completed construction revenue and materially affect the Company's results.」
Dependence on orders from the real estate industry and the possibility of decreases in move-ins and move-outs and the number of orders due to an economic downturn or other factors have been identified as risks.