Liability for Non-Conformity to Contract
First written in FY2023. 1 of 3 entries say "Mitigated", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2026: 7 of 39 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For development projects, we monitor compliance with laws and regulations and exclude non-compliant properties. For used properties, we obtain engineering reports and correct problematic areas before sale.」
The company continues monitoring legal compliance for development projects and obtaining engineering reports and making corrections for used properties. - FY2024MitigatedAnnual report
「For development projects, we monitor compliance with laws and regulations and exclude non-compliant properties. For used properties, we obtain engineering reports and correct problematic areas before sale.」
Responses to contractual non-conformity risk include monitoring legal compliance for development projects and obtaining engineering reports and making corrections for used properties. - FY2023First statedAnnual report
「If a project sold by our group is found to have a material non-conformity to contract and a claim for damages is made, or if we incur repair costs, our creditworthiness could decline and our group’s results and financial condition could be affected.」
A material non-conformity in a property sold could lead to repair costs, damages and reputational deterioration.