Earnings deterioration due to prolonged real estate development and failure to open as planned
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 2 of 10 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Our group operates a real estate development business in which projects require a long time to complete. If significant changes occur in the business environment during a project or if opening a facility does not proceed as planned, this could affect our group’s operating results.」
The company continues to disclose the risk that prolonged real estate development, changes in the business environment and failure to open facilities as planned could affect operating results. - FY2020First statedAnnual report
「Our group operates a real estate development business in which projects require a long time to complete. If significant changes occur in the business environment during a project or if opening a facility does not proceed as planned, this could affect our group’s operating results.」
Regarding the real estate development business being pursued to diversify revenue sources, the company newly identified the impact on operating results of prolonged projects, changes in the business environment and failure to open facilities as planned as risks.