Decline in Prices and Profitability of Owned Real Estate and Securities
First written in FY2016. 18 of 31 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-05.
Kajima moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 24 of 52 companies on the "Worse" side.
27 other companies' latest entry also says "Materialised".
- 2026-08-05MaterialisedEarnings
「This was attributable mainly to a ¥293.1 billion decrease in notes receivable, accounts receivable from completed construction contracts and other items, and a ¥20.8 billion decrease in investment securities due to a decline in unrealized gains resulting from a fall in the market value of shares held, partly offset by an ¥88.8 billion increase in cash and deposits.」
The decline in unrealized gains caused by lower market values of shares held emerged as a factor behind the first-quarter decrease in investment securities. - FY2026Higher stock prices increased the market value of holdings, while reduction targets remained unmetAnnual report
「During the consolidated fiscal year, the company sold 23 cross-held shares for ¥21,000 million. However, because the market value of its holdings increased by ¥71,600 million due to share-price fluctuations and other factors, the balance at the end of the consolidated fiscal year was ¥304,100 million, compared with ¥253,500 million at the end of the previous consolidated fiscal year, and the ratio to net assets was 21.2%, compared with 19.8% at the end of the previous consolidated fiscal year.」
The company sold 23 cross-held shares for ¥21,000 million, but the market value of its holdings increased to ¥304,100 million and the ratio to net assets rose to 21.2% due to higher share prices and other factors. Reduction measures and an increase in the balance due to higher market value occurred concurrently. - 2026-05-14MitigatedEarnings
「The valuation difference on other securities increased from ¥120.5 billion at the previous fiscal year-end to ¥161.8 billion at the end of the current fiscal year.」
The valuation difference on other securities increased, indicating an improvement in the valuation of securities held. - FY2026-H1MitigatedAnnual report
「This was due, among other factors, to decreases of ¥86,500 million in notes receivable, accounts receivable for completed construction work and other receivables and ¥54,100 million in cash and deposits, while investment securities increased by ¥49,500 million, mainly from increased unrealized gains resulting from higher market values of shares and other holdings.」
Investment securities increased by ¥49,500 million, mainly due to increased unrealized gains resulting from higher market values of shares and other holdings. Whereas a decrease in the valuation difference was recorded in the previous interim period, the valuation of securities held showed an improving trend. - FY2025-H1MaterialisedAnnual report
「Valuation difference on other securities 26,507 △ 25,456」
The valuation difference on other securities changed from an increase of ¥26,507 million in the interim consolidated accounting period of the previous year to a decrease of ¥25,456 million in the current interim consolidated accounting period. Fluctuations in the valuation of securities held are reflected in the results. - FY2024MitigatedAnnual report
「This was due, among other factors, to increases of ¥86,300 million in investment securities, mainly from increased unrealized gains resulting from higher market values of shares and other holdings, ¥68,900 million in cash and deposits, ¥64,900 million in inventories, including real estate for sale, costs of uncompleted construction, development business costs and other inventories, and ¥61,600 million in property, plant and equipment.」
Investment securities increased by ¥86,300 million due to higher market values of shares and other holdings. Unlike the valuation losses recorded through the previous fiscal year, the value of assets held showed an improving trend. - FY2024-Q3MitigatedAnnual report
「This was due, among other factors, to increases of ¥131,000 million in notes receivable, accounts receivable for completed construction work and other receivables, ¥84,000 million in inventories, including real estate for sale, costs of uncompleted construction, development business costs and other inventories, and ¥65,000 million in investment securities, mainly from increased unrealized gains resulting from higher market values of shares and other holdings.」
Investment securities increased by ¥65,000 million, mainly due to increased unrealized gains resulting from higher market values of shares and other holdings. The value of assets held showed improvement, rather than the valuation losses that had continued in the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「This was due, among other factors, to a ¥34,500 million increase in investment securities, mainly from increased unrealized gains resulting from higher market values of shares and other holdings, and a ¥32,000 million increase in inventories, including real estate for sale, costs of uncompleted construction, development business costs and other inventories, while notes receivable, accounts receivable for completed construction work and other receivables decreased by ¥48,300 million.」
Investment securities increased by ¥34,500 million, mainly due to increased unrealized gains resulting from higher market values of shares and other holdings. In terms of the valuation of assets held, the trend improved compared with the valuation fluctuations through the previous quarter. - FY2023MaterialisedAnnual report
「During the consolidated fiscal year, the company recognized an impairment loss on shares classified as other securities and recorded a ¥1,314 million valuation loss on investment securities.」
With respect to the risk of declining prices and profitability of securities held, the impairment of shares and a ¥1,314 million valuation loss were reflected in the annual results. - FY2023-Q2MaterialisedAnnual report
「Valuation difference on other securities 272 △ 6,314」
The valuation difference on other securities changed from an increase of ¥272 million in the same period of the previous year to a decrease of ¥6,314 million in the cumulative second quarter. Fluctuations in the valuation of securities held are reflected in the results. - FY2023-Q1MaterialisedAnnual report
「Valuation difference on other securities △ 3,965 △ 3,401」
The valuation difference on other securities decreased by ¥3,965 million in the same period of the previous year and by ¥3,401 million in the first quarter. Fluctuations in the valuation of securities held continue to be reflected in the results. - FY2022-Q3MaterialisedAnnual report
「Valuation difference on other securities 112,242 96,756」
The valuation difference on other securities decreased from ¥112,242 million at the end of the previous fiscal year to ¥96,756 million at the end of the third quarter. Fluctuations in the valuation of securities held are reflected in the results. - FY2022-Q2MaterialisedAnnual report
「Gain on sale of investment securities 0 6,157 Valuation loss on investment securities 4,455 220」
In the cumulative second quarter, the company recorded a ¥6,157 million gain on sale of investment securities and a ¥220 million valuation loss on investment securities, with fluctuations in the prices and profitability of securities held continuing to be reflected in the results. - FY2022-Q1MaterialisedAnnual report
「Gain on valuation of investment securities 233 Loss on valuation of investment securities 42」
In the first quarter, the company recorded a ¥233 million gain on valuation of investment securities and a ¥42 million valuation loss. Fluctuations in the valuation of securities held continue to be reflected in the results. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, the company recognized an impairment loss on shares classified as other securities and recorded a ¥2,810 million valuation loss on investment securities. Due to declines in the prices of real estate used in the business and for rental purposes, among other factors, the company recorded an impairment loss of ¥946 million under extraordinary losses.」
The impairment of shares held and the impairment of business-use and rental assets due to declining real estate prices and other factors were reflected in the results. The disclosure also describes the review and sale of cross-shareholdings and the overall management of development assets. - FY2021-Q3MaterialisedAnnual report
「Valuation loss on investment securities 0 4,914」
In the cumulative third quarter, the company recorded a valuation loss on investment securities of ¥4,914 million. Meanwhile, investment securities increased by ¥26,500 million, mainly due to unrealized gains from the rise in the market value of shares and other holdings, indicating that loss recognition and a recovery in market value occurred concurrently. - FY2021-Q2MaterialisedAnnual report
「Valuation loss on investment securities 4,455」
In the cumulative second quarter, the company recorded a valuation loss on investment securities of ¥4,455 million. The risk of declining prices and profitability of securities held has materialized as a loss. - FY2021-Q1MaterialisedAnnual report
「Valuation loss on investment securities － 1,529」
In the first quarter, the company recorded a valuation loss on investment securities of ¥1,529 million. Meanwhile, the valuation difference on other securities changed from a decrease in the same period of the previous year to an increase of ¥9,654 million in the current quarter, indicating that loss recognition and improved valuations of securities held occurred concurrently. - FY2020MaterialisedAnnual report
「During the consolidated fiscal year, the company recognized an impairment loss on shares classified as other securities and recorded a ¥1,673 million valuation loss on investment securities. The valuation difference on other securities decreased from ¥111,417 million at the end of the previous consolidated fiscal year to ¥84,212 million.」
With respect to price and profitability risk on securities held, the impairment of shares amounting to ¥1,673 million and the decrease in the valuation difference were reflected in the annual results. - FY2020-Q3MitigatedAnnual report
「Valuation difference on other securities △ 4,887 1,423」
The valuation difference on other securities changed from a decrease of ¥4,887 million in the same period of the previous year to an increase of ¥1,423 million in the cumulative third quarter. In terms of the valuation of securities held, the trend was the opposite of the deterioration seen in the same period of the previous year. - FY2020-Q2MaterialisedAnnual report
「Valuation difference on other securities 17,998 △ 3,270」
The valuation difference on other securities changed from an increase of ¥17,998 million in the same period of the previous year to a decrease of ¥3,270 million in the second quarter. The deterioration in the valuation of securities held is reflected in the results. - FY2020-Q1MaterialisedAnnual report
「Valuation difference on available-for-sale securities 9,909 △ 11,415」
Valuation differences on available-for-sale securities changed from an increase of ¥9.909 billion in the same quarter of the previous year to a decrease of ¥11.415 billion in the first quarter of the current fiscal year. Deterioration in the valuation of securities held has materialized in the results. - FY2019MitigatedAnnual report
「This was due mainly to a ¥75.2 billion increase in notes receivable, completed construction contract receivables and other items and a ¥31.7 billion increase in investment securities, primarily reflecting an increase in unrealized gains due to higher market values of shares held and other securities, offset by a ¥71.8 billion decrease in cash and deposits.」
Investment securities increased by ¥31.7 billion, primarily due to an increase in unrealized gains from higher market values of shares held and other securities. This indicates an improvement in the value of assets held, unlike the real estate impairment recognized in the previous fiscal year. - FY2019-Q2MitigatedAnnual report
「This was due mainly to a ¥117.6 billion decrease in notes receivable, completed construction contract receivables and other items, offset by a ¥29.8 billion increase in investment securities, primarily reflecting an increase in unrealized gains due to higher market values of shares held and other securities, and a ¥22.2 billion increase in inventories, including real estate for sale, costs on uncompleted construction contracts, development business costs, and other inventories.」
Investment securities increased by ¥29.8 billion from the end of the previous fiscal year, primarily due to an increase in unrealized gains from higher market values of shares held and other securities. The opposite movement from the decreases caused by falling securities prices continued. - FY2018MaterialisedAnnual report
「Due to declines in the prices of rental assets and idle assets, among other factors, the carrying amounts of those assets or asset groups were reduced to their recoverable amounts, and the resulting decrease was recognized as an impairment loss of ¥6.647 billion under extraordinary losses.」
While unrealized gains increased due to higher market values of shares held and other securities, an impairment loss of ¥6.647 billion actually occurred for rental assets and idle assets due to declines in real estate prices and other factors. - FY2018-Q3MitigatedAnnual report
「This was due mainly to a ¥119.8 billion decrease in cash and deposits and a ¥32.9 billion decrease in notes receivable, completed construction contract receivables and other items, offset by a ¥29.9 billion increase in investment securities, primarily reflecting an increase in unrealized gains due to higher market values of shares held and other securities.」
Investment securities increased by ¥29.9 billion from the end of the previous fiscal year, primarily due to an increase in unrealized gains from higher market values of shares held and other securities. The opposite movement from the decreases caused by lower market values through the previous quarter continued. - FY2018-Q2MitigatedAnnual report
「This was due mainly to a ¥102.1 billion decrease in notes receivable, completed construction contract receivables and other items, offset by a ¥17.4 billion increase in investment securities, primarily reflecting an increase in unrealized gains due to higher market values of shares held and other securities, and a ¥16.9 billion increase in inventories, including real estate for sale, costs on uncompleted construction contracts, development business costs, and other inventories.」
Investment securities increased by ¥17.4 billion from the end of the previous fiscal year, primarily due to an increase in unrealized gains from higher market values of shares held and other securities. The opposite movement from the previous-quarter decreases caused by lower market values continued. - FY2018-Q1MitigatedAnnual report
「This was due mainly to a ¥150.6 billion decrease in notes receivable, completed construction contract receivables and other items, offset by a ¥56.1 billion increase in cash and deposits and a ¥15.4 billion increase in investment securities, primarily reflecting an increase in unrealized gains due to higher market values of shares held and other securities.」
Investment securities increased by ¥15.4 billion, primarily due to an increase in unrealized gains from higher market values of shares held and other securities. This was the opposite of the effect of declining securities prices described through the previous quarter. - FY2017-Q2MaterialisedAnnual report
「This was due mainly to a ¥46.1 billion decrease in notes receivable, completed construction contract receivables and other items, and a ¥24.5 billion decrease in investment securities, primarily reflecting a decline in unrealized gains caused by lower market values of shares held and other securities.」
Investment securities decreased by ¥24.5 billion from the end of the previous consolidated fiscal year as declines in the market value of shares held and other securities and in unrealized gains continued. The risk of falling prices of securities held continued to materialize in the results. - FY2017-Q1MaterialisedAnnual report
「This was due mainly to a ¥89.3 billion decrease in notes receivable, completed construction contract receivables and other items, and a ¥20.0 billion decrease in investment securities, primarily reflecting a decline in unrealized gains caused by lower market values of shares held and other securities.」
Actual declines in the market value of shares held and other securities and in unrealized gains occurred, and investment securities decreased by ¥20.0 billion. - FY2016First statedAnnual report
「If the market value or profitability of assets held, including real estate for sale, real estate for business use, and securities, declines materially, this could affect operating results and other matters.」
Declines in the market value and profitability of real estate for sale, real estate for business use, and securities are identified as risks.