Valuation of Real Estate Inventory and Fixed Assets
First written in FY2023. 7 of 17 entries say "Worsened", first in FY2024. Latest entry: 2026-09-01.
The whole theme swung hardest in 2018: 11 of 37 companies on the "Worse" side.
36 other companies' latest entry also says "Mitigated".
- FY2026-H1WorsenedAnnual report
「Current assets at the end of the interim consolidated accounting period increased by ¥15,932 million from the end of the previous consolidated fiscal year to ¥69,611 million. This was mainly due to increases of ¥1,894 million in real estate for sale, ¥12,443 million in real estate for sale in progress and ¥1,036 million in cash and deposits.」
Real estate for sale totaled ¥12,892 million and real estate for sale in progress ¥46,336 million, up ¥1,894 million and ¥12,444 million, respectively, from the previous fiscal year-end. Inventory exposure expanded. - FY2025Updated inventory balance and ratioAnnual report
「Real estate for sale and real estate for sale in progress accounted for 67.1% of our group’s total assets at the end of the consolidated fiscal year. No inventory valuation loss was recorded during the consolidated fiscal year.」
The ratio declined slightly from 67.8% to 67.1%, while the combined balance increased. No inventory valuation loss was recorded during the year. - 2026-03-06WorsenedGeneral Meetings of Shareholders
「Real estate for sale ¥10,998 million Real estate for sale in progress ¥33,892 million」
Real estate for sale and real estate for sale in progress totaled ¥44,890 million, up from ¥44,232 million in FY2025-H1. - FY2025-H1WorsenedAnnual report
「This was mainly due to increases of ¥1,880 million in real estate for sale and ¥6,988 million in real estate for sale in progress, and an ¥811 million decrease in cash and deposits.」
Real estate for sale and real estate for sale in progress totaled ¥44,232 million, up from ¥35,363 million at the previous fiscal year-end, expanding inventory exposure alongside total assets. - FY2024WorsenedAnnual report
「Real estate for sale and real estate for sale in progress accounted for 67.8% of total assets at the end of the consolidated fiscal year.」
The ratio of real estate for sale and real estate for sale in progress to total assets increased from 56.0% to 67.8%, expanding inventory exposure. - FY2024-H1Updated inventory balanceAnnual report
「This was mainly due to a ¥6,214 million increase in real estate for sale resulting from real estate acquisitions and completions, and a ¥950 million decrease in real estate for sale in progress due to its reclassification to real estate for sale upon completion.」
Real estate for sale increased by ¥6,214 million due to acquisitions and completions, while investment in inventory was ¥5,362 million. - FY2023First statedAnnual report
「Real estate for sale and real estate for sale in progress accounted for 56.0% of total assets at the end of the consolidated fiscal year.」
Real estate for sale and real estate for sale in progress represented 56.0% of total assets, creating potential for price reductions or valuation losses if market conditions change.