Litigation arising from non-conformity to contract, neighborhood disputes and other issues
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
3 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「However, the group may in the future face lawsuits or other claims arising from defects in properties it has sold, disputes with neighbours concerning development construction it undertakes, customer complaints regarding construction work it has undertaken, and disputes with tenants and others at the time of move-in or move-out. Depending on the nature and outcome of such lawsuits and other claims, the group’s operating results could be affected.」
The company continues to address the risk of litigation and claims arising from contract nonconformities, disputes with neighbours, customer complaints and tenant disputes. - FY2021First statedAnnual report
「The group may in the future face lawsuits or other claims arising from contract nonconformities (defects) in properties it has sold, disputes with neighbours concerning development construction it undertakes, customer complaints regarding construction work it has undertaken, and disputes with tenants and others at the time of move-in or move-out. Depending on the nature and outcome of such lawsuits and other claims, the group’s operating results could be affected.」
The company has newly organised the risks of future litigation and claims arising from contract nonconformities, development construction, customer complaints and tenant disputes.